Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 95 percent drop in the volume of stocks that changed hands, with a 97 percent lower value than on Tuesday, resulting in trading in three securities, compared to five on Tuesday with prices of two rising, no declining and one ending unchanged as the market gained nearly 8 percent in January.
The market closed with 15,298 shares trading for a mere US$860 compared with 286,861 units at US$30,962 on Tuesday.
Trading averaged 5,099 units at US$287 compared to 57,372 shares at US$6,192 on Tuesday, with a month to date average of 42,169 shares at US$5,037 compared to 43,045 stock units at US$5,149 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index gained 2.46 points to finish at 249.26, up 7.9 percent for the month.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Productive Business Solutions popped 2 cents to US$1.79 with 29 stocks being traded and Transjamaican Highway advanced 0.01 of a cent to 2 US cents, with 14,769 units changing hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.03 after trading of 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for January 2024
JSE US Market up 8% in January
Slippage in Trinidad Stock Exchange
The Trinidad and Tobago Stock Exchange lost ground on Wednesday, with the volume of stocks traded declining 48 percent and the value of trading dropping 59 percent from Tuesday’s level and resulting in 16 securities trading compared with 18 on Tuesday, with prices of three stocks rising, five declining and eight remaining unchanged.
The market closed trading with an exchange of 97,007 shares for $628,109 compared to 186,017 stock units at $1,532,419 on Tuesday.
An average of 6,063 shares were traded at $39,257 compared to 10,334 units at $85,134 on Tuesday, with trading month to date averaging 15,998 shares at $167,627 compared with 16,482 units at $173,889 on the previous day and an average for December of 17,065 shares at $239,371.
The Composite Index dipped 2.59 points to lock up trading at 1,191.97, the All T&T Index skidded 4.00 points to settle at 1,778.53, the SME Index remained unchanged at 78.23 and the Cross-Listed Index sank 0.15 points to finish at 78.99.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, Calypso Macro Investment Fund declined 47 cents and ended at $22.68 in switching ownership of 63 stocks, Endeavour Holdings remained at $14.75 and closed with an exchange of 8 units, First Citizens Group ended at $50 after a transfer of 541 shares. FirstCaribbean International Bank remained at $7.05 with 1,726 stocks clearing the market, GraceKennedy slipped 5 cents to close at $4.10 in an exchange of 4,110 shares, Massy Holdings dipped 5 cents to $4.40 after 18,181 stocks passed through the market. National Enterprises ended at $3.75 after an exchange of 50,530 units, National Flour Mills remained at $2 after 100 stock units crossed the market, One Caribbean Media ended at $3.45 while exchanging 420 shares. Prestige Holdings rallied $1.20 to close at a 52 weeks’ high of $10.50 after trading of 90 units, Republic Financial increased 68 cents to $119.68, with 729 stock units changing hands, Scotiabank fell 50 cents to close at $68.50 in trading 117 stock units. Trinidad & Tobago NGL ended at $10 after 20,031 shares passed through the market, Trinidad Cement dropped 15 cents to end at $3.10 with investors dealing in 100 stock units, Unilever Caribbean remained at $11.93, with 41 units crossing the exchange and West Indian Tobacco popped 25 cents to $9 with traders dealing in 220 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD trading drops on Tuesday
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged declining 45 percent after 69 percent fewer US dollars changed hands compared to Monday, resulting in trading in five securities, compared to seven on Monday with prices of one rising, four declining and no ending unchanged.
The market closed with an exchange of 286,861 shares for US$30,962 compared to 519,135 units at US$98,529 on Monday.
Trading averaged 57,372 units at US$6,192 versus 74,162 shares at US$14,076 on Monday, with a month to date average of 43,045 shares at US$5,149 compared with 42,458 units at US$5,106 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index skidded 3.89 points to culminate at 246.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Proven Investments declined 1.29 cents to end at 12.21 US cents, with 24,390 stock units changing hands, Sygnus Credit Investments fell 0.48 of a cent to 8.5 US cents with a transfer of 11,494 shares and Transjamaican Highway lost 0.01 of a cent and ended at 1.99 US cents with investors swapping 237,933 units.
In the preference segment, JMMB US8.5% preference share popped 3 cents to close at US$1.03 after a transfer of 12,227 stocks and Sygnus Credit Investments E 8.5% dipped 3.8 cents in closing at US$11.75 with investors dealing in 817 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica’s Unemployment dives to 4.2%
Jamaica’s unemployment rate dropped to a record low of 4.2 percent in October last year and is down compared with the unemployment rate at 4.5 percent in both April and July 2023, data from the Statistical Institute of Jamaica show.
The number of employed persons in October 2023, rose to 1,320,400, marginally up from 1.3151 million persons in July last year and 1.3126 million in April. The data shows that in October 2023, there were 57,300 unemployed persons in the labour force.