Trading on the USD market ended on Tuesday, with the index falling as investors exchanged 178 percent more shares than on Monday at 71 percent less the value, resulting in more stocks falling than rising and the market losing almost all the 17.4 percent gains made up to the end of April, this year when the market hit the year’s peaked at 218.70 points.
Six securities traded, compared to eight on Monday with one rising, three declining and two remaining unchanged.
The JSE USD Equity Index lost 4.06 points to end at 187.18, just a fraction above the 2020 close of 186.30. The PE Ratio, a measure that determines an appropriate value of each stock, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
A total of 654,515 shares traded for US$17,881 compared to 235,315 units at US$63,279 on Monday. Trading averaged 109,086 units at US$2,980, versus 29,414 shares at US$7,910 on Monday. Month to date trading averages 46,425 units at US$4,526 in contrast to 21,361 units at US$5,145 Monday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than their last selling price and one with a lower offer.
At the close, First Rock Capital had an exchange of 318 shares at 8.5 US cents, Margaritaville finished at 9.2 US cents with 300 stocks changing hands,
Proven Investments dropped 0.4 of a cent to end at 25 US cents, with 53,422 units traded. Sygnus Credit Investments lost 0.48 of a cent to close at 13.52 US cents, with a transfer of 40 stock units and Transjamaican Highway slipped 0.1 of a cent to 0.70 of a US cent with 600,285 shares crossing the exchange.
In the preference segment, JMMB Group 6% advanced 6.95 cents to US$1.01 with 150 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with eight securities changing hands, compared to five on Friday, with the prices of three stocks rising, two declining and there ending unchanged as the market has just held on to 2.7 percent of the gains this year.
Productive Business Solutions rose 0.01 of a cent to close at 80.01 US cents trading 9,000 stocks, Proven Investments gained 0.4 of a cent to finish at 25.4 US cents with 95,551 shares traded, Sygnus Credit Investments remained at 14 US cents with a transfer of 3,265 units and Transjamaican Highway dropped 0.08 of a cent 0.8 of a US cent with 97,300 stock units crossing the exchange.
The prices of all stocks trading on Friday on the Jamaica Stock Exchange USD market declined with five securities changing hands, compared to two on Thursday with none of the five stocks trading was able to post gains at the close with 35 percent fewer shares changing hands than on Thursday.
At the close, Proven Investments dipped 1 cent to 25 US cents with 11,020 shares traded, Sterling Investments slipped 0.4 of a cent to 1.9 US cents, with 4,000 stock units changing hands, Sygnus Credit Investments lost 0.7 of a cent to 14 US cents, after 8,228 stocks crossed through the exchange and Transjamaican Highway fell 0.01 of a cent to 0.88 US cents, with 1,850 stock units crossing the exchange.
The second half of the year started on a subdued note after trading volume fell 97 percent from Wednesday’s level, at the close of the Jamaica Stock Exchange US dollar market on Thursday with just two securities trading compared to five on Wednesday and ending with one rising and one closing unchanged.
Trading for June ended with an average of 87,444 units for US$6,162.
At the close, First Rock Capital advanced 0.03 of a cents to 7.39 US cents with 30,000 shares changing hands, Proven Investments rallied 0.25 of a cent to 26 US cents with 1,167,108 units traded before the investment banking company posted strong 2021 full year results of 1.8 US cents per share and a PE ratio of 14.4, Sterling Investments popped 0.31 US of a cent to 2.3 US cents, with a transfer of 151 stocks. Sygnus Credit Investments settled at 14.7 US cents with 946 stock units passing through the market and Transjamaican Highway rose 0.01 of a cent to 0.83 US cents with 684,800 units changing hands.
The JSE USD Equity Index fell 1.75 points to close at 193.78. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital fell 0.64 of a cent to finish at 7.36 US cents with an exchange of 2,907 shares, Margaritaville remained at 9.2 US cents with 4,100 stocks traded, Proven Investments rose 0.74 of a cent to 25.75 US cents with 1,625 stock units changing hands. Sygnus Credit Investments slipped 0.3 of a cent to end at 14.7 US cents with a transfer of 22,926 shares and Transjamaican Highway declined by 0.03 of a cent to close at 0.82 US cents with 483,011 units changing hands.
Seven securities traded, up from four on Friday with one rising, four declining and two remaining unchanged. The JSE USD Equity Index gained 0.07 points to end at 195.53.
Proven Investments remained at 25.01 US cents after 20,151 stocks changed hands. Sterling Investments fell 0.11 of a cent to 1.99 US cents with 96,845 shares passing through the market, Sygnus Credit Investments traded 42,412 stock units at 15 US cents and Transjamaican Highway slipped 0.01 of a cent to 0.85 US cents with 65,500 units crossing the exchange.
Trading ended with four securities changing hands, compared to six on Thursday, with the prices of three rising, none declining and one remaining unchanged.
At the close, First Rock Capital advanced 0.88 of a cent to 8.88 US cents with an exchange of 11 shares, Margaritaville remained at 9 US cents with 12,900 stocks traded, Sterling Investments rose 0.1 of a cent to 2.1 US cents with 100 units changing hands and Transjamaican Highway gained 0.01 of a cent to end at 0.86 of a US cent with 163,160 shares crossing the exchange.
Six securities changed hands, similar to Wednesday, with prices of two rising, one declining and three closing unchanged.
First Rock Capital rose 0.79 of a cent to 8 US cents with an exchange of 8,364 shares, Margaritaville remained at 9 US cents in swapping of 57,398 shares, Proven Investments dropped 0.84 of a cent to 25.01 US cents with 10,663 shares traded. Sterling Investments closed at 2 US cents with a transfer of 25,502 stocks, Sygnus Credit Investments popped 1 cent to 15 US cents, with 8,631 units changing hands and Transjamaican Highway settled at 0.85 of a US cent after 55,340 stock units crossed the exchange.
At the close, First Rock Capital declined 0.79 of a cent to close at 7.21 US cents after trading two shares, MPC Caribbean Clean Energy remained at US$1.05 after 45 stock units changed hands, Proven Investments popped 0.8 of a cent to 25.85 US cents after the trading of 29,433 shares. Sterling Investments remained at 2 US cents with 2,155 shares clearing the market and Transjamaican Highway gained 0.03 of a cent to close at 0.85 US cents with the swapping of 304,576 units.