Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks that were exchanged rising a mere 4 percent but with a 1,245 percent surge in the amount of US dollars funds passing through the market compared to Tuesday, resulting in trading in seven securities, up from five on Tuesday with prices of four rising, one declining and two ending unchanged.
The market closed with trading of 152,413 shares at US$68,498 up from 147,004 units at US$5,094 on Tuesday.
Trading averaged 21,773 units at US$9,785 compared to 29,401 shares at US$1,019 on Tuesday. Trading resulted in a month to date average of 38,316 shares at US$4,621 compared to 39,548 units at US$4,236 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index climbed 1.51 points to wrap up trading at 241.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 one with a lower offer.
At the close, Margaritaville ended at 10 US cents with an exchange of 1,250 units, Proven Investments rallied 0.7 of one cent in closing at 13 US cents after 1,600 shares passed through the market.
Sygnus Credit Investments increased 0.03 of a US cent and ended at 8.99 US cents with investors swapping 1,918 stock units, Sygnus Real Estate Finance USD share skidded 0.15 of a cent to close at 8 US cents in an exchange of 21,389 shares and Transjamaican Highway climbed 0.07 of a cent to 1.85 US cents with investors trading 74,072 stock units.
In the preference segment, JMMB US 8.5% preference share remained at US$1.03 after trading 51,159 stocks and Sygnus Credit Investments E 8.5% rose US$1.538 to close at a record high of US$11.788, with 1,025 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 147,004 shares for US$5,094 down from 317,598 units at US$259,958 on Monday.
Sygnus Credit Investments sank 0.03 of a cent to 8.96 US cents after 3,150 stocks crossed the exchange, Sygnus Real Estate Finance USD share popped 0.04 of a cent to end at 8.15 US cents with investors swapping 2,300 shares and Transjamaican Highway dropped 0.07 of a cent to 1.78 US cents with an exchange of 133,072 stock units.
The market closed with trading in 317,598 shares for US$259,958 compared to 649,338 units at US$15,760 on Friday.
At the close, First Rock Real Estate USD share skidded 0.09 of a cent to end at 4.01 US cents after 8,899 units passed through the market, Proven Investments ended at 13 US cents after an exchange of 2,523 shares. Sygnus Credit Investments advanced 0.27 of one cent to close at 8.99 US cents, with 63,572 stock units changing hands and Transjamaican Highway fell 0.02 cent to 1.85 US cents clearing the market with 35,945 stocks.
The market closed with an exchange of 649,338 shares for US$15,760 compared to 156,654 units at US$16,462 on Thursday.
Proven Investments ended trading of 4,364 shares at 13 US cents. Sterling Investments slipped 0.1 cent to end at 1.5 US cents, with 60,814 stock units crossing the market, Sygnus Credit Investments gained 1.02 cent in closing at 8.72 US cents with an exchange of 72,020 shares, Sygnus Real Estate Finance USD share popped 1.11 cents to 8.11 US cents with trading of 1,000 stocks and Transjamaican Highway rose 0.03 of a cent to close at 1.87 US cents after an exchange of 508,217 units.
At the close, Margaritaville shed 0.52 of one cent in closing at 10 US cents with investors trading 22 stock units, Proven Investments sank 0.5 of a cent to 13 US cents, with 96,006 shares crossing the market, Sterling Investments ended at 1.6 US cents with traders dealing in 803 stocks. Sygnus Credit Investments dipped 1.3 cents to close at 7.7 US cents, with 35,749 units changing hands, Sygnus Real Estate Finance USD share remained at 7 US cents in trading 12,400 stocks and Transjamaican Highway lost 0.04 of a cent to end at 1.84 US cents with trading in11,674 shares.
The market closed with an exchange of 508,298 shares for US$11,596 compared to 501,713 units at US$12,814 on Monday.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
The market closed with an exchange of 501,713 shares for US$12,814 compared to 30,414 units at US$3,460 on Friday.
At the close, Margaritaville dipped 0.41 of one cent and ended at 11.99 US cents in an exchange of 144 units, Proven Investments shed 0.46 of a cent to 13.04 US cents with investors dealing in 29,843 stocks, Sterling Investments ended at 1.6 US cents after 1,383 shares were traded. Sygnus Credit Investments declined 0.5 of one cent to end at 8 US cents, with an exchange of 7,315 stocks and Transjamaican Highway advanced 0.08 of a cent to 1.79 US cents with investors transferring 463,007 shares.
The market closed with an exchange of 30,414 shares for US$3,460 compared to 81,185 units at US$2,499 on Thursday.
At the close, Proven Investments ended at 13.5 US cents with investors trading 14,181 units, Sterling Investments rallied 0.03 of a cent to 1.6 US cents, with 3,700 stocks crossing the exchange and Transjamaican Highway rose 0.01 of a cent to end at 1.71 US cents with 12,422 shares changing hands.
At the close of trading on Friday, the JSE Combined Market Index climbed 2,814.34 points to close at 335,199.54, the All Jamaican Composite Index jumped 3,718.84 points to 359,839.19, the JSE Main Index rallied 3,015.95 points to close trading at 322,238.80. The Junior Market Index lost 1.62 points to lock up trading at 3,766.95 and the JSE USD Market Index slipped 0.01 points to end the day at 238.06.
At the close of the market, some of the major Main Market stocks that rose are AS Bryden advanced $8.50 in closing at a record high of $45, Barita Investments rose $1.87 to $72.40 and JMMB Group rose 88 cents and ended at $24.68.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
Sterling Investments dipped 0.03 of a cent to 1.57 US cents, with investors exchanging 59,522 stocks, Sygnus Credit Investments slipped 0.5 of one cent to close at 8.5 US cents with an exchange of 3,146 stock units and Transjamaican Highway skidded 0.01 of a cent to 1.7 US cents after 13,522 shares cleared the market.