Transjamaican Highway drags JSE USD market down.
The volume of stocks trading on Thursday after investors exchanged 373 percent more shares valued 22 percent less than on Wednesday and ending more slippage in the index stocks ending unchanged on the USD market.
Trading ended with four securities changing hands, the same number as on Wednesday, and with the prices of one stock declining, none rising and three remaining unchanged.
The JSE USD Equity Index fell 4.23 points to end at 184.31, with the market now more than one percent lower than the December close after Transjamaican Highway sank to the lowest point in twelve months. The PE Ratio, a measure that computes an appropriate value of a stock, averaged 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 1,203,958 shares traded for US$22,523 compared to 254,770 units at US$28,741 on Wednesday.
Trading averaged 300,990 units at US$5,631, compared to 63,693 shares at US$7,185 on Wednesday. Trading month to date averages 118,832 units at US$10,317 in contrast to 104,820 units at US$10,677 on Wednesday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than their last selling price and three with lower offers.
At the close, First Rock Capital settled at 8 US cents with investors switching ownership of 11,506 shares, Proven Investments remained at 24 US cents with a transfer of 29,711 units and Transjamaican Highway dropped 0.11 of a cent to end at a 52 weeks’ low of 0.70 US cents, with 1,159,741 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% closed at US$2.10 with 3,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with four securities changing hands, compared to six on Tuesday, with the prices of one stock declining, none rising and three remaining unchanged.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital closed at 8 US cents while trading 925 shares, Margaritaville closed at 9.2 US cents after exchanging 30,890 units, Productive Business Solutions dipped 0.01 of a cent to end at 80 US cents in switching ownership of 54 stocks. Proven Investments remained at 24 US cents, with 530,672 units crossing the market and Transjamaican Highway gained 0.11 of a cent to end at 0.81 US cents with the swapping of 3,802 stock units.
The JSE USD Equity Index lost 1.98 points to end the day lower than the start of 2021 at 185.01 as all of the 2021 gains are wiped out. The PE Ratio, a measure that computes an appropriate value for a stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
First Rock Capital shed 0.89 of a cent to end at 8 US cents after exchanging 18 shares, Proven Investments lost 0.48 of a cent to end at 24 US cents, with 14,749 shares changing hands, Sterling Investments popped 0.43 of a cent to 2.3 US cents, with 35 stocks clearing the market. Sygnus Credit Investments ending at 14.45 US cents after trading 3,000 stock units and Transjamaican Highway lost 0.01 of a cent to close at 0.7 of a US cent, with 400,000 stock units changing hands.
First Rock Capital dipped 0.11 of a cent to finish at 8.89 US cents with 1,860 shares passing through the market, Margaritaville remained at 9.2 US cents with an exchange of just one unit, Proven Investments gained 0.38 of a cent to end at 24.48 US cents with 1,010,948 stocks changing hands. Sterling Investments fell 0.03 of a cent to 1.87 US cents with 110,000 stock units traded, Sygnus Credit Investments rose 1.45 cents to 14.45 US cents with a transfer of 2,000 shares and Transjamaican Highway declined 0.11 of a cent to a 52 weeks’ low of 0.71 US cents with 1,809,928 units crossing the exchange.
Trading ended with five securities changing hands, compared to four on Wednesday with the price of one rising, three declining and one remaining unchanged.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
but the market index recovered some of the losses suffered on the previous trading day at the close of the Jamaica Stock Exchange USD market.
At the close, First Rock Capital slipped 0.1 of a cent to 8.4 US cents with an exchange of 606 shares, Margaritaville ended at 9.2 US cents with 5,040 stocks traded, Proven Investments fell half a cent to 24.5 US cents with 56,472 units changing hands and Transjamaican Highway rallied 0.12 of a cent to 0.82 US cents with 68,500 shares crossing the exchange.
Six securities traded, compared to eight on Monday with one rising, three declining and two remaining unchanged.
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.
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.
