The Jamaica Stock Exchange Main Market ended trading on Thursday with the market rising after fewer stocks rose as investors exchanged 56 percent fewer shares, with a 59 percent higher value than on Wednesday.
At the close, the All Jamaican Composite Index climbed 1,205.29 points to 407,251.72, the Main Index advanced by 1,208.99 points to 371,716.48 and the JSE Financial Index gained 0.27 points to settle at 97.07.
Trading ended with 46 securities changing hands compared to 43 on Wednesday and closed with the prices of 14 stocks rising, 21 declining and 11 remaining unchanged. The average PE Ratio of the market ended at 15.7 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 13,141,814 shares for $242,747,146 compared to 30,185,670 units at $152,750,024 on Wednesday. Wigton Windfarm led trading with 26.9 percent of total volume in accounting for 3.53 million shares, followed by Barita Investments with 18.9 percent of the day’s trade for 2.48 million units, Transjamaican Highway with 18.5 percent market share or 2.43 million units and Pulse Investments, with 18 percent closing with 2.35 million units changing hands.
Trading ended with an average of 285,692 units changing hands at $5,277,112 for each security compared to an average of 701,992 shares at $3,552,326 on Wednesday. The average trade for the month to date ended at 248,972 units at $1,760,892 for each security, in contrast to 246,626 units at $1,536,244. Trading month to date compares adversely to August’s average of 497,441 units at $3,201,918.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows seven stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, Barita Investments climbed $9.08 to $78 in exchanging 2,484,848 shares, Caribbean Cement fell $1.49 to settle at $45.50, with 3,179 stock units changing hands. Eppley Caribbean Property Fund climbed $5.45 to $50.45, in exchanging a mere 10 stock units, First Rock Capital gained 30 cents in closing at $13.30, after trading 333 shares. Jamaica Producers Group shed 50 cents to end at $20, with an exchange of 5,061 stock units, Jamaica Stock Exchange closed at $18.50, with a loss of 43 cents after 3,588 units crossed the market, Key Insurance rose 65 cents and ended at $8.25 with 4,880 stock units clearing the market. Mayberry Jamaican Equities carved out a gain of 90 cents to finish at $8.50, in trading 60,235 shares, NCB Financial Group fell $1.30 to $133, with 65,074 shares changing hands, 138 Student Living rose 35 cents to $4.85 trading 40 units, Palace Amusement declined by $224 to close at $1,300, after transferring ten stock units. PanJam Investment dropped $4.98 to $66, in trading 41,025 shares, Portland JSX lost 60 cents to settle at $8 trading a mere two units, Scotia Group rose $1.76 to end at $48.76, with 60,819 shares passing through the market and Seprod shed 74 cents to close at $55.25, in trading 19,961 shares.
In the preference segment of the market, Community & Workers Credit Union lost 33 cents to close at $1.65 and 25,678 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market rises on reduced trading
Trading fell 74 percent at the close of the market on Wednesday than Tuesday as the US dollar market of the Jamaica Stock Exchange closed with the market index rising even as the prices of more stocks falling than rising.
At the close of the market, trading ended with three securities changing hands compared to five on Tuesday and closed with the price of one stock rising and two stocks declining.
The JSE USD Equities Index gained 0.52 points to settle at 187.80, with the average PE Ratio ending at 12.9 based on IC Insider.com forecast of 2020-21 earnings.
The market closed with an exchange of 135,825 shares, accounting for US$9,628 compared to 516,236 units at US$127,632 on Tuesday.
The average trade for the day amounted to 45,275 units changing hands at US$3,209, in contrast to an average of 103,247 shares at US$25,526 on Tuesday. Trading ended with an average of 89,248 units for the month to date at US$12,107 in contrast to 91,737 units at US$12,611. By comparison, August ended with an average of 83,402 units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, Proven Investments lost 1 US cent in closing at 24 US cents in exchanging 33,815 shares, Sygnus Credit Investments lost 0.01 cent ended at 13.01 US cents trading 2,010 units and Transjamaican Highway rose 0.04 of a cent to close at 0.94 US cent, with investors switching ownership of 100,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
TTSE stocks dip on Wednesday
Declining stocks edged out rising prices on the Trinidad and Tobago Stock Exchange when trading ended on Wednesday, with the leading market indices slipping after 75 percent fewer shares changed hands than on Tuesday but at twice the value.
The market closed with thirteen securities trading with the prices of four stocks advancing, five declining and four unchanged. The volume of stocks passing through the market amounted to 53,461 shares valued at $2,171,697 compared to 214,801 shares for $1,071,798 on Tuesday from 10 securities.
The average trade on Wednesday amounted to 4,112 units at $167,054 versus an average of 21,480 stock units for $107,180 for each security. The average stock traded amounts to 10,508 units at $135,085 for the month to date compares to 10,887 units at $133,187 on Tuesday. August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index shed 0.58 points to 1,317.15, the All T&T Index declined by 3.73 points to 1,794.85, while the Cross Listed Index gained 0.36 points to close at 113.36.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than its last selling price and four with lower offers.
Stocks rising│ First Citizens Bank rose 38 cents to $46.49, with 18,226 shares crossing the market, JMMB Group gained 8 cents trading 17,803 shares to close at $1.78, Massy Holdings ended 95 cents higher at $59 in exchanging 2,286 units and Republic Financial Holdings gained 2 cents to settle at $142.02, with a transfer of 7,553 stock units.
Stocks declining│ Agostini’s shed 20 cents to end at $24.50, in exchanging 20 units, Clico Investments closed at $25.50, with a loss of 9 cents transferring 1,870 units, Grace Kennedy lost 1 cent to finish at $3.48, with 1,000 units changing hands. Scotiabank closed at $54.80 after losing 10 cents trading 192 shares and Trinidad and Tobago NGL slipped 2 cents to $16.01, with an exchange of 1,996 units.
Stocks trading firm│ Angostura Holdings closed at $17, transferring 500 units, Calypso Macro Index Fund remained at $14.25, with 15 shares changing hands, Guardian Media traded 1,000 units at $5 and National Flour exchanged 1,000 stock units at $1.83.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on JSE USD market
The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market declining after 244 percent more shares changed hands than on Monday and resulted in the prices of more stocks rising than falling.
At the close of the market, trading ended with five securities changing hands compared to three on Monday and ended with the prices of three stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index carved out a loss of 1.50 points to settle at 187.28 at the close, with the average PE Ratio ending at 12.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 516,236 shares, accounting forUS$127,632 compared to 150,020 units at just US$2,461 on Monday.
The average trade for the day amounted to 103,247 units changing hands at US$25,526, in contrast to an average of 50,007 shares at US$820 on Monday. Trading ended, with an average of 91,737 units for the month to date at US$12,611 in contrast to 90,537 units at US$11,266. By comparison, August ended with an average of 83,402 units for US$7,526.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, First Rock Capital Investment gained two-tenths of a cent in ending at 8.7 US cents after 5,500 shares crossed the market, Proven Investments carved out a loss 2 US cents to close at 25 US cents with investors switching ownership of 501,010 stocks. Sygnus Credit Investments rose a fraction of a cent to end at 13.02 US cents with investors swapping 4,266 stocks units and Transjamaican Highway gained nine-tenths of a cent and settled at 0.09 US cent with investors swapping 4,510 shares.
In the preference segment of the market, JMMB Group 5.75% remained at US$2.01 in an exchange of 950 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
TTSE stocks fall on a volume surge
The Trinidad and Tobago Stock Exchange ended trading on Tuesday down after 421 percent more shares were exchanged than on Monday, resulting in falling stocks outpacing rising ones after JMMB Group closed at a 52 weeks’ low.
The market closed with ten securities trading with three stocks advancing, five declining and two remaining unchanged. The market closed with 214,801 shares valued at $1,071,798, changing hands compared to 41,196 shares for $701,796 on Monday from 12 securities.
The average trade on Tuesday amounted to 21,480 units at $107,180 versus an average of 3,433 stock units for $58,483 for each security. The average traded security amounted to 10,887 units at $133,187 for the month to date compares to 10,380 units at $134,431 on Monday. August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index dropped 4.30 points to 1,317.73. The All T&T Index slipped 1.39 points to 1,798.58, while the Cross Listed Index lost 0.99 points to close at 113.00.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of two stocks higher than their last selling prices and five with lower offers.
Stocks rising│ National Flour gained 1 cent to finish at $1.83 with 1,035 units changing hands, Trinidad and Tobago NGL ended 2 cents higher at $16.03, in trading 200 shares and West Indian Tobacco rose 15 cents to $36.15, with a transfer of 272 units.
Stocks declining│ Calypso Macro Index Fund shed 25 cents to close at $14.25, in exchanging 250 units, Clico Investments lost 1 cent transferring 2,663 stock units to settle at $25.59, First Citizens Bank closed at $46.11, after losing 20 cents trading 675 units. JMMB Group ended at a 52 weeks’ low of $1.70, with a loss of 18 cents and 200,000 shares crossing the market and Massy Holdings fell by 64 cents to $58.05, with an exchange of 1,000 units.
Stocks trading firm│ National Enterprises traded 4,935 stock units at $4.01 and Republic Financial Holdings held firm at $142in the transfer of 3,771 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.