The Jamaica Stock Exchange Main Market stocks push the major market indices sharply higher on Wednesday even as trading levels dipped from Tuesday strong showing.
At the close, the All Jamaican Composite Index jumped 5,003.2 points to 408,622.22, the JSE Main Index climbed 4,591.19 points to 372,908.59 while the JSE Financial Index rose 1.76 points to 96.63.
Trading ended with 42 securities changing hands with the prices of 14 stocks rising, the prices of 16 declining, with 12 remaining unchanged.
The average PE Ratio of the Main Market ended at 15.5 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 8,833,133 shares for $194,889,167 compared to 32,897,914 units at $307,628,403 on Tuesday.
Wigton Windfarm led trading with 1.91 million shares for 21.7 percent of total volume followed by PanJam Investment with 1.65 million units for 18.6 percent of the day’s trade and Transjamaican Highway with 1.14 million units for 13 percent market share.
The average trade for the day ended at 210,313 units at $4,640,218 in contrast to an average of 765,068 at $7,154,149 on Tuesday. An average of 403,249 units traded for the month to date, at $3,017,962 for each security that traded, in contrast to 422,580 units at $2,855,323. In contrast, trading in June resulted in an average of 818,748 units at $7,498,308.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows six stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, First Rock Capital rose 52 cents to close at $14 after exchanging 3,525 shares, Grace Kennedy lost $1 to close at $57 with 158,158 shares crossing the exchange, Jamaica Broilers Group lost $2 to settle at $25 in trading 15,205 units. Jamaica Stock Exchange jumped 39 cents to settle at $21.89 with investors switching ownership of 6,025 stock units, JMMB Group rose 40 cents in closing at $31.10 with 874,837 units passing through the market, Mayberry Investments shed 48 cents after closing at $5.32 trading 85,491 stock units. MPC Caribbean Clean Energy jumped $11 to end at $171 as 117 shares cleared the market, NCB Financial Group fell 99 cents to end at $139 with 120,380 units changing hands, PanJam Investment increased by $1.90 to settle at $70 trading 1,646,674 stock units. Portland JSX declined by 99 cents in closing at $8 and exchanging 46,312 shares, Scotia Group gained $1.48 to close at $44.48 after trading 4,300 stock units, Seprod dropped $1 to end at $52 with an exchange of 242,788 shares and Sygnus Credit Investments fell 43 cents to close at $15.87 in an exchange of 8,366 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Proven dominates US$ trades
The Jamaica Stock Exchange, US dollar Market, enjoyed increased volume on Wednesday with Proven Investments dominating trading with 3.74 million shares with a value of US$853,024, after just four securities changed hands.
Trading closed with the US market Index losing 1.68 points to end at 184.35 and the average PE Ratio of the market ending at 12.6 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with no prices rising, while the prices of two declined and two were unchanged.
The market closed with an exchange of 3,756,338 shares, accounting for $854,239 compared to 245,055 units at $31,042 on Tuesday.
An average of 939,085 units traded at $213,560, in contrast to an average of 61,264 at $7,761 at the close on Tuesday. An average of 153,426 units changed hands for the month to date at $22,054 in contrast to 85,108 units at $5,401. June closed with an average of 281,680 shares at US$46,787.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital Investment declined 1 cent ending at 9 US cents with an exchange of 4,100 stock units, Proven Investments traded 3,740,978 shares to close at 23 US cents. Sygnus Credit Investments declined by 1 cent ending at 15 US cents while exchanging 5,260 shares and Transjamaica Highway, with an exchange of 6,000 shares at 0.94 US cents.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Prices jump on TTSE on Wednesday
Trading on the Trinidad and Tobago Stock Exchange ended with a major turnaround in gains and losses on Wednesday with 15 securities changing hands leading to the prices of eight stocks rising, one declining leaving six unchanged, compared to 13 stocks trading on Tuesday, with just two rising and 7 falling.
Trading closed with 55,143 shares valued at $958,614 passing through the market compared to 201,907 shares for $1,854,729 on Tuesday from 13 securities.
The T&T Composite Index advanced by 6.33 points to 1,318.17, The All T&T Index climbed 10.58 points to 1,780.22, while the Cross Listed Index gained 0.27 points to close at 115.67.
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.
Gainers│ Clico Investments added 20 cents, rising to $24.95 with an exchange of 5,523 stock units, First Citizens Bank climbed $2.78 to $48.50, in transferring 7,340 stock units, Guarding Holdings closed with a gain of 1 cent trading 104 units to finish at $19.61. JMMB Group picked up 5 cents to settle at $1.95, with 7,000 stock units crossing the market, One Caribbean Media rose 25 cents $5.50, after exchanging 10,000 shares, Scotiabank gained 8 cents to end at $54.75, with 30 units changing hands. Trinidad and Tobago NGL rose 3 cents to close at $16.56 after the transferring of 1,829 units and West Indian Tobacco gained 19 cents trading 50 units, in ending the day’s trade at $34.60.
Losers│ Point Lisas shed 25 cents trading 1,348 units and closed at a 52 weeks’ low of $3.
Firm Trades│ Ansa McAL closed at $50 with trades of 1,000 units, Grace Kennedy shareholders transferred 1,400 units at $3.40, Massy Holdings was unchanged at $58, after trading 2,952 stock units, National Enterprises closed with an exchange of 1,600 units at $4.75. NCB Financial ended at $7.87, with 14,872 shares crossing the market and Republic Financial Holdings traded 95 units at $139.47.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Easy going for JSE US$ market
Trading on the Jamaica Stock Exchange US dollar market continued to be low-keyed with only four securities trading similar to Monday, to end with four securities changing hands with the price of one rising, one declining and two remaining unchanged.
At the close of the JSE US dollar market, the index increased 0.18 points to close at 186.03 and the average PE Ratio of the Market ending at 12.9 based on IC Insider.com’s forecast of 2020-21 earnings.
Investors exchanged 245,055 shares for $31,042 compared to 139,745 units at $10,734 on Monday. The average trade for the day ended at 61,264 units at $7,761 in contrast to an average of 34,936 at $2,684 on Monday. An average of 85,108 units at $5,401 traded for the month to date, in contrast to 87,379 units at $5,176. The average for June was 281,680 shares at US$46,787.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, JMMB Group 5.75% preference share shed 2 cents to settle at US$2.30 with 15 units crossing the exchange, Proven Investments traded 83,640 shares at 23 US cents. Sygnus Credit Investments advanced by 1 cent to close at 16 US cents with an exchange of 71,400 shares and Transjamaica Highway traded 90,000 shares at 0.94 US cents.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Winners are scarce on TTSE
Falling stocks had the better of advancing ones on the Trinidad and Tobago Stock Exchange on Tuesday, leading to declines in the market indices as the number of securities trading fell from Monday’s levels.
The market closed with thirteen securities trading, down from 15 securities on Monday and ended with the prices of two advancing, seven declining and four ending unchanged. Investors exchanged 201,907 shares at $1,854,729, compared to 130,903 shares for $2,811,418 on Monday.
The T&T Composite Index declined by 6.47 points to 1,311.84, the All T&T Index dropped 10.37 points to 1,769.64, while the Cross Listed Index lost 0.34 points to close at 115.40.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and two with lower offers.
Gainers│ Clico Investments rose 17 cents trading 8,656 stock units to end at $24.75 and Guardian Holdings finished at $19.60, with gains of 10 cents while transferring 15 units.
Losers│ First Citizens Bank dropped $2.78 to $45.72, after exchanging 2,401 units, JMMB Group lost 5 cents, in the transferring of 31,313 shares, NCB Financial was down 1 cent, trading 100,020 shares and closed at $7.87. Republic Financial Holdings lost 1 cent to end at $139.47, with an exchange of 3,005 stock units, Scotiabank closed 8 cents lower at $54.67, with investors transferring 107 units. Trinidad and Tobago NGL declined to $16.53, with a loss of $1.46 in trading 8,803 stock units and West Indian Tobacco shed 24 cents to settle at $34.41, after exchanging 73 units.
Firm Traders│ Agostini’s traded 20 units at $24.50, Massy Holdings exchanged 8 units at $58, National Flour closed at $1.80, with a transfer of 27,337 shares and Point Lisas finished at $3.25, after an exchange of 20,149 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE US$ market slips on Monday
The JSE US dollar market closed on Monday with moderate trading with prices falling, leading to a reduction in the US dollar market Index slipping 2.99 points to close at 185.85.
Trading ended on Monday with four securities changing hands, the same that traded on Friday. At the close, there was no stock ended with an increase in prices, while the prices of two declined and the prices of two closed unchanged. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 139,745 shares at $10,734 compared to 99,240 units for $21,765 on Friday.
The average trade for the day ended at 34,936 units at $2,684, in contrast to an average of 24,810 valued at $5,441 on Friday. Each security traded an average of 83,683 shares for the month to date, amounting to US$5,438 units, in contrast to 88,814 units at $5,438. June ended with an average of 281,680 units changing hands at $46,787 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Margaritaville traded 68 shares to settle at 16 US cents, Proven Investments close at 23 US cents with an exchange of 41,547 shares. Sterling Investments declined by three-tenths of a cent to settle at 2 US cents with an exchange of 23,130 units and Transjamaica Highway dropped by one-tenth of a cent to 0.94 US cents, exchanging 75,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.