Trading remained at recent low levels at the close of the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining 19 percent and the value 7 percent lower than the already puny level on Wednesday, with trading in 55 securities compared to 57 on Wednesday, with prices of 19 rising, 18 declining and 18 ending unchanged.
A total of 10,510,147 shares were traded for $39,934,059 compared to 12,992,157 units at $42,746,105 on Wednesday.
Trading averaged 191,094 shares at $726,074 compared with 227,933 shares at $749,932 on Wednesday and month to date, an average of 228,878 units at $967,239, compared with 241,174 units at $1,045,725 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway headed trading with 3.96 million shares for 37.7 percent of the total volume followed by Sagicor Select Financial Fund with 1.69 million units for 16.1 percent of the day’s trade, Wigton Windfarm ended with 1.68 million units for 16 percent market share and QWI Investments with 1.32 million units for 12.6 percent of day’s volume.
The All Jamaican Composite Index climbed 1,349.36 points to conclude trading at 370,515.63, the JSE Main Index increased 1,175.40 points to 331,393.01 and the JSE Financial Index rallied 0.17 points to close at 76.47.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement dropped 94 cents in closing at $59 with investors transferring 2,463 shares, Eppley rallied $4.98 to $37.49 as investors exchanged 86 stock units, First Rock Real Estate gained, with $1.11 to end at $11.85 with an exchange of 42 units, Jamaica Stock Exchange rose 46 cents to close at $13.51 with investors exchanging of 371 stocks, JMMB Group climbed $2.49 after ending at $31.49, with 9,256 stock units changing hands, Kingston Wharves advanced 61 cents to $31.15 w ith investors exchanging 150,000 units, Mayberry Investments declined 40 cents to close at $7.60 in switching ownership of 17,378 stocks, Proven Investments fell 60 cents in closing at $26 after 4,792 shares crossed the market, Sagicor Group increased by $1 after in ending at $48, with 10,735 stocks crossing the market, Seprod popped 99 cents to end at $68 after trading 27,037 units, Sterling Investments advanced 42 cents to $2.96 as 88,527 shares passed through the market, Supreme Ventures dipped 50 cents to close at $26.50 in trading 107,575 stock units, Sygnus Credit Investments increased 40 cents in closing at $12 after an exchange of 10,840 stock units and Sygnus Real Estate Finance rallied $1.50 to $13.13 after a transfer of 227 stocks.
In the preference segment, Jamaica Public Service 7% lost $14.30 to end at $69.70 after exchanging 87 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 193 percent but valued 17 percent lower than on Wednesday and resulted in trading of nine securities, compared to six on Wednesday, with four rising, three declining and two ending unchanged.
A total of 694,591 shares were traded for US$29,863 compared with 236,678 units at US$35,767 on Wednesday.
Trading averaged 77,177 units at US$3,318 compared with 39,446 shares at US$5,961 on Wednesday, with the month to date averaging 74,634 shares at US$3,440 compared to 73,490 units at US$3,495 on the previous day. trading in March averaged 172,829 units for US$12,793.
The US Denominated Equities Index rallied 9.57 points to 219.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.01 of a cent to 6.38 US cents, with 431,901 shares crossing the market, Margaritaville lost 1.72 cents to close at 9.76 US cents as investors exchanged 2 units, MPC Caribbean Clean Energy remained at 69.77 US cents and closed trading with 140 stocks changing hands, Productive Business Solutions declined 6.87 cents to US$1.6613, with an exchange of 25 stock units, Proven Investments dipped 0.5 of a cent to 19 US cents after trading 61 units, Sygnus Credit Investments ended at 9.44 US cents in switching ownership of 161 shares, Sygnus Real Estate Finance USD share gained 0.18 of one cent to close at 7.18 US cents with one unit passing through the market and Transjamaican Highway added 0.01 of a cent in closing at 1.01 US cents, with 262,275 stocks clearing the market.
In the preference segment, Productive Business 9.25% preference share climbed 50 cents to US$13 after an exchange of 25 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad Stock Exchange
The value of stocks trading surged 702 percent more than on Wednesday on the Trinidad and Tobago Stock Exchange, ahead of the long break for the Easter holidays, with the volume traded rising 310 percent, resulting in the trading of 22 securities compared with 18 on Wednesday, with seven stocks rising, 11 declining and four remaining unchanged.
Investors exchanged 379,106 shares for $17,979,303 versus 92,529 stock units at $2,243,065 on Wednesday. An average of 17,232 shares were traded at $817,241 compared with 5,141 stock units at $124,615 on Wednesday, with trading month to date averaging 16,961 shares at $363,624, up from 16,862 units at $197,302 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index declined 4.87 points to 1,304.96, the All T&T Index shed 2.48 points to end at 1,966.84, the SME Index advanced 0.10 points to finish at 61.16 and the Cross-Listed Index fell 1.04 points to 83.51.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Angostura Holdings climbed 36 cents to $24.41 in switching ownership of 1,250 shares, Ansa McAl advanced 1 cent in closing at $50.81 with a transfer of 300 units, Calypso Macro Investment Fund increased 1 cent to $20.78 after closing with an exchange of 501 stock units. Endeavour Holdings rose 2 cents to end at $11.02 with the swapping of 380 stocks, First Citizens Group dipped 1 cent to $50 after exchanging 2,114 shares, FirstCaribbean International Bank rallied 1 cent to $7.25 with investors transferring 32 stocks, GraceKennedy declined 45 cents to close at $4 in an exchange of 30,613 stock units. Guardian Holdings remained at $25.05 while swapping 1,684 units, JMMB Group lost 4 cents to end at a 52 weeks’ low of $1.65 as investors traded 26,147 shares, Massy Holdings ended at $4.56 after an exchange of 126,278 stocks, National Enterprises dipped 1 cent in closing at $3.59, with 1,982 units crossing the exchange. National Flour Mills shed 10 cents to end at $1.30 as 525 stock units passed through the market, NCB Financial popped 4 cents to $3.55 after 2,000 stocks passed through the market, One Caribbean Media fell 1 cent to $3.82, with 6,350 units changing hands, Point Lisas gained 4 cents after ending at a 52 weeks’ high of $3.84 in trading 358 shares. Prestige Holdings finished at $7.49 after a transfer of 1,769 stock units, Republic Financial ended trading at $138, with 116,528 units crossing the market, Scotiabank dipped 10 cents to $77.75 with 1,533 shares passing through the market, Trinidad & Tobago NGL shed 2 cents after ending at $19.98 with an exchange of 1,352 stock units. Trinidad Cement lost 2 cents to close at $3.51 in an exchange of 13,030 stocks, Unilever Caribbean dipped 4 cents in closing at $15.75 trading 43,890 stocks and West Indian Tobacco declined 50 cents to close at a 52 weeks’ low of $16 closed at 490 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad Exchange
Trading activity dropped on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded falling 84 percent and the value sliding 65 percent compared to Tuesday, resulting in the trading of 18 securities compared with 22 on Tuesday, with prices of five stocks rising, two declining and 11 remaining unchanged.
Investors exchanged 92,529 shares for $2,243,065 down from 572,971 stock units at $6,448,918 on Tuesday. An average of 5,141 units were traded at $124.615 compared with 26,044 shares at $293,133 on Tuesday, with trading month to date averaging 16,862 valued at $197,293 compared with 21,885 shares at $228,451 on the previous day compared to the average trade for March of 23,611 shares at $241,670.
The Composite Index dipped 0.01 points to 1,309.83, the All T&T Index slipped 0.02 points to 1,969.32, the SME Index closed at 61.06 and the Cross-Listed Index at 84.55.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Citizens Group closed at $50.01, with 2,599 shares changing hands, FirstCaribbean International Bank traded 275 shares at $7.24, Guardian Holdings close at $25.05 with the swapping of 500 stock units, Guardian Media ended at $2.30 as investors exchanged 100 units, JMMB Group closed at $1.69 after an exchange of 2,047 stocks. L.J. Williams B share ended with an exchange of 3,000 shares at $2.75, Massy Holdings rose 1 cent and ended at $4.56 in switching ownership of 7,982 stock units, National Enterprises ended trading at $3.60 after 17,509 units changed hands. National Flour Mills ended trading of 2,513 stocks at $1.40, One Caribbean Media inched 1 cent higher to $3.83 after trading 5,000 units. Prestige Holdings added 9 cents to end at $7.49 after a transfer of 22,295 shares, Points Lisas ended with an increase of 20 cents to $3.80 after an exchange of 200 shares, Republic Financial remained at $138 in an exchange of 11,399 units, Scotiabank saw an exchange of 245 stocks at $77.85. Trinidad & Tobago NGL closed at $20, with 87 shares clearing the market, Trinidad Cement ended trading at $3.53 while exchanging 5,470 stock units, Unilever Caribbean rallied 99 cents to $15.79, with 1,435 stocks crossing the market and West Indian Tobacco dropped 30 cents to $16.50 in exchanging 9,873 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 22 percent valued 89 percent more than on Tuesday, resulting in trading of six securities, compared to six on Tuesday with four rising, no declining and two ending unchanged.
A total of 236,678 shares were exchanged for US$35,767 compared with 303,705 units at US$18,904 on Tuesday.
Trading averaged 39,446 shares at US$5,961 compared with 50,618 units at US$3,151 on Tuesday, with a month to date average of 73,490 shares at US$3,495 compared with 88,080 units at US$2,438 on the previous day. March ended with an average of 172,829 units for US$12,793.
The JSE US Denominated Equities Index inched 0.44 points higher to close at 210.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices than last selling prices and one with a lower offer.
At the close, Margaritaville gained 2.13 cents in closing at 11.48 US cents with investors exchanging 152 shares, Productive Business Solutions advanced 19.55 cents to close at US$1.73, with 2,202 units crossing the market, Proven Investments rose 1.5 cents to 19.5 US cents with an exchange of 167,094 stock units. Sygnus Credit Investments remained at 9.44 US cents with investors transferring 50 stocks and Transjamaican Highway ended at 1 US cent with a transfer of 67,070 units.
In the preference segment, JMMB Group 5.75% climbed 27.67 cents in closing at US$2.1212 in an exchange of 110 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall back for JSE USD Market
Trading dropped on Tuesday with the volume of stocks changing hands declining 67 percent with a 24 percent greater value than on Monday at the close of the Jamaica Stock Exchange US dollar market and resulted in the trading of six securities, compared to eight on Monday with no rising, five declining and one ending unchanged.
Overall, 303,705 shares were traded for US$18,904 compared with 929,408 units at US$15,231 on Monday.
Trading averaged 50,618 units at US$3,151 compared to 116,176 shares at US$1,904 on Monday, with a month to date average of 88,080 shares at US$2,438. March ended with an average of 172,829 units for US$12,793.
The JSE USD Equities Index lost 19.77 points to end at 209.90.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, Margaritaville dropped 1.65 cents in closing at 9.35 US cents, with 1,122 shares changing hands, Productive Business Solutions declined by 26.55 cents after ending at US$1.5345 with the swapping of 445 stocks, Proven Investments ended at 18 US cents while exchanging 87,301 units. Sterling Investments dipped 0.01 of a cent to 1.99 US cents in an exchange of 1,299 stock units and Transjamaican Highway shed 0.1 of a cent to 1 US cent, with 213,428 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% lost 32.55 cents to close at US$1.8445, with 110 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.