Trading closed sharply higher on the Junior Market of the Jamaica Stock Exchange Wednesday, with a 4,359 percent surge in the volume of stocks traded and the value jumping 2,415 percent more than on Tuesday after trading in 42 securities compared with 45 on Tuesday and ended with 10 rising, 21 declining and 11 closing unchanged.
Investors exchanged 272,054,087 shares for $419,217,066 compared to 6,101,272 units at $16,671,644 on Tuesday.
Trading averaged 6,477,478 shares at $9,981,359 compared to 135,584 units at $370,481 on Tuesday with the month to date, averaging 732,972 units at $1,333,194 up from 199,190 stock units at $529,604 on Tuesday the previous day. February averaged 318,024 units at $782,332.
JFP Ltd led trading with 261.41 million shares for 96.1 percent of total volume followed by tTech with 5 million units for 1.8 percent of the day’s trade and Caribbean Assurance Brokers with 948,138 units for 0.3 percent market share.
At the close, the Junior Market Index dropped 55.99 points to close at 3,741.68,, the lowest point since the ending of January 2022.
The PE Ratio, a measure of computing appropriate stock values, averages 11.3. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial lost 13 cents in closing at $22.12 in an exchange of 1,885 shares, AMG Packaging popped 36 cents in ending at $2.94, with 1,127 units crossing the market, Cargo Handlers dipped 89 cents to $14.11 and closed with 8 stock units changing hands. Caribbean Assurance Brokers fell 15 cents to close at $1.90 after an exchange of 948,138 stocks, Caribbean Cream declined 20 cents to $3.50 after an exchange of 200,000 stocks, Consolidated Bakeries dropped 9 cents to $2 with the swapping of 26,653 stock units. Dolla Financial shed 20 cents to close at $2.70 with a transfer of 369,259 units, Dolphin Cove shed 36 cents in closing at $14.16 in an exchange of 39,713 shares, Express Catering fell 30 cents to end at $5.10 after a transfer of 9,461 units. Fontana lost 15 cents at $8.25 in switching ownership of 37,317 stocks, Future Energy Source dipped 14 cents to $4.17 as 79,996 shares passed through the market, GWest Corporation declined 13 cents in closing at 96 cents with an exchange of 263 stock units. ISP Finance dropped $5.66 to close at $20 as investors exchanged 784 units, Knutsford Express advanced 13 cents to $9.15, with 21,743 stock units clearing the market, Main Event 20 cents to end at $11.80 after trading 36,428 shares. MFS Capital Partners lost 12 cents to end at $3.51 in trading 255,734 stocks, Paramount Trading climbed 16 cents in ending at $2.34 with an exchange of 142 shares, Stationery and Office Supplies fell 29 cents to $14.21 while exchanging 30,289 stocks and tTech gained 23 cents to close at $2.53 with investors transferring 5,000,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More decline for Trinidad Exchange stocks
Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 41 percent with the value 163 percent more than on Tuesday resulting in 17 securities trading compared with 19 on Tuesday, with five stocks rising, eight declining and four remaining unchanged.
Investors exchanged 210,273 shares for $7,118,445 compared with 149,510 stock units at $2,710,520 on Tuesday. An average of 12,369 units were traded at $418,732 compared with 7,869 shares at $142,659 on Tuesday, with trading month to date averaging 28,720 shares at $262,991 versus 30,167 units at $249,203 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index fell 0.30 points to 1,334.92, the All T&T Index shed 0.13 points to settle at 1,984.45, the SME Index remained unchanged at 61.52 and the Cross-Listed Index dropped 0.07 points to close at 89.56.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s declined $1.49 to $58.50 in an exchange of 10,500 shares, Angostura Holdings gained 60 cents after ending at $24.50 and closed with 228 stocks changing hands, Ansa McAl ended at $50.81 in switching ownership of 2,000 units. First Citizens Group fell 19 cents to close at $50.11 with the swapping of 158 stock units, FirstCaribbean International Bank rallied 10 cents to end at $7.15 while exchanging 2,500 stocks, GraceKennedy remained at $4.74 in trading 10,503 shares. Guardian Holdings shed 1 cent to end at $25.06 after a transfer of 9,564 stock units, JMMB Group dipped 14 cents in closing at $1.71 after an exchange of 43,500 units, Massy Holdings lost 1 cent in ending at $4.49 as investors exchanged 15,455 stocks. National Enterprises rose 2 cents to $3.73 with 52,000 stock units clearing the market, NCB Financial dropped 1 cent to $4.09 after an exchange of 725 shares, Point Lisas remained at $3.60 in an exchange of 1,493 units. Prestige Holdings ended at $7.50 after 160 stocks passed through the market, Republic Financial advanced $1 to close at $138 with a transfer of 38,051 units, Trinidad & Tobago NGL shed 4 cents to end at $20.70, with 21,993 stock units crossing the market. Unilever Caribbean popped 30 cents to $14.80 with 970 shares crossing the market and West Indian Tobacco lost 25 cents to close at $18.25 with an exchange of 473 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp rebound for JSE USD Market
The volume of stocks changing hands declined by 48 percent with a 65 percent higher value than on Monday on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in trading eight securities, compared to 11 on Monday with five rising, one declining and two ending unchanged.
Overall, 45,731 shares were traded for US$80,169 compared with 88,737 units at US$48,455 on Monday.
Trading averaged 5,716 shares at US$10,021 versus 8,067 units at US$4,405 on Monday, with a month to date average of 8,596 shares at US$3,377 compared with 8,935 units at US$2,596 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index jumped 33.43 points to end at 221.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.49 of a cent to 6.99 US cents, with 5 shares crossing the market, MPC Caribbean Clean Energy lost 3.17 cents in closing at 66.6 US cents with a transfer of 16 units, Productive Business Solutions gained 45.8 cents to end at US$1.75 in an exchange of 15 stock units. Proven Investments popped 0.49 of a cent in ending at 18.99 US cents with investors transferring 150 stocks and Sterling Investments climbed 0.3 of a cent to close at 2 US cents in switching ownership of 750 stock units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.64 trading 5 stocks. JMMB Group 5.75% ended at US$2 as investors exchanged 34,790 shares and JMMB Group 6% advanced 5 cents to end at US$1.05 with an exchange of 10,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Positive trading for Trinidad market
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with a 40 percent fall in the volume of stocks traded, with a 39 percent jump in value compared with Monday resulting from trading in 19 securities compared with 19 on Monday, an ending with prices of eight rising, five declining and six remaining unchanged.
Investors traded 149,510 shares for $2,710,520 compared with 248,812 stock units at $1,943,274 on Monday. An average of 7,869 units were traded at $142,659 compared to 13,095 shares at $102,278 on Monday, with trading month to date averaging 30,167 shares at $249,203 versus 32,616 units at $260,905 on the previous day. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index gained 0.76 points to 1,335.22, the All T&T Index popped 2.99 points to 1,984.58, the SME Index remained at 61.52 and the Cross-Listed Index dipped 0.23 points to close at 89.63.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings dropped 10 cents to end at $23.90 in an exchange of 31 shares, Calypso Macro Investment Fund remained at $21.50 after a transfer of 20 stock units, First Citizens Group popped 19 cents in ending at $50.30 as investors exchanged 626 units. FirstCaribbean International Bank rose 5 cents to $7.05 in exchanging 367 stocks, GraceKennedy ended at $4.74 in swapping 23,244 units, Guardian Holdings gained 1 cent to $25.07 after trading 950 shares. JMMB Group dipped 4 cents in ending at $1.85, with 1,259 stocks crossing the exchange, L.J. Williams B share climbed 2 cents in closing at $2.75 with a transfer of 14,000 stock units, Massy Holdings lost 10 cents to end at $4.50 after exchanging 56,585 units. National Enterprises rallied 1 cent to close at $3.71 with investors transferring 3,862 shares, NCB Financial ended at $4.10 with an exchange of 483 stocks, One Caribbean Media advanced 2 cents in closing at $3.52 in switching ownership of 6,700 stock units. Point Lisas increased 2 cents to $3.60 in trading 332 units, Prestige Holdings climbed 10 cents to 7.50 after an exchange of 830 stock units, Republic Financial fell 69 cents to $137 in an exchange of 5,636 shares. Scotiabank remained at $78.39, with 12,513 stocks crossing the market, Trinidad & Tobago NGL ended at $20.74 while exchanging 16,112 stock units, Unilever Caribbean shed 30 cents to close at $14.50, with 340 shares passing through the market and West Indian Tobacco remained at $18.50, with 5,620 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.