Stocks mostly rose on the Jamaica Stock Exchange US dollar market on Wednesday, after a 43 percent decline in the volume of stocks exchanged with a 35 percent lower value than on Tuesday, resulting in trading in four securities, compared to eight on Tuesday with prices of three rising, none declining and one ending unchanged.
The market closed with an exchange of 105,065 shares for US$5,087 compared to 184,675 units at US$7,820 on Tuesday.
Trading averaged 26,266 units at US$1,272 versus 23,084 shares at US$978 on Tuesday, with a month to date average of 43,481 shares at US$2,407 compared with 44,320 units at US$2,462 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index gained 0.88 points to culminate at 219.86.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, MPC Caribbean Clean Energy rallied 3 cents to end at 64 US cents with an exchange of 10 units, Proven Investments remained at 13 US cents with 27,774 stocks crossing the market, Sterling Investments rose 0.13 of a cent to finish at 1.59 US cents as investors exchanged 999 shares and Transjamaican Highway popped 0.05 of a cent and ended at 2 US cents with a transfer of 76,282 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominant on JSE USD Market
Stocks fall on JSEUSD Market
US dollar denominated stocks traded lower on the Jamaica Stock Exchange on Tuesday, with a 65 percent decline in the volume of stocks exchanged with 42 percent less value than on Monday, resulting from trading in eight securities, compared to seven on Monday with prices of two rising, four declining and two ending unchanged.
The market closed with an exchange of 184,675 shares for US$7,820 compared to 533,385 units at US$13,379 on Monday.
Trading averaged 23,084 units at US$978 compared with 76,198 shares at US$1,911 on Monday, with a month to date average of 44,320 shares at US$2,462 compared to 46,616 units at US$2,623 on the previous day and May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.93 points to conclude trading at 218.98.
The PE Ratio, a measure used in computing appropriate stock values, averages eight. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, AS Bryden ended at 22 US cents, with 17,673 stocks changing hands, First Rock Real Estate USD share dipped 0.22 of one cent in closing at 4.5 US cents with an exchange of 264 units, Margaritaville advanced 1 cent to 9 US cents after 2,015 shares passed through the market.
Proven Investments remained at 13 US cents with investors trading 1,993 stock units, Sterling Investments fell 0.14 of a cent to 1.46 US cents with trading of 11,000 shares and Transjamaican Highway slipped 0.05 of a cent to close at 1.95 US cents in trading 151,584 stock units.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent to US$1.27, with 130 stocks crossing the market and Sygnus Credit Investments E8.5% sank 90 cent to finish at US$10.10 with a transfer of 16 units.
Prices of securities trading are those for the last transaction of each stock unless
Trading surge on Trinidad Exchange
Stocks attracted more funds into the Trinidad and Tobago Stock Exchange on Tuesday, with a solid 488 percent jump in the volume of stocks traded with a 326 percent greater value than on Monday, resulting in 22 securities trading well up on the 13 traded on Monday and ending with prices of 10 stocks rising, seven declining and five ended firm.
Trading resulted in 261,840 shares valued at $3,160,806 changing hands compared to 44,545 stock units at $741,392 on Monday.
An average of 11,902 shares were traded at $143,673 well over the 3,427 stock units at $57,030 on Monday, with trading month to date averaging 8,030 shares at $103,424 compared with 7,597 units at $98,929 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index rallied 2.78 points to 1,128.93, the All T&T Index increased 2.57 points to finish at 1,686.04, the SME Index remained unchanged at 86.99 and the Cross-Listed Index advanced 0.42 points to 74.58.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading, Agostini’s advanced 1 cent to $68.25 trading 358 stocks, Angostura Holdings slipped 15 cents in closing at $18 with investors dealing in 1,055 units, Ansa McAl sank 21 cents to end at $62.29 with 316 shares crossing the exchange.
Ansa Merchant Bank ended at $41.50 with investors swapping 144 stocks, First Citizens Group rose 5 cents to close at $42.25 after investors traded 2,105 shares, FirstCaribbean International Bank rallied 13 cents to $6.94 as investors traded 4,645 stocks. GraceKennedy ended at $3.56 with a transfer of 15,471 units, Guardian Holdings ended at $15.69 and closed after an exchange of 24,815 stock units, JMMB Group shed 2 cents to close at $1.23 with 101,700 shares crossing the market. Massy Holdings ended at $4.06 with an exchange of 22,530 stocks, National Enterprises popped 4 cents to finish at $3.35, with 30,027 units crossing the market, National Flour Mills declined 10 cents to end at $2.05 in an exchange of 12,500 stock units. NCB Financial climbed 5 cents to $3.15 with traders dealing in 6,000 shares, One Caribbean Media increased 1 cent to close at $3.68 in switching ownership of 7,105 stock units, Point Lisas rallied 14 cents to finish at $3.40 with investors transferring 2 stocks.
Prestige Holdings fell 5 cents and ended at $12.95 with investors exchanging 788 units, Republic Financial popped $1.01 in closing at $110 in trading 12,006 shares, Scotiabank slipped 1 cent to end at $65.99 after 11,061 units passed through the market. Trinidad & Tobago NGL lost 7 cents in closing at a 52 weeks’ low of $6.93 after an exchange of 3,884 stocks, Trinidad Cement advanced 31 cents to $2.90 with 1,000 stock units clearing the market, Unilever Caribbean rose 1 cent to end at $11.16 in an exchange of 4,128 shares and West Indian Tobacco ended at $10 with investors trading 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Low trading activity in Trinidad
Rising stocks edged out those declining at the close of the Trinidad and Tobago Stock Exchange on Monday, in a low keyed trading session with the volume and value of of stocks traded marginally different than those traded on Friday resulting from 13 trading in securities as was the case as well on Friday and ending with prices of six rising, four declining and three ended firm and resulted in the main market indices rising.
The market closed with trading of 44,545 shares for $741,392 compared to 41,009 stock units at $775,444 on Friday.
An average of 3,427 shares were traded at $57,030 compared to 3,155 stock units at $59,650 on Friday, with trading month to date averaging 7,597 shares at $98,929 compared with 7,892 stock units at $101,889 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index advanced 1.15 points to 1,126.15, the All T&T Index rallied 3.83 points to close at 1,683.47, the SME Index remained unchanged at 86.99 and the Cross-Listed Index declined 0.24 points to wrap up trading at 74.16.
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, Ansa McAl slipped 50 cents to close at $62.50 after trading took place in 1,108 stocks, Ansa Merchant Bank ended at $41.50 with investors trading 35 units, First Citizens Group popped 20 cents to $42.20 after an exchange of 743 shares. FirstCaribbean International Bank fell 9 cents in closing at $6.81 with investors swapping 10,090 stock units, GraceKennedy popped 1 cent higher to finish at $3.56 with an exchange of 1,444 shares, JMMB Group gained 4 cents and ended at $1.25, with 26 units changing hands. Massy Holdings fell 10 cents to $4.06 with investors dealing in 12,000 stock units,
National Enterprises rose 1 cent to close at $3.31 in an exchange of just 2 stock units, One Caribbean Media skidded 1 cent and ended at $3.67 with investors trading 12 shares. Republic Financial rose 99 cents in closing at $108.99 with 605 stock units changing hands, Scotiabank gained $1 and ended at $66 as investors exchanged 4,489 stocks, Unilever Caribbean ended at $11.15 with a transfer of 12,435 units and West Indian Tobacco ended at $10 after an exchange of 1,556 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended after an exchange of 4,424,054 stock units for $6,443,423 compared with 11,090,518 units at $30,348,119 on Tuesday.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
ISP Finance advanced $3.96 in closing at $24.96 in switching ownership of 17 shares. Jamaican Teas popped 13 cents to end at $2.34 with investors swapping 4,031 units, Knutsford Express dipped $1.11 to close at $9.50 after an exchange of 4,704 stock units, Limners and Bards increased 9 cents to finish at $1.54 with a transfer of 8,784 stock units. Lumber Depot climbed 10 cents and ended at $2.76 as investors exchanged 502 shares, Mailpac Group lost 8 cents to end at $2.02 after a transfer of 35,500 stocks and Main Event declined 49 cents to close at $12.50 with investors trading 25,529 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed on Tuesday with 6,821,943 shares being traded for $67,725,820 compared to 12,757,709 units at $210,277,244 on Monday.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Jamaica Broilers rose $1 to end at $33, after 4,119 stock units passed through the market, Jamaica Stock Exchange shed $1.12 in closing at $9.58 with an exchange of 59,135 stocks, JMMB Group dropped 40 cents to close at $24.10 with 98,605 units changing hands. Kingston Wharves declined $1.99 to $24.01 as investors exchanged 4,612 stocks, Lasco Manufacturing slipped 67 cents in closing at $6.27, with 112,085 units crossing the market, Margaritaville climbed $1.67 and ended at $16.22 with investors swapping 1,000 shares. Massy Holdings lost $4.98 to finish at $80.02 with 10,592 stock units clearing the market, NCB Financial slipped $1.09 to close at $57.91 with investors dealing in 404,189 shares, Pan Jamaica fell $2.14 to end at $46.86 after an exchange of 34,040 stocks. Proven Investments gained 43 cents in closing at $20 with investors trading 304 units, Sagicor Group popped 50 cents to $41 in an exchange of 44,066 stock units, Sagicor Real Estate Fund dropped 52 cents to close at $7.51 with traders dealing in 183,621 shares.
Scotia Group shed $1.59 to end at $42.71 after a transfer of 12,278 units, Seprod declined $1 and ended at $78.50 in trading 2,800 stocks, Sygnus Credit Investments climbed 64 cents to finish at $11.24 after an exchange of 1,461,969 stock units and Sygnus Real Estate Finance sank 94 cents and ended at $9.51 in trading 7,223 shares,
The market closed with trading of 11,090,518 shares for $30,348,119 up from 5,211,203 units at $10,701,171 on Monday. Express Catering led trading with 6.03 million shares for 54.3 percent of total volume followed by Omni Industries with 2.78 million units for 25.1 percent of the day’s trade and Dolla Financial with 525,516 stock units for 4.7 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Express Catering lost 32 cents to end at $4.50 with an exchange of 6,026,033 units. Honey Bun slipped 35 cents in closing at $8 in trading of 20,127 stocks, Indies Pharma fell 9 cents to $2.55 after an exchange of 25,770 stock units, JFP Ltd shed 7 cents to end at $1.10 with a transfer of 415,903 shares. Knutsford Express declined 86 cents to close at $10.61 as investors exchanged 1,000 units, Limners and Bards dropped 24 cents and ended at $1.45 after closing with an exchange of 38,042 stocks, Main Event gained 49 cents to finish at $12.99 with traders dealing in 365 stock units. Medical Disposables shed 30 cents and ended at $2.20 in an exchange of 4,488 shares and Omni Industries fell 11 cents to $1.10 with investors trading 2,783,969 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The volume of Main Market stocks traded in May was 55 percent more than in 2023 with the value rising by 67 percent. March was the only month when the value of stocks was lower than in 2023, even as the total volume traded was more than twice the 2023 volume.
Trading closed with with an exchange of 12,757,709 shares at $210,277,244 compared to 19,405,288 stock units at $149,548,238 on Friday.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
NCB Financial gained $1.35 to end at $59 in an exchange of 3,042,477 stocks, Proven Investments popped 96 cents to close at $19.57 crossing the market 56,275 stock units. Sagicor Group gained 50 cents to $40.50 with investors swapping 10,212 shares, Scotia Group rose 84 cents to end at $44.30 crossing the exchange 39,530 units, Seprod fell 49 cents in closing at $79.50 in trading 9,063 stocks. Stanley Motta declined 88 cents to finish at $6.11 closed at 100 stock units, Supreme Ventures advanced 33 cents and ended at $22.85 as investors exchanged 13,377 shares and Sygnus Credit Investments increased 31 cents to close at $10.60 trading 9,477 units.
In the preference segment, Eppley 7.50% preference share shed $1.49 to $5.50 in an exchange of 576 stocks, Jamaica Public Service 7% climbed $3 to end at $48 with traders dealing in 5 stock units, JMMB Group 7.15% – 2028 dropped 48 cents in closing at $2.60, with 66,080 shares changing hands. Productive Business Solutions 10.5% preference share slipped $99.99 to close at $1100 with investors transferring 10 units and Sygnus Credit Investments C10.5% rallied $12.55 and ended at $108 with investors dealing in 1,000 stocks.
Trading ended with 5,211,203 shares for $10,701,171 down from 5,633,135 units at $10,782,635 on Friday.
with earnings projected by ICInsider.com for the financial years ending around August 2025.
ISP Finance climbed 25 cents to end at $21 with traders dealing in 499 shares, Knutsford Express increased 16 cents in closing at $11.47 in an exchange of 1,913 stock units, Medical Disposables gained 20 cents in closing at $2.50 with investors trading just 9 units. The one week listed Omni Industries, popped 9 cents to $1.21, with investors trading 2,270,182 stocks, Stationery and Office Supplies shed 11 cents and ended at $1.59 with investors dealing in 15,036 units and tTech dipped 10 cents to end at $2.25, with 12,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.