Trading closed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded falling 52 percent and the value 44 per cent lower than Wednesday, leading to more stocks rising than falling at the close.
Market activity led to 41 securities trading compared to 44 on Wednesday and ended with 20 rising, 12 declining and nine closing unchanged. At the close, the Junior Market Index rallied 76.74 points to close at 4,104.09.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
Overall, 5,929,550 shares traded for $29,697,652, down from 12,355,521 units at $52,828,520 on the Wednesday. Future Energy Source led trading with 839,783 shares for 14.2 percent of total volume, followed by JFP Limited with 726,038 units for 12.2 percent of the day’s trade and EduFocal with 663,231 units for 11.2 percent market share.
Trading averaged 144,623 shares at $724,333, down from 280,807 shares at $1,200,648 on Wednesday with the month to date, averaging 406,842 units at $1,757,732 compared to 421,331 units at $1,814,834 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging gained 10 cents to end at $3.60 after exchanging 105,867 shares, Blue Power fell 25 cents in closing at $3.70 in trading 1,380 stock units, CAC 2000 advanced $1.08 to close at $7.40 with the swapping of 6,093 stocks. Cargo Handlers declined $1.70 to $10, with 4,508 units changing hands, Caribbean Cream popped 24 cents to $4.95 in exchanging 34,938 stock units, Derrimon Trading climbed 39 cents in closing at $3.19 after 59,319 stocks crossed the market. Dolphin Cove rose $1.96 to $18.28 with 102,441 shares changing hands, Elite Diagnostic rallied 59 cents to end at $3.80, with 35,361 units crossing the exchange, Fontana lost 10 cents to end at $9.80 trading 63,328 shares. Future Energy Source increased 11 cents to $6 after exchanging 839,783 stocks, Honey Bun climbed 50 cents to $9, trading 23,266 units, iCreate popped 49 cents to $3.59 in an exchange of 207,696 stock units. Jetcon Corporation dropped 11 cents to end at $1.32 with an exchange of 44,902 shares, KLE Group shed 21 cents to close at $2.40, with 2,077 units clearing the market, Knutsford Express dropped 10 cents in closing at $7.50 in switching ownership of 2,933 stocks. Lasco Financial shed 19 cents to close at $3.30 after exchanging 15,433 stock units, Lasco Manufacturing lost 14 cents to end at $5.11 after trading 16,182 units, Lumber Depot rallied 25 cents to $3.30 after exchanging 440,168 stocks. Paramount Trading fell 15 cents in closing at $1.75 after 14,620 shares changed hands, Spur Tree Spices rose 14 cents to end at $3.80 in switching ownership of 383,910 stock units, Stationery and Office Supplies advanced 35 cents to close at $11, with 32,258 stock units crossing the market and Tropical Battery increased 20 cents in closing at $2.70 with 647,164 units clearing the market.
In the preference segment, CAC 2000 9.5% preference share gained 10 cents to end at $1.10 after an exchange of 10,202 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad Exchange
Market activity ended on Thursday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 58 percent with a 12 percent lower value than on Wednesday.
A total of 14 securities traded compared to 20 on Wednesday, with two stocks rising, two declining and ten ending unchanged. The Composite Index advanced 2.72 points to 1,415.25, the All T&T Index increased 0.50 points to 2,060.69 and the Cross-Listed Index rallied 0.71 points to settle at 101.45.
Overall, 381,213 shares traded for $6,106,922, down from 903,191 units at $6,958,347 on Wednesday. An average of 27,230 units traded at $436,209 compared to 45,160 shares at $347,917 on Wednesday, with trading month to date averaging 50,540 units at $486,471 versus 51,548 units at $488,643. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended unchanged at $47.25 in trading 359 shares, Angostura Holdings remained at $22.90 after exchanging 4,511 stock units, Calypso Macro Investment Fund popped $1.98 to $20.50 with 11 stock units changing hands. Clico Investment Fund fell 20 cents to $28.80 in an exchange of 1,065 units, First Citizens Group finished at $53 after 3,381 units crossed the market, FirstCaribbean International Bank traded 2,395 stocks at $5.25. Guardian Holdings remained at $28 with an exchange of 2,479 stock units, JMMB Group rose 12 cents to end at $2.50, with 393 shares changing hands, Massy Holdings ended unchanged at $5.20 after exchanging 75,480 shares. Republic Financial Holdings shed 90 cents after ending at $140.10 in exchanging 100 stock units, Scotiabank remained at $78 in switching ownership of 1,326 units, Trinidad & Tobago NGL finished at $20.80 with the swapping of 10,422 stocks. Unilever Caribbean ended unchanged at $17.50 while exchanging 266,134 shares and West Indian Tobacco finished at $23.50, with 13,157 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest gains for JSE USD market
Trading close of the Jamaica Stock Exchange US dollar market on Wednesday, with a 59 percent decline in the volume of stocks traded and a 31 percent rise in the value compared to Tuesday, resulting in more stocks rising than falling.
A total of 10 securities traded, the same as Tuesday, with three rising, two declining and five ending unchanged. The JSE US Denominated Equities Index popped 0.09 points to end at 210.41.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending from September 2022 up to August 2023.
Overall, 585,815 shares traded, for US$99,060 compared to 1,415,498 units at US$75,783 on Tuesday. Trading averaged 58,582 units at US$9,906, compared to 141,550 shares at US$7,578 on Tuesday, with a month to date average of 50,649 shares at US$3,727 versus 50,121 units at US$3,315 the previous day. Tuesday. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ending with a higher bid than the last selling price and two stocks with lower offers.
At the close, First Rock Capital USD share ended unchanged at 7.94 US cents after trading 11 shares, Productive Business Solutions advanced 2 cents in closing at US$1 in exchanging 12 stock units, Proven Investments finished at 26 US cents, with 369,647 units crossing the exchange. Sterling Investments lost 0.09 of a cent to end at 2.05 US cents, with 19,700 stocks changing hands, Sygnus Credit Investments USD share popped 0.53 of one cent to 12.88 US cents trading 1,007 units, Sygnus Real Estate Finance USD share remained at 12.5 US cents while exchanging 600 stocks and Transjamaican Highway rose 0.02 of a cent to 1 US cent after trading 194,663 stock units.
In the preference segment, Equityline Mortgage Investment preference share finished at US$1.70 after trading of 115 shares, JMMB Group 5.75% declined 29.3 cents in closing at US$2.03 in an exchange of 58 stock units and JMMB Group 6% remained at US$1.10 with the swapping of two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
SSL Venture Ownership change
The majority shareholder of SSL Venture Capital Jamaica, switched this afternoon to MFS Acquisition Limited, an attorneys for the deal disclosed.
From all indications, Stocks and Securities were the only major seller with 69.08 percent of the shares. SSLVC traded on the Jamaica Stock Exchange at $1.80 on Wednesday, well up on the less than 10 cents the majority ownership was switched at.
This is the second time that the majority ownership in the company has shifted.
Trading picks up for Trinidad stocks
Market activity ended on Wednesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 57 percent and the value 38 percent lower than on Tuesday, resulting in 20 securities trading versus 18 on Tuesday, with nine rising, four declining and seven remaining unchanged.
The Composite Index increased 2.47 points to 1,412.53, the All T&T Index rose 6.52 points to end at 2,060.19 and the Cross-Listed Index dipped 0.26 points to settle at 100.74.
Overall, 903,191 shares were traded for $6,958,347 versus 2,119,273 units at $11,146,335 on Tuesday. An average of 45,160 units traded at $347,917, down from 117,737 shares at $619,241 on Tuesday, with trading month to date averaging 51,548 units at $488,643 versus 51,968 units at $497,901 on the previous day. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s finished at $47.25 in switching ownership of 85 shares, Angostura Holdings advanced 1 cent to close at $22.90 in an exchange of 14 stock units, Ansa McAl climbed $1.45 in ending at $57 after trading 2,139 stocks. CinemaOne rose 34 cents to $2.64 with the swapping of 5 units, Clico Investment Fund rallied 20 cents in closing at $29 after exchanging 31,616 stocks, Eppley Caribbean Property Fund shed 10 cents in ending at $1.60 after trading 9,983 stock units. First Citizens Group increased 90 cents to $53, with 4,222 shares crossing the exchange, FirstCaribbean International Bank remained at $5.25, with 12,042 units clearing the market, GraceKennedy popped 16 cents to close at $5.96 with an exchange of 100 stocks. Guardian Holdings rose 75 cents to end at $28, trading 36,368 units, JMMB Group fell 12 cents to end at $2.38 with 204 stock units changing hands, Massy Holdings ended at $5.20 after 748,453 shares crossed the market. National Enterprises ended at $3, with 22,960 units changing hands, One Caribbean Media finished at $4 in an exchange of three shares, Prestige Holdings lost 8 cents in ending at $7 after 14 stock units crossed the market. Republic Financial Holdings increased 99 cents to close at $141 while exchanging 908 stocks, Scotiabank gained $1 in ending at $78 after trading 166 stock units Trinidad & Tobago NGL ended unchanged at $20.80 in switching ownership of 14,261 stocks. Trinidad Cement dropped 10 cents in closing at $3.50 with the swapping of 10,000 shares and Unilever Caribbean ended unchanged at $17.50, with an exchange of 9,648 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losses no gains for JSE USD Market
Trading at the close of the Jamaica Stock Exchange US dollar market on Tuesday ended with the volume of stocks traded rising 154 percent with a 48 percent more value than on Friday, resulting in 10 securities trading, compared to eight on Friday with no rising, four declining and six left unchanged.
The JSE US Denominated Equities Index gained 0.35 points to end at 210.32. The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies whose financial year ends up to August 2023.
Overall, 1,415,498 shares traded for US$75,783, up from 557,891 units at US$51,094 on Friday.
Trading averaged 141,550 units at US$7,578, compared to 69,736 shares at US$6,387 on Friday, with a month to date average of 50,121 shares at US$3,315 versus 43,590 units at US$3,011 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share remained at 7.94 US cents with the swapping of 3,811 shares, Margaritaville ended unchanged at 15 US cents, with 109 stocks changing hands, Productive Business Solutions finished at 98 US cents after 758 stock units crossed the market. Proven Investments lost 0.75 cents in closing at 26 US cents after 159,470 units changed hands, Sterling Investments declined 0.02 of a cent in ending at 2.14 US cents in an exchange of 19,557 units, Sygnus Credit Investments USD share dropped 0.15 of a cent to close at 12.35 US cents as 179,120 stocks changed owners. Sygnus Real Estate Finance USD share remained at 12.5 US cents after exchanging 50 stock units and Transjamaican Highway shed 0.02 of a cent to end at 0.98 of one US cents in exchanging 1,052,537 shares.
In the preference segment, JMMB Group 5.75% finished at US$2.323 with 85 units clearing the market and JMMB Group 6% ended unchanged at US$1.10, trading just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.