Trading picked up with 43 percent more funds entering the market and driving the volume of stocks traded up 17 percent at the close on Wednesday, over Tuesday’s trades and sent the Junior Market of the Jamaica Stock Exchange rising moderately, with declining stocks edging out those that rose as the market continues to consolidate.
The number of stocks trading fell to 33, from 37 on Tuesday and ended with 12 rising, 14 declining and seven closing unchanged. The Junior Market Index rose 5.10 points to settle at 3,287.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5 based on ICInsider.com forecasted 2021-22 earnings.
Trading ended with 5,353,446 shares changing hands for $20,594,887 up from 4,576,086 units at $14,364,164 on Tuesday. Jamaican Teas led trading, with 32.2 percent of total volume and 1.72 million shares, followed by Lumber Depot 23.7 percent with 1.27 million units and Future Energy Source 14.8 percent, with 793,771 shares.
Trading averaged 162,226 shares at $624,087 in contrast to 123,678 units at $388,221 on Tuesday. Trading month to date, averages 167,235 shares at $596,470, compared to 168,725 units at $588,260 on Tuesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and just one with a lower offer.
At the close, AMG Packaging rallied 16 cents to $1.81 after exchanging 13,311 shares, Caribbean Cream fell 20 cents to $6.30 with an exchange of 60,498 stock units, Everything Fresh shed 7 cents to close at 90 cents after trading 21,739 units. Express Catering rose 10 cents to $5.50 switching ownership of 12,270 stocks, Fontana declined 12 cents to $6.40 after exchanging 343,755 units, Honey Bun dropped 15 cents to $8.50, with 155,598 shares clearing the market. Indies Pharma gained 30 cents to end at $3.45 with 1,500 stock units crossing the exchange, Iron Rock Insurance lost 75 cents to close at $3.35 in trading 100 stocks, Jamaican Teas dropped 10 cents in closing at $4.40, with 1,722,319 shares changing hands. Lasco Distributors fell 13 cents to $3.77 after exchanging 48,765 stocks, Lasco Manufacturing climbed 11 cents to $4.80 with the swapping of 2,693 stock units, Mailpac Group shed 14 cents to $3.70 while trading 141,762 units. Medical Disposables declined 9 cents to close at $4.71, with 15,685 stocks crossing the market, Stationery and Office Supplies popped 15 cents in, ending at $6.20 after trading 3,000 units and Tropical Battery rallied 7 cents to end at $1.37 in an exchange of 1,654 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market in mild rebound Wednesday
Trading resulted in a mild rebound on Wednesday for the Jamaica Stock Exchange US dollar market, as the volume of shares changing hands dropped 88 percent from Tuesday with the value dropping 73 percent, resulting in an even number of stocks rising and falling.
Trading ended with four securities changing hands compared to five on Tuesday, with the prices of two stocks rising and two declining.
The US Denominated Equities Index gained 3.43 points to end at 183.83.
The PE Ratio, a measure that is used to compute appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Just 62,909 shares traded for US$10,457 compared to 520,508 units at US$38,397 on Tuesday. Trading averaged 15,727 units at US$2,614 compared to 104,102 shares at US$7,679 on Tuesday and the month to date averages 73,532 at US$11,865 in contrast to 86,377 units at US$13,920 on Tuesday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital fell 0.4 of a cent to 6.6 US cents with a transfer of 4,000 shares, Margaritaville gained 1.93 cents to finish at 10.93 US cents with investors switching ownership of 14,700 units, Proven Investments advanced 1.24 cents to 24.69 US cents with 26,757 stocks traded and Sygnus Credit Investments USD share dropped 1 cent to settle at 12 US cents with 17,452 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks end Wednesday mixed
Market activity ended on Wednesday, resulting in slightly more stocks rising than declining after trading 79 percent fewer shares, with the value falling 71 percent below Tuesday’s trades, at the close of the Trinidad and Tobago Stock Exchange.
At the close, 18 securities traded, down from 24 on Tuesday, with six rising, five declining and seven ending unchanged. The Composite Index advanced 1.88 points to 1,430.52, the All T&T Index dipped 0.56 points to close at 1,931.49 and the Cross-Listed Index rose 0.63 points to settle at 125.36.
A total of 116,673 shares traded, for $1,652,031 compared to 559,977 units at $5,618,080 on Tuesday. An average of 6,482 units traded at $91,779 compared to 23,332 at $234,087 on Tuesday and month to date averaging 70,235 units at $308,103 versus 89,048 units at $371,936. The average trade for September amounts to 36,606 units at $425,940.
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 finished at $24.50 after exchanging 14,386 shares, Angostura Holdings ended at $17.10 in switching ownership of 1,000 stock units, Clico Investment Fund declined 45 cents to $26 in exchanging 5,469 units. First Citizens Bank dipped 3 cents to $50.60 in trading 5,430 stock, FirstCaribbean International Bank rallied 10 cents to $6.60, with 1,000 shares crossing the market. GraceKennedy rose 4 cents to end at $6.30 with an exchange of 857 units, Guardian Media climbed 6 cents in closing at $3.16 in an exchange of 1,110 stock units, JMMB Group remained at $2.25, with 3,213 stocks changing hands, L.J. Williams B share ended at $1.50 with the trading of 50 stock units. Massy Holdings dropped 80 cents to $84, with 1,333 units clearing the market, National Enterprises rallied 4 cents in closing at $3.24 with the swapping of 24,053 stocks, NCB Financial Group closed at $8.20 with an exchange of 359 shares. One Caribbean Media advanced 52 cents to close at $4.78 after 4,759 shares crossed the market, Point Lisas remained at $3.05 with an exchange of 2,466 stock units, Republic Financial Holdings shed 5 cents in ending at $135.71 after exchanging 500 stocks. Trinidad & Tobago NGL increased 40 cents to $17.40 in trading 25,060 units. Trinidad Cement remained at $4, with 25,047 stocks crossing the exchange and West Indian Tobacco fell 5 cents to $30.90 after finishing trading of 581 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp decline for JSE USD market on Tuesday
Trading plunged into a sharp fall on the JSE USD market on Tuesday with the market index diving 13.89 points to 180.40 as investors transferred 354 percent more shares than on Monday, with 677 percent greater value, as the market closed, with a 3.2 percent decline for the year to date, as more stocks declined than rose.
Compared to six trading on Monday, just five securities changed hands, on Tuesday, with prices of one rising, three declining, and one ending unchanged.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 520,508 shares traded for US$38,397 up from 114,565 units at US$4,940 on Monday. Trading averaged 104,102 units at US$7,679, compared to 19,094 shares at US$823 on Monday and trading month to date averages 86,377 at US$13,920 versus 79,560 units at US$16,320 on Monday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital traded 14,192 shares at 7 US cents, Productive Business Solutions fell 16 cents to 74 US cents, with 394 stocks changing hands, Proven Investments fell 1.3 cents to 23.45 US cents with a transfer of 144,850 units. Sygnus Credit Investments USD share advanced 1.99 cents to 13 US cents with 11,072 stock units traded and Transjamaican Highway dropped 0.12 of a cent to 0.83 of a US cents with 350,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks slip after heightened trading
Trading ended on Tuesday with the highest number of securities changing hands for a long time and resulted in more slightly more stocks falling than rising at the close of the market, after trading volume jumped 96 percent, with a 46 percent higher value than on Monday, on the Trinidad and Tobago Stock Exchange.
At the close, 24 securities traded, up from 17 on Monday, with six rising, seven falling and 11 ending unchanged. The Composite Index lost 1.99 points to 1,428.64, the All T&T Index shed 0.55 points to close at 1,932.05 and the Cross-Listed Index declined 0.50 points to settle at 124.73.
A total of 559,977 shares traded, for $5,618,080 versus 285,799 units at $3,837,518 on Monday. An average of 3,332 units traded at $234,087, up from 16,812 at $225,736 on Monday and month to date averaging 89,048 units at $371,936 versus 131,674 units at $461,352. The average trade for September amounts to 36,606 units at $425,940.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended trading of 3,715 shares at $24.50, Ansa McAl closed at $57.01 with 1,000 stock units changing hands, Ansa Merchant Bank fell 50 cents to $41, with 815 stocks clearing the market. Calypso Macro Investment Fund remained at $16.50 after 144 units crossed the exchange, Clico Investment Fund jumped 45 cents to close at $26.45 in switching ownership of 4,104 stock units, Endeavour Holdings declined 5 cents to a 52 weeks’ low of $7 in exchanging 215 shares. First Citizens Bank dropped 12 cents to $50.63, with 2,190 units changing hands, FirstCaribbean International Bank remained at $6.50 after an exchange of 863 stocks, GraceKennedy traded 205,000 units at $6.26. Guardian Holdings closed at $32.80 after exchanging 8,524 shares, JMMB Group gained 3 cents to end at $2.25 with an exchange of 8,006 stock units, L.J. Williams B share remained at $1.50 after trading 1,000 stocks. Massy Holdings shed 10 cents to close at $84.80 after trading 11,316 stocks, National Enterprises lost 5 cents in closing at $3.20 while exchanging 4,000 units, National Flour Mills rose 21 cents to $2.11 after trading 357 stock units. NCB Financial Group lost 5 cents to close at $8.20 with the swapping of 264,700 shares, Point Lisas remained at $3.05, after 1,050 stock units crossed the market, Prestige Holdings popped 25 cents to $7.25 while exchanging 355 stocks. Republic Financial Holdings remained at $135.76 in an exchange of 581 units, Scotiabank popped 1 cent to $60.51 after trading 495 shares, Trinidad & Tobago NGL dropped 22 cents to $17 with an exchange of 1,000 units. Trinidad Cement added 1 cent to end at $4, with 31,000 stocks changing hands, Unilever Caribbean remained at $16.40 in switching ownership of 4,597 stock units and West Indian Tobacco remained at $30.95, with 4,950 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market fumbles on Monday
Trading on the USD market of the Jamaica Stock Exchange ended on Monday with the volume of shares changing hands declining after investors transferred 88 percent fewer shares, with 98 percent less funds than on Friday, and ending with falling stocks outnumbering rising ones.
Trading ended with six securities changing hands, compared to seven on Friday, with one rising, three declining and two ending unchanged.
The US Denominated Equities Index fell 1.91 points to end at 194.29. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 114,565 shares traded for US$4,940, down from 919,720 units at US$207,226 on Friday. Trading averaged 19,094 units at US$823, compared to 131,389 shares at US$29,604 on Friday and the month to date averages 79,560 at US$16,320. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital traded 13,472 shares at 7 US cents, Margaritaville dropped 2 cents to 9 US cents with 5,449 stocks traded, Proven Investments climbed 0.05 of a cent to 24.75 US cents with 8,462 stock units changing hands. Sterling Investments finished at 2.09 US cents with a transfer of 340 units, Sygnus Credit Investments USD shed 1.99 cents to end at 11.01 US cents with investors switching ownership of 6,383 stocks and Transjamaican Highway declined by 0.02 of a cent to close at 0.95 US cents with 80,459 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.