Rising stocks outpaced those declining more than two one at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, following trading in 59 securities up from 55 on Tuesday, with 28 rising, 13 falling and 18 ending unchanged, the volume of stocks traded declined 49 percent, with a 68 percent lower value than on Tuesday.
Trading resulted in an exchange for 8,932,182 shares for $64,616,360, down from 17,477,049 units at $200,353,274 on Tuesday.
Trading averaged 151,393 shares for $1,095,193 compared to 317,765 units at $3,642,787 on Tuesday and month to date, an average of 314,910 units at $1,666,623, compared with 324,029 units at $1,698,489 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 2.69 million shares for 30.2 percent of total volume, followed by JMMB Group 7.35% due 2028, with 1.21 million units for 13.5 percent of the day’s trade and Stanley Motta with 1.05 million shares for 11.8 percent market share.
The All Jamaican Composite Index lost 428.15 points to finish at 351,020.99, the JSE Main Index climbed 1,282.67 points to 319,154.23 and the JSE Financial Index added 0.38 points to end at 70.97.
The PE Ratio, the most common formula used in valuing stocks, averages 12.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments gained 77 cents to end at $75.90, with 12,859 shares changing hands, Caribbean Cement popped $1.99 and ended at $52 after 278,333 stocks passed through the market, Eppley skidded 46 cents to close at $35.53 with shareholders swapping 1,024 stock units, Eppley Caribbean Property Fund rallied $2.64 to $39 after trading 1,403 units. First Rock Real Estate advanced $1.04 in closing at $8.74 while exchanging 723 stocks, GraceKennedy lost $1.50 to close at $74 after an exchange of 119,230 shares, Guardian Holdings rose $19.30 and ended at $420.50 as investors exchanged 99 units, Jamaica Producers declined $1.09 to $18.01 after 150 stock units passed through the market. JMMB Group dropped 54 cents to close at $27.15 after an exchange of 22,349 stocks, Kingston Properties increased 40 cents in closing at $7.30 with investors dealing in 68 stock units, Massy Holdings climbed 90 cents to $101 with stakeholders exchanging 1,772 shares, MPC Caribbean Clean Energy gained $2.80 and ended at $72.50 after a transfer of 194 units. Seprod rallied $5 to close at $70 with a transfer of 146,479 units, Supreme Ventures gained 44 cents in closing at $27.99, with 9,896 shares changing hands, Sygnus Credit Investments shed 50 cents to land at $11.47 in an exchange of 67,753 stocks and Wisynco Group climbed $1.15 in closing at $18, with 81,066 stock units crossing the exchange before reporting full year profit results after the market closed, of $4.9 billion, up 21 percent over earnings for 2022 and resulting in earnings of $1.31 per share.
In the preference segment, Eppley 7.75% preference share popped 50 cents to close at $19 with investors transferring 260 shares, Jamaica Public Service 7% fell $12.06 to $46.80, with 358 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced 50 cents to end at $100 in an exchange of 47 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading fell on the Jamaica Stock Exchange US dollar market on Wednesday, with a 77 percent fall in the volume of stocks changing hands, valued 63 percent less than on Tuesday and resulting in trading of seven securities, the same number as Tuesday and ended, with four rising and three ending unchanged.
A total of 136,351 shares were exchanged for US$23,735 compared with 593,068 units at US$64,296 on Tuesday.
Trading averaged 19,479 shares at US$3,391 versus 84,724 units at US$9,185 on Tuesday, with a month to date average of 56,990 shares at US$4,045 compared with 58,949 units at US$4,079 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index rose 3.33 points to finish at 238.46.
PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
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, First Rock Real Estate USD share remained at 4 US cents, with 12,795 shares crossing the exchange, MPC Caribbean Clean Energy popped 0.01 of a cent to 53.01 US cents after trading 194 units, Proven Investments gained 0.45 of one cent and ended at 15 US cents in an exchange of 70,006 stock units. Sygnus Credit Investments climbed 1.13 cents to end at 10.23 US cents with 21,557 stocks changing hands, Sygnus Real Estate Finance USD share ended at 10 US cents with shareholders swapping 48 units and Transjamaican Highway rose 0.09 of a cent and ended at 1.7 US cents, with 21,369 stock units crossing the market.
In the preference segment, JMMB Group 6% ended at US$1, with traders dealing in 10,382 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad Stock Exchange drops in August
Trading ended for August lower than July on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded rising 6 percent with a 23 percent lower value than on Tuesday, resulting from trading in 20 securities down from 22 on Tuesday, with prices of four stocks rising, seven declining and nine remaining unchanged, ahead of the market closing on Friday for the Independence Day holiday.
Investors exchanged 157,416 shares for $1,978,952 compared to 147,834 stock units at $2,564,061 on Tuesday.
An average of 7,871 units were traded at $98,948 compared to 6,720 shares at $116,548 on Tuesday, with trading month to date averaging 14,526 shares at $195,195 compared with 14,814 units at $199,661 on the previous day. The average trade for July amounts to 36,525 shares at $302,493.
The Composite Index dipped 0.86 points to end at 1,220.39, the All T&T Index fell 0.94 points to close at 1,854.20, the SME Index rallied 0.86 points to finish at 66.57 and the Cross-Listed Index slipped 0.11 points to 75.87.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dipped 7 cents to $67.93 after an exchange of 64 shares, Ansa McAl lost 40 cents and ended at $54, with 4,102 stocks crossing the market, Calypso Macro Investment Fund rose 50 cents to close at $22.50 after investors traded 499 units, Endeavour Holdings ended at $12 with a transfer of 589 stock units. First Citizens Group ended at $49, with 6,604 shares crossing the market, FirstCaribbean International Bank slipped 1 cent to $6.99 with a transfer of 246 units, GraceKennedy skidded 3 cents to close at $3.31, with 11,950 stocks changing hands, Guardian Holdings rallied 25 cents in closing at $19.25 with shareholders swapping 13,000 stock units. JMMB Group ended at $1.34 with an exchange of 28,795 shares, Massy Holdings remained at $4.55 with traders dealing in 67,742 stocks, National Enterprises rallied 1 cent in closing at $3.61 with 3,735 stock units clearing the market, National Flour Mills ended at $1.63 after 8,305 units passed through the market. One Caribbean Media climbed 5 cents and ended at $3.75 as investors exchanged 5 units, Point Lisas remained at $3.40 in an exchange of 600 stocks, Prestige Holdings ended at $7.90 in trading 457 shares, Republic Financial fell 1 cent to $125.02 in switching ownership of 5,107 stock units, Scotiabank ended at $73 after trading 461 shares, Trinidad & Tobago NGL. dropped 20 cents to end at $14.60 after it closed with 2,588 units changing hands, Unilever Caribbean shed 9 cents in closing at $11.90 with an exchange of 22 stock units and West Indian Tobacco ended at $11 with stakeholders exchanging 2,545 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Funding for JSE USD stocks jumped
The volume of stocks trading declined 33 percent, but the value jumped 291 percent more than on Monday at the close of the Jamaica Stock Exchange US dollar market on Tuesday, resulting in seven securities being traded, up from three on Monday and ended with two rising, three declining and two unchanged.
Overall, 593,068 shares were traded for US$64,296 compared with 884,498 units at US$16,456 on Monday.
Trading averaged 84,724 shares at US$9,185 compared to 294,833 units at US$5,485 on Monday. Trading for the month to date averaged 58,949 shares at US$4,079 compared to 57,529 units at US$3,798 on the previous day. Trading in July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index advanced 1.05 points to conclude trading at 235.13.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville dipped 0.01 of a cent to 11.49 US cents after 3,909 shares changed hands, Productive Business Solutions ended at US$1.70 after 45 units were traded, Proven Investments fell 0.1 of a cent to close at 14.55 US cents in trading 409,526 stocks. Sterling Investments rallied 0.04 of a cent to end at 1.98 US cents, with trading in 91,000 shares, Sygnus Credit Investments rose 0.04 of a cents to 9.1 US cents after a transfer of 1,001 units and Transjamaican Highway skidded 0.08 of a cent to end at 1.61 US cents with an exchange of 87,500 shares.
In the preference segment, JMMB Group 6% remained at US$1 and closed with 87 stock units being traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly fall on Trinidad Exchange
The Trinidad and Tobago Stock Exchange ended trading on Tuesday, with falling stocks dominating trading on a 3 to 1 ratio following a 42 percent drop in the volume of stocks traded after the value jumped 64 percent over Monday, resulting in the trading of 22 securities compared with 18 on Monday, with just three stocks rising, nine declining and 10 remaining unchanged.
Investors exchanged 147,834 shares for $2,564,061 versus 252,791 stock units at $1,568,228 on Monday.
An average of 6,720 shares were traded at $116,548 compared with 14,044 units at $87,124 on Monday, with trading month to date averaging 14,814 shares at $199,661 compared to 15,327 units at $204,930 on the previous day. Trading in July averaged 36,525 shares at $302,493.
The Composite Index dipped 2.02 points to end at 1,221.25, the All T&T Index shed 3.70 points to finish at 1,855.14, the SME Index lost 3.57 points to conclude trading at 65.71 and the Cross-Listed Index slipped 0.03 points to end at 75.98.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s ended at $68 after an exchange of a mere 2 shares, Angostura Holdings dipped 23 cents to $22.75 with trading in 331 stocks, Calypso Macro Investment Fund finished at $22 in an exchange of 1,323 stock units. Endeavour Holdings shed 75 cents to close at $12 after a transfer of 280 units, First Citizens Group remained at $49 with investors trading 1,270 stocks, FirstCaribbean International Bank ended at $7, with 1,617 stocks crossing the market. GraceKennedy fell 1 cent and ended at $3.34 with investors exchanging 50 units, Guardian Holdings remained at $19 after 208 shares changed hands, JMMB Group ended at $1.34 with 14,748 units crossing the market. Massy Holdings dipped 8 cents in closing at $4.55 after an exchange of 92,333 shares, National Enterprises ended at $3.60 with stock units changing hands, National Flour Mills popped 1 cent to close at $1.63, with 800 stocks clearing the market. NCB Financial remained at $3.25 in swapping 119 units, One Caribbean Media skidded 4 cents to $3.70 as investors exchanged 195 stocks, Point Lisas declined 20 cents to end at $3.40 in switching ownership of 600 shares. Prestige Holdings ended at $7.90 in trading 250 stock units, Republic Financial advanced 1 cent to $125.03, with 14,242 stocks changing hands, Scotiabank lost 75 cents in closing at $73 while exchanging 1,186 units. Trinidad & Tobago NGL dropped 10 cents and ended at $14.80 after investors swapped 3,025 stock units, Trinidad Cement gained 10 cents to end at $3.20 in an exchange of 516 shares, Unilever Caribbean slipped 1 cent to close at $11.99 with investors transferring 3,283 units and West Indian Tobacco remained at $11 with a transfer of 29 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.