The Jamaica Stock Exchange Main Market fell 10.8 percent to its lowest level since the start of the year at the end of trading on Wednesday. The volume of stocks traded rose 51 percent with a 43 percent lower value than at the close on Tuesday as 52 securities were exchanged compared to 56 on Tuesday, with 16 rising, 21 declining, and 15 ending unchanged.
The All Jamaican Composite Index dived 2,743.15 points to 404,678.93, to be down 7.7 per for the year to date, the JSE Main Index dropped 4,595.49 points to 353,218.99, with a 10.8 percent fall for the year and the JSE Financial Index shed 0.72 points to settle at 85.46.
Investors traded 15,124,626 shares costing $74,624,156 versus 10,035,795 units at $130,106,528 on Tuesday. The average trade for the day was 290,858 units at $1,435,080, compared to 179,211 shares at $2,323,331 on Tuesday and month to date, an average of 856,824 units at $5,280,521, compared to 889,671 units at $5,503,694 on the previous day. July closed with an average of 173,643 units at $1,683,017.
138 Student Living led trading with 4.23 million shares for 28 percent of total volume, followed by Wigton Windfarm with 3.76 million units for 24.9 percent of the day’s trade, Sagicor Select Financial Fund with 2.85 million units for 18.9 percent market share and Transjamaican Highway with 1.24 million units for 8.2 percent of the day’s transactions.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rose $1.16 to $11.47, with 1,591 shares changing hands, Eppley fell $1 to close at $40 in trading 100 stocks, GraceKennedy shed $2 in closing at $94 with the swapping of 143,571 units. Guardian Holdings jumped $50.46 to end at $557.46, with 35 stock units crossing the market, Jamaica Broilers popped 50 cents to $28.50 while exchanging 19,549 shares, Jamaica Producers lost 87 cents to end at $20.13 after exchanging 20,436 stocks. JMMB Group climbed 50 cents in closing at $41.25 after 124,437 units changed hands, Massy Holdings dropped $10.84 to close at a 52 weeks’ low of $75 after trading 1,464 stock units, 138 Student Living advanced 46 cents to $5.91 with 4,229,552 shares changing hands. Palace Amusement declined $70 to end at a 52 weeks’ low of $690 after exchanging 74 stocks, Proven Investments dipped 50 cents to close at $31.50, with 7,052 stock units crossing the market, Scotia Group dropped $1.10 to $34 as investors exchanged 13,588 units.
Seprod lost 45 cents to end at $69 in an exchange of 5,129 shares and Supreme Ventures declined 40 cents to $29.50 with investors transferring 48,546 units.
In the preference segment, Eppley 7.50% preference share increased 49 cents in closing at $7.49 after trading 10,940 stock units and JMMB Group 7% preference share dipped 50 cents to $2 with 30,116 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading of 819,705 shares for US$242,568 were exchanged compared to 475,683 units at US$98,429 on Tuesday. Trading averaged 102,463 units at US$30,321, versus 67,955 shares at US$14,061 on Tuesday, with month to date average of 52,992 shares at US$8,657 versus 50,299 units at US$7,478 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
Transjamaican Highway shed 0.1 of a cent to close at 0.85 US cents in exchanging 27,222 stocks.
The All Jamaican Composite Index dropped 2,541.98 points to 407,422.08, the JSE Main Index rose 619.64 points to 357,814.48 and the JSE Financial Index slipped 0.24 points to close at 86.18.
At the close, Berger Paints dipped $1.19 to $10.31 while exchanging 4,637 shares, Caribbean Cement popped $1 to close at $57 in trading 255,832 stocks, Eppley rose $2.50 in closing at $40 while trading 30 units, Eppley Caribbean Property Fund dropped $4.98 to $40 after a trade of 77 shares, First Rock Real Estate dropped 79 cents to $11.51 in switching ownership of 43,083 stock units, GraceKennedy rose $1 to $96 after exchanging 319,641 units and trading at an intraday 52 weels’ low of $70.10. Guardian Holdings dropped $18 in closing at $507 after trading 138 shares, Jamaica Broilers dropped 50 cents to close at $28, with an exchange of 18,239 stocks, Jamaica Producers rose 89 cents in ending at $21 with the swapping of 93,150 stock units after the price hit an intraday one year low of $18.04, Jamaica Stock Exchange slipped 40 cents to $16, with 6,128 units crossing the market, JMMB Group had trading in 464,838 but fell 75 cents at $40.75, Kingston Wharves declined $3.28 to close at a 52 weeks’ low of $34.12, with 3,658 shares crossing the market, Massy Holdings jumped $8.84 in closing $85.84 after exchanging 1,210 stocks. Mayberry Jamaican Equities rose 56 cents to $14.06 and exchanged 11,645 units, NCB Financial gained $1.98 in ending at $92.18 after trading 79,481,
Palace Amusement added $10 to close at $760 with just four shares trading following trading at a one year intraday low of $665, PanJam Investment climbed $1 to end at $60 with an exchange of 255,259 stock units, Salada Foods fell 38 cents to close at $4.62 with 8,474 stocks changing hands. Scotia Group rallied $1.10 to $35.10, with an exchange of 1,113 shares and Supreme Ventures rose $1.10 to $29.90, with 107,110 units crossing the exchange.
At the close, Berger Paints rose $1.27 to $11.50 while exchanging 11,543 shares, Caribbean Cement dipped $3.75 to close at $56 in trading 74,233 stocks, Carreras shed 39 cents to end at $9 with 245,669 stock units clearing the market. Eppley declined 50 cents in closing at $38.50 while trading 4,523 units, First Rock Real Estate climbed 79 cents to $12.30 in switching ownership of 872 stock units, GraceKennedy fell $1.50 to end at $95 after exchanging 123,366 units. Guardian Holdings gained $5 in closing at $525 after trading 1,064 shares, Jamaica Broilers dropped 58 cents to close at $28.50 as investors exchanged 40,218 stocks, Jamaica Producers lost 89 cents in ending at $20.11 with the swapping of 27,940 stock units. Jamaica Stock Exchange popped 90 cents to $16.40, with 4,956 units crossing the market, Margaritaville declined $1.40 to close at $28, with three shares crossing the market, Massy Holdings shed $10 in closing at a 52 weeks’ low of $77 after exchanging 6,120 stocks. Mayberry Investments dipped 65 cents after ending at $9.25 and exchanging 11,645 units, PanJam Investment dropped $1 to end at $59 with an exchange of 39,863 stock units, Proven Investments fell 96 cents to $32.04 with 29,368 stocks changing hands. Sagicor Group lost $4 in closing at $50, with 74,306 shares changing hands, Stanley Motta dropped 38 cents to end at $4.60 after a transfer of 114,461 stocks,
Supreme Ventures declined 46 cents to $28.80, with 107,110 units crossing the exchange and Sygnus Real Estate Finance dipped 55 cents to $9.75 with investors transferring 2,801 stock units.
Overall, 388,269 shares were traded, for US$14,534 down from 796,890 units at US$32,729 on Friday. Trading averaged 64,712 units at US$2,422, compared to 88,543 shares at US$3,637 on Friday, with month to date average of 49,416 shares at US$7,149 versus 48,732 units at US$7,360 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
At the close, First Rock Real Estate USD share ended at 4 US cents after trading 164,161 shares, Margaritaville rose 1.5 cents to 12 US cents, with 1,315 stocks crossing the market, Proven Investments popped 0.2 of a cent to close at 21.5 US cents with 11,426 stock units changing hands. Sygnus Credit Investments USD share declined 0.88 of a cent in ending at 11.12 US cents after exchanging 32,000 units and Transjamaican Highway climbed 0.12 of one cent to 0.95 of a US cent in trading 179,363 stock units.
Overall, 796,890 shares were traded for US$32,729 compared to 394,179 units at US$26,302 on Thursday. Trading averaged 88,543 units at US$3,637, versus 32,848 shares at US$2,192 on Thursday, with month to date average of 48,732 shares at US$7,360 versus 45,865 units at US$7,629 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
Proven Investments lost 0.7 of a cent to close at 21.3 US cents with a transfer of 10,819 units. Sterling Investments advanced 0.04 of a cent in closing at 2.09 US cents in an exchange of 5,042 stocks, Sygnus Credit Investments USD share rose 0.01 of a cent to 12 US cents after trading 12,308 shares and Transjamaican Highway dipped 0.12 of a cent to end at 0.83 of one US cent, with 61,104 units changing hands.
Trading ended with 289,860,735 shares for $2,467,647,684 compared with 358,301,804 units for $1,351,391,586 on Thursday.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six with lower offers.
Seprod lost 45 cents to end at $69.05 after a transfer of 23,137 stock units and Supreme Ventures dipped 73 cents to $29.26 in an exchange of 2,529,457 units.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
Scotia Group advanced 50 cents to close at $34.50 with the swapping of 6,510 stock units, Seprod rallied 45 cents to end at $69.50 with investors transferring 1,119 stock units. Supreme Ventures climbed $1.01 to $29.99 with an exchange of 91,949 units and Victoria Mutual Investments gained 65 cents in closing at $5.66 after 78,171 shares changed hands.
Investors exchanged 394,179 shares for US$26,302 compared to 1,690,663 units at US$286,936 on Wednesday. Trading averaged 32,848 units at US$2,192, versus 187,851 shares at US$31,882 on Wednesday, with month to date average of 45,865 shares at US$7,629 versus 47,248 units at US$8,206 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
Sygnus Credit Investments USD share climbed 0.79 of one cent to 11.99 US cents with an exchange of 1,857 units. Sygnus Real Estate Finance USD share increased 1.85 cents in closing at 12.5 US cents and exchanging ten stocks and Transjamaican Highway shed 0.01 of a cent to close at 0.95 of one US cent with investors transferring 3,179 stock units.
At the close, Caribbean Cement increased $1 to $60 with the swapping of 4,491 shares, Eppley rose $1.05 to $41 trading 770 stocks, Eppley Caribbean Property Fund climbed $6.45 to $44.85 in switching ownership of 4,000 stock units. GraceKennedy dropped $2.50 in closing at $95.50 in trading 326,540 units, Guardian Holdings gained $28.90 to close at $550, with seven stock units crossing the market, JMMB Group shed 75 cents to close at $41.25 as investors exchanged 330,814 shares. Margaritaville lost 44 cents in ending at $29.50 after trading 85 stocks, Massy Holdings dipped $2 to $85 with a transfer of 760 units, Mayberry Investments rallied $2.42 in closing at $9.93 in an exchange of 49,286 shares. MPC Caribbean Clean Energy fell $6.05 to end at $65.78 after a transfer of 266 units, NCB Financial declined $1 to end at $94, with 26,489 crossing the exchange, Palace Amusement fell $3.37 to close at a 52 weeks’ low of $750 with 38 stock units clearing the market. PanJam Investment advanced $1.95 in closing at $62 after exchanging 1,145,510 stocks, Portland JSX popped $1.45 to $10.80 with an exchange of 1,155 shares, Proven Investments fell 50 cents to $32 after exchanging 3,023 units.
Sagicor Group shed $2.50 in closing at $52 with 1,036,762 stock units changing hands, Scotia Group dipped $1.05 to $34 after exchanging 70,141 units, Seprod lost 94 cents to end at $69.05, with 9,590 stock units crossing the market. Supreme Ventures increased 43 cents to $28.98 with investors transferring 101,987 stocks and Sygnus Real Estate Finance dropped 64 cents to close at $10.30 while trading 2,606 shares.