Market activity ended on Monday on the Jamaica Stock Exchange Main Market, with the volume of stocks traded rising 33 percent and the value jumping 253 percent over Friday as the market pulled back at the close with falling stocks having the upper hand.
The All Jamaican Composite Index fell 1,039.72 points to settle at 458,077.02, the JSE Main Index fell 1,070.82 points to 400,644.60 and the JSE Financial Index added 0.06 points to settle at 93.39.
Trading ended with 59 securities compared to 56 on Friday, with 18 rising, 25 declining and 16 ending unchanged. Three stocks ended at 52 weeks’ closing highs, with Eppley closing at $52.46, followed by Jamaica Stock Exchange at $24.20 and Mayberry Jamaican Equities at $15.99.
The PE Ratio, a formula for computing appropriate stock values, averages 15.2. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to August 2023.
Overall, 14,230,271 shares were exchanged for $381,343,934 versus 10,706,458 units at $108,028,666 on Friday. Productive Business Solutions 9.75% Preference share led trading with 2.88 million shares for 20.2 percent of total volume, followed by Wigton Windfarm with 2.83 million units for 19.9 percent of the day’s trade, Transjamaican Highway with 1.70 million units for 11.9 percent market share and Sagicor Select Manufacturing & Distribution Fund with 1.35 million units for 9.5 percent market share.
Trading averaged 241,191 units at $6,463,457, up from 191,187 shares at $1,929,083 on Friday and month to date, an average of 221,174 units at $4,235,568, compared to 217,015 units at $3,772,732 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints increased 30 cents in closing at $12.25 while exchanging 6,586 shares, Caribbean Cement lost $1 to $68 in trading 10,764 stocks, Eppley surged $10.41 to close at a 52 weeks’ high of $52.46, with 10,495 stock units crossing the exchange. GraceKennedy fell $1 to $110 in an exchange of 11,870 units, Jamaica Producers rose $1.60 to end at $23.85, with 36,096 stocks changing hands, Jamaica Stock Exchange popped $1.21 to end at a 52 weeks’ high of $24.20 after 84,268 shares cleared the market. Kingston Wharves rallied 74 cents in closing at $39.99 with the swapping of 40,010 units, Margaritaville climbed $2.50 to $23.50 in exchanging 50 stock units, Mayberry Jamaican Equities advanced $1.69 to close at a 52 weeks’ high of $15.99 with 83,932 shares changing hands. MPC Caribbean Clean Energy declined $9 in ending at $92 trading 19 stocks, 138 Student Living dropped $1.10 to close at $4.05 after exchanging 8,363 units, Palace Amusement shed $150 to end at $950 in switching ownership of 13 stock units. PanJam Investment declined 50 cents to $66.50, with 35,124 stock units crossing the market, Proven Investments fell 45 cents to close at $37.55 with an exchange of 27,947 stocks, Salada Foods lost 38 cents to close at $5.92 after an exchange of 26,538 units.
Seprod popped 69 cents to $73.80, trading 51,696 shares, Supreme Ventures rallied $1.53 in closing at $31.49 after exchanging 208,360 units, Sygnus Real Estate Finance climbed $1.20 to $16.80 after exchanging 102 stocks and Wisynco Group shed $1.20 to close at $23.80 in trading 330,285 shares.
In the preference segment, Eppley 7.50% preference share dropped 58 cents to end at $6.02 in an exchange of 2,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More trading for the JSE USD market Friday
Trading on Friday ended with the volume of stocks traded jumping 1,127 percent with a 70 percent value than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
A total of 10 securities traded, up from seven on Thursday, with four rising, two declining and four ending unchanged.
JSE US Denominated Equities Index rose 0.61 points to end at 223.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years closing up to the end of August 2023.
Overall, 1,007,137 shares traded, for US$21,115, up from 82,057 units at US$12,453 on Thursday. Trading averaged 100,714 units at US$2,111, up from 11,722 shares at US$1,779 on Thursday, with a month to date average of 56,313 shares at US$2,744 versus 43,627 units at US$2,925 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 stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share advanced 0.85 of one cent to close at 7.9 US cents after exchanging 3,890 shares, Margaritaville remained at 15 US cents in exchanging 34 units, Productive Business Solutions dropped 1 cent to end at US$1.18, with one stock unit clearing the market. Proven Investments finished at 26 US cents trading 34,764 stocks, Sterling Investments rose 0.25 of a cent to 2.25 US cents with an exchange of 50,000 stocks,
Sygnus Credit Investments USD share increased 0.55 of one cent to 12.95 US cents, with 12,078 stock units changing hands. Sygnus Real Estate Finance USD share climbed 1.69 cents to close at 14.69 US cents exchanging 13 units and Transjamaican Highway fell 0.02 of a cent to end at 0.98 of one US cent with the swapping of 906,355 shares.
In the preference segment, Equityline Mortgage Investments preference share ended at US$1.999, after an exchange of just one share and JMMB Group 5.75% ended unchanged at US$2.02 while exchanging one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading ended with the volume of stocks declining78 percent, with the value 69 percent lower than on Wednesday at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks declining than rising.
A total of seven securities traded, down from 11 on Wednesday, with two rising, four declining and one ending unchanged.
The JSE US Denominated Equities Index dipped 0.49 points to end at 223.12. 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 year ending up to the close of August 2023.
Overall, 82,057 shares traded for US$12,453, down sharply from 365,713 units at US$39,700 on Wednesday.
Thursday’s trading averaged 11,722 units at US$1,779, compared to 33,247 shares at US$3,609 on Wednesday, with the month to date average of 43,627 shares at US$2,925 versus 51,603 units at US$3,211 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share ended at 7.05 US cents after exchanging 9,248 shares, Margaritaville lost 0.99 of a cent to close at 15 US cents, with six units clearing the market, Proven Investments increased 0.01 of a cent to 26 US cents in an exchange of 43,673 stock units. Sterling Investments dropped 0.17 of a cent to 2 US cents with 3,000 stocks changing hands, Sygnus Credit Investments USD share fell 0.55 of a cent to 12.4 US cents in trading 1,075 stock units and Transjamaican Highway advanced 0.02 of a cent to close at 1 US cent, with 25,053 stocks crossing the exchange.
In the preference segment, JMMB Group 6% shed 0.23 of a cent to US$1.0977 with just two stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading remains elevated on JSE USD Market
On Wednesday, trading on the Jamaica Stock Exchange US dollar market ended with the volume of stocks declining by 16 percent with a 12 percent higher value than traded Tuesday, resulting in trading in 11 securities, similar to Tuesday with four rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index fell 1.15 points to end at 223.61.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 365,713 shares traded for US$39,700 compared to 433,985 units at US$35,454 on Tuesday. Trading averaged 33,247 units at US$3,609, versus 39,453 shares at US$3,223 on Tuesday, with a month to date average of 51,603 shares at US$3,211 versus 63,480 units at US$2,953 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows none ending with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share lost 0.9 of a cent in ending at 7.05 US cents while exchanging 51,317 shares, Margaritaville remained at 15.99 US cents in trading 14 stocks, MPC Caribbean Clean Energy ended unchanged at US$1.26, with one stock unit crossing the market.
Productive Business Solutions climbed 1 cent to close at US$1.19 with the swapping of two units, Proven Investments rose 0.19 of a cent to 25.99 US cents, with 83,622 shares changing hands, Sterling Investments advanced 0.07 of a cent to 2.17 US cents trading two units. Sygnus Credit Investments USD share finished at 12.95 US cents in an exchange of 100,750 shares and Transjamaican Highway declined 0.04 cents in closing at 0.98 US cents, with 130,000 stocks clearing the market.
In the preference segment, Equityline Mortgage Investments preference share remained at US$1.999 in exchanging one share. JMMB Group 5.75% ended unchanged at US$2.02 after two units were traded and JMMB Group 6% increased 0.23 of a cent to end at US$1.10 trading two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Expanded trading for JSEUSD market
The JSE US Denominated Equities Index dipped 0.41 points to end at 224.76.At the close, First Rock Capital USD share remained at 7.95 US cents in switching ownership of 8,290 shares, Margaritaville fell 0.01 of a cent after ending at 15.99 US cents, with 634 stocks clearing the market, MPC Caribbean Clean Energy ended unchanged at US$1.26 trading 2 stock units.
Productive Business Solutions fell 1 cent to US$1.18 in an exchange of three units, Proven Investments lost 0.19 of a cent in closing at 25.8 US cents and 78,144 shares crossing the market, Sterling Investments declined 0.1 of a cent in closing at 2.1 US cents and trading 13,110 stocks. Sygnus Credit Investments USD share finished at 12.95 US cents, with 47,993 units changing hands, Sygnus Real Estate Finance USD share shed 1.69 cents to close at 13 US cents while exchanging 145 stock units and Transjamaican Highway ended unchanged at 1.02 US cents with the swapping of 283,196 stock units.In the preference segment, JMMB Group 5.75% shed one cent in ending at US$2.02 in trading 2,467 stocks and JMMB Group 6% declined 0.23 of a cent to close at US$1.0977 in trading one unit.
Slippage for JSEUSD market
Trading ended on Monday on the Jamaica Stock Exchange US dollar market, with the volume of shares changing hands climbing 4,868 percent with a 366 percent higher value than on Friday, resulting in six securities trading, compared to eight on Friday with two rising and four ending unchanged.
The JSE US Denominated Equities Index fell 1.38 points to end at 225.17. The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to the end of August 2023.
A total of 645,181 shares traded for US$14,754 compared to 12,986 units at US$3,165 on Friday.
Trading on Monday averaged 107,530 units at US$2,459, compared to 1,623 shares at US$396 on Friday. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share finished at 7.95 US cents while exchanging eight shares,
Margaritaville ended unchanged at 16 US cents, with 66 stocks crossing the market, Proven Investments ended at 25.99 US cents after 26,010 units changing hands. Sygnus Credit Investments USD share increased 0.05 of a cent to end at 12.95 US cents in trading 14,537 stock units and Transjamaican Highway rose 0.03 of a cent to close at 1.02 US cents after an exchange of 604,558 units.
In the preference segment, JMMB Group 6% finished at US$1.10, trading two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index rallied 726.82 points to settle at 459,116.74, the JSE Main Index added 1,210.82 points to end at 401,715.42 and the JSE Financial Index dipped 0.09 points to settle at 93.33.
At the close, Berger Paints rose $1.45 to end at $11.95, with 52,121 shares crossing the exchange, Caribbean Cement lost $1 in closing at $69, trading 10,358 stock units, Eppley Caribbean Property Fund jumped $4 to $49, with 13,702 units crossing the market. GraceKennedy rallied 50 cents to close at $111, with 127,161 stocks changing hands, Guardian Holdings fell $11 in ending at $520 after exchanging 2,194 shares, Jamaica Broilers popped 60 cents in closing at $28.70 after trading 16,277 stock units. Jamaica Producers dropped $1.70 to $22.25 in exchanging 7,694 stocks, Jamaica Stock Exchange shed 96 cents to $22.99 with the swapping of 554,842 units, JMMB Group declined 79 cents to close at $47 after trading 360,914 shares. Key Insurance lost 33 cents to end at $4.37, with 70,828 units clearing the market, Kingston Wharves declined 70 cents in closing at $39.25 while exchanging 5,099 stocks, Mayberry Jamaican Equities climbed $2.11 to close at a 52 weeks’ high of $14.30 in an exchange of 69,072 stock units. NCB Financial shed $2 to $106.50 in switching ownership of 41,032 stocks, Palace Amusement advanced $99.95 to end at $1100 after trading 58 shares, PanJam Investment gained $2.50 in ending at $67 with 47,723 units changing hands. Proven Investments popped 50 cents in closing at $38 in exchanging 30,451 stock units, Sagicor Group fell $2 to $55 with an exchange of 16,409 shares, Scotia Group dropped 44 cents to close at $35.01 after 20,087 stocks crossed the market.
Supreme Ventures rose 46 cents to end at $29.96 in exchanging 233,006 units, Sygnus Credit Investments climbed 37 cents to $17 in switching ownership of 90,454 stock units and Wisynco Group fell $1 to $25 with an exchange of 704,723 units.
At the close, Berger Paints rose 50 cents to end at $10.50, with 6,364 shares crossing the market, Eppley gained $1.95 to close at $42.10 after exchanging 545 stock units, Eppley Caribbean Property Fund lost $3.50 in ending at $45 after trading 553 stocks. First Rock Capital climbed $1.58 in closing at $13.23 while exchanging 15,054 units, GraceKennedy dropped 50 cents to $110.50, with 192,130 shares changing hands, Guardian Holdings increased $15.15 in closing at $531 in exchanging 1,874 units. Jamaica Broilers shed 90 cents to end at $28.10 with the swapping of 27,361 stock units, Jamaica Stock Exchange advanced $1.70 to close at $23.95 with an exchange of 125,272 stocks, Margaritaville popped 90 cents to $21 after exchanging 2,000 stock units. Mayberry Investments fell 43 cents after finishing at $8.82 with 8,303 shares changing hands, Mayberry Jamaican Equities rallied 79 cents to end at $12.19 after 157,430 units crossed the market, NCB Financial advanced $2.10 to $108.50 in trading 31,069 stocks. PanJam Investment declined $1.55 to close at $64.50 with the swapping of 73,167 stock units, Portland JSX shed $1 in closing at $11, with 675 shares crossing the exchange, Proven Investments lost 49 cents in ending at $37.50 after switching ownership of 37,192 units.
Salada Foods gained 70 cents to $6.50, with 5,865 stocks clearing the market, Scotia Group rallied 45 cents to $35.45 in an exchange of 8,941 stock units, Seprod rose $10.05 to end at $73.05 after exchanging 124,121 stocks up to a 52 weeks’ intraday high of S80.57. Supreme Ventures dropped 50 cents in closing at $29.50, trading 229,819 shares and Wisynco Group climbed $1.80 to close at a 52 weeks’ high of $26 with 1,210,656 units changing hands.
At the close, Berger Paints lost 60 cents in closing at $11, trading 32,665 shares, Caribbean Cement dropped $3.95 to $67.15 while exchanging 31,080 units, First Rock Capital rallied $1.01 to close at $13.26 with an exchange of 26,604 stock units. GraceKennedy fell $1.95 to end at $107, with 764,383 stocks crossing the market, Jamaica Producers shed $1.45 in ending at $22.30 after an exchange of 56,875 stock units, JMMB Group declined 40 cents to $45.40 in switching ownership of 156,172 units, Kingston Wharves gained $4.50 in closing at $38.50 after 153,896 stocks crossed the exchange, Margaritaville declined $5.40 to $20.10 after exchanging 3,681 shares, Mayberry Jamaican Equities lost 60 cents to $11.40 in trading 245,372 shares. MPC Caribbean Clean Energy fell $8.75 to close at $102 in exchanging 199 stocks, NCB Financial popped $3.85 to $114.10 with 20,685 units clearing the market, Palace Amusement rose $95 to close at $1015 after finishing trading of 422 stock units. Portland JSX shed 40 cents in closing at $12 with the swapping of 69 units, Proven Investments advanced 88 cents to $37 and closed trading of 55,512 shares, Sagicor Group increased 48 cents to end at $57.97 after exchanging 130,033 stock units. Salada Foods dropped $1 to end at $5.69, with 45,609 stocks changing hands, Scotia Group climbed 33 cents to $36.13, with 241,414 shares crossing the market, Seprod shed $3.50 in closing at $58.30 in an exchange of 12,315 stock units.
Sygnus Credit Investments declined 50 cents to $16.50 in exchanging 236,881 stocks, Sygnus Real Estate Finance rose $2.94 to close at $18.05 in switching ownership of 5,482 units, Wisynco Group increased 35 cents, ending at a 52 weeks’ high of $24.85 while exchanging 77,458 units.
Trading averages 298,683 units at $5,469,921 compared to 266,813 shares at $7,163,958 on Friday. April closed with an average of 532,209 units at $5,709,319.
Salada Foods increased 59 cents in a finish at $6.69 after 192,342 shares crossed the exchange, Scotia Group shed 40 cents to end at $35.80 with an exchange of 29,148 stocks. Supreme Ventures rallied $1 to $28.50, trading 523,606 units, Sygnus Credit Investments advanced 52 cents to close at $17 with the swapping of 164,871 stocks, Sygnus Real Estate Finance declined $1.19 in ending at $15.11 after switching ownership of 1,346 stock units and Wisynco Group rallied $1.50 in closing at $24.50 in an exchange of 106,590 shares.