Trading on the USD market ended on Wednesday with the market rebounding, as the volume of shares changing hands jumped 714 percent for 543 percent more value than on Tuesday, resulting in more stocks rising than falling and the market index just inching higher.
Overall, 901,226 shares changed hands for US$72,066 up from 110,662 units at US$11,208 on Tuesday.
Trading averaged 112,653 units at US$9,008, compared to 22,132 shares at US$2,242 on Tuesday and the month to date averages 95,210 at US$10,189 versus 93,349 units at US$10,315 on Tuesday. August ended with an average of 210,413 shares for US$12,959.
Eight securities traded, compared to five on Tuesday with prices of five rising, two declining and one ending unchanged.
The US Denominated Equities Index popped 0.27 points to 185.09. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling prices and one with a lower offer.
At the close, First Rock Capital popped 0.01 of a cent to 7.01 US cents with investors switching ownership of 825,502 shares, Margaritaville advanced 0.25 of a cent to 9 US cents trading 6,943 units, MPC Caribbean Clean Energy lost 4 cents to settle at US$1 with 20 stock units traded. Productive Business Solutions 2 cents to 75 US cents with a transfer of 5 stocks, Proven Investments gained 1 cent to close at 23.8 US cents with 55,987 shares passing through the market, Sterling Investments rose 0.1 of a cent to end at 2 US cents with 10,162 stocks traded. Sygnus Credit Investments USD climbed 0.6 of a cent to 12.9 US cents with 2,575 units changing hands and Transjamaican Highway remained unchanged at 0.89 US cents with 32 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rebounds on JSE USD Market Wednesday
Stock losses for JSE US Market
Trading ended with the market declining after investors exchanged 39 percent fewer shares for 32 percent less funds on Tuesday than on Monday, on the Jamaica Stock Exchange US dollar market, resulting from declining stocks dominating market activity.
Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended with four stocks declining and one remaining unchanged. The JSE US Denominated Equities Index slipped 0.91 points to end at 184.82.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 110,662 shares traded for US$11,208 compared to 180,46 units at US$16,528 on Monday.
Trading averaged 22,132 units at US$2,242 compared to 45,115 shares at US$4,132 on Monday and month to date averages 93,349 at US$10,315 versus 98,436 units at US$10,892 on Monday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville shed 0.25 of a cent to 8.75 US cents with an exchange of 61,940 shares, Proven Investments fell 0.2 of a cent to 22.8 US cents with 9,402 stocks traded, Sterling Investments declined 0.24 of a cent to 1.9 US cents with a transfer of 30,205 units and Sygnus Credit Investments USD share dipped 0.6 of a cent to 12.3 US cents with 7,130 stock units crossing the exchange.
In the preference segment, JMMB Group 6% traded 1,985 shares at US$1.01.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE US market to close week
Trading on the US dollar market of the Jamaica Stock Exchange ended on Friday with the index advancing after investors exchanged 97 percent fewer shares than on Thursday, with 99 percent less value, resulting in an even number of stocks rising and falling.
Similar to Thursday, trading on Friday ended with five securities changing hands, with the prices of one rising, one declining and three remaining unchanged.
The US Denominated Equities Index popped 1.44 points to end at 181.70.
The PE Ratio, a measure that computes appropriate stock values averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 142,093 shares traded for just US$3,779 down from 4,784,977 units at US$360,436 on Thursday. Trading averaged 28,419 units at US$756 versus 956,995 shares at US$72,087 on Thursday, with an average of 101,668 shares at US$11,301, month to date, versus 107,672 units at US$12,166 on Thursday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital fell 0.5 of a cent to 7 US cents with an exchange of 8,000 shares, Margaritaville remained at 9 US cents with 9,000 units traded, Proven Investments rose 0.04 of a cent to finish at 22.06 US cents with 1,938 stocks changing hands. Sygnus Credit Investments USD share settled at 12.5 US cents with the switching ownership of 8,155 stock units and Transjamaican Highway finished trading at 0.81 US cents with 115,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
First Rock Capital drives trading volume
First Rock Capital traded over 4.7 million stock units on the JSE USD market on Thursday, driving the volume of shares changing hands up by 6,728 percent, while the value surging 2925 percent above Wednesday’s levels and had a hand in rising stocks just outnumbering falling ones.
Five securities traded compared to four on Wednesday, with the prices of two rising, one declining and two closning unchanged. The US Denominated Equities Index inched 0.24 points higher to 180.26. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 4,784,977 shares traded for US$360,436 compared to just 70,076 units at US$11,915 on Wednesday. Trading averaged 956,995 units at US$72,087 compared to 17,519 shares at US$2,979 on Wednesday and month to date averages 107,672 at US$12,166 versus 31,839 units at US$6,816 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital rose half a cent to 7.5 US cents with a solid 4,728,266 shares traded, Margaritaville remained at 9 US cents with an exchange of 41,000 units, Proven Investments dropped 1.38 cents to end at 22.02 US cents with a transfer of 8,700 stock units. Sterling Investments increased by 0.4 of a cent to close at 2.14 US cents with 2,027 stocks changing hands and Sygnus Credit Investments USD stock settled at 12.5 US cents with 4,984 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest trading levels for JSE USD Market
Trading on Wednesday ended with the volume of shares changing hands declining 64 percent from Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in four securities changing hands, compared to three on Tuesday with prices of two rising, one declining and one closing unchanged.
The US Denominated Equities Index gained 1.28 points to end at 180.02. The PE Ratio, a measure that computes appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 70,076 shares traded for US$11,915 compared to 195,595 units at US$22,214 on Tuesday. Trading averaged 17,519 units at US$2,979, compared to 65,198 shares at US$7,405 on Tuesday, while the month to date averages 31,839 at US$6,816 versus 32,941 units at US$7,111 on Tuesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital advanced 0.2 of a cent to close at 7 US cents after exchanging 22,581 shares, Proven Investments gained 1.39 cents in ending at 23.4 US cents as 29,528 stocks passed through the market, Sygnus Credit Investments US$ share remained at 12.5 US cents in trading 17,238 units. In the preference segment, JMMB Group 5.75% shed 1 cent in closing at US$2.02 after exchanging 729 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
Palace Amusement popped $50 in closing at $1,050 in trading four shares, Proven Investments gained 27 cents to end at $32.37 after clearing the market with 15,512 stock units. Sagicor Real Estate Fund fell 50 cents in ending at $8 with an exchange of 14,870 stocks, Salada Foods lost 43 cents to $6.50 in switching ownership of 28,135 shares, Scotia Group declined 45 cents to close at $39.55 after exchanging 19,323 stock units. Seprod shed $2 after ending at $64 in trading 83,383 shares and Sygnus Credit Investments lost 39 cents in closing at $15.50, with 102,675 shares crossing the market.
The All Jamaican Composite Index shed 533.05 points to settle at 446,260.46, the Main Index declined 448.18 points to 406,502.58 and the JSE Financial Index lost 0.20 points to end at 98.82.
Trading averages 129,172 units at $1,172,727, compared to 77,870 shares at $972,833 on Friday and month to date, an average of 319,241 units at $3,702,393, compared to 334,040 units at $3,899,360 on Friday. August closed with an average of 480,039 units at $8,561,549.
PanJam Investment spiked 50 cents to close at $62.50 in switching ownership of 9,994 stock units, Seprod advanced $1.99 to end at $66 with 15,237 units clearing the market, Supreme Ventures dropped 20 cents to $17.80 in trading 4,260 units, Victoria Mutual Investments rose 27 cents in closing at $5.65 after trading 95,734 stocks.
The All Jamaican Composite Index mustered a 91.03 points rise to 446,793.51, the Main Index picked up 309.70 points to end at 406,950.76 and the JSE Financial Index popped 0.20 points to 99.02.
Trading averages 77,870 units at $972,833, compared to 196,056 shares at $5,676,218 on Thursday and month to date, an average of 334,040 units at $3,899,360, compared to 355,670 units at $4,146,467 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Proven Investments gained 40 cents to close at $32 in an exchange of 3,050 units, Seprod shed $1.99 to close at $64.01, with 2,316 shares changing hands, Stanley Motta spiked 55 cents to $5.60 after 1,355 stock crossed the market, Supreme Ventures rose 49 cents to $18, with 12,588 shares clearing the market and Wisynco Group lost 33 cents in ending at $15.65 and trading 61,336 stocks.
The All Jamaican Composite Index dipped 77.60 points to settle at 446,702.48, the Main Index fell 447.04 points to 406,641.06 and the JSE Financial Index lost 0.09 points to end at 98.82.
Trading averages 196,056 units at $5,676,218, compared to 96,394 shares at $1,072,847 on Wednesday and month to date, an average of 355,670 units at $4,146,467, compared to 371,981 units at $3,990,142 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
PanJam Investment popped $3 to $65 780 after stock units crossed the market, Portland JSX dropped 97 cents in closing at $7.03 after 1,754 shares changed hands, Proven Investments increased 54 cents to close at $31.60 after exchanging 30,082 stocks. Sagicor Group climbed $1 to close at $54 while trading 285,469 units, Scotia Group gained $1.30 to close at $39.90 after exchanging 3,566 stocks, Seprod spiked $2 to $66 in trading 9,079 units. Supreme Ventures lost 49 cents to end at $17.51, with 9,378 shares changing hands, Sygnus Credit Investments rallied 52 cents to end at $15.89 while exchanging 2,845 stock units and Wisynco Group popped 23 cents to $15.98 with the swapping of 363,061 shares.
Investor’s Choice bid-offer indicator shows sixteen stocks ended with bids higher than their last selling prices and two with lower offers.
Sagicor Group slipped $1 to $53 in exchanging 17,365 shares, Scotia Group shed 96 cents to end at $38.60 after a transfer of 68,535 stocks, Seprod declined $2 to $64 with an exchange of 5,832 units. Supreme Ventures fell 50 cents to $18 in switching ownership of 241 shares, Sygnus Credit Investments dipped 33 cents to $15.37 in trading 9,182 stock units.