Tuesday’s rally was short-lived for the JSE USD market, with the market Index dropping 8.60 points to settle at 185.77 points on Wednesday, into negative territory for the year, after six securities changed hands versus seven on Tuesday and ended, with two stocks rising, one declining and three closing unchanged.
The PE Ratio, a measure that computes an appropriate value of stocks, averaged 11.7 based on ICInsider.com’s forecast earnings for 2021-22.
A total of 132,046 shares traded for US$23,136 versus 127,924 units at US$32,789 on Tuesday.
Trading averaged 22,008 units at US$3,856, compared to 18,275 shares at US$4,684 on Tuesday. Month to date averages 19,998 units at US$4,302. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, Proven Investments spiked 1.94 cents to 24.98 US cents with 5,102 shares passing through the market, Sterling Investments remained at 2.15 US cents with a transfer of 13,589 stocks, Sygnus Credit Investments finished at 13 US cents with 963 stock units traded and Transjamaican Highway fell 0.14 of a cent to 0.78 US cents with 101,550 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% climbed 3 cents to US$2.05 with investors switching ownership of 9,342 units and JMMB Group 6% closed at US$1.03 with 1,500 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index rose 170.16 points to 461,596.19, the JSE Main Index shed 189.24 points to end at 421,657.62 and the JSE Financial Index dipped 0.18 points to 103.56.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four with lower offers.
Sygnus Credit Investments popped 58 cents to $14.80 after exchanging 63,362 shares but after trading at a 52 weeks’ intraday low of $13.99 and Wisynco Group lost 22 cents to settle at $15.65 with 362,752 stocks crossing the market.
Seven securities changing hands up from four on Friday, with the prices of three stocks rising, three declining and one ending unchanged.
At the close, First Rock Capital rose 0.01 of a cent to 7.26 US cents after trading 45,850 shares, Margaritaville settled at 9 US cents with 20 stocks changing hands, Productive Business Solutions fell 3 cents to 77 US cents with a transfer of 194 units. Proven Investments lost 1.96 cents to close at 23.04 US cents with 75,056 shares passing through the market, Sygnus Credit Investments popped 1 cent to 13 US cents with 1,504 units traded and Transjamaican Highway climbed 0.17 of a cent to 0.92 US cents with 100 stock units crossing the exchange.
The All Jamaican Composite Index fell 2,057.62 points to end at 461,426.03, the JSE Main Index fell 2,288.15 points to 421,846.86 and the JSE Financial Index slipped 0.74 points to 103.74.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
PanJam Investment shed $1 to close at $64 in trading 3,648 stocks, Pulse Investments fell 20 cents to $3.80 with 20,645 shares clearing the market. Sagicor Group shed $2 to settle at $56 with 71,600 stocks changing hands, Scotia Group fell $1 to $41 after crossing the exchange with 9,844 units, Stanley Motta shed 45 cents at $5.30 with a transfer of 38,239 stocks, Supreme Ventures popped 20 cents to $20.20 in trading 27,025 units and Sygnus Credit Investments lost 28 cents to close at $14.22 in switching ownership of 30,162 stocks.
The All Jamaican Composite Index added just 48.11 points to end at 460,076.56, the JSE Main Index shed 405.69 points to finish at 420,886.99 and the JSE Financial Index slipped 0.23 points to 103.72.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and two with lower offers.
Sagicor Group declined $1 to $55 with 57,606 stock units crossing the market, Scotia Group spiked 50 cents to $41.50 with 446 units clearing the market and Supreme Ventures shed 50 cents at $20 in switching ownership of 10,621 stocks.
Trading ended with five securities changing hands, up from four on Wednesday, with the prices of two rising, two declining and one remaining unchanged. The JSE USD Equity Index added 1.24 points to end at 186.73.
Investor’s Choice bid-offer indicator shows one stock ending, with the bid higher than the last selling price and three, with lower offers.
At the close at trading, the All Jamaican Composite Index bolted 4,368.07 points to 460,028.45, the JSE Main Index climbed 3,966.51 points to end at 421,292.68 and the JSE Financial Index rose 1.49 points to 103.95.
June ended with an average of 249,610 units at $3,877,606.
NCB Financial Group rose 50 cents to $142 with 8,605 stocks clearing the market, Palace Amusement shed $1 to end at $1,020 in transferring 67 units, Scotia Group popped $2.01 to $41 after 325,790 stock units crossed the exchange and Supreme Ventures advanced $1.25 to $20.50, with 708,931 shares changing hands.
Trading ended with four securities changing hands, compared to five on Tuesday, with the prices of two stocks rising and two declining.
Investor’s Choice bid-offer indicator shows one stock ended, with the bid higher than the last selling price and two with lower offers.
Trading ended with five securities changing hands, compared to six on Monday, with the prices of one stock rising and four declining.
At the close, First Rock Capital gained 0.74 of a cent to end at 7.9 US cents with 13,597 shares traded, Proven Investments dropped 2 cents to 23 US cents with an exchange of 4,332 stocks, Sygnus Credit Investments J$ denominated stock declined 0.7 of a cent to finish at 15.3 US cents with a transfer of 48 units. Sygnus Credit Investments US$ denominated stock fell 0.8 of a cent to 12.2 US cents with investors switching ownership of 10,250 stock units and Transjamaican Highway slipped 0.05 US of a cent to 0.88 of a US cent with 5,019 stocks crossing the exchange.
The All Jamaican Composite Index declined by 1,098.23 points to 455,660.38, the JSE Main Index dropped 1,177.18 points to end at 417,326.17 and the JSE Financial Index shed 0.31 points to close at 102.46.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
Proven Investments popped 89 cents to $34.99 with 33,406 units clearing the market, Sagicor Group rose $2.08 to $56 with 20,997 shares crossing the exchange, Scotia Group spiked 29 cents to $38.99, with 58,593 stocks trading. Seprod popped 50 cents to $70.50 in transferring 404,614 units, Sterling Investments shed 20 cents to end at $2.80 with the swapping of 350,000 stock units and Wisynco Group gained 29 cents to finish at $15.99 in switching ownership of 1,714,772 shares.