Stocks mostly rose at the close of trading on Thursday, with the market inching higher after trading 47 percent shares than on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising.
Trading ended with five securities changing hands for a second consecutive day, ending with three rising, two declining and none ended unchanged.
JSE USD Equity Index slipped 0.25 points to end at 199.14. The average PE Ratio ends at 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 268,082 shares amounting to US$45,538, down from 507,955 units at US$159,801 on Wednesday.
Trading averaged 53,616 units at US$9,108, in contrast to 101,591 shares at US$31,960 on Wednesday. Trading averaged 58,519 units for the month to date at US$12,218 in contrast to 60,051 units at US$13,190 on Wednesday. By comparison, February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital declined 0.4 cents to 8.5 US cents in exchanging 80,552 shares, Proven Investments rose 3 cents to 27 US cents after 158,458 stocks cleared the market. Sterling Investments advanced 0.27 of a cent to 2.38 US cents after 26,312 units crossed the exchange and Sygnus Credit Investments gained 0.28 of a cent to close at 14.2 US cents trading 2,705 stock units.
In the preference segment, JMMB Group 6% dropped 8 US cents to end at US$1.02, with switching ownership of 55 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks inched higher on JSE USD market
Trading picks up for US$ traded stocks
Trading activity picked up on Wednesday, with a jump of 282 percent in the value of traded stocks after a 23 percent increase in the number of shares changing hands over Tuesday at the close of the Jamaica Stock Exchange US dollar market.
At the close, five securities changed hands, compared to six on Tuesday, with prices of two rising, one declining and two remaining unchanged.
The JSE USD Equity Index gained 3.38 points to end at 199.39, to be up 7 percent for the year to date. The PE Ratio averages 13.8 based on ICInsider.com forecast of 2020-21 earnings.
The market closed with an exchange of 507,955 shares for US$159,801, up from 414,346 units at US$41,873 on Tuesday.
Trading averaged 101,591 units at US$31,960, in contrast to 69,058 shares at US$6,979 on Tuesday. Month to date trading averaged 60,051 units at US$13,190, in contrast to 41,169 units at US$4,658 on the prior trading day. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and one with a lower offer.
At the close, First Rock Capital ended at 8.90 US cents trading 7,103 shares, Productive Business Solutions rose 9.15 cents to a 52 weeks’ high of US$1, with the swapping of 145,306 stocks, Proven Investments closed at 24 US cents in exchanging 37,603 units. Sygnus Credit Investments fell 0.96 cents to close at 13.92 US cents trading 15,779 stock units and Transjamaican Highway gained 0.03 of a cent to end at 0.93 of a US cent, after an exchange of 302,164 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market slips for a second day
The US dollar market of the Jamaica Stock Exchange closed trading on Tuesday, with the market declining after trading 976 percent more shares than on Monday, resulting in more stocks falling than rising but with values climbing 347 percent.
Investors traded six securities, compared to five on Monday and closed with the prices of one rising, two declining and three ending unchanged. The JSE USD Equity Index shed 3.08 points to end at 196.01.
The PE Ratio averages 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 414,346 shares, for US$41,873 compared to 38,508 units at US$9,365 on Monday.
Trading averaged 69,058 units at US$6,979, in contrast to 7,702 shares at US$1,873 on Monday. Trading month to date averaged 41,169 units at US$4,658. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of the market, First Rock Capital closed at 8.9 US cents trading 4,000 shares, Proven Investments lost 0.56 of a cent in closing at 24 US cents, with 124,040 stock units changing hands, Sterling Investments carved out a gain of 0.01 of a cent to end at 2.11 US cents in trading 26,733 stocks. Sygnus Credit Investments ended at 14.88 US cents in exchanging 65,516 units and Transjamaican Highway dropped 0.03 of a cent in closing at 0.9 US cents, exchanging 194,032 stock units.
In the preference segment, JMMB Group 5.75% settled at US$2.03, trading 25 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Most stocks fall first day of the month
Stock market trading remained consistent with five securities changing hands on Monday, similar to Friday and ended with the prices of four declining and one remaining at the close of the US dollar market of the Jamaica Stock Exchange.
JSE USD Equity Index slipped 1.63 points to end at 199.09 and the average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 38,508 shares, for US$9,365, down from 235,956 units at US$4,372 on Friday.
Trading averaged 7,702 units at US$1,873, in contrast to 47,191 shares at US$874 on Friday. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital dropped 0.1 of a cent to close at 8.9 US cents in trading 15,000 shares, Proven Investments lost 0.44 of a cent to close at 24.56 US cents trading 1,900 stocks, Sterling Investments fell 0.1 of one cent to 2.1 US cents with the swapping of 1,800 units and Sygnus Credit Investments shed 0.012 of a cent to 14.88 US cents after exchanging 17,308 shares.
In the preference segment, JMMB Group 5.75% ended at US$2.03 in trading 2,500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE USD stocks
Stocks mostly closed higher in trading on Friday, with the market Index advancing 5.55 points to 200.72 at the close of trading on the US dollar market of the Jamaica Stock Exchange, with 23 percent reduced volume and the value traded falling 84 percent from Thursday’s activity.
Similar to Thursday, five securities traded with two stocks rising, one declining and two ending unchanged. The PE Ratio averages 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 235,956 shares for a mere US$4,372, down from 305,332 units at US$28,042 on Thursday.
Trading averaged 47,191 units at US$874, in contrast to 61,066 shares at US$5,608 on Thursday. Trading month to date averaged 69,547 units at US$9,223, compared to 70,676 units at US$9,645 on the prior trading day. January averaged 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows no stock ending with he bid higher than the last selling price and one with lower offers.
At the close of the market, First Rock Capital remained at 9 US cents trading 11,088 shares, Productive Business Solutions rose 11.85 cents to a 52 weeks’ high of 90.85 US cents in an exchange of 153 units, Proven Investments was unchanged at 25 US cents, after 4,020 stock units crossed the exchange. Sygnus Credit Investments gained 0.87 of a cent to close at 14.89 US cents in switching ownership of 1,176 units and Transjamaican Highway declined 0.02 of a cent in closing at 0.93 of a US cent with 219,519 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index fell 2,201.29 points to 433,411.08, the Main Index dropped 1,957.22 points to 395,223.27 and the JSE Financial Index lost 0.51 points to settle at 100.07.
Trading averaged 411,240 units at $1,482,838 for each security, compared to an average of 303,306 shares at $1,419,986 on Tuesday. Trading month to date averaged 358,582 units at $1,676,782 for each security, in contrast to 336,641 units at $1,757,591 on Tuesday. February closed with an average of 419,015 units at $2,509,660.
NCB Financial declined $1 to $141, with 53,913 stock units crossing the market, Palace Amusement dropped $67.03 to $885, with 210 units changing hands, PanJam Investment finished 90 cents lower at $64.10 trading 8,674 stock units. Proven Investments advanced $1.75 to $39, with an exchange of 35,591 stocks, Sagicor Real Estate Fund rose 43 cents to $8.35 with the swapping of 15,997 shares, Salada Foods declined $2.99 to $38.51 with 8,295 units clearing the market. Stanley Motta gained 34 cents to close at $5.35 after exchanging 212 units and Supreme Ventures fell $1.20 to $15 in transferring 90,750 stocks.
The All Jamaican Composite Index declined 1,342.33 points to 435,612.37, the Main Index shed 1,189.08 points to 397,180.49, and the JSE Financial Index gained 0.23 points to settle at 100.58.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and none with a lower offer.
Portland JSX shed $1.40 to close at $7.10 in transferring 6,500 stocks, Proven Investments fell $2.15 to $37.25, after an exchange of 26,284 units, Sagicor Group advanced $1.90 to $52, with 20,712 stocks clearing the market. Sagicor Real Estate Fund fell $1.07 to $7.92 in a transfer of 379 stocks, Salada Foods rose 50 cents to $41.50 after trading 9,418 stocks. Scotia Group climbed $1.50 to $42.50, with 34,379 shares changing hands, Seprod gained 50 cents to end at $70 in trading 9,783 stocks and Stanley Motta shed 34 cents to $5.01, with 16,000 stock units crossing the market.
Several stocks posted strong gains leading the market into positive for the year to date, for only the second time since the start of the year, with January 5th being the only other day the market recorded gains over the 2020 close. The All Jamaican Composite Index climbed 4,304.98 points to 436,954.70 at the close, the Main Index advanced 3,840.76 points to 398,369.57, but the JSE Financial Index slipped 037 points to 100.35.
Palace Amusement dropped $49 to $801, with 683 shares crossing the market, PanJam Investments rose $1 to $65, in an exchange of 13,660 stocks, Portland JSX ended $1.40 higher at $8.50, with the swapping of 2,000 units,
The market should move higher during the coming week following record breaking results by
Trading for the day averaged 759,048 units at $2,394,191, Thursday ended with an average of 338,795 shares at $1,351,229. Trading month to date averaged 419,015 units at $2,509,660 for each security, in contrast to 399,667 units at $2,516,231 on Thursday. January closed with an average of 311,275 units at $1,432,133.
Sagicor Real Estate Fund picked up 48 cents to close at $8.30, after 155,883 shares crossed the market, Salada Foods climbed $3.50 to $44, exchanging 97 stocks. Scotia Group lost 50 cents in ending at $42.50 trading 34,852 units, Seprod shed 54 cents to $69, with the swapping of 8,011 shares, Stanley Motta gained 35 cents to settle at $5.35, with 50 units clearing the market. Sterling Investments ended 36 cents higher at $3 in an exchange of 33,207 stock units and Supreme Ventures climbed $1.60 to $16.90 with 138,316 units changing hands.
The All Jamaican Composite Index inched 3.97 points up to 430,240.96 the Main Index rose 15.10 points to 392,402.29, and the JSE Financial Index rose 0.14 points to settle at 99.94.
Trading for the day averaged 338,795 units at $1,351,229, compared to an average of 626,545 shares at $3,374,266 on Wednesday. Trading month to date averages 399,667 units at $2,516,231, versus 403,340 units at $2,586,520 on Wednesday. Trading in January averaged 311,275 units at $1,432,133.
Portland JSX declined $1.20 to $7.10 in trading 8,000 stocks, Proven Investments closed $1.20 lower at $36 after exchanging 4,285 units, Sagicor Group gained 29 cents to close at $51.60, with the swapping of 4,089 shares. Salada Foods dropped $1 to $40.50 with a transfer of 2,182 shares, Scotia Group gained 50 cents to end at $43, with 15,411 stock units crossing the exchange. Sterling Investments shed 36 cents to $2.64 in exchanging 62,320 stocks, Supreme Ventures dropped 60 cents to close at $15.30, after a transfer of 527,323 units and Sygnus Credit Investments lost 54 cents to close at $14.95 in trading 14,288 shares.