Market activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 43 percent with 12 percent less value than Wednesday as 58 securities were exchanged compared to 52 on Wednesday, with 24 rising, 18 falling and 16 remaining unchanged.
Investors exchanged 8,634,954 shares for $65,465,672 versus 15,124,626 units at $74,624,156 on Wednesday. Trading averaged 148,879 units at $1,128,718 versus 290,858 shares at $1,435,080 on Wednesday and month to date, an average of 816,008 units at $5,041,153, compared to 856,824 units at $5,280,521 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
Wigton Windfarm led trading with 4.36 million shares for 50.5 percent of total volume, followed by Transjamaican Highway with 960,791 units for 11.1 percent of the day’s trade and Supreme Ventures traded 786,773 units for 9.1 percent market share.
The All Jamaican Composite Index popped 5,021.15 points to 409,700.08, the JSE Main Index climbed 7,542.39 points to s 360,761.38 and the JSE Financial Index rallied 0.98 points to settle at 86.44.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with their financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Producers declined 50 cents in closing at $13, with 37,948 shares crossing the market, Eppley Caribbean Property Fund increased $4.99 to end at $44.99 in swapping of six units, GraceKennedy rallied $2 to $96, with 4,758 stocks crossing the exchange. Guardian Holdings fell $37.46 to $520, closed at 29 stock units, Jamaica Producers gained 85 cents ending at $20.98 after a transfer of 6,447 stock units, Jamaica Stock Exchange lost 93 cents to close at $15.07 as investors exchanged 13,509 stocks. JMMB Group shed 95 cents to end at $40.30 with a transfer of 164,695 shares, Kingston Properties popped 40 cents to $7.40 with 1,954 units clearing the market, Kingston Wharves climbed $3.38 in closing at $37.50 in trading 3,443 stock units. Margaritaville dipped 45 cents in ending at $27.55, with four units crossing the market, Massy Holdings dropped $1 to a 52 weeks’ low of $74 after exchanging 2,077 stocks, Mayberry Investments advanced 65 cents to end at $9.90 in trading 13,575 shares. MPC Caribbean Clean Energy rose $16.22 to $82, with 13 stock units changing hands, NCB Financial increased 40 cents to $92.90 with investors transferring 40,434 units, 138 Student Living rose $1.04 to close at $6.95 after exchanging 507,024 shares. Palace Amusement climbed $44.99 in closing at $734.99 in trading 45 stocks, PanJam Investment popped $2 to close at $62 in switching ownership of 6,805 stocks, Portland JSX shed 40 cents to end at $10.50 in an exchange of 158 shares. Proven Investments gained $1.50 after finishing at $33 while exchanging 5,206 units, Seprod advanced 40 cents to $69.40 with an exchange of 115 stock units, Stanley Motta rallied 69 cents to close at $5.29 in trading 3,000 stock units. Supreme Ventures increased 50 cents to end at $30 after exchanging 786,773 shares, Sygnus Credit Investments advanced 40 cents to $13.50, with 23,180 units crossing the market and Sygnus Real Estate Finance climbed $1.14 in closing at $10.94 after trading ten stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rally for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 16 percent buy with a 75 percent lower value than on Wednesday, resulting in six securities traded, compared to eight on Wednesday with one rising, one declining and four ending unchanged.
Overall, 954,744 shares were traded for US$59,481 compared to 819,705 units at US$242,568 Wednesday. Trading averaged 159,124 units at US$9,914, versus 102,463 shares at US$30,321 on Wednesday, with a month to date average of 56,947 shares at US$8,704 versus 52,992 units at US$8,657 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index rose 9.00 points to end at 206.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share remained at 4 US cents in an exchange of 41,225 shares, Productive Business Solutions climbed 5 cents to end at US$1.20 after a transfer of 4,819 stock units, Proven Investments lost 1 cent in closing at a 52 weeks’ low of 19 US cents, with 193,028 units changing hands. Sterling Investments ended at 2.09 US cents, with investors transferring 2,840 stocks and Transjamaican Highway closed at 0.85 of a US cent in exchanging 708,836 stock units.
In the preference segment, JMMB Group 5.75% remained at US$1.7425, with 3,996 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up prices down
Investors pushed trading on the Jamaica Stock Exchange US dollar market higher on Wednesday, with the volume and value of stocks exchanged rising 72 percent and 146 percent, respectively, compared to Tuesday, resulting in the trading of eight securities compared to seven on Tuesday with one rising, three declining and four ending unchanged.
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.
The JSE US Denominated Equities Index fell 5.30 points to end at 197.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents after exchanging 383,273 shares, Productive Business Solutions remained at US$1.15 in trading 1,002 units, Proven Investments ended at 20 US cents after an exchange of 178,876 stocks after trading at an intraday weeks’ low of 1.9 cents. Sygnus Credit Investments USD share fell 0.01 of a cent in ending at 11.11 US cents with an exchange of 44,218 stock units and Transjamaican Highway shed 0.1 of a cent to close at 0.85 US cents in exchanging 27,222 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 in an exchange of 106 stock units, JMMB Group 5.75% rose 4.25 cents to US$1.7425 while exchanging five shares and JMMB Group 6% declined 9 cents to US$1, with 185,003 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks traded declining 51 percent, with a 56 percent lesser value than on Friday, resulting in the exchange of six securities, compared to nine on Friday, with three rising, two declining and one ending unchanged.
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.
The JSE US Denominated Equities Index rose 4.49 points to end at 204.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and one stock with a lower offer.
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.
In the preference segment, JMMB Group 6% shed 1 cent to close at US$1.09, with four shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE USD stocks
The Jamaica Stock Exchange US dollar market closed on Friday with the volume of stocks traded rising 102 percent, with the value rising 24 percent over Thursday, resulting in nine securities traded, compared to 12 on Thursday with two rising, four declining and three ending unchanged.
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.
The JSE US Denominated Equities Index dived 13.99 points to end at 200.31.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents, with 707,600 shares clearing the market, Productive Business Solutions shed 17 cents in ending at US$1.15 after 11 stock units were traded, 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.
In the preference segment, Eppley 6% preference share fell 2 cents after ending at US$1.13 in exchanging three stock units, Equityline Mortgage Investment preference share remained at US$1.85 after exchanging two stocks and JMMB Group 6% ended unchanged at US$1.10 with investors transferring one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.