Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining by 18 percent and the value 89 percent lower than on Friday, with trading in 55 securities compared to 52 on Friday, with prices of 19 rising, 23 declining and 13 ending unchanged.
The market closed with trading of 15,892,941 shares valued $40,238,845 compared to 19,335,881 units at $380,400,356 on Friday.
Trading averaged 288,963 shares at $731,615 compared to 371,844 units at $7,315,391 on Friday and month to date, an average of 205,891 units at $1,499,211 compared with 197,054 units at $1,580,870 on the previous day and December that closed with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 8.92 million shares for 56.1 percent of total volume followed by Transjamaican Highway with 2.37 million units for 14.9 percent of the day’s trade, Sagicor Select Financial Fund with 1.70 million units for 10.7 percent market share and Ciboney Group with 1.35 million units for 8.5 percent of total volume.
The All Jamaican Composite Index declined 2,854.05 points to finish at 356,985.14, the JSE Main Index sank 873.63 points to conclude trading at 321,365.17 and the JSE Financial Index slipped 0.53 points to 68.33.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Barita Investments fell $1.10 to $71.30 after 1,837 stocks passed through the market, Caribbean Cement shed $1.40 in closing at $55.50 after an exchange of 14,235 shares. Eppley lost 89 cents to end at $37.10, with 150 stock units crossing the market, First Rock Real Estate gained 99 cents to close at $7 after an exchange of 29,573 shares, General Accident sank 40 cents to $5.35 with a transfer of 1,285 stocks. GraceKennedy skidded $1 to close at $78 while exchanging 104,553 units, Guardian Holdings dropped $9.49 in closing at $350.51 with investors transferring 622 stock units, Jamaica Broilers declined 48 cents and ended at $33.52 in an exchange of 16,917 shares.
MPC Caribbean Clean Energy rose $1 to end at $91, with 380 stock units crossing the market, NCB Financial rallied $1.95 to $67.40 in an exchange of 39,356 units, Scotia Group dipped 35 cents to close at $39.03 after 27,475 stocks were traded. Seprod increased $1.95 and ended at $85.95 as investors exchanged 2,639 units, Stanley Motta sank 76 cents to $5.27 in trading 47,893 stocks, Supreme Ventures dropped 81 cents to end at $25 with 45,360 shares clearing the market and Sygnus Credit Investments lost 48 cents in closing at $10.50 with traders dealing in 102,871 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The volume of stocks traded climbed 15 percent and the value surged 904 percent higher than in Thursday’s market activity, with trading in 52 securities compared with 57 on Thursday, with prices of 17 stocks rising, 18 declining and 17 ending unchanged.
GraceKennedy ended with 3.29 million units for 17 percent of market share, Carreras closed with 2.46 million units for 12.7 percent market share and Radio Jamaica had an exchange of 1.12 million units for 5.8 percent of total volume.
First Rock Real Estate declined $1.04 and ended at $6.01 in switching ownership of 31,007 units, General Accident increased 75 cents to end at $5.75, with 6,000 stocks crossing the market, GraceKennedy fell 50 cents in closing at $79 in an exchange of 3,289,510 stock units. Jamaica Stock Exchange skidded 47 cents to $10.03 with investors dealing in 12,696 shares, JMMB Group climbed 88 cents and ended at $24.68 with a transfer of 1,638 stock units, NCB Financial lost $2.05 to end at $65.45, with 434,995 shares clearing the market. Pan Jamaica popped 30 cents to close at $50.50 with investors transferring 4,051 stock units, Scotia Group gained 50 cents to close at $39.38 after 599,431 stocks were traded and Supreme Ventures rose 51 cents in closing at $25.81 with traders dealing in 4,470 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 16,799,684 shares costing a total of $37,893,948 compared to 12,511,690 units at $136,341,735 on Wednesday.
The Main Market ended trading with an average PE Ratio of 13.5. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
JMMB Group dipped $1.15 to close at 52 weeks’ low of $23.80, with 41,688 stock units passing through the market, Margaritaville rose $2.58 to $17.58 after exchanging 111 stocks, Massy Holdings skidded $1.45 to $89 in trading 7,007 units. Mayberry Jamaican Equities gained 52 cents to end at $9.53 after an exchange of 68,648 stock units, Sagicor Group lost $2.93 in closing at $42 with a transfer of 114,096 shares, Seprod climbed $1 and ended at $84 with investors trading 2,091 shares and Supreme Ventures shed 60 cents to end at $25.30 in switching ownership of 35,171 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 12,511,690 shares at $136,341,735 from 5,418,018 units at $22,750,182 on Tuesday.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Kingston Properties fell 50 cents and ended at $7.05 in switching ownership of 33,468 stocks being traded, Mayberry Group fell 95 cents to $7.50 with 12,001 units, Mayberry Jamaican Equities shed 89 cents to close at $9.01 in trading 30,803 stocks. NCB Financial gained $1.30 in closing at $67.50 with 46,518 units crossing the exchange, Proven Investments dropped $1.30 and ended at $22.18 with traders dealing in 725 stocks, Sagicor Group skidded $1.07 to end at $44.93 after a transfer of 60,625 shares. Salada Foods popped 47 cents to $3.94, with 2,084 stock units crossing the market, Scotia Group advanced 70 cents to close at $38.80 after an exchange of 17,100 shares and Seprod sank $1.99 and ended at $83 with investors transferring 36,072 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with just 5,418,018 shares trading for a mere $22,750,182 from 11,530,654 units at $37,231,165 on Monday.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Pan Jamaica lost 30 cents to end at $50.20 in switching ownership of 358 shares. Scotia Group shed 90 cents and ended at $38.10 with investors trading 34,014 units, Seprod popped $2.49 to $84.99 while exchanging 45,431 stocks, Supreme Ventures advanced 49 cents to $25.99 in trading 19,835 stock units. Sygnus Credit Investments dropped 39 cents in closing at $10.90, with 115,762 shares crossing the market and Wisynco Group gained $1.14 and ended at $21.20 in trading 121,700 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Monday, 11,530,654 shares changed hands at $37,231,165 versus 10,952,841 units at $49,613,181 on Friday.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Salada Foods fell 67 cents to close at $3.30 while exchanging 785 stocks, Scotia Group rallied $1 to $39 with 41,955 units being traded, Seprod popped $5.50 in closing at $82.50 after a transfer of 13,572 stocks. Supreme Ventures dipped 49 cents to close trading at $25.50, with 24,378 shares changing hands, Sygnus Credit Investments advanced 59 cents and ended at $11.29 in trading 16,082 stock units and Wisynco Group sank $1.23 to end at $20.06 after an exchange of 27,355 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Overall, 23,424 shares were exchanged for US$1,068 compared with 13,643 units at US$3,500 on Friday.
Margaritaville shed 2.3 cents to finish at 10.1 US cents, with 87 stocks crossing the market, MPC Caribbean Clean Energy ended at 57 US cents with investors trading 165 shares. Productive Business Solutions ended at US$1.78 after an exchange of one stock unit, Proven Investments remained at 14.5 US cents with 3,765 shares crossing the market, Sygnus Credit Investments ended at 9 US cents in trading 170 stocks and Transjamaican Highway sank 0.04 of a cent and ended at 1.68 US cents after exchanging 17,335 units.
At the close of trading on Monday, the JSE Combined Market Index slipped 335.55 points to 335,510.11, the All Jamaican Composite Index rallied 82.60 points to 360,020.49, the JSE Main Index rose 36.27 points to end at 322,734.20. The Junior Market Index fell 30.78 points to end at 3,749.36 and the JSE USD Market Index shed 0.83 points to 240.86.
At the close of the market, Main Market stocks rising are MPC Caribbean Clean Energy popping 99 cents and ending at $90, Proven Investments rising $1.04 in closing at $23.48, Sagicor Group jumping $4.38 to end at $45.98, Scotia Group rising $1 to $39 and Seprod climbing $5.50 in closing at $82.50.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
Trading ended after 10,952,841 shares changed hands for $49,613,181 versus 6,738,490 stock units for $30,536,095 on Thursday.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Kingston Properties dropped 49 cents to close at $7.01 after an exchange of 10,445 shares. NCB Financial shed 50 cents to end at $67 after 58,382 units passed through the market, Proven Investments rallied 34 cents to $22.44 after an exchange of 5,129 stocks, Sagicor Group dipped $5.39 and ended at $41.60 with investors swapping 34,746 stock units. Scotia Group skidded $1.29 in closing at $38 after an exchange of 50,732 shares, Seprod sank $8 to close at $77 with investors trading 28,326 units, Supreme Ventures rallied $1.39 to end at $25.99 with 20,775 stocks crossing the market and Sygnus Credit Investments declined 60 cents to $10.70 as investors exchanged 33,660 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated
Overall, 13,643 shares were traded, for US$3,500 compared to 250,247 units at US$11,360 on Thursday.
At the close, First Rock Real Estate USD share advanced 0.39 of a cent to close at 4.89 US cents in an exchange of 40 stock units, Proven Investments dipped 0.1 of one cent to 14.5 US cents with investors swapping 921 shares, Sterling Investments rose 0.03 of a cent to end at 1.6 US cents with 11,076 units changing hands. Sygnus Credit Investments remained at 9 US cents after closing with an exchange of 25 stocks and Transjamaican Highway climbed 0.12 of one cent and ended at 1.72 US cents with 1,306 shares crossing the market.