Stocks squeezed held a narrow path in trading on the Jamaica Stock Exchange Main Market on Wednesday, following a 42 percent drop in the volume of stocks traded and a 29 percent lower value than on Tuesday, with trading in 50 securities compared to54on Tuesday, resulting in prices of 19 rising, 22 declining and nine ending unchanged.
A total of 11,799,520 shares were traded for $97,798,065 compared to 20,517,691 units at $136,987,002 on Tuesday.
Trading averaged 235,990 shares at $1,955,961 compared with 379,957 shares at $2,536,796 on Tuesday and month to date, an average of 223,956 units at $1,423,151 versus 223,084 units at $1,384,541 on the previous day. April closed with an average of 264,549 stock units at $1,409,410.
Transjamaican Highway led trading with 6.78 million shares for 57.4 percent of total volume, Wigton Windfarm followed with 2.28 million units for 19.3 percent of the day’s trade and Sagicor Group with 501,749 units for 4.3 percent of market share.
All Jamaican Composite Index popped 178.41 points to close at 369,782.50, the JSE Main Index lost 54.13 points to finish at 333,991.90 and the JSE Financial Index gained 0.07 points to finish at 75.43.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments declined $1 to end at $76.80 with shareholders swapping 93,411 shares, Caribbean Cement fell $2 to close at $50 after 2,098 stocks changed hands, Caribbean Producers popped 40 cents after an exchange of 1,029 units at $9.40, GraceKennedy dropped $3.19 to end at $79 with 275,283 stock units changing hands. Guardian Holdings dipped $10 to $480, with 699 shares crossing the market, Jamaica Broilers increased 44 cents to close at $36.44 with a transfer of 876 stock units,
Jamaica Stock Exchange shed 77 cents to end at $13.06 with 92 units clearing the market, JMMB Group rose 40 cents in closing at $30 in an exchange of 411,656 stocks. Margaritaville gained $4.38 to close at $18.99 in switching owners of just one unit, Massy Holdings advanced 50 cents to end at $98 as 3,100 stocks passed through the market, Mayberry Jamaican Equities lost 49 cents to end at $10.01, with 44,300 stock units crossing the market, NCB Financial fell $1.40 and ended at $70 in trading 49,603 shares, Pan Jamaica Group dropped $3.50 in closing at $50.50 with investors transferring 12,712 units. Proven Investments declined 50 cents to close at $25.50, with 2,021 stock units crossing the exchange, Sagicor Group climbed $1.75 to $50 while exchanging 501,749 stocks,
Scotia Group lost $1 to end at $34 after trading 35,429 shares and Supreme Ventures dipped 52 cents in ending at $26.98 with an exchange of 60,375 units.
In the preference segment, Jamaica Public Service 7% shed $5 in closing at $85 after an exchange of 539 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
On Monday, 20,517,691 shares were traded for $136,987,00 compared with 17,840,357 units at $50,065,528.
The All Jamaican Composite Index climbed 2,328.48 points to 369,604.09, the JSE Main Index rose 1,411.65 points to 334,046.03 and the JSE Financial Index gained 0.13 points to 75.36.
GraceKennedy rallied 69 cents in closing at $82.19 with 5,806 stock units changing hands. Jamaica Broilers shed 49 cents to close at $36 after a transfer of 15,029 shares, Kingston Wharves declined 50 cents and ended at $32 after an exchange of 4,540 stock units, Mayberry Investments climbed 49 cents to end at $7.40 in switching ownership of 6,307 stock units. Mayberry Jamaican Equities gained 49 cents to $10.50, with 34,936 stocks crossing the market, NCB Financial rose 39 cents in closing at $71.40 after an exchange of 92,064 shares, Pan Jamaica Group advanced $2 to close at $54, with 518,344 units crossing the market. Salada Foods traded 515,000 shares after hitting a 52 weeks’ intraday low of $3 but ended trading with a 5 cents fall to $3.55, Scotia Group increased $1 to $35 in an exchange of 1,080,214 stock units. Supreme Ventures climbed 55 cents to $27.50 while exchanging 13,359 shares, Sygnus Credit Investments rose $1.60 and ended at $12.85, with 1,269,256 stocks clearing the market and Wisynco Group rallied 39 cents in closing at $17.50 with shareholders swapping 16,282 units.
In the preference segment, Eppley 7.25 preference share advanced $1.75 to end at $19.25 with investors transferring 5,000 units, Jamaica Public Service 7% lost $15.97 to close at $90 with an exchange of 371 stock units and 138 Student Living preference share shed $25 after it ended at $125, with 42 stocks changing hands.
A total of 17,840,357 shares were traded for $50,065,528 compared to 8,921,791 units at $66,764,856 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded stock prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2023.
Massy Holdings advanced $1.50 and ended at $97.50 in an exchange of 520 units, Mayberry Investments dipped 87 cents to $6.91 with 90 shares crossing the market. Mayberry Jamaican Equities declined 49 cents in closing at $10.01 in an exchange of 174 stock units, MPC Caribbean Clean Energy declined $7 and ended at $83 after an exchange of 275 stocks, NCB Financial lost 49 cents to end at $71.01 with a transfer of 51,642 stock units. Pan Jamaica Group shed $2.09 to close at $52 trading 18,512 units, Sagicor Group fell $2.72 to $48.27, with 101,052 shares crossing the market, Scotia Group dipped 62 cents to $34 as investors exchanged 11,233 stocks. Supreme Ventures dropped 75 cents to end at $26.95 as 35,770 stocks passed through the market, Sygnus Credit Investments dropped 30 cents in closing at $11.25, with 6,077 units crossing the exchange,
Sygnus Real Estate Finance shed $1.26 and ended at $11.74 after an exchange of 1,057 shares and Wisynco Group fell 39 cents to close at $17.11 in trading 20,889 stock units.
Investors traded 8,921,791 shares for $66,764,856 up from 6,187,825 units at $24,579,359 on Thursday.
The All Jamaican Composite Index lost 2,547.79 points to close at 369,575.13, the JSE Main Index fell 776.23 points to 333,707.63 and the JSE Financial Index lost 1.10 points to settle at 75.37.
Guardian Holdings popped $7.99 to $480 while exchanging 1,445 units, Jamaica Broilers shed $3.33 in closing at $33.95 with 980,603 shares clearing the market, Kingston Wharves rose $2.47 to $32.99, with investors trading 1,000 shares, Margaritaville dropped $4.40 to $14.60 in an exchange of 32 stocks, Mayberry Jamaican Equities rallied 49 cents to $10.50 with shareholders swapping 22,988 stock units, MPC Caribbean Clean Energy rose $7 to close at $90 while 123 shares passed through the market, NCB Financial dipped $3.48 to end at $71.50 in trading 171,711 units, 138 Student Living advanced 39 cents to $5.40 after a transfer of 25,247 shares, Scotia Group fell 38 cents in ended at $34.62, with 34,830 units changing hands, Seprod dipped 96 cents in closing at $71 with an exchange of 12 stocks, Supreme Ventures gained 70 cents and ended at $27.70 after investors were involved in trading 28,660 stock units, Wisynco Group advanced 93 cents to close at $17.50 after an exchange of 46,863 stock units.
In the preference segment, Eppley 5% preference share rose $3.97 in closing at $22, with 100 units crossing the exchange, Jamaica Public Service 7% rallied $15.65 to $95 after exchanging 2,001 stocks, Jamaica Public Service 9.5% increased $20 to end at $3000 and closed with just one share changing hands and Productive Business Solutions 9.75% preference share popped $10.90 to close at $106.93 with investors transferring 87 units.
Trading sank to low levels on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining 18 percent and the value 11 percent lower than on Wednesday, resulting in 6,187,825 shares being traded for a mere $24,579,359, from 7,575,200 units at $27,742,615 on Wednesday following trading in 55 securities compared with 59 on Wednesday, and resulting in prices of 19 rising, 19 declining and 17 ending unchanged.
Transjamaican Highway with 1.42 million units for 22.9 percent of the day’s trade, with the stock closing at a 52 weeks’ high and Sagicor Select Financial Fund with 334,064 units for 5.4 percent market share.
Jamaica Broilers rallied 53 cents to $37.28 in switching owners for 28,412 stock units, Kingston Wharves dropped $2.47 to end at $30.52, with 1,436 units clearing the market, Margaritaville popped $1.92 in ending at $19 as 34 stocks passed through the market, Massy Holdings dipped $3.50 in closing at $96 with an exchange of one share. 138 Student Living declined 34 cents to $5.01 after 20,642 units crossed the exchange, Proven Investments 39 cents to close at $25.80 after exchanging 41 stock units, Sagicor Group rallied $2.81 to $51 and closed after 1,340 stocks changed hands. Seprod climbed $1.85 and ended at $71.96 after a transfer of 12,501 shares, Sygnus Real Estate Finance increased $1.20 in closing at $13, with 3,775 stocks passing through the market and Wisynco Group fell 38 cents to end at $16.57 trading 111,075 shares.
In the preference segment, Productive Business 10.50% preference share lost $5 to close at $1,215, with 150 stock units changing hands, Jamaica Public Service 7% rose $19.35 to close at $79.35 while exchanging 684 units and Jamaica Public Service 9.5% shed $20 to end at $2980 with investors transferring one stock unit.
Only 7,575,200 shares were traded for just $27,742,615 compared with 10,763,695 units at $65,931,590 on Tuesday.
The All Jamaican Composite Index fell 511.59 points to 368,714.93, the JSE Main Index popped 437.53 points to finish at 334,568.02 and the JSE Financial Index inched 0.07 points higher to 75.61.
GraceKennedy rallied 50 cents to $77.99 after a transfer of 6,403 stock units, Guardian Holdings gained $28 to end at $500 while exchanging one stock, Jamaica Stock Exchange advanced 60 cents in closing at $14, with 7,050 shares crossing the exchange, JMMB Group dropped 97 cents to close at $29.02 as investors exchanged 11,918 units. Margaritaville climbed $3.37 in ending at $17.08 with shareholders swapping 750 units, Massy Holdings popped $1.50 to $99.50 as 30,226 units passed through the market, Mayberry Investments dipped 39 cents to close at $7.50, with 13,778 stocks changing hands, Mayberry Jamaican Equities lost 50 cents and ended at $10 with a transfer of 81,450 shares. MPC Caribbean Clean Energy increased $10.75 to end at $83 in trading 25 units, NCB Financial advanced $3 in closing at $75 after an exchange of 28,214 stocks,Proven Investments fell 59 cents to $25.41 in an exchange of 6,630 shares, Sagicor Group dipped $1.19 to close at $48.19 with 8,437 stock units changing hands. Scotia Group popped 50 cents to $35 in switching ownership of 21,437 shares, Seprod lost $1.89 and ended at $70.11 after an exchange of 2,282 units, Stanley Motta dropped $1.20 in closing at $4.95 after shareholders exchanged 153,530 stock units, Supreme Ventures declined 99 cents to end at $27, with 169,524 stocks crossing the market and Wisynco Group rallied 39 cents in closing at $16.95 with 60,885 stock units clearing the market.
In the preference segment, Productive Business 10.50% preference share rose $20 to close at $1220 in an exchange of 100 shares, Eppley 5% preference share fell $4.95 to $18.03, with 39 units changing hands and 138 Student Living preference share gained $17.81 to end at $150, with one stock clearing the market stock.
A total of 10,763,695 shares were traded for $65,931,590 compared to 11,476,890 units at $39,035,763 on Monday.
JSE Financial Index fell 1.08 points to 75.54.
In the preference segment, Eppley 7.50% preference share climbed 70 cents to close at $6.90 with an exchange of 1,726 stock units, 138 Student Living preference share increased $12.02 to close at a 52 weeks’ high of $132.19 while exchanging one stock and Productive Business Solutions 9.75% preference share fell $4 to $96 with a transfer of 14 units.
A total of 11,476,890 shares were exchanged for $39,035,763 versus 11,772,290 units at $54,877,421 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Key Insurance rose 50 cents and ended at $3.65 after just 1 stock unit was traded, Kingston Wharves increased $2.40 to close at $32.90, with 5,548 stock units changing hands, Massy Holdings rallied $3 to end at $98, with 4,590 shares crossing the market, Mayberry Jamaican Equities dipped 85 cents to $10 after an exchange of 211,881 stocks. 138 Student Living declined 34 cents to $5.01 while exchanging 2,650 units, Sagicor Group fell $1.97 to close at $48.03 after a transfer of 70,552 shares, Scotia Group shed 85 cents in closing at $34 with a transfer of 9,525 units, Seprod rallied 50 cents to end at $70.50 as 9,753 stock units passed through the market. Stanley Motta gained 36 cents to close at $5.56, with 2,081 stocks clearing the market, Supreme Ventures lost 35 cents in closing at $27.65 with shareholders swapping 17,945 stocks and Sygnus Real Estate Finance rose $2.29 to $11.80, with 3,078 shares crossing the market.
Eppley 7.75% preference share advanced $2.21 to $19.75 in an exchange of 84 stock units, Jamaica Public Service 7% fell $15 ended at $60 as investors exchanged 11,187 shares and 138 Student Living preference share jumped $15.67 in closing at $120.17 with investors transferring a mere 4 units.
with trading activity occurring in 55 securities compared to 57 on Thursday and resulted in prices of 13 rising, 23 falling and 19 ending unchanged.
The All Jamaican Composite Index fell 1,306.49 points to close at 371,710.92, the JSE Main Index rallied 1,443.60 points to 334,870.71 and the JSE Financial Index gained 0.10 points to close at 76.69.
Jamaica Broilers dipped $1.28 to end at $35.70 as 29,289 stocks passed through the market, Jamaica Stock Exchange rallied $1.24 to end at $14.24 with an exchange of 6,691 units, JMMB Group declined $1.40 to close at $29.60 after investors traded 126,267 shares. Kingston Wharves dropped $2.40 to $30.50 with investors trading 20,319 units, Mayberry Investments popped 45 cents in closing at $7.95 in an exchange of 60,363 shares, Mayberry Jamaican Equities fell 45 cents and ended at $10.85 after 6,511 units passed through the market, NCB Financial fell $1 to close at $72 with a transfer of 268,196 stocks. Portland JSX shed 48 cents in closing at $11 in an exchange of 20 stock units, Proven Investments increased $1.69 and ended at $27.10 in trading 1,888 units, Seprod declined $1.50 to end at $70, with 27,546 stock units crossing the exchange. Stanley Motta lost 50 cents to close at $5.20 while exchanging 834 stocks and Sterling Investments climbed 38 cents to end at $2.87 after a transfer of 517 shares.
In the preference segment, Eppley 7.75% preference share dipped $1 to $17.54, with 558 shares changing hands, Jamaica Public Service 7% rose $7 and ended at $75, with 175 units clearing the market and JMMB Group 7.15% – 2028 climbed 47 cents to close at $2.94 after investors exchanged 10,905 stocks.
A total of 3,816,748 shares were traded for $33,796,305 compared to 6,353,061 units at $48,244,526 on Wednesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Massy Holdings jumped $5.50 to end at $95 after an exchange of 3,762 stock units, NCB Financial declined $1.11 in closing at $73 with 41,486 shares changing hands. Proven Investments dipped $1.89 to $25.41 with investors trading 4,483 shares, Sagicor Group lost 50 cents to close at $50 in switching ownership of 13,572 stock units; Scotia Group rose 75 cents in closing at $34.85 with a transfer of 71,051 stocks, Supreme Ventures advanced 50 cents to $28, with 23,422 units changing hands and Sygnus Real Estate Finance shed $1.39 to close at $9.51 in an exchange of 1,000 stocks.
Jamaica Public Service 7% fell $22.52 in closing at $68, with 1,526 units crossing the market. JMMB Group 7.15% – 2028 dropped 45 cents to close at $2.47 while exchanging 60,000 stock units and Productive Business Solutions 9.75% preference share declined $4 to close at $100 with an exchange of 89 shares.