ISP Finance jumps 23% in 2 days


Shares of micro-lender ISP Finance, jumped 23 percent with a rise of $5.56 in two days to close at $29.50 on Friday on the Jamaica Stock Exchange Junior Market following an announcement of acquiring a loan portfolio. The market closed the week with a 148 percent jump in the volume of stocks traded, with a 42 percent higher value than Thursday following trading in 41 securities down from 47 on Thursday and ending with prices of 17 rising, 16 declining and eight closing unchanged.

Trading ended with 12,380,784 stock units being exchanged for $15,337,067, up from 4,996,614 units at $10,823,492 on Thursday and averaged 301,970 shares at $374,075 compared with 106,311 stocks at $230,287 on Thursday. For the month to date, trading averaged 182,731 stock units at $302,986 compared to 170,354 stock units at $295,607 on the previous day and January with an average of 350,850 shares at $615,775.
At the close of the market, Kintyre Holdings had an exchange of 4.94 million shares for 39.9 percent of total volume followed by Jamaican Teas which ended with 3.28 million stocks for 26.5 percent of the day’s trade and Paramount Trading with 2.0 million stock units for 16.2 percent of the share of the market activity.
At the close of trading, the Junior Market Index increased 15.41 points to end at 3,713.09. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
At the close of a week with a minor contraction in the market value, Caribbean Assurance Brokers increased 8 cents to end at $2.58 with 769 stocks passing through the market, Dolla Financial rose 11 cents in closing at $2.90 with investors trading 162,689 units, Express Catering advanced 14 cents to $3.20 with 500 shares clearing the market. Indies Pharma rose 6 cents to close at $3.37 after a transfer of 149 stock units, ISP Finance rallied $1.50 to finish at $29.50 with 9,745 shares changing hands after trading at 52 weeks’ high of $32, Jamaican Teas gained 12 cents and ended at $2.29 with a transfer of 3,277,735 stocks. JFP Ltd sank 9 cents to end at 77 cents with 18,834 stock units crossing the market, Limners and Bards climbed 6 cents in closing at $1.26 as investors exchanged 117 stock units, Lumber Depot increased 6 cents to close at $2.88 after the trading of 102,673 shares. Medical Disposables shed 11 cents and ended at $1.70 after an exchange of 26,050 units, Omni Industries sank 6 cents to end at $1 with investors trading 410,209 stocks, Paramount Trading slipped 11 cents to finish at $1.03 in an exchange of 2,003,275 stock units. Regency Petroleum fell 11 cents to $3.19 with traders dealing in 60,346 shares, Spur Tree Spices declined 9 cents to end at $1.69 with 116,921 units crossing the exchange and tTech shed 26 cents in closing at $1.47 with 300 stocks switching owners.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market rises Main Market falls


Trading closed Friday on the Jamaica Stock Exchange with a fall in the volume of stocks exchanged, carrying a lower value than on Thursday, resulting in the Junior Market index rising, the Main Market major indices falling and the JSE USD Market slipping at the end of trading with the prices of 35 shares rising, 45 declining and 27 remaining firm.

At the close of the market, the JSE Combined Market Index declined 582.12 points to conclude trading at 341,761.48, at the same time the All Jamaican Composite Index dropped 1,208.34 points to settle at 381,116.32, the JSE Main Index shed 724.33 points to end trading at 329,544.38, while the Junior Market Index climbed 15.41 points to 3,713.09 and the JSE USD Market Index skidded 1.14 points to finish at 218.44.
At the close of trading, 16,077,673 shares were exchanged in all three markets, sharply down from 114,183,228 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to a mere $44.35 million, a big fall from $258.89 million on the previous day and the JSE USD market closed with an exchange of 53,579 shares for US$26,575 compared to 172,951 units at US$8,636 on Thursday.
In Main Market activity, Transjamaican Highway led with just 890,136 shares followed by Wigton Energy with 466,547 stocks and Sagicor Select Manufacturing & Distribution Fund with 276,656 stock units.
In Junior Market trading, Kintyre Holdings led with 4.94 million shares followed by Jamaican Teas with 3.28 million stocks and Paramount Trading with 2.0 million units.
In the preference segment, Eppley 7.25% preference share gained $2.25 to finish at $19.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.6 based on 2024-25 earnings and 19.7 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all the ordinary shares listed on Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one-time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, 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. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Energy stocks lead Junior Market trades as ISP jumps $3.96 to $28


On a moderate day of trading on the Junior Market of the Jamaica Stock Exchange petroleum operator accounted for the biggest share of the trading, with Regency Petroleum, accounting for 18 percent of the day’s trade with Future Energy delivering another 11 percent on Thursday with trading activity ending with a 56 percent increase in the volume of stocks traded, with 48 percent higher value than on Wednesday following trading in 47 securities up from just 42 on Wednesday and ending with prices of 21 rising, that includes ISP Finance with a jump of $3.96 on news of the purchase of a loan portfolio from Jamaica National. A total of 17 stock units declined and nine closed unchanged.

The market closed with trading of 4,996,614 shares for $10,823,492 up from 3,211,827 units at $7,290,865 on Wednesday. Trading averaged 106,311 shares at $230,287 much better than the 76,472 stocks at $173,592 on Wednesday with the month to date, averaging 170,354 units at $295,607 but below the 179,004 stock units at $304,429 on the previous day and well below that for January with an average of 350,850 shares at $615,775.
Regency Petroleum led trading with 881,108 shares for 17.6 percent of total volume followed by Future Energy which ended with 566,301 stock units for 11.3 percent of the day’s trade and RA Williams with 560,000 stocks for 11.2 percent of the volume traded.
At the close of trading, the Junior Market Index fell 5.64 points to end at 3,697.68. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a day of improved trading, with many of the stocks traded involved small quantities, AMG Packaging rallied 19 cents to $3.20 with investors trading 1,937 stock units, Blue Power increased 26 cents in closing at $5.54 with 41,121 shares changing hands, CAC 2000 sank 30 cents to close at $2.15 with a transfer of 84 units. Cargo Handlers dipped 10 cents to finish at $11 with 11 stocks crossing the market, Consolidated Bakeries sank 20 cents and ended at $1.90 with traders dealing in 611 units, Dolphin Cove declined 10 cents to end at $19.60 with 15,573 shares crossing the market. Express Catering shed 14 cents in closing at $3.06 with investors trading 15,265 stock units, Fontana popped 13 cents to $9.23 with 62,148 stocks clearing the market, Future Energy dropped 12 cents to close at $3.38 after a transfer of 566,301 shares. GWest Corporation advanced 6 cents to end at 91 cents with 551 units passing through the market, Honey Bun rose 7 cents and ended at $8.10 with 2,285 stocks being traded, Indies Pharma fell 28 cents to finish at $3.31 after an exchange of 1,115 stock units. Iron Rock Insurance slipped 29 cents to $3.90 with investors dealing in just 4 shares, ISP Finance gained $3.96 to close at $28 in an exchange of 3,652 stock units, following a release form the company that they acquired a loan portfolio, KLE Group lost 9 cents and ended at $1.16 with investors swapping 138 units. Paramount Trading climbed 12 cents in closing at $1.14 with 18,813 stocks crossing the exchange, Regency Petroleum rose 12 cents to end at $3.30 with 881,108 stock units switching owners, Spur Tree Spices rallied 8 cents to finish at $1.78 after an exchange of 46,816 stocks and tTech skidded 27 cents and ended at $1.73 in trading 300 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading rises on JSE US Dollar Market


Trading picked up a tad on the Jamaica Stock Exchange US dollar market on Thursday with a 35 percent rise in the volume of stocks traded with the value surging 127 percent over Wednesday, resulting in the exchange of nine securities, up from just three on Wednesday with prices of four rising, two declining and three ending unchanged and leaving to market in a fall to close out the day.

The market closed with an exchange of 172,951 shares for US$8,636 compared to 127,825 stocks at US$3,803 on Wednesday. Trading averaged 19,217 shares at US$960 compared to 42,608 stocks at US$1,268 on Wednesday, with a month to date average of 224,904 units at US$8,706 compared with 256,821 shares at US$9,908 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index dropped 14.41 points to settle at 219.58. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for cmpanies with financial year ending around August 2025.
At the close, AS Bryden slipped 5.5 cents to end at 16.5 US cents with traders dealing in just 2 stock units, First Rock Real Estate USD share gained 0.01 of a cent in closing at 3.29 US cents with 130 shares passing through the market, Proven Investments increased 0.96 of a cent to 11.96 US cents with 2,301 stocks trading. Sterling Investments remained at 1.86 US cents in an exchange of 3,984 units, Sygnus Credit Investments ended at 6.5 US cents with 15,126 shares crossing the market and Transjamaican Highway popped 0.04 of a cent and ended at 2.69 US cents as investors exchanged 150,922 units.
In the preference segment, JMMB Group US8.5% preference share lost 1.96 cents to US$1.16 in trading 176 stocks, Sygnus Credit Investments US 8% gained 75 cents and ended at US$9.75 after an exchange of 200 stock units and Sygnus Credit Investments E8.5% ended at US$9.95 with a transfer of 110 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading rises, Main Market gains, Juniors dip


Trading closed Thursday on the Jamaica Stock Exchange with a big rise in the volume of stocks exchanged, following a big trade in Transjamaican Highway 8% with 10 million units changing hands as the value of the day’s trade rose well over that on Wednesday. The market closed with the major indices Main Market rising, the Junior Market and the JSE USD Market indices declining. At the end of trading the prices of 47 shares rose, 41 declined and 32 remained firm.

At the close of the market, the JSE Combined Market Index climbed 851.53 points to 342,343.60, the All Jamaican Composite Index jumped 1,489.03 points to end at 382,324.66, the JSE Main Index rallied 932.79 points to 330,268.71, the Junior Market Index slipped 5.64 points to finish at 3,697.68 and the JSE USD Market Index dropped 14.41 points to 219.58.
At the close of trading, 114,183,228 shares were exchanged in all three markets, well above the 10,243,857 stock units on Wednesday, with the value of stocks traded on the Junior and Main markets amount0 to $258.89 million, up from $67.19 million on the previous day and the JSE USD market closed with an exchange of 172,951 shares for US$8,636 compared to 127,825 units at US$3,803 on Wednesday.
In Main Market activity, Transjamaican Highway 8% led with 100.07 million shares followed by JMMB Group 7.25% preference share due 2024 with 3.59 million stocks and Transjamaican Highway with 3.40 million units.
In Junior Market trading, Regency Petroleum led with 881,108 shares followed by Future Energy with 566,301 stocks and RA Williams with 560,000 units.
In the preference segment, Eppley 7.25% preference share dropped $2.25 to close at $17, Jamaica Public Service 7% gained $4 to end at $44 and 138 Student Living preference share sank $75 to $255.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.7 based on 2024-25 earnings and 19.7 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all the ordinary shares listed on the Jamaica Stock Exchange and grouped by industry, allowing for an ease in comparing stocks within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one-time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, 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. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Transjamaican corners JSE Main Market


Transjamaican Highway preferred stock accounted for 92 percent of the volume traded on the Jamaica Stock Exchange Main Market on Thursday, while the ordinary stock traded 3 percent for a total of 95 percent, helping to push the volume of stocks traded up 1,479 percent and the value 314 percent more than on Wednesday, following trading in 64 securities compared with 60 on Wednesday, with prices of 22 rising, 22 declining and 20 ending unchanged.

The market closed with 109,013,663 shares trading for $248,063,681 up from 6,904,205 stock units valued at $59,901,771 on Wednesday.
Trading averaged 1,703,338 shares at $3,875,995 compared to 115,070 stocks at $998,363 on Wednesday and trading for the month to date, an average of 469,371 stock units at $2,008,734 compared with 306,202 shares at $1,761,824 on the prior and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway 8% led trading with 100.07 million shares for 91.8 percent of total volume followed by JMMB Group 7.25% preference share due 2024 which ended with 3.59 million stocks for 3.3 percent of the day’s trade and Transjamaican Highway with 3.40 million stock units for 3.1 percent of the day’s volume.
The All Jamaican Composite Index climbed 1,489.03 points to 382,324.66, the JSE Main Index rose 932.79 points to 330,268.71 and the JSE Financial Index gained 0.21 points to end at 68.12. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close on a day of increased trades, AS Bryden dropped by $1 and ended at a 52 weeks’ low of $29 with investors dealing in 5,769 units, Eppley rallied 80 cents to $34.30 in an exchange of just 2 stocks, Guardian Holdings increased 50 cents to finish at $304 with 219 shares passing through the market. JMMB Group climbed 47 cents to end at $21 in trading 30,169 stock units, Kingston Properties popped 52 cents in closing at $9.08 with 22 shares crossing the exchange, Kingston Wharves gained 95 cents to close at $30.95 with investors swapping 9,721 stocks. Margaritaville rose 48 cents to $14.68 after an exchange of a mere 3 units, Massy Holdings sank 90 cents and ended at $81 with 3,785 stock units crossing the market, NCB Financial dropped 59 cents to end at a 52 weeks’ low of $49.33 in an exchange of 60,599 shares. Proven Investments shed 61 cents in closing at $17.20 with 3,354 stock units clearing the market, Scotia Group advanced $2.39 to close at $58.39 after an exchange of 448,434 stocks and Supreme Ventures rose 50 cents to finish at $20.50 with 42,805 units crossing the market.
In the preference segment, Eppley 7.25% preference share fell $2.25 to $17 with investors trading 36 shares, Eppley 7.75% preference share skidded 58 cents to close at $19.41 with 100 units switching owners, Jamaica Public Service 7% climbed $4 to end at $44 with 6,605 stocks changing hands and 138 Student Living preference share sank $75 in closing at $255 with investors trading 35 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Acquisition doubles ISP Finance


Micro financier, ISP Financial Services has more than doubled its size by acquiring the principal balance of a loan portfolio of approximately $1.2 billion. The acquisition more than doubles the company’s loan portfolio of just over $1 billion at the end of September last year net of provision for loan losses, pushing it to $2.2 billion.

The terms of the acquisition were not stated in the release by ISP at the close of the day on Wednesday but ICInsider.com has been reliably informed that the acquisition took place using a combination of internal and external funding which a portion of the principal deferred to be paid at some time in the future.

Last year’s annual general meeting scheduled to be held on November 21, 2024, was postponed until January, this targeted date has been pushed back, but no doubt will be held drown about March or April. The portfolio is acquired from a large Jamaican owned banking group. ISP had stated in 2021 that they were in discussions to acquire a portion of the loan portfolio of Micro lender, Mundo Finance but that deal was never materialized.
The current acquisition is likely to double revenues that stood at $520 million in 2023 and were 9 percent higher for the nine months to September last year to $400 million with $118 million generated in the September quarter. The acquisition could push profits sharply higher and also with the benefit of economies of scale. Profit for the nine months last year was up 66 percent to $55 million. IC Insider.com estimates that profits could exceed $2 per share or more in a full year of operation if all goes well.

At the end of September 2024, ISP equity capital was $641 million, with borrowings of $520 million. This recent acquisition stretched the capital base considerably with the debt to capital ratio out of line with acceptable levels, accordingly, ICInsider.com expects the company at the upcoming annual general meeting to have shareholders approve an increase in the share capital with the possibility that the stock could be split ahead of a likely return to the capital market to raise fresh equity capital to needed to normalize the capital base and to fund growth in the loan portfolio.

JSE Main Market trading plunges  


Trading dropped back sharply on the Main Market of the Jamaica Stock Exchange at the end of market activity on Wednesday, with the volume of stocks traded down a hefty 91 percent with the value 53 percent lower than on Tuesday, following trading in 60 securities up from 58 on Tuesday, with prices of 18 rising, 23 declining and 19 ending unchanged, resulting in a drop in the major market indices.

The market closed with trading of 6,904,205 shares for $59,901,771 down from 73,155,105 stock units at $128,115,803 on Tuesday.
Trading averaged 115,070 shares for $998,363 and well below the 1,261,295 stocks at $2,208,893 on Tuesday. Trading for the month to date averages 306,202 stock units at $1,761,824 compared to 333,249 shares at $1,869,861 on Tuesday and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 2.53 million shares for 36.6 percent of total volume followed by JMMB Group 7.25% preference share with 598,495 stock units for 8.7 percent of the day’s trade and Wigton Energy with 461,001 stocks for 6.7 percent of the volume traded.
The All Jamaican Composite Index sank 1,842.72 points to close at 380,835.63, the JSEMain Market Index dropped 1,537.34 points to close at 329,335.92 and the JSE Financial Index dipped 0.55 points to finish at 67.91. The Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of a day of a slow market, Caribbean Cement gained 50 cents to close at $87.50 with investors trading 16,125 stocks, JMMB Group sank 52 cents to end at $20.53 with 11,594 units passing through the market, Kingston Properties shed 47 cents in closing at $8.56 in an exchange of 57,836 shares. Kingston Wharves sank 90 cents to close at $30 with 3,023 stock units crossing the market, Lasco Manufacturing popped 52 cents and ended at $7.99 with traders dealing in 392,755 shares, 138 Student Living increased 72 cents to finish at $3.97 with 21,449 stocks clearing the market. Sagicor Group dipped 70 cents to $41.30 as investors exchanged 23,134 units, Seprod fell $3.94 to $85 with a transfer of 17,912 stock units and Stanley Motta climbed 40 cents to end at $7.40 with 4,624 shares changing hands.
In the preference segment, Jamaica Public Service 7% declined $3 to finish at $40 with investors trading 35 stocks, 138 Student Living preference share rose $10 and ended at $330 with 32 units switching owners, Productive Business Solutions 10.5% preference share lost $49.99 to close at $1,050 with 56 stocks units changing hands at the end of trading and Sygnus Credit Investments C10.5% advanced $2.38 to $104.88 after 380 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market gains on lower volume

Trading dropped sharply on the Junior Market of the Jamaica Stock Exchange Wednesday with the volume of stocks traded falling 50 percent, with 47 percent lower value than Tuesday resulting from trading in 42 securities down from 46 on Tuesday and ending with prices of 11 rising, 20 declining and 11 closing unchanged and putting the Market indices marginally higher at the close.

The market closed with trading of 3,211,827 shares for $7,290,865 down from 6,394,435 stock units at $13,808,848 on Tuesday. Trading ended with an average of 76,472 shares at $173,592 compared with 139,009 stocks at $300,192 on Tuesday with trading for the month to date, averaging 179,004 units at $304,429 compared with 193,077 stock units at $322,387 on the previous day and January with an average of 350,850 shares at $615,775.
Dolla Financial led trading with 653,057 shares for 20.3 percent of total volume followed by Lasco Financial which ended with 450,025 stock units trading for 14 percent of the day’s trade and Tropical Battery with 440,815 stocks for 13.7 percent of the volume traded.
At the close of trading, the Junior Market Index rallied by just 4.56 points to wrap up trading at 3,703.32. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of a low keyed session, AMG Packaging dropped 19 cents to $3.01 with investors swapping 150 units, Blue Power fell 26 cents to $5.28 in an exchange of 630 stocks, Caribbean Cream rose 20 cents to end at $3.20 with 3,837 shares changing hands. Dolla Financial dipped 11 cents in closing at $2.81 in trading 653,057 stock units, Dolphin Cove rallied 15 cents and ended at $19.70 after an exchange of 22,970 shares, Fontana lost 14 cents to finish at $9.10 with trading in 29,304 stocks. Future Energy increased 6 cents and ended at $3.50 and closed with an exchange of 9,189 units, Honey Bun skidded 9 cents to $8.03 with investors trading 1,300 stock units, Jamaican Teas dipped 6 cents in closing at $2.16 in an exchange of 45,000 shares. Lumber Depot slipped 7 cents to close at $2.80 with investors trading 18,286 stock units, Main Event fell 15 cents to finish at $10.85 after a transfer of 996 units, Medical Disposables shed 10 cents to end at $1.80 with traders dealing in 1,000 stocks. Paramount Trading declined 11 cents to $1.02 with 658 units crossing the market, Regency Petroleum climbed 33 cents and ended at $3.18 with investors dealing in 327,505 shares and tTech popped 32 cents to close at $2 with 74,807 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading plunges on the JSE USD market

The Jamaica Stock Exchange US dollar market index slipped on Wednesday as the volume of stocks traded plunged sharply with stocks of just two companies trading resulting in three securities changing hands down from seven on Tuesday and ending with prices of one rising, one declining and one ending unchanged.

The market closed with an exchange of only 127,825 shares, down 73 percent from Tuesday with an 81 percent lower value of US$3,803 compared to 469,562 stocks at US$20,129 on Tuesday. Trading averaged 42,608 shares at US$1,268 compared to 67,080 stocks at US$2,876 on Tuesday, with a month to date average of 256,821 units at US$9,908 compared with 268,505 shares at US$10,379 on the previous day and January with an average of 103,137 units for US$4,549.
The US Denominated Equities Index declined by 1.12 points to 234. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 6.9. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of a mediocre trading session, Sygnus Credit Investments ended at 6.5 US cents with 1,294 stocks traded and Transjamaican Highway dipped 0.04 of one cent to 2.65 US cents with 126,496 units crossing the market.
In the preference segment, Sygnus Credit Investments E8.5% rose by 4 cents to close at US$9.95 with investors swapping 35 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.