The Jamaica Stock Exchange Junior Market sprang into action in early trading on Thursday, with the market index surging 114.24 points within 15 minutes of the opening to reach 3,616.99 points just 46 points from the all-time high of 3,662.94 at the close on August 14, 2019.
With 40 minutes of trading, the Junior Market index slipped back to 3,574.73 with newly listed Spur Tree trading at $2.57 and the JSE Main Market was marking time with the All Jamaican Composite Index at 436,547.28, up marginally from the 435,448.73 at the close on Wednesday.
The sharp move today is in conformity with ICInsider.com’s forecast that the Junior Market was in a highly bullish technical stance to break higher sooner than later on the way to more than 4,000 points.
Junior Market index jumps 114 points
Moderate JSE USD trading
Trading on Wednesday, ended with the volume of shares changing hands slipping marginally but with a 94 percent plunge in the value compared to Tuesday’s trading, at the close of the Jamaica Stock Exchange US dollar market and ended with more stocks falling than rising.
Five securities changed hands, compared to seven on Tuesday with one rising, three declining and one ending unchanged. The JSE US Denominated Equities Index rose 0.26 points to end at 203.99.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratios use ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
Overall, 683,860 shares traded, for US$9,230 compared to 689,580 units at US$151,286 on Tuesday.
Trading averaged 136,772 units at US$1,846 versus 98,511 shares at US$21,612 on Tuesday and the month to date averaged 73,420 shares at US$4,701 versus 68,829 units at US$4,908 on the previous day. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share climbed 0.2 of a cent to 6.5 US cents in exchanging 500 shares, Proven Investments shed 0.44 of one cent to end at 23.5 US cents, with 410 stocks crossing the market, Sterling Investments finished unchanged at 2.1 US cents trading 10,939 units. Sygnus Credit Investments USD share lost 0.4 of one cent in ending at 12 US cents, with 28,861 stock units changing hands and Transjamaican Highway declined 0.03 of a cent in closing at 0.83 US cents after trading 643,150 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on JSE USD market
Trading on Tuesday ended with the volume of shares changing hands declining 18 percent with a 1,050 percent surge in the value of trades than on Monday, at the close of the Jamaica Stock Exchange US dollar market, resulting in declining stocks edging out those that rose.
Seven securities traded, compared to eight on Monday with two rising, three declining and two ending unchanged. The JSE US Denominated Equities Index popped 1.49 points to end at 203.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year, up to August 2022.
Overall, 689,580 shares traded, for US$151,286 compared to 842,964 units at US$13,152 on Monday.
Trading averaged 98,511 units at US$21,612, compared to 105,371 shares at US$1,644 on Monday and month to date averages 68,829 shares at US$4,908 versus 65,478 units at US$3,022 on Monday. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share fell 0.59 of a cent to 6.3 US cents trading 1,083 shares, Margaritaville remained at 11.5 US cents as 56,639 stock units were swapped, Proven Investments climbed 1.22 cents in closing at 23.94 US cents after exchanging 598,780 stocks. Sygnus Credit Investments USD share declined 0.3 of a cent before ending at 12.4 US cents and trading 10,437 units, Sygnus Real Estate Finance USD share finished at 14 US cents in exchanging 41 stock units and Transjamaican Highway popped 0.01 of a cent to 0.86 of one US cent with an exchange of 17,600 shares.
In the preference segment, JMMB Group 6% lost 4 cents in closing at US$1.01 in an exchange of 5,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume up value down
Trading on Monday, on the Jamaica Stock Exchange US dollar market ended with the volume of shares changing hands surging 295 percent but the value ended 63 percent lower than on Friday and resulted in more stocks rising than falling.
Trading ended with eight securities changing hands, compared to nine on Friday with two rising, one declining and five ending unchanged.
The JSE US Denominated Equities Index lost 2.48 points to end at 202.24.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.6. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year up to August 2022.
A total of 842,964 shares traded for US$13,152 compared to 213,364 units at US$35,831 on Friday. Trading averaged 105,371 units at US$1,644, compared to 23,707 shares at US$3,981 on Friday, with the month to date averaging 65,478 shares at US$3,022 versus 59,568 units at US$3,226 on the prior trading day. December ended with an average of 439,975 units for US$68,382.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price nor with a lower offer.
At the close, 5,894 shares of Margaritaville were exchanged at 11.5 US cents, Proven Investments ended at 22.72 US cents, with 15,029 stock units crossing the market, Sterling Investments swapped 11,211 stocks at 2.1 US cents. Sygnus Credit Investments USD share rallied 0.3 of a cent to close at 12.7 US cents, with 14,105 units changing hands, Sygnus Real Estate Finance USD share traded 494 shares at 14 US cents and Transjamaican Highway lost 0.05 of a cent in closing at 0.85 of one US cents after exchanging 796,064 stocks.
In the preference segment, Eppley 6% ended unchanged at 98 US cents in switching ownership of 101 units and JMMB Group 5.75% rose 23.5 cents to close at US$1.735 trading 66 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.