Trading dropped back to more recent norms on Tuesday, following a big jump in trading over the previous two days on the Junior Market of the Jamaica Stock Exchange, with a 96 percent decline in the volume and value of stocks traded, with 96 percent lower than Monday following activity in 41 securities, down from 45 on Monday and ending with prices of 13 rising, 16 declining and 12 closing unchanged.
The market closed with trading of just 4,554,464 shares for only $9,496,646 compared with 118,786,848 units at $248,220,254 on Monday.
Trading averaged 111,084 shares at $231,626, down from 2,639,708 units for $5,516,006 on Monday with the month to date, averaging 657,577 units at $1,409,339 compared with 715,177 stocks at $1,533,469 on the previous day and April with an average of 204,118 units at $439,599.
Fosrich led trading with 1.16 million shares for 25.5 percent of total volume followed by Dolla Financial with 665,331 stock units for 14.6 percent of the day’s trade and JFP Ltd with 591,969 units for 13 percent market share.
At the close of trading, the Junior Market Index declined 11.73 points to end at 3,673.59.
The Junior Market ended trading with an average PE Ratio of 11.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging gained 15 cents to finish at $3.50 as investors exchanged a mere 522 stock units, CAC 2000 skidded 46 cents to a 52 weeks’ low of $3.38 after trading 706 shares, Caribbean Assurance Brokers popped 7 cents to close at $3.38 after 11,248 stocks passed through the market. Consolidated Bakeries fell 12 cents to end at $2.06, with 5,502 units crossing the exchange, EduFocal shed 9 cents in closing at 84 cents in switching ownership of 176,940 stocks, Fontana declined 40 cents and ended at $8.40, with 5,557 units crossing the market. Fosrich slipped 7 cents to $2.06 with a transfer of 1,161,056 shares, Honey Bun increased 24 cents and ended at $7.85 after an exchange of 7,414 stock units, Indies Pharma climbed 18 cents to close at $2.70 with 303 shares clearing the market. Jamaican Teas rose 20 cents in closing at $2.25 in an exchange of 134,960 units, Jetcon Corporation dipped 12 cents to end at 87 cents after closing with an exchange of 556 stocks, Medical Disposables rallied 43 cents to finish at $2.28 with investors trading 436 stock units. MFS Capital Partners lost 15 cents and ended at $1.11, with 274,374 shares crossing the market and Tropical Battery advanced 13 cents to $2.25 after a transfer of 38,098 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market inched higher
The Jamaica Stock Exchange US dollar market ended trading on Tuesday, with the volume of stocks exchanged declining 62 percent with a 73 percent lower value than on Monday, resulting in trading in nine securities, compared to six on Monday with prices of one rising, three declining and five ending unchanged.
The market closed with an exchange of 73,669 shares for US$5,026 compared to 193,327 units at US$18,349 on Monday.
Trading averaged 8,185 units at US$558 versus 32,221 shares at US$3,058 on Monday, with a month to date average of 31,924 shares at US$2,973 compared with 35,546 units at US$3,341 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index increased 0.23 points to wrap-up trading at 233.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, MPC Caribbean Clean Energy skidded 1 cent and ended at 60 US cents after an exchange of 120 stock units, Proven Investments popped 0.41 of one cent to 13.5 US cents with a transfer of 2,000 shares, Sterling Investments ended at 1.6 US cents, with trading of 2,418 units. Sygnus Credit Investments lost 0.3 of a cent to end at 7.7 US cents after a transfer of 6,503 stocks and Transjamaican Highway slipped 0.01 of a cent in closing at 2.02 US cents with traders dealing in 61,599 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.20 in an exchange of 164 stocks, JMMB Group 5.5% closed trading at US$1.64, with 729 shares crossing the market, Productive Business Solutions 9.25% preference share ended at US$11.05 with an exchange of 86 units and Sygnus Credit Investments US 8% ended at US$10.60 after 50 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on JSE USD Market
Trading surged on the Jamaica Stock Exchange US dollar market ended on Monday, with a 680 percent rise in the volume of stocks exchanged with a 2,396 percent jump in value compared with Friday, resulting in trading in six securities compared to five on Friday with prices of one rising, three declining and two ending unchanged.
The market closed with an exchange of 193,327 shares for US$18,349 compared to 24,785 units at US$735 on Friday.
Trading averaged 32,221 units at US$3,058 versus 4,957 shares at US$147 on Friday, with a month to date average of 35,546 shares at US$3,341 compared with 35,922 units at US$3,373 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index slipped 2.73 points to close at 233.75.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share ended at 4.7 US cents in an exchange of 1,611 shares, Proven Investments remained at 13.09 US cents with investors dealing in 26,639 stocks, Sterling Investments climbed 0.09 of a cent to end at 1.6 US cents in switching ownership of 500 shares. Sygnus Credit Investments sank 0.5 of one cent in closing at 8 US cents after exchanging 96,400 stock units and Transjamaican Highway declined 0.13 of a cent and ended at 2.03 US cents with 63,384 shares crossing the market.
In the preference segment, JMMB Group US8.5% preference share fell 7 cents to finish at US$1.20 following trading of 4,793 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on JSE USD Market
Trading activity plunged on the Jamaica Stock Exchange US dollar market ended on Friday, with a 97 percent drop in the volume of stocks exchanged with a 97 percent dive in value compared with Thursday, resulting in trading in five securities, similar to trading on Thursday with the price of one rising, one declining and three ending unchanged.
The market closed with an exchange of 24,785 shares for a mere US$735 down sharply from 727,558 units at US$21,301 on Thursday.
Trading averaged 4,957 units at US$147 versus 145,512 shares at US$4,260 on Thursday, with a month to date average of 35,922 shares at US$3,373 compared with 39,147 units at US$3,709 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index advanced 3.12 points to 236.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share ended trading at 4.7 US cents after investors exchanged 1,992 shares, Proven Investments closed at 13.09 US cents with an exchange of 9 stocks and Transjamaican Highway advanced 0.01 of a cent to 2.16 US cents with an exchange of 22,756 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.27 after 15 stock units passed through the market and Sygnus Credit Investments E8.5% shed 14 cents to end at US$10.01 as investors exchanged 13 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.