JSE Main Market starts February in the black

February 3, 2025 by
The Jamaica Stock Exchange Main Market rallied into February with big gains in the major market indices at the end of trading on Monday with a moderate gain for the year to date, following the decline in January.  Trading dropped well below that on Friday with the volume of stocks exchanged declining 75 percent and the value 84 percent lower than on Friday, following trading in 60 securities up from 58 on Friday, with prices of 15 rising, 30 declining and 15 ending unchanged.

The market closed with 5,247,225 shares trading for $34,621,784 down from 21,163,301 stock units at $212,963,026 on Friday.
Trading averaged 87,454 shares at $577,030 compared to 364,885 stocks for $3,671,776 on Friday and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway was the lead trade with 1.76 million shares for 33.5 percent of total volume followed by Radio Jamaica with 1.10 million units for 21 percent of the day’s trade and Wigton Energy with 423,488 stocks for 8.1 percent of the volume traded.
The All Jamaican Composite Index gained 2,550.43 points to close at 388,944.62, the JSE Main Index advanced 1,899.29 points to finish at 336,118.40 and the JSE Financial Index climbed 0.57 points to end at 69.86. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. 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 trading, AS Bryden climbed $1.10 to close at $30.60 with 155 stocks being traded, Caribbean Cement fell $4.90 to end at $82 as investors exchanged 8,319 stock units, Eppley Caribbean Property Fund sank $1 and ended at $37 with 82 shares crossing the market. GraceKennedy popped $1.98 to finish at $72 with investors swapping 18,304 stock units, Guardian Holdings shed $3 to close at $301 in an exchange of 355 shares, Jamaica Producers dropped $1 to end at $26 with traders dealing in 3,007 stocks. JMMB Group rallied 40 cents to $22.50 in an exchange of 44,517 units, Pan Jamaica sank 47 cents to close at $56.50 with investors trading 2,830 stock units, Proven Investments dipped $1 to end at $18.50 with 373,882 shares crossing the exchange. Scotia Group lost $1 in closing at $59 with a transfer of 23,939 stocks, Seprod rose $1.35 and ended at $85.60 with 6,817 units crossing the market and Stanley Motta advanced 68 cents to finish at $7.42 in trading 493 stock units.

In the preference segment, Jamaica Public Service 7% skidded $2.50 to $40.50 with 448 shares passing through the market, 138 Student Living preference share fell $20.38 to end at $224 with 53 stock units changing hands and Productive Business Solutions 10.5% preference share declined $63 in closing at $1,050 with an exchange of 188 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE USD Market starts February down

February 3, 2025 by
Trading plunged on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks traded declining by 32 percent with a 44 percent lower value than on Friday, resulting from an exchange of eight securities, compared with nine on Friday with prices of three rising, four declining and one ending unchanged.

The market closed with an exchange of 169,339 shares for US$9,714 down from 249,958 stocks at US$17,257 on Friday.
Trading averaged 21,167 shares at US$1,214 compared to 27,773 stocks at US$1,917 on Friday, compared with 103,137 stocks at US$4,549 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 3.46 points to end at 241.54. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best known measures used in determining appropriate stock values, averages 7.4. 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 trading, First Rock Real Estate USD share skidded 0.45 of a cent and ended at 3.29 US cents with 2,179 units crossing the market, Proven Investments fell 0.6 of one cent to 12.2 US cents in an exchange of 13,155 stocks, Sterling Investments ended at 1.8 US cents with 6,920 shares changing hands. Sygnus Credit Investments rose 0.2 of a cent to 6.8 US cents after an exchange of 5,138 stocks and Transjamaican Highway climbed 0.12 of one cent to close at 2.84 US cents with 140,450 shares crossing the market.
In the preference segment, JMMB Group 5.75% rose 14 cents to finish at US$1.85 with an exchange of 1,362 units. Sygnus Credit Investments US 8% lost 81.96 cents and ended at US$8.60 with 100 stocks crossing the market and Sygnus Credit Investments E8.5% dipped 5 cents to US$9.95 in an exchange of 35 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Main Market rallies, Juniors fall

February 3, 2025 by
Trading levels dropped sharply on Monday compared with Friday on the Jamaica Stock Exchange and ended with rising stocks pushing the Main Market indices higher at the close at the same time that the Junior Market and JSE USD Market Indices declined with prices of 30 shares rising, 54 declining and 28 remaining firm.

At the close of the market, the JSE Combined Market Index climbed 1,741.14 points to 348,497.55, the All Jamaican Composite Index advanced 2,550.43 points to end at 388,944.62, while the JSE Main Index rose 1,899.29 points to end at 336,118.40, the Junior Market Index lost 10.47 points to close at 3,775.78 after trading above 3,800 points in the morning session and the JSE USD market slipped 3.46 points to end at 241.51.
At the close of trading, 8,400,039 shares were exchanged in all three markets, down from 40,699,662 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to just $39.95 million, down from $253.59 million on the previous day and the JSE USD market closed with an exchange of 169,339 shares for US$9,714 well short of the 249,958 units at US$17,257 on Friday.
In Main Market activity, Transjamaican Highway led trading with 1.76 million shares followed by Radio Jamaica with 1.10 million stocks and Wigton Energy with 423,488 units.
In Junior Market trading, Kintyre Holdings led with 451,123 shares followed by One Great Studio with 437,158 stocks and EduFocal with 418,499 units.
In the preference segment, Jamaica Public Service 7% sank $2.50 in closing at $41, 138 Student Living preference share lost $20.38 to close at $224 and Productive Business Solutions 10.5% preference share dropped $63 to finish at $1,050.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 projected earnings and 20.4 based on estimated 2024 earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help in decision-making. The PE ratio chart covers all the ordinary shares that  are listed on the Jamaica Stock Exchange grouped into industries, allowing for an easy comparison 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.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Big changes for ICTOP10 stocks

February 3, 2025 by
Junior Market stocks gained 4 percent for the week and 1.4 percent for January while the Main Market rose by half a percent for the week and finished down at the close of the first month of the year. The changes resulted in 5 stocks producing solid gains and three with notable losses for Junior Market ICTOP10 while the Main Market TOP10 had two gains as five stocks fell.

In the Junior Market ICTOP10, Lumber Depot jumped 15 percent to close at $2.94, AMG Packaging rose 10 percent to $3.26 followed by Access Financial and Limners and Bards with an increase of 9 percent to close at $18.55 and $1.31 respectively while Jamaican Teas gained 7 percent to finish trading at $2.22. Caribbean Assurance Brokers declined by 10 percent to $2.49, Express Catering lost 9 percent to close at $3.05 and Caribbean Flavours fell 5 percent in ending at $1.30.
The JSE TOP10, compiled from all listed ordinary stocks on the JSE, had two changes with JMMB Group and AMG Packaging falling out and replaced by Jamaica Broilers and Lasco Distributors.
Lumber Depot dropped out of the Junior Market ICTOP10 following the B gain during the week and is replaced by Cargo Handlers. Jamaica Broilers returns to the Main Market ICTOP10 with JMMB Group falling out.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.5, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.4, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 278 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same time.
In the Main Market ICTOP 10, there are 16 stocks with the highest values representing 30 percent of the Main Market, with PEs between 15 to 105, with an average of 30 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 15 stocks, 31 percent of the market, with PEs ranging from 15 to 33 with an average of 20 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

JSE USD Market falls in January

January 31, 2025 by
The Jamaica Stock Exchange US Dollar Market ended with a fall on the final day of January as it closed with a loss of 2.7 percent for the first month of 2025 on Friday, with the volume of stocks traded rising 122 percent with a 67 percent lower value than on Thursday, resulting in exchange of nine securities, similar trading on Thursday and ended with prices of three rising, three declining and three ending unchanged.

The market closed with an exchange of 249,958 shares for US$17,257 in contrast to 112,384 stock units for US$52,111 on Thursday.
Trading averaged 27,773 shares at US$1,917 versus 12,487 stocks at US$5,790 on Thursday, with a month to date average of 103,137 units at US$4,549 down from 106,969 stocks at US$4,683 on the previous day and December that ended closing with an average of 229,957 units for US$7,451.
The US Denominated Equities Index dropped 2.30 points to 245.00. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.4. 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, AS Bryden fell 1 cent to 22 US cents with an exchange of 38,334 shares, after it traded at a 52 weeks’ intraday low of 16.6 cents, First Rock Real Estate USD share skidded 0.05 of a cent and ended at 3.74 US cents with 74 stocks crossing the market,  Margaritaville popped 1 cent to close at 12 US cents with traders dealing in 11,171 shares. Proven Investments increased 0.8 of one cent to finish at 12.8 US cents with 546 stock units crossing the market, Sterling Investments ended at 1.8 US cents after a transfer of 31,979 stock units, Sygnus Real Estate Finance USD share closed at 6 US cents with 3,300 shares changing hands and Transjamaican Highway slipped 0.04 of a cent to 2.72 US cents after 164,289 stocks passed through the market.
In the preference segment, Sygnus Credit Investments US 8% remained at US$9.42 with 216 units crossing the exchange and Sygnus Credit Investments E8.5% climbed 50 cents and ended at US$10 with investors dealing in 49 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , ,

Gains for Junior Market stocks in January

January 31, 2025 by
Stocks of the Jamaican Stock Exchange fledgling market, closed the first month of the year higher than it started, with the Junior Market closing two consecutive days above the 2024 close, following trading in 44 securities down from 46 on Thursday, ending with prices of 22 rising, 9 declining and 13 closing unchanged with a 35 percent jump in the volume of stocks traded, with a 79 percent greater value than on Thursday.

The market closed with trading of 19,286,403 shares for $40,628,456 up from 14,337,567 stock units for $22,756,450 on Thursday.
Trading averaged 438,327 shares at $923,374 well above the 311,686 stocks at $494,705 on Thursday with a month to date average of 350,850 stock units at $615,775 compared with 346,715 shares at $601,238 on the previous day and December with an average of 326,483 shares at $898,324.
Lasco Financial led trading with 7.03 million shares for 36.4 percent of total volume followed by Stationery and Office Supplies that ended with 2.58 million stocks for 13.4 percent of the day’s trade, Regency Petroleum closed with 2.08 million stocks for 10.8 percent of the volume traded, Future Energy closed with 1.28 million units for 6.6 percent of market share, Jamaican Teas ended with 1.20 million units for 6.2 percent of the day’s trade and Fosrich with 1.17 million units for 6.1 percent of the traded volume.
At the close of trading, the Junior Market Index advanced 41.28 points to end at 3,786.25 above the 2024 close, the third time for the month. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the of a day of winner outnumbering losers by a wide margin, Access Financial gained $2 to end at $18.55 with an exchange of 22,256 shares, AMG Packaging rose 11 cents to $3.26 with 2,314 stocks crossing the market, CAC 2000 rallied 44 cents to finish at $2.39 in an exchange of 10,011 shares. Cargo Handlers increased 50 cents and ended at $11.50 with traders dealing in 1,524 stock units, Dolphin Cove popped 7 cents to close at $19.56 as investors exchanged 8,012 shares, Everything Fresh advanced 6 cents in closing at $2.04 in trading 129,239 units. Express Catering skidded 18 cents to $3.05 after it closed with 68,690 stocks changing hands, Fontana sank 15 cents to close at $9.10 in an exchange of 27,986 stock units, Indies Pharma shed 13 cents and ended at $3.70 with investors swapping 531,979 shares. JFP Ltd climbed 9 cents to finish at 94 cents after an exchange of 127,362 stock units, KLE Group popped 19 cents to end at $1.29 with investors dealing in 27 units, Knutsford Express gained $1.55 in closing at $14.30 after 22,556 stocks were traded. Limners and Bards rose 9 cents to $1.31 with investors trading 46,495 units, Regency Petroleum climbed 43 cents to close at $3.48 in switching ownership of 2,084,804 stocks and Stationery and Office Supplies increased 20 cents to finish at $1.72 with investors trading 2,584,246 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market under water in 2025 Juniors above

January 31, 2025 by
The Main and Junior markets of the Jamaica Stock Exchange ended the first month of 2025 with gains but the US dollar Market slipped as trading level fell from activities on Thursday, resulting in Main Market major indices falling and closing the month lower than the end of 2024, the Junior Market index ended the month at the highest level for the year to date and higher than the 2024 close and the JSE USD Market declined. At the end of trading the prices of 52 shares rose, 27 declined and 32 remained firm.

At the close of the market, the JSE Combined Market Index increased 1,673.87 points to finish at 346,756.41, the All Jamaican Composite Index rallied 2,039.04 points to 386,394.19, the JSE Main Index gained 1,440.86 points to end at 334,219.11, the Junior Market Index rose 41.28 points to end at 3,786.25 and the JSE USD Market Index fell 2.30 points to 244.97.
At the close of trading, 40,699,662 shares were exchanged in all three markets, down from 47,757,958 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $253.59 million, down from the hefty $1.02 billion on the previous day and the JSE USD market closed with an exchange of 249,958 shares for US$17,257 compared to 112,384 units at US$52,111 on Thursday.
In Main Market activity, Wigton Energy led with 8.62 million shares followed by Carreras with 5.13 million stocks and Transjamaican Highway with 2.13 million units.
In Junior Market trading, Lasco Financial led with 7.03 million shares followed by Stationery and Office Supplies with 2.58 million stocks and Regency Petroleum with 2.08 million units.
In the preference segment, Productive Business Solutions 10.5% preference share gained $63 and ended at $1,113.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.1 on 2023-24 earnings and .20.4 based on 2024-25 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 ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and 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.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Main Market stocks rally into January end

January 31, 2025 by
Trading on Friday pulled back from the lofty levels on Thursday on the Jamaica Stock Exchange Main Market, with a 36 percent decline in volume at a 79 percent lower the value, following activities in 58 securities down from 60 on Thursday and ending with prices of 27 rising, 16 declining and 15 ending unchanged leading the market indices to rise but fell behind the close for 2024.

The market closed with 21,163,301 shares trading for $212,963,026 down from the heavy trading on Thursday when 33,308,007 stock units crossed the market for $1,000,353,283.
Trading averaged 364,885 shares at $3,671,776 compared with 555,133 stocks at $16,672,555 on Thursday and month to date, an average of 257,074 units at $2,582,065 up from 252,150 shares at $2,532,298 on the previous day and December with an average of 967,720 stock units at $18,390,902.
Investors exchanged 8.62 million Wigton Energy shares to lead trading with for 40.7 percent of total volume followed by Carreras with 5.13 million stocks for 24.2 percent of the day’s trade. Transjamaican Highway closed with 2.13 million shares for 10.1 percent of the volume traded and Radio Jamaica with 1.04 million units for 4.9 percent of market trades.
The All Jamaican Composite Index rose 2,039.04 points to 386,394.19, the JSE Main Index climbed 1,440.86 points to wrap up trading at 334,219.11 and the JSE Financial Index rallied 0.79 points to finish at 69.29. The Investor’s Choice bid-offer indicator shows 18 stocks ending with bids higher than their last selling prices and none with a lower offer.
The Main Market ended trading with an average PE Ratio of 14.5. 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, AS Bryden slipped $1.10 to close at $29.50 after 9,541 stocks were traded, Caribbean Cement rose $4.39 to $86.90 with 18,900 units crossing the exchange, Eppley lost 50 cents and ended at $36.50 with 276 shares changing hands. GraceKennedy sank $3.88 to end at $70.02 as 68,898 stock units passed through the market, Guardian Holdings shed $4.70 in closing at $304 with investors trading 3,299 shares, Jamaica Producers popped $3 to finish at a 52 weeks’ high of $27 with an exchange of 94,130 stock units. Kingston Properties fell 40 cents to $9.19 after trading 208,167 stocks, Kingston Wharves gained 91 cents to close at $33.80 after a transfer of 5,489 units, MPC Caribbean Clean Energy sank $4.99 and ended at $65.01 in trading just 2 stock units. Pan Jamaica rose $2.99 in closing at $56.97 with 125,100 units crossing the market, Sagicor Group advanced $2 to finish at $42 after an exchange of 180,175 shares, Scotia Group rose by 50 cents to end at $60 with investors dealing in 20,842 stock units and Wisynco Group rallied 50 cents in closing at $22.40 after an exchange of 98,586 shares.
In the preference segment, Productive Business Solutions 10.5% preference share rose $63 to $1,113 with 288 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

$883m Grace & NCB shares traded on the JSE Main Market

January 30, 2025 by
GraceKennedy and NCB Financial were the two most prominent traded stocks on the Jamaica Stock Exchange Main Market on Thursday, pushing the volume of stocks traded up by 64 percent and the value 469 percent higher than on Wednesday, with both stocks accounting for 45 percent of the volume and 88 percent in value with the market ending with trading in 60 securities compared with 61 on Wednesday, with prices of 17 rising, 22 declining and 21 ending unchanged.

The market closed with 33,308,007 shares trading for $1,000,353,283 up from 20,258,733 stock units at $175,672,244 on Wednesday.
Trading on Thursday ended with an average of 555,133 stock units at $16,672,555 well over the 332,110 shares that were exchanged for $2,879,873 on Wednesday and for the month to date, an average of 252,150 units at $2,532,298 versus 237,126 shares at $1,831,129 on the previous day and December with an average of 967,720 stock units at $18,390,902.
NCB Financial led trading with 9.02 million shares with a value of $432 million, for 27.1 percent of total volume followed by GraceKennedy with 6.0 million stocks valued at $432 million, for 18 percent of the day’s traded volume, JMMB Group 7.35% – 2028 closed with 5.18 million stocks for 15.5 percent of the volume traded, Sagicor Select Financial Fund with 4.62 million units for 13.9 percent of the day’s trade, Wigton Energy ended with 2.48 million units for 7.4 percent of the market’s volume and Transjamaican Highway with 2.29 million units for 6.9 percent of market share.
The All Jamaican Composite Index inched a mere 15.69 points higher to close at 384,355.15, the JSE Main Index gained 117.82 points to finish at 332,778.25 and the JSE Financial Index slipped 0.42 points to 68.50. The Investor’s Choice bid-offer indicator shows nine 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 15.5. 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 trading activities, AS Bryden fell $1.10 to end at $30.60 in switching ownership of 2,694 stocks, Caribbean Cement declined by $2.49 in closing at $82.51 after trading 74,900 units, General Accident rallied 43 cents to $6.45 after a transfer of 116,494 shares. GraceKennedy increased 70 cents to close at $73.90 after 6,004,166 stock units changed hands, Guardian Holdings popped $6.70 and ended at $308.70 after an exchange of 2,363 shares, Jamaica Producers dropped $1 to finish at $24 with 703 stocks crossing the market. JMMB Group climbed 85 cents to $22.10 with traders dealing in 137,439 units,  Kingston Properties rose 41 cents to close at $9.59 after an exchange of 303,063 stock units, Kingston Wharves gained 39 cents and ended at $32.89 with the trading of 66,997 shares. Massy Holdings advanced $1.51 to end at $84 with investors swapping 151,402 stocks, Mayberry Group shed 46 cents in closing at $7.53 in an exchange of 3,210 units, Mayberry Jamaican Equities declined 59 cents to finish at $9.40 with investors trading 1,540 stock units and Sygnus Credit Investments rose 74 cents to $12.74 in an exchange of 18,612 shares.
In the preference segment, Jamaica Public Service 7% advanced $1 to end at $43 with investors dealing in 107 stocks, Jamaica Public Service 9.5% popped $4 in closing at $2,690 with a transfer of 40 units. 138 Student Living preference share sank $43.12 to finish at $244.38 as investors exchanged 37 stock units and Productive Business Solutions 10.5% preference share skidded $49.99 and ended at $1,050 in trading 130 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rising stocks crush decliners on JSE USD Market

January 30, 2025 by
Investors pumped more money into trading stocks on the Jamaica Stock Exchange US dollar market on Thursday with a 183 percent greater value than Wednesday and purchased 66 percent fewer shares, resulting in the exchange of nine securities, up from seven on Wednesday with prices of seven rising and two declining.

The market closed with an exchange of 112,384 shares for US$52,111 compared to 331,937 stocks at US$18,427 on Wednesday. Trading averaged 12,487 shares at US$5,790 compared to 47,420 stocks at US$2,632 on Wednesday, with a month to date average of 106,969 units at US$4,683 compared with 112,030 stocks at US$4,623 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index bounced 11.11 points to settle at 247.30. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.4. 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 trading, AS Bryden rallied 3.56 cents and ended at 23 US cents with traders dealing in just one stock unit, Proven Investments sank 0.55 of one cent to 12 US cents as 35,714 shares passed through the market, Sygnus Credit Investments shed 0.4 of a cent to end at 6.6 US cents with investors swapping 20,293 units. Sygnus Real Estate Finance USD share rose 0.1 of one cent in closing at 6 US cents with 1,071 stocks clearing the market and Transjamaican Highway climbed 0.06 of a cent to close at 2.76 US cents in trading 19,977 shares.
In the preference segment, JMMB Group US8.5% preference share increased by 1 cent to finish at US$1.03 after an exchange of 26,404 stock units. JMMB Group 5.75% popped 1 cent and ended at US$1.71 with investors trading 8,500 units, Productive Business Solutions 9.25% preference share advanced 12 cents to US$10.70 with 90 stocks crossing the exchange and Sygnus Credit Investments US 8% gained 1.99 cents to end at US$9.42 with a transfer of 334 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , ,