Trading dropped on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded declining 15 percent and the value 76 percent lower than on Tuesday, with trading in 61 securities compared with 59 on Tuesday, with prices of 21 stocks rising, 18 declining and 22 ending unchanged.
Trading netted 7,107,320 shares for $37,509,746 compared with 8,349,044 units at $156,852,014 on Tuesday.
Trading averaged 116,513 shares at $614,914 compared to 141,509 units at $2,658,509 on Tuesday and month to date, an average of 954,617 units at $3,852,247, down from 1,031,265 units at $4,148,315 on the previous day and March with an average of 828,473 units at $2,341,254.
Wigton Windfarm led trading with 1.49 million shares for 20.9 percent of total volume followed by General Accident with 1.35 million units for 19 percent of the day’s trade in closing at a 52 weeks’ high of $6.20 and Lasco Distributors with 1.17 million units for 16.5 percent of the day’s trade.
The All Jamaican Composite Index sank 1,794.74 points to lock up trading at 360,220.92, the JSE Main Index dropped 1,004.10 points to lock up trading at 322,943.86 and the JSE Financial Index shed 0.36 points to cease trading at 68.72.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, AS Bryden climbed $1.12 to $40 after a transfer of 907 units, Barita Investments increased $1 to finish at $72 with investors swapping 1,931 stocks, GraceKennedy slipped 97 cents and ended at $73 with a transfer of 76,208 shares. Guardian Holdings popped $10 in closing at $370 after trading 88 stock units, Jamaica Broilers gained $1 to close at $34 after an exchange of 15,572 shares, Jamaica Producers rose $1.14 to end at $23.02, with 12,001 stock units crossing the market. Mayberry Jamaican Equities sank 50 cents to $10 with traders dealing in 14,970 stocks, NCB Financial declined 53 cents and ended at $63.97 after 24,433 units crossed the exchange, Pan Jamaica lost 50 cents to finish at $47.50 with investors trading 11,241 stocks. Sagicor Group fell 65 cents to close at $41 as 12,998 units passed through the market, Sagicor Real Estate Fund dipped 50 cents in closing at $7 after an exchange of 4,782 shares, Scotia Group shed $1.10 to end at $44.50 with investors dealing in 29,354 stock units. Seprod rallied $2.17 to close at $82.17 in an exchange of 12,882 shares, Supreme Ventures dropped 50 cents to close at $24.50 with investors transferring 17,220 stock units and Sygnus Real Estate Finance advanced $1.21 and ended at $14 in an exchange of 202 stocks.
In the preference segment, 138 Student Living preference share skidded $5 in closing at $210 with an exchange of 16 units and Productive Business Solutions 10.5 % preference share rose $50 to end at $1200 in trading 4 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in trading for the USD Market
Trading surged on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 1,060 percent jump in the volume of stocks exchanged following a 244 percent pop in value compared with market activity on Tuesday and resulting in trading in 10 securities, compared to 12 on Tuesday with prices of three rising, three declining and four ending unchanged.
The market closed with an exchange of 1,005,394 shares for US$50,711 compared to 86,667 units at US$14,748 on Tuesday.
Trading averaged 100,539 units at US$5,071 versus 7,222 shares at US$1,229 on Tuesday, with a month to date average of 36,785 shares at US$2,318 compared with 29,371 units at US$1,998 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index declined 3.55 points to end at 239.06.
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 five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, First Rock Real Estate USD share dipped 0.58 of one cent to end at 4.02 US cents closing, with 4,258 units being traded, Margaritaville ended at 10 US cents with 600 stocks crossing the market, Productive Business Solutions remained at US$1.59 after investors ended trading 36 shares. Proven Investments fell 1.68 cents to finish at 13.02 US cents with investors transferring 186,935 stock units, Sterling Investments remained at 1.7 US cents after 117 shares crossed the exchange, Sygnus Credit Investments gained 0.01 of a cent to close at 7.95 US cents with traders dealing in 5,475 stocks and Transjamaican Highway rose 0.08 of a cent to 2.19 US cents in switching ownership of 806,663 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.19, with 700 stock units crossing the market, Productive Business Solutions 9.25% preference share declined 50 cents to close at US$11 in trading 250 shares and Sygnus Credit Investments E8.5% advanced 10 cents in closing at US$10.70, with 360 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More funds enters JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 43 percent decline in the volume of stocks changing hands after a 166 percent jump in value compared with Monday, and resulting from trading in 12 securities, compared to 10 on Monday with prices of five rising, four declining and three ending unchanged.
The market closed with an exchange of 86,667 shares for US$14,748 compared to 152,339 units at US$5,545 on Monday.
Trading averaged 7,222 units at US$1,229 versus 15,234 shares at US$554 on Monday, with a month to date average of 29,371 shares at US$1,998 compared with 32,963 units at US$2,123 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index gained 1.19 points to end the day at 242.61.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. 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 four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden climbed 0.51 of one cent in closing at 23 US cents after an exchange of 200 units, First Rock Real Estate USD share rose 0.58 of one cent to 4.6 US cents with investors transferring 1,080 stocks, Margaritaville remained at 10 US cents in an exchange of 80 shares. Productive Business Solutions ended at US$1.59, with 27 stock units changing hands, Proven Investments advanced 0.97 of one cent to close at 14.7 US cents in an exchange of 7,992 shares, Sterling Investments popped 0.19 of a cent to end at 1.7 US cents after trading 36 stock units. Sygnus Credit Investments rallied 0.34 of a cent in closing at 7.94 US cents with a transfer of 11,059 stocks, Sygnus Real Estate Finance USD share ended at 9 US cents and closed after 65 units were traded and Transjamaican Highway declined 0.09 of a cent to finish at 2.11 US cents with an exchange of 59,749 stocks.
In the preference segment, JMMB Group US8.5% preference share shed 0.85 of one cent and ended at US$1.19, with 6,000 units crossing the market, Productive Business Solutions 9.25% preference share dropped 85 cents to close at US$11.50 with investors dealing in 259 shares and Sygnus Credit Investments E8.5% lost 10 cents to end at US$10.60, with 120 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on JSE USD Market
Trading jumped sharply on Monday over the miniscule amounts traded on Friday on the Jamaica Stock Exchange US dollar market, with the volume of stocks exchanged rising 1,470 percent after 223 percent more US dollars entered the market than on Friday, resulting in trading in 10 securities, compared to six on Friday with prices of one rising, seven declining and two ending unchanged.
The market closed with an exchange of 152,339 shares for US$5,545 compared to 9,705 units at US$1,717 on Friday.
Trading averaged 15,234 units at US$554 up from 1,618 shares at US$286 on Friday, with a month to date average of 32,963 shares at US$2,123 compared with 35,733 units at US$2,368 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index sank 0.73 points to conclude trading at 241.42.
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 seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden rose 0.47 of a cent to end at 22.49 US cents after an exchange of 2,250 shares, First Rock Real Estate USD share declined 0.08 of a cent in closing at 4.02 US cents after 1,946 stocks passed through the market, MPC Caribbean Clean Energy fell 1 cent to 61 US cents with an exchange of 16 shares. Productive Business Solutions remained at US$1.59, with one stock unit crossing the market, Proven Investments dipped 0.18 of a cent to end at 13.73 US cents in swapping 3,455 shares, Sterling Investments lost 0.09 of a cent to close at 1.51 US cents with 301 stocks clearing the market. Sygnus Credit Investments slipped 0.27 of one cent to 7.6 US cents with investors swapping 7,851 units, Sygnus Real Estate Finance USD share ended at 9 US cents after a transfer of 540 stock units and Transjamaican Highway slipped 0.02 cent in closing at 2.2 US cents, with 135,904 shares changing hands.
In the preference segment, Sygnus Credit Investments E8.5% skidded 10 cents to finish at US$10.70 in an exchange of 75 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.