Stocks rose on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks trading declining 64 percent, with 97 percent lower value than on Thursday as rising stocks exceeded those declining, but the market closed with the IC bid-offer Indicator flashing short term negative signals.
The All Jamaican Composite Index gained 2,638.98 points to settle at 442,875.20, the JSE Main Index climbed 2,141.50 to 386,327.32 and the JSE Financial Index added 0.11 points to settle at 91.51.
Trading ended with 53 securities compared to 55 on Thursday, with 24 rising, 17 declining and 12 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Overall, 13,174,872 shares were exchanged for $66,091,370 versus 36,352,680 units at $2,054,073,702 on Thursday. Trading averages 248,582 units at $1,247,007, compared to 660,958 shares at $37,346,795 on Thursday. June closed with an average of 281,913 units at $5,309,050.
Ciboney Group led trading with 2.89 million shares for 22 percent of total volume, followed by Radio Jamaica with 2.70 million units for 20.5 percent of the day’s trade and Sagicor Select Financial Fund with 2.59 million units for 19.7 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and 11 stocks with lower offers.
At the close, Berger Paints added 70 cents in ending at $12.20, with 337 shares crossing the market, Caribbean Cement lost $2.50 to end at $64.50, with 20,215 stocks changing hands, Eppley fell 50 cents in closing at $44.50 after trading 175 stock units. First Rock Capital declined $1.55 to close at $11.75 while exchanging 5,681 units, Guardian Holdings rallied $16.99 to $519.99, with 1,654 shares crossing the exchange, Jamaica Producers advanced 45 cents to $22.45 trading 2,595 units. JMMB Group climbed $1.90 to close at $43.65 closed at 59,098 stock units, Key Insurance dropped 52 cents to end at $3.38 with the swapping of 2,005 stocks, Massy Holdings gained $1.30 after ending at $93 in exchanging 55,872 stocks. Mayberry Jamaican Equities popped 85 cents in closing at $13.85 with an exchange of 602 shares, Palace Amusement rose $45 to $945 with 23 stock units clearing the market, PanJam Investment climbed 98 cents in closing at $65.98 in an exchange of 138,936 units. Proven Investments rose $1.27 to close at $37.29 after exchanging 22,727 units, Radio Jamaica rallied 50 cents in ending at $2.90 after 2,700,500 stock units were exchanged, Scotia Group rose 45 cents to $36.50 in switching ownership of 1,039 shares.
Seprod shed 70 cents in closing at $71.25, with 4,408 stocks crossing the exchange, Supreme Ventures increased 75 cents to close at $31.45 after exchanging 327,481 units and Sygnus Real Estate Finance recovered from the sharp fall on Thursday by gaining $1.26 to end at $12.51 in switching ownership of 501 shares.
In the preference segment, Eppley 7.25% preference share popped $1.94 to $21.99 after trading 2 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Winners & losers split JSE USD market
Trading pulled back on Friday, from Thursday levels with the volume of stocks traded declining 66 percent less and the value 70 percent lower at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising than declining.
A total of 10 securities traded, up from six on Thursday with four rising, four declining and two ending unchanged.
Overall, 85,406 shares traded, for US$14,539 versus 252,463 units at US$48,827 on Thursday. Trading averaged 8,541 units at US$1,454, down from 42,077 shares at US$8,138 on Thursday. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index gained 2.44 points to end at 214.09.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.79 of a cent to 7.84 US cents in trading 210 shares, MPC Caribbean Clean Energy remained at US$1.38, with 21 stock units crossing the market, Productive Business Solutions increased 1 cent to US$1.15 after just one stock crossed the exchange. Proven Investments shed 0.22 of a cent to close at 24.75 US cents in exchanging 58,539 units, Sterling Investments declined 0.02 of a cent to close at 2.1 US cents with 8,471 stock units clearing the market, Sygnus Credit Investments USD share fell 0.5 of a cent in closing at 12 US cents with an exchange of 3,614 units. Sygnus Real Estate Finance USD share ended at 12 US cents and 72 shares changed hands and Transjamaican Highway lost 0.04 of a cent to close at 0.96 of one US cent and closed, with 14,424 stocks trading.In the preference segment, JMMB Group 5.75% advanced 5 cents to end at US$2.30 trading one unit and JMMB Group 6% rallied 5 cents to US$1.10 in an exchange of 53 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
TTSE stocks open in July with gains
Trading remained elevated on the close of the Trinidad and Tobago Stock Exchange on Friday, with the volume and value of stocks traded declining marginally lower than on Thursday, flowing from 21 securities traded compared to 19 on Thursday, with three rising, eight declining and 10 remaining unchanged, and leading the major indices to rise at the close as Angostura Holdings jumped $2.09 to a 52 weeks’ high.
A total of 2,007,601 shares were traded for $12,573,616, down from 2,330,498 units at $13,044,397 on Thursday. An average of 95,600 units traded at $598,744 versus 122,658 shares at $686,547 on Thursday. The average trade for June amounts to 55,705 units at $392,249.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $46 after trading 616 shares, Angostura Holdings increased by $2.09 to $24.98 in switching ownership of 16 stocks, Ansa McAl remained at $56.05, following the trading of 1,030 units. Ansa Merchant Bank lost 50 cents in closing at $42.50 with 10 stock units crossing the market, Clico Investment Fund rose 20 cents to $28.80 after 20,164 stock units changed hands, First Citizens Group shed 1 cent to $50 with the swapping of 200 units. FirstCaribbean International Bank ended unchanged at $5, with an exchange of 1,322,830 stocks, GraceKennedy dropped 29 cents to $5.50 after exchanging 553,344 shares, JMMB Group popped 11 cents to end at $2.41 while trading 100 stock units. L.J. Williams B share fell 13 cents to close at $1.95 in trading 1,000 stocks, Massy Holdings remained at $5.16, with 1,336 units crossing the market, National Enterprises declined 1 cent in closing at $3.24 after exchanging 10,000 shares. National Flour Mills ended unchanged at $1.75, with 362 stock units changing hands, NCB Financial Group finished at $5.50 after exchanging 3,000 units, Point Lisas ended at $3.40, with 520 stocks clearing the market. Prestige Holdings fell 20 cents to $6.75 in trading 70,199 shares, Republic Financial Holdings remained at $141 with an exchange of 9,731 shares, Scotiabank finished at $77.50 with an exchange of 2,500 stocks. Trinidad & Tobago NGL slipped 21 cents to $20.62 with the swapping of 24 stock units, Trinidad Cement finished at $3.70 while exchanging 5,024 units and West Indian Tobacco shed 85 cents to close at $22.50, with 5,595 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges sharply on TTSE
Market activity led to a big surge in trading on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded jumping 653 percent and the value 507 percent more than on Wednesday and resulting in 2,330,498 shares traded for $13,044,397 compared to 309,327 units at $2,147,712 on Wednesday.
A total of 19 securities traded up from 18 on Wednesday, with five stocks rising, four declining and ten remaining unchanged. The Composite Index rose 3.43 points to 1,381.59, the All T&T Index fell 5.38 points to 2,035.34 and the Cross-Listed Index rose 1.80 points to 95.48.
Trading averaged 122,658 units at $686,547 compared to 17,185 shares at $119,317 on Wednesday, with trading month to date averaging 55,705 units at $392,249 versus 52,330 units at $377,417. The average trade for May amounts to 45,890 units at $370,328.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Ansa McAl finished at $56.05, with 30 shares crossing the exchange, Calypso Macro Investment Fund popped $2.70 to end at a 52 weeks’ high of $22 in an exchange of 100 stocks, CinemaOne increased 66 cents to end at a 52 weeks’ high of $5.20 after exchanging 100 units. Clico Investment Fund ended unchanged at $28.60 after 153 stock units crossed the market, Endeavour Holdings remained at $7.50 in trading 7,481 units, First Citizens Group finished at $50.01 after an exchange of 333 shares. FirstCaribbean International Bank ended unchanged at $5, with 332,170 stocks changing hands, GraceKennedy advanced 29 cents to $5.79 in an exchange of 1,619,045 stock units, JMMB Group remained at $2.30 after swapping 72,090 stocks. Massy Holdings slipped 1 cent to end at $5.16 after trading 86,901 shares, National Enterprises climbed 1 cent to $3.25 while exchanging 12,000 stock units, National Flour Mills remained at $1.75 while 19,352 units passed through the exchange. NCB Financial Group rose 25 cents to end at $5.50 in switching ownership of 103,000 stock units, One Caribbean Media lost 5 cents to close at $4.10, with 61,433 units crossing the market, Republic Financial Holdings ended unchanged at $141 with an exchange of 1,590 shares. Scotiabank closed at $77.50 with 7,473 stocks clearing the market, Trinidad & Tobago NGL dropped 7 cents ending at $20.83 with 6,475 stock units changing hands, Unilever Caribbean shed 1 cent to close at $13.89 in trading 57 units and West Indian Tobacco finished at $23.35, with 715 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading levels fall on TTSE
Activity fell at the close of the Trinidad and Tobago Stock Exchange ended on Wednesday, with the volume of stocks traded declining 12 percent and the value 39 percent lower than on Tuesday, and resulted in declining stocks dominating those rising.
Overall, 309,327 shares traded for $2,147,712 compared to 350,266 units at $3,548,053 on Tuesday. An average of 17,185 units traded at $119,317 versus 16,681 shares at $168,955 on Tuesday, with trading month to date averaging 52,330 shares at $377,417 versus 66,392 units at $363,761. The average trade for May amounts to 45,890 units at $370,328.
Eighteen securities traded, down from 21 on Tuesday, with two rising, six declining and ten remaining unchanged. The Composite Index rallied 1.70 points to 1,378.16, the All T&T Index lost 9.24 points to end at 2,040.72 and the Cross-Listed Index rose 1.88 points to settle at 93.68.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s traded 122 shares at $46, Angostura Holdings popped $2.09 to $22.89, with 31,541 units changing hands, Ansa McAl declined 85 cents to $56.05 with the swapping of 20 stock units. Clico Investment Fund fell 20 cents to close at $28.60, with 3,439 stocks crossing the market, First Citizens Group ended unchanged at $50.01 with an exchange of 2,032 shares, FirstCaribbean International Bank remained at $5 in trading 50,416 units. GraceKennedy ended unchanged at $5.50 in an exchange of 17,311 stocks, JMMB Group closed at $2.30 after trading 125,438 stock units, Massy Holdings slipped 1 cent to $5.17 after 4,847 shares crossed the market. National Enterprises shed 1 cent to close at $3.24 with an exchange of 25,000 stock units, NCB Financial Group rallied 25 cents to $5.25 with 36,565 stocks clearing the market, One Caribbean Media ended at $4.15 in exchanging 2,838 units. Point Lisas ended at $3.40 as 88 stock units passed through the exchange, Scotiabank dropped 50 cents to close at $77.50 after exchanging 1,626 stocks, Trinidad & Tobago NGL finished at $20.90 after trading 38 units. Trinidad Cement climbed 10 cents to end at $3.70 in switching ownership of 1,999 shares, Unilever Caribbean remained at $13.90 while exchanging 148 units and West Indian Tobacco remained at $23.35, trading 5,859 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidating JSEUSD market
Trading ended on the Jamaica Stock Exchange US dollar market Wednesday, with an exchange of 61 percent fewer shares with a 44 percent fall in value from Tuesday, resulting in five securities changing hands, compared to seven on Tuesday with none rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 1.14 points to end at 217.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 227,317 shares traded for US$42,677 versus 578,306 units at US$75,902 on Tuesday. Trading averaged 45,46 units at US$8,535, compared to 82,615 shares at US$10,843 on Tuesday, with month to date average of 73,102 shares at US$8,820 versus 74,062 units at US$8,830 on the previous day. Tuesday. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and two with lower offers.
At the close of the market, First Rock Capital USD share declined 0.37 of a cent to end at 7.05 US cents, with 1,000 shares crossing the exchange, Proven Investments remained at 26 US cents while exchanging 154,687 stock units, Sygnus Credit Investments USD share ended unchanged at 12.5 US cents with the swapping of 15,074 units and Transjamaican Highway fell 0.05 of a cent to 0.95 US of one cent, with 56,546 stock units changing hands
In the preference segment, JMMB Group 6% finished at US$1.05 with investors clearing the market of 10 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Bounce for JSE USD trading
A huge 667 percent rise in the value of stocks traded after the volume rose just 17 percent over Monday was the outstanding feature of trading on the Jamaica Stock Exchange US dollar market on Tuesday.
Seven securities traded, compared to nine on Monday, with three rising, three declining and one ending unchanged. At the close of market activities, the JSE US Denominated Equities Index gained 0.71 points to end at 218.70.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 578,306 shares were traded for US$75,902 compared to 492,558 units at US$9,897 on Monday.
Trading averaged 82,615 units at US$10,843, compared to 54,729 shares at US$1,100 on Monday, with a month to date average of 74,062 shares at US$8,830 versus 73,625 units at US$8,727 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share dropped 0.08 of a cent to end at 7.42 US cents in an exchange of 7,785 shares, Proven Investments climbed 0.99 of one cent in closing at 26 US cents after 100,112 units changed hands, Sterling Investments gained 0.12 of a cent to close at 2.12 US cents trading 10,000 stocks. Sygnus Credit Investments USD share lost 0.4 of one cent in ending at 12.5 US cents after 367,647 stock units were traded, Sygnus Real Estate Finance USD share declined 1.5 cents to a 52 weeks’ low of 10 US cents with the swapping of 4,000 units and Transjamaican Highway increased 0.01 of a cent to 1 US cent while exchanging 88,718 stocks.
In the preference segment, JMMB Group 5.75% remained at US$2.25 after exchanging 44 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.