On Monday, market activity ended on the Jamaica Stock Exchange Main Market, with the volume of stocks traded declining by 34 percent and the value down 41 percent below Friday’s outturn as rising stocks beat out those declining.
Trading ended with 54 securities down from 56 on Friday, with 20 rising, 16 declining and 18 left unchanged.
The All Jamaican Composite Index gained 4,305.03 points to settle at 448,121.25, the JSE Main Index and the JSE Financial Index popped 0.89 points to settle at 93.66.
The PE Ratio, a formula for computing appropriate stock values, averages 14.6. 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 August 2023.
Overall, 7,299,070 shares were exchanged for $50,442,185 versus 11,037,154 units at $85,895,992 on Friday. Trading averages 135,168 units at $934,115, compared to 197,092 shares at $1,533,857 on Friday and month to date, an average of 232,770 units at $3,555,980, compared to 237,971 units at $3,689,672 on the previous trading day. April averaged 532,209 units at $5,709,319.
Transjamaican Highway led trading with 1.91 million shares for 26.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.39 million units for 19 percent of the day’s trade, QWI Investments traded 1.08 million units for 14.8 percent market share and Wigton Windfarm, 1.07 million units for 14.7 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement climbed $1 to close at $64, with 25,448 shares crossing the exchange, Eppley Caribbean Property Fund popped $2.95 to $44 in switching ownership of 3 stock units, First Rock Capital shed 35 cents in ending at $12.05 with the swapping of 1,703 stocks. Jamaica Stock Exchange lost 30 cents to end at $18.50 in an exchange of 13,082 units, JMMB Group gained 75 cents in closing at $46.75 with 81,624 stocks changing hands, Kingston Properties rallied 49 cents to close at $7.99 after 6,251 stock units were traded. Massy Holdings advanced $3 to $98 in trading 67,506 units, Mayberry Investments declined 36 cents to $10.10 while exchanging 4,158 shares, Mayberry Jamaican Equities fell $1.10 in closing at $13.50, with 3,526 stocks clearing the market. Portland JSX increased 70 cents to $10.70 after 50,000 stock units changed hands, Proven Investments rose 70 cents to $36.75 in exchanging 3,532 shares, Pulse Investments dropped 32 cents in closing at $3.48, with 309,086 units crossing the market. Stanley Motta increased 40 cents in ending at $5.30 after exchanging 23,878 shares, 
Supreme Ventures rose $1.01 to end at $29.01, with 14,640 stock units crossing the market, Sygnus Credit Investments dropped $1.28 to close at $14.80, with 12,534 stocks changing hands. Sygnus Real Estate Finance rallied $1.05 in closing at $14 after an exchange of 3,310 units and Wisynco Group advanced 50 cents to close at $19.80, trading 42,528 stocks.
In the preference segment, Jamaica Public Service 9.5% slipped $1 to $2999 with an exchange of 13 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Paramount Trading joins ICTOP10
Dolla Financial Services IPO was heavily oversubscribed, and it is unlikely that investors will be able to buy the stock in the secondary market at a price that would place it in the TOP10 after day two of listing. Accordingly, the stock has been moved to the sideline, but it seems set to reach the $3 region sometime after listing.
The shifting of Dolla Financial out of the TOP10 resulted in Paramount Trading entering the TOP10 with the price falling to $1.75 in a week that saw investors selling stocks to raise funds to get into the IPO issue.
The past week was volatile, with the Junior Market index dropping more than 330 points or 7.6 percent from the close of the previous week to Wednesday, as investors sought funds to go into the Dolla IPO. The selloff was visible from May 12 with a near 100 points fall on that day as there was talk in the market of the pending issue.
This week’s pullback of the market resulted in mostly declines in the TOP10 Junior Market stocks. Medical Disposables dropped 13 percent to $7, while Access Financial also dropped 13 percent to close at $20, Elite Diagnostic slipped 9 percent in closing at $3.60 and Lasco Financial dipped 7 percent to $3.30.
For the TOP10 Main Market stocks, Berger Paints fell 13 percent to $10.63; Radio Jamaica declined 11 percent to $2.55, VM Investments lost 7 percent, followed by QWI Investments down 6 percent to 85 cents. There were no meaningful gains.
During the week, General Accident reported first quarter results with profit due to shareholders of the parent company rising 36 percent to $49 million, Friday after trading, Lasco Distributors reported profit increasing 12 percent for the full year to $1 billion but the final quarter being up 35 percent to $241 million and Lasco Manufacturing rising 45 percent in the March quarter to $522 million and the full year up 24 percent to $1.7 billion.ICInsider.com upgraded earnings for Lasco Distributors to 50 cents from 45 cents, but the others remain as previously stated. All three stocks are trading below ten times 2022 earnings and therefore have huge potential to appreciate.
Results for Access Financial and Medical Disposables to March are awaited.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.4, while the Junior Market PE for the Top 10 sits at 5.9 versus the market at 13.1. The Junior Market TOP10 is projected to gain an average of 245 percent to May 2023 and the Main Market 241 percent.
Watch these stocks that sit just outside the TOP10 that investors should watch. They include Key Insurance, followed by Caribbean Producers and Scotia Group from the Main Market. In the Junior Market, Iron Rock Insurance, Dolphin Cove, Jetcon Corporation, Stationery and Office Supplies and Lasco Manufacturingreported strong fourth quarter results to March this year.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
JSE USD market index slips
The market index slipped at the close of the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks traded dropping 73 percent and the value 94 percent from trading on Thursday, and ended with more stocks rising than falling.
Sseven securities traded, the same as Thursday, with three rising, one declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.42 points to end at 209.77. 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, 37,542 shares were traded for US$727 compared to 137,282 units at US$12,922 on Thursday.
Trading averaged 5,363 units at US$104, compared to 19,612 shares at US$1,846 on Thursday, with a month to date average of 47,579 shares at US$3,506 versus 49,348 units at US$3,648 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share rose 0.6 of a cent to close at 7.95 US cents while exchanging 265 shares Margaritaville closed at 15 US cents after trading 150 stock units, Proven Investments rallied 0.5 of one cent to end at 26.5 US cent, trading 400 units. Sygnus Credit Investments USD share increased 0.15 of a cent to 12.7 US cents, with 1,746 stocks changing hands and Transjamaican Highway dropped 0.02 of a cent in ending at 0.96 of one US cent with the swapping of 34,972 stock units.
In the preference segment, JMMB Group 5.75% finished at US$2.32, with eight stocks crossing the market and JMMB Group 6% remained at US$1.10 with an exchange of one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend gains for JSE main market
Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 11 percent within 18 percent greater value than on Thursday as rising stocks edged out those declining, sending the market indices into positive territory at the close.
Trading ended with 56 securities changing hands compared to 54 on Thursday, with 22 rising, 19 sliding, with 15 unchanged. The All Jamaican Composite Index rose 1,636.40 points to 443,816.22, the JSE Main Index 678.54 points to 387,816.69 and the JSE Financial Index dipped 0.10 points to settle at 92.77.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. 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 August 2023.
Overall, Overall, 11,037,154 shares were exchanged for $85,895,992 versus 12,027,193 units at $67,590,197 on Thursday. Trading averages 197,092 units at $1,533,857, compared to 222,726 shares at $1,251,670 on Thursday and month to date, an average of 237,747 units at $3,689,672, compared to 240,017 units at $3,810,037 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Transjamaican Highway led trading with 2.72 million shares for 24.6 percent of total volume, followed by Wigton Windfarm with 2.51 million units for 22.8 percent of the day’s trade and QWI Investments, 961,802 units for 8.7 percent of market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments dropped $2.21 to close at $87.65, with 48,902 shares changing hands, Caribbean Producers lost 71 cents to end at $15 in switching owners of 192,169 stocks, Eppley rallied $6.23 in ending at $46.23 after 35 stock units crossed the exchange. Eppley Caribbean Property Fund declined $2.95 in closing at $41.05 and trading 687 units, First Rock Capital climbed 85 cents to $12.40, with 12,035 shares crossing the market, JMMB Group gained 65 cents to end at $46 trading 160,986 stocks. Kingston Wharves increased $1.25 in ending at $39.70 after exchanging 6,212 units, Massy Holdings rose $1.80 to $95 with 4,080 stock units changing hands, Mayberry Jamaican Equities advanced $1.36 in closing at $14.60 in an exchange of 23,809 stocks. MPC Caribbean Clean Energy popped $9.99 to close at $105 with the swapping of 91 stock units, NCB Financial shed 50 cents to close at $106.50 with an exchange of 21,683 units, 138 Student Living advanced 43 cents to $5.19 with 15,946 shares clearing the market. PanJam Investment increased $2 to $66 after exchanging 3,106 stocks, Portland JSX fell 30 cents to $10 with 40,349 shares changing hands, Proven Investments fell $1.85 to end at $36.05 after exchanging 88,068 stock units. 
Sagicor Group rose $1.49 to $57.99, with 107,192 units crossing the market, Scotia Group popped 52 cents to close at $36 while exchanging 334,902 stocks, Seprod lost 39 cents, ending at $70.01 trading 5,380 units. Stanley Motta shed 40 cents in closing at $4.90 while exchanging 186,644 stock units, Sygnus Credit Investments rallied 98 cents to $16.08 and closed after trading 65,064 shares, Sygnus Real Estate Finance dropped 55 cents, ending at a 52 weeks’ low of $12.95, with 1,175 stock units crossing the market and Wisynco Group declined 65 cents to end at $19.30 in switching ownership of 266,327 shares.
In the preference segment, 138 Student Living preference share declined $1.66 to close at $16.50 in exchanging 311 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining TTSE stocks edged out those rising
Market activity on the Trinidad and Tobago Stock Exchange ended on Friday, with the volume of stocks traded dropping 83 percent and the value by 69 percent compared to Thursday.
A total of 14 securities traded similar to numbers on Thursday, with two rising, three declining and nine remaining unchanged. The Composite Index gained 0.77 points to end at 1,416.02, the All T&T Index advanced 1.48 points to 2,062.17 and the Cross-Listed Index remained unchanged at 101.45.
A total of 63,596 shares traded for $1,889,500 compared to 381,213 units at $6,106,922 on Thursday. An average of 4,543 units traded at $134,964, down from 27,230 shares at $436,209 on Thursday, with trading month to date averaging 35,886 units at $283,584 versus 55,646 units at $486,471. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Angostura Holdings finished at $22.90 after trading 2,136 shares, Calypso Macro Investment Fund remained at $20.50 in exchanging 30 stocks, Clico Investment Fund ended unchanged at $28.80, with three stock units crossing the exchange. 
Endeavour Holdings slipped 1 cent to $7.49 in an exchange of 58 units, First Citizens Group remained at $53 after trading 2,469 units, FirstCaribbean International Bank finished at $5.25 in trading 500 shares. JMMB Group ended at $2.50 in switching ownership of 43 stocks, Massy Holdings popped 1 cent to $5.21 while exchanging 5,680 stock units, National Enterprises popped 2 cents to close at $3.02, with 200 stock units clearing the market. Republic Financial Holdings lost 9 cents in ending at $140.01 after trading 5,919 shares, Scotiabank ended unchanged at $78, with 500 stocks changing hands, Trinidad & Tobago NGL declined 5 cents ending at $20.75, with 210 units crossing the market. Unilever Caribbean ended at $17.50 with an exchange of 45,673 shares and West Indian Tobacco finished at $23.50 after exchanging 175 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounce
Market activity ended on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded declining marginally, with a 36 percent lower value than on Wednesday but led to rising stocks exceeding those declining by a solid margin and leading to gains in the market indices.
Trading led to 54 active compared to 56 on Wednesday, with 28 rising, 17 declining and nine ending unchanged. 138 Student Living preference share surged to close at a 52 weeks’ high of $18.16 and Sygnus Real Estate Finance close at a 52 weeks’ low of $13.50.
The All Jamaican Composite Index rose 2,244.12 points to 442,179.82, the JSE Main Index rallied 693.48 points to close at 387,138.14 and the JSE Financial Index rallied 0.41 points to settle at 92.87.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. 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.
Investors exchanged 12,027,193 shares for $67,590,197 versus 12,344,026 units at $106,516,410 on Wednesday. Trading averaged 222,726 units at $1,251,670, compared to 220,429 shares at $1,902,079 on Wednesday and month to date, an average of 240,017 units at $3,810,037, compared to 241,000 units at $3,955,613 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Sagicor Select Financial Fund led trading with 3.26 million shares for 27.1 percent of the total volume followed by Wigton Windfarm with 2.37 million units for 19.7 percent of the day’s trade and Transjamaican Highway, 2.10 million units for 17.4 percent market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints climbed 30 cents to $10.60, with 246,149 shares changing hands, Caribbean Cement increased $2 to $63 after exchanging 42,623 units, Caribbean Producers advanced $1.75 in closing at $15.71 after trading 357,498 stocks. Eppley gained $1.33 to close at $40 in an exchange of 884 stock units, Eppley Caribbean Property Fund jumped $4 to $44, with 3,571 shares crossing the exchange, GraceKennedy popped 40 cents to end at $107.40 and closed with 61,067 units changing hands. Jamaica Broilers rallied 95 cents in closing at $28 with the swapping of 12,269 stocks, JMMB Group lost 64 cents to close at $45.35, with 77,049 stock units crossing the market, Kingston Wharves advanced $2.35 to $38.45 after trading 11,879 units. Massy Holdings popped $2.20 to $93.20, with 3,065 stocks clearing the market, Mayberry Investments increased 50 cents to $10.50 in trading 293,161 stock units, Mayberry Jamaican Equities dropped $1.51 after ending at $13.24 in switching ownership of 110,924 shares. MPC Caribbean Clean Energy shed $15.49 to end at $95.01 while exchanging 10 shares, NCB Financial declined $2 to $107 in exchanging 50,872 units, 138 Student Living fell 42 cents to close at $4.76 after 1,578 stocks passed through the exchange. PanJam Investment declined 50 cents to end at $64 with an exchange of 45,687 stock units, Portland JSX rallied $1.70 in ending at $10.30, with 105,172 stock units crossing the market, Proven Investments climbed $1.90 to close at $37.90 trading 13,369 shares.
Pulse Investments rose 50 cents to $3.85 in an exchange of 353,396 stocks, Sagicor Group lost $1 to end at $56.50 while exchanging 48,327 units, Salada Foods gained 50 cents to end at $6 in exchanging 9,143 shares. Seprod rallied 39 cents to $70.40, with 4,502 stock units changing hands, Sygnus Credit Investments gained 30 cents to close at $15.10 with an exchange of 19,503 stocks, Sygnus Real Estate Finance dropped 30 cents to close at a 52 weeks’ low of $13.50 after 4,840 units passed through the market and Wisynco Group popped 55 cents in ending at $19.95 while trading 577,465 units.
In the preference segment, JMMB Group 7.25% preference share shed 42 cents in closing at $2.79 in switching ownership of 12 stocks, 138 Student Living preference share surged $1.65 to close at a 52 weeks’ high of $18.16 in trading two stock units and Productive Business Solutions 9.75% preference share fell $7.24 to $107 in trading one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD market
Trading on the Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded declining 77 percent after the value dropped 87 percent lower than on Wednesday and resulting in seven securities trading, compared to 10 on the previous day, with one rising, three declining and three ending unchanged.
The JSE US Denominated Equities Index shed 0.22 points to end at 210.19. The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of137,282 shares traded for US$12,922 versus 585,815 units at US$99,060 on Wednesday. Trading averaged 19,612 units at US$1,846, compared to 58,582 shares at US$9,906 on Wednesday, with a month to date average of 49,348 shares at US$3,648 versus 50,649 units at US$3,727 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share lost 0.59 of a cent to end at 7.35 US cents with an exchange of 1,344 shares, Margaritaville remained at 15 US cents with six units changing hands, Proven Investments finished at 26 US cents, with 23,185 stock units crossing the market. Sygnus Credit Investments USD share declined 0.33 cents to 12.55 US cents in switching ownership of 13,921 stocks and Transjamaican Highway fell 0.02 of a cent to close at 0.98 of one US cent, with 96,811 shares crossing the market.
In the preference segment, JMMB Group 5.75% climbed 29 cents in closing at US$2.32 with an exchange of 1,469 stock units and JMMB Group 6% ended unchanged at US$1.10, with 546 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad Exchange
Market activity ended on Thursday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 58 percent with a 12 percent lower value than on Wednesday.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 14 securities traded compared to 20 on Wednesday, with two stocks rising, two declining and ten ending unchanged. The Composite Index advanced 2.72 points to 1,415.25, the All T&T Index increased 0.50 points to 2,060.69 and the Cross-Listed Index rallied 0.71 points to settle at 101.45.
Overall, 381,213 shares traded for $6,106,922, down from 903,191 units at $6,958,347 on Wednesday. An average of 27,230 units traded at $436,209 compared to 45,160 shares at $347,917 on Wednesday, with trading month to date averaging 50,540 units at $486,471 versus 51,548 units at $488,643. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended unchanged at $47.25 in trading 359 shares, Angostura Holdings remained at $22.90 after exchanging 4,511 stock units, Calypso Macro Investment Fund popped $1.98 to $20.50 with 11 stock units changing hands. Clico Investment Fund fell 20 cents to $28.80 in an exchange of 1,065 units, First Citizens Group finished at $53 after 3,381 units crossed the market, 
FirstCaribbean International Bank traded 2,395 stocks at $5.25. Guardian Holdings remained at $28 with an exchange of 2,479 stock units, JMMB Group rose 12 cents to end at $2.50, with 393 shares changing hands, Massy Holdings ended unchanged at $5.20 after exchanging 75,480 shares. Republic Financial Holdings shed 90 cents after ending at $140.10 in exchanging 100 stock units, Scotiabank remained at $78 in switching ownership of 1,326 units, Trinidad & Tobago NGL finished at $20.80 with the swapping of 10,422 stocks. Unilever Caribbean ended unchanged at $17.50 while exchanging 266,134 shares and West Indian Tobacco finished at $23.50, with 13,157 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers edged out Main Market winners
Market activity ended on Wednesday, with the volume of stocks traded declining 49 percent and the value 36 percent lower than on Tuesday on the Jamaica Stock Exchange Main Market as declining stocks edged out rising stocks.
The All Jamaican Composite Index dropped 2,314.48 points to 439,935.70, the JSE Main Index rose 956.58 points to close at 386,290.42 and JSE Financial Index fell 0.13 points to settle at 92.46.
A total of 56 securities traded, the same as on Tuesday, with 22 rising, 25 declining and nine ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14. 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, 12,344,026 shares were exchanged for $106,516,410 down from 24,048,471 units at $165,423,987 on Tuesday. Trading averages 220,429 units at $1,902,079, compared to 429,437 shares at $2,954,000 on Tuesday and month to date, an average of 241,000 units at $3,955,613, compared to 242,290 units at $4,084,390 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Wigton Windfarm led trading with 2.73 million shares for 22.1 percent of total volume, followed by JMMB Group 7.25% preference share due 2024, with 1.40 million units for 11.4 percent of the day’s trade, Sagicor Select Financial Fund chipped in with 1.39 million units for 11.3 percent market share and Transjamaican Highway, 1.10 million units for 8.9 percent of the day’s trades.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement popped 49 cents to close at $61, trading 59,517 shares, Caribbean Producers shed 34 cents to end at $13.96 in an exchange of 166,067 stock units, Carreras fell 30 cents in closing at $9.60 with an exchange of 268,574 stocks. Eppley dropped $4.33 at $38.67 after exchanging 1,363 units, GraceKennedy lost 32 cents to end at $107 after 34,348 stock units crossed the exchange, Guardian Holdings climbed $9 in closing at $520 after exchanging 3,173 shares. Jamaica Broilers declined $1.25 in ending at $27.05 with 110,937 units changing hands, Jamaica Producers advanced 32 cents to end at $21.95 while exchanging 16,979 stocks, Jamaica Stock Exchange dropped 55 cents to $18.50 after an exchange of 23,072 stock units. JMMB Group rallied $2.99 to close at $45.99, with 474,181 stocks changing hands, Margaritaville lost 40 cents to close at $22.60 in trading 64 units, Massy Holdings rose $1 in closing at $91 after 50,121 shares crossed the market. Mayberry Jamaican Equities gained $1.75 to end at $14.75 with the swapping of 83,664 stocks, 138 Student Living climbed 83 cents ending at $5.18 in switching ownership of 400 shares, Palace Amusement shed $30 to $920 in exchanging two units. 
PanJam Investment rallied $11.50 to end at $64.50 with 26,096 stock units crossing the market, Sagicor Group climbed $1.50 to close at $57.50, with 138,329 shares clearing the market, Salada Foods declined 40 cents to $5.50 in exchanging 38,244 stock units. Seprod fell $1.49 to $70.01 after exchanging 96,172 stocks, Sygnus Credit Investments lost 70 cents in closing at $14.80 after trading 78,324 units and Wisynco Group fell 60 cents to $19.40, with 212,894 stock units changing hands.
In the preference segment, JMMB Group 7.25% preference share, gained 36 cents in closing at $3.21 after trading 37 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest gains for JSE USD market
Trading close of the Jamaica Stock Exchange US dollar market on Wednesday, with a 59 percent decline in the volume of stocks traded and a 31 percent rise in the value compared to Tuesday, resulting in more stocks rising than falling.
A total of 10 securities traded, the same as Tuesday, with three rising, two declining and five ending unchanged. The JSE US Denominated Equities Index popped 0.09 points to end at 210.41.
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 from September 2022 up to August 2023.
Overall, 585,815 shares traded, for US$99,060 compared to 1,415,498 units at US$75,783 on Tuesday. Trading averaged 58,582 units at US$9,906, compared to 141,550 shares at US$7,578 on Tuesday, with a month to date average of 50,649 shares at US$3,727 versus 50,121 units at US$3,315 the previous day. Tuesday. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ending with a higher bid than the last selling price and two stocks with lower offers.
At the close, First Rock Capital USD share ended unchanged at 7.94 US cents after trading 11 shares, Productive Business Solutions advanced 2 cents in closing at US$1 in exchanging 12 stock units, Proven Investments finished at 26 US cents, with 369,647 units crossing the exchange. 
Sterling Investments lost 0.09 of a cent to end at 2.05 US cents, with 19,700 stocks changing hands, Sygnus Credit Investments USD share popped 0.53 of one cent to 12.88 US cents trading 1,007 units, Sygnus Real Estate Finance USD share remained at 12.5 US cents while exchanging 600 stocks and Transjamaican Highway rose 0.02 of a cent to 1 US cent after trading 194,663 stock units.
In the preference segment, Equityline Mortgage Investment preference share finished at US$1.70 after trading of 115 shares, JMMB Group 5.75% declined 29.3 cents in closing at US$2.03 in an exchange of 58 stock units and JMMB Group 6% remained at US$1.10 with the swapping of two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
