Proven Investments traded 65 million shares on Tuesday, dominated trading with 99.96 percent of the day’s volume on the JSE USD market closed and leading to the volume of shares changing hands 104 percent valued 3,756 percent more than on Monday.
Seven securities traded, on a day when no stock gained compared to six on Monday and ended, with prices of four declining and three ending unchanged. The US Denominated Equities Index fell 1.10 points to end at 186.79.
The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 64,942,767 shares traded for US$15,026,017, up from 31,764,409 units at US$389,704 on Monday. Trading averaged 9,277,538 units at US$2,146,574, compared to 5,294,068 shares at US$64,951 on Monday and the month to date averages 967,76 shares at US$150,051 versus to 397,483 units at US$13,035 on Monday. August ended with an average of 210,413 units for US$12,959.
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, First Rock Capital remained at 7 US cents with an exchange of 5,479 shares, MPC Caribbean Clean Energy settled at US$1 with a transfer of 498 stocks, Proven Investments declined by 0.34 of a cent to end at 23.15 US cents with 64,918,595 units changing hands. Sterling Investments finished at 2.09 US cents with investors switching ownership of 200 stock units, Sygnus Credit Investments USD dropped 1.24 cents to 11.76 US cents with a transfer of 6,530 shares and Transjamaican Highway lost 0.03 of a cent to close at 0.97 US cents with 553 units crossing the exchange.
In the preference segment, JMMB Group 6% fell 3 cents to close at US$1.01 after exchanging 10,912 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Proven dominance shows on JSE USD market
Trading spike on JSE USD market on Monday
Eight times more money passed through the JSE USD market on Monday with the volume of shares trading surging 5,076 percent over Friday’s and resulted in more stocks rising than falling after trading cooled down.
Six securities traded down from seven on Friday with four rising, one declining and one ending unchanged. The JSE US Denominated Equities Index rallied 4.68 points to 187.89. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 31,764,409 shares traded for US$389,704 up from 613,698 units at US$47,818 on Friday. Trading averaged 5,294,068 units at US$64,951 compared to 87,671 shares at US$6,831 on Friday and month to date averages, 397,483 at US$13,035 versus 91,447 units at US$9,791 on Friday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and two with lower offers.
At the close, First Rock Capital remained at 7 US cents after 884,883 shares traded, Proven Investments gained 0.29 of a cent to end at 23.49 US cents with an exchange of 5,665 stocks, Sterling Investments lost 0.05 of a cent to end at 2.09 US cents with 150,632 units changing hands. Sygnus Credit Investments USD gained 0.1 of a cent to finish at 13 US cents with a transfer of 86,783 stock units and Transjamaican Highway advanced 0.18 cents to settle at 1 US cent with 30,628,178 shares crossing the exchange.
In the preference segment, JMMB Group 6% popped 1 cent to close at US$1.04 with 8,268 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market slips quietly into weekend
The number of securities trading on Friday rose above that on Thursday, with investors exchanging 134 percent more shares than they did on Thursday in swapping three percent more funds, as well and resulted in rising stocks just outnumbering falling ones at the end of market activity on the JSE USD market for the week.
Seven securities traded, compared to six on Thursday with prices of three rising, two declining and two ending unchanged.
The US Denominated Equities Index lost 1.33 points to end at 183.21, falling nearly two percent for the year to date. The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 613,698 shares traded for US$47,818 compared to 262,786 units at US$46,376 on Thursday. Trading averaged 87,671 units at US$6,831 versus 43,798 shares for US$7,731 on Thursday and month to date an average of 91,447 at US$9,791 versus 91,744 units for US$10,023 on Thursday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than its last selling price and two closed with lower offers.
At the close, First Rock Capital fell 0.01 of a cent to t 7 US cents with an exchange of 275,265 shares, Margaritaville remained at 9 US cents with the transfer of 21,432 stocks, Proven Investments advanced 0.2 of a cent to 23.2 US cents with 95,980 units traded. Sterling Investments popped 0.14 of a cent to 2.14 US cents with 2,295 stock units passing through the market, Sygnus Credit Investments USD share ended at 12.9 US cents with investors switching ownership of 15,000 stocks and Transjamaican Highway dropped 0.07 of a cent to close at 0.82 US cents with 203,700 units crossing the exchange.
In the preference segment, JMMB Group 6% gained 2 cents to settle at US$1.03 with 26 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE USD Market on Thursday
Trading on the USD market closed on Thursday, with the volume of shares changing hands declining as investors exchanged 71 percent fewer shares at 39 percent lower value than on Wednesday and ending with the majority of shares remaining unchanged.
Trading ended with six securities changing hands, compared to eight on Wednesday with no stocks rising, one declining and five ending unchanged. The US Denominated Equities Index fell 0.55 points to end at 184.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 11.5 on Thursday based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 262,786 shares traded for US$46,386, down from 901,226 units at US$72,066 on Wednesday.
Trading averaged 43,798 units for US$7,731 compared to 112,653 shares at US$9,008 on Wednesday and the month to date an average of 91,744 at US$10,023 versus 95,210 units at US$10,189 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than its last selling price and one with a lower offer.
At the close, First Rock Capital ended at 7.01 US cents with 50,000 shares traded, Margaritaville settled at 9 US cents with 94,850 units changing hands, Proven Investments dropped 0.8 of a cent to end at 23 US cents with a transfer of 87,008 stock units and Sygnus Credit Investments USD share closed at 12.9 US cents with 21,849 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% settled at US$2.02 with 2,225 stock units traded and JMMB Group 6% closed at US$1.01 with 6,854 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rebounds on JSE USD Market Wednesday
Trading on the USD market ended on Wednesday with the market rebounding, as the volume of shares changing hands jumped 714 percent for 543 percent more value than on Tuesday, resulting in more stocks rising than falling and the market index just inching higher.
Overall, 901,226 shares changed hands for US$72,066 up from 110,662 units at US$11,208 on Tuesday.
Trading averaged 112,653 units at US$9,008, compared to 22,132 shares at US$2,242 on Tuesday and the month to date averages 95,210 at US$10,189 versus 93,349 units at US$10,315 on Tuesday. August ended with an average of 210,413 shares for US$12,959.
Eight securities traded, compared to five on Tuesday with prices of five rising, two declining and one ending unchanged.
The US Denominated Equities Index popped 0.27 points to 185.09. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling prices and one with a lower offer.
At the close, First Rock Capital popped 0.01 of a cent to 7.01 US cents with investors switching ownership of 825,502 shares, Margaritaville advanced 0.25 of a cent to 9 US cents trading 6,943 units, MPC Caribbean Clean Energy lost 4 cents to settle at US$1 with 20 stock units traded. Productive Business Solutions 2 cents to 75 US cents with a transfer of 5 stocks, Proven Investments gained 1 cent to close at 23.8 US cents with 55,987 shares passing through the market, Sterling Investments rose 0.1 of a cent to end at 2 US cents with 10,162 stocks traded. Sygnus Credit Investments USD climbed 0.6 of a cent to 12.9 US cents with 2,575 units changing hands and Transjamaican Highway remained unchanged at 0.89 US cents with 32 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stock losses for JSE US Market
Trading ended with the market declining after investors exchanged 39 percent fewer shares for 32 percent less funds on Tuesday than on Monday, on the Jamaica Stock Exchange US dollar market, resulting from declining stocks dominating market activity.
Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended with four stocks declining and one remaining unchanged. The JSE US Denominated Equities Index slipped 0.91 points to end at 184.82.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 110,662 shares traded for US$11,208 compared to 180,46 units at US$16,528 on Monday.
Trading averaged 22,132 units at US$2,242 compared to 45,115 shares at US$4,132 on Monday and month to date averages 93,349 at US$10,315 versus 98,436 units at US$10,892 on Monday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville shed 0.25 of a cent to 8.75 US cents with an exchange of 61,940 shares, Proven Investments fell 0.2 of a cent to 22.8 US cents with 9,402 stocks traded, Sterling Investments declined 0.24 of a cent to 1.9 US cents with a transfer of 30,205 units and Sygnus Credit Investments USD share dipped 0.6 of a cent to 12.3 US cents with 7,130 stock units crossing the exchange.
In the preference segment, JMMB Group 6% traded 1,985 shares at US$1.01.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB sold US$874 million short
The US dollar peaked against the Jamaican currency in July as reflected in Bank of Nova Scotia selling the currency at the highest rate since June at an average of J$157.3698 on July 29 and Citibank selling at an average of US$157.8402. Last Friday, Bank of Nova Scotia sold the US dollar at an average of J$150.3714 and Citibank at $149.08. The indications are that these rates are likely to decline further, with more net selling by National Commercial Bank as the Jamaican dollar goes through one of its frequent yearly swings, in response to demand and supply of the US dollars.
NCB Financial Montego Bay branch
NCB sold off more than twice the amount of US dollars they purchased into the foreign exchange market, since the beginning of June this year up to Friday last week, with the bank selling US$1,298,524,926 or US$874,064,897 more than the US$424,460,029 purchased from the public. In 2020, NCB sold $900 million US dollars more than they purchased.
Data show that net purchases by NCB took place on only 3 days since the start of August. NCB net sales would include the sale of US dollars that emanated from the conversion of the surplus of other currencies into US dollars. The net position reflects a definitive selling short by NCB, with demand for US dollars waning one source informed ICInsider.com and the view that the situation won’t change before December when demand is expected to dip further and supplies increase.
In contrast to the actions of NCB, Bank of Nova Scotia the second largest foreign exchange trader bought US$511,485,130 and sold US$507,936,088 between the beginning of June and Last Friday, data from Bank of Jamaica shows.
Other developments in the foreign exchange market that could have a marked impact on liquidity are the continuing growth in remittance inflows in 2021 over the record 2020 flows. Bank of Jamaica draining of liquidity in the financial system has led to increasing interest rates on BOJ CDS from under one percent a few weeks ago to nearly two percent this week. Recovery in visitor arrival, with August arrivals approaching 80 percent of arrivals in 2019 and well over that of 2020. Increased exports earnings and of course increased imports cost.
Rising stocks dominate JSE USD Market
Trading on the JSE USD market closed on Monday, with the volume of shares changing hands rising by 27 percent as the value jumped 337 percent over Friday trades and resulting in more stocks rising than falling.
Trading ended with four securities changing hands, compared to five on Friday, with prices of three rising and one remaining unchanged.
The JSE US Denominated Equities Index rallied by 4.03 points to end at 185.73.
The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s forecasted earnings for 2021-22.
Overall, 180,461 shares traded for US$16,528 compared to 142,093 units at US$3,779 on Friday.
Trading averaged 45,115 units at US$4,132 compared to 28,419 shares at US$756 on Friday, while the month to date averages 98,436 at US$10,892 versus 101,668 units at US$11,301 on Friday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and one closed with a lower offer.
At the close, Proven Investments advanced by 0.94 of a cent to 23 US cents after trading 2,215 shares, Sterling Investments ended at 2.14 US cents with 51,201 stocks traded, Sygnus Credit Investments US$ share rose 0.4 of a cent to finish at 12.9 US cents with 118,167 stock units changing hands and Transjamaican Highway gained 0.08 of a cent to settle at 0.89 US cents with 8,878 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE US market to close week
Trading on the US dollar market of the Jamaica Stock Exchange ended on Friday with the index advancing after investors exchanged 97 percent fewer shares than on Thursday, with 99 percent less value, resulting in an even number of stocks rising and falling.
Similar to Thursday, trading on Friday ended with five securities changing hands, with the prices of one rising, one declining and three remaining unchanged.
The US Denominated Equities Index popped 1.44 points to end at 181.70.
The PE Ratio, a measure that computes appropriate stock values averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 142,093 shares traded for just US$3,779 down from 4,784,977 units at US$360,436 on Thursday. Trading averaged 28,419 units at US$756 versus 956,995 shares at US$72,087 on Thursday, with an average of 101,668 shares at US$11,301, month to date, versus 107,672 units at US$12,166 on Thursday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital fell 0.5 of a cent to 7 US cents with an exchange of 8,000 shares, Margaritaville remained at 9 US cents with 9,000 units traded, Proven Investments rose 0.04 of a cent to finish at 22.06 US cents with 1,938 stocks changing hands. Sygnus Credit Investments USD share settled at 12.5 US cents with the switching ownership of 8,155 stock units and Transjamaican Highway finished trading at 0.81 US cents with 115,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
First Rock Capital drives trading volume
First Rock Capital traded over 4.7 million stock units on the JSE USD market on Thursday, driving the volume of shares changing hands up by 6,728 percent, while the value surging 2925 percent above Wednesday’s levels and had a hand in rising stocks just outnumbering falling ones.
Five securities traded compared to four on Wednesday, with the prices of two rising, one declining and two closning unchanged. The US Denominated Equities Index inched 0.24 points higher to 180.26. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 4,784,977 shares traded for US$360,436 compared to just 70,076 units at US$11,915 on Wednesday. Trading averaged 956,995 units at US$72,087 compared to 17,519 shares at US$2,979 on Wednesday and month to date averages 107,672 at US$12,166 versus 31,839 units at US$6,816 on Wednesday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital rose half a cent to 7.5 US cents with a solid 4,728,266 shares traded, Margaritaville remained at 9 US cents with an exchange of 41,000 units, Proven Investments dropped 1.38 cents to end at 22.02 US cents with a transfer of 8,700 stock units. Sterling Investments increased by 0.4 of a cent to close at 2.14 US cents with 2,027 stocks changing hands and Sygnus Credit Investments USD stock settled at 12.5 US cents with 4,984 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.