Trading picked up moderately on Tuesday, with 15 percent more shares than on Monday, after 122 percent more funds chased stocks on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks advancing than falling.
Five securities traded on Tuesday, similar to Monday, with prices of three stocks rising, one declining and one remaining unchanged. The JSE USD Equity Index rose 0.76 points to close at 198.43.
The PE Ratio, a measure that determines an appropriate relative value of each stock, ended at 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading ended with 493,662 shares changing hands for US$19,410 up from 428,557 units at US$8,730 on Monday. The average trade ended with 98,732 shares at US$3,882, in contrast to 85,711 shares at US$1,746 on Monday. Trading month to date averages 102,200 units at US$4,873 in contrast to 102,489 units at US$4,956 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital gained 0.3 of a cent to finish at 9 US cents, trading 15,710 shares, Margaritaville rose 0.12 of a cent to 8.15 US cents with an exchange of 2,305 units, Proven Investments remained at 25.99 US cents with 36,850 stock units changing hands. Sterling Investments lost 0.04 of a cent to close at 2 US cents with 386,182 stock units changing hands and Transjamaican Highway added 0.02 of a cent to finish at 0.88 US cents with 52,615 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with the JSE USD Equity Index slipping 3.28 points to end at 197.67. The PE Ratio, a measure that determines an appropriate relative value of stocks, averages 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital dipped 0.3 of a cent to finish at 8.7 US cents with 11,182 shares traded, Proven Investments rose 0.01 of a cent to close at 25.99 US cents with an exchange of 7,881 units, Sterling Investments fell 0.33 of a cent to 2.04 US cents with a transfer of 175,520 stock units and Transjamaican Highway lost 0.04 of a cent to end at 0.86 of a US cent with 233,904 stocks crossing the exchange.
Just five securities traded on Friday, compared to six on Thursday, with two rising, two declining and one remaining unchanged.
At the close, 200 shares of First Rock Capital traded at 9 US cents, Margaritaville shed 0.97 of a cent to close at 8.03 US cents with an exchange of 53,643 stock units, Proven Investments slipped 0.01 of a cent to close at 25.98 US cents while exchanging 8,690 stock units and Sygnus Credit Investments rose 0.2 of a cent to 15.2 US cents after 20,278 shares crossed the exchange.
Similar to Wednesday, trading ended with six securities changing hands, with prices of two rising, three declining and one remaining firm.
At the close, First Rock Capital climbed 0.3 of a cent to 9 US cents trading 95,173 shares, Productive Business Solutions traded 46 stock units at 80 US cents, Proven Investments slipped 0.01 of a cent to 25.99 US cents with 20,467 stocks changing hands. Sterling Investments slipped 0.02 of a cent to 2.37 US cents after a transfer of 450 units, Sygnus Credit Investments lost 0.3 of a cent end at 15 US cents with 112,400 stock units passing through the market and Transjamaican Highway rose 0.05 of a cent to 0.90 US cents with 227,425 shares crossing the exchange.
Similar to Tuesday with six securities changed hands on Wednesday, with two stocks rising and four declining.
Margaritaville shed 1 cent to finish at 9 US cents with an exchange of 190,152 stock units, Proven Investments slipped 0.09 of a cent to end at 26 US cents with 6,662 stocks traded. Sygnus Credit Investments increased 0.29 of a cent to 15.3 US cents with a transfer of 643 shares and Transjamaican Highway lost 0.01 of a cent to 0.85 US cents with 349,856 units crossing the exchange.
Margaritaville advanced 1 cent to 10 US cents with 9,962 stock units changing hands, MPC Caribbean Clean Energy climbed 22 cents to US$1.15 with investors switching ownership of 310 units. Sygnus Credit Investments finished at 15.01 US cents with a transfer of 2,000 shares and Transjamaican Highway lost 0.06 of a cent to settle at 0.86 US cents with 467,450 units crossing the exchange.
First Rock Capital ended trading of one share at 9 US cents, Margaritaville lost 0.9 of a cent to close at 9 US cents after 176,842 units crossed the market, Proven Investments gained 0.1 of a cent to end at 26.09 US cents, with 164,560 stock units changing hands. Sterling Investments rose 0.09 of a cent in ending at 2.39 US cents after 814,150 stock units cleared the market and Sygnus Credit Investments dropped 0.29 of a cent to 15.01 US cents in trading 5,800 stock units.
Trading ended with the JSE USD Equity Index rallying 3.19 points to close at 200.51. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital settled at 9 US cents after 10,814 shares were traded, Productive Business Solutions remained at 80 US cents with 108 stock units changing hands, Proven Investments popped 0.99 of a cent to 25.99 US cents with 108,096 shares changing hands. Sterling Investments rose 0.25 of a cent in closing at 2.3 US cents after exchanging 39,116 units, Sygnus Credit Investments rose 0.1 of a cent to 15.3 US cents, with 3,717 stock units crossing the exchange and Transjamaican Highway popped 0.01 of a cent to 0.92 of a US cent in trading 13,719 shares.
Proven Investments declined 0.9 of a cent to end at 25 US cents with 50,282 shares changing hands, Sterling Investments rose 0.05 of a cent to 2.05 US cents with 24,297 stocks traded, Sygnus Credit Investments declined by 0.29 of a cent to 15.2 US cents with a transfer of 16,733 units and Transjamaican Highway rallied 0.06 of a cent to land at 0.91 US cents with 40,000 shares crossing the exchange.
Trading ended with five securities changing hands, compared to eight on Tuesday with the prices of one stock rising, two declining and two remaining unchanged.
At the close, First Rock Capital had an exchange of 44,814 shares at 8.99 US cents, Productive Business Solutions had trading of 9 stock units at 80 US cents, Proven Investments lost 0.1 of a cent to end at 25.9 US cents with 21,708 units changing hands. Sterling Investments slipped 0.01 of a cent to 2 US cents with a transfer of 52,000 stocks and Sygnus Credit Investments rose 0.48 of a cent to close at 15.49 US cents with 10,974 shares crossing the exchange.