Stocks traded on Thursday, with a drop of 60 percent, with a 38 percent lower value than on Friday on the Jamaica Stock Exchange US dollar market, following an exchange of seven securities, compared with eight on Friday, with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 9,916 shares for US$2,439, after slumping from 24,870 stocks at US$3,934 on Friday.
Trading averaged 1,417 shares at US$348, down from 3,109 stocks at US$492 on Friday, with a month to date average of 36,719 units at US$2,934, having declined from 38,389 stocks at US$3,056 on the previous day and September, with an average of 127,542 units for US$6,557.
The US Denominated Equities Index dropped 1.14 points to wrap-up trading at 196.09. The 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.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.4. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, Margaritaville remained at 7 US cents in trading 94 shares, Proven Investments shed 0.25 of one cent in closing at 10 US cents after an exchange of 1,818 stock units, Sygnus Credit Investments gained 0.88 of one cent to 7.7 US cents with investors swapping a mere one share. Sygnus Real Estate Finance USD share popped 0.39 of a cent and ended at 6.39 US cents with traders crossing 312 units through the exchange and Transjamaican Highway slipped 0.06 of one cent to close at 2.68 US cents with investors dealing in 6,578 stocks.
In the preference segment, JMMB Group US8.5% dipped 14 cents to finish at US$1.15 in an exchange of 1,014 units and Sygnus Credit Investments 8% ended at US$10 after trading of 99 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market ICTOP10, Elite Diagnostic jumped 41 percent to $1.91, Consolidated Bakeries and Express Catering delivered gains of 36 percent to end at $1.70 and $3,65, respectively. Kintyre Holdings popped 30 percent to 30 cents, and Medical Disposables rallied 15 percent to end at $1.72.
Indicators of potential gains for the market show, the average PE for the JSE Main Market ICTOP 10 is 5.8, well below the market average of 13.5 and shows 18 stocks, with the highest values accounting for 35 percent of the market, with PE ratios of 15 to 40. The average PE for half of the market with the highest values is 20.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
The market closed with an exchange of 107,676 shares for US$8,375 compared to 787,325 stocks at US$33,574 on Wednesday.
Sygnus Credit Investments rallied 0.74 of a cent in closing at 7.74 US cents, with 2,987 units crossing the market, Sygnus Real Estate Finance USD share sank 0.39 of one cent to 6 US cents with traders dealing in 3,079 shares and Transjamaican Highway shed 0.02 of a cent to finish at 2.75 US cents after a transfer of 92,115 stock units.
The market closed with an exchange of 787,325 shares for US$33,574, up sharply from just 138,842 stocks at US$7,128 on Tuesday.
Productive Business Solutions remained at 70 US cents, with a mere 4 stocks crossing the exchange, Proven Investments popped 0.78 of one cent to 10.28 US cents with investors trading 1,493 shares. Sterling Investments ended at 2 US cents in an exchange of 15,708 stock units, Sygnus Credit Investments dipped 0.78 of a cent and ended at 7 US cents, with 144,587 stock units clearing the market and Transjamaican Highway advanced 0.09 of one cent to finish at 2.77 US cents with an exchange of 624,021 units.
Sterling Investments ended at 2 US cents in trading 191 stocks, Sygnus Credit Investments remained at 7.78 US cents after a transfer of 20,255 units. Sygnus Real Estate Finance USD share popped 0.01 of one cent to 6.39 US cents, with investors trading 2 shares and Transjamaican Highway dipped 0.01 of a cent to finish at 2.68 US cents in an exchange of 87,392 stocks.
The market closed with an exchange of 26,534 shares for US$1,226 with a slide from 339,923 stocks at US$14,918 on Thursday.
Margaritaville popped 1.2 cents to end at 9.2 US cents with 80 shares switching owners, Proven Investments remained at 10 US cents with investors swapping 6,190 units, Sterling Investments climbed 0.1 of a cent to close at 2 US cents with 497 stock units clearing the market. Sygnus Credit Investments ended at 7.01 US cents in trading of 30 shares, Sygnus Real Estate Finance USD share ended at 6.24 US cents after closing with an exchange of 37 stock units and Transjamaican Highway popped 0.01 of one cent to end at 2.97 US cents with 19,700 shares changing hands.
The market closed with an exchange of 511,073 shares for US$25,145, jumping from 299,306 stocks at US$9,514 on Wednesday.
Proven Investments remained at 10 US cents with 159,490 shares crossing the market, Sterling Investments slipped 0.1 of a cent to finish at 1.9 US cents with investors swapping 578 stock units, Sygnus Credit Investments ended at 7.78 US cents with 525 shares changing hands. Sygnus Real Estate Finance USD share gained 0.97 of a cent to 6.78 US cents in trading 3,279 units and Transjamaican Highway ended at 2.55 US cents after a transfer of 346,609 stocks.
The market closed with an exchange of 379,474 shares for US$44,058, rising from 62,154 stocks at US$12,021 on Monday.
Proven Investments remained at 10 US cents in an exchange of 392 units, Sterling Investments ended at 2 US cents with 54 stock units crossing the market, Sygnus Credit Investments remained at 7.78 US cents with investors trading 522 shares and Transjamaican Highway rallied 0.12 of one cent to 2.64 US cents after an exchange of 225,486 stock units.
The market closed with an exchange of 62,154 shares for US$12,021, in tumbling from 243,669 stocks at US$12,522 on Friday.
Proven Investments rallied 0.14 of one cent in closing at 10 US cents with an exchange of 3,191 units, Sterling Investments ended at 2 US cents after an exchange of 1,248 stocks, Sygnus Credit Investments ended at 7.78 US cents after the trading of 354 units. Sygnus Real Estate Finance USD share ended at 5.81 US cents with investors swapping 108 shares and Transjamaican Highway dropped 0.09 of one cent to end at 2.52 US cents after an exchange of 10,616 stock units.
At the close of the market, First Rock Real Estate USD share dipped 0.47 of a cent in closing at 2.01 US cents with 1,140 shares clearing the market, Margaritaville ended at 8.1 US cents in an exchange of 5 stocks, Productive Business Solutions lost 10 cents to close at a 52 weeks low of 65 US cents with 157 shares crossing the market. Proven Investments remained at 10 US cents after a transfer of 10,583 stock units and Transjamaican Highway slipped 0.1 of a cent to end at 2.58 US cents with 196,370 units crossing the exchange.