Big jump in trading volume & value

The volume of stocks trading on Wednesday, jumped 689 percent over on Tuesday as the value traded surged 919 percent, on the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.

At the close, 1,709,808 shares traded, for US$372,565 compared to 216,610 units at US$36,569 on Tuesday.
Eight securities traded, down from nine on Tuesday with prices of three stocks rising, two declining and three remaining unchanged.
JSE USD Equity Index gained 0.40 points to end at 201.65. The average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading averaged 213,726 units at US$46,571,  up from 24,068 shares at US$4,063 on Tuesday. The average trade month to date is 69,785 units,  at US$14,041 in contrast to 56,990 units at US$11,150 on Tuesday. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital ended at 8.9 US cents in exchanging 112 shares, Margaritaville finished at 10 US cents, with 1,992 units changing hands, Proven Investments climbed 0.02 cents to 25 US cents after exchanging 1,325,417 units. Sterling Investments dipped 0.01 cent to 1.98 US cents swapping 3,000 units, Sygnus Credit Investments ended at 14 US cents trading 40,000 units and Transjamaican Highway carved out a gain of 0.07 cents to close at 0.96 US cents in an exchange of 322,789 units.
In the preference segment, Equityline Mortgage Investment preference share rose 4 cents to US$2 after exchanging 196 shares and JMMB Group 5.75% dropped 3 US cents to end at US$2 with 16,302 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Broadened trading on JSE USD market

Trading spread to nine stocks at the close of the JSE US market on Tuesday, up from five on Monday, leading the market to a mild gain at the close JSE USD Equity Index gained 2.01 points to end at 201.25 on the Jamaica Stock Exchange US dollar market.
Trading ended with nine securities changing hands, compared to five on Monday, with prices of two rising, four declining and three remaining unchanged. The average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed after trading 58 fewer shares than on Monday with an exchange of 216,610 shares, for US$36,569, down from 520,461 units at US$80,702 on Monday.
Trading averaged 24,068 units at US$4,063, in contrast to 104,092 shares at US$16,140 on Monday. Trading averaged 56,990 units for the month to date at US$11,150 in contrast to 60,648 units at US$11,937 on Monday. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, First Rock Capital traded 3,939 shares at 8.9 US cents, Margaritaville settled at 10 US cents after trading at 52 weeks’ intraday low of 9 cents and exchanging 968 shares, MPC Caribbean Clean Energy rose 1 US cents to  US$1.10, with 500 shares changing hands.  Proven Investments lost 0.01 of a cent to 24.98 US cents, with 10,059 units changing hands, Sterling Investments fell 0.01 of one cent to close at 1.99 US cents after exchanging 25,128 shares, Sygnus Credit Investments remained at 14 US cents in trading23,991 shares and Transjamaican Highway lost 0.01 of a cent to close at 0.89 US cents with an exchange of134,525 stock units.
In the preference segment, JMMB Group 5.75% gained 1 cent to close at US$2.03 in switching ownership of 10,000 units and JMMB Group 6% fell 8 cents to US$1.02 in trading7,500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE USD market

Trading on Monday ended with the market rising after trading 45 percent more shares than on Friday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Trading ended with five securities changing hands, similar to Friday and ended with two rising and three trading unchanged. The JSE USD Equity Index gained 1.18 points to end at 198.38.
The average PE Ratio ends at 13.6 based on  ICInsider.com’s forecast of 2020-21 earnings.
In total, 520,461 shares traded at US$80,702 compared to 358,713 units at US$24,581 on Friday.
Trading averaged 104,092 units at US$16,140, up from 71,743 shares at US$4,916 on Friday. Trading averaged 60,648 units for the month to date at US$11,937 in contrast to 57,790 units at US$11,661 on Friday. February ended with an average of 69,547 units for US$9,223.
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, First Rock Capital closed at 8.9 US cents while exchanging 19,012 shares, Margaritaville ended at 10 US cents with 6,500 stock units trading, Proven Investments gained 0.79 US cents in closing at 24.99 US cents in switching ownership of 220,030 units. Sygnus Credit Investments rose half a cent in closing at 14 US cents in 170,358 stock units changing hands and Transjamaican Highway stayed at 0.9 of one US cents in owners switching 104,561 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Lower trading higher prices for JSE USD market

Trading on Thursday ended after trading 30 percent fewer shares valued 53 percent lower than on Wednesday, at the close of the US dollar market of the Jamaica Stock Exchange, resulting in half of the stocks that traded rising in price and the rest remaining unchanged.
Trading ended with four active securities, compared to five on Wednesday and closed with the prices of two rising and two remaining unchanged.
The JSE USD Equity Index gained 2.99 points to end at 197.85. The average PE Ratio ends at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 159,474 shares, for US$10,158 compared to 227,504 units at US$21,770 on Wednesday.
Trading averaged 39,869 units at US$2,539, down from 45,501 shares at US$4,354 on Wednesday. Trading month to date averaged 66,344 units at US$13,987, from 68,927 units at US$15,104 on Wednesday. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital settled at 8.5 US cents trading 1,800 shares, Margaritaville closed at 10 US cents with 78,783 units crossing the market, Proven Investments gained half a cent in closing at 23.5 US cents in an exchange of 6,280 shares and Transjamaican Highway gained 0.07 of one cent in ending at 0.92 of a US cent, with a transfer of 72,611 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market falls

Trading on Wednesday ended with the market declining after an exchange of 41 percent fewer shares than Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising.
Similar to Tuesday, five securities traded, with one stock rising, three declining and one remaining unchanged.
The JSE USD Equity Index lost 2.43 points to end at 194.86. The average PE Ratio ends at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market ended trading of 227,504 shares for US$21,770, down from 385,624 units at US$177,283 on Tuesday.
Trading averaged 45,501 units at US$4,354, down from 77,125 shares at US$35,457 on Tuesday. Trading averaged 68,927 units for the month to date at US$15,104 in contrast to 72,181 units at US$16,597 on Tuesday. February ended with an average of 69,547 units for US$9,223.
Investor’s Choice bid-offer indicator shows two stocks with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital advanced 0.2 of a cent to close at 8.5 US cents trading 5,471 shares, Margaritaville fell 1 cent to 10 US cents after exchanging 109,300 stocks, Proven Investments ended at 23 US cents, with 38,827 stock units crossing the exchange. Sygnus Credit Investments shed 0.05 of a cent to close at 14 US cents with an exchange of 5,661 units and Transjamaican Highway declined 0.05 of a cent in closing at 0.85 US cents with 68,245 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big jump in JSE USD trading on Friday

Trading on Friday resulted in the volume of shares changing hands rising 137 percent over Thursday’s levels, resulting in rising stocks edging out falling ones on the US dollar market of the Jamaica Stock Exchange.  
Trading ended with seven securities changing hands at the close, compared to six on Thursday and ended with the prices of three stocks rising, two declining and two remaining unchanged.
The JSE USD Equity Index gained 0.22 points to end at 196.84. The average PE Ratio ends at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 913,583 shares for US$70,708 up from 385,820 units at US$23,055 on Thursday.
Trading averaged 130,512 units at US$10,101, up from 64,303 shares at US$3,842 on Thursday. Trading averaged 84,256 units for the month to date at US$9,925 in contrast to 77,367 units at US$9,899 on Thursday. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
At the close of trading, First Rock Capital gained 0.94 of a cent to end at 8.94 US cents in exchanging 662,284 shares, Proven Investments carved out a gain of 0.01 of a cent to close at 25.01 US cents, with 809 stocks crossing the market. The Jamaican dollar-based Sygnus Credit Investments gained 2.5 cents ending at 14.5 US cents in exchanging 400 shares, Sygnus Credit Investments shed 0.84 of a cent to close at 15.04 US cents in trading 7,911 stocks and Transjamaican Highway shed 0.05 of a cent to close at 0.9 of a US cent with 230,224 stocks changing hands.
In the preference segment, JMMB Group 5.75% remained at US$2 trading 2,000 shares and JMMB Group 6% stayed at US$1.01 with 9,955 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market declines

In trading on Thursday no stock gained on the US dollar market of the Jamaica Stock Exchange after six securities changed, compared to seven on Wednesday and the market ended with the prices, five declining and one remaining unchanged.
The JSE USD Equity Index lost 3.28 points to end at 196.62 and the average PE Ratio ends at 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 56.52 percent more shares on Wednesday as 385,820 changed hands with a value of US$23,055 compared to 246,502 units at US$25,213 on Wednesday.
Trading averaged 64,303 units changing hands at US$3,842, in contrast to 35,215 shares at US$3,602 on Wednesday. Trading averaged 77,367 units for the month to date at US$9,899 in contrast to 79,279 units at US$10,785 on Wednesday. By comparison, January ended with an average of 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows no stock ended with bids higher than the last selling prices and one with a lower offer.
At the close of the market, First Rock Capital ended at 8 US cents trading 225,586 shares, Proven Investments shed 1 cent in closing at 25 US cents in switching ownership of 10,040 units, Sygnus Credit Investments lost 0.03 of a cent to close at 15.88 US cents trading 744 stocks and Transjamaican Highway lost 0.02 of a cent to close at O.95 of one US cent, with 148,775 stock units changing hands.
In the preference segment of the market, JMMB Group 5.75% lost 3 US cents to end at US$2 while trading 245 stock units and JMMB Group 6% dropped 1 cent to end at US$1.01 with the swapping of 430 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading picks for JSE USD market

Trading activity surged on the US dollar market of the Jamaica Stock Exchange on Wednesday, with the number of securities trading jumping over the numbers on Tuesday after trading 65 percent more shares than on Tuesday.  
Seven securities changed hands, compared to four on Tuesday and ended with three stocks rising, three declining and one remaining unchanged.
JSE USD Equity Index gained 0.36 points to 199.54. The average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 246,502 shares, for US$25,213 compared to 149,703 units at US$25,014 on Tuesday.
Trading averaged 35,215 units at US$3,602, down from 37,426 shares at US$6,253 on Tuesday. Trading averaged 79,279 units for the month to date at US$10,785 in contrast to 88,351 units at US$12,264 on the prior trading day. By comparison, January averaged 121,154 units at US$15,408.
Investor’s Choice bid-offer indicator shows no stock ending with bids higher than the last selling prices and two with lower offers.
At the close of trading, First Rock Capital lost 0.78 of a cent to end at 8 US cents trading 148,485 stocks, Margaritaville closed at 11 US cents with an exchange of 14,000 stock units, MPC Caribbean Clean Energy gained 1 cent in closing at US$1.15, with 197 stock units crossing the market. Proven Investments declined 0.95 of a cent in closing at 26 US cents with 35,261 shares changing hands, Sterling Investments rose 0.2 of a cent to end at 2.3 US cents in exchanging 1,170 units, Sygnus Credit Investments increased 0.87 of a cent to close at 15.91 US cents, with 10,649 stock units crossing the market and Transjamaican Highway shed 0.01 of a cent in closing at 0.97 US cents in trading 36,740 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

45% gains for ICTOP15 stock

Robust gains for some stocks after less than a month of trading in 2021 have shaken up ICTOP 15 stocks forcing a number of them out or at the edge of moving out of the 2021 TOP list. Jamaican Teas now the lead stock for the year, dropped out of the Junior Market list this week, with a rise of 45 percent since the start of the year.

Jamaican Teas is the leading JSE stock for 2021 to date with a 45% increase in price. 

This brings to two, stocks that have migrated from the Junior Market TOP15 so far. Jamaica Producers fell out of the Top 15 Main Market list with the price dropping to $19.81, from $21 but Margaritaville suffered a greater fall to replace it.
Jamaican Teas one of the top 15 stocks for 2021 scaled record highs this past week as more and more investors piled into the stock since the three for one stock split in November last year. The gain also follows the directors’ report for the September quarter results that stated  “Subsequent to the year-end, overall sales increased by 47 percent in October 2020, with export sales increasing 85 percent and a 10 percent increase in domestic sales. We have good orders in hand for November and these developments, along with booking of more real estate sales, hopefully, improvement in the investment portfolio should result in a good first quarter for the financial year 2021.”
Mailpac was the first to drop out of the list and now has gains of 29 percent so far in 2021. Lumber Depot surged to $2.10 on Friday but closed at $1.95 from $1.46 last week and now sits at 15th spot on the Junior Market TOP15 for 2021, with a 25 percent gain for the year to date. Reports in the newspapers indicate bullish sales expectations from Caribbean Cement and rising prices for some construction inputs.

MailPac is the Junior Market second-best performing stock for 2021.

The news pushed investors to snap up Lumber Depot stock and drove the price much higher, since. QWI Investments is up 17 percent since the end of last year to trade at 90 cents with the net asset value rising since the latter part of last year to sit at $1.18 as gains in both local and overseas stocks continue to add to the value of the company’s portfolio. The stock is now at 14th spot on the Main Market list. A large number of shares were overhanging the market and pressuring the stock price. Once they were bought out, the supply has shrunken leaving room for the price to recover.
Caribbean Cream posted eleven percent growth in sales for the November quarter and eight percent for the nine months, with profit rising 96 percent for the nine months and a 37.5 percent increase for the third quarter. The stock is up 18 percent for the year at the close on Friday and remains at the seventh position on the 2021/22 TOP15 list.
With interest rates at low levels on government bonds and expected to remain low for a protracted period, investors are becoming more comfortable with PE of 20 times earnings or more, according to the TOP 15 rankings the above stocks still have room to gain over 90 percent from the current price for the rest of the year.

It pays to read ICInsider.com.

Trading levels back to recent norm

Market activity dropped on Tuesday to more sedate trading levels in recent weeks, with 89.8 percent fewer shares changing hands after surging on Monday and ended with the US dollar market of the Jamaica Stock Exchange closing higher, with declining stocks edging out those rising.
Trading ended with four securities changing hands, compared to eight on Monday and ended with the prices of one stock rising, two declining and one remaining unchanged.
JSE USD Equity Index gained 3.42 points to end at 192.57 and the average PE Ratio ends at 13.2 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 433,513 shares for US$35,736 compared to 4,260,743 units at US$984,122 on Monday.
Trading averaged 108,378 units at US$8,934, versus 532,593 shares at US$123,015 on Monday. Trading averaged 144,305 units for the month to date at US$21,351 in contrast to 146,966 units at US$22,270 on the prior trading day. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of trading, Proven Investments increased 2.35 cents to 25.85 US cents after exchanging 19,523 shares, Sterling Investments declined 0.2 of a cent to 2.1 US cents with an exchange of 10,000 stocks, Sygnus Credit Investments lost 1.5 cents in ending at 15 US cents with 183,990 units changing hands and Transjamaican Highway ended at 0.85 of a US cent after trading 220,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.