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.
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.
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.
At the close, First Rock Capital lost 0.3 of a cent to end at 7.2 US cents trading 408,722 shares, Proven Investments remained at 23 US cents with an exchange of 1,318,594 units, Sygnus Credit Investments USD ordinary share settled at 13 US cents with 76,190 stocks changing hands and Transjamaican Highway fell 0.04 of a cent to 0.81 US cents with 112,726 shares crossing the exchange.
Trading ended on Friday, with the volume of shares changing hands surging 3,669 percent over Thursday’s level at the close of the US dollar market of the Jamaica Stock Exchange, with declining stocks edging out rising ones.
At the close, Productive Business Solutions remained at 77 US cents with an exchange of 414 shares, Proven Investments fell 0.05 of a cent to 23 US cents with 298,906 units changing hands, Sterling Investments rose 0.38 of a cent to 2.12 US cents trading 12,094 stocks. Sygnus Credit Investments USD share settled at 13 US cents, with a transfer of 150 units and Transjamaican Highway lost 0.03 of a cent to close at 0.85 US cents, with 22,504 shares crossing the exchange.
Trading on Monday ended after trading 64.4 percent fewer shares than on Friday on the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
Six securities traded, compared to four on Wednesday, with prices of three rising, two declining and one remaining unchanged. The US Denominated Equities Index lost 0.75 points to end at 188.40.
At the close, First Rock Capital climbed 0.91 of a cent to 7.96 US cents trading 700 shares, Proven Investments ended at 24.1 US cents, with an exchange of 13,290 stock units, Sygnus Credit Investments lost 0.03 of a cent to 12 US cents with a transfer of 3,202 stocks and Transjamaican Highway fell 0.04 of a cent to 0.85 US cents with 12,990,002 shares crossing the exchange.
The majority of stocks trading on Monday gained and outnumbered declining ones two to one at the close of the Jamaica Stock exchange that ended with the USD market as investors exchanged 44 percent more shares than on Friday for 281 percent greater value.
At the close, First Rock Capital fell 0.99 of a cent to 7 US cents with an exchange of 8,758 shares, Margaritaville rose 0.1 of a cent to 9 US cents with 284,705 stocks changing hands, Proven Investments dropped 0.95 of a cent to 24 US cents with 31,288 units traded. Sterling Investments gained 0.05 of a cent to 2.05 US cents with 649 stocks passing through the market, Sygnus Credit Investments advanced 0.72 of a cent to 15.55 US cents with investors switching ownership of 4,650 stock units and Transjamaican Highway rose 0.09 cents to 0.89 of one US cent with 100,000 shares crossing the exchange.
Tuesday’s rally was short-lived for the JSE USD market, with the market Index dropping 8.60 points to settle at 185.77 points on Wednesday, into negative territory for the year, after six securities changed hands versus seven on Tuesday and ended, with two stocks rising, one declining and three closing unchanged.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
Seven securities traded on Wednesday compared to five on Tuesday, with the price of one rising, three declining and three ending unchanged.
At the close, First Rock Capital settled at 8 US cents with 16,000 shares passing through the market, Proven Investments fell 0.05 of a cent to 24 US cents with 166,293 stocks changing hands, Sterling Investments remained at 2.15 US cents with 2,598 stock units traded. Sygnus Credit Investments popped 1 cent to 16 US cents in trading 12 units and Transjamaican Highway saw trading of 1,085,818 shares in closing at 0.80 US cents.
Overall, 2,078,672 shares traded, for US$107,586 compared to 267,463 units at US$9,495 on Friday.
At the close, First Rock Capital traded 6,577 shares at 8 US cents, Proven Investments rose 0.7 of a cent to 24.7 US cents with investors switching ownership of 394,370 units, Sygnus Credit Investments settled at 13.99 US cents with the transfer of 2,021 stocks and Transjamaican Highway rose 0.05 of a cent to 0.80 US cents, with 1,675,649 shares crossing the exchange.