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.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices none with lower offers.
Trading ended with six securities changing hands, compared to four on Wednesday and ended with prices of three rising, one declining and two remaining unchanged.
First Rock Capital Investment gained 1 cent to end at 8 US cents after 2,400 shares cross the market, Proven Investments stayed at 25.59 US cents with the 20 units changing hands, Sterling Investments climbed 0.02 of a cent to 2.02 US cents with the swapping of 3,208 stocks. Sygnus Credit Investments fell 0.45 of a cent to 16.5 US cents with an exchange of 3,000 units and Transjamaican Highway remained at 0.95 of a US cent in switching ownership of 1,070 shares.
The market closed with six securities changing hands, similar to trading on Thursday and ended with the prices of three stocks rising, one declining and two remaining unchanged.
At the close of trading, First Rock Capital Investment rose 1.18 cents in closing at 8.99 US cents, clearing the market with 11,785 shares, Margaritaville rose 1 cent to close at 11 US cents trading 951 stocks, Productive Business Solutions carved out a gain of 4 cents and ending at 79 US cents crossing through the exchange 1,500 shares. Proven Investments shed 1.9 cents to settle at 24 US cents in an exchange of 4,132 stocks, Sygnus Credit Investments settled at 16 US cents in trading 61,789 stocks and Transjamaican Highway settled at 0.83 US cents after exchanging 152,989 shares.
The market closed for a second consecutive day with six securities changing hands at the close and ending with prices of five declining and one remaining unchanged.
At the close, First Rock Capital Investment declined by 1.18 cents in closing at 7.81 US cents after exchanging 33,000 shares, Productive Business Solutions fell 6 cents in closing at 75 US cents after trading 1,000 units, Proven Investments declined by 0.8 of a cent to 25.9 US cents 153,408 stock units crossing the market. Sterling Investments declined 0.38 of a cent to 2 US cents after an exchange of 62,700 shares, Sygnus Credit Investments remained at 16 US cents in trading 18,490 stocks and Transjamaican Highway declined by 0.07 of a cent to 0.83 of a US cent with 258,716 units.
At the close of the market, MPC Caribbean Clean Energy slipped 1 cent to US$1.14 after exchanging 341 shares, Productive Business Solutions advanced 15 cents to end at 81 US cents in exchanging 11,458 stock units, Proven Investments dropped 0.27 of a cent to settle at 26.7 US cents after exchanging 53,640 shares. Sterling Investments closed at 2.38 US cents with investors swapping 809 units, Sygnus Credit Investments climbed 2 US cents to 16 US cents trading 5,000 stock units and Transjamaican Highway shed 0.05 of a cent to settle at 0.9 US cents with an exchange of 12,850 stock units.
The market closed with seven securities changing hands, up from three on Tuesday, with three stocks rising, two declining and two remaining unchanged.
At the close of the market, Rock Capital Investment rose 1 cent to end at 9 US cents in trading 9,962 shares, Productive Business Solutions closed at 66 US cents with an exchange of 52 stocks, Proven Investments dropped 0.04 of a cent to close at 25.89 US cents in exchanging 52,945 stocks. Sterling Investments rose 0.28 of a cent in closing at 2.38 US cents, trading 100 units, Sygnus Credit Investments ended at 15.7 US cents while exchanging 839 units, Transjamaican Highway climbed 0.06 of a cent in closing at 0.98 of a US cent with 995,361 stock units changing hands.
Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.
At the close of trading, Margaritaville closed at 13 US cents, trading 524 shares, Productive Business Solutions remained at 66 US cents, with an exchange of 29 units. Proven Investments ended at 25 US cents after a transfer of 22,692 shares, Sygnus Credit Investments remained at 15.50 US cents trading 8,753 stock units and Transjamaican Highway lost 0.03 of a cent to settle at 0.90 of 1 US cent with an exchange of 4,500 units.
At the close of the market, First Rock Capital Investment gained 0.05 of a cent and closed at 8.65 US cents in an exchange of 1,055 units, Productive Business Solutions remained at 66 US cents, with 51 units changing hands, Proven Investments lost 0.48 of a cent to end at 25.50 US cents, in trading 300 units and Transjamaican Highway remained at 0.85 of 1 US cent after a transfer of 200,000 shares.