Market activity ended on Tuesday on the Jamaica Stock Exchange Main Market with the volume of shares trading sliding 59 percent as 37 percent less funds entered the market compared to Monday and resulted in rising stocks pressured from those declining.
The All Jamaican Composite Index fell 4,236.02 points to 434,185.95, JSE Main Index dropped 3,408.49 points to close at 386,530.80 and the JSE Financial Index slipped 1.03 points to 94.30.
A total of 49 securities traded down from 59 on Monday, with 14 rising, 18 declining and 17 ending unchanged.
The PE Ratio, the most used formula to compute appropriate stock values, averages 16.1. The PE for JSE Main and USD Market incorporates earnings forecast done by ICInsider.com for companies with financial years ending to August 2022.
A total of 12,554,479 shares traded for $195,108,057 versus 30,346,423 units at $309,070,966 on Monday. Wigton Windfarm led trading with 3.15 million shares for 25.1 percent of total volume, followed by Sagicor Select Financial Fund with 2.24 million units for 17.9 percent of the day’s trade and QWI Investments with 1.19 million units for 9.5 percent market share.
Trading averages 256,214 units at $3,981,797, compared to 514,346 shares at $5,238,491 on Monday and month to date, an average of 448,354 units at $7,410,526, down from 467,221 units at $7,747,214 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with lower offers.
At the close, Caribbean Cement shed $1.10 to close at $68.90 trading 7,575 shares, Eppley rose $1.20 to $41.50 after 1,358 stock units crossed the market, Jamaica Stock Exchange gained $1.01 in ending at $18.01, with 215,905, with stocks changing hands. Key Insurance popped 42 cents to $4.70, with 8,532 units clearing the market, Kingston Properties dropped $1 to $8.50 in switching ownership of 11,259 shares, Kingston Wharves popped $1.50 to $41 after exchanging 200 stocks. Massy Holdings jumped $8 in closing at $107, finishing at 108,561 stock units, Mayberry Investments lost 75 cents to close at $6.50 after exchanging 537 units, MPC Caribbean Clean Energy dropped $19 to end at $100 with an exchange of 92 shares. NCB Financial rallied $2.25 to $119 while exchanging 34,372 stock units, PanJam Investment declined 50 cents to end at $68 in exchanging 45,596 units, Proven Investments fell $1.10 in closing at $35 after 14,131 stocks changed hands. Sagicor Group lost $3 after ending at $58 in an exchange of 605,621 stocks, Seprod climbed $2.10 to close at $57.50, with 7,462 units crossing the market, Victoria Mutual Investments fell 30 cents to $6.45, with 10,788 shares crossing the exchange and Wisynco Group shed 42 cents to close at $19.10 with the swapping of 93,865 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps in the JSE USD market
Trading surged on Monday on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands rising jumping761 percent with a 678 percent higher value than Friday and ending with the JSE US Denominated Equities Index slipping just 0.01 points to end at 206.48 at the close.
A total of eight securities traded, compared to eight on Friday with two rising, two declining and four ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values averages 14.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 695,062 shares traded, for US$76,850 compared to 80,700 units at US$9,877 on Friday. Trading averaged 86,883 units at US$9,606, compared to 10,088 shares at US$1,235 on Friday with the month to date averaging 63,060 shares at US$5,592 versus 59,884 units at US$5,057 on the previous trading for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and three stocks with lower offers.
At the close, First Rock Capital USD share gained 0.19 of one cent to close at 8.49 US cents, with122 shares crossing the market, Margaritaville ended unchanged at 17 US cents while exchanging 6,451 stock units, MPC Caribbean Clean Energy finished at US$1.26 with an exchange of just two units. Proven Investments popped 0.18 of a cent to end at 24 US cents in trading 172,777 stocks, Sterling Investments remained at 2 US cents after an exchange of 44,579 stock units, Sygnus Credit Investments USD share declined 0.02 of one cent to close at 12.95 US cents, with 241,970 units clearing the market. Transjamaican Highway shed 0.03 of a cent to end at 0.85 of a US cent after trading 229,159 stock units.
In the preference segment, JMMB Group 6% finished at US$1.10 in an exchange of a mere two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains into the weekend for JSE USD stocks
More stocks gained than declined in trading on Friday, at the close of Jamaica Stock Exchange US dollar market, with the volume and value of shares changing hands declined by 85 percent from Thursday levels.
A total of eight securities traded, compared to seven on Thursday with four rising, two declining and two ending unchanged.
The JSE US Denominated Equities Index gained 1.02 points to end at 206.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 80,700 shares traded, for US$9,877 in contrast to 530,161 units at US$65,425 on Thursday. Trading averaged 10,088 units at US$1,235, compared to 75,737 shares at US$9,346 on Thursday with month to date average of 59,884 shares at US$5,057 versus 67,545 units at US$5,645 on the preceding day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with a lower offer.
At the close, First Rock Capital USD share increased 0.35 of a cent in ending at 8.3 US cents 44,143 shares changing hands, Margaritaville advanced 1.1 cents to end at 17 US cents while exchanging 818 stock units, Productive Business Solutions popped 1 cent in closing at US$1.02, with 748 stocks crossing the market. Proven Investments dropped 0.18 of a cent to 23.82 US cents in trading 27 units, Sygnus Credit Investments USD share lost 0.02 of a cent to close at 12.97 US cents, with 31,193 shares clearing the market, Sygnus Real Estate Finance USD share finished at 16 US cents with an exchange of 58 units and Transjamaican Highway remained at 0.88 of a US cent and closed with 2,273 stock units changing hands.
In the preference segment, JMMB Group 6% climbed 10 cents to end at US$1.10 trading 1,440 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sideway movement for JSE USD market
Trading activity increased on Thursday and ended with the Jamaica Stock Exchange US dollar market, seeing an increased volume of shares passing through the market increasing 234 percent above Wednesday level as the value of funds passing through the market rose 425 percent higher as well and closed with an even number of stocks rising and falling.
A total of seven securities traded, the same as Wednesday with two rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.34 points to end at 205.47. The PE Ratio, a measure used in computing appropriate stock values, averages 14. The PE ratio for the JSE USD stocks is based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 530,161 shares traded, for US$65,425 up from 158,816 units at US$12,458 on Wednesday.
Trading averaged 75,737 units at US$9,346, compared to 22,688 shares at US$1,780 on Wednesday and the month to date an average of 67,545 shares at US$5,645 versus 66,271 units at US$5,070 on Wednesday. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Capital USD share dropped 0.28 of a cent to 7.95 US cents, with 156,069 shares changing hands, Margaritaville fell 0.1 of a cent to 15.9 US cents with 3,171 stock units clearing the market, Proven Investments inched 0.01 of a cent higher to close at 24 US cents after trading 143,283 units Sterling Investments finished at 2 US cents after exchanging 8,893 stocks, Sygnus Credit Investments USD share ended at 12.99 US cents in an exchange of 12,827 stocks, Sygnus Real Estate Finance USD share rallied 0.11 of a cent to end at 16 US cents after 103,497 units crossed the market and Transjamaican Highway remained at 0.88 US cents after 102,421 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gain for JSE USD stock market
Trading on Wednesday, ended with the volume of shares changing hands declining after trading 86 percent less with 62 percent lower than on Tuesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of more stocks rising and falling.
Similar to Tuesday seven securities traded, with two rising, two declining and three ending unchanged. The JSE US Denominated Equities Index gained 0.92 points to end at 205.81.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.1. The PE ratio for USD stocks is based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 158,816 shares traded for US$12,458, down from 1,143,202 units at US$32,461 on Tuesday. Trading averaged 22,688 units at US$1,780, compared to 163,315 shares at US$4,637 on Tuesday and month to date an average of 66,271 shares at US$5,070 down from 74,299 units at US$5,676 on the preceding day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share rose 0.53 of a cent to 8.23 US cents trading just one share, Margaritaville ended unchanged at 16 US cents in exchanging 8,085 stock units, Proven Investments climbed 0.97 of one cent to end at 23.99 US cents while trading 15,615 stocks. Sterling Investments lost 0.04 of a cent after ending at 2 US cents with the swapping of 41,285 units, Sygnus Credit Investments USD share finished at 12.99 US cents with 46,608 stocks changing hands, Sygnus Real Estate Finance USD share remained at 15.89 US cents after trading 1,055 shares and Transjamaican Highway declined 0.01 of a cent to end at 0.88 US cents in an exchange of 46,167 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks drown out risers on JSE USD market
Trading on Tuesday, ended with the volume of shares changing hands rising 18 percent above trading on Monday with a 55 percent fall in the value, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising.
A total of seven securities traded, compared to six on Monday with one rising, five declining and one ending unchanged. The JSE US Denominated Equities Index slipped 0.21 points to end at 204.89.
The PE Ratio, a measure used to compute appropriate stock values, averages 14. The PE ratio computations for the JSE USD stocks use ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 1,143,202 shares traded for US$32,461 versus 972,142 units at US$72,478 on Monday. Trading averaged 163,315 units at US$4,637, compared to 162,024 shares at US$12,080 on Monday, and month to date averages 74,299 shares at US$5,676 versus 54,199 units at US$5,910 on the previous day. February ended with an average of 87,719 units for US$9,318.
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.
At the close, First Rock Capital USD share fell 0.3 of a cent to close at 7.7 US cents after trading 273,235 shares, Margaritaville dropped 1.6 cents to end at 16 US cents 1,605 stock units changing hands, Proven Investments declined 0.98 of a cent in closing at 23.02 US cents after exchanging 3,062 stocks. Sterling Investments shed 0.01 of a cent in ending at 2.04 US cents and trading 240,208 units, Sygnus Credit Investments USD share remained at 12.99 US cents with 4,184 units changing hands, Sygnus Real Estate Finance USD share lost 0.01 of a cent in closing at 15.89 US cents while exchanging 80 stock units and Transjamaican Highway gained 0.07 of one cent after ending at 0.89 US cents and trading 620,828 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.