Market activity pulled back on Wednesday, with the volume of shares trading declining 56 percent and the value down 61 percent from trading on Tuesday at the close of the Jamaica Stock Exchange Main Market, leaving rising stocks falling well short of those declining.
The All Jamaican Composite Index dipped 382.47 points to 426,641.23, the Main Index shed 676.11 points to end at 385,698.46 and the JSE Financial Index slipped 0.24 points to settle at 94.66.
Trading ended with 51 securities compared to 52 on Tuesday, with 16 rising, 22 declining, with 13 unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.9. The PE ratio for the JSE Main and USD Market closing quotes are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 3,490,636 shares traded for $80,777,884 versus 7,936,245 units at $204,991,450 on Tuesday. Transjamaican Highway led trading with 626,462 shares for 17.9 percent of total volume, followed by Caribbean Producers with 390,383 units for 11.2 percent of the day’s trade and Carreras with 360,644 units for 10.3 percent.
Trading averages 68,444 units at $1,583,880, compared to 152,620 shares at $3,942,143 on Tuesday and month to date, an average of 449,742 units at $4,806,835, against 475,915 units at $5,028,061 on Tuesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and lower offers.
At the close, Caribbean Cement rose $1.50 to close at $72 closed trading 22,014 stock units, Eppley advanced 50 cents to $36 after 220 units crossed the exchange. Eppley Caribbean Property Fund rallied 50 cents in closing at $42 after exchanging 2,929 stocks, Guardian Holdings declined $9.88 to a 52 weeks’ low of $505.12 with the swapping of 11,763 shares, Jamaica Producers fell 84 cents to $22.51 in switching ownership of 17,474 units. Mayberry Jamaican Equities increased 33 cents to close at $9.45 crossing the market 58,420 stock units, NCB Financial lost 70 cents to end at $119.80 with an exchange of 244,696 stocks, 138 Student Living popped 47 cents to end at $4.25 after exchanging 1,258 shares, PanJam Investment shed $1.48 to end at $63.50 in exchanging 4,125 units. Proven Investments dropped 5 cents in closing at $32.95 in an exchange of 4,650 stocks, Radio Jamaica declined 46 cents to end at $3.04, with 130,480 stock units changing hands, Sagicor Real Estate Fund fell $1.49 to $6.01 in trading 20,619 shares. Scotia Group gained 50 cents to $37 trading 138,755 shares, Seprod dropped $2 to close at $62, with 7,547 stock units crossing the market and Wisynco Group lost 91 cents in closing at $16.04 trading 37,664 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market bounces on low volume
Trading ended on Wednesday with more securities participating in market activities than the prior day but that did not prevent the volume and values of shares changing hands to drop 98 percent respectively from the heightened levels on Tuesday at the close of the Jamaica Stock Exchange US dollar market, nor did it prevent the market index from rising.
Trading occurred in seven securities, up from four on Tuesday, with four rising, one declining, with two unchanged. The JSE US Denominated Equities Index rose 5.31 points to 214.80.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.8. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 38,972 shares traded for US$5,600 sharply down from 1,960,531 units at US$290,183 on Tuesday. Trading averaged 5,567 units at US$800, compared to 490,133 shares at US$72,546 on Tuesday and month to date an average of 414,420 shares at US$56,001 versus 452,580 units at US$61,153 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share rose 0.03 of a cent to close at 6.98 US cents in trading 8,000 shares, Proven Investments ended unchanged at 22.8 US cents after 21,301 units changed hands, Sterling Investments popped 0.2 of a cent to end at 2.1 US cents while exchanging 9,595 stock units. Sygnus Credit Investments USD share lost 0.02 of a cent in closing at 12.58 US cents with an exchange of 25 stocks, Sygnus Real Estate Finance USD share rallied 0.8 of a cent to 13.9 US cents trading 32 units and Transjamaican Highway advanced 0.13 of a cent ending at 0.84 of a US cents in an exchange of 2 stock units.
In the preference segment, Eppley 6% remained at 98 US cents with just 17 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in JSE USD market trades
A surge in investors’ interest resulted in a huge jump in volume and value of trading on Tuesday and ended with the volume of shares changing hands rising 639 percent and the value shoring 6,106 percent higher than on Monday, at the close of the Jamaica Stock Exchange US dollar market.
Just four securities traded, down from six on Monday with three rising, none declining and one ending unchanged.
The JSE US Denominated Equities Index advanced 0.69 points to close at 209.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses earnings forecasts by ICInsider.com for each company, with the financial year ending up to August 2022.
Overall, 1,960,531 shares traded, for US$290,183 compared to 265,318 units at US$4,676 on Monday. Trading averaged 490,133 units at US$72,546, up from 44,220 shares at US$779 on Monday and month to date averages 452,580 shares at US$61,153 versus 450,464 units at US$60,511 on Monday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and two with lower offers.
At the close, Margaritaville increased half of a cent to 10 US cents in switching ownership of 1,001 shares, Proven Investments rose 0.17 of one cent in ending at 22.8 US cents in exchanging 1,249,704 stocks, Sygnus Credit Investments USD share climbed half a cent to close at 12.6 US cents with an exchange of 990 units and Transjamaican Highway remained at 0.71 US cents in trading 708,836 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE USD stocks
The Jamaica Stock Exchange US dollar market lost ground at the close of trading on Monday, with a 65 percent drop in the value of stocks trading compared to Friday’s outturn, while the volume traded surged 229 percent, but resulted in no stock closing with a higher price as trading ended with Transjamaican Highway dominating trading with 85 percent of the day’s volume.
At the close, six securities traded, compared to seven on Friday with four declining and two ending unchanged.
The JSE US Denominated Equities Index dropped 6.10 points to end at 208.80. The PE Ratio, a measure used in computing appropriate stock values, averages 12.3. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 265,318 shares traded, for US$4,676 versus 80,676 units at US$13,320 on Friday. Trading averaged 44,220 units at US$779, against 11,525 shares at US$1,903 on Friday and month to date an average of 450,464 shares at US$60,511 versus 487,963 units at US$66,025 on Friday. November averaged 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share traded 133 shares at 6.95 US cents, Proven Investments shed 0.22 of a cent to end at 22.63 US cents in exchanging 323 stock units, Sterling Investments declined 0.1 of a cent to end at 1.9 US cents, with 37,162 stocks changing hands. Sygnus Credit Investments USD share fell half a cent to close at 12.1 US cents while exchanging 2,200 units and Transjamaican Highway lost 0.12 of a cent in closing at 0.71 US cents, with 224,500 units crossing the exchange.
In the preference segment, JMMB Group 5.75% remained at US$2.02 with an exchange of 1,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume drops on JSEUSD market
More securities contributed to trading on Friday than Thursday, but the volume of stocks declined 40 percent and the value surged 136 percent higher than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in declining stocks just edging out those rising.
Seven securities changing hands, down from five on Thursday with prices of three rising and four declining.
Overall, 80,676 shares traded, for US$13,320 compared to 133,466 units at US$5,656 on Thursday. Trading averaged 11,525 units at US$1,903, compared to 26,693 shares at US$1,131 on Thursday and the month to date averages 487,963 shares at US$66,025 versus 545,465 units at US$73,763 on Thursday. November ended with an average of 79,766 units for US$10,928.
The JSE US Denominated Equities Index rose 1.69 points to 214.90 and is now up 15.4 percent for the year.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share rose 0.88 of a cent in ending at 6.95 US cents while exchanging 1,181 shares, Proven Investments fell 0.15 of one cent to end at 22.85 US cents with 51,902 stocks crossing the exchange, Sterling Investments lost 0.1 of a cent in closing at 2 US cents, with 21,724 stock units changing hands. Sygnus Credit Investments USD share dropped 0.3 of a cent to 12.6 US cents after exchanging 4,495 units and Transjamaican Highway popped 0.03 of a cent to close at 0.83 US cents in exchanging 1,107 stock units.
In the preference segment, Eppley 6% climbed 30 cents to close at 98 US cents, with 134 stocks changing hands and JMMB Group 6% rallied 11 cents to US$1.12 crossing the market 133 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD market
Trading ended on Thursday, with the volume of shares swapped declining 24 percent with 86 percent lower value than on Wednesday, as the number of securities trading, climbed at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
Trading ended with five securities changing hands, compared to two on Wednesday with prices of two rising, two declining and one ending unchanged.
The JSE US Denominated Equities Index lost 1.17 points to end at 213.21. The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratios are computed based on earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 133,466 shares traded, for US$5,656 compared to 174,820 units at US$39,324 on Wednesday.
Trading averaged 26,693 units at US$1,131 versus 87,410 shares at US$19,662 on Wednesday and month to date averaging 545,465 shares at US$73,763 versus 594,405 units at US$80,616 on Wednesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville lost half a cent in closing at 9.5 US cents with the swapping of 20,000 shares, Proven Investments increased half of one cent to 23 US cents after trading 9,928 stocks, Sterling Investments gained 0.1 of a cent to 2.1 US cents in exchanging 4,889 units. Sygnus Credit Investments USD share remained at 12.9 US cents with 4,792 stock units changing hands and Transjamaican Highway dropped 0.06 of a cent in ending at 0.8 of one US cents in trading 93,857 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.