The Jamaica Stock Exchange Main Market lost ground at the end of trading on Wednesday, even as the volume of stocks traded rose 217 percent and the value 27 percent more than on Tuesday, with trading occurring in 56 securities as was the case on Tuesday and ended with prices of 20 rising, 27 declining and nine ending unchanged.
A total of 11,780,581 shares were traded for $62,395,782 compared with 3,715,775 units at $49,296,741 on Tuesday.
Trading averaged 210,368 shares at $1,114,210, up from 66,353 units at $880,299 on Tuesday and month to date, an average of 133,806 stocks at $913,657, compared to 108,586 units at $847,593 on the previous day, but trading remains below August’s level with an average of 316,608 units at $1,867,646.
JMMB Group 7.5% led trading with 3.56 million shares for 30.2 percent of trading, Transjamaican Highway was next with 3.18 million units for 27 percent of the day’s trade and Wigton Windfarm with 797,850 units for 6.8 percent market share.
The All Jamaican Composite Index declined 1,333.01 points to 353,792.21, the JSE Main Index dropped 2,522.83 points to 319,240.94 and the JSE Financial Index dipped 0.36 points to end at 70.59.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments shed $1 to $79 trading 283,275 shares, Berger Paints fell 59 cents and ended at $7.11 in an exchange of 311 stocks, Caribbean Producers skidded 35 cents to end at $9.65 with an exchange of 5,525 stock units, Carreras increased 40 cents in closing at $8.70 with a transfer of 147,606 units. Eppley Caribbean Property Fund fell $1.36 to close at $35 in switching ownership of 3,572 shares, First Rock Real Estate declined 60 cents to $8 as 5,153 stock units passed through the market, GraceKennedy lost 47 cents in closing at $72.18 after a transfer of 51,533 stocks, Jamaica Producers dropped 85 cents to end at $18.65 with an exchange of 4,474 units.
JMMB Group rose 6 cents in trading 83,965 shares to close at $27.55 after the price hit an intraday low of $25.01, Key Insurance fell 37 cents to close at $2.50 with 1,449 units crossing the market, Kingston Properties lost 59 cents and endedat $6.75 with investors swapping 8,600 stocks, Massy Holdings dropped $3.54 to $100.30 after exchanging 63 units. NCB Financial fell $1 to $70 while exchanging 42,609 shares, Portland JSX rose 35 cents to $8.35 after an exchange of 100 units, Pulse Investments dipped 38 cents to end at $2.15 with investors transferring 198,513 stock units, Salada Foods shed 44 cents to $2.60 with traders dealing in 95,849 stocks. Scotia Group rallied 75 cents to $33.75 and closed with an exchange of 29,305 shares, Seprod declined $2 to close at $71 with investors dealing in 13,284 shares, Stanley Motta popped 50 cents to $5.21, with 9,494 stocks crossing the market and Sygnus Credit Investments skidded 55 cents and ended at $11.05 as investors exchanged 140,422 units.
In the preference segment, Eppley 7.50% preference share advanced 98 cents in closing at $6.98 in trading 437 stock units and Productive Business Solutions 10.5% preference share climbed $235 to close at $1335 in an exchange of 120 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on the JSE USD Market
Trading jumped on the Jamaica Stock Exchange US dollar market on Wednesday, with a 458 percent surge in the volume of stocks changing hands, carrying 31 percent more value than on Tuesday and resulting in the trading of seven securities, similar to Tuesday with three rising, two declining and two ending unchanged.
Overall, 1,090,681 shares were traded for US$25,542 compared to 195,527 units at US$19,530 on Tuesday.
Trading averaged 155,812 units at US$3,649 versus 27,932 shares at US$2,790 on Tuesday, with a month to date average of 58,302 shares at US$3,162 compared with 24,174 units at US$2,992 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index dipped 3.94 points to 239.33.
PE Ratios, are used in computing appropriate stock values and averages 8.7 for the Junior Market. It is computed based on the last traded price divided by earnings projected by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share ended at 4 US cents after investors ended in trading 124,574 shares, Margaritaville rallied 0.49 of one cent to 11.49 US cents, with just one stock unit crossing the market,
Proven Investments rose 0.2 of a cent to close at 14.7 US cents with 9,254 stocks crossing the exchange. Sterling Investments gained 0.02 of a cent to end at 1.92 US cents with a transfer of 10,000 units, Sygnus Credit Investments lost 0.88 of one cent in closing at 9.1 US cents in switching ownership of 35,827 units, Sygnus Real Estate Finance USD share remained at 10 US cents after 14,939 stock units passed through the market and Transjamaican Highway shed 0.09 of a cent to close at 1.6 US cents after an exchange of 896,086 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fallen JSE USD Market
Trading on the US dollar market of the Jamaica Stock Exchange ended on Tuesday, with the volume of stocks changing hands just rising above that on Monday with a 35 percent lower value and resulted in seven securities being traded, compared to six on Monday with one rising, one declining and five ending unchanged.
Overall, 195,527 shares were traded for US$19,530 compared to 193,702 units at US$30,250 on Monday.
Trading on Tuesday averaged 27,932 shares at US$2,790 compared to 32,284 units at US$5,042 on Monday, with a month to date average of 24,174 shares at US$2,992 compared with 22,150 units at US$3,100 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index skidded 2.20 points to 243.26.
PE Ratios are tools used in computing appropriate stock values, with an average of 8.8 for the JSE USD Market. The PE ratios for the market are computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share remained at 4 US cents, with 42,000 shares crossing the market,
MPC Caribbean Clean Energy ended at 54 US cents with 901 stocks changing hands, Proven Investments ended at 14.5 US cents after 107,839 shares were traded, Sterling Investments ended at 1.9 US cents in trading 1,048 units. Sygnus Credit Investments rose 0.78 of one cent to close at 9.98 US cents with stakeholders trading 11,950 units, Sygnus Real Estate Finance USD share remained at 10 US cents with 199 shares changing hands and Transjamaican Highway fell 0.05 of a cent to end at 1.69 US cents, with 31,590 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks head higher on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 106 percent valued 201 percent more than on Friday, resulting in trading in six securities, compared to seven on Friday, with two rising, two declining and two ending unchanged.
A total of 193,702 shares were exchanged for US$30,250 up from 94,250 units at US$10,054 on Friday.
Trading averaged 32,284 shares for US$5,042 compared with 13,464 units at US$1,436 on Friday, with a month to date average of 22,150 shares at US$3,100 compared with August with an average of 57,291 units for US$4,251.
The US Denominated Equities Index rose 0.32 points to 245.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville declined 0.5 of one cent to close at 11 US cents, after 604 shares were traded, Proven Investments skidded 0.45 of one cent and ended at 14.5 US cents, with 15,500 units changing hands, Sygnus Credit Investments ended trading in 21,084 stocks at 9.2 US cents, Sygnus Real Estate Finance USD share remained at 10 US cents after 2,520 stocks crossed the market and Transjamaican Highway popped 0.01 of a cent to 1.74 US cents as investors exchanged 142,117 stock units.
In the preference segment, JMMB Group 5.75% popped 5 cents to US$1.95 with a transfer of 11,877 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday and the month, with a 267 percent surge in the volume of stocks changing hands following a 165 percent rise in the value over trading on Wednesday, resulting in the trading of eight securities up from seven on Wednesday, with five rising, one declining and two ending unchanged.
A total of 500,869 shares were traded for US$62,995 compared to 136,351 units at US$23,735 on Wednesday.
Trading averaged 62,609 shares for US$7,874 compared with 19,479 units at US$3,391 on Wednesday, with a month to date average of 57,291 stocks at US$4,251 compared with 56,990 units at US$4,045 on the previous day. Trading in July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index rose 1.37 points to 239.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, First Rock Real Estate USD share ended at 4 US cents with a transfer of 76,276 shares, Margaritaville rose 0.01 of a cent to 11.5 US cents after closing with 4,671 units changing hands, MPC Caribbean Clean Energy climbed 11.74 cents to 64.75 US cents after swapping 200 stocks.
Sterling Investments dipped 0.04 of a cent to 1.94 US cents in trading 241,000 stocks, Sygnus Credit Investments ended at 10.23 US cents with investors dealing in 192 shares and Transjamaican Highway popped 0.04 of a cent in closing at 1.74 US cents after an exchange of 151,153 stock units.
In the preference segment, JMMB Group 5.75% gained 10 cents to close at US$1.90, with investors transferring 27,360 units and JMMB Group 6% popped 8 cents and ended at US$1.08 as investors exchanged 17 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 3,715,775 shares were traded for $49,296,741 compared to 5,484,765 units at $44,129,207 on Monday.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Jamaica Stock Exchange rallied 69 cents to end at $10.19 with a transfer of 127,670 stocks, Kingston Properties rose 34 cents and ended at $7.34, with 10,166 stock units changing hands, Massy Holdings lost 66 cents to close at $103.84 as investors traded 474 stock units. Mayberry Jamaican Equities fell 43 cents to $11.07 after an exchange of 652 shares, Pan Jamaica dropped $3.75 to $44.25 while 1,241 stocks were exchanged, Sagicor Group climbed $1 in closing at $46, with 3,705 units crossing the market. Scotia Group dropped 80 cents to end at $33 with investors swapping 319,630 shares and Stanley Motta lost 34 cents to close at $4.71 with traders dealing in 12,996 units.
In the preference segment, Eppley 7.50% preference share gained 47 cents to end at $6, with 13 stock units crossing the exchange and Jamaica Public Service 7% declined $12 to close at $41 after a transfer of 454 stocks.
A total of 5,484,765 shares were traded for $44,129,207 down from 9,259,098 units at $50,664,788 on Friday.
The PE Ratio, a formula used in computing appropriate stock values, averages 12.4 for the Main Market’s PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Kingston Properties dropped 48 cents to close at $7 while 13,000 units. were trading, Kingston Wharves shed 99 cents to close at $29 with traders dealing in 3,549 shares, Margaritaville advanced $1.95 to $16 after exchanging 174 stock units, Massy Holdings gained $3.50 to end at $104.50 in an exchange of 19,430 stocks. NCB Financial fell $1.96 and ended at $71 with 96,898 shares, changing hands Pan Jamaica dipped $1.01 and ended at $48, with 6,123 stock units crossing the exchange and Sagicor Group dropped $4.49 to close at $45 in switching ownership of 2,805 units.
In the preference segment, Eppley 7.50% preference share declined 47 cents in closing at $5.53 with shareholders swapping 59,061 units and Jamaica Public Service 9.5% surged $189.99 to $2990 in an exchange of 9 stock units.
A total of 9,259,098 shares were traded for $50,664,788 versus 18,676,905 units at $323,528,081 on Thursday.
The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
JMMB Group fell 44 cents to $27.40 with 6,068 shares changing hands. Margaritaville dipped $2.30 to end at $14.05 in an exchange of 49 stocks, Massy Holdings advanced 90 cents to $101 with stakeholders exchanging 99 shares, MPC Caribbean Clean Energy skidded $12.30 to close at $69.70 with investors transferring 18 stocks. NCB Financial shed 44 cents and ended at $72.96, with 7,926 shares crossing the market, Portland JSX fell $1 to close at a 52 weeks’ low of $8, with shareholders swapping 244 stock units, Sagicor Group dropped 51 cents and ended at $49.49 with investors dealing in 165,076 units. Sagicor Real Estate Fund gained 35 cents to end at $8.50 in switching ownership of 20 units and Seprod declined $1.62 in closing at $73.37 after exchanging 5,882 shares.
In the preference segment, Eppley 7.50%preference share rose 48 cents to $6 with an exchange of 116 stocks.
A total of 18,676,905 shares were traded at $323,528,081 compared to 8,932,182 units at $64,616,360 on Wednesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
MPC Caribbean Clean Energy advanced $9.50 and ended at $82 as investors exchanged 6 stock units, NCB Financial gained 40 cents to end at $73.40 with investors swapping 116,996 shares, Pan Jamaica rose $2.02 to close at $49.01 after 27,867 stocks were traded, Portland JSX declined $1 and ended at $9 trading 1,756 stock units, Proven Investments advanced 35 cents to close at $22.45 in trading 1,598 units, Sagicor Group increased $5.92 in closing at $50 after investors swapped 3,275,234 stock units, Sagicor Real Estate Fund dropped 35 cents to $8.15 after 10,408 shares passed through the market, Scotia Group climbed 83 cents to end at $33.84 with investors dealing in 704,129 units, Seprod rallied $4.99 in closing at $74.99 with investors transferring 435,817 stocks, Supreme Ventures skidded 49 cents to end at $27.50, with 361,791 units changing hands.
In the preference segment, Eppley 7.50% preference share fell 48 cents to close at $5.52 after an exchange of 13,126 stock units and Jamaica Public Service 7% popped $6.02 and ended at $52.82 in an exchange of 93 stocks.
Trading resulted in an exchange for 8,932,182 shares for $64,616,360, down from 17,477,049 units at $200,353,274 on Tuesday.
The PE Ratio, the most common formula used in valuing stocks, averages 12.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
JMMB Group dropped 54 cents to close at $27.15 after an exchange of 22,349 stocks, Kingston Properties increased 40 cents in closing at $7.30 with investors dealing in 68 stock units, Massy Holdings climbed 90 cents to $101 with stakeholders exchanging 1,772 shares, MPC Caribbean Clean Energy gained $2.80 and ended at $72.50 after a transfer of 194 units. Seprod rallied $5 to close at $70 with a transfer of 146,479 units, Supreme Ventures gained 44 cents in closing at $27.99, with 9,896 shares changing hands, Sygnus Credit Investments shed 50 cents to land at $11.47 in an exchange of 67,753 stocks and Wisynco Group climbed $1.15 in closing at $18, with 81,066 stock units crossing the exchange before reporting full year profit results after the market closed, of $4.9 billion, up 21 percent over earnings for 2022 and resulting in earnings of $1.31 per share.
Jamaica Public Service 7% fell $12.06 to $46.80, with 358 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced 50 cents to end at $100 in an exchange of 47 stocks.