After breaking 6 straight days of decline on Wednesday, declining stocks pushed Jamaica Stock Exchange Main Market indices into decline at the close on Thursday, with an exchange of 41 percent more shares valued 113 percent higher than on Wednesday as investors continue to maintain a subdued posture towards main market stocks at this time.
The All Jamaican Composite Index fell 171.26 points to 453,149.76, the JSE Main Index declined 1,070.69 points to 411,881.33 and the JSE Financial Index shed 1.04 points to end at 99.96.
Trading took place in 48 securities compared to 51 on Wednesday, with 16 rising, 17 declining and 15 left unchanged. Caribbean Cement ended at a 52 weeks’ closing high of $106.50 after traded at an intraday high of $115 and NCB Financial traded at an intraday 52 weeks’ low of $121.03.
The PE Ratio, a measure used to compute appropriate stock values, averages 15.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading jumped to 15,130,149 shares for $148,604,629 from 10,754,378 units at $69,882,256 on Wednesday. Wigton Windfarm led with 34.3 percent after an exchange of 5.19 million shares, followed by Transjamaican Highway 14.8 percent, with 2.24 million units and Radio Jamaica 14.5 percent after 2.19 million units changed hands.
Trading averages 315,211 units at $3,095,930, compared to 210,870 shares at $1,370,240 on Wednesday and month to date averages 507,741 units at $8,691,971, in contrast to 519,351 units at $9,028,360 on Wednesday. July ended with an average of 322,932 units at $15,201,099.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments gained 21 cents at $93.21 with 17,793 shares crossing the market, Berger Paints dipped 38 cents to $13.12 in trading 1,974 stock units, Caribbean Cement spiked 50 cents to end at a 52 weeks’ closing high of $106.50 with the swapping of 65,044 shares, but traded at an intraday high of $115, as demand is picking for the stock at the same time that supply is dwindling. Caribbean Producers lost 20 cents to close at $4.75 in exchanging 19,800 units, Eppley lost 20 cents to end at $40.90 in switching ownership of 1,600 shares, Eppley Caribbean Property Fund advanced $1.50 to $38 with 86 stock units changing hands, First Rock Capital rallied 50 cents to close at $12 in exchanging 38,363 units. GraceKennedy shed 60 cents to end at $101.50 after 669,124 stock units cleared the market, Guardian Holdings declined $7 to $584 in trading 9,914 shares, Jamaica Broilers shed $1.64 to $33.15 with the transfer of 56,942 stocks. Jamaica Producers advanced $2 to $24.20 with 42,911 units crossing the exchange, JMMB Group rose 20 cents to $38.20 in an exchange of 152,841 shares, Mayberry Jamaican Equities popped 65 cents to $9.25 with the swapping of 22,599 stock units. NCB Financial Group rose $2 in closing at $132 after hitting an intraday 52 weeks’ low of $121.03 and switching ownership of just 19,875 shares, Palace Amusement surged $175 to $1,125 after exchanging just 2 units, PanJam Investment shed 55 cents to close at $62 in transferring 3,203 shares. Proven Investments rallied 97 cents to $34 in trading 19,555 stock units, Radio Jamaica traded as high as $4.7t, but selling came into the market and it lost 25 cents at the close to end at $4.40 after 2,190,629 shares cleared the market. Scotia Group spiked 38 cents to $39.50, with 34,731 stocks crossing the market. Seprod fell 99 cents to $62.01 with an exchange of 15,490 stock units and Sygnus Credit Investments popped 70 cents in closing at $15 in trading 18,260 units.
In the corporate Bond segment, Guardian Holdings 6.5% bond rose 45 cents to $104.78 with 2.25 million units trading.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Low volume again for JSE USD Market
The volume of stocks trading on Thursday, plunged sharply, with 21 percent fewer shares changing hands than the other ready low level of activity on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Trading ended with seven securities changing hands, compared to six on Wednesday, with prices of two stocks rising, two declining and three remaining unchanged.
The JSE US Denominated Equities Index popped 0.61 points to 185.23. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Just 8,864 shares traded for US$1,755, from 11,190 units at US$3,776 on Wednesday. Trading averaged 1,266 units at US$251, compared to 1,865 shares at US$629 on Wednesday, while the month to date average 214,561 units for at US$10,543 versus 231,528 units at US$11,362 on Wednesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital remained at 7.5 US cents, with 1,053 shares crossing the exchange, Productive Business Solutions traded 10 stock units at 77 US cents, Proven Investments dropped 0.84 of a cent in ending at 23.05 US cents after exchanging 6,746 stock units. Sterling Investments fell 0.4 of a cent to 1.74 US cents, with 500 units clearing the market, Sygnus Credit Investments J$ share climbed 0.7 of a cent to 12.6 US cents, with 105 units being swapped, Sygnus Credit Investments US$ stock remained at 13 US cents, with 400 stock units changing hands and Transjamaican Highway advanced 0.02 of a cent to close at 0.88 US cents with an exchange of 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rises on Wednesday
Trading on Wednesday ended with trading of 90 percent fewer shares than on Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Six securities changed hands, compared to three on Tuesday, with prices of three rising, one declining and two remaining unchanged.
The JSE US Denominated Equities Index rallied 4.90 points to 184.74. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 11,190 shares traded for US$3,776 compared to 115,641 units at US$19,049 on Tuesday. Trading averaged 1,865 units at US$629 compared to 38,547 shares at US$6,350 on Tuesday, with a month to date average of 231,528 units at US$11,362 in contrast to 248,332 units at US$12,147 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one stock with a lower offer.
At the close, Proven Investments shed 0.1 of a cent to close at 23.89 US cents in trading 8,321 shares, Sygnus Credit Investments Ja$ share remained unchanged at 11.9 US cents, with just 2 units changing hands, Sygnus Credit Investments USD share advanced 0.98 of a cent to 13 US cents in trading at 600 stocks. Transjamaican Highway rallied 0.06 of a cent to 0.86 US cents in switching ownership of 1,358 stock units.
In the preference segment, JMMB Group 5.5% remained at US$2 after exchanging 800 stock units and JMMB Group 6% gained 5 cents in ending at US$1.08 and exchanging 109 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More losses for JSE US Market on Tuesday
Trading ended with the market declining further on Tuesday, with an exchange of 45 percent fewer shares than on Monday at 18 percent less the value, with three securities changing hands, compared to five on Monday with prices of two stocks rising and one declining.
The JSE US Denominated Equities Index fell 5.49 points to end at 179.84, with a fall of 3.5 percent for the year to date.
The PE Ratio, a measure used to computes appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 115,641 shares traded for US$19,049 compared to 210,327 units at US$23,249 on Monday. Trading averaged 38,547 units at US$6,350, compared to 42,065 shares at US$4,650 on Monday. Trading month to date averages 248,332 units at US$12,147 in contrast to 256,299 units at US$12,367 on Monday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ending, with the bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville advanced 0.1 of a cent to 9 US cents with 54,719 shares changing hands, Proven Investments rose 0.01 of a cent to 23.99 US cents, trading 60,916 units and Sygnus Credit Investments J$ stocks fell 2.6 cents to 11.9 US cents with 6 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on the JSE USD market
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.
Compared to five on Friday, trading ended with five securities changing hands, with two stocks rising, two declining and one ending unchanged.
The JSE US Denominated Equities Index rose 0.71 points to end at 185.33. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 210,327 shares traded, for US$23,249 compared to 590,911 units at US$25,111 on Friday. Trading averaged 42,065 units at US$4,650, from 118,182 shares at US$5,022 on Friday. Trading averages 256,299 units for the month to date at US$12,367 in contrast to 270,774 units at US$12,888 on Friday. July ended with an average of 178,541 units for US$18,099.
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.
At the close, First Rock Capital fell 0.46 of a cent to 7.5 US cents, with the trading of 223 shares, Proven Investments lost 0.02 of one cent to close at 23.98 US cents in an exchange of 90,484 units, Sterling Investments rose 0.09 of a cent to 2.14 US cents after exchanging 16,250 stock units. Sygnus Credit Investments remained unchanged at 12.02 US cents after 3,370 stocks were traded and Transjamaican Highway climbed 0.05 of a cent in closing at 0.8 US cents with an exchange of 100,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market slides into the weekend
Trading on Friday ended with the market declining after investors transferred 95 percent fewer shares than on Thursday at 80 percent less the value, resulting in more stocks falling than rising.
Trading ended with five securities changing hands compared to six on Thursday, with prices of one stock rising, three declining as one remained unchanged.
The JSE US Denominated Equities Index fell 3.78 points to end at 184.62 and dipped into negative territory for the year. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 590,911 shares traded for US$25,111, down from 13,016,194 units at US$128,328 on Thursday. Trading averaged 118,182 units at US$5,022 from 2,169,366 shares at US$21,388 on Thursday. Month to date, trading averages 270,774 units at US$12,888 compared to 281,831 units at US$13,458 on Thursday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with the bid higher than its last selling price and two with lower offers.
At the close, Margaritaville slipped 0.1 of a cent to end at 8.9 US cents in exchanging 500 shares, Proven Investments fell 0.1 of one cent to finish at 24 US cents, with 83,634 stock units changing hands, Sygnus Credit Investments gained 0.02 of a cent to settle at 12.02 US cents with 6,630 stocks traded and Transjamaican Highway dropped 0.1 of one cent to 0.75 US cents with 500,000 units crossing the exchange.
In the preference segment, Equityline Mortgage Investment remained at US$2, with 147 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.