Stocks mostly rose in trading on the Jamaica Stock Exchange US dollar market on Tuesday and resulting in trading in eight securities, compared to 10 on Monday with four rising, two declining and two ending unchanged, following a 96 percent increase in the volume of stocks changing hands but with an 86 percent lower value than on Monday.
Overall, 1,121,685 shares were traded for US$37,070 compared with 571,649 units at US$267,767 on Monday.
Trading averaged 140,211 units at US$4,634 versus 57,165 shares at US$26,777 on Monday, with month to date average of 48,604 shares at US$4,865 compared with 44,293 units at US$4,876 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE USD Equities Index gained 6.36 points to end at 225.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
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 Real Estate USD share declined 0.69 of a cent in closing at 7 US cents with a transfer of 21,828 shares, Productive Business Solutions increased 5 cents to US$1.70 after an exchange of 12,460 stock units,
Proven Investments popped 0.01 of a cent to 20 US cents with the swapping of 8,932 stocks. Sterling Investments lost 0.07 of a cent to end at 1.8 US cents with an exchange of 36,993 units, Sygnus Credit Investments USD share rallied 0.01 of a cent to end at 9.51 US cents with an exchange of 20,712 stocks and Transjamaican Highway rose 0.02 of a cent to close at 0.99 of one US cent and closed with an exchange of 1,020,720 shares.
In the preference segment, Productive Business 9.25% preference share remained at US$11.11 in trading 27 stock units and JMMB Group 6% ended at US$1, with 13 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 16,071,684 shares were exchanged for $99,612,685 versus 18,191,600 units at $322,436,055 on Monday.
Market Index fell 335.82 points to 340,327.33 and the JSE Financial Index shed 0.47 points to close at 81.11.
JMMB Group advanced $1.64 to end at $35.94 in an exchange of 115,123 stock units, Mayberry Jamaican Equities dipped 50 cents to close at $12 with 123,909 shares changing hands, Palace Amusement dropped $312 to $2,480 with the swapping of 758 units. Portland JSX rose $1.72 to $11.50 after an exchange of 20,370 stocks, Proven Investments advanced $1.76 to $31.77 in trading 8,713 shares, Sagicor Group climbed $4.77 to t $53.99 in transferring 65,670 stock units. Stanley Motta popped 44 cents in closing at $5.69, with 2,455,575 stock units crossing the market and Sygnus Credit Investments gained 50 cents ending at $13 in trading 30,351 units.
Jamaica Public Service 7% gained $1.09 to end at 52 weeks’ high of $4.46 in switching ownership of 606 shares, Jamaica Public Service 9.5% rallied $37 in ending at $2,992 with six stock units crossing the market. JMMB Group 7.15% – 2028 fell 41 cents to close at $2.62 with the swapping of 50,000 stocks and 138 Student Living preference share rose 96 cents to $69.95 with an exchange of 9,975 units.
Trading ended with ten securities changing hands, up from six on Friday, with four rising, two declining and four ending unchanged.
Margaritaville rallied 1.85 cents to close at 14.17 US cents, trading 129 units, MPC Caribbean Clean Energy advanced 4 cents to 59 US cents after trading of 3,009 stocks. Productive Business Solutions popped 37.5 cents to end at US$1.65 in trading 110,849 stock units, Proven Investments dipped 0.01 of a cent to 19.99 US cents and closed with an exchange of 450,043 shares and Transjamaican Highway remained at 0.97 of one US cent as investors traded 1,159 units.
A total of 18,191,600 shares were exchanged for $322,436,055, up sharply from 10,834,252 units at $176,431,924 on Friday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
JMMB Group dipped 70 cents to close at $34.30 with a transfer of 160,234 units, Kingston Wharves shed 96 cents to $34.74 in switching ownership of 7,504,922 stock units. Mayberry Jamaican Equities lost 60 cents to settle at $12.50 with 1,650 units changing hands, MPC Caribbean Clean Energy jumped $14 to $84 after a transfer of 3,009 stocks, Palace Amusement surged $189 to close at $2,792 after an exchange of 265 shares. Portland JSX dropped $1.82 to $9.78 with 216 stock units crossing the market, Proven Investments fell $1.79 to $30.01 after 42,601 units passed through the market, Sagicor Group declined $2.78 to close at $49.22 in the trading of 32,689 stocks. Scotia Group lost 60 cents to finish at $34.30 with the swapping of 79,073 shares, Seprod popped $2.99 in closing at $69 in an exchange of 13,750 stock units, Sterling Investments lost 44 cents to close at $2.62 with investors transferring a mere 156 units.
Sygnus Credit Investments shed 50 cents in ending at $12.50 after switching ownership of 55,319 shares and Sygnus Real Estate Finance rose 49 cents to $9.50 in an exchange of 3,093 stocks.
Overall, 221,731 shares were traded for US$7,760 compared with 417,724 units at US$36,261 on Thursday.
Proven Investments ended at 20 US cents after 1,539 units were traded, Sygnus Credit Investments USD share remained at 9.5 US cents in swapping of 2,125 stocks and Transjamaican Highway advanced 0.06 of a cent to 0.97 of one US cent after a transfer of 212,897 stock units.
A total of 10,834,252 shares were traded for $176,431,924 versus 16,679,571 units at $253,751,659 on Thursday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Jamaica Broilers popped $1.50 to close at $31.50 in exchange for 178,129 shares, Jamaica Producers rallied 99 cents to $20.99 with 168 units changing hands, JMMB Group lost 50 cents to close at $35 following trading of 206,544 stocks. Kingston Wharves advanced $5.45 to $35.70 with a transfer of 319 units, Mayberry Jamaican Equities gained $1.10 while ending at $13.10 with 5,497 stock units changing hands, Palace Amusement dropped a hefty $647 to end at $2,603 following investors exchanging 2,483 shares and pushing the stock to an intraday record high of $3,300. PanJam Investment rose $2.20 to $57.20 after trading 2,238,835 units, Proven Investments popped 80 cents to close at $31.80 with the swapping of 38,842 stock units, Scotia Group rallied $1 in closing at $34.90 in trading 3,504 shares.
Seprod shed $1.89 to end at $66.01 with an exchange of 6,860 stocks, Stanley Motta advanced 99 cents to $5.24 with investors transferring 1,778,058 stock units and Supreme Ventures popped 85 cents in closing at $27 after 132,915 units crossing the market.
A total of 16,679,571 shares were traded for $253,751,659 compared to 32,907,198 units at $46,037,711 on Wednesday.
Mayberry Investments fell 81 cents to $8 after investors traded 25,212 units. Mayberry Jamaican Equities shed $1 to settle at $12 after exchanging 303,361 stocks, Palace Amusement jumped $350 to end at a record high of $3,250 with 817 shares crossing the market, PanJam Investment dropped $2.20 to $55 after 2,528 stocks cleared the market. Proven Investments dipped 50 cents to $31 with the swapping of 1,705 stock units, Scotia Group fell 97 cents to end at $33.90 in trading 238,458 shares, Supreme Ventures fell $1.85 to $26.15 after a transfer of 66,596 units. Sygnus Credit Investments rallied 50 cents in closing at $13 in switching ownership of 25,136 stocks and Victoria Mutual Investments lost 47 cents ending at $3.53 with a transfer of 112,178 stock units.
In the preference segment, JMMB Group 7.15% – 2028 shed 40 cents to close at a 52 weeks’ low of $2.51 with investors transferring 50,000 shares and 138 Student Living preference share advanced $3.99 to $68.99 in an exchange of 253 units.
Overall, 417,724 shares were traded for US$36,261 compared with 114,022 units at US$3,947 on Wednesday.
Sygnus Credit Investments J$ share ended at 12 US cents, with 180 units crossing the market, Sygnus Credit Investments USD share ended at 9.5 US cents after trading 59 shares and Transjamaican Highway fell 0.04 of a cent to end at 0.91 of one US cents as 76 units changed hands.
A total of 32,907,198 shares were traded for $46,037,711 compared to 23,052,827 units at $45,065,813 on Tuesday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15.1 on the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Jamaica Stock Exchange fell 76 cents to $13.72 after a transfer of 16,369 shares. Mayberry Investments advanced 74 cents to $8.81 in switching ownership of 504 units, NCB Financial rallied 99 cents to $79 in swapping 8,469 stock units, 138 Student Living gained 59 cents to finish at $4.90 trading 236 stocks. Palace Amusement climbed $100 to close at a 52 weeks’ high of $2,900 in transferring 832 stocks, PanJam Investment popped $2.20 to $57.20, with 250 units crossing the exchange, Proven Investments rose $1.48 in closing at $31.50 trading 1,539 stock units. Sagicor Group gained $1 to end at $52 with an exchange of 667 shares, Scotia Group popped 87 cents to $34.87 after an exchange of 32,403 units, Seprod rallied $1 to $68 with the swapping of 1,234 stock units.
Supreme Ventures gained 65 cents to close at $28 in trading 20,247 stocks and Sygnus Credit Investments rallied 44 cents in closing at $12.50 with 1,305 shares crossing the market.
Productive Business Solutions fell 22.5 cents to US$1.275 after 406 stock units crossed the market. Proven Investments lost 0.89 of a cent to end at 19.11 US cents, with 10,000 units changing hands, Sterling Investments rallied 0.01 of a cent to 1.87 US cents after 4,722 stocks changed hands and Transjamaican Highway climbed 0.04 of a cent to close at 0.95 of one US cent after 92,103 units were traded.