Declining stocks dominated trading on The Jamaica Stock Exchange Main Market on Tuesday with 53 securities trading compared to 55 on Monday and leading to 17 rising, 20 declining and 16 ending unchanged after a 43 percent decline in the volume of stocks traded, value 9 percent higher than on Monday.
A total of 6,830,613 shares were exchanged for $73,463,083 versus 12,066,242 units at $67,419,300 on Monday.
Trading averaged 128,879 units at $1,386,096 versus 219,386 shares at $1,225,805 on Monday and month to date, an average of 204,819 units at $1,513,886 down from 209,746 units at $1,522,176 on the previous trading day. The average trade for October ended at 231,243 units at $1,464,224.
Wigton Windfarm led trading with 1.10 million shares for 16.2 percent of total volume followed by Mayberry Investments with 922,741 units for 13.5 percent of the day’s trade and Sagicor Select Financial Fund with 711,341 units for 10.4 percent market share.
The All Jamaican Composite Index rose 771.52 points to close at 380,113.13, the JSE Main Index rallied 573.98 points to 338,498.41 and the JSE Financial Index inched 0.27 points higher to 81.43.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratio incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments dropped $2.10 to close at $85 after trading 8,149 shares, First Rock Real Estate climbed 65 cents to $13 with an exchange of 5,343 stocks, GraceKennedy declined $4.39 to $81.11 with the swapping of 69,076 stock units. Jamaica Broilers advanced $1.35 to $27.48 after 11,106 units crossed the market, JMMB Group dipped $1.30 to close at a 52 weeks’ low of $32.70 in switching ownership of 25,563 units, Kingston Wharves rallied $1.50 to $31.50 with investors transferring 235,701 stocks. Mayberry Investments lost 43 cents to end at $6.56 trading 922,741 shares, MPC Caribbean Clean Energy fell $6 to $78 with a transfer of 700 stock units, Proven Investments advanced 50 cents in closing at $26 with an exchange of 10,862 shares. Supreme Ventures shed 52 cents to finish at $25.41 with 51,545 units changing hands, Sygnus Credit Investments fell 48 cents to $11.52 while transferring 21,865 stock units.
In the preference segment, Eppley 7.75% preference share lost 60 cents to settle at $20.50 after an exchange of 189 stocks and Jamaica Public Service 9.5% dipped $40 to end at $2,960 with the swapping of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More stocks fell than rose on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday with an 83 percent increase in the volume of stocks exchanged, valued 174 percent more than on Friday, resulting in 11 securities traded, compared to 10 on Friday with one rising, three declining and seven ending unchanged.
Overall, 334,981 shares were traded for US$60,270 compared to 182,935 units at US$22,001 on Friday.
Trading averaged 30,453 units at US$5,479, up from 18,294 shares at US$2,200 on Friday, with month to date average of 28,503 shares at US$3,622 versus 28,308 units at US$3,437 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 1.62 points to end at 228.89.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 7.1 US cents after 36,000 shares were exchanged, Productive Business Solutions ended at US$1.70 after a transfer of two units, Proven Investments rose 2.79 cents to 20 US cents while trading 284,461 stocks. Sterling Investments lost 0.05 of a cent to end at 1.95 US cents, with 2,590 stock units crossing the market, Sygnus Credit Investments J$ share ended at 14.62 US cents in an exchange of one stock, Sygnus Credit Investments USD share declined 0.88 of a cent in closing at 9.1 US cents with the swapping of 10,678 units. Sygnus Real Estate Finance USD share fell 0.5 of a cent after ending at 10.5 US cents with 1,036 shares changing hands and Transjamaican Highway remained at 0.92 of one US cent after trading 210 stock units,
In the preference segment, Eppley 6% preference share ended at US$1.13 finishing at one share. Equityline Mortgage Investment preference share remained at US$1.67 in exchanging one stock unit and JMMB Group 5.75% remained at US$1.50 with an exchange of 1 unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market plunges
The JSE US Denominated Equities market suffered a major reversal in trading on Friday, with the market index plunging 29.58 points to 227.27 after the major rise earlier in the week resulting from a big move by Productive Business Solutions was reversed and Proven Investments falling to a 52 weeks’ low as trading ended, with the volume of stocks exchanged rising 174 percent, valued 222 percent more than Thursday’s trades and resulting in an exchange of 10 securities, the same as on Thursday and ended with two rising, two declining and six unchanged.
A total of 182,935 shares were traded for US$22,001 compared to 66,713 units at US$6,828 on Thursday.
Trading averaged 18,294 units at US$2,200, versus 6,671 shares at US$683 on Thursday, with month to date average of 28,308 shares at US$3,437 versus 29,309 units at US$3,560 on the previous day. October ended with an average of 40,972 units for US$2,277.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with lower offers.
At the close, First Rock Real Estate USD share dipped 0.5 of a cent in closing at 7.1 US cents with an exchange of 20,000 shares, Productive Business Solutions remained at US$1.70 while exchanging ten stocks, Proven Investments lost 1.41 cents to end at a 52 weeks’ low of 17.21 US cents and closed with an exchange of 23,176 units. Sterling Investments rallied 0.1 of a cent to 2 US cents, with 105,000 stock units changing hands, Sygnus Credit Investments J$ share ended at 14.62 US cents, with investors exchanging three units, Sygnus Real Estate Finance USD share ended at 11 US cents with a transfer of 8,321 shares and Transjamaican Highway remained at 0.92 of one US cent after an exchange of 17,902 stock units.
In the preference segment, Productive Business 9.25% preference share advanced 90 cents to end at US$11.90 after 20 stocks passed through the market, Eppley 6% preference share remained at US$1.13 after a transfer of 3 shares and JMMB Group 5.75% ended at US$1.50 in switching ownership of 8,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market slips on Wednesday
The Jamaica Stock Exchange US dollar market closed on Wednesday with a 99 percent fall in the volume of stocks traded following the 98 percent decline in funds coming to the market compared with Tuesday, resulting in six securities traded, down from 11 on Tuesday with one rising, three declining and two ending unchanged.
Overall, 7,120 shares were traded for US$1,384 down sharply from 539,675 units at US$65,957 on Tuesday.
Trading averaged 1,187 units at US$231 versus 49,061 shares at US$5,996 on Tuesday, with a month to date average of 31,824 shares at US$3,880 versus 34,013 units at US$4,141 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index slipped 2.60 points to end at 242.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Productive Business Solutions remained at US$2 after finishing the trading of 50 shares, Proven Investments dropped 0.99 of a cent to 19.01 US cents, with 4,387 stocks clearing the market, Sterling Investments rallied 0.15 of a cent to close at 2.1 US cents with an exchange of 1,778 units and Sygnus Credit Investments USD share shed 0.05 of a cent in closing at 9.94 US cents with the swapping of 874 stock units.
In the preference segment, Productive Business 9.25% preference share ended at US$11 passed with 30 unit passing through the market and JMMB Group 6% dipped 2 cents to close at US$1.07 after a transfer of one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged rising 103 percent, with 179 percent value than on Monday, resulting from trading in 11 securities, compared to seven on Monday with prices of three rising, two declining and six unchanged.
A total of 539,675 shares were traded for US$65,957 compared with 266,444 units for US$23,622 on Monday.
Trading averaged 49,061 units at US$5,996, up from 38,063 shares at US$3,375 on Monday, with the month to date average of 34,013 shares at US$4,141 compared with 31,745 units at US$3,861 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 1.32 points to end at 245.40.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share fell 0.37 of one cent to close at 7.6 US cents, with the swapping of 12,240 shares, Margaritaville ended at 14 US cents while exchanging eight stocks, Productive Business Solutions remained at US$2 as one stock unit crossed the market. Proven Investments rallied 1 cent to 20 US cents after a transfer of 296,697 units, Sterling Investments ended at 1.95 US cents after 8,544 units passed through the market, Sygnus Credit Investments USD share climbed 0.88 of a cent to 9.99 US cents after exchanging 28 shares. Sygnus Real Estate Finance USD share remained at 11 US cents after trading ten stocks and Transjamaican Highway advanced 0.02 of a cent to 0.93 of one US cent after an exchange of 220,195 stock units.
In the preference segment, Eppley 6% preference share lost 1 cent after ending at US$1.12 with trading of just one unit, Equityline Mortgage Investment preference share remained at US$1.67 in an exchange of one stock and JMMB Group 5.75% ended at US$2 with an exchange of 1,950 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.