Transjamaican Highway with earnings on track to reach 39 cents per share for the year, ended as the top performing company on the Jamaica Stock Exchange at the end of November with the stock price rising 81 percent and ending the month at a record closing high of $4.88 and is up 88 percent when dividends of 19 cents paid during the year are included.
A measure of the Main Market performance can be gleaned from the All Jamaica Composite Index recording a mild increase to the end of November, with a cut in interest rates from just under 12 percent to 6.7 percent, with the market starting to rise from a bottom in September to a nine and a half months high at month end.
In the period, almost half of the Main Market listed ordinary stocks recorded gains in the first 11 months of this year while 26 declined and one remained unchanged. Former Junior Market listed, Lasco Manufacturing delivered a solid 66 percent rally during the period. Energy producer Wigton with ownership restrictions lifted earlier in the year, rose a robust 59 percent followed by cigarette marketer Carreras, with a 38 percent increase, with First Rock and General Accident each gaining 32 percent and QWI Investments 31 percent.
The top 10 losing stocks, recorded losses from 14 to 44 percent, with Pulse Investments as the leading loser dropping a hefty 44 percent, following the loss of its founder and chief executive earlier in the year, RJR Group, with a torrid year of lower revenues and heavy losses, was next with a decline of 36 percent followed by Proven Investments down 26 percent, with profit under pressure, NCB Group, with an increased supply of stock on the market following a tepidly received additional share issue in May this year, suffered a 26 loss and Sagicor Group 19 percent.
During trading Caribbean Cement price hit a 52 weeks’ intraday high of $75.10 but it closed at $74, Pan Jamaica closed at a 52 weeks’ high of $56.90, Jamaica Public Service 9.5% ended at $2,690, after trading at a 52 weeks Intraday high of $3,280.16 and Pulse Investments traded at an intraday low of $1, but bounced back to close at $1.16.
The market indices jumped sharply, helped by a big price movement in Pan Jamaica and Sagicor Group, as the All Jamaican Composite Index popped 6,733.96 points to close at 369,925.68, the JSE Main Index increased 5,333.88 points to 321,591.49 and the JSE Financial Index advanced 1.75 points to settle at 65.52. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and six with lower offers.
Margaritaville gained 81 cents in closing at $15.10 after an exchange of just 4 units. Massy Holdings climbed $1.90 to $79.90 with 137 stocks changing hands, Pan Jamaica rallied $6.90 to end at a 52 weeks’ high of $56 with 500,762 stock units crossing the exchange, Sagicor Group increased $3.10 in closing at $40.10 in switching ownership of 319,580 shares. Sagicor Real Estate Fund climbed 60 cents to $8.50 after an exchange of 357,268 stocks and Sygnus Credit Investments fell 70 cents to finish at $12 trading 24,961 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise state
The market closed with an exchange of 212,448 shares for US$18,687 compared to 466,535 stock units at US$18,867 on Thursday.
Sterling Investments
The market closed with an exchange of 466,535 shares for US$18,867 down sharply from 1,404,682 stock units at US$104,481 on Wednesday. Trading averaged 51,837 shares at US$2,096 well below the 156,076 stocks at US$11,609 on Wednesday, with a month to date average of 196,915 units at US$9,622 compared with 205,232 stocks at US$10,054 on the previous day and October that ended with an average of 426,617 units for US$11,189. The US Denominated Equities Index increased by 0.22 points to conclude trading at 252.36. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Proven Investments remained at 11.1 US cents in an exchange of 49,575 stock units, Sygnus Credit Investments remained at 7 US cents and closed after 160 shares changed hands and Transjamaican Highway lost 0.2 of a cent to close at 2.76 US cents in trading 416,368 stock units. In the preference segment, JMMB Group US8.5% preference share popped 2 cents to US$1.11 after 89 stocks passed through the market, Productive Business Solutions 9.25% preference share rose 14 cents and ended at US$10.44 with investors trading 106 units and Sygnus Credit Investments E8.5% slipped US$1.49 in closing at a 52 weeks’ low of US$8.51 with just 5 shares crossing the exchange.
The market closed with 20,497,403 shares being traded at $168,382,641 compared with 23,114,868 stocks at $103,556,387 on Wednesday.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Pan Jamaica dropped $2.65 in closing at $49.10 with investors trading 200,142 stock units, Proven Investments advanced 50 cents to end at $19.50 in switching ownership of 119,370 units, Sagicor Group skidded $1 to close at $37 after 2,925 stocks changed hands. Sagicor Real Estate Fund climbed 50 cents to $7.90 with an exchange of 141,901 units, Scotia Group dipped $1.95 and ended at $44.07, with 125,200 stocks crossing the market, Seprod increased 70 cents to end at $84.70 after an exchange of 1,996 shares and Supreme Ventures slipped 59 cents to $21.70 in trading 29,285 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 23,114,868 shares trading for $103,556,387 from 26,500,977 stocks at $154,386,911 on Tuesday. Trading averaged 361,170 shares at $1,618,069 compared with 441,683 stock units at $2,573,115 on Tuesday and for the month to date, an average of 275,256 stock units at $2,382,196 compared with 270,088 shares at $2,428,159 on the previous day and October with an average of 205,025 stock units at $2,311,672.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Sagicor Group popped $1 to finish at $38 after a transfer of 27,011 units, Salada Foods increased 41 cents to end at $3.51 with traders dealing in 3,277 shares, Scotia Group skidded 48 cents in closing at $46.02 in switching ownership of 23,563 stock units. Seprod sank 60 cents to $84 with investors trading 4,823 shares, Stanley Motta shed 45 cents and ended at $6.50 after an exchange of 19,812 units and Sygnus Real Estate Finance climbed 44 cents to end at $11.44 after 10,180 stocks passed through the market.
Jamaica Public Service 9.5% declined $29.99 to finish at $2,860 with 10 stocks crossing the market and Productive Business Solutions 10.5% preference share gained $15 to land at $1,050 as investors exchanged 100 units.
The market closed with an exchange of 1,404,682 shares for US$104,481 compared to 1,575,237 stocks at US$53,490 on Tuesday.
Sterling Investments dropped 0.07 of a cent in closing at 1.48 US cents with 10 stock units clearing the market, Sygnus Credit Investments ended at 7 US cents after an exchange of 2,143 shares, Sygnus Real Estate Finance USD share popped 0.72 of one cent to close at 5.09 US cents with just 4 units crossing the market and Transjamaican Highway fell 0.03 of a cent to 2.96 US cents after an exchange of 154,155 stocks.
The market closed with trading of 26,500,977 shares at $154,386,911 versus 18,751,570 stock units at $240,793,065 on Monday. Trading ended with an average of 441,683 shares at $2,573,115 compared to 302,445 stocks at $3,883,759 on Monday and for the month to date, an average of 270,088 stock units at $2,428,159 compared to 259,833 shares at $2,419,496 on Tuesday and October with an average of 205,025 stock units at $2,311,672.
The Main Market ended trading with an average PE Ratio of 14.4. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
NCB Financial rallied 50 cents to $51 after an exchange of 149,721 shares, Pan Jamaica rose $1.02 to end at $51 with a transfer of 120,115 units, Proven Investments gained $1.50 in closing at $19 with 124,093 stocks crossing the market. Sagicor Real Estate Fund fell $1.18 to close at $7.38 in an exchange of 14,020 stock units, Salada Foods dropped 40 cents to $3.10 with 11,730 shares being traded, Supreme Ventures advanced 78 cents to finish at $22.48 after transferring 7,199 stocks and Sygnus Real Estate Finance shed 45 cents to close at $11 with investors trading 550 units.
Productive Business Solutions 10.5% preference share lost $15 to finish at $1,035 with traders dealing in 128 units and Sygnus Credit Investments C10.5% slipped $4.99 to close at $100 in switching ownership of 9,547 stock units.
The market closed with 18,751,570 shares trading for $240,793,065, up sharply from 5,891,703 stock units at $58,521,474 on Friday. Trading ended with an average of 302,445 shares at $3,883,759 compared to 105,209 stocks at $1,045,026 on Friday and for the month to date, an average of 259,833 stock units at $2,419,496 compared with 257,029 shares at $2,323,122 on the prior trading day and October with an average of 205,025 stock units at $2,311,672.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Massy Holdings popped 90 cents to $78.90 with 68,448 shares changing hands, Mayberry Group fell 48 cents in closing at $7.50 with traders dealing in 1,239 stocks, Mayberry Jamaican Equities fell 44 cents to $9.50 in exchanging 357 units. NCB Financial lost $2.24 to finish at $50.50 with 1,257,953 stocks clearing the market, Pan Jamaica rallied $3.58 to $49.98 with investors swapping 861,180 shares, Portland JSX advanced 50 cents to end at $10.80 in switching ownership of 2 stock units. Sagicor Group sank $2 to $37 with investors dealing in 69,960 stocks, Stanley Motta gained 45 cents and ended at $6.95 with 19 units crossing the market and Supreme Ventures dipped 50 cents to end at $21.70 as investors exchanged 10,948 shares.
In the preference segment, Jamaica Public Service 7% popped $2.90 in closing at $43 after 660 stock units passed through the market and Sygnus Credit Investments C10.5% increased $2.99 to finish at $104.99 in an exchange of 5 stocks.
f 585,154 shares for US$33,029 with a fall from 669,330 stocks at US$70,066 on Friday.
Sterling Investments increased 0.15 of a cent to end at 1.55 US cents in an exchange of 3,860 stock units, Sygnus Credit Investments ended at 7 US cents with 104,710 shares crossing the market and Transjamaican Highway popped 0.01 of one cent to close at 2.71 US cents with a transfer of 468,453 units.