Stocks traded mostly higher on Thursday, leading the major market indices to rise, with the volume of stocks rising 10 percent with 16 percent greater than on Wednesday at the Jamaica Stock Exchange Main Market as rising stocks exceeded were less than those declining.
The All Jamaican Composite Index climbed 3,067.03 points to 439,266.19, the JSE Main Index rose 2,365.47 points to 383,350.63 and the JSE Financial Index increased 0.95 points to settle at 91.88.
Trading ended with 51 securities compared to 54 on Wednesday, with 25 rising, 14 declining and 12 ending unchanged. Ciboney and JMMB Group 7 NC preference share traded at 52 weeks’ high.
A total of 16,705,305 shares were exchanged for $146,234,623 versus 15,220,491 units at $125,757,308 on Wednesday. Trading averages 327,555 units at $2,867,346, compared to 281,861 shares at $2,328,839 on Wednesday and month to date, an average of 264,077 units at $3,886,496, compared to 260,351 units at $3,946,308 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Transjamaican Highway led trading with 5.16 million shares for 30.9 percent of total volume, followed by Wigton Windfarm with 2.82 million units for 16.9 percent of the day’s trade, First Rock Capital with 2.03 million units for 12.1 percent market share, Supreme Ventures with 1.28 million units for 7.7 percent market share and Ciboney Group with 1.08 million units for 6.4 percent market share.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints lost $1 in ending at $11, with 35,423 shares changing hands, Caribbean Cement advanced $3.60 to $67.10 after trading 64,553 stock units, Ciboney Group climbed 37 cents to end at a 52 weeks’ high of $1.50 in trading 1,077,445 units. Eppley dropped $3.95 to close at $40 while exchanging 500 stocks, Eppley Caribbean Property Fund popped $4, in closing at $44 with the swapping of 11 shares, First Rock Capital increased 95 cents to $13.25 after exchanging 2,027,822 stock units. Guardian Holdings rose $1 to close at $501, trading 1,605 stocks, Jamaica Stock Exchange shed $1.27 to end at $17 after exchanging 56,302 units, Kingston Wharves gained $2.65 in closing at $39 with 27,672 stock units changing hands. Massy Holdings declined 44 cents to $91.56 with an exchange of 502 stocks, Mayberry Investments rallied 69 cents to close at $10.75 in exchanging 88,876 shares, Mayberry Jamaican Equities fell $1.03 to $13, with 9,558 units crossing the market. NCB Financial rose 50 cents in closing at $103 in an exchange of 72,458 shares, Palace Amusement jumped $86 to end at $986 with four shares crossing the market, PanJam Investment gained $1 in ending at $66 with 39,348 stocks clearing the market. Sagicor Group increased $1.99 in closing at $56.99 after 72,339 stock units crossed the exchange and Seprod popped $1.47 to $71.50 in switching ownership of 6,940 shares.
In the preference segment, JMMB Group 7.25% preference share fell 40 cents to end at $2.28 after exchanging 79 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE USD market
Trading on Thursday, with the volume of stocks traded falling 78 percent with 99 percent less value than on Wednesday, to close the Jamaica Stock Exchange US dollar market, resulting in seven securities traded, the same as on Wednesday with none rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index lost 0.07 points to end at 215.90. The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 234,994 shares traded for US$7,758 compared to 1,086,150 units at US$718,478 on Wednesday. Trading averaged 33,571 units at US$1,108, compared to 155,164 shares at US$102,640 on Wednesday, with month to date average of 78,039 shares at US$9,589 versus 80,746 units at US$10,105 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 7.49 US cents while trading 2,690 shares, MPC Caribbean Clean Energy finished at US$1.38, with two units crossing the exchange, Proven Investments lost 0.86 of a cent to end at 25.04 US cents with 20,590 stock units changing hands. Sterling Investments dropped 0.03 of a cent to 2.07 US cents after trading 33,201 stocks, Sygnus Credit Investments USD share ended unchanged at 12.94 US cents in an exchange of 21 stock units, Sygnus Real Estate Finance USD share ended at 11.5 US cents in exchanging 75 shares and Transjamaican Highway slipped 0.07 of a cent to 0.93 of one US cent in trading 178,415 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surge for JSE USD market
Trading jumped sharply on Wednesday, on the Jamaica Stock Exchange US dollar market with the volume of stocks traded rising 611 percent higher and the value surging 6,323 percent over trading on Tuesday, resulting in seven securities trading, compared to four on Tuesday with two rising, three declining and two unchanged.
The JSE US Denominated Equities Index gained 3.42 points to end at 215.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
A total of 1,086,150 shares traded for US$718,478 versus 152,805 units at US$11,186 on Tuesday. Trading averaged 155,164 units at US$102,640, compared to 38,201 shares at US$2,797 on Tuesday, with month to date average of 80,746 shares at US$10,105 versus 75,922 units at US$4,107 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share remained at 7.49 US cents, with 2,290 shares crossing the exchange, MPC Caribbean Clean Energy ended at US$1.38 with an exchange of 7 stock units, Productive Business Solutions shed 1 cent to close at US$1.14, with 612,721 stocks crossing the market. Proven Investments advanced 0.88 of one cent to close at 25.9 US cents after 54,605 units changed hands, Sygnus Credit Investments USD share declined 0.03 of a cent to end at 12.94 US cents in an exchange of 13,056 units and Transjamaican Highway gained 0.05 of a cent to end at 1 US cent after exchanging 402,835 stock units.
In the preference segment, JMMB Group 6% dropped 4 cents to close at US$1.01, with 636 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE USD market
Trading activity dropped on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks trading declining 54 percent and the value down 76 percent from Monday, resulting in more stocks falling than rising.
Four securities traded, down from eight on Monday, with one rising, two declining and one ending unchanged. The JSE US Denominated Equities Index lost 1.28 points to end at 212.55.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 152,805 shares traded for US$11,186, down from 335,526 units at US$46,352 on Monday. Trading averaged 38,201 units at US$2,797, compared to 41,941 shares at US$5,794 on Monday, with a month to date average of 75,922 shares at US$4,107 versus 77,373 units at US$4,158 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with higher bids than the last selling prices and two stocks with lower offers.
At the close, Proven Investments fell 0.98 of one cent to 25.02 US cents in trading 40,231 shares, Sygnus Credit Investments USD share declined 0.02 of a cent in closing at 12.97 US cents after 668 stocks changed hands, Sygnus Real Estate Finance USD share remained at 11.5 US cents after an exchange of 752 shares and Transjamaican Highway rose 0.11 of a cent to close at 0.95 of a US cent with an exchange of 111,154 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for USD market as more stocks rise
The value stocks trading on Monday surged 232 percent on the Jamaica Stock Exchange US dollar market, but the volume was mildly higher and trading closed with eight active securities, the same as Friday, with three rising, one declining and four ending unchanged.
The JSE US Denominated Equities Index rose 2.90 points and closed at 213.83.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 335,526 shares traded, for US$46,352 versus 320,625 units at US$13,970 on Friday. Trading averaged 41,941 units at US$5,794, compared to 40,078 shares at US$1,746 on Friday, with a month to date average of 77,373 shares at US$4,158 versus 80,326 units at US$4,021 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with higher bids than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share ended at 7.49 US cents with an exchange of 37 shares, MPC Caribbean Clean Energy remained at US$1.38 while exchanging one stock unit, Proven Investments rose 0.5 of a cent to end at 26 US cents in an exchange of 48,190 stock units. Sterling Investments dropped 0.02 of one cent to close at 2.1 US cents, with 577 units changing hands, Sygnus Credit Investments USD share advanced 0.79 of a cent in closing at 12.99 US cents in switching ownership of 260,908 units, Sygnus Real Estate Finance USD share finished at 11.5 US cents after an exchange of 850 stocks and Transjamaican Highway climbed 0.03 of one cent to close at 0.84 of a US cent with 24,962 shares traded.
In the preference segment, JMMB Group 6% remained at US$1.05 in exchanging one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE USD market
Trading on Friday ended with the volume of stocks changing hands rising 61 percent over Thursday as 11 percent more funds entered the Jamaica Stock Exchange US dollar market, resulting in eight securities traded, similar to Thursday, with two rising, three declining and three ending unchanged.
The JSE US Denominated Equities Index dipped 3.59 points to end at 210.93.
The PE Ratio, a measure used to compute appropriate stock values, averages 9, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
A total of 320,625 shares traded amounting to US$13,970 compared to 199,358 units at US$12,579 on Thursday. Trading averaged 40,078 units at US$1,746 compared to 24,920 shares at US$1,572 on Thursday, with a month to date average of 80,326 shares at US$4,021 versus 83,984 units at US$4,228 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 7.49 US cents, with 3 shares crossing the market, Margaritaville ended at 14.99 US cents with an exchange of 30 stocks, Proven Investments climbed 0.48 of a cent in ending at 25.5 US cents in switching ownership of 30,832 stock units. Sterling Investments gained 0.2 of a cent in closing at 2.12 US cents with the swapping of 2,823 units, Sygnus Credit Investments USD share finished at 12.2 US cents trading 11,698 stocks, Sygnus Real Estate Finance USD share lost 0.5 of one cent to end at 11.5 US cents in exchanging 23,408 units and Transjamaican Highway dropped 0.17 of a cent to 0.81 of a US cent in an exchange of 251,830 stock units.In the preference segment, JMMB Group 5.75% shed 5 cents in ending at US$2.25 after trading just one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.