Trading ended as 69 percent more funds passed through on the Jamaica Stock Exchange Main Market ended on Tuesday than on Monday, with the volume of stocks traded declining 6 percent and the value, with 60 securities trading compared to 56 on Monday, with 17 rising, 28 declining and 15 ending unchanged as two stocks hit a 52 weeks’ high and two ended at a 52 weeks’ low.
A total of 10,763,695 shares were traded for $65,931,590 compared to 11,476,890 units at $39,035,763 on Monday.
Trading averaged 179,395 shares at $1,098,860, versus 204,944 stock units at $697,067 on Monday and month to date, an average of 230,484 units at $1,610,904, compared with 239,420 units at $1,700,474 on the previous day. Notably, the average funds entering the market in May to date exceed April, with an average of 264,549 units at $1,409,410.
Transjamaican Highway led trading with 5.11 million shares for 47.5 percent of total volume, with the stock closing at a 52 weeks’ high of $1.18, followed by Wigton Windfarm with 1.65 million units for 15.3 percent of the day’s trade and Scotia Group with 806,865 units for 7.5 percent market share.
The All Jamaican Composite Index jumped 3,226.09 points to close at 369,226.52, the JSE Main Index dropped 3,014.50 points to close at 334,130.49 and the
JSE Financial Index fell 1.08 points to 75.54.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dropped 48 cents to close at $77.50, with 2,801 shares crossing the exchange, Berger Paints lost 50 cents to end at $7.80 and closed with 1,093 stocks changing hands, Caribbean Cement dipped $1.51 and ended at a 52 weeks’ low of $51 after exchanging 36,519 units, Caribbean Producers gained 50 cents in closing at $10.50 after investors traded 9,309 stocks. Eppley shed 75 cents to close at $36.52, with shareholders swapping 26,042 stocks, Guardian Holdings dropped $38 to end at $472 after an exchange of 851 stock units. Jamaica Stock Exchange dipped 80 cents to $13.40 in switching ownership of 639 shares, Margaritaville declined $2.42 and ended at a 52 weeks’ low of $13.71 while 17,126 stock units passed through the market, Mayberry Jamaican Equities rallied 50 cents to end at $10.50 in an exchange of 189,662 units, 138 Student Living rose 34 cents to close at $5.35 with 116 stocks crossing the exchange. Proven Investments shed $1 in ending at $26 as investors exchanged 4,607 stock units, Sagicor Group rallied $1.35 to $49.38 with investors transferring 21,037 shares, Scotia Group advanced 50 cents in closing at $34.50 after 806,865 stocks crossed the market, Seprod popped $1.50 in closing at $72 with a transfer of 10,486 units Stanley Motta climbed 59 cents to $6.15 after a transfer of 502,975 units, Supreme Ventures popped 34 cents to end at $27.99 in trading 76,574 shares and Wisynco Group lost 43 cents and ended at $16.56 with 52,211 stocks clearing the market.
In the preference segment, Eppley 7.50% preference share climbed 70 cents to close at $6.90 with an exchange of 1,726 stock units, 138 Student Living preference share increased $12.02 to close at a 52 weeks’ high of $132.19 while exchanging one stock and Productive Business Solutions 9.75% preference share fell $4 to $96 with a transfer of 14 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 11,476,890 shares were exchanged for $39,035,763 versus 11,772,290 units at $54,877,421 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Key Insurance rose 50 cents and ended at $3.65 after just 1 stock unit was traded, Kingston Wharves increased $2.40 to close at $32.90, with 5,548 stock units changing hands, Massy Holdings rallied $3 to end at $98, with 4,590 shares crossing the market, Mayberry Jamaican Equities dipped 85 cents to $10 after an exchange of 211,881 stocks. 138 Student Living declined 34 cents to $5.01 while exchanging 2,650 units, Sagicor Group fell $1.97 to close at $48.03 after a transfer of 70,552 shares, Scotia Group shed 85 cents in closing at $34 with a transfer of 9,525 units, Seprod rallied 50 cents to end at $70.50 as 9,753 stock units passed through the market. Stanley Motta gained 36 cents to close at $5.56, with 2,081 stocks clearing the market, Supreme Ventures lost 35 cents in closing at $27.65 with shareholders swapping 17,945 stocks and Sygnus Real Estate Finance rose $2.29 to $11.80, with 3,078 shares crossing the market.
Eppley 7.75% preference share advanced $2.21 to $19.75 in an exchange of 84 stock units, Jamaica Public Service 7% fell $15 ended at $60 as investors exchanged 11,187 shares and 138 Student Living preference share jumped $15.67 in closing at $120.17 with investors transferring a mere 4 units.
with trading activity occurring in 55 securities compared to 57 on Thursday and resulted in prices of 13 rising, 23 falling and 19 ending unchanged.
The All Jamaican Composite Index fell 1,306.49 points to close at 371,710.92, the JSE Main Index rallied 1,443.60 points to 334,870.71 and the JSE Financial Index gained 0.10 points to close at 76.69.
Jamaica Broilers dipped $1.28 to end at $35.70 as 29,289 stocks passed through the market, Jamaica Stock Exchange rallied $1.24 to end at $14.24 with an exchange of 6,691 units, JMMB Group declined $1.40 to close at $29.60 after investors traded 126,267 shares. Kingston Wharves dropped $2.40 to $30.50 with investors trading 20,319 units, Mayberry Investments popped 45 cents in closing at $7.95 in an exchange of 60,363 shares, Mayberry Jamaican Equities fell 45 cents and ended at $10.85 after 6,511 units passed through the market, NCB Financial fell $1 to close at $72 with a transfer of 268,196 stocks. Portland JSX shed 48 cents in closing at $11 in an exchange of 20 stock units, Proven Investments increased $1.69 and ended at $27.10 in trading 1,888 units, Seprod declined $1.50 to end at $70, with 27,546 stock units crossing the exchange. Stanley Motta lost 50 cents to close at $5.20 while exchanging 834 stocks and Sterling Investments climbed 38 cents to end at $2.87 after a transfer of 517 shares.
In the preference segment, Eppley 7.75% preference share dipped $1 to $17.54, with 558 shares changing hands, Jamaica Public Service 7% rose $7 and ended at $75, with 175 units clearing the market and JMMB Group 7.15% – 2028 climbed 47 cents to close at $2.94 after investors exchanged 10,905 stocks.
A total of 88,165 shares were traded for US$11,398 compared with 122,385 units at US$18,559 on Thursday.
At the close, Margaritaville dipped 0.47 of a cent to 11 US cents with shareholders trading 26 shares, Productive Business Solutions rallied 10 cents to close at US$1.90 as 2 shares changed hands, Proven Investments ended at 17 US cents after shareholders traded 67,557 units, Sterling Investments ended at 1.9 US cents as investors swapped 205 stocks. Sygnus Credit Investments rose 0.38 of one cent and ended at 9.42 US cents as 30 through the market, Sygnus Real Estate Finance USD share gained 2.05 cents to end at 12.39 US cents with an exchange of 23 stocks and Transjamaican Highway rose 0.11 of a cent to close at 1.21 US cents in switching ownership of 20,322 units.
A total of 3,816,748 shares were traded for $33,796,305 compared to 6,353,061 units at $48,244,526 on Wednesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Massy Holdings jumped $5.50 to end at $95 after an exchange of 3,762 stock units, NCB Financial declined $1.11 in closing at $73 with 41,486 shares changing hands. Proven Investments dipped $1.89 to $25.41 with investors trading 4,483 shares, Sagicor Group lost 50 cents to close at $50 in switching ownership of 13,572 stock units; Scotia Group rose 75 cents in closing at $34.85 with a transfer of 71,051 stocks, Supreme Ventures advanced 50 cents to $28, with 23,422 units changing hands and Sygnus Real Estate Finance shed $1.39 to close at $9.51 in an exchange of 1,000 stocks.
Jamaica Public Service 7% fell $22.52 in closing at $68, with 1,526 units crossing the market. JMMB Group 7.15% – 2028 dropped 45 cents to close at $2.47 while exchanging 60,000 stock units and Productive Business Solutions 9.75% preference share declined $4 to close at $100 with an exchange of 89 shares.
Overall, 122,385 shares were traded for US$18,559 compared with 1,042,369 units at US$14,647 on Wednesday.
Proven Investments remained at 17 US cents after transferring 2,340 stock units. Sterling Investments ended at 1.9 US cents after exchanging 31,455 stocks, Sygnus Credit Investments dipped 0.38 of a cent to 9.04 US cents after an exchange of 8,600 shares and Transjamaican Highway dipped 0.11 of a cent to close at 1.1 US cents 66,413 stocks changing hands.
A total of 1,042,369 shares were exchanged for US$14,647 compared to 41,840 units at US$1,885 on Tuesday.
Sygnus Credit Investments rose 0.36 of one cent to end at 9.42 US cents and closed trading with 157 stock units changing hands and Transjamaican Highway gained 0.09 of a cent to end at 1.21 US cents after a transfer of 1,000,871 stocks.
A total of 6,353,061 shares were traded for $48,244,526 down from 25,780,894 units at $362,794,152 on Tuesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded stock prices and earnings forecasted ICInsider.com for companies with the financial year ending between November 2022 and August 2023. Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
Jamaica Stock Exchange climbed 65 cents to $13.95 with the swapping of 231 stock units, Mayberry Investments shed 45 cents to close at $7.50 in trading 43,199 units. 138 Student Living increased 30 cents to $5.40 with an exchange of 4,238 stock units, Pan Jamaica Group dropped $2.33 to $54.10, with 1,656 stocks crossing the market, Proven Investments popped $1.80 to close at $27.30 with a transfer of 2,178 shares. Sagicor Group dropped $1.50 to $50.50 after 43,226 stock units crossed the market, Scotia Group declined 70 cents in closing at $34.10 after an exchange of 75,093 units, Seprod rose $6.61 and ended at $71.62 after 3,322 shares were exchanged. Stanley Motta rallied 75 cents to $5.56 after a transfer of 20,752 stocks and Sygnus Real Estate Finance advanced 70 cents in closing at $10.90 in an exchange of 2,801 shares.
In the preference segment, Jamaica Public Service 7% lost $18.48 to end at $90.52 in switching ownership of 624 units and Productive Business Solutions 9.75%preference share rose $9 to close at $104 after exchanging 2 stocks.
All of 25,780,894 shares were traded for $362,794,152 versus 22,921,329 units at $44,514,498 on Monday.
The All Jamaican Composite Index fell 6,576.29 points to finish at 373,543.17, the JSE Main Index dropped 5,785.97 points to close at 334,626.31 and the JSE Financial Index dipped 0.37 points to 77.41.
Jamaica Producers declined $1.47 to $20.51 with an exchange of 61,044 units, Jamaica Stock Exchange fell 98 cents to $13.30 with 45,574 stocks crossing the market. JMMB Group shed $1.42 to end at $30 after an exchange of 47,384 shares, Kingston Wharves dipped 75 cents to end at $33 with 189 stock units clearing the market, Massy Holdings lost 50 cents to end at $89.50 with a transfer of 202 stock units. Pan Jamaica Group advanced $4.43 to $56.43 in trading 19,440 stocks, Seprod dropped $9 to end at $65.01 with the swapping of 17,786 units, Stanley Motta lost 74 cents to close at $4.81 with 100,101 shares crossing the market. Supreme Ventures lost 35 cents in closing at $27.75 with 73,409 stock units changing hands and Sygnus Real Estate Finance shed $1.59 to end at $10.20 after swapping 3,022 units.
Eppley 7.50% preference share lost 69 cents to close at $6.90 in switching ownership of 2,754 stocks, Jamaica Public Service 7% dropped $20 after ending at $109 with 2,248 shares crossing the exchange and 138 Student Living preference share rose $9.50 in closing at a 52 weeks’ high of $104.50 in a transfer of 2 stocks.
A total of 41,840 shares were traded for US$1,885 compared with 194,605 units at US$3,511 on Monday.
Productive Business Solutions dropped 14.99 cents to close at US$1.75, with one stock trading. Proven Investments fell 0.96 cents to 16.44 US cents in an exchange of 5,606 stock units, Sterling Investments fell 0.28 of a cent to end at 1.61 US cents in swapping 25,175 stocks, Sygnus Credit Investments increased by 0.01 of a cent in closing at 9.06 US cents after investors ended trading 1,123 stock units. Sygnus Real Estate Finance USD share lost 1.82 cents to close at 10.34 US cents after a transfer of 518 units and Transjamaican Highway gained 0.01 of a cent in ending at 1.12 US cents with investors transferring 8,531 shares.