Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the market closing at the lowest point since September 2018, even as the volume of stocks traded rose by 83 percent with a marginally higher value than on Friday, with investors dealing in 55 securities similar to that on Friday, with prices of 13 rising, 28 declining and 14 ending unchanged.
A total of 12,642,427 shares were exchanged for $81,389,720 versus 6,908,564 units at $81,081,310 on Friday.
Trading averaged 229,862 shares at $1,479,813 compared with 125,610 shares at $1,474,206 on Friday and month to date, an average of 231,797 units at $3,030,966, versus 231,941 units at $3,146,566 on the previous day. Trading in February ended with an average of 183,599 units at $2,160,070.
Wigton Windfarm led trading with 3.62 million shares for 28.6 percent of total volume, followed by Sagicor Select Financial Fund with 2.68 million units for 21.2 percent of the day’s trade, Jamaica Stock Exchange, 1.16 million units for 9.2 percent of the market, Sagicor Select Manufacturing & Distribution Fund with 1.16 million units for 9.1 percent of stocks traded and JMMB Group 7.35% – due 2028 with 1.06 million units for 8.4 percent market share.
The All Jamaican Composite Index dropped 3,422.66 points to 364,710.11, the JSE Main Index declined 2,021.79 points to 323,439.81 and the JSE Financial Index shed 0.66 points to end at 75.65.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 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.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments lost $1 to close at $79 after 109,758 shares were traded, Eppley fell $4 to $32, with 1,000 stocks changing hands, Eppley Caribbean Property Fund rallied $4.59 in ending at $44.99, with 4,558 stock units crossing the market. GraceKennedy shed $2 in closing at $78 in switching ownership of 119,969 units, Guardian Holdings popped $10 to end at $490 with the swapping of 1,823 shares, Jamaica Stock Exchange declined $1 to close at $13 after 1,160,007 units crossed the exchange. JMMB Group dipped 48 cents to $29.52 with investors transferring 42,247 stocks, Kingston Wharves rallied $3.68 to $34.48 after 15,306 stock units passed through the market, Margaritaville climbed $1.24 in closing at $17.64 as investors exchanged 300 shares.
Mayberry Investments dropped $1 to $7.80 after an exchange of 430,294 stocks, NCB Financial dipped $2.31 to a 52 weeks’ low of $69.69 in an exchange of 49,530 units, PanJam Investment rose $2.50 to close at $56.50 in trading 57,273 stock units. Proven Investments advanced 51 cents to $26.51, with 2,510 stock units clearing the market, Scotia Group declined $1 to $34 in an exchange of 62,062 stocks, Seprod shed $1.39 in ending at $62.01, with 11,256 shares crossing the market. Sterling Investments lost 41 cents to end at $2.55 with a transfer of 65,854 units, Supreme Ventures dipped 88 cents in closing at $25 while exchanging 156,110 stocks and Wisynco Group fell 40 cents to close at $17 with an exchange of 28,984 stock units.
In the preference segment, Jamaica Public Service 7% lost $21.51, ending at $200 after a transfer of just three units and 138 Student Living s preference share dropped $7.43 to $70, trading three shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp rebound for JSE USD Market
The volume of stocks changing hands declined by 48 percent with a 65 percent higher value than on Monday on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in trading eight securities, compared to 11 on Monday with five rising, one declining and two ending unchanged.
Overall, 45,731 shares were traded for US$80,169 compared with 88,737 units at US$48,455 on Monday.
Trading averaged 5,716 shares at US$10,021 versus 8,067 units at US$4,405 on Monday, with a month to date average of 8,596 shares at US$3,377 compared with 8,935 units at US$2,596 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index jumped 33.43 points to end at 221.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.49 of a cent to 6.99 US cents, with 5 shares crossing the market, MPC Caribbean Clean Energy lost 3.17 cents in closing at 66.6 US cents with a transfer of 16 units,
Productive Business Solutions gained 45.8 cents to end at US$1.75 in an exchange of 15 stock units. Proven Investments popped 0.49 of a cent in ending at 18.99 US cents with investors transferring 150 stocks and Sterling Investments climbed 0.3 of a cent to close at 2 US cents in switching ownership of 750 stock units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.64 trading 5 stocks. JMMB Group 5.75% ended at US$2 as investors exchanged 34,790 shares and JMMB Group 6% advanced 5 cents to end at US$1.05 with an exchange of 10,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall in JSE USD market n Monday
Trading on the Jamaica Stock Exchange US dollar market ended on Monday with a major drop in the market index following trading in 11 securities, compared to six on Friday and finished with one rising, nine declining and one ending unchanged as the volume of stocks changed hands just inched than trading on Friday but with the valued being 4,247 percent more than Friday.
Investors traded 88,737 shares at US$48,455 compared to 86,809 units at US$1,115 on Friday.
Trading averaged 8,067 shares at US$4,405 versus 14,468 shares at US$186 on Friday, with a month to date average of 8,935 shares at US$2,596 compared with 9,103 units at US$2,247 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index plunged 21.45 points to end at 188 34.
The PE Ratio, a measure used in computing appropriate stock values averages 9.1. The PE ratio is computed based on the last traded price of each stock divided by ICInsider.com projected earnings done for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share dropped 0.5 of a cent in ending at 6.5 US cents as investors exchanged 5,200 shares, Margaritaville declined 0.5 of a cent to end at 11 US cents after an exchange of 24 stock units, Productive Business Solutions shed 22.8 cents to US$1.292 with the swapping of 5,079 units. Proven Investments remained at 18.5 US cents, with 1,373 stocks changing hands,
Sterling Investments fell 0.3 of a cent in closing at 1.7 US cents in switching ownership of 9,140 units, Sygnus Credit Investments USD share dipped 0.29 of a cent to 9.51 US cents with a transfer of 12,940 stocks. Sygnus Real Estate Finance USD share lost 1.27 cents in closing at a 52 weeks’ low of 7.18 US cents after 195 stock units passed through the market and Transjamaican Highway lost 0.04 of a cent to 0.9 of one US cent after trading 30,081 shares.
In the preference segment, Eppley 6% preference share advanced 16.12 cents in ending at a 52 weeks’ high of US$1.3112 as 155 stock units passed through the market, JMMB Group 5.75% dipped 1 cent to close at US$2 with an exchange of 14,850 stocks and JMMB Group 6% declined 7 cents to close at US$1 with investors transferring 9,700 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jump in stocks traded on the JSE USD Market
Trading surged on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands rising 1,675 percent but valued 70 percent less than on Thursday, resulting in trading of six securities, compared to nine on Thursday with two rising, one declining and three ending unchanged.
Investors exchanged 86,809 shares for US$1,115 compared with 4,892 units at US$3,727 on Thursday.
Trading averaged 14,468 units at US$186 versus 544 shares at US$414 on Thursday, with a month to date average of 9,103 shares at US$2,247 compared with 8,472 units at US$2,489 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index dropped 14.58 points to end at 209.79. The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasted by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, MPC Caribbean Clean Energy rallied 3.17 cents to 69.77 US cents in an exchange of 4 shares, Productive Business Solutions fell 28 cents to US$1.52, with ten units crossing the market,
Proven Investments remained at 18.5 US cents in an exchange of 770 stock units. Sterling Investments ended at 2 US cents with the swapping of 3,723 stocks and Transjamaican Highway increased 0.04 cents in ending at 0.94 of one US cent while exchanging 82,202 stock units.
In the preference segment, JMMB Group 6% remained at US$1.07 with a transfer of 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
after trading in 55 securities up from 50 on Thursday and ended with prices of 14 rising, 21 declining and 20 unchanged.
The All Jamaican Composite Index dipped 2,977.64 points to close at 368,132.77, the JSE Main Index declined 2,484.15 points to close at 325,461.60 and the JSE Financial Index shed 0.61 points to end at 76.31.
Jamaica Broilers rose 49 cents to end at $33.50 in switching ownership of 446,715 stock units, Jamaica Producers shed $2.24 to close at $20.25 in an exchange of 64,697 stocks, JMMB Group dropped $1 to close at $30 in trading 187,664 shares. Mayberry Jamaican Equities popped 97 cents to $12.97 as 22,000 stock units passed through the market, NCB Financial gained 50 cents to end at $72 after an exchange of 215,558 units, 138 Student Living increased 49 cents in closing at $5.50 with a transfer of 888 stocks. PanJam Investment fell $2.79 to $54 in an exchange of 2,774 stock units, Sagicor Group lost $2.90 to close at $47, with 261,239 units crossing the market, Seprod fell $4.57 to $63.40, with 7,759 shares changing hands and Wisynco Group rallied 40 cents to end at $17.40 after exchanging 30,667 stocks.
In the preference segment, Jamaica Public Service 7% surged $46.28 in closing 26 percent higher to record high of $221.51 with investors exchanging 7,599 stock units.
A total of 3,815,209 shares were exchanged for $42,492,694 versus 34,822,128 units at $269,703,535 on Wednesday.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.4 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.
PanJam Investment rallied $1.79 to end at $56.79 after investors exchanged 41,158 units, Portland JSX advanced $1 in closing at $11.50 after a transfer of 5 shares, Proven Investments lost 59 cents to close at $26 in trading 30,700 shares. Sagicor Group increased $1.15 to $49.90 with 1,931 units changing hands, Seprod climbed $2.97 to close at $67.97 as investors exchanged 3,420 stock units, Supreme Ventures gained 89 cents to end at $25.88 in switching ownership of 168,670 stocks and Wisynco Group declined 45 cents ending at $17 with a transfer of 25,835 stock units.
In the preference segment, Jamaica Public Service 7% popped $34.50 in closing at yet another record high of $175.23 with just 46 units clearing the market.
A total of 34,822,128 shares were traded for $269,703,535 up sharply from 8,135,336 units at $45,729,948 on Tuesday.
The All Jamaican Composite Index slipped 558.16 points to 370,613.84, the JSE Main Index lost 341.03 points at 327,641.90 and the JSE Financial Index dropped 0.09 points to finish at 76.75.
Guardian Holdings gained $25.50 to close at $509.50 in switching ownership of 21 units, JMMB Group dropped 49 cents to close at $31, with 298,216 stock units crossing the market. Wharves rose 95 cents to $32 after 6,199 stocks were exchanged, Mayberry Jamaican Equities lost 98 cents to end at $12, with 4,200 shares changing hands, Palace Amusement popped 52 cents to $3.80 with an exchange of 186,662 stock units. PanJam Investment shed $1.50 to end at $55 after trading 81,003 units, Portland JSX popped 91 cents to end at $10.50 with investors transferring 74 shares, Seprod increased 50 cents to $65 in an exchange of 3,046 stocks and Supreme Ventures advanced 99 cents in ending at $24.99 as 88,209 shares passed through the market.
In the preference segment, Productive Business 10.50% preference share climbed $30 to $1200 with 100 units clearing the market, Jamaica Public Service 7% popped $34.74 to close at a new record high of $140.73 in trading 705 stock units and Productive Business Solutions 9.75% preference share increased $16.90 ending at $107 with a transfer of 10 stocks.
Investors traded 8,135,336 shares for $45,729,948, down from 10,369,191 units at $197,162,179 on Monday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios incorporate ICInsider.com forecasted earnings for companies with the financial year ending between November 2022 and August 2023.
MPC Caribbean Clean Energy dropped $19 after ending at $71 with a transfer of 104 shares, NCB Financial dipped $1.95 to $71.05 after trading 16,340 units, 138 Student Living gained 42 cents in closing at $5.44 in switching ownership of 83 stocks. Portland JSX fell $1.69 to $9.59 after 31,902 shares passed through the market, Sagicor Group shed 99 cents in closing at $49.01 with an exchange of 6,622 stock units, Scotia Group lost 47 cents to finish at $34.52 trading 4,694 units. Seprod rose $1.20 to end at $64.50 with 34,213 stocks changing hands and Wisynco Group popped 47 cents to $17.50 after transferring 9,584 units.
In the preference segment,Jamaica Public Service 7% rallied $6.04 to close at $105.99 with the swapping of 6 stock units.
A total of 10,369,191 shares were exchanged for $197,162,179 versus 10,856,108 units at $73,363,572 on Friday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 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.
Palace Amusement gained 61 cents to finish at $3.60 after 401,456 stock units were traded. Portland JSX advanced $1.47 to $11.28 with 10 units changing hands, Proven Investments fell $1.97 in closing at $26.59 in an exchange of 5,496 stocks, Salada Foods popped 46 cents to end at $3.99 with the swapping of 136 shares. Seprod rallied 65 cents to close at $63.30 with an exchange of 17,417 stock units, Stanley Motta lost 49 cents while ending at $4.80 with 13,794 stocks clearing the market, Wisynco Group shed 97 cents to end at $17.03 after an exchange of 51,065 units.
at $1,170 with 110 shares switching ownership of 409 units and Jamaica Public Service 7% climbed $21.45 in closing at a record $99.95 after trading 3,230 stock units.
A total of 10,856,108 shares were exchanged for $73,363,572 down from 17,712,923 units at $93,659,946 on Thursday.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasts by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Mayberry Jamaican Equities shed 64 cents to end at $12 in switching ownership of 513,273 units, MPC Caribbean Clean Energy rallied $9 to end at $90 after trading 12 shares, NCB Financial popped $1.95 to $72 with a transfer of 15,018 stock units. Palace Amusement gained 49 cents in closing at $2.99 after clearing the market with 161,399 shares and Supreme Ventures lost 45 cents after ending at $24.05 as investors exchanged 27,819 units.
Jamaica Public Service 7% advanced $15.88 to end at a record $78.50 with the swapping of 373 stock units, 138 Student Living preference share advanced $7.44 to $77.44 after a transfer of 2 shares and Productive Business Solutions 9.75% preference share dipped $15.90 in ending at $90.10 after an exchange of 20 stocks.