Market activity ended on Wednesday on the Jamaica Stock Exchange Main Market with the volume of stocks traded declining 13 percent with a 54 percent lower value than on Tuesday and ended with 4 stocks declining for every 3 rising after 8,303,766 shares were exchanged for $47,547,654 versus 9,560,292 units at $102,831,242 on Tuesday.
The All Jamaican Composite Index fell 332.58 points to 437,611.11, the JSE Main Index slipped 219.82 to 383,330.79 and the JSE Financial Index popped 0.15 points to 91.39.
Trading ended with 52 securities compared to 55 on Tuesday, with 18 rising, 24 declining and 10 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 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.
Trading on Wednesday averages 159,688 units at $914,378 compared to 173,823 shares at $1,869,659 on Tuesday and month to date, an average of 254,965 units at $3,126,148, compared to 264,006 units at $3,336,024 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Wigton Windfarm led trading with 2.38 million shares for 28.7 percent of total volume followed by Sagicor Select Financial Fund with 1.95 million units for 23.4 percent of the day’s trade and Transjamaican Highway with 1.06 million units for 12.8 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and five stocks with lower offers.
At the close, Berger Paints shed $1 to end at $11 after trading 25,240 shares, Caribbean Cement declined $3.79 to $61.01 in trading 19,460 units, Caribbean Producers rallied 80 cents to $14.50, with 85,170 stocks changing hands. Eppley dropped $5.95 to $40 after exchanging 203 stock units, GraceKennedy climbed $1.25 to close at $107 after 79,803 units crossed the market, Guardian Holdings lost $3.98 to end at $506.12 in an exchange of 845 shares. Jamaica Broilers increased 44 cents to $26.49 with an exchange of 6,807 stock units, Kingston Wharves rose $2.05 to close at $39 while trading 1,477 stocks, Mayberry Jamaican Equities fell $2.10 in closing at $13 with 259,339 units changing hands. MPC Caribbean Clean Energy advanced $12.94 in ending at $107.95 after trading 10 shares, 138 Student Living declined 30 cents in closing at $4.76 in exchanging 794 stock units, Palace Amusement lost $90 in ending at $820 with the swapping of 5 stocks. PanJam Investment popped 29 cents to $65.29 after exchanging 607 units, Portland JSX rallied $1.41 to close at $10.84 with 1,728 stocks clearing the market, Salada Foods fell 45 cents to end at $5.15 trading 7,136 shares.
Scotia Group dropped 33 cents ending at $37.03 after 30,234 stock units crossed the market, Seprod advanced 37 cents to end at $71.40 in switching ownership of 3,155 stocks, Sygnus Credit Investments popped 70 cents to $14.80 after trading 144,255 units. Sygnus Real Estate Finance shed $1.52 in closing at $14 with the swapping of 2,200 shares and Victoria Mutual Investments increased 25 cents to close at $5.57 with 36,803 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume up, prices down on JSE USD market
Trading picked up on Wednesday, with the volume of stocks traded rising 32 percent, with a more than doubling in the value that rose 120 percent more than on Tuesday, on the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising at the close.
A total of six securities traded, compared to five on Tuesday with two rising, four declining and no ending unchanged. The JSE US Denominated Equities Index fell 1.02 points to 217.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies with their financial year ending, up to August 2023.
Overall, 118,104 shares were traded, for US$34,212 up from 89,436 units at US$15,551 on Tuesday. Trading averaged 19,684 units at US$5,702, compared to 17,887 shares at US$3,110 on Tuesday, with month to date average of 89,891 shares at US$4,494 versus 95,583 units at US$4,396 on the previous day. May averaged 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share shed 0.4 of a cents to end at 7 US cents with the swapping of 28,483 shares, Proven Investments rallied 0.97 of one cent in ending at 25.99 US cents after trading 5,000 units, Sterling Investments advanced 0.25 of a cent to 2.17 US cents, as 250 stocks changed hands. Sygnus Credit Investments USD share declined 0.19 of a cent to close at 12.2 US cents while exchanging 275 stock units and Transjamaican Highway fell 0.07 of a cent in closing at 0.91 of one US cent in an exchange of 54,096 units.
In the preference segment, JMMB Group 6% lost 4 cents to close at US$1.01 after trading 30,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume climbs on JSE USD market Friday
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks traded rising 995 percent and the value jumping 1,406 percent more than on Thursday, resulting in a decline in the market index.
A total of six securities traded, compared to eight on Thursday, with one rising, two declining and three ending unchanged. The JSE US Denominated Equities Index slipped 0.06 points to end at 220.39.
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.
Overall, 247,506 shares traded, for US$57,518, up from 22,611 units at US$3,819 on Thursday.
Trading averaged 41,251 units at US$9,586, up from 2,826 shares at US$477 on Thursday, with a month to date average of 112,119 shares at US$4,929 versus 119,712 units at US$4,430 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 none with a lower offer.
At the close, First Rock Capital USD share rose 0.1 of a cent to 7.5 US cents with 5,313 shares clearing the market,
Margaritaville ended unchanged at 15 US cents in trading 10,006 stocks, Proven Investments lost 0.1 of one cent to end at 26 US cents in switching ownership of 210,953 units. Sterling Investments fell 0.2 of a cent to 2 US cents after exchanging 7,000 stock units, Sygnus Credit Investments USD share finished at 12.39 US cents while exchanging 1,990 stocks and Transjamaican Highway remained at 0.98 of one US cent after trading 12,244 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE US dollar market climbs
The Jamaica Stock Exchange US dollar market closed higher on Wednesday, with the volume of stocks traded dropping 98 percent, with a 90 percent slide in the value compared to Tuesday, with more stocks rising than falling at the close.
Seven securities traded, similar to Tuesday with three rising, two declining and two ending unchanged. The JSE US Denominated Equities Index gained 5.84 points to end at 221.96.
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.
Overall, 57,904 shares traded, for US$8,144 compared to 2,380,018 units at US$85,715 on Tuesday. Trading averaged 8,272 units at US$1,163, compared to 340,003 shares at US$12,245 on Tuesday, with a month to date average of 139,193 shares at US$5,089 versus 161,545 units at US$5,759 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 bids higher than the last selling prices and four with lower offers.
At the close, First Rock Capital USD share finished at 7.5 US cents after 2,085 shares were traded, Margaritaville ended unchanged at 15 US cents, with sis stock units changing hands, MPC Caribbean Clean Energy climbed 18 cents to US$1.38 with a mere one stock units. Proven Investments declined 0.48 cents in ending at 26.01 US cents, with 21,053 units crossing the market, Sterling Investments popped 0.2 of a cent to end at 2.2 US cents, with 9,900 shares clearing the market, Sygnus Credit Investments USD share rallied 1.19 cents in ending at 12.4 US cents, with an exchange of 17,237 stock units and Transjamaican Highway shed 0.01 of a cent to 0.99 of one US cent in exchanging 7,622 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with the All Jamaican Composite Index falling 2,221.13 points to 437,943.69, the JSE Main Index slipping 1,733.32 points to 383,550.61 and the JSE Financial Index declined 0.29 points to 91.24.
At the close, Caribbean Cement dropped $3.90 to $64.80 after trading 4,579 shares, Caribbean Producers shed 60 cents to end at $13.70 after an exchange of 135,144 units, Eppley Caribbean Property Fund lost 74 cents to end at $42.76, with 3,637 stocks crossing the exchange. Guardian Holdings fell $1.90 to $510.10 after trading 290 stock units, Jamaica Stock Exchange dropped 25 cents to close at $18.10 after exchanging 5,734 stock units, JMMB Group lost 99 cents in closing at $42.01 while trading 605,310 stocks. Key Insurance fell 35 cents to $3.83 in an exchange of 25,371 shares, Kingston Properties advanced 44 cents to $7.95, with 1,339 units crossing the market, Kingston Wharves dropped $2.05 in ending at $36.95 after exchanging 1,441 stock units. Margaritaville shed $2.10 to close at $20.50, with 4,000 units changing hands, Massy Holdings declined $1.49 in closing at $92.51 with 4,696 stocks clearing the market, Mayberry Investments rallied 90 cents to close at $11.40 with an exchange of 153,246 shares. Mayberry Jamaican Equities rose 40 cents to $15.10, with 1,105,805 units changing hands, 138 Student Living climbed 30 cents to $5.06 in trading 801 stock units, PanJam Investment dropped $1 to $65 in switching ownership of 9,327 stocks.
Portland JSX fell $1.37 to $9.43 with the swapping of 478 shares, Pulse Investments popped 39 cents in closing at $3.40 after trading 667,922 stock units, Salada Foods declined 40 cents to $5.60 after exchanging 8,385 shares on its long way back into the $4 range before too long. Seprod shed 96 cents to end at $71.03, with 27,430 stocks crossing the market, Stanley Motta lost 35 cents to $5.15 in trading 19,928 units, Sygnus Real Estate Finance gained $1.42 to close at $15.52, with 283 units clearing the market and Wisynco Group dropped 78 cents to end at $19 in an exchange of 489,872 stock units.
At the close, Barita Investments declined $1.41 to end at $86.99, with 213,628 shares crossing the exchange, Berger Paints rallied $1 to close at $12 with an exchange of 11,736 stock units, Caribbean Cement shed $1.30 to $68.70 with the swapping of 25,573 stocks. Eppley jumped $7.90 in closing at $46 after trading two units, First Rock Capital gained $1.07 in ending at $13.07 and finishing trading with 6,954 units, Guardian Holdings fell $25 to close at $512 in switching ownership of 34 stocks. Jamaica Broilers dropped $1.49 in closing at $26 trading 73,934 stock units, Jamaica Producers lost 95 cents to end at $21.27 in an exchange of 1,736 shares, Jamaica Stock Exchange fell $1.60 to $18.35, with 4,545 stocks crossing the market. JMMB Group popped $1 in ending at $43 after an exchange of 149,358 stock units, Kingston Properties shed 40 cents to close at $7.51 while trading 15,395 shares, Massy Holdings advanced $1.50 to $94 after 47,901 units changed hands. Mayberry Investments climbed $1.50 to $10.50 with 532,238 stock units clearing the market, Mayberry Jamaican Equities declined 29 cents to $14.70, with 35,083 units crossing the market, MPC Caribbean Clean Energy lost $12.94 in closing at $95.01 after exchanging 10,624 shares. 138 Student Living dropped 43 cents in closing at $4.76, with 3,271 stocks changing hands, Palace Amusement dropped $78 to $910 in an exchange of 19 units, PanJam Investment rose 50 cents to $66 in exchanging 22 shares.
Pulse Investments declined 59 cents to close at a 52 weeks’ low of $3.01 with 621,901 stocks changing hands, Sagicor Group rallied 90 cents to end at $56.90 in an exchange of 5,878 stock units, Scotia Group advanced $1.46 to close at $37.50 after exchanging 18,617 units. Stanley Motta climbed 40 cents in closing at $5.50 with the swapping of 3,590 shares and Supreme Ventures shed $1 to end at $29, with 113,240 stock units changing hands.
The All Jamaican Composite Index shed 510.21 points to settle at 440,209.56, the JSE Main Index gained 102.53 points to close at 386,530.90 and the JSE Financial Index declined 0.06 points to settle at 91.75. Trading ended with 56 securities compared to 54 on Thursday, with 17 rising, 21 falling and 18 ending unchanged.
JMMB Group 7.35% preference share due 2028 led trading with 27.48 million shares for 80.7 percent of total volume, followed by Jamaica Broilers with 1.1 million units for 3.2 percent of Friday’s trade and Transjamaican Highway with 970,028 units for 2.9 percent market share.
Massy Holdings dropped $1.50 to $92.50 with 266 units changing hands, Mayberry Investments shed $1.06 to close at $9 in exchanging 254,204 shares, NCB Financial lost $2 in closing at $101 in an exchange of 106,486 stock units. PanJam Investment rose $1 to $65.50 after trading 8,419 stocks, Proven Investments declined 77 cents to end at $37.05 after 13,981 stocks passed through the market, Sagicor Group fell 90 cents in closing at $56 with the swapping of 81,399 units. Stanley Motta fell 40 cents to close at $5.10 in trading 8,000 shares and Supreme Ventures dropped 25 cents to $30 after exchanging 75,133 stock units.
Trading ended with 54 securities down from 56 on Wednesday, with 20 rising, 22 declining, and 12 remaining unchanged. The All Jamaican Composite Index dropped 2,384.19 points to 440,719.77, the JSE Main Index lost 543.36 points to close at 387,606.85 and the JSE Financial Index climbed 0.06 points to settle at 91.81.
At the close, Barita Investments gained 40 cents to close at $88.40, with 13,879 shares crossing the market, Caribbean Cement dropped $11.60 in ending at $61 after trading 53,771 stocks, Eppley Caribbean Property Fund popped $1 to end at $45, with 5,633 units changing hands. GraceKennedy fell $2.50 in closing at $105 in trading 497,646 stock units, Guardian Holdings lost $1 to close at $511 in exchanging 39 stock units, Jamaica Broilers climbed 91 cents to end at $27.98, with 10,735 stocks crossing the market. Jamaica Producers dropped 40 cents to close at $22.30 with the swapping of 2,245 units, Jamaica Stock Exchange shed 60 cents to $18 and closed with 10,640 shares changing hands, Kingston Properties rallied 42 cents to $7.91 after exchanging 343 stocks. Kingston Wharves shed $2.49 in closing at $36.50 while trading 5,394 units, Massy Holdings advanced $1.25 to $94 with 76,770 shares clearing the market, Mayberry Investments declined 34 cents to close at $10.06 with an exchange of 4,460 stock units. Mayberry Jamaican Equities rose $1.22 to $15.22 in exchanging 6,283 shares, NCB Financial increased $2.01 in closing at $103 in switching ownership of 47,734 units, Portland JSX gained $1.37 to end at $10.80 in an exchange of 1,142,163 stocks.
Proven Investments popped 77 cents in, ending at $37.82, with 9,842 stock units crossing the exchange, Sagicor Group rallied 90 cents to close at $56.90 after trading 46,587 shares, Scotia Group fell $1.12 in closing at $36.03 with an exchange of 23,712 stock units. Supreme Ventures slipped 25 cents to $30.25, trading 40,907 units and Sygnus Real Estate Finance dropped $1.52 to end at $14 after exchanging 173 stocks.
The All Jamaican Composite Index climbed 4,841.97 points to 443,103.96, the JSE Main Index popped 4,026.85 points to end at 388,150.21 and the JSE Financial Index rose 1.42 points to settle at 91.75.
Productive Business Solutions 9.75% Preference share led trading with 3.62 million shares for 27.7 percent of total volume, followed by JMMB Group 7.35% – 2028 preference share, 2.5 million units for 18.1 percent of total trading, Transjamaican Highway closed with 1.69 million units for 12.9 percent market share and Supreme Ventures, 1.21 million units for 9.3 percent of the day’s trade.
MPC Caribbean Clean Energy rallied $2.95 in closing at $107.95 after exchanging 11 units, PanJam Investment dropped $1.50 to $64.50, trading 15,265 stock units, Portland JSX climbed $2.93 to $9.43 while exchanging 350 shares. Proven Investments fell 40 cents in closing at $37.05 in an exchange of 6,885 stocks, Sagicor Group lost $1 to $56, with 121,771 stocks changing hands, Scotia Group gained $1.14 to close at $37.15, with 60,571 stock units crossing the market. Seprod rose 98 cents to end at $72 in exchanging 29,674 units, Stanley Motta declined 45 cents ending at $5.50 in switching ownership of 2,067 shares and Wisynco Group fell 40 cents in closing at $19.50, clearing the market with 46,343 stock units.
The All Jamaican Composite Index lost 4,175.98 points to close at 438,261.99, the JSE Main Index dropped 4,103.95 points to 384,123.36 and the JSE Financial Index fell 1.26 points to settle at 90.33.
Transjamaican Highway led trading with 2.27 million shares for 25.6 percent of total volume, followed by Wigton Windfarm with 1.68 million units for 18.9 percent of the day’s trade and Mayberry Jamaican Equities with 798,271 units for 9 percent of market share.
Mayberry Investments dropped 50 cents in ending at $9.45 with an exchange of 39,766 units. NCB Financial fell 50 cents to end at $101 with the trading of 77,865 shares, Palace Amusement dropped $2 in ending at $988 after an exchange of just one stock, Portland JSX declined $2.06 to end at $6.50 after the exchange of 1,055 stock units. Proven Investments lost 36 cents to end at $37.45 as 232,629 units changed hands, Sagicor Group gained $3.23 in closing at $57 in switching ownership of 167,268 shares and Seprod shed 48 cents to close at $71.02 with 11,725 stocks clearing the market.