Trading picks up for JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of shares changing hands rising 38 percent above that on Wednesday after funds passing through the market fell 42 percent and resulted in an even number of stocks rising than falling.
Compared to five on Wednesday, 10 securities were traded, with three rising, three declining and four ending unchanged. The JSE US Denominated Equities Index rallied 6.94 points to end at 223.52, up 14 percent for the year to date.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.7 uses ICInsider.com earnings forecasts for companies with financial years ending in August 2023.
Overall,1,319,482 shares traded, for US$45,994 versus 955,092 units at US$79,200 on Wednesday. Trading averaged 131,948 units at US$4,599, down from 191,018 shares at US$15,840 on Wednesday, with the month to date averaging 110,511 shares at US$4,707 compared to 103,366 units at US$4,743 on the previous day. March ended with an average of 59,258 units for US$6,669.
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 Capital USD share declined 0.35 of a cent in ending at 7.6 US cents after trading 30,005 shares, Margaritaville ended at 16 US cents while exchanging 270 stock units, Productive Business Solutions increased 13.5 cents in closing at US$1.19 after exchanging 134 units. Proven Investments dropped 0.94 of a cent to close at 26 US cents, with 1,058 stocks crossing the exchange, Sterling Investments gained 0.15 of a cent to end at 2.15 US cents in trading 824 shares, Sygnus Credit Investments USD share remained at 12.95 US cents with an exchange of 250,400 stocks. Transjamaican Highway climbed 0.14 of a cent in ending at a 52 weeks’ high of 1.1 US cents with 1,036,531 stock units clearing the market.
In the preference segment, Equityline Mortgage Investment preference share fell 1.9 cents to US$1.98 in trading 101 units, JMMB Group 5.75% finished at US$2.03 after 70 stocks crossed the market and JMMB Group 6% ended at 99.02 US cents in switching ownership of 89 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid gains for JSE Main Market

The Jamaica Stock Exchange Main Market made solid gains in trading on Thursday, with the volume of shares trading rising 48 percent over Wednesday after funds flowing through the market fell modestly on a day when prices ended with nearly twice as many stocks falling as rising. 
The All Jamaican Composite Index surged 4,390.35 points to 453,858.73, the JSE Main Index jumped 3,266.12 points to end at 399,282.06. The JSE Financial Index popped 0.47 points to settle at 95.13.
On Wednesday, trading ended with 56 securities compared to 54, with 13 rising, 25 declining, and 18 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
A total of 31,300,525 shares were traded for $141,657,125 versus 21,128,299 units at $143,846,313 on Wednesday. Transjamaican Highway led trading with 9.86 million shares for 31.5 percent of total volume as the stock traded at a record high of $1.78 but finished down at $1.74, for a closing record high. Wigton Windfarm ended  trading 6.96 million units for 22.2 percent of the day’s trade. Pulse Investments ended with 5.99 million units for 19.1 percent market share, while Sagicor Select Financial Fund traded 3.09 million units with 9.9 percent market share.
Trading for the day averaged 558,938 shares at $2,529,592, compared to 391,265 units at $2,663,821 on Wednesday and month to date, an average of 714,323 units at $6,007,688 down from 752,826 units at $6,869,517 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
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 of trading, Caribbean Cement declined 98 cents to $72.02 while exchanging 4,431 shares, Caribbean Producers rallied 88 cents to $18.78 after trading 417,301 stock units, Jamaica Broilers climbed $1.88 to $28.88, with 82,692 stocks clearing the market. Jamaica Stock Exchange rose $1.47 in closing at a 52 weeks’ high of $21.97 after trading 202,238 units, JMMB Group lost $1.20 to end at $49.50, with 159,692 stock units crossing the market, Kingston Properties fell 80 cents to $8.20 in trading 29,256 stocks. Mayberry Jamaican Equities dropped 73 cents to close at $9.20 with the swapping of 10,221 shares, MPC Caribbean Clean Energy shed $3.75 in closing at $98, with 750 units crossing the market, Palace Amusement shed $20 to end at $976 in switching ownership of three units. Sagicor Group fell 46 cents to $57 in an exchange of 13,595 stocks, Scotia Group lost $1.95 to close at $35.70 with an exchange of 41,510 stock units, Seprod dropped 90 cents in ending at $61.90 after 5,229 shares changed hands. Supreme Ventures declined $1 in closing at $25 after exchanging 452,575 units and Wisynco Group popped 68 cents to a 52 weeks’ closing high of $21.68, with 113,372 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big Gains for JSE Main Market

Market activity ended on Wednesday, on the Jamaica Stock Exchange Main Market, with the volume of shares trading declining 83 percent and the value plunging 87 percent below Tuesday’s levels but ending with rising stocks exceeding those declining by a ratio of two to one.
The All Jamaican Composite Index increased 5,549.32 points to settle at 449,468.38, the JSE Main Index rose 3,609.16 points to end at 396,015.94 and the JSE Financial Index rose 0.53 points to settle at 94.66.
Trading ended with 54 securities down from 58 on Tuesday, with 32 rising, 16 declining and six ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.1. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 21,128,299 shares traded for $143,846,313 down from 122,573,847 units at $1,079,970,954 on Tuesday. Transjamaican Highway led trading with 6.28 million shares for 29.7 percent of total volume followed by Wigton Windfarm with 5.35 million units for 25.3 percent of the day’s trade, Pulse Investments, 3.64 million units for 17.2 percent market share and Sagicor Select Financial Fund ended with 1.08 million units changing hands for 5.1 percent market share.
Trading averages 391,265 units at $2,663,821, compared to 2,113,342 shares at $18,620,189 on Tuesday and month to date, an average of 752,826 units at $6,869,517, compared to 866,339 units at $8,189,911 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints advanced $1.15 in closing at $12.17, with 27,094 shares changing hands, Caribbean Cement gained 50 cents to end at $73 with the swapping of 4,998 stock units, Caribbean Producers popped $2.27 to close at $17.90 in switching ownership of 287,731 units. Eppley increased by $3.50 to $42.50, with 779 stocks clearing the market, Eppley Caribbean Property Fund rallied $2.94 to $46.99, with 1,154 units crossing the market, First Rock Capital climbed 40 cents to $11.95, with 9,563 stock units crossing the market. GraceKennedy rose $1.40 to close at $105.40 in trading 316,548 shares, Guardian Holdings declined $8.98 to end at $540 after exchanging 1,449 stocks, Jamaica Broilers shed $1.71 in closing at $27, with 36,405 stock units crossing the exchange. Jamaica Producers fell 60 cents ending at $23 after trading 21,613 units, Jamaica Stock Exchange rallied $1.50 to $20.50 while exchanging 142,989 shares, JMMB Group lost $3.30 in ending at $50.70 with an exchange of 410,936 stocks. Key Insurance gained 40 cents to end at $4.70 after trading 2,309 shares, Kingston Properties dropped 35 cents to $9 in an exchange of 1,150 stocks, Kingston Wharves advanced $1 in closing at $42 in exchanging 8,642 units. Massy Holdings shed $1 to $100 in exchanging 25,236 stock units, Mayberry Investments fell 94 cents in closing at $6.51 after 9,486 stock units changed hands, Mayberry Jamaican Equities climbed 78 cents to close at $9.93 in an exchange of 222,201 units. Palace Amusement popped $16 to end at $996 in trading 101 shares, PanJam Investment dropped 55 cents after ending at $65.50 with an exchange of 13,817 stocks, Proven Investments rose $1.60 to $38, with 14,062 units changing hands. Pulse Investments increased 52 cents to end at $4.64, with 3,641,203 crossing the market shares, Sagicor Group rallied $3.46 in closing at $57.46, with 21,469 stock units clearing the market, Scotia Group increased $1.15 to close at $37.65 with the swapping of 49,050 stocks. Seprod popped $1.30 to $62.80 after an exchange of 32,016 shares, Supreme Ventures gained $3.38 ending at a 52 weeks’ high of $26 in trading 483,864 stocks, Sygnus Credit Investments rose 44 cents to $15.30 in exchanging 335,825 units. Sygnus Real Estate Finance declined 40 cents to end at $15.60 while trading 18,992 stock units and Wisynco Group climbed $1.01 to close at $21 in exchanging 426,350 units.
In the preference segment, 138 Student Living Preference share lost $3.40 in closing at $13.10 in switching ownership of 1,000 stocks, Eppley 5% preference share advanced 50 cents to close at $19, with 200 shares crossing the market and JMMB Group 7.25% preference share dropped 50 cents to $2.90 after trading 13,333 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage for JSE USD Market index

Trading on the Jamaica Stock Exchange US dollar market on Tuesday, ended with the volume of shares changing hands jumping  123 percent after  114 percent more funds chased stocks than was the case on Monday, resulting in more stocks rising than falling at the close.
A total of eight securities traded, compared to 11 on Monday with three rising, one declining and four ending unchanged with the JSE US Denominated Equities Index slipping 1.17 points to end at 208.95. At the close, 1,052,626 shares traded for US$36,044 up from 472,349 units at US$16,867 on Monday.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9 using ICInsider.com earnings forecasts for companies with current financial year ending, up to August 2023.
Trading averaged 131,578 units at US$4,506, compared to 42,941 shares at US$1,533 on Monday, with the month to date average of 85,835 shares at US$2,523 versus 64,309 units at US$1,591 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share ended at 7.9 US cents trading 26 shares, Margaritaville finished at 16 US cents, with just three stock units crossing the market, Proven Investments rallied 0.15 of a cent in ending at 25 US cents after exchanging 51,904 units. Sterling Investments ended unchanged at 2 US cents after 401,615 stocks changed hands, Sygnus Credit Investments USD share climbed 0.25 of a cent to close at 12.95 US cents while exchanging 71,465 units, Sygnus Real Estate Finance USD share dipped 1.96 cents to 13.04 US cents after trading 7,086 shares and Transjamaican Highway advanced 0.03 of a cent to 0.93 of a US cent in an exchange of 520,327 stocks.
In the preference segment, Equityline Mortgage Investments preference share remained at US$1.999 after an exchange of 200 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Another day of gains for JSE Main Market

Activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of shares trading surging 820 percent and the value 597 percent higher than on Monday as 122,573,847 shares were exchanged for $1,079,970,954 versus 13,325,302 units at $155,017,723 on Monday.
At close, the All Jamaican Composite Index advanced 1,252.31 points to close at 443,919.06, the JSE Main Index rallied 1,248.85 to 392,406.78 and the JSE Financial Index inched 0.17 points higher to settle at 94.13.
Trading ended with 58 securities compared to 56 on Monday, with 20 rising, 24 declining and 14 ending unchanged. Five stocks ended at 52 weeks’ closing high and one at an intraday high.
The PE Ratio, a formula for computing appropriate stock values, averages 14.7. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to August 2023.
The leading trades for the day are Mayberry Jamaican Equities, with 100.18 million shares for 81.7 percent of total volume, after it traded at an intraday high of $10.90, followed by Transjamaican Highway with 5.75 million units for 4.7 percent of the day’s trade, after trading at a 52 weeks’ high of $1.54. Wigton Windfarm traded 3.45 million units for 2.8 percent market share, Pulse Investments followed, with 2.56 million units for 2.1 percent market share, QWI Investments with 2.52 million units for 2.1 percent market share and Sagicor Select Financial Fund with 2.01 million units for 1.6 percent market share.
Trading averages 2,113,342 units at $18,620,189, compared to 237,952 shares at $2,768,174 on Monday and month to date, an average of 866,339 units at $8,189,911, compared to 231,899 shares at $2,883,278 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints fell $1.16 to close at $11.02 with the swapping of 1,020 shares, Caribbean Cement shed $2.58 in ending at $72.50, after trading 20,827 stock units, Caribbean Producers popped 63 cents in closing at $15.63 in exchanging 986,419 stocks. Eppley declined $3.50 to $39, with 535 units clearing the market, Eppley Caribbean Property Fund lost 45 cents to end at $44.05 with an exchange of 96 stocks, and First Rock Capital dropped 45 cents to end at $11.55 in trading 20,729 stock units. GraceKennedy gained 49 cents to end at $104 after trading 303,550 shares, Jamaica Stock Exchange increased 50 cents to close at a 52 weeks’ high of $19 in an exchange of 413,984 units after it traded as high as $21, JMMB Group rose $7.50 to a 52 weeks’ closing high of $54 after 351,182 stocks traded up to an intraday high of $61.24. NCB Financial dropped $3 to $110 in switching ownership of 72,323 shares, Palace Amusement shed $20 to close at $980 after exchanging three units, Proven Investments advanced 54 cents to end at $36.40 after trading 181,935 stock units. Sagicor Group fell $2 to $54 while exchanging 598,596 units, Seprod rallied $3.50 to $61.50, with 18,197 shares crossing the market, Supreme Ventures climbed $2.67 in closing at a 52 weeks’ high of $22.62 after 122,878 stock units crossed the market. Sygnus Real Estate Finance declined 30 cents in closing at $16, with 1,200 stocks changing hands and Wisynco Group advanced 99 cents to $19.99 in exchanging 434,282 stock units.
In the preference segment, JMMB Group 7.25% preference share increased 40 cents to $3.40 after exchanging 2,540 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main market rises on Monday

Market activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume and value of shares trading just slipping lower than on Friday, but rising stocks exceeded those declining by a three to one ratio.
The All Jamaican Composite Index rose 1,999.37 points to 442,666.75, the JSE Main Index climbed 1,384.40 to  391,157.93 and the JSE Financial Index gained 0.14 points to close at 93.96.
Trading ended with 56 securities compared to 58 on Friday, with 31 rising, 11 declining and 14  ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.6. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending in August 2022.
Overall, 13,325,302 shares were traded for $155,017,723 versus 13,111,195 units at $173,675,934 on Friday. Transjamaican Highway led trading with 2.79 million shares for 20.9 percent of total volume, followed by 138 Student Living with 2.28 million units for 17.1 percent of the day’s trade, Wigton Windfarm had 1.81 million units changing hands for 13.6 percent market share while JMMB Group ended trading 1.29 million units for 9.7 percent market share.
Trading averages 237,952 units at $2,768,174, compared to 226,055 shares at $2,994,413 on Friday and month to date, an average of 231,899 units at $2,883,278. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined 50 cents after ending at $90.50, with an exchange of 2,566 shares, Eppley gained $1.50 to close at $42.50, with 1,559 units crossing the exchange, First Rock Capital lost 50 cents in closing at $12 in exchanging 16,213 stock units. GraceKennedy climbed $1.50 to $103.51, with 79,531 stocks crossing the market, Guardian Holdings jumped $22.98 to end at $548.98 while exchanging 286 shares, Jamaica Broilers advanced $1.74 to end at $28.99 in trading 9,412 stock units. Jamaica Producers popped $1.74 to $23.75 after exchanging 16,889 units, Jamaica Stock Exchange dipped 30 cents to $18.50 after trading 7,172 stocks, JMMB Group rose 55 cents to finish at a 52 weeks’ closing high of $46.50 after exchanging 1,288,027 stocks. Kingston Properties rallied 78 cents in closing at $9.35 in an exchange of 60 stock units, Mayberry Investments climbed 38 cents to $7.50, trading 11,343 shares, Mayberry Jamaican Equities increased $1.20 to $9.30 with an exchange of 159,926 units. NCB Financial advanced $2.80 to end at $113 in switching ownership of 38,806 stocks, Portland JSX rallied $1 in closing at $11 with the swapping of 61 stock units, Pulse Investments popped 32 cents to close at $4.30, with 839,383 units crossing the market. Sagicor Group rose 80 cents in closing at $56, with 3,363 shares clearing the market, Seprod gained 50 cents in ending at $58, with 379,532 stocks changing hands, Supreme Ventures rallied 45 cents to close at $19.95 after 96,876 stock units crossed the market and Wisynco Group shed 85 cents to $19 in an exchange of 372,796 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market pulls back after month end rally

Market activity ended on Friday, with the volume of shares trading declining by 70 percent less compared to Thursday with a 55 percent lower value at the close of the Jamaica Stock Exchange Main Market and ended with rising stocks exceeding those declining.
The All Jamaican Composite Index lost 1,990.84 points to settle at 440,667.38, the JSE Main Index lost 2,207.57 points to end at 389,773.53 and the JSE Financial Index lost 0.63 points to settle at 93.82. Trading ended with 58 securities compared to 53 on Thursday, with 22 rising, 20 declining and 16 ending unchanged.
JMMB Group, 138 and Transjamaican Highway ordinary shares while Student Living preference share all ended at 52 weeks’ closing highs.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4 based on ICInsider.com earnings forecasts for companies with financial years ending in 2022 and up to August 2023.
Overall, 13,111,195 shares traded for $173,675,934 versus 44,141,890 units at $386,345,334 on Thursday. Transjamaican Highway led trading with 3.49 million shares for 26.6 percent of total volume followed by Sagicor Select Financial Fund with 2.01 million units for 15.3 percent of the day’s trade, Wigton Windfarm traded 1.25 million units for 9.5 percent market share and Seprod ended with 1.01 million units changing hands for 7.7 percent market share.
Trading averages 226,055 units at $2,994,413, compared to 832,866 shares at $7,289,535 on Thursday. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined $2.50 in closing at $91 in exchanging 196,248 shares, Eppley dropped 80 cents to close at $41 with the swapping of 2,259 stock units, Eppley Caribbean Property Fund lost $2.07 to end at $44.50 in an exchange of 1,270 units. First Rock Capital rallied 30 cents to $12.50, with 8,135 stocks clearing the market, GraceKennedy fell $1.99 after ending at $102.01 in switching ownership of 109,011 stocks, Guardian Holdings shed $24 to $526 after 1,547 units crossed the exchange. Jamaica Broilers lost $1.75 to end at $27.25 in exchanging 96,988 shares, Jamaica Producers increased 51 cents to $22.01 while exchanging 7,753 stock units, JMMB Group advanced 95 cents to close at 52 weeks’ high of $45.95 after exchanging 141,857 shares. Kingston Properties fell 93 cents in closing at $8.57, with 8,100 stocks crossing the market, Kingston Wharves popped $1 to close at $41, with 5,095 stock units changing hands, Margaritaville gained $3.64 to end at $25.64 in trading 11 units. Massy Holdings dropped $1 ending at $101, with 38,448 stocks crossing the market, Mayberry Investments climbed 62 cents in closing at $7.12 with an exchange of 10,059 units, MPC Caribbean Clean Energy rose $1.50 to $101.50 after trading 105 shares. NCB Financial shed $8.80 to end at $110.20 with 35,065 stock units changing hands, Palace Amusement popped $20 to close at $1000 in trading 4 units, PanJam Investment climbed $1.01 in ending at $66.01 after exchanging 9 shares. Portland JSX declined $1.50 to $10, with 1,000 stock units crossing the exchange, Proven Investments dropped 55 cents in closing at $35.75 with an exchange of 23,019 stocks, Pulse Investments fell 36 cents in ending at $3.98 with 700,893 shares clearing the market. Sagicor Group shed $2.30 to $55.20, with 251,459 stocks changing hands, Seprod declined $1.60 in closing at $57.50 while exchanging 1,012,623 stock units and Supreme Ventures advanced 35 cents to close at $19.50 with the swapping of 628,975 units.
In the preference segment, 138 Student Living Preference shares surged $3.02 to end at a 52 weeks’ high of $16.50 after 880 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Stocks rally into month end

Market activity ended on Thursday, with the volume of shares trading rising after trading 140 percent more and the value 123 percent higher than on Wednesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded were less than those declining.
The All Jamaican Composite Index gained 3,189.37 points to settle at 442,658.22, the JSE Main Index climbed 2,207.57 points to end at 391,231.96 and the JSE Financial Index increased 0.39 points to settle at 94.45.
Trading ended with 53 securities compared to 52 on Wednesday, with 26 rising, 13 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 17. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2022.
Overall, 44,141,890 shares were exchanged for $386,345,334 up from 18,362,000 units at $173,000,474 on Wednesday. Transjamaican Highway led trading with 14.58 million shares for 33 percent of total volume, followed by Radio Jamaica with 10.79 million units for 24.5 percent of the day’s trade, Pulse Investments with 5.81 million units for 13.2 percent market share, Wigton Windfarm ended with 4.97 million units for 11.3 percent market share and NCB Financial 1.05 million units for 2.4 percent market share.
Trading averages 832,866 units at $7,289,535, compared to 353,115 shares at $3,326,932 on Wednesday and month to date, an average of 610,787 units at $6,967,031, compared to 600,727 units at $6,952,422 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 18 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced 50 cents to end at $93.50, with 256,239 shares changing hands, Caribbean Cement rose 85 cents to $74.85 with 225,823 stock units clearing the market, Caribbean Producers climbed 40 cents in ending at $14.90 with the swapping of 65,196 units. Eppley Caribbean Property Fund rose $1.59 to close at $46.57 in exchanging 35,207 stocks, Guardian Holdings gained $5 in closing at $550 with 241 units crossing the market, Jamaica Broilers fell 43 cents to close at $29 crossing the exchange 130,463 stock units. Jamaica Producers shed $2.50 to $21.50 in an exchange of 41,816 stocks, Jamaica Stock Exchange popped 30 cents to $18.80, with an exchange of 49,241 shares, JMMB Group rallied $1 to end at $45 in switching ownership of 344,483 stocks. Massy Holdings climbed $1 in closing at $102 with 40,312 units changing hands, Mayberry Jamaican Equities increased 50 cents in closing at $8 after exchanging 49,600 shares, NCB Financial rose $4.50 to close at $119 with 1,048,784 stock units changing hands. PanJam Investment dropped $1.04 in ending at $65 after 205,860 stock units crossed the market, Proven Investments popped 68 cents to $36.30 trading 12,399 stocks, Salada Foods gained 35 cents to end at $6.45 in trading 17,255 shares. Scotia Group advanced $1.10 to $36.20 after trading 200,801 units and Seprod rallied 60 cents to end at $59.10 while exchanging 1,153 stocks units.
In the preference segment, Eppley 5% preference share declined 50 cents to $18.50 after an exchange of 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD trading surge ahead of month end

Trading surged on Wednesday on the Jamaica Stock Exchange US dollar market, with the volume of shares changing hands jumping 441 percent with the value 4,555 percent higher than on Tuesday, resulting in a bounce in the market index as rising stocks beat out those falling.
A total of 10 securities traded, compared to five on Tuesday, with five rising, three declining and two ending unchanged, leading the JSE US Denominated Equities Index to climb 4.66 points and land at 208.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years to the end of August 2022.
Overall, 1,260,940 shares traded, for US$271,991, up from 233,145 units at US$5,842 on Tuesday.
Trading averaged 126,094 units at US$27,199, compared to 46,629 shares at US$1,168 on Tuesday, with the month to date averaging 49,161 shares at US$5,788 versus 43,504 units at US$4,214 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share gained 0.7 of a cent in closing at 7.93 US cents, with 142,294 shares crossing the market, Margaritaville ended unchanged at 16 US cents trading 11 units, Productive Business Solutions advanced 1.69 cents to US$1.055, with 172 stocks changing hands. Proven Investments rose 1.48 cents to close at 24.8 US cents as investors grabbed 1,042,844 stock units, Sterling Investments lost 0.17 of a cent to 2 US cents in an exchange of 2,500 shares, Sygnus Credit Investments USD share climbed 0.59 of a cent to 12.7 US cents in switching ownership of 5,388 stocks. Transjamaican Highway rallied 0.02 cents to end at 0.9 US cents in trading 67,530 units,
In the preference segment, Eppley 6% preference share declined 16.7 cents to close at 96 US cents after 97 stock units crossed the market, Equityline Mortgage Investment preference share fell 3 cents in closing at US$1.97 trading 99 stock units and JMMB Group 5.75% finished at US$2.03 with an exchange of 5 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market recovery

Market activity ended on Wednesday, with the volume and value of shares falling below that on Tuesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining nearly two to one.
The All Jamaican Composite Index popped 4,746.65 points to 439,468.85, the JSE Main Index climbed 3,384.50 points to end at 389,024.39 and the JSE Financial Index rallied 1.23 points to 94.06.
Trading ended with 52 securities compared to 60 on Tuesday, with 24 rising, 14 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.9, The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending at the end of August 2022.
Overall, 18,362,000 shares were exchanged for $173,000,474 versus20,758,716 units at $260,240,162 on Tuesday. Wigton Windfarm led trading with 8.39 million shares for 45.7 percent of total volume, followed by Transjamaican Highway with 3.43 million units for 18.7 percent of the day’s trade after trading at a 52 weeks’ high. Pulse Investments with 2.21 million units for 12 percent market share and Sagicor Select Financial Fund ended with 1.41 million units changing hands for 7.7 percent market share.
Trading on Wednesday averaged 353,115 units at $3,326,932 compared to 345,979 shares at $4,337,336 on Tuesday and month to date, an average of 600,727 units at $6,952,422 compared to 612,243 units at $7,121,049 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows twelve stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement gained $4 in closing at $74 after exchanging 173,433 shares, Eppley Caribbean Property Fund rose $3.48 in ending at $44.98 and closed with an exchange of 18,864 stocks, Guardian Holdings rallied $5 to end at $545, with 1,063 stock units changing hands. Jamaica Producers increased $1.45 to close at $24 after trading 121,971 units, Jamaica Stock Exchange climbed $1 to $18.50 in exchanging 23,882 units, JMMB Group advanced 70 cents to $44, with 183,286 stock units crossing the market. Key Insurance shed 32 cents to end at $4.32, trading 10,384 shares, Kingston Properties popped 50 cents in closing at $9.50 with an exchange of 6,913 stocks, Massy Holdings lost $1 to close at $101 in switching ownership of 22,285 stock units. NCB Financial advanced $2 to $114.50 with the swapping of 150,925 shares, Palace Amusement declined $65 to $980 in an exchange of 10 units, PanJam Investment gained $1.54 in closing at $66.04 after trading 88,443 stocks. Proven Investments popped $2.62 to end at $35.62, with 197,532 stock units crossing the market, Pulse Investments rose 32 cents to end at $4.42, with 2,205,543 shares clearing the market, Scotia Group increased $1.07 to close at $35.10 in exchanging 81,314 stocks. Seprod rallied 50 cents to close at $58.50 while exchanging 3,345 units and Victoria Mutual Investments dropped 39 cents to $6.20, with 26,654 stock units crossing the exchange.
In the preference segment, 138 Student Living Preference share climbed $3.34, ending at a 52 weeks’ high of $13.50, trading 234 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.