Trading on Wednesday ended with the market rising after 88 percent fewer shares passed through the market than on Tuesday, on the Jamaica Stock Exchange US dollar market.
Just four securities traded, down from six on Tuesday and ended with two stocks rising, one declining and one remaining unchanged. The JSE USD Equity Index rose 3.83 points to end at 211.27, up 13.4 percent for the year to date.
The average PE Ratio ended at 12.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Investors exchanged 86,122 shares for US$17,581, down from 734,815 units at US$20,472 on Tuesday.
Trading averaged 21,531 units at US$4,395, down from 122,469 shares at US$3,412 on Tuesday. The average trade for the month to date amounts to 57,110 units for US$3,132 in contrast to 68,058 units at US$2,743 on Tuesday. Trading in March averaged 68,746 units at US$13,137.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none with lower offers.
At the close, First Rock Capital settled at 8.9 US cents trading 24,550 shares, Proven Investments declined 0.5 of a cent to close at 25 US cents in exchanging 61,570 units, Sygnus Credit Investments rose 1.71 cents to 15.72 US cents in trading just one stock and Transjamaican Highway gained 0.13 of a cent to close at 0.95 of one US cent in clearing the market with one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index shed 2,556.74 points to close at 433,516.90, the Main Index declined 2,363.72 points to 394,990.54 and the JSE Financial Index fell 0.60 points to settle at 99.50.
Month to date trading averaged 232,155 units at $1,113,065 in contrast to an average of 354,304 units at $2,543,232 for March.
Palace Amusement climbed $74.35 to end at $799 in exchanging 160 stocks. Salada Foods shed 48 cents to $5.32 with an exchange of 573,683 shares, Scotia Group advanced $1.40 to $42 after transferring 301,254 stock units and Seprod fell $2 in closing at $73 in trading 16,367 units.
Six securities traded, down from seven on Thursday, ending with prices of two rising, two declining and two remaining unchanged.
At the close, First Rock Capital rose 0.19 of a cent to end at 8.9 US cents trading 29,292 stock units, Margaritaville settled at 11 US cents, with 1,838 stocks crossing the market, Proven Investments gained 0.05 of one cent to end at 25.5 US cents after trading 5,295 shares. Sterling Investments closed at 2 US cents, with 134,493 units changing hands, Sygnus Credit Investments declined 0.98 of a cent to 14.01 US cents in switching ownership of 63,828 stocks and Transjamaican Highway shed 0.12 of a cent to end at 0.82 US cents after exchanging 500,069 stock units.
Seven securities changing hands, compared to five on Wednesday, with prices of four rising, one declining and two remaining unchanged. The average PE Ratio ends at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Sterling Investments rose 0.02 of a cent to 2 US cents in trading 81,196 shares, Sygnus Credit Investments carved out a gain of 0.98 of a cent in closing at 14.99 US cents and exchanging 25,100 units and Transjamaican Highway increased 0.06 of a cent in closing at 0.94 of a US cent, with 1,200 stock units changing hands.
The All Jamaican Composite Index advanced 2,324.91 points to 432,859.15, the Main Index rose 2,055.33 points to 394,659.55 and the JSE Financial Index gained 0.40 points to settle at 99.63.
Investor’s Choice bid-offer indicator reading has twelve stocks ending with bids higher than their last selling prices and three with lower offers.
Proven Investments shed 90 cents to close at $35 with an exchange of 11,160 stocks, Sagicor Group advanced $1.89 to close at $51.88 in trading 480,479 shares, Salada Foods rose $1.30 to close at a 52 weeks’ high of $6.75 with a transfer of 13,442 stocks, Scotia Group gained 37 cents to close at $41.52 trading 46,641 units. Supreme Ventures rose 40 cents to close at $15.40 with the swapping of 180,570 stock units, Sygnus Credit Investments declined 47 cents to $14.50 trading 34,579 units, Victoria Mutual Investments advanced 44 cents to $5.89 with the swapping of 122,135 shares, Wisynco Group shed 34 cents to close at $15.11 in exchanging 62,400 shares.
rising, none declining and one remaining unchanged.
At the close, Proven Investments rose 0.01 of a cent to 25 US cents, with 1,051 shares changing hands, Sterling Investments settled at 1.98 US cents with an exchange of 247 units, Sygnus Credit Investments carved out a gain of 0.78 cents in ending at 14.8 US cents and trading 12,266 shares and Transjamaican Highway increased 0.02 of one cent to close at 0.88 US cents, with 337,447 units changing hands.
The All Jamaican Composite Index declined 1,805.24 points to 431,621.60, the JSE Main Index retreated 1,581.94 points to 393,571.93 and the JSE Financial Index lost 0.58 points to close at 98.88.
Trading month to date averaged 338,137 units at $2,423,642, in contrast to 341,423 units at $2,407,074 on Friday. February closed with an average of 419,015 units at $2,509,660.
Salada Foods lost 50 to finish at $44 with 63,894 stock units crossing the market, Seprod advanced $2.10 to $71.10 with 6,110 units changing hands. Supreme Ventures lost 30 cents to end at $15 with the swapping of 47,761 shares and Wisynco Group rose 40 cents to $15.70 with an exchange of 19,151 stock units.
Similar to Friday, trading ended on Monday, with five securities and the price of one rising, two declining and two remaining unchanged.
At the close, Margaritaville rose 0.1 of a cent to end at 10 US cents in exchanging 950 shares, Proven Investments closed at 24.99 US cents with an exchange of 110,963 units, Sterling Investments ended at 1.98 US cents in trading 100 units. Sygnus Credit Investments lost 0.48 of a cent to end at 14.02 US cents with an exchange of 6,271 shares and Transjamaican Highway shed 0.1 of a cent to end at 0.86 US cents, with 377,347 stocks clearing the market.
The All Jamaican Composite Index advanced 2,733.33 points to 433,426.84, the Main Index rose 2,535.44 points to 395,153.87 and the JSE Financial Index gained 0.82 points to settle at 99.46.
Month to date trading averaged 341,423 units at $2,407,074, in contrast to 350,058 units at $2,478,082 on Thursday. February closed with an average of 419,015 units at $2,509,660.
Palace Amusement fell $19 to $680, with 443 units crossing the exchange, Proven Investments shed 60 cents in ending at $34.90 with 19,845 stock units clearing the market, Sagicor Group gained 23 cents to finish at $49.98 in transferring 321,790 units. Salada Foods rose $1.50 to $44.50 with the swapping of 10,915 shares, Scotia Group closed 74 cents higher at $41.25 with an exchange of 8,767 stock, Seprod dropped $4 to $69 in trading 94,793 units and Supreme Ventures finished 20 cents higher at $15.30 in switching ownership of 37,927 stock units.
Trading ended with five securities changing hands, compared to seven on Thursday and ended with the prices of one stock rising, three declining and one remaining unchanged.
At the close, First Rock Capital fell 0.4 of a cent to 8.5 US cents trading 11,123 shares, Proven Investments dipped 0.11 of a cent to 24.99 US cents, with 247,644 stock units clearing the market, Sterling Investments lost 0.01 of a cent in ending at 1.98 US cents in an exchange of 308 stock units and Sygnus Credit Investments advanced 0.3 of one cent to 14.5 US cents with 22,859 stocks changing hands.