Just two stocks traded on the US dollar market of the Jamaica Stock Exchange on Wednesday, with the market index declining 4.18 points to 187.83 after trading more than eight times the shares exchanged on Tuesday.
Trading ended with two securities changing hands at the close, compared to five on Tuesday and ended with the price of one stock
rising and one remaining unchanged.
The average PE Ratio ended at 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed after exchanging 284,861 shares at US$3,564 compared to 33,333 units at US$6,866 on Tuesday. Trading averaged 142,431 units at US$1,782, compared to an average of 6,667 shares at US$1,373 on Tuesday. Trading ended with an average of 41,972 units for the month to date at US$5,770 in contrast to 35,044 units at US$6,046. By comparison, November ended with an average of 51,134 units for US$4,516.
Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Sterling Investments advanced 0.25 of a cent to end at 2.35 US cents after trading 81,561 units and Transjamaican Highway remained at 0.9 of a US cent in exchanging 203,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index climbed 1,991.05 points to 429,520.28, the Main Index advanced by 1,803.16 points to 391,895.69 and the JSE Financial Index gained 0.90 points to settle at 102.67.
The average month to date trade is 380,065 units at $5,624,586 , in contrast to 327,822 units at $6,556,598. November averaged 623,120 units at $6,686,047.
Palace Amusement declined by $105 to $1,300 after trading 12 units, Pan Jam Investment advanced $6 to $68, with 19,919 stock units crossing the exchange, Portland JSX fell by $2 to $7, in exchanging 6,606 shares. Sagicor Group rose $2.98 to $49.50 after owners switched 8,268 units, Sagicor Real Estate Fund shed $1.48 to settle at $6.01 trading 22,100 stock units, Salada Foods ended at $27.01, with a loss of $1.97 exchanging 200 shares. Scotia Group declined $4.37 to $43.12, in clearing the market with 19,042 stock units, Supreme Ventures gained 40 cents to settle at $18, with 55,133 shares crossing the market and Sygnus Credit Investments closed 57 cents higher at $16.57, in exchanging 28,814 stock units.
At the close, the All Jamaican Composite Index dived 6,819.00 points to 427,529.23, the Main Index dropped 6,331.19 points to 390,092.53 and the JSE Financial Index shed 2.36 points to settle at 101.77.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and nine with lower offers.
Proven Investments dropped $1 to close at $36, in trading 15,274 units, Sagicor Group declined by $5.48 to $46.52, in clearing the market with 2,593 units, Scotia Group climbed $2.99 in closing at $47.49, with an exchange of 33,426 shares. Seprod fell $1.99 to settle at $64, in transferring 13,119 stock units, Supreme Ventures gained 49 cents in closing at $17.60, with investors switching ownership of 62,688 shares and Sygnus Credit Investments lost 99 cents to settle at $16, with an exchange of 116,506 shares.
At the close, the All Jamaican Composite Index advanced 1,075.26 points to end at 434,348.23, the Main Index rose 973.03 points to 396,423.72 and the JSE Financial Index gained 0.50 points to settle at 104.13.
Trading averaged 635,024 units at $28,925,756 for each security, compared to an average of 190,187 shares at $1,780,784 on Thursday. The average trade for the month to date is 289,116 units at $7,973,059 for each security, in contrast to 179,176 units at $1,313,675. November averaged 623,120 units at $6,686,047.
Salada Foods climbed $2.98 to $28.98, with 50 stocks crossing the exchange, Scotia Group lost 50 cents to finish at $44.50 trading 734,994 shares, Seprod rose $1.98 to end at $65.99, clearing the market with 20,865 stock units. Sterling Investments shed 35 cents to end at $2.85 trading 1,439,187 shares, Supreme Ventures lost 69 cents to close at $17.11, with investors swapping 4,059 units, Sygnus Credit Investments gained 99 cents to settle at $16.99 after investors switched ownership of 278,419 shares and Wisynco Group lost 40 cents to end at $16.10, in exchanging 62,549 shares.
Trading closed, with five securities changing hands similar to Wednesday and closed with the prices of two rising, two declining and one remaining unchanged.
Sterling Investments lost 0.4 cents to close at 2.1 US cents, in exchanging 79,400 shares, Sygnus Credit Investments advanced by 1.2 cents to settle at 16.9 US cents trading 17,122 stock units. Transjamaican Highway gained 0.04 cents to close at 0.90 US cent, with investors swapping 89,948 shares.
The market indices declined for a second consecutive day, with the All Jamaican Composite Index dropped 1,756.26 points to 433,272.97, the Main Index fell by 1,431.23 points to 395,450.69 and the JSE Financial Index lost 0.44 points to settle at 103.63.
Trading averaged 190,187 units at $1,780,784 for each security, compared to an average of 169,420 shares at $1,098,311 on Wednesday. The average trade for the month to date is 179,176 units at $1,313,675 for each security, in contrast to 173,476 units at $1,071,877. November averaged 623,120 units at $6,686,047.
Sagicor Real Estate Fund climbed $1.22 to $8.97 after exchanging 19,020 units, Seprod shed 99 cents to finish at $64.01, with 5,814 units changing hands, Sterling Investments lost 40 cents in closing at $3.20 after trading 11,775 units. Supreme Ventures gained 30 cents to end at $17.80, trading 33,788 stock units, Sygnus Credit Investments shed $1 to end at $16, after 550,563 shares crossed the exchange and Wisynco Group settled at $16.50, with gains of 47 cents as investors swapped 67,571 shares.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
Pan Jam Investment ended $1.49 lower at $62.01, after exchanging 9,913 stock units, Proven Investments gained $1 to close at $37, with 3,309 units changing hands, Stanley Motta gained 35 cents to finish at $5.35, in trading 2,180 stocks. Supreme Ventures rose 47 cents to $17.50 in an exchange of 13,504 stock units, Sygnus Credit Investments advanced $1 to $17, with a transfer of 37,765 shares and Victoria Mutual Investments gained 34 cents in closing at $6.10 after investors switched ownership of 113,575 units.
Trading ended with five securities changing hands compared to eight on Monday and closed with prices of two rising, one declining and two remaining unchanged.
Proven Investments lost 1.99 cents and ended at 24 US cents, after exchanging 75,413 shares, Sterling Investments lost half a cent to end at 2.45 US cents, with 5,000 stock units changing hands. Sygnus Credit Investments gained one-tenth of a cent to end at 16.6 US cents, in crossing the market with 47,956 shares and Transjamaican Highway ended at 0.90 of a US cent, trading 18,529 stock units.
Trading averaged 341,117 units at $3,482,298 for each security, compared to 5,591,567 shares at $5,529,709 on Friday. Month to date, the average ended at 623,120 units at $6,686,047 for each security, in contrast to 639,789 units at $6,875,412. October averaged 398,200 units at $4,622,532.
Pan Jam Investment advanced by $2.90 to close at $70, with 142,736 shares crossing the exchange, Sagicor Group rose $1 to $52 trading 1,647,769 shares, Salada Foods closed at $27, with a loss of $1 in trading 5,498 units. Scotia Group fell by $1.99 to $46 in exchanging 210,312 shares, Seprod gained $1.10 to end at $65.10, with a transfer of 18,206 units, Supreme Ventures shed 87 cents to finish at $16.63, with 23,840 stock units changing hands and Sygnus Credit Investments lost 69 cents trading 181,280 shares to end the day’s trade at $17.31.
Market activity ended with eight stocks trading, up from six on Friday and ended with the prices of four stocks rising, one declining and three remaining unchanged.
Productive Business Solutions gained 18 cents to end at 84 US cents after trading 5,952 stock units, Proven Investments advanced 0.99 of a US cent to finish at 25.99 US cents, after 14,259 shares crossed the exchange, Sterling Investments lost nine-tenths of a US cent to close at 2 US cents, with investors swapping 350,000 shares. Sygnus Credit Investments advanced 0.51 of a US cent to settle at 16.5 US cents after 51,732 shares crossed the market and Transjamaican Highway remained at 0.90 of a US cent, with 122,500 shares changing hands.