Trading surged on the Jamaica Stock Exchange Main Market on Wednesday, helped by increased trades in Wigton Windfarm, Grace Kennedy and Transjamaican Highway pushing the volume of stocks traded up by a solid 612 percent and the value 706 percent compared to trading on Tuesday, following trading in 57 securities compared with 52 on Tuesday, and ending prices of with 22 rising, 17 declining and 18 ending unchanged, resulting in a sharp bounce in the market indices.
A total of 45,685,912 shares were traded for $335,401,719 compared to 6,414,893 units at $41,595,803 on Tuesday.
Trading averaged 801,507 shares at $5,884,241 compared with 123,363 shares at $799,919 on Tuesday and month to date, an average of 211,465 units at $1,737,101, compared with 176,649 units at $1,492,394 on the previous day and August that ended with an average of 316,608 units at $1,867,646.
Wigton Windfarm led trading with 30.15 million shares for 66 percent of the volume, Transjamaican Highway followed with 7.88 million units for 17.3 percent of the day’s trade, GraceKennedy with 3.50 million units for 7.7 percent market share and JMMB Group 7.5% with 1.0 million units for 2.2 percent of total volume.
The All Jamaican Composite Index jumped 4,951.59 points to settle at 350,420.96, the JSE Main Index surged 6,384.67 points to close at 322,776.93 and the JSE Financial Index climbed 2.18 points to 71.72.
The Main Market ended trading with an average PE Ratio of 12.3. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell 40 cents to $78.10 in an exchange of 19,017 shares, Berger Paints skidded 68 cents and ended at $7.04 after an exchange of 3,403 stocks, Caribbean Cement popped $3 in closing at $52 with an exchange of 18,082 stock units, Caribbean Producers shed 89 cents to close at $9.13 after 31,340 units passed through the market. Eppley dropped $7.45 to end at a 52 weeks’ low of $27.55 with investors trading 350 units, Eppley Caribbean Property Fund lost $1.90 in closing at $37 crossing the exchange 172 shares, Guardian Holdings surged $75 to end at $520 in trading 403 stocks, Jamaica Broilers rose $1.05 to $32.50, with 59,356 stock unit crossing the market. Jamaica Producers declined $1.28 to close at $18.72 after an exchange of 5,350 stock units, Kingston Properties climbed $1 and ended at $7.50 with traders dealing in 135,929 units, Kingston Wharves rallied 51 cents and ended at $28 with a transfer of 93,940 shares, Mayberry Investments advanced 50 cents to $8 with stakeholders exchanging 42,900 stocks. MPC Caribbean Clean Energy jumped $13 to end at $83 while exchanging 1,477 shares, NCB Financial increased $2.50 to close at $68, with 37,557 stocks crossing the market, Pan Jamaica gained $3.25 in closing at $49 with investors dealing in 40,529 stock units. Portland JSX popped $2.07 in closing at $10.50 after 20,000 units changed hands, Supreme Ventures dipped $1.52 to close at $27, with 202,492 stock units changing hands and Wisynco Group rallied 56 cents and ended at $17.90 in an exchange of 175,282 shares.
In the preference segment, JMMB Group 7% preference share lost 53 cents to close at $1.87 after a transfer of 3,787 stocks, 138 Student Living preference share leapt $22.70 to end at $103 with investors trading 3,889 units and Productive Business Solutions 10.5 % preference share dipped $1 and ended at $1,214 in switching ownership of 11 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands rising 128 percent valued 23 percent more than on Monday, resulting in trading in nine securities, similar to Monday and ended with prices of two rising, three declining and four ending unchanged.
Overall, 401,339 shares were traded, for US$48,561 compared to 175,984 units at US$39,421 on Monday.
Trading averaged 44,593 units at US$5,396, versus 19,554 shares at US$4,380 on Monday, with a month to date average of 47,869 shares at US$3,999 compared to 48,101 units at US$3,900 on the previous day, down from August with an average of 57,291 units for US$4,251.
The US Denominated Equities Index dropped 3.66 points to undefined 254.00.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4 The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.2 of a cent to end at 5.8 US cents with shareholders swapping 9,526 shares, Margaritaville rose 3.02 cents to close at 14.02 US cents in an exchange of just one stock unit, Proven Investments advanced 0.5 of a cent to 14 US cents with an exchange of 325,066 units. Sterling Investments remained at 1.9 US cents with investors dealing in 5,408 stocks, Sygnus Credit Investments ended at 9.07 US cents in switching ownership of 90 stock units, Sygnus Real Estate Finance USD share remained at 10 US cents after 81 units crossed the exchange and Transjamaican Highway dipped 0.07 of a cent to end at 1.62 US cents with traders dealing in 60,714 stocks.
In the preference segment, JMMB Group 6%lost 7.27 cents and ended at US$1 in an exchange of 395 shares and Productive Business Solutions 9.25% preference share ended at US$12 after 58 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rallies on Monday
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a 70 percent decline in the volume of stocks changing hands but valued 287 percent more than on Friday, resulting in trading in nine securities, compared to eight on Friday with two rising, three declining and four ending unchanged.
, 175,984 shares were traded, for US$39,421 compared to 580,017 units at US$10,197 on Friday.
Trading averaged 19,554 units at US$4,380 versus 72,502 shares at US$1,275 on Friday, with a month to date average of 48,101 shares at US$3,900 compared with 50,278 units at US$3,863 on the previous day, fairly close to August with an average of 57,291 units for US$4,251.
The US Denominated Equities Index rose 3.40 points to close at 257.66.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share increased 0.89 of one cent to 6 US cents and closing after 1,974 shares changed hands, Margaritaville remained at 11 US cents with traders dealing in 113 units, Proven Investments dipped 1 cent to 13.5 US cents in trading 160,775 stocks Sterling Investments shed 0.02 of a cent in closing at 1.9 US cents after investors traded 1,729 stock units, Sygnus Credit Investments ended at 9.07 US cents, with 1,276 units crossing the exchange, Sygnus Real Estate Finance USD share ended at 10 US cents with an exchange of 974 stock units and Transjamaican Highway remained at 1.69 US cents with shareholders swapping 937 stocks.
In the preference segment, JMMB Group 5.75% dropped 38 cents to close at US$1.87, with 8,198 shares clearing the market and JMMB Group 6% rallied 8.24 cents to US$1.0727 with investors dealing in 8 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on JSE USD Market
Trading picked on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands rising 688 percent valued 309 percent more than on Thursday, resulting in the trading of eight securities, up from six on Thursday with prices of three rising, four declining and one ending unchanged.
Overall, 580,017 shares were traded, for US$10,197 up from 73,572 units at US$2,495 on Thursday.
Trading averaged 72,502 units at US$1,275 versus 12,262 shares at US$416 on Thursday, with a month to date average of 50,278 shares at US$3,863 compared with 48,662 units at US$4,051 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index shed 1.12 points to end at 254.26.
The USD Market ended with a PE Ratio, of 9, the PE is the most commonly used measure in determining stock values and is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share popped 0.01 of a cent to 5.11 US cents after an exchange of 360 shares, Margaritaville declined 1 cent to end at 11 US cents as investors traded 43 stock units, MPC Caribbean Clean Energy remained at 55 US cents with shareholders swapping 94 stocks. Proven Investments fell 0.25 of one cent in closing at 14.5 US cents with stakeholders exchanging 4,029 units, Sterling Investments lost 0.03 of a cent and ended at 1.92 US cents with a transfer of 21,145 stocks. Sygnus Credit Investments dropped 0.03 of a cent to close at 9.07 US cents with an exchange of 558 units, Sygnus Real Estate Finance USD share rallied 1.5 cents to 10 US cents with investors dealing in 106 stocks and Transjamaican Highway popped 0.06 of a cent in closing at 1.69 US cents in switching ownership of 553,682 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading dropped sharply on the Jamaica Stock Exchange US dollar market on Thursday, with a 66 percent fall in the volume of stocks changing hands and the value declining 92 percent compared with Wednesday, resulting from trading in six securities compared to six on Wednesday with two rising, two declining and two ending unchanged.
A total of 73,572 shares were traded for US$2,495 compared to 218,675 units at US$32,659 on Wednesday.
Trading averaged 12,262 units at US$416, versus 36,446 shares at US$5,443 on Wednesday, with a month to date average of 48,662 shares at US$4,051 compared with 50,762 units at US$4,261 on the previous day. August ended with an average of 57,291 units for US$4,251.
The US Denominated Equities Index lost 0.95 points to settle at 255.38.
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 divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Margaritaville remained at 12 US cents with just 3 shares crossing the exchange, MPC Caribbean Clean Energy slipped 5 cents in closing at 55 US cents and closing with 91 stocks changing hands, Proven Investments rose 0.25 of one cent to end at 14.75 US cents after trading of 3,580 units. Sterling Investments increased 0.01 of a cent and ended at 1.95 US cents crossing the market 3,573 stock units and Transjamaican Highway dipped 0.06 of a cent to close at 1.63 US cents in trading 66,263 stock units
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$12 in an exchange of 62 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.