Stocks mostly fell at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded declining 40 percent and the value 42 percent lower than in trading on Tuesday, with activity in 56 securities compared with 61 on Tuesday, with prices of 15 stocks rising, 28 declining and 13 ending unchanged.
The market closed with an exchange of 19,510,472 shares at $158,059,371 compared with 32,587,303 units at $270,744,190 on Tuesday.
Trading averaged 348,401 shares at $2,822,489 compared to 534,218 units at $4,438,429 on Tuesday and month to date, an average of 1,492,956 units at $3,093,232, in comparison with 1,628,463 units at $3,125,286 on the previous day and February with an average of 385,143 units at $3,418,046.
Carreras led trading with 5.35 million shares for 27.4 percent of total volume followed by General Accident with 4.01 million units for 20.5 percent of the day’s trade, Wigton Windfarm ended with 3.76 million units for 19.3 percent market share, Transjamaican Highway chipped in with 2.44 million units for 12.5 percent of stocks traded and Scotia Group ended with 1.01 million units for 5.2 percent of total volume.
The All Jamaican Composite Index dipped 4,423.34 points to 366,211.78, the JSE Main Index declined 3,917.90 points to 326,885.56 and the JSE Financial Index lost 1.87 points to end at 69.15.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Producers lost 40 cents in closing at $9.70 after trading 3,872 units, Carreras shed 45 cents to $8.50 in an exchange of 5,349,769 stocks, Eppley dropped $5.78 and ended at $34.72 with 22 shares clearing the market. GraceKennedy sank $1.25 to end at $73.75 after a transfer of 109,384 stock units, Jamaica Stock Exchange fell 30 cents to close at $10.30 with investors swapping 37,882 shares, JMMB Group declined 50 cents to $26, with 84,139 stocks crossing the market. Kingston Properties dipped 42 cents to close at $7.08 after exchanging 2,566 units, Mayberry Group popped 35 cents in closing at $7.50 with an exchange of 2,041 stock units, MPC Caribbean Clean Energy climbed $5 to $85 with an exchange of 35 shares. NCB Financial skidded 60 cents to $68.15 with investors dealing in 10,964 stocks, 138 Student Living rose 38 cents to $4.20 in an exchange of 108,694 units, Pan Jamaica lost $3.40 to close at $46.80, with 585 stock units changing hands. Proven Investments gained $2.02 to end at $23.82 with an exchange of 662 shares, Sagicor Real Estate Fund rallied 46 cents in closing at $7.65 after 200 stock units passed through the market, Scotia Group fell $4.05 and ended at $43 with investors trading 1,010,596 units. Seprod sank $2.95 to $82.05, with 33,062 stocks crossing the market, Stanley Motta increased 65 cents to end at $7.50 with traders dealing in 8,000 units, Supreme Ventures declined 41 cents in closing at $24.54 as investors exchanged 28,966 stocks. Sygnus Credit Investments shed 59 cents to close at $10.63 in trading 92,189 shares and Wisynco Group advanced 55 cents and ended at $21.05 after an exchange of 364,778 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in JSE USD trading
Trading surged on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 4,733 percent leap in the volume of stocks exchanged after a 256 percent jump in the amount of money changing hands compared to Monday, resulting in trading in eight securities, compared to seven on Monday with prices of three rising, three declining and two ending unchanged.
The market closed with an exchange of 2,937,043 shares for US$118,791 compared to 60,767 units at US$33,398 on Monday.
Trading averaged 367,130 units at US$14,849 versus 8,681 shares at US$4,771 on Monday, with a month to date average of 91,011 shares at US$6,228 compared with 38,416 units at US$4,586 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index dropped 8.81 points to settle at 256.38.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville slipped 1 cent to 10 US cents in an exchange of 534 stocks, MPC Caribbean Clean Energy dipped 1 cent to 54 US cents, with 176 units crossing the market, Proven Investments popped 0.1 of a cent to end at 14.5 US cents as investors exchanged 384,951 shares. Sygnus Credit Investments remained at 8.99 US cents after a transfer of 2,814 stocks and Transjamaican Highway fell 0.24 of a cent to close at 2.03 US cents in clearing the market of 2,543,144 shares.
In the preference segment, JMMB Group US8.5% preference share rose 1.01 cents to US$1.1601 in an exchange of 1,329 stocks. JMMB Group 5.75% ended at US$1.91 with investors transferring 4,093 units and Sygnus Credit Investments US8% climbed 10 cents to close at US$10.60 after an exchange of two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Record high for JSE USD Market
Investors pushed the Jamaica Stock Exchange US dollar market to a record close on Wednesday, after 139 percent more stocks were exchanged with a 65 percent lower dollar value changed hands than on Tuesday, resulting in trading in seven securities, compared to five on Tuesday with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 268,496 shares for US$15,237 compared to 112,337 units at US$43,069 on Tuesday.
Trading averaged 38,357 units at US$2,177 compared with 22,467 shares at US$8,614 on Tuesday, with a month to date average of 26,421 shares at US$2,695 compared with 22,243 units at US$2,876 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index gained 5.70 points to end at a record high of 266.81.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. 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 and or around 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 skidded 0.3 of a cent and ended at 4.2 US cents with investors dealing in 2,000 units, Proven Investments remained at 14.5 US cents in switching ownership of 500 stocks, Sterling Investments fell 0.49 of one cent in closing at 1.5 US cents, with 3,522 shares crossing the market. Sygnus Credit Investments dipped 0.01 of a cent to close at 8.99 US cents after an exchange of 819 stock units and Transjamaican Highway popped 0.27 of a cent to end at 2.38 US cents and closed with 253,855 shares changing hands.
In the preference segment, JMMB Group US8.5% preference share increased by 0.1 of a cent in closing at US$1.15 with traders dealing in 7,600 stock units and JMMB Group 5.75% ended at US$1.90 after a transfer of 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with an 886 percent jump in the volume of stocks exchanged after 168 percent more US dollars changed hands than on Friday, resulting in trading in seven securities, compared to eight on Friday with prices of six rising, none declining and one ending unchanged.
The market closed with an exchange of 301,898 shares for US$10,518 compared to just 30,628 units at US$3,928 on Friday.
Trading averaged 43,128 units at US$1,503 versus 3,829 shares at US$491 on Friday, with a month to date average of 22,168 shares at US$963 compared with trading in February with an average of 46,765 units for US$6,084.
The US Denominated Equities Index gained 4.71 points to close at 262.96.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4.5 US cents in an exchange of 39 stocks, Proven Investments popped 0.55 of one cent to 14.5 US cents with an exchange of 951 units, Sterling Investments rallied 0.29 of a cent to end at 1.99 US cents after 5,019 shares were exchanged. Sygnus Credit Investments rose 0.19 of a cent in closing at 8.99 US cents after 2,780 stocks changed hands and Transjamaican Highway gained 0.13 of a cent to close at 2.24 US cents after an exchange of 291,350 shares.
In the preference segment, JMMB Group US8.5% preference share climbed 0.01 of a cent to US$1.149 with 1,579 units clearing the market and Sygnus Credit Investments E8.5% increased 17 cents to close at US$10.18 with an exchange of 180 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.