Trading activity on the Jamaica Stock Exchange Main Market plunged on Thursday, with the volume of stocks traded dropping 80 percent and the value 68 percent lower than on Wednesday, with trading in 55 securities compared with 52 on Wednesday, with 21 rising, 21 falling and 13 ending unchanged.
A total of 5,505,100 shares were exchanged for $37,890,404 versus 27,243,669 units at $116,951,925 on Wednesday.
Trading averaged 100,093 shares at $688,916 compared to 523,917 units at $2,249,075 on Wednesday, while trading month to date averages 423,304 shares at $1,921,505 versus 454,491 units at $2,040,439 on the previous day. Trading in July ended with an average of 283,368 units at $2,135,482.
Transjamaican Highway led trading with 2.63 million shares for 47.9 percent of the volume, followed by Wigton Windfarm with 549,264 units for 10 percent of the day’s trade and JMMB Group 7.35% – 2028 with 511,801 units for 9.3 percent market share.
The All Jamaican Composite Index lost 757.11 points to close at 353,308.06, the JSE Main Index fell 457.71 points to 320,755.70 and the JSE Financial Index lost 0.20 points to undefined 70.32.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated 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 ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped 98 cents in closing at $74.98 with 86,364 shares being traded, Berger Paints fell 50 cents to close at $7.05 with shareholders swapping 200 stock units, Caribbean Cement increased 50 cents to $52 after trading 8,861 units. First Rock Real Estate lost 70 cents to end at $8.10, with 2,010 stocks crossing the market, Guardian Holdings climbed $1.75 and ended at $439.75, with 102 stocks passed through the market, Jamaica Producers declined 90 cents to $19.20 with a transfer of 5,492 shares. JMMB Group gained 76 cents and ended at $27.91, changing hands 27,686 units, Key Insurance dipped 40 cents to end at $2.56 after exchanging 330 stock units, Kingston Properties shed 44 cents in closing at $6.95 as investors traded 14,986 stocks. Kingston Wharves rallied 40 cents to close at $28.90, with 3,673 stock units crossing the market, Massy Holdings dropped 75 cents and ended at $100.25, with 4,035 units clearing the market, Mayberry Investments declined 65 cents to close at $8 after a transfer of 19,470 shares. MPC Caribbean Clean Energy advanced $12.33 in closing at $81.99 with investors trading 1,000 stocks, NCB Financial rose 65 cents to end at $72.40 after 104,630 stocks crossed the exchange, 138 Student Living increased 40 cents to $4.65 in trading 50,330 units, Proven Investments gained 50 cents in closing at $23 in an exchange of 2,211 shares, Pulse Investments advanced 55 cents and ended at $2.66 after traders swapped 132,000 stock units, Scotia Group lost $1 to end at $33 in switching ownership of 53,613 stocks. Seprod shed $1.99 to close at $67.01 with an exchange of 10,929 units and Supreme Ventures dropped $1 to $28 with investors transferring 33,173 shares.
In the preference segment, Jamaica Public Service 7% fell $9.75 to $55.25 while exchanging five stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands jumping 293 percent, with a 185 percent greater value than on Monday, resulting in nine securities being traded, compared to seven on Monday, with one rising, two declining and six ending unchanged.
Overall, 610,587 shares were traded for US$16,053 compared with 155,440 units at US$5,637 on Monday.
Trading averaged 67,843 units at US$1,784 versus 22,206 shares at US$805 on Monday, with a month to date average of 46,739 units at US$2,543 compared with 43,771 units at US$2,650 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index fell 4.12 points to 240.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is calculated 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 ending 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 US cents, with 545 shares crossing the market, Productive Business Solutions ended at US$1.80 after traders exchanged 6 units, Proven Investments ended at 14.8 US cents, with 1,076 stocks changing hands, Sterling Investments lost 0.18 of a cent in closing at 1.8 US cents as investors exchanged 109 stock units. Sygnus Credit Investments shed 1.5 cents in closing at 8 US cents with shareholders swapping 61,993 shares, Sygnus Real Estate Finance USD share ended at 10 US cents after switching ownership of 10 units and Transjamaican Highway gained 0.09 of a cent to close at 1.69 US cents in an exchange of 546,676 stocks.
In the preference segment, JMMB Group 5.75% closed at US$1.95 with an exchange of 52 stock units and Productive Business Solutions 9.25% preference share ended at US$12.50 while exchanging 120 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market pops on Monday
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 31 percent, valued 68 percent lower than on Friday, resulting in seven securities traded, compared to six on Friday, with three rising, two declining and two ending unchanged.
A total of 155,440 shares were traded for US$5,637 compared with 118,609 units at US$17,580 on Friday.
Trading ended with an average of 22,206 shares at US$805 compared to 19,768 shares at US$2,930 on Friday, with a month to date average of 43,771 shares at US$2,650 compared with 46,419 units at US$2,877 on the previous trading day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index popped 2.16 points to close at 244.56.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. The PE ratio is calculated 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents and closed with 509 shares being traded, Margaritaville popped 0.1 of a cent to end at 11 US cents in trading 2,130 units, Proven Investments rose 0.3 of a cent and ended at 14.8 US cents, with 251 stocks crossing the market. Sterling Investments popped 0.02 of a cent to 1.98 US cents with investors trading six stocks, Sygnus Credit Investments dropped 1.41 cents to close at 9.5 US cents with 32,422 stock units clearing the market and Transjamaican Highway dipped 0.05 cents and ended at 1.6 US cents in an exchange of 120,000 units.
In the preference segment, JMMB Group 5.75% ended at US$1.95 as investors exchanged 122 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands rising 189 percent, valued 1,194 percent more than in trading on Tuesday and resulted in trading in eight securities, compared to 10 on Tuesday, with four rising, two declining and two ending unchanged.
Overall, 229,429 shares were traded for US$20,421 compared with 79,376 units at US$1,578 on Tuesday.
Trading averaged 28,679 units at US$2,553 versus 7,938 shares at US$158 on Tuesday, with a month to date average of 2,721 units at US$2,461 compared with 33,595 stock units at US$2,442 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index added 1.04 points to close trading at 242.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio is calculated 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 none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents after a transfer of 2,868 shares, Margaritaville dipped 0.44 of a cent to close at 10.9 US cents, with 1,005 stock units crossing the market, MPC Caribbean Clean Energy added 0.1 of a cent to end at 62.8 US cents in an exchange of one unit, Proven Investments advanced 0.3 of a cent to 14.8 US cents with 128,254 stocks clearing the market. Sterling Investments popped 0.21 of a cent in closing at 1.96 US cents while exchanging 7,024 shares, Sygnus Credit Investments remained at 10.89 US cents with shareholders swapping 1,005 units and Transjamaican Highway increased 0.05 of a cent to end at 1.65 US cents after closing with an exchange of 89,229 stock units.
In the preference segment, JMMB Group 5.75% dipped 10 cents in closing at US$1.90 after 43 stocks crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.