Trading dropped on the Jamaica Stock Exchange Main Market on Friday with a 30 percent drop in the volume of stocks traded at a 77 percent lower value than on Thursday, after trading in 53 securities up from 51 on Thursday, resulting in prices of stocks 24 rising, 19 declining and 10 ending unchanged.
A total of 11,840,614 shares were traded for $92,145,603 compared to 16,899,213 units at $398,378,363 on Thursday.
Trading averaged 223,408 shares at $1,738,596 compared to 331,357 shares at $7,811,340 on Thursday and month to date, an average of 178,739 stock units at $2,099,950 compared with 172,653 stocks at $2,149,183 on the previous day. January closed with an average of 205,236 units at $1,805,558.
Sagicor Select Financial Fund led trading with 4.40 million shares for 37.1 percent of total volume followed by Wigton Windfarm with 2.34 million units for 19.7 percent of the day’s trade and Transjamaican Highway with 1.21 million units for 10.2 percent market share.
The All Jamaican Composite Index advanced 466.42 points to 381,045.58, the JSE Main Index rose 302.30 points to close at 336,285.42 and the JSE Financial Index rallied 0.57 points to settle at 80.30.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded price and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments lost 50 cents in closing at $84 in trading 4,996 shares, Caribbean Cement advanced $2.41 to $59.18 with a transfer of 26,011 units, Caribbean Producers dipped 77 cents to $10.80 with 274,070 stock units changing hands after trading at an intraday 52 weeks’ low of $10.19 following the release of half year results showing reduced profit in the December quarter compared with that of 2021. GraceKennedy shed 90 cents to end at $77.10 after an exchange of 174,611 stocks, Guardian Holdings rallied 69 cents to close at $505.70 with the swapping of 20,423 shares, Jamaica Broilers gained 50 cents in closing at a 52 weeks’ high of $32.50 after 946,442 stocks passed through the market. Jamaica Producers fell $1 in ending at $20 after trading 32,439 stock units, JMMB Group popped 45 cents to close at $33.40 with investors transferring 83,865 units, Kingston Properties shed 50 cents to finish at $6.60 in an exchange of 147,000 units. Mayberry Jamaican Equities rose 99 cents to end at $12.39 in switching ownership of 49,660 stocks, NCB Financial declined $1 in closing at $75 with the swapping of 27,651 stock units, Palace Amusement dropped $185.90 to close at $2,302.10 while trading 549 shares. Seprod dipped $1.20 to end at $64 with an exchange of 25,136 units, Stanley Motta fell 93 cents to settle at $4.30 with 47,129 shares changing hands, Supreme Ventures rose $1 to $27 in an exchange of 25,496 stock units. Sygnus Real Estate Finance shed 50 cents to end at $9.50 after 1,100 stocks cleared the market and Wisynco Group popped 78 cents in closing at $17.98 in a transfer of 325,355 units.
In the preference segment, Productive Business 10.50% preference share advanced $15.91 to end at $1,115.91 trading 60 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 Thursday, with the volume of stocks changing hands rising 155 percent and valued 385 percent more than on Wednesday, resulting in six securities traded, which is similar to that on Wednesday with two rising, three declining and one ending unchanged.
Overall, 768,092 shares were exchanged for US$20,748 compared with 301,506 units at US$4,280 on Wednesday.
Trading averaged 128,015 units at US$3,458, versus 50,251 shares at US$713 on Wednesday, with month to date average of 48,253 shares at US$2,396 compared with 37,618 units at US$2,255 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.15 points to end at 231.63.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.39 of a cent to 7.39 US cents after trading 1,010 shares, Proven Investments declined 0.46 of a cent to close at 18.53 US after trading 1,780 stock units, Sterling Investments climbed 0.18 of a cent in closing at 1.99 US cents with an exchange of 9,531 stocks. Sygnus Credit Investments USD share ended at 9.51 US cents after investors exchanged 40,960 units and Transjamaican Highway dropped 0.06 of a cent after ending at 0.9 of one US cent after a transfer of 709,811 stocks.
In the preference segment, JMMB Group 5.75% fell 4 cents to end at US$1.97 with a transfer of 5,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading down for JES USD market
Trading dipped on the US dollar market Jamaica Stock Exchange on Tuesday, with a 75 percent fall in the volume of stocks changing hands and leading to a 17 percent drop in value compared to Monday and resulting in nine securities traded, compared to eight on Monday with two rising, four declining and five left unchanged.
Overall, 110,724 shares were traded for US$19,925 down from 441,584 units at US$23,988 on Monday.
Trading averaged 12,303 units at US$2,214 versus 55,198 shares at US$2,999 on Monday, with a month to date average of 35,675 shares at US$2,492 compared with 42,687 units at US$2,575 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.18 points to end at 235.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share remained at 7 US cents, with 1,707 shares changing hands, Productive Business Solutions dipped 1 cent to US$1.90 after trading at 20 stock units, Proven Investments lost 1.49 cents to end at 18.51 US cents in an exchange of 42,342 units. Sterling Investments declined 0.18 of a cent to close at 1.81 US cents, with 1,500 stocks crossing the market, Sygnus Credit Investments USD share climbed 0.02 of a cent in ending at 10 US cents, with 45,232 units passing through the exchange, Sygnus Real Estate Finance USD share ended at 8.5 US cents closed after 5,949 shares changed hands and Transjamaican Highway remained at 0.97 of one US cent with 8,668 stocks clearing the market.
In the preference segment, JMMB Group 5.75% ended at US$2.01 in exchanging 1,300 stock units and JMMB Group 6% rose 8.96 cents to close at US$1.0696 while trading 4,006 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market dips for a second day
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 9 percent and resulting in a 33 percent fall in the value compared to Wednesday, following trading in seven securities, compared with seven on Wednesday with one rising, three declining and three ending unchanged.
Overall, 260,566 shares were traded for US$12,989 compared with 287,125 units at US$19,364 on Wednesday.
Trading averaged 37,224 units at US$1,856 down from 41,018 shares at US$2,766 on Wednesday, with month to date average of 39,121 shares at US$2,311. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index slipped 0.54 points to end at 222.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share dropped 0.02 of a cent in ending at 6.98 US cents after 35,761 shares were traded, Proven Investments lost 0.84 of a cent to end at 19.16 US cents while exchanging 16,700 stock units, Sterling Investments popped 0.18 of a cent in closing at 1.99 US cents as 494 stocks passed through the market. Sygnus Credit Investments USD share ended at 9.51 US cents 16,850 units crossing the market and Transjamaican Highway remained at 0.92 of one US cent with investors exchanging 187,273 stocks.
In the preference segment, Equityline Mortgage Investment preference share fell 3 cents to US$1.64 after a transfer of 488 units and JMMB Group 6% ended at US$1 trading 3,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.