The trading volume of stocks plunged 61 percent, with a 13 percent lower value than Wednesday on the Jamaica Stock Exchange US dollar market on Thursday, resulting in five securities changing hands, compared to seven on Wednesday with two rising, two declining and one ending unchanged.
A total of 16,740 shares were traded for US$20,385 compared to 43,378 units at US$18,048 on Wednesday.
Trading averaged 3,348 units at US$4,077 compared with 6,197 shares at US$2,578 on Wednesday, with a month to date average of 25,414 shares at US$3,446 versus 26,231 units at US$3,422 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 4.33 points to end at 229.44.
The PE Ratio is a measure used in computing appropriate stock values, averages 8.6. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, First Rock Real Estate USD share dipped 0.02 of a cent to close at 7.58 US cents with the swapping of 1,549 shares, Proven Investments rose 1.7 cents to 19.7 US cents as six stocks passed through the market and Sterling Investments popped 0.1 of a cent to end at 2.1 US cents with investors transferring 61 units.
In the preference segment, JMMB Group 5.75% remained at US$2 with a transfer of 5,000 stock units and JMMB Group 6% lost 7 cents in ending at US$1 after trading 10,124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volumes plunged on the JSE USD market
Rising stocks beat losers on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday with an 85 percent drop in the volume of stocks exchanged with the value plunging 91 percent lower than on Monday, resulting in trading in seven securities, compared to 11 on Monday with four rising, one declining and two ending unchanged.
Overall, 49,024 shares were traded for US$5,622, down sharply from 334,981 units at US$60,270 on Monday.
Trading averaged 7,003 shares at US$803, compared with 30,453 units at US$5,479 on Monday. The month to date, averages 27,327 shares at US$3,468 versus 28,503 units at US$3,622 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index lost 4.13 points to end at 224.76.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.4 of one cent to end at 7.5 US cents after exchanging 1,000 shares, MPC Caribbean Clean Energy climbed 0.01 of a cent to close at 65 US cents in an exchange of 100 stock units, Productive Business Solutions remained at US$1.70 after 130 units were traded. Proven Investments dropped 1.5 cents to 18.5 US cents as 26,043 stocks passed through the market, Sterling Investments advanced 0.05 of one cent in closing at 2 US cents with the swapping of 20,500 shares and Sygnus Credit Investments USD share rose 0.1 of a cent after ending at 9.2 US cents while exchanging 1,220 stocks.
In the preference segment, Eppley 6% preference share ended at US$1.13, with 31 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More stocks fell than rose on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday with an 83 percent increase in the volume of stocks exchanged, valued 174 percent more than on Friday, resulting in 11 securities traded, compared to 10 on Friday with one rising, three declining and seven ending unchanged.
Overall, 334,981 shares were traded for US$60,270 compared to 182,935 units at US$22,001 on Friday.
Trading averaged 30,453 units at US$5,479, up from 18,294 shares at US$2,200 on Friday, with month to date average of 28,503 shares at US$3,622 versus 28,308 units at US$3,437 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 1.62 points to end at 228.89.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 7.1 US cents after 36,000 shares were exchanged, Productive Business Solutions ended at US$1.70 after a transfer of two units, Proven Investments rose 2.79 cents to 20 US cents while trading 284,461 stocks. Sterling Investments lost 0.05 of a cent to end at 1.95 US cents, with 2,590 stock units crossing the market, Sygnus Credit Investments J$ share ended at 14.62 US cents in an exchange of one stock, Sygnus Credit Investments USD share declined 0.88 of a cent in closing at 9.1 US cents with the swapping of 10,678 units. Sygnus Real Estate Finance USD share fell 0.5 of a cent after ending at 10.5 US cents with 1,036 shares changing hands and Transjamaican Highway remained at 0.92 of one US cent after trading 210 stock units,
In the preference segment, Eppley 6% preference share ended at US$1.13 finishing at one share. Equityline Mortgage Investment preference share remained at US$1.67 in exchanging one stock unit and JMMB Group 5.75% remained at US$1.50 with an exchange of 1 unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market plunges
The JSE US Denominated Equities market suffered a major reversal in trading on Friday, with the market index plunging 29.58 points to 227.27 after the major rise earlier in the week resulting from a big move by Productive Business Solutions was reversed and Proven Investments falling to a 52 weeks’ low as trading ended, with the volume of stocks exchanged rising 174 percent, valued 222 percent more than Thursday’s trades and resulting in an exchange of 10 securities, the same as on Thursday and ended with two rising, two declining and six unchanged.
A total of 182,935 shares were traded for US$22,001 compared to 66,713 units at US$6,828 on Thursday.
Trading averaged 18,294 units at US$2,200, versus 6,671 shares at US$683 on Thursday, with month to date average of 28,308 shares at US$3,437 versus 29,309 units at US$3,560 on the previous day. October ended with an average of 40,972 units for US$2,277.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with lower offers.
At the close, First Rock Real Estate USD share dipped 0.5 of a cent in closing at 7.1 US cents with an exchange of 20,000 shares, Productive Business Solutions remained at US$1.70 while exchanging ten stocks, Proven Investments lost 1.41 cents to end at a 52 weeks’ low of 17.21 US cents and closed with an exchange of 23,176 units. Sterling Investments rallied 0.1 of a cent to 2 US cents, with 105,000 stock units changing hands, Sygnus Credit Investments J$ share ended at 14.62 US cents, with investors exchanging three units, Sygnus Real Estate Finance USD share ended at 11 US cents with a transfer of 8,321 shares and Transjamaican Highway remained at 0.92 of one US cent after an exchange of 17,902 stock units.
In the preference segment, Productive Business 9.25% preference share advanced 90 cents to end at US$11.90 after 20 stocks passed through the market, Eppley 6% preference share remained at US$1.13 after a transfer of 3 shares and JMMB Group 5.75% ended at US$1.50 in switching ownership of 8,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.