Market activity dropped sharply on Thursday with the volume of shares trading declining 73 percent and the value falling 38 percent from trading on Wednesday at the close of the Jamaica Stock Exchange Main Market and ending with rising stocks exceeding those declining by a decent margin.
The All Jamaican Composite Index dipped 275.56 points to close at 426,778.01, the Main Index fell 179.99 points to 386,329.25 and the JSE Financial Index rose 0.60 points to end at 95.32.
A total of 49 securities traded compared to 48 on Wednesday, with 25 rising, 18 declining and six ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16. The PE ratios for the JSE Main and USD Market closing quotes report are based on earnings forecasted by ICInsider.com for companies with financial years ending between the current year and August 2022.
Trading ended with 20,045,378 shares changing hands for $339,681,628 down sharply from 74,732,134 units at $550,250,998 on Wednesday. Kingston Wharves led trading with 38.3 percent of total volume after an exchange of 7.67 million shares, followed by QWI Investments with 25 percent for 5.02 million units, Wigton Windfarm with 15.1 percent for an exchange of 3.03 million units and Caribbean Producers with 7.9 percent for 1.59 million units changing hands.
Trading averages 409,089 units at $6,932,278 compared to 1,556,919 shares at $11,463,562 on Wednesday and month to date, an average of 547,333 units at $5,479,377 versus 559,831 units at $5,348,026 on Wednesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement advanced $1.43 to $75 trading 15,403 shares, Caribbean Producers rallied 85 cents to close at a 52 weeks’ high of $10.85 in switching ownership of 1,585,550 stocks, Eppley spiked $3.50 to close at $38.50 in exchanging 53 stock units. Eppley Caribbean Property Fund advanced $2.50 to end at $42.50 with the swapping of 631 units, First Rock Capital popped 33 cents in closing at $10.40 after trading 1,000 stocks, GraceKennedy lost 47 cents after ending at $98.48 with 22,344 units changing hands. Guardian Holdings rose $1 to $519 with a transfer of 10,096 shares, JMMB Group lost 57 cents to close at $37.82 after 108,468 stock units crossed the market, Kingston Properties spiked $1.15 to end at $9.65 in exchanging 100 stocks. Mayberry Investments advanced $1 to close at $8 in transferring 15,178 units, NCB Financial popped $1.05 to close at $120.05 in an exchange of 15,930 shares, PanJam Investment gained 45 cents to finish at $63.50 with 15,670 stock units changing hands. Sagicor Group shed 46 cents to end at $51.14 with 34,253 stocks crossing the exchange, Scotia Group lost 35 cents in ending at $36.50 with the swapping of 1,161 units, Seprod declined $1 to $62 in trading 22,001 stocks. Stanley Motta gained 30 cents to close at $5.30 after exchanging 931 shares, Sygnus Credit Investments shed 37 cents in ending at $14.93, with 169,421 stocks changing hands, Sygnus Real Estate Finance advanced $1.71 to $17.72 with an exchange of 1,500 stock units and Wisynco Group gained 30 cents to end at $16.50 in trading 62,203 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD market
Trading ended on Thursday, with the volume of shares swapped declining 24 percent with 86 percent lower value than on Wednesday, as the number of securities trading, climbed at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
Trading ended with five securities changing hands, compared to two on Wednesday with prices of two rising, two declining and one ending unchanged.
The JSE US Denominated Equities Index lost 1.17 points to end at 213.21. The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratios are computed based on earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 133,466 shares traded, for US$5,656 compared to 174,820 units at US$39,324 on Wednesday.
Trading averaged 26,693 units at US$1,131 versus 87,410 shares at US$19,662 on Wednesday and month to date averaging 545,465 shares at US$73,763 versus 594,405 units at US$80,616 on Wednesday. November ended with an average of 79,766 units for US$10,928.
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, Margaritaville lost half a cent in closing at 9.5 US cents with the swapping of 20,000 shares, Proven Investments increased half of one cent to 23 US cents after trading 9,928 stocks, Sterling Investments gained 0.1 of a cent to 2.1 US cents in exchanging 4,889 units. Sygnus Credit Investments USD share remained at 12.9 US cents with 4,792 stock units changing hands and Transjamaican Highway dropped 0.06 of a cent in ending at 0.8 of one US cents in trading 93,857 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady JSE USD market trading
Trading ended with the volume of shares changing hands declining on Tuesday, after 82 percent fewer shares traded with 76 percent lower value than Monday at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising.
Trading ended with five securities changing hands, compared to seven on Monday, with prices of one rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index lost 0.19 points to end at 214.37. The PE Ratio, a measure used in computing appropriate stock values, averages 12.5. The PE ratio uses earnings forecasts done by ICInsider.com or each company with the financial year ending during the current year up to August 2022.
Overall, 16,239 shares traded, for US$1,951 down from 89,952 units at US$7,974 on Monday. Trading averaged 3,248 units at US$390, compared to 12,850 shares at US$1,139 on Monday, with the month to date averaging 614,287 shares at US$83,006 versus 680,705 units at US$91,986 on Monday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share gained 0.02 of a cent to end at 6.07 US cents after trding 7,292 shares, Margaritaville lost 1 cent to close at 10 US cents with the swapping of 1,501 units, Proven Investments finished unchanged at 22.5 US cents, with 5,672 stock units crossing the market. Sterling Investments dipped 0.1 of a cent in ending at 2 US cents with 1,349 stocks clearing the market and Sygnus Credit Investments USD share fell 0.08 of a cent to end at 12.9 US cents in exchanging 425 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD jumps 7% on Monday
Trading on Monday ended with the volume of shares changing hands declining after a fraction of shares exchanged on Friday, passed through the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling and the market rose 7 percent for the day.
Seven securities traded, compared to five on Friday, with five rising, one declining and one ending unchanged.
The JSE US Denominated Equities Index surged 14.55 points to end at 214.56, up 15 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts done by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 89,952 shares traded, for US$7,974 compared to 25,247,952 units at US$3,090,795 on Friday. Trading averaged 12,850 units at US$1,139, versus 5,049,590 shares at US$618,159 on Friday and month to date averages 680,705 shares at US$91,754 versus 800,576 units at US$108,018 on Friday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and no stock with a lower offer.
At the close, Margaritaville rose 1 cent to 11 US cents in switching ownership of 8,310 shares, Productive Business Solutions rose 17.25 cents to a 52 weeks’ high of US$1.334 with the swapping of 29 stocks, Proven Investments fell 0.5 of a cent to end at 22.5 US cents after exchanging 28,513 stock units. Sterling Investments ended at 2.1 US cents in an exchange of 3,000 units, Sygnus Credit Investments USD share spiked 0.98 of a cent to close at 12.98 US cents after two shares changed hands shares and Transjamaican Highway popped 0.07 of a cent to 0.86 US cents with 50,000 units clearing the market.
In the preference segment, Equityline Mortgage Investment preference share advanced 9.9 cents to end at US$1.999 after trading 98 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Huge surge in trading on JSE USD market
Friday ended with a big bump in trading activity with an unusually large volume of shares changing hands after surging 5,301 percent higher than trades on Thursday, with a 10,412 percent higher value, at the close of the Jamaica Stock Exchange US dollar market.
Trading ended with five securities changing hands, versus six on Thursday with prices of two rising and two declining and one trading firm.
The JSE US Denominated Equities Index skidded 4.71 points to end at 200.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio is computed based on ICInsider.com earnings forecasts for each company with their financial year ending up to August 2022.
The volume of shares traded surged to 25,247,952 for US$3,090,795, up from just 467,492 units at US$29,403 on Thursday. Trading averaged 5,049,590 shares at US$618,159, sharply up from 77,915 units at US$4,901 on Thursday and month to date an average of 800,576 units at US$108,292 versus 175,721 shares at US$33,311 on Thursday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rose 0.05 of a cent to end at 6.05 US cents in switching ownership of 10 million shares, Proven Investments traded 6,460,229 shares and lost 0.9 of a cent to close at 23 US cents. Sygnus Credit Investments USD share rose 0.75 of a cent in closing at 12 US cents with 5,008,385 stocks crossing the market, Sygnus Real Estate USD share fell 0.9 of a cent to 13.1 US cents after trading 3,000,500 stock units and Transjamaican Highway ended at 0.79 US cents after an exchange of 778,838 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.