The level of trading surged sharply on Monday, ending with the volume of shares changing hands spiking 4,327 percent and the value surging 4,871 percent over Friday’s levels at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
Sygnus Real Estate traded 5 million shares on Monday
Trading ended with nine securities changing hands, up from seven on Friday, with prices of two rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index gained 0.96 points to end at 196.88. Overall, 5,180,361 shares traded for US$780,108 up from 117,025 units at US$15,695 on Friday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. 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.
Trading averaged 575,596 units at US$86,679, compared to 16,718 shares at US$2,242 on Friday and month to date averages 89,297 shares at US$11,693 versus 44,176 units at US$4,736 on Friday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and no stock with a lower offer.
At the close, First Rock Capital USD share rallied 0.1 of a cent in closing at 7 US cents while exchanging 842 shares,
Margaritaville finished unchanged at 9 US cents with an exchange of 65,070 stocks, Proven Investments declined 0.44 of a cent in ending at 23 US cents with the swapping of 40,373 stock units. Sygnus Credit Investments Jamaican dollar denominated share remained at 12.83 US cents in an exchange of 53 units, Sygnus Credit Investments USD share rose half a cent to end at 13 US cents, with 4,481 units clearing the market, Sygnus Real Estate Finance USD share ended at 15 US cents after trading 5,000,478 shares. Transjamaican Highway finished unchanged at 0.85 f a US cent with 60,764 stocks changing hands.
In the preference segment, JMMB Group 5.75% fell 3 cents in closing at US$2.02, with 5,000 stock units crossing the market and JMMB Group 6% remained at US$1.05 in switching ownership of 3,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
General Accident inched from $6.60 last week to $6.70 this week, but earnings were revised downwards to 65 cents for the year, helping it exit the TOP10. New to this week’s ICTOP10 are the Junior Market’s Medical Disposables, with the price falling 23 percent to $5.20 from $6.78 last week and Caribbean Cream. Sygnus Credit Investments dropped out of the TOP10 the previous week and returns with the price dropping 17 percent from $18.90 down to $15.66 this past week, while Proven Investments also returns.
The top three Main Market stocks are Caribbean Producers, Guardian Holdings and JMMB Group, which are projected to gain between 212 to 283 percent expected versus last weeks’ 227 to 261 percent.
The average gains projected for the TOP 10 Junior Market stocks moved from 185 percent last week to 145 percent and Main Market stocks remains unchanged at 163 percent.
The average PE for the JSE Main Market is 15.5, which is 23 percent less than the PE of 19 at the end of March and 29 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 52 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple maybe around 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
Trading ended with seven securities changing hands, compared to six on Thursday, with prices of two rising, four declining and one ending unchanged.
At the close, First Rock Capital USD share shed 0.1 of a cent to 6.9 US cents in exchanging eight shares, Margaritaville fell 0.45 cents, in ending at 9 US cents after switching ownership of 41,754 units, Proven Investments popped 0.85 of a cent to close at 23.44 US cents while exchanging 49,602 stock units. Sygnus Credit Investments Jamaica dollar share dropped 0.17 of a cent to end at 12.83 US cents with 393 stocks crossing the market, Sygnus Credit Investments USD share ended at 12.5 US cents, with 2,131 shares changing hands, Sygnus Real Estate Finance USD share declined 1 cent to end at 15 US cents after finishing trading of 1,500 units and Transjamaican Highway popped 0.01 of a cent to 0.85 of one US cent with an exchange of 21,637 stock units.
The All Jamaican Composite Index plunged 7,346.88 points, following Thursday nearly 5,000 points drop, to close the week at 427,237.85, and the lowest point since late-December last year. The JSE Main Index dived 6,433.10 points to 386,813.17 and the JSE Financial Index declined 1.26 points to end at 94.49.
Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and none with a lower offer.
NCB Financial shed 98 cents to end at $117.02 with an exchange of 42,468 stocks, 138 Student Living rose 70 cents to $4.70 in transferring 4,360 shares, PanJam Investment lost 50 cents to close at $70 after exchanging 17,794 units, Portland JSX fell 89 cents to $6.61 with 500 shares clearing the market. Radio Jamaica lost 26 cents to close at $3.06 in switching ownership of 689,952 stock units, Sagicor Group shed 64 cents in ending at $52.21 while trading 103,931 shares, Seprod popped 65 cents to finish at $63.70 after exchanging 2,252 stocks. Supreme Ventures rose $1.48 to $18.48 with 66,957 units changing hands and Sygnus Real Estate Finance declined $1.93 to $14.05 after 1,700 stock units crossed the market.
Six securities traded, compared to five on Wednesday, with three rising, two declining and one ending unchanged.
First Rock Capital USD share climbed 0.4 of a cent to close at 7 US cents with the swapping of 43,840 shares, Margaritaville ended at 9.45 US cents in switching ownership of 18,153 units, Sterling Investments shed 0.09 cents in ending at 2 US cents after trading 486 stocks. Sygnus Credit Investments USD share popped 0.49 of a cent to 12.5 US cents, in trading with 714 stock units and Transjamaican Highway dropped 0.03 of a cent in closing at 0.84 US cents after an exchange of 440 shares.
The average trade for the day was 70,196 units at $5,401,049 versus 440,284 shares at $9,078,293 on Wednesday and month to date, an average of 266,594 units at $3,142,230, compared to 273,987 units at $2,968,998 on Wednesday. October closed with an average of 251,350 units at $2,773,208.
Margaritaville popped $2.68 ending at $20.52 in switching ownership of 510 stock units, 138 Student Living lost 45 cents to end at $4 in exchanging 8,290 shares, Palace Amusement rallied $30 to $1,030 with 27 units clearing the market, PanJam Investment gained 50 cents in closing at $70.50 with an exchange of 18,453 shares. Proven Investments lost 49 cents to settle $33 with the swapping of 2,500 stock units, Sagicor Group declined $1.91 to end at $52.85 after 70,956 stocks crossed the market, Scotia Group fell $2 in closing at $34.50 with the swapping of 157,337 units. Seprod shed 70 cents to close at $63.05 in trading 12,286 shares, Stanley Motta lost 26 cents in ending at $5.40 with 1,000 stock units changing hands, Sygnus Credit Investments lost 41 cents to finish at $15.60 in trading 66,085 shares and Wisynco Group shed 45 cents to close at $16.50 in switching ownership of 114,643 stocks.
Five securities traded compared to six on Tuesday, with two rising, three declining and one ending unchanged. The JSE US Denominated Equities Index lost 5.42 points to end at 194.23.
At the close, First Rock Capital USD share fell 0.39 of a cent in closing at 6.6 US cents in an exchange of 1,519 shares, Margaritaville gained 0.45 of a cent to close at 9.45 US cents trading 51,219 stock units, Proven Investments dropped 1.35 cents to end at 22.59 US cents, with 5,907 stocks clearing the market. Sygnus Credit Investments USD share lost 0.49 cents to end at 12.01 US cents in exchanging 18,300 units and Transjamaican Highway gained 0.01 of a cent to 0.87 of a US cent in switching ownership of 110,003 stock units.
Trading jumped sharply at the close of the Jamaica Stock Exchange Main Market on Wednesday, with the volume of shares trading rising 115 percent and the value surging 260 percent higher than on Tuesday, but the market indices eked out a modest rise as declining stocks edged those rising.
Trading ended with 21,573,918 shares changing hands for $444,836,346 versus 10,040,879 units at $123,722,251 on Tuesday. Carreras led trading with 39.9 percent of total volume after exchanging 8.60 million shares followed by JMMB Group with 13.4 percent for 2.89 million units, PanJam Investment held 9.3 percent with 2.02 million units, Sagicor Select Financial Fund accounted for 7.8 percent, with 1.68 million units and Wisynco Group with 5 percent with a transfer of 1.09 million units.
JMMB Group fell $1.65 in closing at $38.80 with 2,893,439 shares crossing the exchange, Kingston Wharves rallied 50 cents to $47 in trading 2,100 stocks, Margaritaville advanced $1.41 to $17.84 in an exchange of 11,007 stock units. NCB Financial popped $2 to close at $118 in transferring 60,945 units, Palace Amusement dropped $24 to close at $1,000 after an exchange of 63 stocks, PanJam Investment gained 50 cents in closing at $70 after trading 2,015,921 shares. Proven Investments climbed 49 cents to $33.49 with 9,015 units changing hands, Sagicor Group popped $1.76 to end at $54.76 after 802,872 stock units crossed the market and Sygnus Credit Investments dipped 29 cents to $16.01 with a transfer of 144,549 shares.
Six securities traded, down from eight on Monday, with prices of two rising, three declining and one ending unchanged.
In trading, First Rock Capital USD share closed at 6.99 US cents with 40,025 shares changing hands, Margaritaville dropped 0.45 of a cent to 9 US cents trading 119,609 units, Proven Investments rose 0.06 of a cent to 23.94 US cents in an exchange of 5,985 stocks. Sygnus Credit Investments USD share rose 0.06 of a cent to 12.5 US cents after an exchange of 26,900 stock units and Transjamaican Highway lost 0.02 of a cent to end at 0.86 US cents in switching ownership of 15,000 stocks.
The All Jamaican Composite Index jumped 1,731.22 points to 439,283.18, the JSE Main Index climbed 2,587.35 points to 397,380.02 and the JSE Financial Index gained 0.70 points to end at 96.12.
Trading averaged 189,451 units at $2,334,382, compared to 311,171 shares at $2,962,626 on Monday and month to date, an average of 260,759 units at $2,483,031, compared to 267,472 units at $2,497,025 on Monday. October closed with an average of 251,350 units at $2,773,208.
PanJam Investment spiked $1.50 to close at $69.50 with the swapping of 7,698 shares, Proven Investments gained 49 cents to end at $33 with an exchange of 6,359 units. Sagicor Group declined $1.50 to $53 after 668,437 stocks cleared the market, Salada Foods lost 46 cents in ending at $7 in trading 815 units, Scotia Group popped $2 to $36.50 in transferring 33,791 shares. Seprod gained 45 cents in closing at $63.95 after exchanging 8,641 stock units, Supreme Ventures shed 46 cents to end at $17 in switching ownership of 161,242 units and Sygnus Credit Investments fell $1 to $16.30 with 183,314 stock units changing hands.