Trading on the Jamaica Stock Exchange USD market and resulted in the market closing on Thursday, with the market index rising, with 19 percent fewer shares changing hands than on Wednesday, as falling stocks just outnumbered rising ones.
Similar to Wednesday, trading ended with six securities changing hands, with prices of two rising, three declining and one remaining firm.
The JSE USD Equity Index added 1.78 points to end at 201.15.
The PE Ratio, a measure that determines a relative value for each stock, averages 12.8 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 455,961 shares traded for US$32,480, down from 560,213 units at US$42,922 on Wednesday.
Trading averaged 75,994 units at US$5,413, in contrast to 93,369 shares at US$7,154 at the close on Wednesday. Trading month to date averages 112,502 units at US$5,028 in contrast to 117,480 units at US$4,975 on Wednesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than the last selling price and two with lower offers.
At the close, First Rock Capital climbed 0.3 of a cent to 9 US cents trading 95,173 shares, Productive Business Solutions traded 46 stock units at 80 US cents, Proven Investments slipped 0.01 of a cent to 25.99 US cents with 20,467 stocks changing hands. Sterling Investments slipped 0.02 of a cent to 2.37 US cents after a transfer of 450 units, Sygnus Credit Investments lost 0.3 of a cent end at 15 US cents with 112,400 stock units passing through the market and Transjamaican Highway rose 0.05 of a cent to 0.90 US cents with 227,425 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Similar to Tuesday with six securities changed hands on Wednesday, with two stocks rising and four declining.
Margaritaville shed 1 cent to finish at 9 US cents with an exchange of 190,152 stock units, Proven Investments slipped 0.09 of a cent to end at 26 US cents with 6,662 stocks traded. Sygnus Credit Investments increased 0.29 of a cent to 15.3 US cents with a transfer of 643 shares and Transjamaican Highway lost 0.01 of a cent to 0.85 US cents with 349,856 units crossing the exchange.
Margaritaville advanced 1 cent to 10 US cents with 9,962 stock units changing hands, MPC Caribbean Clean Energy climbed 22 cents to US$1.15 with investors switching ownership of 310 units. Sygnus Credit Investments finished at 15.01 US cents with a transfer of 2,000 shares and Transjamaican Highway lost 0.06 of a cent to settle at 0.86 US cents with 467,450 units crossing the exchange.
Trading ended with six securities changing hands, similar to Friday, with three rising, two declining and one ending unchanged.
First Rock Capital ended trading of one share at 9 US cents, Margaritaville lost 0.9 of a cent to close at 9 US cents after 176,842 units crossed the market, Proven Investments gained 0.1 of a cent to end at 26.09 US cents, with 164,560 stock units changing hands. Sterling Investments rose 0.09 of a cent in ending at 2.39 US cents after 814,150 stock units cleared the market and Sygnus Credit Investments dropped 0.29 of a cent to 15.01 US cents in trading 5,800 stock units.
The Junior Market has to decidedly break the upper limit of the current upward sloping trading channel to free it to move on to the next area of resistance, of just over 4,000 mark, but the Main Market has room to run for a few thousand points before it hits the channel top at 460,000 points which it came close to on Friday at 459,758 before pulling back.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March, with the average PE at 17 for Junior Market stocks and 19 for the Main Market.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Trading ended with the JSE USD Equity Index rallying 3.19 points to close at 200.51. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital settled at 9 US cents after 10,814 shares were traded, Productive Business Solutions remained at 80 US cents with 108 stock units changing hands, Proven Investments popped 0.99 of a cent to 25.99 US cents with 108,096 shares changing hands. Sterling Investments rose 0.25 of a cent in closing at 2.3 US cents after exchanging 39,116 units, Sygnus Credit Investments rose 0.1 of a cent to 15.3 US cents, with 3,717 stock units crossing the exchange and Transjamaican Highway popped 0.01 of a cent to 0.92 of a US cent in trading 13,719 shares.
The PE Ratio, a measure that determines an appropriate value of each stock, averages 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Proven Investments declined 0.9 of a cent to end at 25 US cents with 50,282 shares changing hands, Sterling Investments rose 0.05 of a cent to 2.05 US cents with 24,297 stocks traded, Sygnus Credit Investments declined by 0.29 of a cent to 15.2 US cents with a transfer of 16,733 units and Transjamaican Highway rallied 0.06 of a cent to land at 0.91 US cents with 40,000 shares crossing the exchange.
Trading ended with five securities changing hands, compared to eight on Tuesday with the prices of one stock rising, two declining and two remaining unchanged.
At the close, First Rock Capital had an exchange of 44,814 shares at 8.99 US cents, Productive Business Solutions had trading of 9 stock units at 80 US cents, Proven Investments lost 0.1 of a cent to end at 25.9 US cents with 21,708 units changing hands. Sterling Investments slipped 0.01 of a cent to 2 US cents with a transfer of 52,000 stocks and Sygnus Credit Investments rose 0.48 of a cent to close at 15.49 US cents with 10,974 shares crossing the exchange.
Transjamaican Highway was the volume leader accounting for 2.51 million of the 2,508,722 shares traded, with a value of US$28,103 compared to 460,180 units trading at US$70,670 on Monday.
Proven Investments remained at 26 US cents with a transfer of 15,452 stock units, Sterling Investments fell 0.24 of a cent to 2.01 US cents with 82,000 shares traded, Sygnus Credit Investments ended at 15.01 US cents after trading 9,640 stocks and Transjamaican Highway declined by 0.08 of a cent to finish at 0.85 US cents with 2,400,000 units crossing the exchange.
Trading involved six securities, compared to seven on Friday with four rising, none declining and two remaining unchanged.
At the close, First Rock Capital traded 5,015 shares at 9 US cents, Proven Investments climbed 0.1 of a cent to 26 US cents, with an exchange of 174,572 shares, Sterling Investments gained 0.25 of a cent to close at 2.25 US cents with an exchange of 900 stock units. Sygnus Credit Investments rose 0.3 of a cent to 15 US cents in exchanging 213 units, Sygnus Credit Investments closed at 15.01 US cents after an exchange of 169,025 shares and Transjamaican Highway advanced 0.07 of a cent to 0.93 US cents, with 110,455 stocks changing hands.