Prices of more stocks rose than fell on Wednesday, resulting in a rise in the US dollar market of the Jamaica Stock Exchange after trading 13 percent more shares than on Tuesday.
Trading ended with four securities changing hands, the same as on Tuesday and closed with the price of two stocks rising, one declining and one remaining unchanged.
The JSE USD Equities Index advanced by 2.39 points to 190.67. The average PE Ratio is 13.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The market ended with 228,031 shares trading at $22,823 compared to 201,406 units at S$1,935 on Tuesday. Trading averaged 57,008 units for US$5,706, in contrast to an average of 50,352 shares at US$484 on Tuesday. The market closed with an average of 51,083 units at US$4,998 for the month to date, compared to 50,758 units at US$4,959 on Tuesday. October ended with an average of 697,808 units for US$17,320.
Investor’s Choice bid-offer indicator reading for the shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Proven Investments lost half a cent to end at 25 US cents, after trading 12,853 shares, Sygnus Credit Investments gained 1.34 US cents to close at 15.50 US cents, with 117,690 stock units changing hands and Transjamaican Highway inched 0.08 of a cent higher, to end at 0.93 of one US cent, with 97,000 units crossing the exchange.
In the preference segment, Eppley 5% preference share closed at US$1.02, with an exchange of 488 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Five securities changed hands on Monday compared to two on Friday and closed with the prices of one stock rising, three falling and one remained unchanged.
At the close of the market, First Rock Capital Investment remained at 8.6 US cents after exchanging 1,743 shares, Productive Business Solutions lost 9 US cents to close at 66 US cents, with 609 stock units trading, Proven Investments rose 2.76 US cents to 25.98 US cents after the trading of 31,318 units. Sygnus Credit Investments lost 1.83 US cents to settle at 14.16 US cents while exchanging 6,472 shares and Transjamaican Highway lost 0.04 of a cent and settled at 0.85 of a US cent after exchanging 349,996 units.
Stocks rose to their highest level since mid-April on the Jamaican Stock Exchange Main Market in the past week, during the past week the Junior Market traded at the highest level in seven weeks, with moves in both markets confirming the bullish signal technical indicators been flashing for weeks.
Eppley lost its Main Market TOP 10 position with the price moving up from $18.97 to $20.02 and is replaced by Jamaica Producers.
The JSE Main Market ended the week, with an overall PE of 15.3 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 53 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.7 or 57 percent of the PE of that market.
At the close of the market, six securities changed hands compared to four on Wednesday and closed with the prices of two stocks rising, two declining and two remaining unchanged.
At the close of the market, Margaritaville traded 100 shares at 13 US cents, MPC Caribbean Clean Energy settled at US$1.15, in exchanging 52 units. Proven Investments lost 0.09 of a cent and ended at 25.99 US cents trading 16,244 stocks, Sygnus Credit Investments shed 1.01 US cents to close at 15.99 US cents, with 90,118 units changing hands and Transjamaican Highway gained 0.04 of a cent to end at 0.89 of a US cent after exchanging 100,000 shares.
At the close of the market, trading ended with four stocks changing hands compared to two on Tuesday and closed with the prices of two stocks rising, two declining and none remaining unchanged.
At the close of the market, First Rock Capital Investment gained 0.64 of a cent to end at 8.65 US cents, trading 36,020 shares, Proven Investments slipped 0.05 of a cent and settled at 25.9 US cents, with 65,344 units changing hands. Sygnus Credit Investments rose 2 US cents to 17 US cents and finishing with an exchange of 85,717 shares and Transjamaican Highway lost 0.05 of a cent to end at 0.85 of a US cent after trading 513,024 stock units.
Trading remained low-keyed on the Jamaican Stock Exchange’s US dollar market on Tuesday with just two securities trading and closed with the price of one stock rising and one remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and one with a lower offer. Proven Investments remained at 25.95 US cents at the close of the market after exchanging 17,317 stock units and Sygnus Credit Investments gained half of a cent to end at 15 US cents trading 30,815 shares.
The move in the Main Market continues the move gradually higher ahead of the year-end and is in keeping with bullish signs that points to more gains ahead.
The company is on target to earn 50 cents per share for the current financial year ending June 2021.
The PE ratio for the Junior Market Top 10 stocks average a mere 7.1 at just 54 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.7 or 55 percent of the PE of that market.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close of the market, First Rock Capital Investment lost 0.02 of a cent to settle at 8.63 US cents trading 500 units, Proven Investments fell seven-tenths of a cent to 25.30 US cents in exchanging 110,257 shares, Sterling Investments gained nine-tenths of a cent to close at 2.85 US cents, with 352 units changing hands. Sygnus Credit Investments rose 1.4 cents to end at 14.50 US cents, in trading 7,533 stock units and Transjamaican Highway unchanged at 0.9 of a US cent, with 55,555 shares crossing the market.
At the close of the market, trading ended with three securities changing hands compared to five on Tuesday and ended with the price of one stock rising, one declining and one remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and one with a lower offer.