Trading in US dollar stocks ended with the market declining after trading 43 percent fewer shares than on Thursday on the Jamaica Stock Exchange, resulting in more stocks falling than rising at the close on Friday.
Five securities changing hands, compared to six on Thursday, with prices of one stock rising, two declining and two ending unchanged.
The JSE USD Equity Index lost 2.21 points to end at 209.56, with a gain of 12.5 percent for the year to date. The average PE Ratio ends at 13.8 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with, 375,831 shares traded for US$54,256, down from 658,389 units at US$27,752 on Thursday.
Trading averaged 75,166 units at US$10,851 versus 109,732 shares at US$4,625 on Thursday. Trading averaged 80,293 units for the month to date at US$6,320 in contrast to 80,524 units at US$6,116 on Thursday. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than their last selling prices and two with lower offers.
At the close, First Rock Capital added 1 cent to end at 9 US cents, with 72,250 shares crossing the exchange, Margaritaville dipped 1 cent to a 52 weeks’ low of 8 US cents trading 950 units, Productive Business Solutions closed at US$1.01 in an exchange of 49 shares. Proven Investments declined 0.97 of a cent to end at 26 US cents in exchanging 20,207 units and Sygnus Credit Investments settled at 15 US cents, with 282,375 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Six securities traded, similar to Wednesday, with prices of one rising, four declining and one remaining unchanged, resulting in the JSE USD Equity Index slipping 031 points to end at 211.77.
At the close, First Rock Capital dropped 1 cent in closing at 8 US cents with an exchange of 106,971 shares, Margaritaville ended at 9 US cents in trading 4,000 stocks, Proven Investments fell 0.02 of a cent to close at 26.97 US cents in exchanging 33,753 stock units. Sterling Investments dipped 0.3 of a cent to end at 2 US cents with an exchange of 336,049 shares, Sygnus Credit Investments rose 0.01 of a cent to end at 15 US cents with 7,616 stock units changing hands and Transjamaican Highway dropped 0.04 of a cent to end at 0.91 US cents trading 170,000 stock units.
Six securities traded, similar to Tuesday with the price of one rising, two declining and three closing unchanged.
At the close, First Rock Capital ended at 9 US cents after trading 50,237 shares, Margaritaville settled at 9 US cents in switching ownership of 10,670 shares, Productive Business Solutions climbed 1 US cents to close at US$1.01 with an exchange of 40 units. Proven Investments slipped 0.01 of a cent to end at 26.99 US cents in trading 13,669 shares, Sygnus Credit Investments shed 0.09 of a cent in closing at 14.99 US cents 200 stock units crossing the market and Transjamaican Highway ended at 0.95 US cents after an exchange of 380,309 shares.
The JSE USD Equity Index climbed 4.98 points to end at 218.71. The average PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings ends at 13.2.
At the close, First Rock Capital ended at 9 US cents in exchanging 12,558 shares, Margaritaville closed at 9 US cents, trading 673 shares, Proven Investments advanced 1 cent to close at 27 US cents in trading 126,273 stock units. Sterling Investments fell 0.14 of a cent to close at 2.3 US cents while exchanging 600 units, Sygnus Credit Investments rose 2.9 cents to closed at 14.9 US cents while exchanging 100 units and Transjamaican Highway settled at O.95 of a US cent trading 148,830 stock units.
The JSE USD Equity Index gained 2.13 points to end at 213.73, up 14.7 percent for the year to date. The average PE Ratio ends at 13 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
Future Energy Source 
The top three stocks in the Junior Market are headed by Elite Diagnostic, followed by Medical Disposables and Jetcon Corporation, with the potential to gain between 285 to 300 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investment and VM Investments, with expected gains of 174 to 388 percent.
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 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Main Market TOP 10 trades at a PE of 7.5 or 47 percent of the PE of that market and well off the potential of 20.
At the close, First Rock Capital shed half a cent to close at 8.5 US cents in an exchange of 7,800 units, Margaritaville ended at 9 US cents after exchanging 16,795 stocks, Proven Investments ended at 26 US cents trading 15,991 stock units. Sterling Investments increased 0.43 of a cent to end at 2.44 US cents while exchanging 89 shares, Sygnus Credit Investments ended at 14 US cents after 491,204 shares changed hands and Transjamaican Highway fell 0.05 of a cent in closing at 0.9 US cents trading 550,000 shares.
Trading closed, with two stocks rising, one declining and three remaining unchanged and the JSE USD Equity Index slipped 0.01 point to 209.84. The average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital traded 2,182 shares at 9 US cents, Margaritaville ended at 9 US cents with 6,993 shares clearing the market, Proven Investments rose 1.4 cents to close at 26 US cents in exchanging 36,634 shares. Sygnus Credit Investments fell 1 cent to close at 14 US cents trading 171,046 stock units and Transjamaican Highway rose 0.05 of a cent to end at 0.95 US cents with an exchange of 223,750 stocks.
At the close, First Rock Capital gained 0.1 of a cent in closing at 9 US cents trading 139,414 shares, Proven Investments rose 0.1 of a cent to 24.6 US cents in exchanging 26,191 units, Sygnus Credit Investments closed at 15 US cents with 100 shares changing hands and Transjamaican Highway remained at 0.9 of a US cent with 698,683 stocks crossing the exchange.
At the close, First Rock Capital closed at 8.9 US cents trading 6,590 shares, Proven Investments shed 1.49 cents to close at 24.5 US cents after 271,008 stocks crossed the market, Sterling Investments fell 0.04 of a cent to 2.01 US cents in trading 45,540 stock units. Sygnus Credit Investments gained 0.17 of a cent to close at 15 US cents trading 60,047 shares and Transjamaican Highway closed at 0.9 of a US cent in 108,080 shares crossing the market.
