Trading climbs on JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks traded rising 40 percent, with the value 90 percent higher than on Thursday, resulting from trading of 12 securities, similar to Thursday, with the prices of four rising, three declining and five ending unchanged.
Overall, 983,310 shares traded for US$145,667, up from 703,183 units at US$76,534 on Thursday. Trading averaged 81,943 units at US$12,139 compared to 58,599 shares at US$6,378 on Thursday, with month to date average of 37,284 shares at US$6,460 versus 29,943 units at US$5,526 on the preceding day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index lost 0.51 points to end at 194.22.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and none with a lower offer.

At the close, First Rock Real Estate USD share dropped 0.1 of a cent after ending at 5 US cents with the swapping of 604,420 shares, Margaritaville finished at 14.98 US cents in trading ten stocks, MPC Caribbean Clean Energy remained at US$1.30 in an exchange of one stock unit. Productive Business Solutions ended unchanged at US$1 while exchanging 616 units, Proven Investments declined 0.01 of a cent to end at 22.94 US cents and trading 4,023 stock units, Sygnus Credit Investments USD share fell 0.8 cents to end at 11.2 US cents with 4,000 stocks changing hands. Sygnus Real Estate Finance USD share increased 1.89 cents ending at 12.5 US cents, with 46 shares crossing the market and Transjamaican Highway popped 0.1 of a cent to close at 0.97 US cents with an exchange of 294,151 units.
In the preference segment, Eppley 6% preference share finished at US$1.15 in switching ownership of two stock units, Equityline Mortgage Investment preference share ended unchanged at US$1.85 in exchanging one stock, JMMB Group 5.75% remained at US$1.7425 with an exchange of 43,301 units and JMMB Group 6% lost 5 cents in closing at US$1.05 with 32,739 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winning stocks lead JSE USD Market

Trading picked up on the Jamaica Stock Exchange US dollar market Thursday, with 12 securities traded, up from nine on Wednesday, with four rising, two declining and six ending unchanged, with the volume of stocks traded rising 48 percent and 196 percent greater value than on Wednesday.
The JSE US Denominated Equities Index slipped 0.40 points to end at 194.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 703,183 shares were traded for US$76,534, up from 475,460 units at US$25,818 on Wednesday. Trading averaged 58,599 units at US$6,378 compared to 52,829 shares at US$2,869 on Wednesday, with month to date average of 29,943 shares at US$5,526 versus 24,305 units at US$5,359 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 5.1 US cents, with 430,350 shares changing hands, Margaritaville popped 0.98 of one cent to close at 14.98 US cents in switching ownership of 2,537 stocks, Productive Business Solutions finished at US$1 with 1,901 units crossing the exchange. Proven Investments rallied 0.94 of a cent in closing at 22.95 US cents after exchanging 2,000 stock units, Sterling Investments ended at 2 US cents after 8,092 shares crossed the market, Sygnus Credit Investments USD share increased 0.89 of one cent and ended at 12 US cents with 888 stocks changing hands. Sygnus Real Estate Finance USD share fell 1.89 cents to 10.61 US cents after exchanging 501 units and Transjamaican Highway lost 0.01 of a cent in closing at 0.87 of one cent US cents after trading 228,441 stock units.
In the preference segment, Eppley 6% preference share ended unchanged at US$1.15, with 12 units crossing the market. Equityline Mortgage Investment preference share remained at US$1.85 in an exchange of 5 stock units, JMMB Group 5.75% finished at US$1.7425, with 28,323 shares clearing the market and JMMB Group 6% climbed 6 cents to close at US$1.10 in trading 133 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Increased JSE USD trading

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks traded surging 253 percent after 264 percent more funds entered the market than Tuesday, resulting in nine securities trading, compared to seven on Tuesday with four rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index lost 0.37 points to end at 195.13.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.3. The PE ratios are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 475,460 shares were traded for US$25,818 compared to 134,622 units at US$7,099 on Tuesday. Trading averaged 52,829 units at US$2,869, compared to 19,232 shares at US$1,014 on Tuesday, with a month to date average of 24,305 shares at US$5,359 versus 19,369 units at US$5,790 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 5.1 US cents with 111,980 shares clearing the market, MPC Caribbean Clean Energy popped 1 cent to US$1.30 in trading one stock unit, Productive Business Solutions ended at US$1 with the swapping of five stocks. Proven Investments shed 0.93 of a cent to end at 22.01 US cents after 1,034 units crossed the exchange, Sterling Investments rose 0.03 of a cent to 2 US cents, after trading 414 shares, Sygnus Credit Investments USD share dropped 0.89 of one cent to 11.11 US cents while exchanging 156,871 stock units. Sygnus Real Estate Finance USD share rallied 2 cents in closing at 12.5 US cents in switching ownership of 5,150 stocks and Transjamaican Highway lost 0.01 of a cent in ending at 0.88 of one US cent after 200,000 units changed hands.
In the preference segment, JMMB Group 6% advanced 10.5 cents to end at US$1.04 trading five shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market slips

Trading on Jamaica Stock Exchange US dollar market on Tuesday closed with the volume of stocks traded declining marginally, with an  86 per cent lower value than on Monday, and resulting in seven securities trading, compared to nine on Monday with none rising, four declining and three ending unchanged.
Overall, 134,622 shares traded for US$7,099 compared to 148,446 units at US$51,199 on Monday. Trading averaged 19,232 units at US$1,014, compared to 16,494 shares at US$5,689 on Monday, with a month to date average of 19,369 shares at US$5,790 in line with 19,390 units at US$6,533 on the previous day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index lost 4.96 points to end at 195.50. The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share dropped 0.9 of a cent to end at a 52 weeks’ low of 5.1 US cents after trading 29,018 shares, Productive Business Solutions closed at US$1 after trading 1,732 stocks, Proven Investments shed 0.06 of a cent to end at 22.94 US cents, with 7,923 stock units crossing the market. Sterling Investments fell 0.03 of a cent in closing at 1.97 US cents, with 17,260 units changing hands, Sygnus Credit Investments USD share finished at 12 US cents in trading 8,164 units and Transjamaican Highway fell 0.09 of a cent to 0.89 of one US cent, with an exchange of 70,500 stocks.
In the preference segment, Eppley 6% preference share ended unchanged at US$1.15 after exchanging 25 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading slips on JSE USD market

Trading on the Jamaica Stock Exchange US dollar market Monday, with the volume of stocks traded declining 28 percent, with 54 percent less value than on Friday, resulting in nine securities trading, compared to eight on Friday with two rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index gained 0.49 points to end at 200.46.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 148,446 shares were traded for US$51,199 compared to 207,350 units at US$110,809 on Friday. Trading averaged 16,494 units at US$5,689 against 25,919 shares at US$13,851 on Friday, with a month to date average of 19,390 shares at US$6,533 versus 20,114 units at US$6,744 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share shed 0.96 of a cent to end at 6 US cents after trading 112,188 shares, Margaritaville fell 0.98 of one cent to close at 14 US cents, with 3,165 units crossing the market, Productive Business Solutions remained at US$1 after trading 31 stocks. Proven Investments gained 0.5 of a cent in closing at 23 US cents, with 4,733 stock units crossing the market, Sterling Investments ended unchanged at 2 US cents with the swapping of 200 units, Sygnus Credit Investments USD share ended at 12 US cents, with 3,200 stocks changing hands and Transjamaican Highway rose 0.05 of a cent in closing at 0.98 of one US cent after trading 550 shares.
In the preference segment, Equityline Mortgage Investment preference share ended unchanged at US$1.85 in exchanging four stock units and JMMB Group 5.75% declined 30.75 cents to close at US$1.7425 with 24,375 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Three changes to ICTOP10

The past week ended with new entrants to the ICTOP listing, with Dolphin Cove and Paramount Trading reentering the Junior Market list while 138 Student Living enters the TOP10 Main market list.
Jetcon Corporation and Lasco Financial are out of the Junior Market TOP10, and Caribbean Cement left the Main Market list.
The Junior Market suffered some declines, no doubt connected to investors focusing on the latest IPO – OneonOne Educational Services to hit the market, as they seek funds to go into the issue, continuing a feature visible in the market for most popular IPOS. The Main Market moves were less pronounced, with just one significant fall.
In the Junior Market, Elite Diagnostic gained 7 percent to $3.45 and General Accident was up 8 percent to $5.50. Access Financial and CAC 2000 dipped 13 percent to $20.01 and $7.20, respectively and Caribbean Cream and Jetcon Corporation slipped 6 percent to $4.02 and $1.20, respectively. Caribbean Assurance Brokers ended 4 percent lower at $2.50 but has limited stocks offered, with most offers over $2.70.
The Main Market ended the week with Guardian Holdings jumping a sharp 29 percent to $650 on limited volume. There are now less than 1,000 shares offered for sale. At the close, there was an offer of 76 shares at $594 and the highest bid was $505 to buy 2012 shares. Profit for the June Quarter was TT$256 million, up 220 percent from $80 million in 2021, with six months moving up by 70 percent from $256 million to TT$436 million. The EPS comes out at TT$1.88 or J$43. The other big move was by Productive Business Solutions, falling 12 percent to US$1.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market is projected to rise by 243 percent and the Main Market TOP10 is projected to gain an average of 239 percent each to May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Volume up, prices fall on JSE USD market

Trading surged on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks rising 965 percent, valued at 1,869 percent more than on Thursday. Market activity led to movement in eight securities, similar to Thursday, with four declining and four ending unchanged.
Overall, 207,350 shares traded for US$110,809 up from 19,463 units at US$5,629 on Thursday.
Trading averaged 25,919 shares at US$13,851 against 2,433 shares at US$704 on Thursday, with an average of 20,114 shares at US$6,744 for the month to date compared to 18,456 units at US$4,713 on the previous day. July ended with an average of 49,665 units for US$3,449.
On a day when there were no winners, the JSE US Denominated Equities Index lost 8.31 points to end at 199.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with higher bids than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 6.96 US cents after trading 2,434 shares, Margaritaville ended at 14.98 US cents with an exchange of two units, Productive Business Solutions declined 14 cents to US$1 while exchanging five shares. Proven Investments fell 0.45 of a cent to 22.5 US cents after trading 8,210 stocks, Sterling Investments closed at 2 US cents, with 29,452 stocks changing hands, Sygnus Credit Investments USD share shed 0.8 of a cent to 12 US cents with an exchange of 33 shares and Transjamaican Highway lost 0.02 of a cent in closing at 0.93 of a US cent after trading 52,061 units.
In the preference segment, JMMB Group 6% finished at 93.5 US cents, exchanging 115,153 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading nosedives on JSE USD market

Trading on Thursday ended, with the volume of stocks traded declining 92 percent after the value dropped 94 percent from Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in eight securities traded, compared to nine on Wednesday with four rising, one declining and three ending unchanged.
The JSE US Denominated Equities Index gained 2.01 points to end at 208.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.1. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 19,463 shares were traded for US$5,629 versus 253,464 units at US$93,203 on Wednesday. Trading averaged 2,433 units at US$704 against 28,163 shares at US$10,356 on Wednesday, with a month to date average of 18,456 shares at US$4,713 versus 24,865 units at US$6,317 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two ended with lower offers.
At the close, First Rock Real Estate USD share popped 0.46 of a cent to end at 6.96 US cents, after 58 shares crossed the market, Margaritaville finished at 14.98 US cents after trading seven stock units, Proven Investments gained 0.2 of a cent to close at 22.95 US cents, with a trader of 7,247 stocks. Sterling Investments ended at 2 US cents in trading 234 units  Sygnus Credit Investments USD share rose 0.82 of one cent to end at 12.8 US cents after an exchange of 6,423 units, Sygnus Real Estate Finance USD share fell 0.13 of one cent to 10.5 US cents after exchanging 322 stock units and Transjamaican Highway rallied 0.05 of a cent to end at 0.95 of one US cent in exchanging 1,799 shares.
In the preference segment, JMMB Group 6% ended unchanged at 93.5 US cents after closing, with 3,373 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Increased trading for JSEUSD Market

Trading volume was marginally higher at the close of the Jamaica Stock Exchange US dollar market, on Wednesday, with the value increasing 181 percent more than on Tuesday, from nine securities trading, compared to 11 on Tuesday and ended with three rising, three declining and three ending unchanged.
A total of 253,464 shares were traded for US$93,203, up from 243,827 units at US$33,140 on Tuesday. Trading averaged 28,163 units at US$10,356, compared to 22,166 shares at US$3,013 on Tuesday, with month to date average of 24,865 shares at US$6,317. July ended with an average of 49,665 units for US$3,449. The JSE US Denominated Equities Index slipped 2.82 points to 206.27.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share finished at 6.5 US cents with an exchange of 29,980 shares, Margaritaville ended at 14.98 US cents after exchanging four stock units, MPC Caribbean Clean Energy slipped 1 cent to US$1.29 after 66 stocks changed hands. Proven Investments remained at 22.75 US cents, with 40,176 units crossing the exchange, Sterling Investments increased half a cent in ending at 2 US cents in an exchange of 52 stocks, Sygnus Credit Investments USD share popped 0.86 of a cent to end at 11.98 US cents with eight stock units changing hands. Sygnus Real Estate Finance USD share shed 1.37 cents to end at 10.63 US cents, with 234 units crossing the market and Transjamaican Highway advanced 0.02 of a cent to close at 0.9 of one US cent trading 100,000 shares.
In the preference segment, JMMB Group 6% dropped 16.5 cents in closing at a 52 weeks’ low of 93.5 US cents after exchanging 82,944 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling prices dominant on JSE USD Market

Trading closed on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks traded declining 86 percent at marginally less valued than on Friday, resulting in 11 securities traded, compared to 10 on Friday with no rising, six falling and five ending unchanged.
The JSE US Denominated Equities Index lost 0.78 points to end at 209.09.
The PE Ratio, a measure used to compute appropriate stock valuations, averages 8.7, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 243,827 shares were traded for US$33,140 compared to 1,735,411 units at US$33,791 on Friday. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended at 6.5 US cents after an exchange of 75,715 shares, Margaritaville closed at 14.98 US cents after exchanging 148 units, MPC Caribbean Clean Energy remained at US$1.30 in exchanging two stock units. Proven Investments shed 0.25 of a cent in ending at 22.75 US cents after trading 118,758 stocks, Sterling Investments lost 0.13 of one cent to 1.95 US cents, with 11,599 stocks crossing the exchange, Sygnus Credit Investments USD share declined 0.87 of a cent to 11.12 US cents with the swapping of 1,061 stock units. Sygnus Real Estate Finance USD share fell 1 cent to close at 12 US cents, with 67 shares crossing the market and Transjamaican Highway dipped 0.08 of a cent in closing at 0.88 of one US cent with an exchange of 36,230 units.
In the preference segment, Eppley 6% preference share lost 14.6 cents to end at US$1.15 in switching ownership of 110 stock units, JMMB Group 5.75% remained at US$2.05 with one stock clearing the market and JMMB Group 6% finished at US$1.10 in an exchange of 136 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.