The Jamaica Stock Exchange US Dollar Market closed Wednesday, with a near 100 percent fall in the volume and value of stocks traded, compared to unusually high trading on Tuesday, following Transjamaican Highway trading more than 111 million shares. At the close of the exchange, seven securities changed hands, compared with nine on Tuesday, with prices of one rising, four declining and two unchanged.
The market closed following an exchange of 299,786 shares for US$17,915, versus 111,613,440 stock units at US$6,726,739 on Tuesday.
Trading ended with an average of 42,827 shares at US$2,559, down sharply from 12,401,493 stock units at US$747,415 on Tuesday. Trading month to date, averages 1,221,085 units at US$76,000 compared with 1,312,727 stock units at US$81,712 on the preceding day and an average of 120,090 units at US$9,981.in September.
The US Denominated Equities Index declined by 2.16 points to 276.40. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 17. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close, Productive Business Solutions ended at 83.09 US cents after trading of 113 stocks, Proven Investments rallied 0.3 of a cent to finish at 6 US cents and closed with an exchange of 7,823 units, Quantas Advantage dropped 1.25 cents to close at 12.26 US cents, with 700 shares changing hands. Sterling Investments remained at 2.24 US cents with investors dealing in 3,637 stock units, Sygnus Credit Investments fell 0.54 of a cent in closing at 6.03 US cents with 2,363 shares clearing the market, Sygnus Real Estate Finance USD share dipped by 0.59 of a cent to finish at 4.4 US cents with an exchange of 173 units and Transjamaican Highway shed 0.06 of one cent and ended at 5.94 US cents after 284,977 stocks passed through the market.
Prices of securities trading are those for the last transaction.
The ten winning stocks this week advanced between 5.97 percent to 37.74 percent, with real estate and insurance companies being prominent. The ten top losers fell between 5.53 percent and 28.97 percent. Financial service sector is heavily represented.
The remaining five were the Palace Amusement at 9.09 percent, A.S. Bryden at 8.21 percent, Proven Investments at 7.43 percent, Mayberry Group at 6.95 percent and Massy Holdings at 5.53 percent. Six of the ten losers were investment or financial companies, which points to selling pressure in that segment. It is notable that Mayberry Jamaican Equities was among the biggest winners while its related company, Mayberry Group, was among the decliners.
The forecast also overlaps with the past week’s movers. Berger Paints, Margaritaville and 138 Student Living were all winners this week, which suggests recent momentum is consistent with the ICInsider.com forecast. but, QWI Investments and Palace were both among the week’s losers, but are forecast to enjoy gains of 433 percent and 300 percent respectively. Investors may see this week’s declines in those two companies as a potential entry point, though forecasts of this size should be treated with caution given the volatility the Main Market showed this week.
The market closed with an average of 275,790 shares for US$31,957, up from 46,526 stocks at just US$3,022 on Friday. Trading month to date, averages 80,642 units at US$7,744 compared with 49,976 stock units at US$3,940 on the preceding day and an average of 120,090 shares for US$9,981.for September.
The market closed with an exchange of 511,787 shares for US$33,241 after rising from 345,233 stock units at US$22,598 on Thursday.
The market closed with an exchange of 345,233 shares for US$22,598 compared to 451,658 stock units at US$30,462 on Wednesday.
The market closed with an exchange of 236,327 shares, down 67 percent from 709,279 stock units on Monday, resulting in a value of US$16,739 after tumbling 62 percent from US$43,937 on Monday.
The market closed with an exchange of 709,279 shares for US$43,937, down from 743,959 stock units at US$54,674 on Friday.
At the close, trading ended with an exchange of 681,520 shares for US$106,010, up from 520,462 stock units at US$43,778 on Thursday.
The market closed with an exchange of 1,110,051 shares for US$92,931 after surging from 393,635 stock units at US$34,946 on Monday.
The market closed with an exchange of 393,635 shares for US$34,946, compared to 510,507 stock units at US$35,262 on Friday.