Trading plunges on the JSE USD Market


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.

Big gains ahead for Main Market IC TOP10


The Jamaica Stock Exchange Main Market ended the past week, with up and down sharp movements. First Rock Real Estate Investments led the winners with a gain of 37.74 percent, while Pulse Investments led the losers, with a fall of 28.97 percent. Looking ahead, ICInsider.com forecasts gains of between 160 percent and 598 percent over the next twelve months, with an average projected gain of 378 percent for the IC TOP10 Main Market stocks, led by Berger Paints at 598 percent and followed by Margaritaville at 524 percent.

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.
Among the winners, First Rock Real Estate Investments was well ahead of the field at 37.74 percent. followed by Mayberry Jamaican Equities with 20.12 percent. 138 Student Living is next with a rise of 14.46 percent and General Accident Insurance, 14.14 percent. The second half of the table was more modest. Sagicor Select Funds rose 9.30 percent, Sygnus Real Estate Finance 8.67 percent, Berger Paints 8.11 percent, Margaritaville 7.60 percent, Supreme Ventures 6.12 percent and Tropical Battery 5.97 percent. Real estate was a clear theme, with First Rock Real Estate Investments, 138 Student Living and Sygnus Real Estate Finance in the top six.
Declining stocks were heavier in financial and investment. Pulse Investments fell 28.97 percent, the steepest decline of the week, followed by VM Investments at 15 percent and QWI Investments at 11.76 percent. Radio Jamaica lost 10.57 percent and Barita Investments 10.37 percent. 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 ICInsider.com forecast for the next twelve months is Bly bullish. Berger Paints is projected to gain 598 percent, followed by Margaritaville at 524 percent and Sygnus Capital at 510 percent, so the top three are all expected to exceed 500 percent. JMMB Group is forecast at 450 percent and QWI Investments at 433 percent. The next five are Iamaica Broilers at 379 percent, Palace Amusement at 300 percent, 138 Student Living at 223 percent, Lasco Distributors at 201 percent and Stanley Motta at 160 percent. Seven of the ten are projected to gain 300 percent or more, and even the lowest projection, for Stanley Motta, is 160 percent. The list mixes financial companies with consumer, property and manufacturing names, so the forecast is not tied to a single sector.
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.

Quantas heads JSE USD Market


Trading surged on Monday, with Quantas Advantage and Transjamaican Highway, each trading more than a million units on the Jamaica Stock Exchange US Dollar Market. Trading ended with an exchange of 3,033,688 shares, up 493 percent from 511,787 units on Friday, worth US$351,530, up 958 percent from US$33,241. Trading ended with an exchange of 11 securities, similar to trading on Friday, with prices of four rising, five declining and two ending unchanged.

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 US Denominated Equities Index fell 5.21 points to finish at 274.89. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 17.5. 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, First Rock Real Estate USD share lost 0.1 of a cent, after closing at 1.9 US cents, with 1,743 units crossing the market, Proven Investments climbed 0.38 of one cent to end at 6 US cents after trading of 26,777 stocks, Quantas Advantage increased 0.2 of a cent and ended at 15 US cents with 1,610,702 shares clearing the market. Sterling Investments declined by 0.05 of a cent to finish at 2.2 US cents after an exchange of 1,987 stocks, Sygnus Credit Investments popped 0.55 of a cent to close at 6.58 US cents, with 72 shares changing hands and Transjamaican Highway fell by 0.1 of one cent and ended at 6.1 US cents, with 1,375,528 stocks crossing the exchange.
In the preference segment, JMMB Group US8.5% shed 4 cents to end at US$1.01 in trading 16,000 units, AS Bryden 6% ended at US$1 with 2 stocks being traded, Productive Business Solutions 9.25% dropped 50 cents to finish at US$11 in an exchange of 103 shares. Sygnus Credit Investments 8% remained at US$10, with investors trading 748 units and Sygnus Credit Investments 8% gained 39 cents to close at US$9.99 after an exchange of 26 shares.
Prices of securities trading are those for the last transaction.

Trading jumps on the JSE USD Market


Trading resulted in higher volume and value of stocks passing through the US Dollar Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded rising 48 percent and the value jumping 47 percent compared to Thursday, following an exchange of 11 securities, compared with 12 on Thursday, with prices of two rising, seven declining and two ending unchanged.

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.
Trading ended with an average of 46,526 shares at US$3,022 after increasing 28,769 stock units at US$1,883 on Thursday. Trading for the month to date averages 49,976 units at US$3,940 compared with 50,619 stock units at US$4,111 on the preceding day and an average of 120,090 units for US$9,981in September.
The US Denominated Equities Index dropped 4.00 points to finish at 280.10. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
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 of trading, AS Bryden skidded 0.05 of a cent and ended at a 52 weeks low of 16.85 US cents, with investors swapping 2,541 units, First Rock Real Estate USD share remained at 2 US cents with a transfer of 21,418 stocks, Proven Investments lost 0.15 of a cent to end at 5.62 US cents after an exchange of 70,781 shares. Quantas Advantage declined 1.57 cents in closing at 14.8 US cents with 2,961 stock units clearing the market, Sterling Investments fell 0.03 of one cent to finish at 2.25 US cents after a transfer of 52 shares, Sygnus Credit Investments slipped 0.57 of a cent to close at 6.03 US cents in trading 19,840 stock units. Sygnus Real Estate Finance USD share climbed 0.39 of a cent to 4.99 US cents with 13,300 units crossing the market and Transjamaican Highway dropped 0.2 of a cent to close at 6.2 US cents after trading of 380,627 stocks.
In the preference segment, JMMB Group US8.5% increased 1 cent to end at US$1.05 with 70 shares changing hands. Productive Business Solutions 9.25% shed 40 cents to finish at US$11.50, with investors trading 97 stocks and Sygnus Credit Investments 8% ended at US$10 in an exchange of 100 units.
Prices of securities trading are those of the last transaction.

Trading drops on the JSE USD Market


Trading activity softened for another day on the US Dollar Market of the Jamaica Stock Exchange on Thursday, with the volume of stocks traded slipping by 24 percent with the value dipping 26 percent compared to Wednesday, following an exchange of 12 securities, up from 11 on Wednesday and ending with prices of four rising, three declining and five ending unchanged.

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.
Trading ended with an average of 28,769 shares worth US$1,883 after slipping from 41,060 stocks at US$2,769 on Wednesday. Trading for the month to date, averages 50,619 units at US$4,111 compared with 56,197 stock units at US$4,679 on the preceding day and an average of 120,090 units for US$9,981.in September.
The US Denominated Equities Index increased 1.36 points to finish at 283.78. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
The PE Ratio, one of the most used measures to compute appropriate stock values, averages 17.7. 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 of trading, AS Bryden ended at 16.9 US cents with an exchange of 220 shares, First Rock Real Estate USD share remained at 2 US cents with 59 units passing through the market, Margaritaville increased 0.97 of a cent and ended at 7.41 US cents after an exchange of 11 units. Productive Business Solutions ended at 72.25 US cents with 323 stocks clearing the market, Proven Investments skidded 0.23 of a cent to end at 5.77 US cents in trading 16,094 shares, Quantas Advantage climbed 1.37 cents to finish at 16.37 US cents with 674 stocks crossing the market. Sterling Investments popped 0.18 of a cent to 2.28 US cents with investors trading 300 units, Sygnus Credit Investments gained 0.07 of a cent to end at 6.6 US cents with a transfer of 21,683 stock units, Sygnus Real Estate Finance USD share remained at 4.6 US cents in an exchange of 4,300 shares and Transjamaican Highway fell 0.03 of a cent to finish at 6.4 US cents after trading of 301,518 stocks.
In the preference segment, Productive Business Solutions 9.25% dipped 50 cents and ended at US$11.90 with 3 units crossing the exchange and Sygnus Credit Investments 8% ended at US$10 with investors dealing in 48 stock units.
Prices of securities trading are those of the last transaction.

Trading drops on the JSE USD Market


Declining stocks ended trading with a 3 to 1 advantage over advancing stocks as market activity slowed on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with trading of nine securities, up from seven on Monday, with prices of two rising, six declining and one ending firm, resulting in a rise in the USD Index. The volume and the value of stocks traded declined from Monday’s levels at the close.

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.
Trading averaged 26,259 shares at US$1,860 down from 101,326 stock units at US$6,277 on Monday. The market ended the month to date averaging 60,823 units at US$5,263 after sliding from 72,344 stock units at US$6,397 the preceding day and an average of 120,090 units for US$9,981.in September.
The US Denominated Equities Index advanced 0.95 points to settle at 283.98. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two 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 of trading, First Rock Real Estate USD share dipped 0.57 of a cent to 1.85 US cents with 5,500 units passing through the market, Margaritaville slipped 0.4 of one cent to finish at 5.6 US cents with a transfer of 493 stocks, Proven Investments declined 0.01 of a cent and ended at 5.75 US cents after trading of 4,651 shares. Sterling Investments ended at 2.1 US cents in switching owners of 5,265 stock units, Sygnus Credit Investments rose 0.25 of one cent in closing at 6.9 US cents with investors trading 32,988 shares, Sygnus Real Estate Finance USD share shed 0.39 of a cent to end at 4.6 US cents with 500 units crossing the exchange and Transjamaican Highway dropped 0.23 of one cent in closing at 6.21 US cents in trading 186,689 stocks.
In the preference segment, Sygnus Credit Investments 8% climbed 15 cents to US$10, with 150 stock units crossing the market and Sygnus Credit Investments 8% lost 20 cents to end at US$9.60 as investors exchanged 91 shares.
Prices of securities trading are those of the last transaction.

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Trading slips on the JSE USD Market


Trading on the Jamaica Stock Exchange US Dollar Market slowed on Monday, with volume and value of stocks traded slipping below Friday’s levels, following an exchange of seven securities, down from 11 on Friday, with prices of two rising, three declining and two ending unchanged.

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.
Trading ended with an average of 101,326 shares at US$6,277, after an increase from 67,633 stock units at US$4,970 on Friday. Trading for the month to date averages 72,344 units at US$6,397, compared with 62,201 stock units at US$6,440 on the previous day and lower than an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index declined 9.51 points to end at 282.97. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the commonly used measures to calculate appropriate stock values, averages 17.1. 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 of trading, AS Bryden ended at 16.9 US cents with a mere 2 units crossing the market, First Rock Real Estate USD share climbed 0.32 of a cent and ended at 2.42 US cents with an exchange of just 2 stock units, Proven Investments dropped 0.23 of a cent to 5.76 US cents with 97 shares changing hands. Quantas Advantage rose 0.06 of a cent to close at 14.88 US cents after trading of 4,244 stock units, Sterling Investments lost 0.18 of a cent to close at 2.1 US cents with a mere one share passing through the market and Transjamaican Highway dipped 0.05 of one cent to end at 6.44 US cents in switching ownership of 704,923 stock units.
In the preference segment, AS Bryden 6% remained at US$1 after an exchange of 10 units.
Prices of securities trading are those of the last transaction.

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Trading rose on the JSE USD Market


Trading climbed on Friday, with an infrequent high of 15 securities changing hands, up from just eight on Thursday on the US Dollar Market of the Jamaica Stock Exchange. The market closed with a 31 percent rise in the number of shares exchanged, with a 142 percent surge in value compared with Thursday. Trading activity ended with one stock price rising, five declining and nine ending unchanged.

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.
Trading ended with an average of 45,435 shares at US$7,067 compared to 65,058 stock units at US$5,472 on Thursday. Trading for the month to date averages 121,664 units at US$10,234, after slipping from 128,766 stock units at US$10,529 on the previous day, compared to August with an average of 115,072 units for US$12,480.
The US Denominated Equities Index declined 4.89 points to conclude trading at 297.36. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.1. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, AS Bryden remained at 16.9 US cents in a switch of ownership of a mere one unit, First Rock Real Estate USD share ended at 2 US cents with 4,979 stocks changing hands, MPC Caribbean Clean Energy remained at 23 US cents in an exchange of 550 shares. Productive Business Solutions ended at 85 US cents with a transfer of just 2 stock units, Proven Investments declined 0.44 of one cent to close at 5.56 US cents with 16,242 shares passing through the market, Quantas Advantage shed 0.94 of one cent to end at 14 US cents after trading 3,529 stocks. Sterling Investments ended at 2.28 US cents in an exchange of 533 stock units, Sygnus Credit Investments fell 0.01 of a cent to 6.73 US cents with investors trading 48,150 stock units, Sygnus Real Estate Finance USD share rallied 0.2 of one cent to finish at 4.99 US cents after a transfer of 20 shares and Transjamaican Highway dipped 0.16 of one cent and ended at 6.6 US cents with investors dealing in 588,285 stocks.
In the preference share segment, JMMB Group 7.5% remained at US$2.10 with a transfer of 3,925 units, JMMB Group US8.5% lost 0.01 of a cent to close at US$1.23 with investors swapping 11,112 stock units. AS Bryden 6% remained at US$1 with an exchange of 198 shares, Sygnus Credit Investments 8% ended at US$10 with 194 stocks crossing the market and Sygnus Credit Investments E8.5% ended at US$10 as investors exchanged 3,800 units.
Prices of securities trading are those of the last transaction.

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Trading climbed on the JSE USD Market


Trading climbed on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, following a steep 182 percent jump in the volume of stocks traded, with a 166 percent increase in value compared to Monday. The market closed with an exchange of 11 securities, compared with nine on Monday, with prices of two rising, two declining and seven ending unchanged.

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.
Trading ended with an average of 100,914 shares at US$8,448, up from 43,737 stock units at US$3,883 on Monday. Trading month to date averages 137,881 units at US$11,281, after slipping from 140,915 stock units at US$11,513 on the previous day and compared with August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index rallied 3.26 points to conclude trading at 306.24. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.2. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, Productive Business Solutions ended at 85 US cents with 112 stock units passing through the market, Proven Investments rallied 0.01 of one cent to end at 5.99 US cents after investors exchanged 28,016 shares, Quantas Advantage slipped 1.45 cents and ended at 12.5 US cents with 1,800 shares changing hands. Sterling Investments remained at 2.28 US cents with a transfer of 2,590 units, Sygnus Credit Investments remained at 6.79 US cents in an exchange of 2,433 stocks, Sygnus Real Estate Finance USD share ended at 4.79 US cents with a mere one share crossing the market and Transjamaican Highway ended at 7 US cents with a transfer of 1,071,880 stock units.
In the preference segment, JMMB Group 7.5% remained at US$2 with investors swapping 88 units, JMMB Group US8.5% remained at US$1.23 in switching ownership of 2,000 stocks. Productive Business Solutions 9.25% fell 20 cents and ended at US$11.55 after trading of 670 units and Sygnus Credit Investments 8% ended at US 7 cents with 2,433 shares changing hands.
Prices of securities trading are those of the last transaction.

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Sluggish trading on JSE US Dollar Market  


Sluggish trading continued on the US Dollar Market of the Jamaica Stock Exchange to start the week on Monday, with the volume of stocks traded declining 23 percent, with a mild slip in value compared to Friday, following an exchange of nine securities, as was the case on Friday, with prices of two rising, none declining and seven ending unchanged.

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.
Trading ended with an average of 43,737 shares at US$3,883 after skidding from 56,723 stock units at US$3,918 on Friday, with a month to date average of 140,915 units at US$11,513, after slipping from 147,912 stock units at US$12,062 on the previous trading day and August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index slipped 0.59 points to wrap up trading at 302.98. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
Fhe PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, First Rock Real Estate USD share gained 0.14 of one cent to end at 2 US cents in an exchange of 264 stocks, Margaritaville remained at 4.31 US cents with 11,428 units crossing the market, Proven Investments ended at 5.98 US cents in an exchange of 10,605 shares. Sterling Investments ended at 2.28 US cents with investors swapping 78 stock units, Sygnus Credit Investments popped 0.01 of a cent and ended at 6.79 US cents after a transfer of 1,722 shares and Transjamaican Highway remained at 7 US cents with 365,904 stocks crossing the exchange.
In the preference segment, JMMB Group 7.5% ended at US$2 with investors swapping 1,600 units, JMMB Group US8.5% remained at US$1.23 after 1,734 stock units cleared the market and Sygnus Credit Investments 8% remained at US$9.60 with an exchange of 300 shares.
Prices of securities trading are those of the last transaction.