Trading surged at the close of market activity on Thursday, with the volume of shares trading rising 1,202 percent and the value jumping 2,297 percent higher than Wednesday on the Jamaica Stock Exchange Main Market, even as rising stocks was half as much as those declining.
At the close, the All Jamaican Composite Index jumped 2,495.30 points to end at 442,459.90, the JSE Main Index rose 2,173.27 points to 399,275.50 and the JSE Financial Index added 1.19 points to settle at 99.08. Trading ended with 51 securities, down from 55 on Wednesday, with 14 rising, 29 declining and eight left unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market quotes are based on earnings forecasts by ICInsider.com for companies with financial years ending between the current year and August 2022.
A total of 85,891,988 shares traded for $2,099,498,233, up from 6,598,285 units at $87,589,534 on Wednesday. Carreras led trading with 62.33 million shares for 72.6 percent of total volume, followed by GraceKennedy with 10.01 million units for 11.7 percent of the day’s trade and NCB Financial with 3.93 million units for 4.6 percent market share. Wigton Windfarm ended with 2.53 million units for 2.9 percent market share, Pulse Investments traded 1.89 million units for 2.2 percent market share and Transjamaican Highway 1.19 million units for 1.4 percent of the volume.
Trading ended with an average of 1,684,157 units at $41,166,632, up from 119,969 shares at $1,592,537 on Wednesday and month to date, an average of 455,849 units at $6,006,477, compared to 393,455 units at $4,220,453 on Wednesday. November closed with an average of 233,949 units at $2,695,416.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments climbed $1.50 to $97 while exchanging 106,233 shares, Caribbean Cement dropped $2.24 to end at $70.60 in switching ownership of 544,472 units, Caribbean Producers rose 45 cents to $13.45 in exchanging 35,136 stock units. Eppley Caribbean Property Fund fell 50 cents to close at $43, with 13,768 stocks crossing the market, First Rock Capital shed 40 cents to $11 in an exchange of 40,100 units, Guardian Holdings declined $2 to $513 after exchanging 18,386 shares. Jamaica Producers lost $1.25 to close at $22.05 with the swapping of 1,826 stock units, JMMB Group declined $1 to end at $38, with 38,027 stocks clearing the market, Kingston Properties gained 74 cents in ending at $9.49 after trading 100 stocks. NCB Financial fell $1.02 in closing at $125.98, with 3,926,391 shares changing hands, Palace Amusement climbed $5 to $1050 after trading 97 units, Radio Jamaica lost 35 cents to end at $2.90 in an exchange of 325,031 stock units. Sagicor Group rallied $3 to end at $56 closed trading 54,009 units, Sagicor Real Estate Fund shed 49 cents to close at $8, with 6,743 stocks crossing the market, Scotia Group dropped 28 cents to $37.61 trading 104,335 shares. Sygnus Credit Investments popped 25 cents to $14.90 with an exchange of 1,043,947 stock units and Sygnus Real Estate Finance shed 59 cents to close at $15.41 after exchanging 2,765 shares.
In the preference segment, Eppley 7.50% preference shares lost $1.38 to end at $6, with 10,320 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Plunge in JSE USD market index
Trading on Wednesday ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands surging 17,386 percent after pulling in 34,486 percent more funds than on Tuesday and resulting in a 14.07 points plunge in the US Denominated Equities Index to 201.50 as no stock rose for the day.
Five securities, traded against six on Tuesday, with none rising, three declining and two ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratios use earnings forecasted by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
A total of 15,364,161 units traded at US$3,329,669 compared to 87,866 shares traded for US$9,627 on Wednesday. Trading ended with an average of 3,072,832 shares at US$665,934, compared to 14,644 units at US$1,605 on the previous day and the month to date averages 446,786 shares at US$71,142 compared to 324,073 shares at US$43,348 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than their last selling price and two with lower offers.
At the close, First Rock Capital USD share dipped 0.46 of a cent to close at 6.5 US cents in an exchange of 1000,000 shares, Productivity Solutions traded one stock unit at $1.10 after losing 23 cents, Proven Investments slipped 0.01 of a cent to end at 22.99 US cents after trading 14,208,137 units, Sygnus Credit Investments USD share ended at 12.9 US cents, with 10,006 stocks crossing the market and Transjamaican Highway finished trading at 0.84 of one US cent, with 146,017 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More gains for JSE USD market
Trading on Wednesday ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands declining after trading 56 percent attracting 163 percent more funds than on Tuesday and resulting in a 2.55 points rise in the US Denominated Equities Index to 215.57 as rising stocks edged out those falling.
Similar to trading Tuesday, six securities changed hands, with two rising, one declining and three ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.8. The PE ratios use earnings forecasts by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 87,866 shares traded for US$9,627 versus 198,530 units at US$3,666 on Tuesday. Trading averaged 14,644 units at US$1,605, against 33,088 shares at US$611 on the previous day, with the month to date averaging 324,073 shares at US$43,348 versus 342,455 units at US$45,828 on Tuesday. November ended with an average of 79,766 units for US$10,928.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than their last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share popped 0.01 of a cent to close at 6.96 US cents in an exchange of 5,450 shares, Proven Investments ended at 23 US cents after trading 10,911 units, Sterling Investments finished at 2.1 US cents as 2,522 stock units changed hands. Sygnus Credit Investments USD share rose 0.85 of a cent to end at 12.9 US cents, with 50,485 stocks crossing the market and Transjamaican Highway fell 0.01 cents in ending at 0.84 of one US cent, with 18,489 shares changing hands.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.999 with an exchange of 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Best results in 8 years for Trinidad stocks
The Trinidad and Tobago Stock Exchange is on track to record its best performance in eight years, with market activity gathering momentum in the second half of the year to be up nearly 17 for the year to date, just shy of the 17.7 percent in 2013.
Trading ended Wednesday, with two stocks hitting 52 weeks’ high as an equal number of stocks rising and falling after trading 299 percent more shares, valued 142 percent more than on Tuesday, at the close of trading on the Trinidad and Tobago Stock Exchange.
At the close, 15 securities traded compared to 17 on Tuesday, with five stocks each rising, declining and trading unchanged. The Composite Index added 1.41 points to close at 1,486.70, for a rise of 12.4 percent year to date. The All T&T Index rose 6.47 points to 2,068.51, up 16.7 percent for the year to date and the Cross-Listed Index dropped 0.56 points to settle at 121.11, up by 2.6 percent for the year.
A total of 487,407 shares traded, for $11,558,864, in contrast to 122,108 units at $4,034,922 on Tuesday. An average of 32,494 units traded at $770,591 compared to 7,183 at $237,348 on Tuesday, with trading month to date averaging 22,477 units at $301,865 versus 21,998 units at $279,285. The average trade in November amounts to 35,109 units at $290,897.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Ansa McAl traded 440 shares unchanged at $59.49, Clico Investment Fund rose $2.50 in ending at a 52 weeks’ high of $31 with 60,645 units changing hands, FirstCaribbean International Bank fell 2 cents to $6.13 with an exchange of 2,000 stock units. GraceKennedy declined 13 cents to close at $6.05, with 120,000 stocks changing hands, Guardian Holdings shed 33 cents to close at $30 with the swapping of 7,914 units, JMMB Group dropped 2 cents in ending at $2.24 after exchanging 330 stocks. Massy Holdings climbed $1 to close at a 52 weeks’ high of $106 in an exchange of 12,238 stock units, National Enterprises advanced 1 cent in closing at $3.30 after 6,000 shares changed hands, NCB Financial Group remained at $8 in switching ownership of 69,100 units. One Caribbean Media lost 11 cents to close at $4.69 in trading 5 stocks, Republic Financial Holdings spiked $2.02 to end at $140.02, with 22,011 stock units crossing the market, Scotiabank finished unchanged at $68, with 243 shares clearing the market. Trinidad & Tobago NGL popped $1.35 in closing at $21 after trading 185,866 units, Unilever Caribbean ended unchanged at $16.20 after trading 158 stocks and West Indian Tobacco remained at $28.44 while exchanging 457 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for JSE USD stocks
Trading on Tuesday ended with the volume of shares changing hands rising 91 percent, but with 77 percent lower value than on Friday, as the final week of the year for the Jamaica Stock Exchange US dollar market, commenced activity, resulting in more stocks declining than those rising.
Trading ended with six securities changing hands, compared to seven on Friday with prices of two rising, three declining and one left unchanged.
The JSE US Denominated Equities Index gained 2.21 points to end at 213.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.7. The PE ratio uses earnings forecasts by ICInsider.com for each company with the financial year ending during the current year up to August 2022.
Overall, 198,530 shares traded for US$3,666 compared to 103,747 units at US$16,128 on Friday. Trading averaged 33,088 units at US$611, versus 14,821 shares at US$2,304 on Friday, with the month to date averaging 342,455 shares at US$45,828 versus 361,994 units at US$48,684 on Friday. November ended with an average of 79,766 units for US$10,928.
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.
At the close, First Rock Capital USD share dropped 0.01 of a cent to close at 6.95 US cents, with 40 shares changing hands, Productive Business Solutions declined 0.4 of a cent in closing at US$1.33 in trading one unit, Proven Investments rose half a cent to end at 23 US cents in exchanging 5,734 stocks. Sterling Investments finished at 2.1 US cents after trading 100 stock units, Sygnus Credit Investments USD share fell 0.85 of a cent to 12.05 US cents in an exchange of 7,156 stock units and Transjamaican Highway popped 0.14 of one cent to end at 0.85 of a US cent trading 185,499 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.