The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded declining 43 percent having a 23 percent greater value than on Thursday and resulting in eight securities changing hands, similar to Thursday, with prices of one rising, none declining and seven ending unchanged.
The market closed with an exchange of 147,586 shares for US$21,362 compared to 257,793 stock units at US$17,324 on Thursday.
Trading on Friday averaged 18,448 shares at US$2,670 compared with 32,224 stocks at US$2,166 on Thursday, with trading month to date averaging 37,587 shares at US$2,359 compared with 38,643 units at US$2,342 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index rose 0.34 points to 237.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville ended at 10 US cents in an exchange of 58 shares, Productive Business Solutions remained at US$1.59 with investors trading just two shares, Proven Investments advanced 1.02 cents in closing at 14.67 US cents with an exchange of 44,924 shares.
Sygnus Credit Investments ended at 8.79 US cents with 464 stock units clearing the market and Transjamaican Highway closed at 2.03 US cents after an exchange of 100,000 shares.
In the preference segment, JMMB Group US 8.5% preference share remained at US$1.20 after trading 1,000 stock units, Sygnus Credit Investments US 8% ended at US$10.60 with an exchange of 300 units and Sygnus Credit Investments E8.5% ended at US$10.20 with 838 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
One stock rose on JSE USD market as 7 held firm
JSE USD Market drops
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 29 percent decline in the volume of stocks that changed hands following a 25 percent drop in value compared with market activity on Wednesday, resulting in trading in eight securities, compared to eight on Wednesday with prices of two rising, four declining and two ending unchanged.
The market closed with an exchange of 257,793 shares for US$17,324 down from 363,343 stock units at US$23,058 on Wednesday.
Trading averaged 32,224 units at US$2,166 versus 45,418 shares at US$2,882 on Wednesday, with a month to date average of 38,643 shares at US$2,342 compared with 39,018 units at US$2,352 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index skidded 1.80 points to cease trading at 237.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AS Bryden ended at 22.49 US cents and closed after an exchange of 284 shares, Proven Investments declined 1.02 cents to 13.65 US cents after an exchange of 470 shares, Sterling Investments rose 0.1 of a cent to finish at 1.6 US cents with a transfer of 21,000 stocks.
Sygnus Credit Investments shed 0.01of a cent and ended at 8.79 US cents after an exchange of 2,990 units and Transjamaican Highway fell 0.01 of a cent to close at 2.03 US cents with 230,228 stocks clearing the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.20 with an exchange of 1,900 units. Productive Business Solutions 9.25% preference share rallied 19 cents to US$11.21, with 164 shares crossing the market and Sygnus Credit Investments E8.5% skidded 40 cents to close at US$10.20 with investors transferring 757 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Increased spending on JSE USD stocks
A total of 140 percent more funds passed through the Jamaica Stock Exchange US dollar market on Wednesday, but bought fewer shares than on Tuesday, resulting in trading in eight securities, up from five on Tuesday with prices of three rising, three declining and two ending unchanged.
The market closed with trading of 363,343 shares for US$23,058 compared to 384,592 units at US$9,594 on Tuesday.
Trading averaged 45,418 units at US$2,882 versus 76,918 shares Aat US$1,919 on Tuesday, with a month to date average of 39,018 shares at US$2,352 compared with 38,621 units at US$2,319 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index sank 3.56 points to lock up trading at 239.34.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden ended at 22.49 US cents with investors trading 443 shares, First Rock Real Estate USD share climbed 0.45 of one cent and ended at 4.95 US cents after an exchange of 9,330 stocks, MPC Caribbean Clean Energy remained at 61 US cents, with 14 shares crossing the market.
Proven Investments sank 0.03 of a cent to end at 14.67 US cents with an exchange of 40,533 stock units, Sygnus Credit Investments rose 0.8 of one cent in closing at 8.8 US cents after 118,886 shares passed through the market and Transjamaican Highway lost 0.06 of a cent to close at 2.04 US cents in switching ownership of 193,930 stocks.
In the preference segment, Productive Business Solutions 9.25% preference share advanced 2 cents to US$11.02 with investors swapping 186 units and Sygnus Credit Investments E8.5% fell 10 cents to end at US$10.60 with a transfer of 21 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No winners for JSE USD market
Trading picked up on the Jamaica Stock Exchange US dollar market on Tuesday, with a 222 percent rise in the volume of stocks changing hands with an 18 percent lower value than on Monday and resulting in trading in five securities, down from nine on Monday with prices of four declining and one ending unchanged.
The market closed with an exchange of 384,592 shares for US$9,594 compared to 119,368 units at US$11,630 on Monday.
Trading averaged 76,918 units at US$1,919 up from 13,263 shares at US$1,292 on Monday, with a month to date average of 38,621 shares at US$2,319 compared with 37,077 units at US$2,335 on the previous day and March with an average of 49,394 units for US$3,593.
The US Denominated Equities Index rose 0.86 points to end the day at 242.90.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden ended at 22.49 US cents in an exchange of just one share, Proven Investments fell 0.05 of a cent in closing at 14.7 US cents after 132 stocks passed through the market, Sygnus Credit Investments shed 0.25 of one cent to end at 8 US cents with investors transferring 722 stocks and Transjamaican Highway sank 0.07 of a cent to close at 2.1 US cents with 383,637 units crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share dipped 20 cents and ended at US$11 with traders dealing in 100 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on the JSE USD market
Trading closed with a big drop in the volume and value of stocks changing hands on the Jamaica Stock Exchange US dollar market on Monday, with the volume plunging 86 percent with a 77 percent lower value than on Friday and resulting in trading in nine securities, compared to eight on Friday with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 119,368 shares for US$11,630 compared to 880,808 units at US$49,826 on Friday.
Trading averaged 13,263 shares at US$1,292 down from 110,101 units at US$6,228 on Friday, with a month to date average of 37,077 shares at US$2,335 compared with 38,941 units at US$2,417 on the previous trading day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index climbed 4.33 points to wrap up trading at 242.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden remained at 22.49 US cents after an exchange of 434 shares, First Rock Real Estate USD share dipped 0.05 of a cent to 4.5 US cents with investors transferring 15,951 stocks, Margaritaville ended at 10 US cents and closed after 1,228 shares changed hands. Productive Business Solutions ended at US$1.59 with investors dealing in 100 stock units,
Proven Investments popped 0.75 of one cent to 14.75 US cents, with 40,160 shares crossing the exchange, Sterling Investments lost 0.2 of a cent and ended at 1.5 US cents with traders dealing in 4,200 stock units. Sygnus Credit Investments popped 0.28 of one cent to close at 8.25 US cents in an exchange of 50,407 units and Transjamaican Highway climbed 0.17 of a cent to finish at 2.17 US cents with investors trading 6,858 stock units.
In the preference segment, Sygnus Credit Investments E8.5% remained at US$10.70 with an exchange of 30 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index climbed by 2,382.17 points to 332,588.34, the All Jamaican Composite Index rallied 3,179.32 points to end at 356,115.39, the JSE Main Index jumped 2,452.20 points to end at 319,603.89. The Junior Market Index rose 4.51 points to settle at 3,760.71 and the JSE USD Market Index fell 3.34 points to cease trading at 237.54.
While in Junior Market trading, Dolla Financial led trading with 1.09 million shares followed by Spur Tree Spices with 789,268 stocks and Fosrich with 589,091 units.
This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The market closed on Wednesday with trading of 13,267,148 shares carrying a value of $45,775,484 compared with 13,015,565 units at $53,310,714 on Tuesday.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Kingston Properties increased 32 cents to $8.07 in trading 5,223 stock units, Massy Holdings popped $1.61 to end at $90.16, with 50,020 units crossing the exchange, NCB Financial rallied 38 cents in closing at $60.50, with 3,582 shares changing hands. Pan Jamaica rallied $2.83 to finish at $47 after investors ended trading 3,375 stock units, Proven Investments rose $3.43 and ended at $21.44 with 28,321 stocks changing hands, Sagicor Group rallied 50 cents to close at $41 after an exchange of 24,698 units and Sygnus Real Estate Finance shed 61 cents to close at $11.89 with investors swapping 69 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index slipped 4.61 points to close at 330,206.17, the All Jamaican Composite Index dipped 967.20 points to 352,936.07, the JSE Main Index slipped 87.43 points to end trading at 317,151.69. The Junior Market Index advanced 11.36 points to 3,756.20 and the JSE USD Market Index fell 0.46 points to conclude trading at 240.88.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 19.5 on 2023-24 earnings and 13.1. times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The market closed with the trading of 13,015,565 shares for $53,310,714 compared with 35,464,663 units at $1,090,378,097 on Monday.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Mayberry Group popped 91 cents to close at $7.30 in trading 1,231 stocks, NCB Financial lost $2.38 in closing at $60.12 after exchanging 30,930 shares. Pan Jamaica dropped $4.83 to end at $44.17 with investors swapping 3,932 stocks, Proven Investments skidded $3.44 and ended at a 52 weeks’ low of $18.01 in an exchange of 2,941 units, Sagicor Group declined 95 cents to finish at $40.50 with investors trading 451,812 stock units. Sagicor Real Estate Fund dropped 51 cents to $7.50 after a transfer of 214,151 shares, Seprod dipped $4.50 to finish at $77, with 7,237 stocks crossing the market, Sygnus Real Estate Finance sank $1.49 and ended at $12.50 with an exchange of 11,118 units and Wisynco Group declined 41 cents to close at $20.51, with 34,482 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index fell 1,193.93 points to close at 330,210.8, the All Jamaican Composite Index skidded 2,409.12 points to 353,903.27, the JSE Main Index declined by 1,015.63 points to close at 317,239.12. The Junior Market Index declined 31.61 points to lock up trading at 3,744.84 and the JSE USD Market Index sank 0.69 points to end at 241.34.
In the preference segment, Sygnus Credit Investments C10.5% sank $5.49 to close at $104.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.