AS Bryden jumped to a record high of $45 at the close of trading on the Jamaica Stock Exchange Main Market ended on Friday and GraceKennedy dominated trading with the value of shares traded on a day when the total value exceeded $380 million for the Main market.
The volume of stocks traded climbed 15 percent and the value surged 904 percent higher than in Thursday’s market activity, with trading in 52 securities compared with 57 on Thursday, with prices of 17 stocks rising, 18 declining and 17 ending unchanged.
The market closed on Friday with 19,335,881 shares trading for $380,400,356 up from 16,799,684 units at $37,893,948 on Thursday.
Trading averaged 371,844 shares at $7,315,391 compared to 294,731 units at $664,806 on Thursday and month to date, an average of 197,054 units at $1,580,870, in comparison with 177,507 units at $939,590 on the previous day and December that closed with an average of 264,266 units at $3,755,946.
Wigton Windfarm led trading with 4.96 million shares for 25.7 percent of total volume followed by JMMB Group 7.5% with 4.18 million units for 21.6 percent of the day’s trade,
GraceKennedy ended with 3.29 million units for 17 percent of market share, Carreras closed with 2.46 million units for 12.7 percent market share and Radio Jamaica had an exchange of 1.12 million units for 5.8 percent of total volume.
The All Jamaican Composite Index jumped 3,718.84 points to settle at 359,839.19, the JSE Main Index climbed 3,015.95 points to cease trading at 322,238.80 and the JSE Financial Index popped 0.95 points and closed trading at 68.86.
The Main Market ended trading with an average PE Ratio of 13.6. 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 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden advanced $8.50 in closing at a record high of $45, up 55 percent from the price the stock first traded at on listing as investors exchanged 25,001 stock units on Friday, Barita Investments rose $1.87 to $72.40 after trading 9,624 shares, Caribbean Cement rallied 40 cents to close at $56.90 as investors exchanged 503,525 stocks.
First Rock Real Estate declined $1.04 and ended at $6.01 in switching ownership of 31,007 units, General Accident increased 75 cents to end at $5.75, with 6,000 stocks crossing the market, GraceKennedy fell 50 cents in closing at $79 in an exchange of 3,289,510 stock units. Jamaica Stock Exchange skidded 47 cents to $10.03 with investors dealing in 12,696 shares, JMMB Group climbed 88 cents and ended at $24.68 with a transfer of 1,638 stock units, NCB Financial lost $2.05 to end at $65.45, with 434,995 shares clearing the market. Pan Jamaica popped 30 cents to close at $50.50 with investors transferring 4,051 stock units, Scotia Group gained 50 cents to close at $39.38 after 599,431 stocks were traded and Supreme Ventures rose 51 cents in closing at $25.81 with traders dealing in 4,470 units.
In the preference segment, Jamaica Public Service 7% dropped $6 to close at $42 in an exchange of 870 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 267 percent after 90 percent less money changed hands compared with Wednesday, resulting in trading in eight securities, compared to five on Wednesday with prices of two rising, five declining and one ending unchanged.
The market closed with an exchange of 81,185 shares for US$2,499 compared with 22,109 units at US$25,157 on Wednesday.
Trading averaged 10,148 units at US$312 compared to 4,422 shares at US$5,031 on Wednesday, with a month to date average of 14,540 shares at US$1,073 compared with 15,357 units at US$1,215 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index lost 2.75 points to conclude trading at 238.07.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. 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 five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville rallied 2.3 cents in closing at 12.4 US cents after an exchange of one unit, MPC Caribbean Clean Energy fell 4 cents to 54 US cents with investors trading 878 stocks, Proven Investments lost 1 cent and ended at 13.5 US cents after an exchange of 4,113 shares.
Sterling Investments dipped 0.03 of a cent to 1.57 US cents, with investors exchanging 59,522 stocks, Sygnus Credit Investments slipped 0.5 of one cent to close at 8.5 US cents with an exchange of 3,146 stock units and Transjamaican Highway skidded 0.01 of a cent to 1.7 US cents after 13,522 shares cleared the market.
In the preference segment, JMMB Group 6% rose 1 cent to close trading atUS$1.20, with an exchange of one stock unit and Productive Business Solutions 9.25% preference share ended at US$11.50 with a transfer of two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged declining 84 percent after 680 percent more money changed hands than on Tuesday, resulting in trading in five securities, compared to six on Tuesday with prices of one rising, one declining and three ending unchanged.
The market closed with an exchange of 22,109 shares for US$25,157 compared to 135,574 units at US$3,223 on Tuesday.
Trading averaged 4,422 units at US$5,031 versus 22,596 shares at US$537 on Tuesday, with a month to date average of 15,357 shares at US$1,215 compared with 16,796 units at US$712 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index rose 1.04 points to close at 240.82.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. 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 five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, Productive Business Solutions dropped 1 cent to end at US$1.77 with investors swapping 14 stocks, Proven Investments ended at 14.5 US cents, with 963 shares crossing the market, Sterling Investments remained at 1.6 US cents in an exchange of 64 stocks and Transjamaican Highway ended at 1.71 US cents after 68 units passed through the market.
In the preference segment, JMMB Group 6% advanced 14 cents to close at US$1.19 in an exchange of 21,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 479 percent jump in the volume of stocks changing hands and the value rising 202 percent more than on Monday, resulting in trading in six securities, compared to eight on Monday with two rising, none declining and four ending unchanged.
The market closed with an exchange of 135,574 shares for US$3,223 compared to 23,424 units at US$1,068 on Monday.
Trading averaged 22,596 units at US$537 versus 2,928 shares at US$133 on Monday, with a month to date average of 16,796 shares at US$712 compared with 15,708 units at US$745 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index shed 1.68 points to end at 239.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4.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 none with a lower offer.
At the close, MPC Caribbean Clean Energy popped 1 cent to 58 US cents in trading one stock, Productive Business Solutions ended at US$1.78 with 15 shares being traded, Proven Investments remained at 14.5 US cents in an exchange of 1,537 units. Sterling Investments ended at 1.6 US cents, with 3,113 stocks being traded, Sygnus Credit Investments remained at 9 US cents after a transfer of 10,000 shares and Transjamaican Highway popped 0.03 of a cent to 1.71 US cents with 120,908 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 16,799,684 shares costing a total of $37,893,948 compared to 12,511,690 units at $136,341,735 on Wednesday.
The Main Market ended trading with an average PE Ratio of 13.5. 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 2024.
JMMB Group dipped $1.15 to close at 52 weeks’ low of $23.80, with 41,688 stock units passing through the market, Margaritaville rose $2.58 to $17.58 after exchanging 111 stocks, Massy Holdings skidded $1.45 to $89 in trading 7,007 units. Mayberry Jamaican Equities gained 52 cents to end at $9.53 after an exchange of 68,648 stock units, Sagicor Group lost $2.93 in closing at $42 with a transfer of 114,096 shares, Seprod climbed $1 and ended at $84 with investors trading 2,091 shares and Supreme Ventures shed 60 cents to end at $25.30 in switching ownership of 35,171 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Thursday, the JSE Combined Market Index dropped 991.34 points to 332,385.19, the All Jamaican Composite Index declined 1,252.29 points to 356,120.35, the JSE Main Index dropped 1,306.80 points to 319,222.85. The Junior Market Index added 26.75 points to settle at 3,768.57 and the JSE USD Market Index shed 2.75 points to close at 238.07.
At the close of the market, some of the major rising Main Market stocks are Margaritaville rose $2.58 to $17.58 and Seprod climbed $1 and ended at $84.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. 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 with an exchange of 12,511,690 shares at $136,341,735 from 5,418,018 units at $22,750,182 on Tuesday.
The Main Market ended trading with an average PE Ratio of 13.6. 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 2024.
Kingston Properties fell 50 cents and ended at $7.05 in switching ownership of 33,468 stocks being traded, Mayberry Group fell 95 cents to $7.50 with 12,001 units, Mayberry Jamaican Equities shed 89 cents to close at $9.01 in trading 30,803 stocks. NCB Financial gained $1.30 in closing at $67.50 with 46,518 units crossing the exchange, Proven Investments dropped $1.30 and ended at $22.18 with traders dealing in 725 stocks, Sagicor Group skidded $1.07 to end at $44.93 after a transfer of 60,625 shares. Salada Foods popped 47 cents to $3.94, with 2,084 stock units crossing the market, Scotia Group advanced 70 cents to close at $38.80 after an exchange of 17,100 shares and Seprod sank $1.99 and ended at $83 with investors transferring 36,072 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Wednesday, the JSE Combined Market Index rallied 503.65 points to end trading at 336,013.76, while the All Jamaican Composite Index declined 3,548.11 points to 357,372.64, the JSE Main Index declined 2,758.68 points to lock up trading at 320,529.65. The Junior Market Index slipped 5.71 points to 3,741.82 points and the JSE USD Market Index rallied 1.02 points to end trading at 240.82.
At the close of the market, Main Market stocks rising are AS Bryden that rallied $1 and ended at $40, Caribbean Cement climbing $2.24 to $57, NCB Financial gaining $1.30 in closing at $67.50.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. 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 with just 5,418,018 shares trading for a mere $22,750,182 from 11,530,654 units at $37,231,165 on Monday.
The Main Market ended trading with an average PE Ratio of 13.7. 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 2024.
Pan Jamaica lost 30 cents to end at $50.20 in switching ownership of 358 shares. Scotia Group shed 90 cents and ended at $38.10 with investors trading 34,014 units, Seprod popped $2.49 to $84.99 while exchanging 45,431 stocks, Supreme Ventures advanced 49 cents to $25.99 in trading 19,835 stock units. Sygnus Credit Investments dropped 39 cents in closing at $10.90, with 115,762 shares crossing the market and Wisynco Group gained $1.14 and ended at $21.20 in trading 121,700 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Tuesday, the JSE Combined Market Index rallied 503.65 points to 336,013.76, the All Jamaican Composite Index popped 900.26 points to end the day at 360,920.75, the JSE Main Index popped 554.13 points to 323,288.33. The Junior Market Index slipped 1.83 points to close at 3,747.53 and the JSE USD Market Index shed 1.06 points to lock up trading at 239.80.
At the close of the market, Main Market stocks rising are AS Bryden up by $5.51 to end at a record closing high of $39, Eppley Caribbean Property Fund rising $1.98 to $40, Jamaica Stock Exchange climbing $1.01 to $11.02, Seprod popping $2.49 to $84.99 and Wisynco Group gaining $1.14 and ended at $21.20.
ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.