Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the market major market indices rising following a 5 percent rise in the volume of stocks traded with a 25 percent lower value than on Friday, after trading 59 securities similar to Friday and ending with prices of 22 stocks rising, 20 declining and 17 ending unchanged.
At the close of trading on Monday, 11,530,654 shares changed hands at $37,231,165 versus 10,952,841 units at $49,613,181 on Friday.
Trading averaged 195,435 shares at $631,037 compared to 185,641 units at $840,901 on Friday and month to date, an average of 162,073 units at $813,300 compared to 153,732 units at $858,866 on the previous trading day, well short of December that closed with an average of 264,266 units at $3,755,946.
Wigton Windfarm traded 6.16 million shares and led trading and accounted for 53.4 percent of total volume, Transjamaican Highway was next with a total of 1.46 million units for 12.6 percent of the day’s trade and Ciboney Group with 719,955 units for 6.2 percent market share.
The All Jamaican Composite Index rose 82.60 points to 360,020.49, the JSE Main Index gained 36.27 points to wrap up trading at 322,734.20 and the JSE Financial Index dipped 0.07 points to 70.27.
The Main Market ended trading with an average PE Ratio of 13.4. 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 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden climbed 38 cents to end at $33.49 in switching ownership of 5 stock units, First Rock Real Estate dropped $1.23 to $6.77 with traders dealing in 4,693 shares, Guardian Holdings lost $3.99 in closing at $395 after a transfer of 25 stocks. Kingston Properties rose 54 cents to $7.55 with 379 units crossing the exchange, Margaritaville declined $2.58 and ended at $15 with investors transferring 88 stocks, Mayberry Group advanced 52 cents to $8.57 in an exchange of 40 units. MPC Caribbean Clean Energy popped 99 cents and ended at $90 with investors swapping 165 shares, Proven Investments gained $1.04 in closing at $23.48 with an exchange of 3,102 stock units, Sagicor Group increased $4.38 to end at $45.98, with 33,919 shares crossing the market.
Salada Foods fell 67 cents to close at $3.30 while exchanging 785 stocks, Scotia Group rallied $1 to $39 with 41,955 units being traded, Seprod popped $5.50 in closing at $82.50 after a transfer of 13,572 stocks. Supreme Ventures dipped 49 cents to close trading at $25.50, with 24,378 shares changing hands, Sygnus Credit Investments advanced 59 cents and ended at $11.29 in trading 16,082 stock units and Wisynco Group sank $1.23 to end at $20.06 after an exchange of 27,355 units.
In the preference segment, Jamaica Public Service 7% skidded $5 in closing at $40 with investors trading 1,352 stocks, JMMB Group 7.35% – 2028 rose 30 cents to $3.30 after 443,516 units passed through the market and Productive Business Solutions 10.5 % preference share shed $20 to end at $1,060 in an exchange of 641 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No gains for JSE USD stocks on Monday
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 72 percent and valued 69 percent lower than on Friday, resulting in the trading of eight securities compared to six on Friday with none rising, two declining and six ending unchanged.
Overall, 23,424 shares were exchanged for US$1,068 compared with 13,643 units at US$3,500 on Friday.
Trading averaged 2,928 units at US$133 compared to 2,274 shares at US$583 on Friday, with a month to date average of 15,708 shares at US$745 in comparison with 19,968 units at US$949 on the previous trading day and compares to December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index sank 0.82 points to end the day at 241.48.
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, First Rock Real Estate USD share remained at 4.89 US cents after it closed with an exchange of 1,900 units,
Margaritaville shed 2.3 cents to finish at 10.1 US cents, with 87 stocks crossing the market, MPC Caribbean Clean Energy ended at 57 US cents with investors trading 165 shares. Productive Business Solutions ended at US$1.78 after an exchange of one stock unit, Proven Investments remained at 14.5 US cents with 3,765 shares crossing the market, Sygnus Credit Investments ended at 9 US cents in trading 170 stocks and Transjamaican Highway sank 0.04 of a cent and ended at 1.68 US cents after exchanging 17,335 units.
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$11.50 with investors trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
5% gain for JSE USD market year to date
Stocks gained 5 percent in the first week of trading in 2024 at the close on Friday on the Jamaica Stock Exchange US dollar market. Trading ended with a 95 percent drop in the volume of stocks changing hands, valued 69 percent lower than Thursday and resulting in six securities being traded, compared to five on Thursday with three rising, one declining and two ending unchanged.
Overall, 13,643 shares were traded, for US$3,500 compared to 250,247 units at US$11,360 on Thursday.
Trading averaged 2,274 units at US$583 compared with 50,049 shares at US$2,272 on Thursday, with a month to date average of 19,968 shares at US$949 compared with 25,867 units at US$1,071 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index climbed 4.94 points to close at 242.30, up 4.9 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. 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 one with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.39 of a cent to close at 4.89 US cents in an exchange of 40 stock units, Proven Investments dipped 0.1 of one cent to 14.5 US cents with investors swapping 921 shares, Sterling Investments rose 0.03 of a cent to end at 1.6 US cents with 11,076 units changing hands. Sygnus Credit Investments remained at 9 US cents after closing with an exchange of 25 stocks and Transjamaican Highway climbed 0.12 of one cent and ended at 1.72 US cents with 1,306 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$11.50 after an exchange of 275 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
Trading remained subdued on the Jamaica Stock Exchange US dollar market on Thursday, even with a 53 percent rise in the volume of stocks changing hands, valued 298 percent more than on Wednesday. Market activity resulted in trading of five securities, compared to six on Wednesday with prices of two rising, one declining and two ending unchanged.
At the close of the market on Thursday, 250,247 shares were traded for US$11,360 up from 163,964 units at US$2,851 on Wednesday.
Trading averaged 50,049 units at US$2,272 versus 27,327 shares at US$475 on Wednesday, with a month to date average of 25,867 shares at US$1,071 compared with 16,566 units at US$609 on the previous day. In comparison, December ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index lost 1.31 points to conclude trading at 237.36.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. 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 none with a lower offer.
At the close, Proven Investments remained at 14.6 US cents in an exchange of 488 units, Sygnus Credit Investments rose 0.5 of a cent to 9 US cents and closed after 4,091 stocks changed hands and Transjamaican Highway lost 0.12 of a cent to end at 1.6 US cents after a transfer of 239,600 shares.
In the preference segment, JMMB Group 6% advanced 4 cents in closing at US$1.05 trading 6,001 stock units and Productive Business Solutions 9.25% preference share ended at US$11.50 while exchanging 67 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lift for the JSE USD Market
The US dollar market of the Jamaica Stock Exchange closed higher for a second day of trading in the new year on Wednesday, following a 219 percent rise in the volume of stocks changing hands, but with a 44 percent lower value than on Tuesday, resulting from trading in six securities compared to seven on Tuesday with the prices of three rising, two declining and one ending unchanged.
The market closed with 163,964 shares being traded for US$2,851 compared with 51,389 units at US$5,071 on Tuesday.
Trading averaged 27,327 units at US$475, versus 7,341 shares at US$724 on Tuesday, with a month to date average of 16,566 shares at US$609 compared with December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index rose 0.86 points to end at 238.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. 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 none with a lower offer.
At the close, First Rock Real Estate USD share gained 0.13 of a cent and ended at 4.5 US cents while investors exchanged 1,000 stock units,
Productive Business Solutions ended at US$1.78 with traders dealing in two shares, Proven Investments shed 0.35 of a cent to end at 14.6 US cents after investors traded 1,100 shares. Sterling Investments fell 0.03 of a cent in closing at 1.57 US cents with a transfer of just one stock, Sygnus Credit Investments rose 0.49 of one cent to 8.5 US cents with investors dealing in 9 shares and Transjamaican Highway popped 0.09 of a cent to 1.72 US cents after an exchange of 161,852 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Monday, the JSE Combined Market Index slipped 335.55 points to 335,510.11, the All Jamaican Composite Index rallied 82.60 points to 360,020.49, the JSE Main Index rose 36.27 points to end at 322,734.20. The Junior Market Index fell 30.78 points to end at 3,749.36 and the JSE USD Market Index shed 0.83 points to 240.86.
At the close of the market, Main Market stocks rising are MPC Caribbean Clean Energy popping 99 cents and ending at $90, Proven Investments rising $1.04 in closing at $23.48, Sagicor Group jumping $4.38 to end at $45.98, Scotia Group rising $1 to $39 and Seprod climbing $5.50 in closing at $82.50.
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.
At the close of trading on Friday, the JSE Combined Market Index shed 1,100.91 points to close at 335,745.66, the All Jamaican Composite Index dropped 3,528.13 points to 359,937.89, the JSE Main Index lost 1,060.72 points and wrapped up trading at 322,697.93. The Junior Market Index fell 12.12 points to end at 3,780.14 and the JSE USD Market Index rose 4.38 points to 241.69.
In the Junior Market, One Great Studio led trading with 1.13 million shares followed by Dolla Financial with 727,676 units and Everything Fresh with 565,867 units.
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.
Trading ended after 10,952,841 shares changed hands for $49,613,181 versus 6,738,490 stock units for $30,536,095 on Thursday.
The Main Market ended trading with an average PE Ratio of 13.4. 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 dropped 49 cents to close at $7.01 after an exchange of 10,445 shares. NCB Financial shed 50 cents to end at $67 after 58,382 units passed through the market, Proven Investments rallied 34 cents to $22.44 after an exchange of 5,129 stocks, Sagicor Group dipped $5.39 and ended at $41.60 with investors swapping 34,746 stock units. Scotia Group skidded $1.29 in closing at $38 after an exchange of 50,732 shares, Seprod sank $8 to close at $77 with investors trading 28,326 units, Supreme Ventures rallied $1.39 to end at $25.99 with 20,775 stocks crossing the market and Sygnus Credit Investments declined 60 cents to $10.70 as investors exchanged 33,660 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated 
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 their financial year ending around August 2024.
NCB Financial rose $1 to close at $67.50 in an exchange of 19,439 shares, Pan Jamaica gained 50 cents to close trading at $50.50 with an exchange of 468 stocks, Proven Investments shed 40 cents to close trading at $22.10, with 50,116 stock units changing hands. Scotia Group climbed 79 cents to end at $39.29 after 6,125 shares passed through the market, Seprod rallied $2.10 in closing at $85 with investors trading 30,503 stocks, Stanley Motta popped 46 cents and ended at $5.82 with investors trading 4,000 stock units. Supreme Ventures declined $1.35 to $24.60 with an exchange of 343,822 stock units and Wisynco Group lost 80 cents to close at $21.50, with 28,959 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 7,001,247 shares were traded for $56,070,502 down from 11,588,245 units at $66,472,610 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 their financial year ending around August 2024.
Mayberry Group dropped 70 cents in closing at $7.90 after 7,314 units passed through the market, MPC Caribbean Clean Energy rose 49 cents to close at $89.50 and closed after 5 shares were traded. NCB Financial shed $1.50 and ended at $66.50 with an exchange of 152,874 stocks, Pan Jamaica declined 70 cents to $50, with 2,028 units changing hands, Proven Investments fell 98 cents and ended at $22.50 in an exchange of 8,932 stock units. Scotia Group dipped $1 to end at $38.50 with investors trading 13,371 shares, Seprod advanced $2.91 in closing at $82.90 after switching ownership of 3,375 units, Stanley Motta fell 68 cents to close at $5.36 with investors trading 1,939 stocks. Supreme Ventures gained 95 cents to $25.95 in an exchange of 43,554 stock units and Wisynco Group rose $1.25 to a 52 weeks’ closing high of $22.30, with 71,584 shares crossing the market.
In the preference segment, Eppley 7.75% preference share gained $3.99 and ended at a 52 weeks’ closing high of $22.99 with a transfer of 3 stocks.