Declining stocks dominated trading for a second day on the Jamaica Stock Exchange Main Market on Friday after an 18 percent decline in the volume of stocks trading, with 54 percent less value than on Thursday, with trading in 49 securities down from 53 on Thursday, with 16 rising, 25 declining and eight ending unchanged.
A total of 8,629,483 shares were traded for $70,734,289 compared to 10,480,449 units at $152,509,794 on Thursday.
Trading averaged 176,112 shares at $1,443,557 versus 197,744 shares at $2,877,543 on Thursday and month to date, an average of 209050 units at $1,543,568 compared with 211,314 units at 1,550,441 on the previous day. October closed with an average of 231,243 stock units at $1,464,224.
Mayberry Jamaican Equities led trading with 1.70 million shares for 19.7 percent of total volume followed by Wigton Windfarm with 1.62 million units for 18.7 percent of the day’s trade and JMMB Group 7.35% – 2028 with 661,370 units for 7.7 percent market share.
The All Jamaican Composite Index shed 2,954.01 points to end at 380,361.84, the JS Main Index dipped 3,393.09 points to 335,377.03 and the JSE Financial Index fell 1.50 points to settle at 79.88.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments rallied $1.08 to $87.08 in trading 6,208 shares, Caribbean Cement climbed 99 cents to $57.99 with a transfer of 152,435 stock units, Carreras lost 40 cents in closing at $8.60 with 133,530 stocks changing hands. Eppley dropped $5 to end at $34 with an exchange of 668 units, Eppley Caribbean Property Fund popped $4.89 to finish at $44.89 with investors transferring 142 stocks,
First Rock Real Estate declined 92 cents to $12.20 with the swapping of 12,491 shares. Guardian Holdings advanced $19 to close at $550 after 860 units crossed the market, Jamaica Broilers dipped $1.64 to $26.35 in trading 31,523 stock units, JMMB Group fell $1.50 to a 52 weeks’ closing low of $34 after a transfer of 78,044 stock units. Kingston Properties lost 97 cents to a 52 weeks’ closing low of $5.53 after exchanging 230,448 stocks, Kingston Wharves shed $1.40 to settle at $34 trading 7,960 units, Mayberry Investments gained 44 cents to end at $7 in switching ownership of 4,922 shares. NCB Financial rose $1.97 to close at $84.97 with 142,623 stock units clearing the market, PanJam Investment dropped $3.50 ending at $49 in an exchange of 1,159 stocks, Proven Investments declined $1 to a 52 weeks’ closing low of $26 in exchanging 16,676 shares. Sagicor Group fell 80 cents to a 52 weeks’ closing low of $49.20 as investors swapped 49,480 units, Scotia Group advanced $2.28 to close at $35.80 in trading 48,837 shares,
Seprod rose $1 to end at $70 with 20,478 units changing hands and Supreme Ventures dropped $2.49 to $23.06 with 37,419 stock units crossing the market.
In the preference segment, Jamaica Public Service 9.5% rallied $530.77 to end at $2,830.77 with the swapping of one stock and JMMB Group 7.25% preference share lost 42 cents in closing at $2.68 in exchanging 1,002 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Bounce for JSE USD Market
The Jamaica Stock Exchange US dollar market bucked the negative trend in the rest of the market and bounced on Thursday, after an 837 percent increase in the volume of stocks exchanged, valued at 393 percent more than on Wednesday and resulting in the trading of 10 securities, up from six on Wednesday, with two rising, five declining and three ending unchanged.
Overall, 66,713 shares were traded for US$6,828, up from 7,120 units at US$1,384 on Wednesday.
Trading averaged 6,671 units at US$683 up from 1,187 shares at US$231 on Wednesday, with month to date average of 29,309 shares at US$3,560 down from 31,824 units at US$3,880 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index jumped 14.05 points to end at 256.85, with the market rising 34.4 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, MPC Caribbean Clean Energy dipped 0.01 of a cent to close at 64.99 US cents in exchanging 30 shares, Productive Business Solutions shed 30 cents to end at US$1.70 after hitting a record high of 42.25 while exchanging 51 stock units, Proven Investments dipped 0.39 of a cent to 18.62 US cents with investors transferring 14,937 units and
Sterling Investments lost 0.2 of one cent in ending at 1.9 US cents with the swapping of 36,108 stocks. Sygnus Credit Investments J$ share remained at 14.62 US cents in exchanging seven stock units, Sygnus Credit Investments USD share rallied 0.04 cents to close at 9.98 US cents as investors exchanged 11,500 stock units and Transjamaican Highway declined 0.01 of one cent in closing at 0.92 US cents after investors finished trading of at 2,490 shares.
In the preference segment, Productive Business 9.25% preference share ended at US$11 after exchanging 31 units, Eppley 6% preference share advanced 1 cent to end at US$1.13, with 386 stocks changing hands and JMMB Group 6% remained at US$1.07 after the trading of 1,173 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged rising 103 percent, with 179 percent value than on Monday, resulting from trading in 11 securities, compared to seven on Monday with prices of three rising, two declining and six unchanged.
A total of 539,675 shares were traded for US$65,957 compared with 266,444 units for US$23,622 on Monday.
Trading averaged 49,061 units at US$5,996, up from 38,063 shares at US$3,375 on Monday, with the month to date average of 34,013 shares at US$4,141 compared with 31,745 units at US$3,861 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index gained 1.32 points to end at 245.40.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share fell 0.37 of one cent to close at 7.6 US cents, with the swapping of 12,240 shares, Margaritaville ended at 14 US cents while exchanging eight stocks, Productive Business Solutions remained at US$2 as one stock unit crossed the market. Proven Investments rallied 1 cent to 20 US cents after a transfer of 296,697 units,
Sterling Investments ended at 1.95 US cents after 8,544 units passed through the market, Sygnus Credit Investments USD share climbed 0.88 of a cent to 9.99 US cents after exchanging 28 shares. Sygnus Real Estate Finance USD share remained at 11 US cents after trading ten stocks and Transjamaican Highway advanced 0.02 of a cent to 0.93 of one US cent after an exchange of 220,195 stock units.
In the preference segment, Eppley 6% preference share lost 1 cent after ending at US$1.12 with trading of just one unit, Equityline Mortgage Investment preference share remained at US$1.67 in an exchange of one stock and JMMB Group 5.75% ended at US$2 with an exchange of 1,950 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market up 27% for the year
The stock of Productive Business Solutions surged sharply when trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining and value rising moderately over Thursday, resulting in an exchange of seven securities, compared to eight on Thursday with three rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index surged 19 percent after adding 38.74 points to end at 247.51, up 26.6 percent for the year to date.
Overall, 59,640 shares traded for US$17,809 versus 65,606 units at US$16,127 on Thursday.
Trading averaged 8,520 units at US$2,544 compared to 8,201 shares at US$2,016 on Thursday, with month to date average of 31,075 shares at US$3,913 versus 33,751 units at US$4,075 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real EstateUSD share lost 0.88 of a cent to close at 7.1 US cents, with 4,000 shares clearing the market,
Productive Business Solutions jumped 62 cents to a 52 weeks’ high of US$2 after exchanging five units, Proven Investments popped 0.98 of one cent ending at 19.98 US cents in exchanging 205 stocks. Sygnus Credit Investments USD share shed 0.88 of a cent to end at 9.12 US cents with 2,814 stock units crossing the market and Transjamaican Highway rallied 0.01 of a cent to 0.95 of a US cent with investors transferring 41,500 units.
In the preference segment, Productive Business 9.25% preference share fell US$1 to end at US$11 with a transfer of 16 stocks and JMMB Group 5.75% ended at US$1.50 in trading 11,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Just gains no losses
The Jamaica Stock Exchange US dollar market ended trading on Thursday, with the volume of stocks exchanged declining 89 percent with a 12 percent reduction in value compared with activities on Wednesday, resulting in eight securities traded, up from six on Wednesday with four rising, no declining and four ending unchanged.
Just 65,606 shares were traded for US$16,127, down from 622,317 units at US$18,378 on Wednesday.
Trading averaged 8,201 units at US$2,016 versus 103,720 shares at US$3,063 on Wednesday, with a month to date average of 33,751 shares at US$4,075 compared with 37,759 units at US$4,398 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 3.50 points to end at 208.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and two with lower offers.
At the close, Margaritaville ended at 14 US cents, with 13 shares crossing the exchange, Proven Investments advanced 0.34 of one cent after ending at 19 US cents in switching ownership of 28,919 stock units, Sygnus Credit Investments USD share ended at 10 US cents in trading 974 stocks.
Sygnus Real Estate Finance USD share remained at 11.64 US cents as seven shares passed through the market and Transjamaican Highway increased 0.05 cents to end at 0.94 US cents in an exchange of 28,819 units.
In the preference segment, Productive Business 9.25% preference share climbed US$1 to end at US$12 after an exchange of one share. JMMB Group 5.75% ended at US$1.50 with a transfer of 6,840 stocks and JMMB Group 6% rallied 2 cents in closing at US$1.09 with 33 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 10,480,449 shares were traded for 152,509,794 compared to 23,960,723 units at $104,197,869 on Wednesday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
JMMB Group lost 55 cents to finish at 52 weeks’ low of $35.50 after hitting an intraday low of $30, with 1,907,834 stock units crossing the exchange, Kingston Properties declined 45 cents to close at $6.50 trading 1,977 shares, Kingston Wharves lost 60 cents in closing at $35.40 after trading at a 52 weeks’ intraday low of $30, with 1,003,077 units changing hands. Massy Holdingsfell $1 to $80 with a transfer of 16,384 stock units, Mayberry Investments lost 79 cents to end at $6.56 with 5,935 shares clearing the market, PanJam Investment dropped 50 cents to close at $52.50 after hitting a 52 weeks’ intraday low of $30 in exchanging 8,544 stocks. Portland JSX advanced $1.20 to $10.20 in trading 12 stock units, Proven Investments shed $1 to 52 weeks’ low of $27 after hitting the day’s low of $25.40 with a transfer of 22,014 units, Sagicor Group dipped 49 cents to $50 in an exchange of 108,413 stocks after the price hit a 52 weeks’ intraday low of $45.20. Scotia Group fell $1.98 to close at $33.52 with the swapping of 1,890 shares, Seprod shed $2 to $69 as investors switched ownership of 659 units,
Supreme Ventures fell 45 cents to end at $25.55 in transferring 57,953 stocks and Sygnus Real Estate Finance gained 90 cents to end at $10.10 trading ten stock units.
At the close, Berger Paints shed 85 cents to end at $9.15 with 663 shares crossing the market, Carreras fell 48 cents in ending at $8.60 after trading 180,526 units, Guardian Holdings jumped $28.50 to close at $528.50 after an exchange of 18,157 stock units. JMMB Group dipped 94 cents to a 52 weeks’ low of $36.05 in switching ownership of 929,318 stocks, Massy Holdings rallied $1 to end at $81 as investors exchanged 115,035 stocks, NCB Financial declined $1.47 to $83.03 with investors transferring 140,898 units. Palace Amusement dropped $75.12 in closing at $716.88 in transferring 40 shares, PanJam Investment lost 50 cents to close at $53 after 2,265 stock units cleared the market, Proven Investments dipped $1.30 ending at a 52 weeks’ low of $28 with an exchange of 44,415 stocks. Sagicor Group declined 51 cents to end at $50.49 in trading 35,467 shares, Scotia Group gained $1.16 to end at $35.50 with the swapping of 60,071 stock units, Supreme Ventures fell $1 to $26 after exchanging 59,226 units.
Sygnus Credit Investments USD share advanced $1.57 in closing at 52 weeks’ high of $17.24 after trading 74 stocks.
A total of 12,140,427 shares were traded for $121,031,433, up from 10,954,351 units at $87,091,829 on Monday.
The All Jamaican Composite Index fell 629.97 points to 389,849.52, the JSE Main Index shed 570.04 points to 342,155.36 and the JSE Financial Index dipped 0.57 points to 81.37.
Kingston Wharves rallied $1 in ending at $36, with 4,664 stocks crossing the exchange, Massy Holdings popped $2.48 in closing at $80 with an exchange of 300,853 shares, Mayberry Investments dipped 43 cents to end at $6.97 after exchanging 16,540 stock units. Mayberry Jamaican Equities advanced $1.19 to $13.19 after 10,523 units crossed the market, NCB Financial fell 50 cents to end at $84.50 with investors transferring 588,864 stock units, 138 Student Living shed 43 cents to $4.70 with 102,865 stocks changing hands. Palace Amusement jumped $72 in closing at $792, with four units clearing the market, PanJam Investment declined $1 to close at $53.50 after exchanging 14,003 shares, Proven Investments climbed 60 cents in ending at $29.30 and trading 421 shares. Sagicor Group rose $1 to $51, with 74,561 units crossing the market after the price hit an intraday 52 weeks’ low of $48.30. Scotia Group increased 83 cents to end at $34.34 with the swapping of 165 stocks, Seprod rose $1 to $71 after 4,419 stock units crossed the exchange. Supreme Ventures advanced 98 cents to $27 after an exchange of 325,615 stocks and Sygnus Credit Investments USD share increased $1.42 to close at a 52 weeks’ high of $15.67 in an exchange of 16 units.
In the preference segment, Eppley 7.75% preference share popped $1.10 in closing at a 52 weeks’ high of $21.10 after a transfer of 114 shares, Productive Business Solutions 10.5% preference advanced $100 to close at $1150 in switching ownership of five shares and Productive Business Solutions 9.75% preference share dipped $5 to end at $140 in trading 10 stock units.
Jamaica Stock Exchange fell to a 52 weeks’ low of $15 and Proven Investments declined to a 52 weeks’ low of $28.70.
At the close, Barita Investments declined $2.50 after ending at $88.50 with investors transferring 8,518 shares, Eppley Caribbean Property Fund shed $1 to close at $39 after a transfer of 20 stock units, GraceKennedy popped $2.01 to $85.01 with investors exchanging 48,708 units. Guardian Holdings advanced $19.99 in closing at $519.99 with the swapping of just one stock, Jamaica Broilers dropped $1.45 to $27.02 with an exchange of 25,129 shares, Kingston Wharves lost $2 to end at $35 after a transfer of 3,900 units. Massy Holdings declined $2.48 to $77.52 in trading 695 stock units, Mayberry Jamaican Equities fell $1.20 to close at $12 with an exchange of 94,150 stocks, Portland JSX dropped $1.20 to $9 with 1,000 units changing hands. Scotia Group lost $1.99 in closing at $33.51 trading 4,170 stock units, Seprod fell $1 to finish at $70 in exchanging 123,635 shares,
Supreme Ventures shed $1.97 to settle at $26.02 with a transfer of 89,935 stocks and Sygnus Real Estate Finance declined $1.02 in closing at $9.18 after exchanging 4,845 shares.
A total of 7,723,200 shares were exchanged for $106,579,158 versus 12,082,376 units at $88,446,679 on Thursday.
At the close, Berger Paints dipped 58 cents to end at $10.40 in exchanging 6,600 shares, Caribbean Cement declined 60 cents in closing at $57.10 with a transfer of 60,204 units, Caribbean Producers dropped 64 cents after ending at $12.33 in switching ownership of 159,053 stock units. Eppley rose advanced $3.98 to $39 after trading 123 stocks, First Rock Real Estate gained $1.05 to close at $14.05 with 14,656 stock units crossing the market, GraceKennedy fell $3.50 to close at $83 after clearing the market with 159,196 stocks. Guardian Holdings shed $29.98 to $500 as investors exchanged 212 units, Jamaica Producers lost $1.70 to finish at $17.90 with an exchange of 3,529 shares, JMMB Group shed 74 cents in closing at $37.55 in transferring 3,674 shares. Kingston Properties rallied 44 cents to end at $7 with the swapping of 4,822 stock units, Kingston Wharves rose 70 cents to end at $37 trading 1,204 units, Mayberry Jamaican Equities dropped 76 cents to $13.20 in exchanging 524 stocks.
138 Student Living gained 44 cents in closing at $4.92 with investors transferring 2,026,320 units, PanJam Investment climbed $1 to close at $54.50 with the swapping of 400 stocks, Seprod popped $3.50 to settle at $71 after trading 11,920 shares and Supreme Ventures lost 96 cents to end at $27.99 after exchanging 14,148 stock units.