The volume of stocks trading on Thursday, plunged sharply, with 21 percent fewer shares changing hands than the other ready low level of activity on Wednesday, on the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Trading ended with seven securities changing hands, compared to six on Wednesday, with prices of two stocks rising, two declining and three remaining unchanged.
The JSE US Denominated Equities Index popped 0.61 points to 185.23. The PE Ratio, a measure that computes appropriate stock values, averages 11.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Just 8,864 shares traded for US$1,755, from 11,190 units at US$3,776 on Wednesday. Trading averaged 1,266 units at US$251, compared to 1,865 shares at US$629 on Wednesday, while the month to date average 214,561 units for at US$10,543 versus 231,528 units at US$11,362 on Wednesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Capital remained at 7.5 US cents, with 1,053 shares crossing the exchange, Productive Business Solutions traded 10 stock units at 77 US cents, Proven Investments dropped 0.84 of a cent in ending at 23.05 US cents after exchanging 6,746 stock units. Sterling Investments fell 0.4 of a cent to 1.74 US cents, with 500 units clearing the market, Sygnus Credit Investments J$ share climbed 0.7 of a cent to 12.6 US cents, with 105 units being swapped, Sygnus Credit Investments US$ stock remained at 13 US cents, with 400 stock units changing hands and Transjamaican Highway advanced 0.02 of a cent to close at 0.88 US cents with an exchange of 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Low volume again for JSE USD Market
JSE USD Market rises on Wednesday
Trading on Wednesday ended with trading of 90 percent fewer shares than on Tuesday on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks rising than falling.
Six securities changed hands, compared to three on Tuesday, with prices of three rising, one declining and two remaining unchanged.
The JSE US Denominated Equities Index rallied 4.90 points to 184.74. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 11,190 shares traded for US$3,776 compared to 115,641 units at US$19,049 on Tuesday. Trading averaged 1,865 units at US$629 compared to 38,547 shares at US$6,350 on Tuesday, with a month to date average of 231,528 units at US$11,362 in contrast to 248,332 units at US$12,147 on Tuesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one stock with a lower offer.
At the close, Proven Investments shed 0.1 of a cent to close at 23.89 US cents in trading 8,321 shares, Sygnus Credit Investments Ja$ share remained unchanged at 11.9 US cents, with just 2 units changing hands, Sygnus Credit Investments USD share advanced 0.98 of a cent to 13 US cents in trading at 600 stocks. Transjamaican Highway rallied 0.06 of a cent to 0.86 US cents in switching ownership of 1,358 stock units.
In the preference segment, JMMB Group 5.5% remained at US$2 after exchanging 800 stock units and JMMB Group 6% gained 5 cents in ending at US$1.08 and exchanging 109 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 on Monday ended after trading 64.4 percent fewer shares than on Friday on the US dollar market of the Jamaica Stock Exchange, resulting in an even number of stocks rising and falling.
Compared to five on Friday, trading ended with five securities changing hands, with two stocks rising, two declining and one ending unchanged.
The JSE US Denominated Equities Index rose 0.71 points to end at 185.33. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 210,327 shares traded, for US$23,249 compared to 590,911 units at US$25,111 on Friday. Trading averaged 42,065 units at US$4,650, from 118,182 shares at US$5,022 on Friday. Trading averages 256,299 units for the month to date at US$12,367 in contrast to 270,774 units at US$12,888 on Friday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital fell 0.46 of a cent to 7.5 US cents, with the trading of 223 shares, Proven Investments lost 0.02 of one cent to close at 23.98 US cents in an exchange of 90,484 units, Sterling Investments rose 0.09 of a cent to 2.14 US cents after exchanging 16,250 stock units. Sygnus Credit Investments remained unchanged at 12.02 US cents after 3,370 stocks were traded and Transjamaican Highway climbed 0.05 of a cent in closing at 0.8 US cents with an exchange of 100,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market slides into the weekend
Trading on Friday ended with the market declining after investors transferred 95 percent fewer shares than on Thursday at 80 percent less the value, resulting in more stocks falling than rising.
Trading ended with five securities changing hands compared to six on Thursday, with prices of one stock rising, three declining as one remained unchanged.
The JSE US Denominated Equities Index fell 3.78 points to end at 184.62 and dipped into negative territory for the year. The PE Ratio, a measure that computes appropriate stock values, averages 11.7 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 590,911 shares traded for US$25,111, down from 13,016,194 units at US$128,328 on Thursday. Trading averaged 118,182 units at US$5,022 from 2,169,366 shares at US$21,388 on Thursday. Month to date, trading averages 270,774 units at US$12,888 compared to 281,831 units at US$13,458 on Thursday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows two stocks ended with the bid higher than its last selling price and two with lower offers.
At the close, Margaritaville slipped 0.1 of a cent to end at 8.9 US cents in exchanging 500 shares, Proven Investments fell 0.1 of one cent to finish at 24 US cents, with 83,634 stock units changing hands, Sygnus Credit Investments gained 0.02 of a cent to settle at 12.02 US cents with 6,630 stocks traded and Transjamaican Highway dropped 0.1 of one cent to 0.75 US cents with 500,000 units crossing the exchange.
In the preference segment, Equityline Mortgage Investment remained at US$2, with 147 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Heavy trading in Transjamaican shares on Thursday
Investors exchanged 1,230 percent more shares on the JSE USD market on Thursday than on Wednesday, due primarily to a spike in trading in Transjamaican Highway shares that accounted for 99.8 percent of the units exchanged after 12.9 million of the company’s shares changed hands.
Six securities traded, compared to four on Wednesday, with prices of three rising, two declining and one remaining unchanged. The US Denominated Equities Index lost 0.75 points to end at 188.40.
The PE Ratio, a measure that computes appropriate stock values, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 13,016,194 shares changed hands at US$128,328, 45 percent less than on Wednesday, which ended trading, with 978,654 units at US$233,868.
Trading averaged 2,169,366 units at US$21,388 in contrast to 244,664 shares at US$58,467 on Wednesday. Trading month to date averages 281,831 units at US$13,458, up from 102,066 units at US$12,703 on Wednesday. July ended with an average of 178,541 units for US$18,099.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than its last selling price and two with lower offers.
At the close, First Rock Capital climbed 0.91 of a cent to 7.96 US cents trading 700 shares, Proven Investments ended at 24.1 US cents, with an exchange of 13,290 stock units, Sygnus Credit Investments lost 0.03 of a cent to 12 US cents with a transfer of 3,202 stocks and Transjamaican Highway fell 0.04 of a cent to 0.85 US cents with 12,990,002 shares crossing the exchange.
In the preference segment, JMMB Group 5.75% popped 0.1 of one cent to finish at US$2.03 with 5,000 stocks traded and JMMB Group 6% rose 2 cents to US$1.03 with 4,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE All Jamaican Composite Index surged 4,192.74 points to close at 453,321.02, the Main Index climbed 3,384.75 points to 412,952.02 and the JSE Financial Index rose 0.88 points to 101.00.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and two with lower offers.
Kingston Wharves gained 50 cents to $48.50 with 2,000 stocks clearing the market, Mayberry Jamaican Equities lost 75 cents in closing at $8.60 with the swapping of 7,592 stock units, NCB Financial Group slipped 25 cents to $130 with 8,867 stocks changing hands. Palace Amusement dropped $84 to $950 in trading 30 shares, Portland JSX rose $1 to $8 in switching ownership of 1,754 stocks. Radio Jamaica popped 35 cents ending at a 52 weeks’ closing high of $4.65 after exchanging 1,362,141 shares. Sagicor Group rallied $4.60 to $56.60 in trading 160,355 stock units, Scotia Group shed 88 cents to $39.12 with 10,802 units crossing the exchange, Seprod shed $1 to $63 with the swapping of 4,784 stocks, Sygnus Credit Investments slipped 45 cents to $14.30, with 55,555 stock units crossing the market.
Stocks declined for a sixth straight day at the close of activity on the Main Market of the Jamaica Stock Exchange on Tuesday, with the market trading 66 percent more stock units, after 53 percent more funds supported trading activity over that on Monday.
At the close, Barita Investments lost 23 cents in ending at $92.77 in trading 34,183 shares, Berger Paints fell 48 cents to $13.12 after 913 stock units changed hands, Caribbean Cement surged $7 to a record high of $104 while exchanging 49,694 stocks. GraceKennedy popped $1 to $101 in trading 63,601 shares, Guardian Holdings dropped $30 to an all-time low of $575 with an exchange of 8,493 units. Jamaica Producers shed $1.99 to close at $21.50, exchanging 226,120 shares, Jamaica Stock Exchange fell 87 cents to $16.37 after exchanging 18,340 stocks. JMMB Group dropped 99 cents to $38 in an exchange of 94,028 stock units, Kingston Wharves gained $1.49 to end at $48, after 15,658 shares crossed the market, NCB Financial Group shed $1.29 to $130.25, with 5,861,813 stock units crossing the market, Palace Amusement spiked $72.99 to $1034, with 93 units clearing the market, PanJam Investment shed $2.50 to $62.50, with an exchange of 2,513 shares. Proven Investments rose 40 cents to $33 after 5,768 stocks changed hands, Radio Jamaica bolted 80 cents to a 52 weeks’ high of $4.04 after trading 5,994,344 stock units.
Sagicor Group lost $5.25 in ending at $52 after exchanging 169,589 stock units, Seprod fell $3.50 to $64 with 8,721 stocks changing hands. Supreme Ventures dropped 48 cents to close at $18.02 trading 164,627 stocks and Sygnus Credit Investments declined 25 cents to end at $14.75 in trading 62,463 shares.
Investor’s Choice bid-offer indicator reading has 11 stocks ending with bids higher than their last selling prices and eight stocks with lower offers.
Palace Amusement shed $63.99 to $961.01 while exchanging 171 stock units, Proven Investments rose $2.55 to $32.60 in trading 69,166 units, Sagicor Group rose 25 cents to $57.25 in an exchange of 169,719 shares, Scotia Group climbed $1.20 to $40 while exchanging 27,735 stocks, Seprod declined 50 cents to close at $67.50 after exchanging 5,025 units. Supreme Ventures shed 50 cents to $18.50, 7,932 stocks changing hands, Sygnus Credit Investments spiked 98 cents to $15 in switching ownership of 47,248 stock units and Wisynco Group rallied 19 cents to $15.84, with 35,271 shares clearing the market.
The All Jamaican Composite Index slipped 158.71 points to 454,372.96, the Main Index dropped 804.45 points to settle at 414,361.10 and the JSE Financial Index dipped 0.08 points to end at 102.30.
Trading averaged 2,918,627 units at $27,295,100, compared to 420,806 shares at $3,500,435 on Thursday. Month to date Trading averages 576,923 units at $8,797,046, in contrast to 376,542 units at $7,214,159 on Thursday. July ended with an average of 322,932 units at $15,201,099.
PanJam Investment advanced $3.18 to $65 with the swapping of 1,559 units, Portland JSX dived $2.20 to $7, with 4,824 stocks crossing the market, Proven Investments declined $3.97 to end at a 52 weeks’ low of $30.05 with an exchange of 56,205 shares. Pulse Investments shed 21 cents to close at a 52 weeks’ low of $3.09 in trading 628,045 stocks, Radio Jamaica rose 7 cents to end at a 52 week’s closing high of $3.57 in trading 2,732,191 units, Scotia Group shed 90 cents to $38.80 in trading 7,235 stock units. Seprod popped $6.80 to $68 with the swapping of 52,385 shares, Stanley Motta rose 67 cents to $5.90 in switching ownership of 2,079 units, Sygnus Credit Investments lost 93 cents to end at $14.02 in an exchange of 56,400 stocks and Victoria Mutual Investments rallied 41 cents to $5.76 after exchanging 13,647 stock units.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and six with lower offers.
Radio Jamaica spiked 52 cents to end at 52 weeks’ closing high of $3.50, after hitting a new intraday high of $3.85 in the morning session, in completing an exchange of 669,972 stock units, Salada Foods rallied 28 cents to $7.39, with 2,552 units crossing the exchange, Scotia Group fell 30 cents to end at $39.70, with an exchange of 261,002 shares. Seprod declined $4.80 in closing at $61.20 in trading 21,923 stocks and Victoria Mutual Investments dipped 35 cents at $5.35 with 126,154 units clearing the market.