Transjamaican Highway drags JSE USD market down.
The volume of stocks trading on Thursday after investors exchanged 373 percent more shares valued 22 percent less than on Wednesday and ending more slippage in the index stocks ending unchanged on the USD market.
Trading ended with four securities changing hands, the same number as on Wednesday, and with the prices of one stock declining, none rising and three remaining unchanged.
The JSE USD Equity Index fell 4.23 points to end at 184.31, with the market now more than one percent lower than the December close after Transjamaican Highway sank to the lowest point in twelve months. The PE Ratio, a measure that computes an appropriate value of a stock, averaged 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 1,203,958 shares traded for US$22,523 compared to 254,770 units at US$28,741 on Wednesday.
Trading averaged 300,990 units at US$5,631, compared to 63,693 shares at US$7,185 on Wednesday. Trading month to date averages 118,832 units at US$10,317 in contrast to 104,820 units at US$10,677 on Wednesday. June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than their last selling price and three with lower offers.
At the close, First Rock Capital settled at 8 US cents with investors switching ownership of 11,506 shares, Proven Investments remained at 24 US cents with a transfer of 29,711 units and Transjamaican Highway dropped 0.11 of a cent to end at a 52 weeks’ low of 0.70 US cents, with 1,159,741 stocks crossing the exchange.
In the preference segment, JMMB Group 5.75% closed at US$2.10 with 3,000 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close, the All Jamaican Composite Index advanced 1,181.64 points to 460,450.18, the JSE Main Index rose 759.06 points to end at 422,022.33 and the JSE Financial Index gained 0.05 points to end at 103.91.
At the close, Barita Investments rallied $1.18 to $84 with a transfer of 6,045 shares, Caribbean Cement popped 85 cents to $92 in trading 132,354 stock units, Caribbean Producers gained 21 cents to end at a 52 weeks’ closing high of $5.19 with 259,401 shares changing hands, after hitting a 52 weeks’ intraday high of $6. Carreras lost 23 cents to close at $9.07 with an exchange of 402,107 stocks, Eppley shed 27 cents to settle at $43.63 in switching ownership of 2 units. First Rock Capital declined $1 to $14.50 with the swapping of 30,573 stocks, Grace Kennedy rose 73 cents to $99.01 after 16,832 shares crossed the exchange. Guardian Holdings jumped $24 to $674 in trading 382 units, Jamaica Broilers popped 33 cents to $36.33 with 44,887 stock units changing hands, Jamaica Producers rose 70 cents to $22.90 with 4,060 shares crossing the market. JMMB Group rallied 50 cents to end at $38.50 after an exchange of 169,493 stock units, Kingston Properties popped $2.24 to $10.25 in trading 97 units. Kingston Wharves rallied $2 to end at $50 after 10,960 stocks crossed the market, Mayberry Investments lost 36 cents to finish at $6.15 in switching ownership of 1,300 stock units, MPC Caribbean Clean Energy dived $17.35 to $117.20 with the swapping of 360 units. 
NCB Financial rose $1 to $140 in an exchange of 29,883 stock units, Palace Amusement dropped $60 to $1,190 in transferring 133 stocks, PanJam Investment rose $1.49 to $67.50 in exchanging 3,355 shares. Sagicor Group fell $2 to $53 in clearing the market of 118,645 stock units. Salada Foods shed 55 cents to close at $8.20 in an exchange of 46,065 stocks and Seprod fell $1.31 to $69.69 after trading 13,042 shares.
Trading ended with four securities changing hands, compared to six on Tuesday, with the prices of one stock declining, none rising and three remaining unchanged.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
Elsewhere, activity continued on Tuesday with the market declining with an exchange of 94 percent fewer shares valued 99 percent less than on Monday at the close of trading on the Jamaica Stock Exchange Main Market. 
Financial Fund 13.3 percent with 738,402 units and Grace Kennedy 9.2 percent with 513,821 units changing hands.
MPC Caribbean Clean Energy shed $12.45 to settle at $134.55, with 84 units clearing the market, Palace Amusement rallied $60 to $1,250 with 7 stocks changing hands, Pan Jam Investment shed $1.49 to $66.01, with 11,233 stock units crossing the exchange. Proven Investments rose 45 cents to $34.60 in switching ownership of 4,506 stocks, Sagicor Group fell $2.94 to $55 in exchanging 23,431 stock units, Seprod fell $1 to $71 in transferring 14,512 stocks, Sygnus Credit Investments rose 20 cents to $14.80 in trading 33,382 shares and Wisynco Group spiked 40 cents to $15.90 with the swapping of 17,180 stocks.
At the close, First Rock Capital closed at 8 US cents while trading 925 shares, Margaritaville closed at 9.2 US cents after exchanging 30,890 units, Productive Business Solutions dipped 0.01 of a cent to end at 80 US cents in switching ownership of 54 stocks. Proven Investments remained at 24 US cents, with 530,672 units crossing the market and Transjamaican Highway gained 0.11 of a cent to end at 0.81 US cents with the swapping of 3,802 stock units.
Trading averaged 2,094,775 units at $283,021,143, compared to 179,332 shares at $5,433,581 on Friday. Trading month to date averages 393,158 units at $37,484,522, versus 155,610 units at $3,207,330 on Friday. June ended with an average of 249,610 units at $3,877,606.
Pan Jam Investment shed $1.50 to close at $67.50 with 27,771 stock units changing hands, Sagicor Group spiked $2.94 to $57.94 after an exchange of 10,433 units, Salada Foods rose 28 cents to $8.90 in trading 21,207 stocks, Scotia Group shed 68 cents in ending at $39.50 after transferring 24,895 shares. Stanley Motta rose 20 cents to $5.90 with the swapping of 15 stock units, Supreme Ventures gained 32 cents to end at $19.32 in trading 1,162 units and Sygnus Credit Investments fell 40 cents to $14.60 with an exchange of 262,714 shares.
The JSE USD Equity Index lost 1.98 points to end the day lower than the start of 2021 at 185.01 as all of the 2021 gains are wiped out. The PE Ratio, a measure that computes an appropriate value for a stock, averages 11.9 based on ICInsider.com’s forecast of 2021-22 earnings.
First Rock Capital shed 0.89 of a cent to end at 8 US cents after exchanging 18 shares, Proven Investments lost 0.48 of a cent to end at 24 US cents, with 14,749 shares changing hands, Sterling Investments popped 0.43 of a cent to 2.3 US cents, with 35 stocks clearing the market. Sygnus Credit Investments ending at 14.45 US cents after trading 3,000 stock units and Transjamaican Highway lost 0.01 of a cent to close at 0.7 of a US cent, with 400,000 stock units changing hands.
The All Jamaican Composite Index shed 223.23 points to 464,466.25, the JSE Main Index slipped just 71.20 points to end at 426,626.34 and the JSE Financial Index ended 0.38 points lower to 105.42.
Trading averaged 179,332 units at $5,433,581, compared to 177,786 shares at $4,496,230 on Thursday. Trading month to date averages 155,610 units at $3,207,330, within distance of 151,484 units at $2,820,155 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Palace Amusement spiked $150 to $1,300 with the swapping of 36 stock units, Pan Jam Investment rose $1.40 to $69 in trading 2,065 units, Proven Investments lost 22 cents to $34.10 in crossing the market with 33,999 stocks. Sagicor Group shed $1 to settle at $55 in exchanging 457,729 shares, Salada Foods rallied 37 cents in closing at $8.62 in trading 47,287 stock units. Scotia Group shed 82 cents to $40.18 after exchanging 25,980 stocks, Supreme Ventures spiked 95 cents to $19 after crossing the market with 12,971 units and Wisynco Group shed 25 cents to close at $15.50 in exchanging 41,535 stock units.
First Rock Capital dipped 0.11 of a cent to finish at 8.89 US cents with 1,860 shares passing through the market, Margaritaville remained at 9.2 US cents with an exchange of just one unit, Proven Investments gained 0.38 of a cent to end at 24.48 US cents with 1,010,948 stocks changing hands. Sterling Investments fell 0.03 of a cent to 1.87 US cents with 110,000 stock units traded, Sygnus Credit Investments rose 1.45 cents to 14.45 US cents with a transfer of 2,000 shares and Transjamaican Highway declined 0.11 of a cent to a 52 weeks’ low of 0.71 US cents with 1,809,928 units crossing the exchange.
At the close of trading, the All Jamaican Composite Index spiked 4,025.26 points to 464,689.48, the JSE Main Index sprung 3,462.72 points higher to 426,697.54 and the JSE Financial Index rose 1.87 points to 105.80.
Investor’s Choice bid-offer indicator reading has 13 stocks ending with bids higher than their last selling prices and three with lower offers.
Proven Investments slipped 78 cents to $34.32 with 1,024 shares changing hands, Sagicor Group rallied $4 to $56 with 278,687 stock units crossing the market, Salada Foods picked up 25 cents to settle at $8.25 with the swapping of 56,192 stock units and Supreme Ventures shed 96 cents to close at $18.05, with 237,056 shares clearing the market.