Trading on the USD market of the Jamaica Stock Exchange closed on Tuesday, with the market index declining as investors traded 26 percent fewer shares than on Monday at 453 percent less the value, resulting in more stocks falling than rising.
Trading ended with five securities changing hands, compared to eight on Monday with prices of one stock rising, three declining and one remaining unchanged.
The JSE USD Equity Index fell 2.02 points to end at 194.14. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 223,012 shares traded, for US$22,412 compared to 301,164 units at US$6,113 on Monday. Trading averaged 44,602 units at US$4,482, in contrast to 37,896 shares at US$764 on Monday. The month to date averaged 82,621 units at US$4,516 in contrast to 84,733 units at US$4,517 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital declined by 0.98 of a cent to end at 8 US cents with an exchange of 163,018 stock units, Proven Investments 0.8 of a cent to 25.05 US cents, with ownership of 11,428 stock units switching, Sygnus Credit Investments dropped 1 cent to 14 US cents with 30,400 shares traded and Transjamaican Highway closed at 0.82 of a US cent with 16,686 units crossing the exchange.
In the preference segment, JMMB Group 6% gained 3 cents to finish at US$1.03, with 1,480 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 51 securities versus 52 on Monday, with 16 stocks rising, 25 declining and 10 remaining unchanged.
At the close, Barita Investments shed 55 cents ending at $82.40 in switching ownership of 30,405 shares, Caribbean Cement rose $1.20 to end at $95 with 14,582 stocks crossing the market, Eppley Caribbean Property Fund rallied $4 to $42 after exchanging 654 units, Grace Kennedy ended 55 cents lower at $99.45 with the swapping of 149,969 shares. Guardian Holdings declined $5.02 in closing at the lowest point since listing locally at $719.99 in exchanging 19,385 stocks, Jamaica Broilers rose $1 to $36 in trading 74,092 units, JMMB Group lost 25 cents to finish at $38.50 with the swapping of 1,337,495 shares, Kingston Properties rallied 32 cents to $10.07 in trading 150 stock units. Kingston Wharves fell $1.45 to $46.50 with 5,086 units changing hands, Mayberry Investments shed 40 cents to settle at $5.60 with the swapping of 1,408 stock units. NCB Financial declined $1.18 to $143.53 with 19,656 shares crossing the market, Pan Jam Investment spiked 60 cents to $68.60 in switching ownership of 8,581 shares. Portland JSX declined $1.32 to end at $8.18 with an exchange of 3,500 stocks, Proven Investments popped $1.45 to $36.48 in trading 12,686 stock units, Sagicor Group gained 55 cents to end at $63.05 in transferring 403,583 shares.
Sagicor Real Estate Fund shed 48 cents in closing at $8.32 in an exchange of 5,008 stocks, Scotia Group rose 95 cents to $41.95 with 10,552 stocks crossing the market, Seprod closed 50 cents lower at $74.50 after exchanging 8,923 units and Supreme Ventures fell $1.85 to $17.65 in trading 79,972 stock units.
Trading ended with 52 securities compared to 56 on Friday, with 22 stocks rising, 26 declining and four remaining unchanged.
Trading averaged 126,379 units at $1,270,816, compared to 171,179 shares at $1,497,797 on Friday. Trading month to date averages 249,510 units at $4,445,708, in contrast to 258,696 units at $4,682,573 on Friday. May ended with an average of 439,937 units at $4,698,961.
Pan Jam Investment fell $1 to $68 after 13,115 shares crossed the market, Proven Investments fell $1.87 to $35.03 with 14,943 stock units changing hands, Sagicor Group slipped $1 to $62.50 in exchanging 47,781 shares after trading at a 52 weeks’ high of $68. Sagicor Real Estate Fund rose 48 cents to $8.80 in trading 1,742 units, Scotia Group shed $1 to end at $41 in switching ownership of 2,691 stocks. Seprod popped $1 higher at $75 in exchanging 10,899 stock units, Supreme Ventures declined $1.58 to $19.50 with a transfer of 248,201 shares and Sygnus Credit Investments gained 20 cents to close at $15.20 with 47,134 stock units crossing the market.
The JSE USD Equity Index fell 1.90 points to 196.16. The PE Ratio, a measure of determining the appropriate relative value of each stock, based on ICInsider.com’s forecast of 2021-22 earnings averages 12.3.
Proven Investments gained 0.35 of a cent in closing at 25.85 US cents, with 1,808 stocks changing hands. Sterling Investments ended at 2 US cents after an exchange of 10,356 units, Sygnus Credit Investments popped 0.2 of a cent to 15 US cents trading 4,439 stock units and Transjamaican Highway fell 0.05 of a cent to 0.82 of a US cent in trading 283,393 units.
At the close, the JSE Main Index jumped 3,056.20 points to 437,322.11 and the JSE Financial Index gained 1.00 points to end at 109.15.
Caribbean Cement rallied $3.80 to $94 with 19,468 stocks crossing the exchange, Eppley Caribbean Property Fund dropped $5.94 to settle at $36.01 in exchanging 739 shares. Grace Kennedy slipped 50 cents to close at $99.46 after a transfer of 31,523 stock units, Guardian Holdings ended $4 lower at $745 with the swapping of 2,390 units, Jamaica Producers lost 45 cents in closing at $24 in switching ownership of 5,788 stocks. Jamaica Stock Exchange gained 24 cents to end at $17.25 with 1,603 units clearing the market, JMMB Group shed 5 cents in ending at $38.45 while exchanging 101,132 stocks, after trading at an intraday 52 weeks’ high of $38.85, Kingston Properties dived 93 cents to $10.07 in exchanging 233 stocks. Kingston Wharves climbed 89 cents to $46.50, with a transfer of 13,291 stock units, Margaritaville fell 65 cents to $14.10 after exchanging 58 stocks, Mayberry Jamaican Equities dropped $1.04 to $8.51 in trading 4,028 units, NCB Financial Group shed 99 cents at $147 with 74,276 shares changing hands, Palace Amusement dipped $5 to $1,165 after 139 stock units crossed the market. Pan Jam Investment shed 70 cents to close at $69 with the swapping of 1,164 stocks, Portland JSX advanced $2.38 to $9.50 in transferring 2,000 shares, Sagicor Group climbed $9.84 to finish at $63.50 with an exchange of 37,269 stock units. Sagicor Real Estate Fund shed 73 cents to close at $8.32 with the swapping of 25,410 shares, Salada Foods rose 45 cents to end at $8.50 in an exchange of 33,109 stocks, Seprod advanced $1.70 to close at $74 in trading 3,331 stock units.
Supreme Ventures gained 28 cents to end at $21.08 with 251,994 shares changing hands and Sygnus Credit Investments gained 21 cents to close at $15 after an exchange of 49,877 stocks.
Seven securities traded, up from four on Thursday with prices of two rising, four declining and one remaining unchanged.
0.85 of a cent to close at 9 US cents after exchanging 100,000 stocks, Proven Investments declined 0.45 of a cent to 25.5 US cents in exchanging 30,050 stock units. Sterling Investments remained at 2 US cents in exchanging 24,905 units, Sygnus Credit Investments shed 0.19 of a cent to close at 14.8 US cents, in trading just one unit, Transjamaican Highway gained 0.01 of a cent to end at 0.87 of a US cent in an exchange of 19,650 stocks.
The consolidation of the market from January this year resulted in a wedge formation that set up the market for a big break out that is now happening and led today to one of the biggest gains in the market index since March last year as the All Jamaican Composite Index surged 7,830.58 points to 469,171.84, the JSE Main Index spiked 6,192.88 points to 434,265.91. The JSE Financial Index added 1.96 points to end at 108.15.
Trading Thursday averaged 468,406 units at $8,641,128, compared to 170,751 shares at $1,092,604 on Wednesday. Trading for the month to date averages 266,342 units at $4,960,806, versus 249,247 units at $4,649,442 on Wednesday. May ended with an average of 439,937 units at $4,698,961.
Sagicor Group dropped $4.24 to $53.66 with 25,338 stocks changing hands, Sagicor Real Estate Fund increased 5 cents to close at a 52 weeks’ high of $9.05, trading 21,349 shares. Scotia Group rose $2.02 to $42 after an exchange of 104,968 shares, Seprod fell $1.70 to $72.30 in trading 10,488 units, Sterling Investments gained 20 cents in closing at $3 with a transfer of 21,700 stocks. Sygnus Credit Investments shed 40 cents in ending at $14.79 with 20,430 stock units crossing the exchange and Wisynco Group gained 54 cents to close at $15.95 in switching ownership of 108,466 shares.
The average day’s trade is 170,751 units at $1,092,604, compared to 427,653 shares at $3,811,578 on Tuesday. Trading month to date averages 249,247 units at $4,649,442, in contrast to 256,820 units at $4,992,587 on Tuesday. May ended with an average of 439,937 units at $4,698,961.
Pan Jam Investment fell $1.51 in closing at $65.05 in transferring 24,696 units, Proven Investments dived $1.90 to finish at $35 in an exchange of 345,327 shares, Sagicor Group spiked $5.90 to $57.90 in switching ownership of 58,795 stock units, Sagicor Real Estate Fund gained 70 cents to end at $9 in an exchange of 1,510 stocks, Salada Foods lost 20 cents to settle at $8 with a transfer of 44,470 shares. Seprod rose 99 cents to close at $74, with 9,423 units crossing the exchange, Supreme Ventures ended 72 cents higher at $20.80 after an exchange of 43,256 stock units, Sygnus Credit Investments gained 57 cents in closing at $15.19 in trading 121,657 stocks. Transjamaican Highway lost 3 cents to end at 52 weeks’ low of $1.17 with an exchange of 1,604,464 units and Wigton Windfarm dropped 4 cents to close at a 52 weeks’ closing low of 57 cents, after hitting an intraday low of 53 cents, with 4,336,688 units clearing the market.
At the close, First Rock Capital ended at 9 US cents with an exchange of 7,352 shares, Proven Investments slipped 0.09 of a cent to 25.9 US cents, trading 155,084 units, Sterling Investments settled at 2 US cents with a transfer of 45,825 shares. Sygnus Credit Investments rose 0.05 of a cent to 15.25 US cents with 30,029 units traded and Transjamaican Highway lost 0.02 of a cent to end at 0.86 of a US cent with 221,713 stocks crossing the exchange.
At the close, the All Jamaican Composite Index dropped 3,021.82 points to 459,122.82, the JSE Main Index declined 2,454.99 points to end at 426,476.66 and the JSE Financial Index shed 1.04 points to 105.52 after Grace Kennedy traded at an intraday high of $100, while Transjamaica Highway and Wigton Windfarm traded at 52 weeks’ low of 90 cents and 55 cents, respectively.
Trading averages 427,653 shares at $3,811,578, compared to 282,767 units at $5,070,244 on Monday. Trading month to date averages 256,820 units at $4,992,587, in contrast to 238,579 units at $5,118,691 on Monday. May closed with an average of 439,937 units at $4,698,961.
Sagicor Group declined $3 to $52 in transferring 1,091,820 shares, Sagicor Real Estate Fund shed 69 cents to close at $8.30 after exchanging 75,292 units. Scotia Group shed $1 to end at $40 with the swapping of 426,297 shares. Seprod fell 99 cents to $73.01 in trading 14,521 stock units, Stanley Motta ended 51 cents lower at $5.89 after clearing the market with 6,300 shares, Supreme Ventures fell 92 cents to $20.08 with 97,939 stocks crossing the market and Sygnus Credit Investments shed 44 cents to end at $14.62 in transferring 77,877 stock units.