Trading ended with 143 percent more shares carrying a 70 percent higher value on Friday than Thursday levels on the Jamaica Stock Exchange US dollar market, resulting in the market rising at the close of market activity.
Six securities traded, similar to that on Thursday, with the price of one rising, two declining and three remaining unchanged.
The JSE USD Equity Index gained 1.76 points to end at 211.60. The average PE Ratio ends at 12.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 1,081,879 shares traded at US$80,306 versus 445,605 units at US$47,147 on Thursday.
Trading averaged 180,313 units at US$13,384, up from 74,268 shares at US$7,858 on Thursday. Trading averaged 84,309 units for the month to date at US$6,741 in contrast to 77,369 units at US$6,260 on Thursday. March ended with an average of 68,746 units for US$13,137.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, First Rock Capital shed half a cent to close at 8.5 US cents in an exchange of 7,800 units, Margaritaville ended at 9 US cents after exchanging 16,795 stocks, Proven Investments ended at 26 US cents trading 15,991 stock units. Sterling Investments increased 0.43 of a cent to end at 2.44 US cents while exchanging 89 shares, Sygnus Credit Investments ended at 14 US cents after 491,204 shares changed hands and Transjamaican Highway fell 0.05 of a cent in closing at 0.9 US cents trading 550,000 shares.
Prices of traded securities are for the last transaction of the day unless otherwise stated.
The All Jamaican Composite Index advanced 187.57 points to 442,013.12, after hitting 443,387.95 just after midday. The Main Index rose 170.79 points to 402,637.35 and the JSE Financial Index added 0.06 points in settling at 100.22.
Trading averaged 161,250 units at $1,642,104, compared to an average of 169,965 shares at $947,558 on Wednesday. Month to date trading averages 232,142 units at $1,509,917, in contrast to 238,879 units at $1,499,367 on Wednesday. March averaged 354,304 units at $2,543,232.
Sagicor Group gained 50 cents to close at $50.50 in trading 8,039 shares, Salada Foods picked up 25 cents to settle at a 52 weeks’ high of $6.20 with the swapping of 96,977 stock units and Seprod declined $1.19 to $82.80 in switching ownership of 22,436 shares.
Trading closed, with two stocks rising, one declining and three remaining unchanged and the JSE USD Equity Index slipped 0.01 point to 209.84. The average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital traded 2,182 shares at 9 US cents, Margaritaville ended at 9 US cents with 6,993 shares clearing the market, Proven Investments rose 1.4 cents to close at 26 US cents in exchanging 36,634 shares. Sygnus Credit Investments fell 1 cent to close at 14 US cents trading 171,046 stock units and Transjamaican Highway rose 0.05 of a cent to end at 0.95 US cents with an exchange of 223,750 stocks.
The market continues to get support for the upward rise, from three technical indicators, with one of the most powerful that suggests big gains from the channel that it has been trading in for months. It has broken out of the range and is heading for a new one.
Transjamaican Highway led trading with 26.2 percent for 2.05 million shares, followed by Wigton Windfarm with 24.1 percent for 1.88 million units and Sagicor Select Financial Fund with 16 percent for 1.25 million units.
Proven Investments lost 39 cents to settle at $37.11 in the trading of 18,182 stocks, Salada Foods rose 65 cents to end at $5.95 with the swapping of 65,978 shares, Scotia Group shed 37 cents ending at $41.62 in transferring 8,910 stock units and Supreme Ventures rose 29 cents to close at $16.14 after 41,765 units crossed the market.
At the close, First Rock Capital gained 0.1 of a cent in closing at 9 US cents trading 139,414 shares, Proven Investments rose 0.1 of a cent to 24.6 US cents in exchanging 26,191 units, Sygnus Credit Investments closed at 15 US cents with 100 shares changing hands and Transjamaican Highway remained at 0.9 of a US cent with 698,683 stocks crossing the exchange.
Trading averaged 359,225 units at $1,671,530, compared to 147,962 shares at $1,483,871 on Monday. Month to date trading averages 244,460 units at $1,544,056 in contrast to 232,625 units at $1,532,021 on Monday. March averaged 354,304 units at $2,543,232.
Sagicor Group fell 49 cents to $50 with 16,629 shares changing hands, Scotia Group gained 34 cents to end at $41.99 in the transfer of 37,458 stock units, Seprod advanced $1.08 to close at a 52 weeks’ high of $84 with the swapping of 127,859 shares, Stanley Motta rose 61 cents to finish at $5.91 after an exchange of 25,420 stock units. Supreme Ventures advanced $1.75 to $15.85, trading 104,384 shares and Sygnus Credit Investments gained 50 cents in ending at $15 with an exchange of 74,006 stock units.
Similar to Monday, six stocks traded on Tuesday, with prices of one rising, two declining and three remaining unchanged.
At the close, First Rock Capital closed at 8.9 US cents trading 6,590 shares, Proven Investments shed 1.49 cents to close at 24.5 US cents after 271,008 stocks crossed the market, Sterling Investments fell 0.04 of a cent to 2.01 US cents in trading 45,540 stock units. Sygnus Credit Investments gained 0.17 of a cent to close at 15 US cents trading 60,047 shares and Transjamaican Highway closed at 0.9 of a US cent in 108,080 shares crossing the market.
The All Jamaican Composite Index increased 351.51 points to 436,947.49, the JSE Main Index carved out a gain of 316.37 points to close at 398,063.87 and the JSE Financial Index advanced 0.16 points to 99.60.
Transjamaican Highway led trading with 46.2 percent of total volume for 3.49 million shares, followed by Wigton Windfarm with 17.6 percent for 1.33 million units and Caribbean Cement with 6.8 percent for 513,466 units changing hands.
Sagicor Group gained 49 cents to close at $50.49 after exchanging 12,602 units, Seprod jumped $6.32 higher to a 52 weeks’ high of $82.92 with 8,914 stock units clearing the market. Supreme Ventures shed $1.90 in closing at $14.10 in the trading of 422,951 stocks and Victoria Mutual Investments gained 45 cents in ending at $5.78 with 58,944 units changing hands.
Six securities traded, similar to trading on Friday, with one rising, two declining and three remaining unchanged.
At the close, First Rock Capital closed at 8.9 US cents after exchanging 419,000 stocks, Proven Investments gained 0.74 of a cent in closing at 25.99 US cents in an exchange of 45,594 units, Sterling Investments shed 0.1 of a cent to close at 2.05 US cents after exchanging 54,297 shares. Sygnus Credit Investments dropped 0.17 of a cent to close at 14.83 US cents in switching ownership of 1,080 units and Transjamaican Highway ended at 0.90 US cents after exchanging 40,000 stocks.
Trading ended with six securities changing hands, compared to seven on Thursday, with one stock rising, two declining and three trading unchanged.
At the close, First Rock Capital traded 1,039 shares at 8.9 US cents, Margaritaville closed at 9 US cents after trading 100 stock units, Proven Investments declined 0.25 of a cent in ending at 25.25 US cents, with 51,970 shares crossing the exchange. Sterling Investments advanced by 0.1 of a cent to 2.15 US cents with 14,731 units trading and Transjamaican Highway fell 0.02 of a cent to 0.9 of a cent, with 123,506 shares crossing the market.