Stocks mostly closed higher in trading on Friday, with the market Index advancing 5.55 points to 200.72 at the close of trading on the US dollar market of the Jamaica Stock Exchange, with 23 percent reduced volume and the value traded falling 84 percent from Thursday’s activity.
Similar to Thursday, five securities traded with two stocks rising, one declining and two ending unchanged. The PE Ratio averages 13.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 235,956 shares for a mere US$4,372, down from 305,332 units at US$28,042 on Thursday.
Trading averaged 47,191 units at US$874, in contrast to 61,066 shares at US$5,608 on Thursday. Trading month to date averaged 69,547 units at US$9,223, compared to 70,676 units at US$9,645 on the prior trading day. January averaged 121,154 units for US$15,408.
Investor’s Choice bid-offer indicator shows no stock ending with he bid higher than the last selling price and one with lower offers.
At the close of the market, First Rock Capital remained at 9 US cents trading 11,088 shares, Productive Business Solutions rose 11.85 cents to a 52 weeks’ high of 90.85 US cents in an exchange of 153 units, Proven Investments was unchanged at 25 US cents, after 4,020 stock units crossed the exchange. Sygnus Credit Investments gained 0.87 of a cent to close at 14.89 US cents in switching ownership of 1,176 units and Transjamaican Highway declined 0.02 of a cent in closing at 0.93 of a US cent with 219,519 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index inched 3.97 points up to 430,240.96 the Main Index rose 15.10 points to 392,402.29, and the JSE Financial Index rose 0.14 points to settle at 99.94.
Trading for the day averaged 338,795 units at $1,351,229, compared to an average of 626,545 shares at $3,374,266 on Wednesday. Trading month to date averages 399,667 units at $2,516,231, versus 403,340 units at $2,586,520 on Wednesday. Trading in January averaged 311,275 units at $1,432,133.
Portland JSX declined $1.20 to $7.10 in trading 8,000 stocks, Proven Investments closed $1.20 lower at $36 after exchanging 4,285 units, Sagicor Group gained 29 cents to close at $51.60, with the swapping of 4,089 shares. Salada Foods dropped $1 to $40.50 with a transfer of 2,182 shares, Scotia Group gained 50 cents to end at $43, with 15,411 stock units crossing the exchange. Sterling Investments shed 36 cents to $2.64 in exchanging 62,320 stocks, Supreme Ventures dropped 60 cents to close at $15.30, after a transfer of 527,323 units and Sygnus Credit Investments lost 54 cents to close at $14.95 in trading 14,288 shares.
Five securities traded, up from three on Wednesday with two rising, none falling and three closing unchanged, leaving the JSE USD Equity Index gaining 0.30 points to 195.17.
At the close of trading, First Rock Capital rose 0.1 of a cent to 9 US cents, with an exchange of 300,000 shares, Proven Investments ended at 25 US cents, with 1,947 stock units crossing the market, Sygnus Credit Investments closed at 14.02 US cents trading 843 stock units and Transjamaican Highway ended at 0.95 of a US cent transferring 2,121 shares.
Trading for the day averaged 626,545 units at $3,374,266, compared to 440,155 shares at $4,160,882 on Tuesday. Trading month to date averaged 403,340 units at $2,586,520 for each security, in contrast to 389,008 units at $2,535,940 on the prior trading day. Trading in January closed with an average of 311,275 units at $1,432,133.
Palace Amusement fell $199.90 to a 52 weeks’ low of $800, with 380 stocks crossing the market, Sagicor Group gained 31 cents to end at $51.31, in an exchange of 12,316 stocks, Salada Foods rose $1.51 to $41.50, with the swapping of 4,036 shares. Scotia Group closed 75 cents higher at $42.50, with 267,313 stock units crossing the exchange, Seprod advanced $1.54 to $69.54 trading 26,590 shares, Stanley Motta lost 35 cents to close at $5 in exchanging 31,207 units. Sygnus Credit Investments advanced 99 cents to $15.49 after transferring 70,560 stock units and Wisynco Group rose 90 cents to $16.45, with investors switching ownership of 73,639 shares.
Trading ended with stocks playing hopscotch, one day up one day down, on the Jamaica Stock Exchange Main Market, with the market declining after almost the same number of stocks rose as fell. The value of trading climbed 202 percent, with only 23 percent more shares exchanged than on Monday.
Transjamaican Highway led trading with 24.1 percent of total volume, after an exchange of 4.88 million shares followed by Sagicor Select Financial Fund 16.9 percent with 3.41 million units, Wigton Windfarm 11.3 percent for 2.29 million units. QWI Investments ended with 9.8 percent of the day’s trade for 1.99 million units, Ciboney Group 7.1 percent for 1.44 million units, Sagicor Manufacturing & Distribution Fund with 6 percent for 1.22 million units and Grace Kennedy with 5.2 percent market share for 1.05 million units.
138 Student Living rose 45 cents to $6.50 after exchanging 8,916 units, PanJam Investment shed 50 cents to end at $65, in switching ownership of 43,014 shares, Proven Investments lost 33 cents to $37.20 trading 11,441 stock units, Sagicor Group fell 70 cents to $51 with 20,215 stocks clearing the market. Salada Foods advanced $2.99 to $39.99, with the swapping of 40,380 units, Scotia Group declined by $1.25 to $41.75, after exchanging 132,995 shares, Seprod shed $1 in closing at $68 with 3,164 stock units changing hands. Sygnus Credit Investments fell $1.10 to $14.50, in exchanging 51,037 units and Wisynco Group shed 95 cents to close at $15.55, with 94,561 shares changing hands.
Trading ended with six securities changing hands at the close, compared to four on Monday and closed with the prices of two stocks rising, three declining and one remaining unchanged, with the JSE USD Equity Index gaining 0.54 points to end at 196.61. The PE Ratio averages 13.6 based on ICInsider.com forecast of 2020-21 earnings.
At the close of trading, First Rock Capital added 0.01 of a cent to close at 9 US cents in trading 31,935 shares, Proven Investments shed 0.15 of a cent to 25.85 US cents trading 18,047 units. Sygnus Credit Investments dropped 0.45 of a cent to close at 14.50 US cents, with 3,358 shares crossing the exchange and Transjamaican Highway squeezed out a gain of 0.01 of a cent to end at 0.95 US cents, in switching ownership of 203,258 stocks.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
Seprod climbed $2.15 to $69, with 16,385 stock units changing hands, Stanley Motta lost 25 cents in closing at $5.20 trading 418 shares and Sygnus Credit Investments rose $1.17 to $15.60, in transferring 69,924 stocks.
Trading ended with four securities changing hands, down from seven on Friday, ending with three rising and one declining, with the JSE USD Equity Index gaining 3.99 points to 196.07. The PE Ratio averages 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close of the market, First Rock Capital gained 0.09 of a cent in closing at 8.99 US cents, with 153,079 stock units crossing the market, Proven Investments rose 0.01 of a cent to close at 26 US cents trading 48,631 shares. Sterling Investments lost 0.19 of a cent at 2.20 US cents after trading 24,343 stocks and Transjamaican Highway rose 0.03 of a cent in closing at 0.94 of a US cents after switching ownership of 231,257 shares.
Trading averaged 244,928 units at $1,247,943, compared to 240,393 shares at $954,393 on Thursday. The month to date averaged 388,213 units at $2,506,158 in contrast to 399,327 units at $2,608,760 on Thursday. Trading in January averaged 311,275 units at $1,432,133.
Scotia Group dropped $1 to $41 after exchanging 88,740 units, Seprod declined $2.15 to $66.85, with the swapping of 20,321 shares, Sygnus Credit Investments lost 47 cents to end at $14.43, with 26,619 stock units crossing the exchange. Victoria Mutual Investments closed 50 cents lower at $5.30, with 325,640 stocks changing hands.
Trading closed with the prices of two stocks rising, one declining and four remaining unchanged, with the JSE USD Equity Index losing 1.15 points to end at 192.08. The PE Ratio averages 13.7 based on ICInsider.com forecast of 2020-21 earnings.
At the close of the market, First Rock Capital shed 0.08 of a cent to close at 8.9 US cents, in exchanging 3,767 stocks, Margaritaville settled at 11 US cents with the transfer of 3,500 stock units, Proven Investments gained 0.29 of a cent to close at 25.99 US cents trading 2,255 units. Sterling Investments ended at 2.39 US cents, with 1,000 stock units changing hands, Sygnus Credit Investments remained at 14.95 US cents after transferring 16,675 shares and Transjamaican Highway gained 0.06 of a cent in closing at 0.91 of a US cent, trading 510,377 shares.