Trading picked up on the Jamaica Stock Exchange US dollar market on Wednesday, with a 2,798 percent surge in the volume of stocks changing hands valued 184 percent more than on Tuesday and resulting in trading in eight securities, compared to 10 on Tuesday with four rising, three declining and one ending unchanged.
A total of 757,348 shares were traded and valued at US$10,500 compared to 26,137 units at US$3,700 on Tuesday.
Trading averaged 94,669 shares at US$1,312, up from 2,614 stock units at US$370 on Tuesday, with a month to date average of 32,970 shares at US$1,296 compared with 15,341 units at US$1,291 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index dipped 11.81 points to close at 229.59.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share ended at 5 US cents after a transfer of 46,900 shares, Margaritaville declined 0.01 of a cent to close at 11.47 US cents in an exchange of 34 stock units, Productive Business Solutions popped 4 cents in closing at US$1.90 as investors exchanged 3 stocks, Proven Investments rose 0.49 of one cent to 16.99 US cents, with 2,380 units crossing the market, Sterling Investments dropped 0.03 of a cent to 1.65 US cents with shareholders swapping one stock unit, Sygnus Credit Investments dipped 0.03 of a cent to end at 11 US cents after an exchange of 4,554 stocks and Transjamaican Highway gained 0.09 of one cent in closing at 1.34 US cents after investors exchanged 703,466 units.
In the preference segment, Productive Business 9.25% preference share advanced US$1 and ended at US$13.50 with investors transferring 10 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on JSE USD Market
More losses for the Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded declining 13 percent with the value 17 percent lower than on Tuesday resulting in 24 securities trading compared with 21 on Tuesday, with eight stocks rising, eight declining and eight remaining unchanged.
Investors exchanged 218,148 shares for $2,738,982 versus 249,560 units at $3,305,748 on Tuesday.
An average of 9,090 units were traded at $114,124 compared with 11,884 shares at $157,417 on Tuesday, with the month to date averaging 11,163 shares at $173,604 versus 11,835 units at $192,890 on the previous day. May ended with an average of 23,500 shares for $216,502.
The Composite Index dipped 6.84 points to 1,237.59, the All T&T Index lost 1.76 points to end at 1,899.99, the SME Index remained at 69.27 and the Cross-Listed Index shed 1.72 points to conclude trading at 73.99.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s fell 20 cents in closing at $68.80 after a transfer of 242 shares, Angostura Holdings remained at $23.10 after an exchange of 22 stocks, Ansa McAl shed 1 cent to end at $50.99 as investors traded 191 stock units, Ansa Merchant Bank ended at $49 in an exchange of 2,900 units. Calypso Macro Investment Fund ended at $21.80, with 3 units crossing the market, First Citizens Group jumped $2.94 to $48.99, with 2,651 stocks clearing the market, FirstCaribbean International Bank advanced 1 cent to end at $7.01 with a transfer of 10,522 stock units. GraceKennedy lost 35 cents to close at $3.15, as 625 shares passed through the market, Guardian Holdings remained at $20.05 after an exchange of 832 shares, Guardian Media climbed 10 cents in closing at $2.30 after investors traded 20,882 stocks, JMMB Group gained 1 cent in closing at $1.41 in trading 101,650 stock units. L.J. Williams B share remained at $2.80 with shareholders swapping 736 units, Massy Holdings dropped 6 cents to end at $4.92 while exchanging 14,293 units, National Enterprises ended at $3.55, with 7,255 shares changing hands, National Flour Mills rallied 9 cents to $1.60 after investors traded 4,350 stocks. NCB Financial ended at $3, with 200 stock units crossing the exchange, One Caribbean Media declined 1 cent in closing at $3.70 with investors transferring 600 stocks, Point Lisas popped 4 cents to end at $3.05, with 150 shares crossing the market, Republic Financial dipped 33 cents to a 52 weeks’ low of $127.38 in switching ownership of 14,065 units. Scotiabank dropped 43 cents to $76.07 in an exchange of 1,430 stock units, Trinidad & Tobago NGL increased 25 cents in closing at $18.50 with an exchange of 1,907 stocks, Trinidad Cement popped 1 cent and ended at $2.51 in switching ownership of 29,814 stock units, Unilever Caribbean dropped $2.13 to end at $12.67 after exchanging 828 units and West Indian Tobacco remained at $13 after 2,000 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slim trading in JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with an 82 percent fall in the volume of stocks changing hands after a minute decline in value compared with trading on Monday, resulting in 10 securities traded, compared to eight on Monday with three rising, two declining and five ending unchanged.
Overall, 26,137 shares were traded for US$3,700 compared to 144,256 units at US$3,922 on Monday.
Trading averaged 2,614 shares at US$370 down from 18,032 units at US$490 on Monday, with the month to date averaging 15,341 shares at US$1,303 compared with 22,412 units at US$1,821 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index popped 7.14 points to 241.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and three with lower offers.
In trading, First Rock Real Estate USD share ended at 5 US cents after 15,226 shares were traded, Productive Business Solutions popped 1 cent in closing at US$1.86 while exchanging 10 stocks, Proven Investments dipped 0.5 of a cent to close at 16.5 US cents with investors trading 300 units, Investors exchanged 9,594 shares of Sterling Investments at 1.68 US cents. Sygnus Credit Investments popped 1.03 cents to 11.03 US cents in swapping 330 stocks, Sygnus Real Estate Finance USD share closed at 11 US cents with an exchange of 107 units and Transjamaican Highway rallied 0.05 of a cent to close at 1.25 US cents in an exchange of 364 stock units.
In the preference segment, Productive Business 9.25% preference share shed 65 cents in closing at US$12.50 after 200 shares were traded, Eppley 6% preference share ended at US$1.40 after a transfer of 1 share and JMMB Group 5.75% ended at US$1.90 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Bounce for Trinidad Stock Exchange
Stocks bounced in trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, following a 79 percent increase in volume changing hands with the value jumping 122 percent over Monday’s activity, resulting in 21 securities trading compared with 17 on Monday, with seven stocks rising, eight declining and six remaining unchanged and leading to a rise in the primary market indices.
Investors exchanged 249,560 shares at $3,305,748 versus 139,700 stock units at $1,491,369 on Monday.
An average of 11,884 shares were traded at $157,417 compared with 8,218 shares at $87,728 on Monday, with trading month to date averaging 11,835 shares at $192,890 compared with 11,816 units at $206,947 on the previous day. The average trade for May closed with 23,500 for $216,502.
The Composite Index increased 11.04 points to close at 1,244.43, the All T&T Index popped 16.55 points to conclude trading at 1,901.75, the SME Index remained at 69.27 and the Cross-Listed Index rallied 0.72 points to end at 75.71.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s popped $2.50 and ended at a 52 weeks’ high of $69 with shareholders swapping 7,801 shares, Angostura Holdings rose 95 cents to end at $23.10 with a transfer of 2,235 stocks, Ansa McAl remained at $51 as investors traded 6,320 units, Ansa Merchant Bank rose 50 cents in closing at a 52 weeks’ high of $49 after 100 stock units were traded. Calypso Macro Investment Fund lost 18 cents to $21.80 after a transfer of 124 shares, First Citizens Group gained 5 cents to close at $46.05 after exchanging 2,640 stock units, FirstCaribbean International Bank shed 1 cent and ended at $7 in switching ownership of 2,359 units. GraceKennedy fell 5 cents to $3.50 with investors transferring 15,496 stocks, Guardian Media declined 10 cents in closing at a 52 weeks’ low of $2.20 in an exchange of 1,397 shares, JMMB Group climbed 2 cents to close at $1.40 with 1,500 stock units changing hands, Massy Holdings ended at $4.98 after 66,726 stocks crossed the market. National Enterprises remained at $3.55, with 24,754 units being traded, National Flour Mills rallied 1 cent in closing at $1.51 with an exchange of 6,881 stock units, NCB Financial ended at $3, with 15,700 shares crossing the market. Prestige Holdings dropped 50 cents to end at $8 after 40,718 stocks passed through the exchange, Republic Financial advanced 21 cents to $127.71 and closed after 3,215 units were traded, Scotiabank dipped 50 cents to close at $76.50 after an exchange of 3,734 stock units. Trinidad & Tobago NG ended at $18.25 while exchanging 2,018 shares, Trinidad Cement lost 28 cents in closing at a 52 weeks’ low of $2.50 with 2,505 stock units being traded, Unilever Caribbean dipped 20 cents to end at $14.80 in an exchange of 41,115 units and West Indian Tobacco remained at $13 with investors trading 2,222 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Tourist arrivals climb for Jamaica
Tourist arrivals into Jamaica continue to grow, according to data released by Grupo Aeroportuario operators of international airports in Montego Bay and Kingston, with arrivals in May probably rising 13 percent above those for 2022, with 544,000 passengers processed, up from 481,400 and for the year to date an increase of 32 percent to 2.89 million from 2.196 million in 2022.
Montego Bay, the gateway with the highest number of visitors, had a bounce of 10.2 percent to 403,000 incoming and outgoing passengers, up from 366,000 and for the year to date, an increase of 30.2 percent to 2.208 million from 1.696 million in 2022 to May,
Passengers passing through the Norman Manley airport in Kingston jumped 21.9 percent to 141,100 from 115,800 and year to date, an increase of 36.2 percent to 681,700 from 500,400.