The Jamaica Stock Exchange US dollar market closed on Friday, with a 93 percent drop in the volume of stocks traded with a 15 percent lower value than on Thursday, resulting in exchange of eight, securities, compared to six on Thursday with prices of four rising, two declining and two ending unchanged.
The market closed with an exchange of 52,878 shares for US$20,354 compared to 711,266 units at US$24,048 on Thursday.
Trading averaged 6,610 shares at US$2,544 compared to 118,544 stocks at US$4,008 on Thursday, with a month to date average of 185,591 units at US$5,391 compared with 201,325 stocks at US$5,641 on the previous day and August that ended with an average of 297,880 shares for US$8,245.
The US Denominated Equities Index gained just 0.05 points to end at 228.43.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.4. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, First Rock Real Estate USD share advanced 0.07 of a cent to finish at 3.4 US cents in trading 6,000 stock units, MPC Caribbean Clean Energy rose 1 cent to 57 US cents with 72 shares crossing the market, Proven Investments gained 0.4 of a cent to end at 10 US cents with a transfer of 28,417 stock units. Sterling Investments skidded 0.02 of a cent to 1.48 US cents with 4,000 units clearing the market, Sygnus Credit Investments popped 0.46 of a cent and ended at 7.25 US cents in an exchange of 134 shares and Sygnus Real Estate Finance USD share ended at 6 US cents with 13 units changing hands.
In the preference segment, JMMB Group US8.5% preference share fell 0.5 of one cent to US$1.06 after an exchange of 14,000 stocks and Sygnus Credit Investments US 8% remained at US$10 with investors swapping 242 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD market
Slippage of stocks halted in Trinidad
The Trinidad and Tobago Stock Exchange closed the week more positively than the week before with rising stocks outnumbering those declining thus reversing last week with 8 stocks declining to four rising, it is too early to say if this is a new trend.
Regardless, investors have an array of attractively priced stocks to invest in that have the potential to deliver above-average growth ahead, with several companies performing credibly, suggesting that the sell-off of stocks is overdone.
The attached chart shows the Price Earnings ratio for each stock along with potential gains, with several stocks having a high level of gains ahead.
Winning T&TSE stocks beat losers
Stocks ended trading on the Trinidad and Tobago Stock Exchange on Friday, with a 10 percent rise in the volume of stocks traded with a 94 percent jump in value compared to Thursday, resulting in the trading of 14 securities compared with 13 on Thursday and ending with prices of five stocks rising, three declining and six ended firm.
The market closed with trading of 56,378 shares valued at $1,235,544 compared to 51,188 stock units at $638,179 on Thursday.
An average of 4,027 shares were traded at $88,253 compared with 3,938 units at $49,091 on Thursday, with trading month to date averaging 18,072 shares at $149,611 compared with 18,958 stock units at $155,480 on the previous day and with an average for August of 21,741 shares at $142,770.
The Composite Index slipped 0.98 points to 1,052.98, the All T&T Index fell 2.39 points to 1,575.71, the SME Index remained unchanged at 87.78 and the Cross-Listed Index increased 0.07 points to end the day at 69.08.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Agostini’s ended at $64 in switching ownership of 294 stocks, Angostura Holdings popped 10 cents to close at $17.10 with investors swapping 47 units, Ansa McAl remained at $62.80 in an exchange of 300 shares. First Citizens Group popped 1 cent to close at $40.95 with 551 stock units clearing the market, JMMB Group fell 5 cents to end at $1.05 as investors exchanged 400 shares, Massy Holdings remained at $3.60, with 5,364 stock units crossing the market. National Enterprises ended at $3.05 after an exchange of 3,774 stock units, National Flour Mills increased 20 cents to $2 with investors dealing in 50 units, NCB Financial ended at $2.50 with 15,500 stocks passing through the exchange. Republic Financial ended at $112 with traders dealing in 8,880 units, Scotiabank climbed 50 cents and ended at $54.15 after an exchange of 153 shares, Trinidad & Tobago NGL slipped 40 cents to finish at $4.60 with investors trading 19,885 stocks. Unilever Caribbean rose $1.25 and ended at $11.50 after 63 shares crossed the market and West Indian Tobacco sank 50 cents to $7 in trading 1,117 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on JSEUSD Market<
Trading surged sharply on the Jamaica Stock Exchange US dollar market on Thursday, with a 1,838 percent jump in the volume of stocks traded valued at 793 percent more than on Wednesday and resulting in the exchange of six securities, compared to seven on Wednesday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 711,266 shares for US$24,048 compared to 36,707 units at US$2,692 on Wednesday.
Trading ended with an average of 118,544 shares at US$4,008 compared with 5,244 stock units at US$385 on Wednesday, with trading for the month to date averaging 201,325 shares at US$5,641 compared with 207,169 units at US$5,756 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index rallied 0.65 points to conclude trading at 228.38.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.77 of one cent to end at 3.33 US cents with 11,575 stocks crossing the exchange, Proven Investments rallied 0.1 of a cent to 9.6 US cents with a transfer of 7,073 units, Sterling Investments lost 0.03 of a cent and ended at 1.5 US cents after 1,000 shares were traded. Sygnus Credit Investments ended at 6.79 US cents as investors exchanged 21,303 stock units and Transjamaican Highway rose 0.05 of a cent to close at 2.15 US cents with an exchange of 662,815 shares.
In the preference segment, JMMB Group US8.5% preference share gained 6.4 cents in closing at US$1.065 after an exchange of 7,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks beat losers on Trinidad Exchange
Trading declined on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded dropping 81 percent, with 48 percent lower value than in market activity on Wednesday resulting in 13 securities trading the same as on Wednesday and ending with prices of six stocks rising, three declining and four ended firm.
The market closed with trading of 51,188 shares for $638,179 compared with 263,810 stock units at $1,218,422 on Wednesday.
An average of 3,938 shares were traded at $49,091 compared to 20,293 stock units at $93,725 on Wednesday. Trading month to date ended with an average of 18,958 shares at $153,480 down from 19,892 stock units at $159,973 on the previous day and an average for August of 21,741 shares at $142,770.
The Composite Index gained 0.47 points to close at 1,053.96, the All T&T Index declined 0.10 points to 1,578.10, the SME Index remained at 87.78 and the Cross-Listed Index popped 0.15 points to end at 69.01.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s dropped $1 in closing at $64 with 55 shares crossing the exchange, Ansa McAl increased 80 cents to $62.80 in trading 80 stocks, First Citizens Group slipped 1 cent to close at $40.94 after 3,833 shares passed through the market. GraceKennedy climbed by 5 cents to finish at $3.65 with investors trading 857 stock units, JMMB Group popped 5 cents and ended at $1.10 after an exchange of 26,497 shares, Massy Holdings advanced 8 cents to end at $3.60 with investors trading 12,818 units. National Enterprises remained at $3.05 after an exchange of 10 stocks, Point Lisas ended at $3.10 with investors dealing in 565 stock units, Prestige Holdings ended at $11 with 371 shares crossing the market. Republic Financial shed 1 cent in closing at $112 as investors exchanged 3,096 units, Scotiabank rose 10 cents to end at $53.65 with a transfer of 496 stocks, Trinidad & Tobago NGL rallied 40 cents to close at $5 with investors trading 1,000 stocks and West Indian Tobacco remained at $7.50 in an exchange of 1,510 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.