The Junior Market of the Jamaica Stock Exchange closed higher, following a 60 percent decline in the volume of stocks traded on Wednesday, with a 79 percent lower value than on Tuesday following trading in 41 securities compared with 39 on Tuesday and ending with prices of 17 rising, 17 falling and seven closing unchanged.
Trading ended after an exchange of 4,424,054 stock units for $6,443,423 compared with 11,090,518 units at $30,348,119 on Tuesday.
Trading averaged 107,904 shares at $157,157 compared to 284,372 units at $778,157 on Tuesday. Trading for the month to date, averaged 205,268 stock units at $429,293, down from 213,481 stocks at $452,251 on the previous day and compared to May with an average of 451,257 units at $953,021.
Omni Industries led trading with 1.98 million shares for 44.7 percent of total volume followed by iCreate trading for the first time in months, after the lifting of the suspension of trading in the company’s shares and ended with 810,288 units for 18.3 percent of the day’s trade and Dolla Financial with 586,952 stocks for 13.3 percent market share.
At the close of trading, the Junior Market Index rose 44.70 points to close at 3,699.07.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Blue Power increased 18 cents to end at $3.68 with investors dealing in 7,642 stocks, Cargo Handlers popped 30 cents in closing at $12, with 306 units crossing the exchange, Caribbean Assurance Brokers rallied 12 cents to $3.82 in trading 4,742 shares. Derrimon Trading dropped 12 cents to close at $1.94 after 8,215 stock units passed through the market, Dolphin Cove rose $1.80 to finish at $23 with an exchange of just 323 shares, Everything Fresh climbed 13 cents and ended at $1.66 with 4,952 units crossing the market. Express Catering fell 29 cents to $4.21 in an exchange of 16,423 stocks, Indies Pharma gained 10 cents and ended at $2.65 with investors transferring 1,863 stock units, ISP Finance advanced $3.96 in closing at $24.96 in switching ownership of 17 shares. Jamaican Teas popped 13 cents to end at $2.34 with investors swapping 4,031 units, Knutsford Express dipped $1.11 to close at $9.50 after an exchange of 4,704 stock units, Limners and Bards increased 9 cents to finish at $1.54 with a transfer of 8,784 stock units. Lumber Depot climbed 10 cents and ended at $2.76 as investors exchanged 502 shares, Mailpac Group lost 8 cents to end at $2.02 after a transfer of 35,500 stocks and Main Event declined 49 cents to close at $12.50 with investors trading 25,529 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks fall on JSEUSD Market
US dollar denominated stocks traded lower on the Jamaica Stock Exchange on Tuesday, with a 65 percent decline in the volume of stocks exchanged with 42 percent less value than on Monday, resulting from trading in eight securities, compared to seven on Monday with prices of two rising, four declining and two ending unchanged.
The market closed with an exchange of 184,675 shares for US$7,820 compared to 533,385 units at US$13,379 on Monday.
Trading averaged 23,084 units at US$978 compared with 76,198 shares at US$1,911 on Monday, with a month to date average of 44,320 shares at US$2,462 compared to 46,616 units at US$2,623 on the previous day and May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.93 points to conclude trading at 218.98.
The PE Ratio, a measure used in computing appropriate stock values, averages eight. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around 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, AS Bryden ended at 22 US cents, with 17,673 stocks changing hands, First Rock Real Estate USD share dipped 0.22 of one cent in closing at 4.5 US cents with an exchange of 264 units, Margaritaville advanced 1 cent to 9 US cents after 2,015 shares passed through the market. Proven Investments remained at 13 US cents with investors trading 1,993 stock units, Sterling Investments fell 0.14 of a cent to 1.46 US cents with trading of 11,000 shares and Transjamaican Highway slipped 0.05 of a cent to close at 1.95 US cents in trading 151,584 stock units.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent to US$1.27, with 130 stocks crossing the market and Sygnus Credit Investments E8.5% sank 90 cent to finish at US$10.10 with a transfer of 16 units.
Prices of securities trading are those for the last transaction of each stock unless
Trading surge on Trinidad Exchange
Stocks attracted more funds into the Trinidad and Tobago Stock Exchange on Tuesday, with a solid 488 percent jump in the volume of stocks traded with a 326 percent greater value than on Monday, resulting in 22 securities trading well up on the 13 traded on Monday and ending with prices of 10 stocks rising, seven declining and five ended firm.
Trading resulted in 261,840 shares valued at $3,160,806 changing hands compared to 44,545 stock units at $741,392 on Monday.
An average of 11,902 shares were traded at $143,673 well over the 3,427 stock units at $57,030 on Monday, with trading month to date averaging 8,030 shares at $103,424 compared with 7,597 units at $98,929 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index rallied 2.78 points to 1,128.93, the All T&T Index increased 2.57 points to finish at 1,686.04, the SME Index remained unchanged at 86.99 and the Cross-Listed Index advanced 0.42 points to 74.58.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of trading, Agostini’s advanced 1 cent to $68.25 trading 358 stocks, Angostura Holdings slipped 15 cents in closing at $18 with investors dealing in 1,055 units, Ansa McAl sank 21 cents to end at $62.29 with 316 shares crossing the exchange. Ansa Merchant Bank ended at $41.50 with investors swapping 144 stocks, First Citizens Group rose 5 cents to close at $42.25 after investors traded 2,105 shares, FirstCaribbean International Bank rallied 13 cents to $6.94 as investors traded 4,645 stocks. GraceKennedy ended at $3.56 with a transfer of 15,471 units, Guardian Holdings ended at $15.69 and closed after an exchange of 24,815 stock units, JMMB Group shed 2 cents to close at $1.23 with 101,700 shares crossing the market. Massy Holdings ended at $4.06 with an exchange of 22,530 stocks, National Enterprises popped 4 cents to finish at $3.35, with 30,027 units crossing the market, National Flour Mills declined 10 cents to end at $2.05 in an exchange of 12,500 stock units. NCB Financial climbed 5 cents to $3.15 with traders dealing in 6,000 shares, One Caribbean Media increased 1 cent to close at $3.68 in switching ownership of 7,105 stock units, Point Lisas rallied 14 cents to finish at $3.40 with investors transferring 2 stocks. Prestige Holdings fell 5 cents and ended at $12.95 with investors exchanging 788 units, Republic Financial popped $1.01 in closing at $110 in trading 12,006 shares, Scotiabank slipped 1 cent to end at $65.99 after 11,061 units passed through the market. Trinidad & Tobago NGL lost 7 cents in closing at a 52 weeks’ low of $6.93 after an exchange of 3,884 stocks, Trinidad Cement advanced 31 cents to $2.90 with 1,000 stock units clearing the market, Unilever Caribbean rose 1 cent to end at $11.16 in an exchange of 4,128 shares and West Indian Tobacco ended at $10 with investors trading 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market falls
The Jamaica Stock Exchange US dollar market declined on Monday, with the volume of stocks exchanged rising 1356 percent after 152 percent more funds changing hands than on Friday, resulting in trading in seven securities, compared to seven on Friday with prices of four rising, one declining and two ending unchanged.
The market closed with an exchange of 533,385 shares for US$13,379 compared to 36,637 units at US$5,319 on Friday.
Trading averaged 76,198 units at US$1,911 versus 5,234 shares at US$760 on Friday, with a month to date average of 46,616 shares at US$2,623 compared with 43,526 units at US$2,697 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 2.11 points to end at 219.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, First Rock Real Estate USD share gained 0.63 of one cent in closing at 4.72 US cents, with 8,236 units crossing the exchange, Proven Investments remained at 13 US cents, with 1,389 stocks changing hands, Sterling Investments popped 0.13 of a cent to end at 1.6 US cents after investors traded 4,500 shares. Sygnus Credit Investments ended at 8 US cents with 1,241 stock units clearing the market and Transjamaican Highway dropped 0.09 of a cent to finish at 2 US cents and closed with an exchange of 517,794 shares.
In the preference segment, JMMB Group 5.75% advanced 25.65 cents to close at US$1.9665, with 5 stocks crossing the market and Productive Business Solutions 9.25% preference share rose 10 cents to US$11 in trading 220 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.