Trading dropped on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded declining 15 percent and the value 76 percent lower than on Tuesday, with trading in 61 securities compared with 59 on Tuesday, with prices of 21 stocks rising, 18 declining and 22 ending unchanged.
Trading netted 7,107,320 shares for $37,509,746 compared with 8,349,044 units at $156,852,014 on Tuesday.
Trading averaged 116,513 shares at $614,914 compared to 141,509 units at $2,658,509 on Tuesday and month to date, an average of 954,617 units at $3,852,247, down from 1,031,265 units at $4,148,315 on the previous day and March with an average of 828,473 units at $2,341,254.
Wigton Windfarm led trading with 1.49 million shares for 20.9 percent of total volume followed by General Accident with 1.35 million units for 19 percent of the day’s trade in closing at a 52 weeks’ high of $6.20 and Lasco Distributors with 1.17 million units for 16.5 percent of the day’s trade.
The All Jamaican Composite Index sank 1,794.74 points to lock up trading at 360,220.92, the JSE Main Index dropped 1,004.10 points to lock up trading at 322,943.86 and the JSE Financial Index shed 0.36 points to cease trading at 68.72.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, AS Bryden climbed $1.12 to $40 after a transfer of 907 units, Barita Investments increased $1 to finish at $72 with investors swapping 1,931 stocks, GraceKennedy slipped 97 cents and ended at $73 with a transfer of 76,208 shares. Guardian Holdings popped $10 in closing at $370 after trading 88 stock units, Jamaica Broilers gained $1 to close at $34 after an exchange of 15,572 shares, Jamaica Producers rose $1.14 to end at $23.02, with 12,001 stock units crossing the market. Mayberry Jamaican Equities sank 50 cents to $10 with traders dealing in 14,970 stocks, NCB Financial declined 53 cents and ended at $63.97 after 24,433 units crossed the exchange, Pan Jamaica lost 50 cents to finish at $47.50 with investors trading 11,241 stocks. Sagicor Group fell 65 cents to close at $41 as 12,998 units passed through the market, Sagicor Real Estate Fund dipped 50 cents in closing at $7 after an exchange of 4,782 shares, Scotia Group shed $1.10 to end at $44.50 with investors dealing in 29,354 stock units. Seprod rallied $2.17 to close at $82.17 in an exchange of 12,882 shares, Supreme Ventures dropped 50 cents to close at $24.50 with investors transferring 17,220 stock units and Sygnus Real Estate Finance advanced $1.21 and ended at $14 in an exchange of 202 stocks.
In the preference segment, 138 Student Living preference share skidded $5 in closing at $210 with an exchange of 16 units and Productive Business Solutions 10.5 % preference share rose $50 to end at $1200 in trading 4 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in trading for the USD Market
Trading surged on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 1,060 percent jump in the volume of stocks exchanged following a 244 percent pop in value compared with market activity on Tuesday and resulting in trading in 10 securities, compared to 12 on Tuesday with prices of three rising, three declining and four ending unchanged.
The market closed with an exchange of 1,005,394 shares for US$50,711 compared to 86,667 units at US$14,748 on Tuesday.
Trading averaged 100,539 units at US$5,071 versus 7,222 shares at US$1,229 on Tuesday, with a month to date average of 36,785 shares at US$2,318 compared with 29,371 units at US$1,998 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index declined 3.55 points to end at 239.06.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. 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 five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, First Rock Real Estate USD share dipped 0.58 of one cent to end at 4.02 US cents closing, with 4,258 units being traded, Margaritaville ended at 10 US cents with 600 stocks crossing the market, Productive Business Solutions remained at US$1.59 after investors ended trading 36 shares. Proven Investments fell 1.68 cents to finish at 13.02 US cents with investors transferring 186,935 stock units, Sterling Investments remained at 1.7 US cents after 117 shares crossed the exchange, Sygnus Credit Investments gained 0.01 of a cent to close at 7.95 US cents with traders dealing in 5,475 stocks and Transjamaican Highway rose 0.08 of a cent to 2.19 US cents in switching ownership of 806,663 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.19, with 700 stock units crossing the market, Productive Business Solutions 9.25% preference share declined 50 cents to close at US$11 in trading 250 shares and Sygnus Credit Investments E8.5% advanced 10 cents in closing at US$10.70, with 360 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks push Trinidad Exchange down
Falling stocks outnumbered those rising by more than two to one when trading ended on the Trinidad and Tobago Stock Exchange on Wednesday and finished with a 60 percent rise in the volume of stocks traded rising valued 244 percent more than on Tuesday and resulting in the trading of 20 securities similar to Tuesday and ending with prices of four stocks rising, nine declining and seven remaining unchanged.
The market closed with an exchange of 138,141 shares for $3,123,131 compared with 86,156 stock units at $908,797 on Tuesday.
An average of 6,907 shares were traded at $156,157 compared to 4,308 units at $45,440 on Tuesday, with trading month to date averaging 12,770 shares at $150,226 compared with 13,365 units at $149,625 on the previous day and an average for March of 28,236 shares at $236,496.
The Composite Index skidded 2.36 points to close at 1,206.82, the All T&T Index sank 4.90 points to 1,816.25, the SME Index remained unchanged at 77.71 and the Cross-Listed Index rose 0.05 points to conclude trading at 77.63.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s climbed 37 cents to close at $69, with 1,881 shares crossing the market, Ansa McAl shed $2 to $55 after a transfer of 4,209 units, Ansa Merchant Bank sank 15 cents to finish at $45.15 with investors trading 131 shares. Calypso Macro Investment Fund dropped 40 cents to $22.60 after trading 4,108 stocks, Endeavour Holdings ended at $15 with investors trading 33 shares, First Citizens Group slipped 1 cent to $48.10 in swapping 1,915 units. FirstCaribbean International Bank gained 6 cents to close at $7.01 after an exchange of 1,688 stocks, GraceKennedy ended at $3.90 in trading 8,000 stock units, Guardian Holdings slipped 5 cents and ended at $18.70 with 30 shares changing hands. JMMB Group lost 4 cents to close at $1.45 in an exchange of 3,692 units, Massy Holdings ended at $4.30, with 66,356 stocks changing hands, National Enterprises dipped 3 cents to end at $3.85 as investors traded 420 stock units. National Flour Mills remained at $2.20 after 17,000 shares passed through the market, One Caribbean Media remained at $3.82, with 907 stocks crossing the exchange, Point Lisas skidded 20 cents in closing at $3.50 with investors swapping 900 stock units. Prestige Holdings ended at $14 in an exchange of 3,508 stocks, Republic Financial popped 7 cents to end at $119 with investors trading 17,367 shares, Scotiabank ended at $69.98 and closed with an exchange of 373 stock units. Trinidad & Tobago NGL declined 46 cents to $8.50 with 5,123 stocks changing hands and Trinidad Cement rallied 11 cents in closing at $2.85 with 500 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More funds enters JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 43 percent decline in the volume of stocks changing hands after a 166 percent jump in value compared with Monday, and resulting from trading in 12 securities, compared to 10 on Monday with prices of five rising, four declining and three ending unchanged.
The market closed with an exchange of 86,667 shares for US$14,748 compared to 152,339 units at US$5,545 on Monday.
Trading averaged 7,222 units at US$1,229 versus 15,234 shares at US$554 on Monday, with a month to date average of 29,371 shares at US$1,998 compared with 32,963 units at US$2,123 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index gained 1.19 points to end the day at 242.61.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. 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 four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden climbed 0.51 of one cent in closing at 23 US cents after an exchange of 200 units, First Rock Real Estate USD share rose 0.58 of one cent to 4.6 US cents with investors transferring 1,080 stocks, Margaritaville remained at 10 US cents in an exchange of 80 shares. Productive Business Solutions ended at US$1.59, with 27 stock units changing hands, Proven Investments advanced 0.97 of one cent to close at 14.7 US cents in an exchange of 7,992 shares, Sterling Investments popped 0.19 of a cent to end at 1.7 US cents after trading 36 stock units. Sygnus Credit Investments rallied 0.34 of a cent in closing at 7.94 US cents with a transfer of 11,059 stocks, Sygnus Real Estate Finance USD share ended at 9 US cents and closed after 65 units were traded and Transjamaican Highway declined 0.09 of a cent to finish at 2.11 US cents with an exchange of 59,749 stocks.
In the preference segment, JMMB Group US8.5% preference share shed 0.85 of one cent and ended at US$1.19, with 6,000 units crossing the market, Productive Business Solutions 9.25% preference share dropped 85 cents to close at US$11.50 with investors dealing in 259 shares and Sygnus Credit Investments E8.5% lost 10 cents to end at US$10.60, with 120 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slow trading on the Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume and valued traded declining by 51 percent from that on Monday and resulting in activities in 20 securities up from 17 on Monday and ending with prices of five stocks rising, four declining and 11 remaining unchanged.
The market closed with an exchange of 86,156 shares for valued at $908,797 compared to 176,997 stock units at $1,850,702 on Monday.
An average of 4,308 shares were traded at $45,440 compared with 10,412 units at $108,865 on Monday, with trading month to date averaging 13,365 shares at $149,625 compared with 14,389 units at $161,398 on the previous day and an average for March of 28,236 shares at $236,496.
The Composite Index dropped 4.25 points to 1,209.18, the All T&T Index lost 8.01 points to end the day at 1,821.15, the SME Index remained at 77.71 and the Cross-Listed Index dipped 0.03 points to 77.58.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Agostini’s fell 12 cents to close at $68.63 after investors traded of 1,000 shares, Angostura Holdings shed 21 cents to end at $22.74 in an exchange of 2,205 units, Ansa McAl ended at $57 with investors swapping just 2 shares. Ansa Merchant Bank closed trading at $45.30 after 2 stock units passed through the market, Calypso Macro Investment Fund finished at $23 with investors trading 3,404 shares, First Citizens Group popped 1 cent to $48.11 with 471 stocks crossing the market. GraceKennedy ended at $3.90 with investors trading 2,625 stocks, Guardian Holdings closed at $18.75 after exchanging 618 units, Guardian Media closed at $2 with investors dealing in 106 stocks. Massy Holdings finished trading at $4.30 with an exchange of 22,088 shares, National Enterprises popped 8 cents to end at $3.88 after a transfer of 7,102 stock units, One Caribbean Media ended at $3.82, with 25 units changing hands. Point Lisas remained at $3.70 in trading 100 shares, Prestige Holdings ended at $14after 4,435 units passed through the market, Republic Financial declined 7 cents and ended at $118.93 as investors exchanged 619 stocks. Scotiabank increased 3 cents in closing at $69.98 in switching ownership of 329 stock units, Trinidad & Tobago NGL remained at $8.96 with traders dealing in 29,106 shares, Trinidad Cement rose 3 cents to close at $2.74 in an exchange of 2,684 stock units. Unilever Caribbean jumped $1.09 to $12.65 and closed with 1,584 units changing hands and West Indian Tobacco lost 99 cents to finish at $13.01 with an exchange of 7,651 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.