Rising stocks were in the ascendency at the close of trading on the Junior Market of the Jamaica Stock Exchange Monday, with trading in 43 securities up from 39 on Friday, ending with prices of 16 rising, 12 declining and 15 closing unchanged, with the activity moving the market index marginally higher at the close following a 90 percent rise in the volume of stocks traded, valued 167 percent more than Friday.
Trading ended with 8,027,745 shares traded for $21,682,237 compared with 4,230,099 stock units at $8,122,644 on Friday.
Trading averaged 186,692 shares at $504,238 compared to 108,464 units at $208,273 on Friday and trading for the month to date, averages 163,019 stock units at $346,929 compared to 161,282 stocks at $335,386 on the previous trading day and December that ended with an average of 466,866 units at $1,111,272.
Express Catering led trading with 3.37 million shares for 42 percent of total volume followed by JFP Ltd with 1.43 million stocks for 17.8 percent of the day’s trade and Dolla Financial with 1.05 million units for 13.1 percent of the day’s trade.
At the close, the Junior Market Index gained 7.42 points to end at 3,737.00, down 2.9 percent for the year so far.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power rose 20 cents to end at $3.15 in an exchange of 100 units, Caribbean Flavours added 10 cents in closing at $1.70 with investors transferring 80,000 stocks, Dolla Financial dropped 11 cents to $2.60 with 1,053,076 shares clearing the market. Dolphin Cove fell 50 cents and ended at $19 after a transfer of 37 stock units, EduFocal popped 12 cents to close at $1.49 with investors trading 132,596 shares, Express Catering increased 36 cents to $3.97 with an exchange of 3,374,968 stock units after the price hit a 52 weeks’ intraday low of $3.51. Fontana declined 19 cents in closing at $10.30 with 8,847 units crossing the market, Jetcon Corporation gained 8 cents and ended at 91 cents while exchanging 464 stocks, KLE Group rallied 45 cents to end at $2.30 with traders dealing in 118,337 units. Knutsford Express advanced 39 cents to close at $12.39 in an exchange of 2,730 stocks, Lasco Distributors rose 15 cents to $4 with investors swapping just 475 shares, Limners and Bards traded at 52 weeks low of $1.29 after the price slipped 2 cents with 191,035 shares changing hands and Spur Tree Spices advanced 7 cents and ended at $2.41 after 4,150 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD Market
More than a quarter million dollars passed through the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks exchanged declining 51 percent after the value surged 1,550 percent more than on Friday, resulting in trading in seven securities, the same as on Friday with the price of three rising, two declining and two ending unchanged.
The market closed with trading in 317,598 shares for US$259,958 compared to 649,338 units at US$15,760 on Friday.
Trading averaged 45,371 units at US$37,137 versus 92,763 shares at US$2,251 on Friday, with a month to date average of 40,118 shares at US$4,417 compared with 39,670 units at US$1,624 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index increased 3.41 points to close at 240.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 five 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 skidded 0.09 of a cent to end at 4.01 US cents after 8,899 units passed through the market, Proven Investments ended at 13 US cents after an exchange of 2,523 shares. Sygnus Credit Investments advanced 0.27 of one cent to close at 8.99 US cents, with 63,572 stock units changing hands and Transjamaican Highway fell 0.02 cent to 1.85 US cents clearing the market with 35,945 stocks.
In the preference segment, JMMB US8.5% preference share rose 3 US cents to US$1.03 in trading 206,359 stocks, Productive Business Solutions 9.25% preference share ended at US$11.50 while exchanging 100 units and Sygnus Credit Investments E 8.5% popped 25 US cents and ended at US$10.25 with investors trading 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica’s remittances exceed US$3B in 2023
Jamaica had total remittance Inflows of US$268 million in November last year, down 3.4 percent from US$277 million in November 2022, Jamaica’s central bank data show.
For the 11 months to November 2023, remittance inflows to the country amounted to US$3.064 billion, a decline of 1.6 percent compared to 2022 for the same period. The decline is just US$50 million short of the US$3.114 billion for the same period in 2022. The full 2023 outcome could fall short of US$3.4 billion based on the trend for the year to date and would be down on the US$3.44 billion that obtained in 2022.
Steady JSE USD Market trades
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with a 315 percent rise in the volume of stocks exchanged after 4 percent fewer dollars changed hands than on Thursday, resulting in trading in seven securities, compared to six on Thursday with prices of three rising, two declining and two ending unchanged.
The market closed with an exchange of 649,338 shares for US$15,760 compared to 156,654 units at US$16,462 on Thursday.
Trading averaged 92,763 units at US$2,251 versus 26,109 shares at US$2,744 on Thursday, with a month to date average of 39,670 shares at US$1,624 compared with 34,714 units at US$1,565 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index declined 3.74 points to close at 237.32.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD sharedipped 0.6 of one cent and ended at 4.1 US cents, with 2,744 stocks crossing the exchange, Margaritaville remained at 10 US cents in switching ownership of 179 units, Proven Investments ended trading of 4,364 shares at 13 US cents. Sterling Investments slipped 0.1 cent to end at 1.5 US cents, with 60,814 stock units crossing the market, Sygnus Credit Investments gained 1.02 cent in closing at 8.72 US cents with an exchange of 72,020 shares, Sygnus Real Estate Finance USD share popped 1.11 cents to 8.11 US cents with trading of 1,000 stocks and Transjamaican Highway rose 0.03 of a cent to close at 1.87 US cents after an exchange of 508,217 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks drive Trinidad Exchange higher
Stocks rising at the close of trading on the Trinidad and Tobago Stock Exchange surged on Friday, after an exchange of 15 securities compared with 13 on Thursday, with prices of 10 stocks rising, two declining and three remaining unchanged following a 559 percent jump in the volume of stocks traded valued 1,051 percent more than at the close on Thursday and leading to a sizable bounce in the major market indices.
The market closed with an exchange of 183,039 shares for $4,394,938, up from just 27,758 units at $381,991 on Thursday.
An average of 12,203 shares were traded at $292,996 up from 2,135 units at $29,384 on Thursday, with trading month to date averaging 9,682 shares at $130,089 compared with 9,492 stock units at $117,871 on the previous day and December with an average of 17,065 shares at $239,371.
The Composite Index popped 10.04 points to 1,207.89, the All T&T Index advanced 15.44 points to lock up trading at 1,816.43, the SME Index remained unchanged at 78.23 and the Cross-Listed Index advanced 0.60 points to cease trading at 77.91.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s popped 1 cent and ended at $68.50 with investors trading 1,109 stock units, Angostura Holdings climbed $1.54 to $21.64 following the passage through the market of 5,936 shares, Ansa McAl rose $2.98 in closing at $59.98 after investors traded 20 units. Ansa Merchant Bank advanced 25 cents to close at $43.25, with 42,137 stocks crossing the market, First Citizens Group rallied 99 cents to $51 with investors dealing in 6,491 shares, FirstCaribbean International Bank ended at $7.05 in switching ownership of 2,985 stocks. Guardian Holdings gained 15 cents and ended at $18.15 with traders dealing in 31,760 units, JMMB Group rallied 6 cents in closing at $1.37 while exchanging 3,185 stock units, Massy Holdings remained at $4.44, with 68,185 shares crossing the market. National Enterprises dipped 5 cents to $3.75 with investors swapping 7,000 stocks, Republic Financial rose 50 cents to $122 with a transfer of 3,631 stocks, Scotiabank advanced 50 cents to $70 after 9,016 units passed through the exchange. Trinidad & Tobago NGL ended at $10.11 with investors trading 1,463 stocks, Trinidad Cement shed 15 cents and ended at $3 in an exchange of 100 shares and Unilever Caribbean popped 20 cents to close at $11.95 after 21 stock units hanged hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.