Trading surged on Thursday, with the volume traded rising 51 percent compared to trading on Wednesday, with a 926 percent jump in value on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining.
The All Jamaican Composite Index dropped 1,238.52 points to 436,372.59, the JSE Main Index lost 1,477.94 points to 381,852.85 and the JSE Financial Index fell 0.18 points to 91.21. Trading ended with 54 securities up from 52 on Wednesday, with 24 rising, 20 declining and ten ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
A total of 12,502,865 shares were traded for $487,965,172 compared to 8,303,766 units at $47,547,654 on Wednesday. Trading averages 231,535 units at $9,036,392, compared to 159,688 shares at $914,378 on Wednesday and month to date, an average of 253,031 units at $3,614,150, compared to 254,965 units at $3,126,148 on the previous trading day. May averaged 238,645 units at $3,561,016.
Wigton Windfarm led trading with 3.82 million shares for 30.5 percent of total volume, followed by Productive Business Solutions with 9.75% Preference share with 3.62 million units for 29 percent of the day’s trade and Pulse Investments with 697,969 units for 5.6 percent market share.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement gained $6.49 in ending at $67.50 while exchanging 45,734 shares, Caribbean Producers dropped 50 cents to $14 after trading 362,316 units, Eppley Caribbean Property Fund shed $3.63 to end at $39.12, with 3,800 stocks changing hands. GraceKennedy declined $2 in closing at $105 with the swapping of 24,989 stock units, Guardian Holdings climbed $3.88 to close at $510 in switching ownership of 1,708 stocks, JMMB Group increased 50 cents in closing at $42.50, with 35,661 shares crossing the market. Margaritaville popped $2.10 to end at $22.60, closing with 1,267 units changing hands, NCB Financial rose $1.49 to $102.50 with 147,580 stock units clearing the market, Palace Amusement rallied $35 to $855, with nine stocks crossing the market. PanJam Investment lost 79 cents in ending at $64.50 in an exchange of 8,900 stock units, Proven Investments advanced $1.90 to $39 in trading 23,609 shares, Sagicor Group fell $1.40 to close at $55.50 in exchanging 638,627 units. Seprod lost 40 cents to $71 in trading 108,333 stocks, Stanley Motta fell 35 cents in closing at $4.80 after 136,395 shares crossed the exchange, Supreme Ventures rose 99 cents in ending at $29.99 after exchanging 139,762 units.
Sygnus Credit Investments declined 29 cents to $14.51 after trading 30,243 stock units and Sygnus Real Estate Finance advanced $1.43 in ending at $15.43 with an exchange of 459 stock units.
In the preference segment, JMMB Group 7.25% preference share due 2024 increased 30 cents to close at $2.27, with 1,000 stocks crossing the market and Productive Business Solutions 9.75% preference share shed $1.25 to end at $107, with 3,622,977 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market on Thursday, ended with the volume of stocks traded rising 69 percent, with a 63 percent drop in value than Wednesday, as eight securities were traded, up from six on Wednesday with three rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index lost 3.43 points to end at 214.52.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Some 199,358 shares traded for US$12,579 compared to 118,104 units at US$34,212 on Wednesday. Trading averaged 24,920 units at US$1,572, compared to 19,684 shares at US$5,702 on Wednesday, with a month to date average of 83,984 shares at US$4,228 versus 89,891 units at US$4,494 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.49 of a cent to 7.49 US cents, with 6,497 shares crossing the market, Margaritaville declined 0.01 of one cent to close at 14.99 US cents with the swapping of 12,982 stock units, Productive Business Solutions traded 1,297 stock units at US$1.15. Proven Investments shed 0.97 of a cent in closing at 25.02 US cents after exchanging 27,032 units, Sterling Investments dropped 0.25 cents to 1.92 US cents with 23,369 stock units changing hands, Sygnus Credit Investments USD share ended at 12.2 US cents after exchanging 2,014 stocks and Transjamaican Highway gained 0.07 of a cent after ending at 0.98 US cents in trading 126,115 units.
In the preference segment, JMMB Group 6% rose 4 cents to close at US$1.05 with the exchange 52 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume up, prices down on JSE USD market
Trading picked up on Wednesday, with the volume of stocks traded rising 32 percent, with a more than doubling in the value that rose 120 percent more than on Tuesday, on the Jamaica Stock Exchange US dollar market, resulting in more stocks falling than rising at the close.
A total of six securities traded, compared to five on Tuesday with two rising, four declining and no ending unchanged. The JSE US Denominated Equities Index fell 1.02 points to 217.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies with their financial year ending, up to August 2023.
Overall, 118,104 shares were traded, for US$34,212 up from 89,436 units at US$15,551 on Tuesday. Trading averaged 19,684 units at US$5,702, compared to 17,887 shares at US$3,110 on Tuesday, with month to date average of 89,891 shares at US$4,494 versus 95,583 units at US$4,396 on the previous day. May averaged 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share shed 0.4 of a cents to end at 7 US cents with the swapping of 28,483 shares, Proven Investments rallied 0.97 of one cent in ending at 25.99 US cents after trading 5,000 units, Sterling Investments advanced 0.25 of a cent to 2.17 US cents, as 250 stocks changed hands. Sygnus Credit Investments USD share declined 0.19 of a cent to close at 12.2 US cents while exchanging 275 stock units and Transjamaican Highway fell 0.07 of a cent in closing at 0.91 of one US cent in an exchange of 54,096 units.
In the preference segment, JMMB Group 6% lost 4 cents to close at US$1.01 after trading 30,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for the JSE USD market
The volume of stocks trading jumped 176 percent with the value surging 278 percent above trading on Monday at the close of the Jamaica Stock Exchange US dollar market on Tuesday, resulting in five securities traded, down from seven on Monday with one rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index lost 1.51 points to close at 218.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 89,436 shares traded, for US$15,551 compared to 32,360 units at US$4,111 on Monday. Trading averaged 17,887 units at US$3,110, compared to 4,623 shares at US$587 on Monday, with the month to date average of 95,583 shares at US$4,396 versus 101,214 units at US$4,489 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows one ended with a bid higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share dropped 0.1 of a cent in ending at 7.4 US cents with the swapping of 102 shares, Proven Investments fell 1.23 cents to 25.02 US cents in an exchange of 58,051 stock units, Sygnus Credit Investments USD share rallied 0.39 of one cent to close at 12.39 US cents with 3,284 units crossing the exchange and Transjamaican Highway ended unchanged at 0.98 US cents after trading of 27,998 stocks.
In the preference segment, JMMB Group 6% declined 3 cents to end at US$1.05, with one unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume climbs on JSE USD market Friday
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks traded rising 995 percent and the value jumping 1,406 percent more than on Thursday, resulting in a decline in the market index.
A total of six securities traded, compared to eight on Thursday, with one rising, two declining and three ending unchanged. The JSE US Denominated Equities Index slipped 0.06 points to end at 220.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 247,506 shares traded, for US$57,518, up from 22,611 units at US$3,819 on Thursday.
Trading averaged 41,251 units at US$9,586, up from 2,826 shares at US$477 on Thursday, with a month to date average of 112,119 shares at US$4,929 versus 119,712 units at US$4,430 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with higher bids than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share rose 0.1 of a cent to 7.5 US cents with 5,313 shares clearing the market, Margaritaville ended unchanged at 15 US cents in trading 10,006 stocks, Proven Investments lost 0.1 of one cent to end at 26 US cents in switching ownership of 210,953 units. Sterling Investments fell 0.2 of a cent to 2 US cents after exchanging 7,000 stock units, Sygnus Credit Investments USD share finished at 12.39 US cents while exchanging 1,990 stocks and Transjamaican Highway remained at 0.98 of one US cent after trading 12,244 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.