Trading closed the Jamaica Stock Exchange Junior Market on Wednesday, with the market index recording its fifth straight day of gains following last week’s 226 points fall in three days after hitting an all-time record high and ended on Wednesday after the volume of stocks traded declining 63 percent below Tuesday’s level less as the value of stock traded dropped 47 percent and leaving stocks rising and falling almost sharing the honours equally.
The number of securities trading remains elevated as all 43 participated in market activity as was the case on Tuesday and ended with 15 rising, 16 declining and 12, closing unchanged. At the close, the Junior Market Index increased 43.38 points to settle at 3,983.90.
The PE Ratio, a measure used to compute appropriate stock values, averages 19.6. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 4,440,089 shares traded for $19,969,265 compared to 12,058,347 units at $37,852,476 on the previous day. Spur Tree Spices led trading with 905,497 shares for 20.4 percent of total volume followed by Future Energy Source with 651,383 units for 14.7 percent of the day’s trade and Lumber Depot with 352,455 units for 7.9 percent market share.
Trading averaged 103,258 shares at $464,402 in contrast to 280,427 shares at $880,290 on Tuesday and month to date, averaging 381,857 units at $1,442,591, compared to 399,658 units at $1,505,090 on previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial fell 74 cents to $19.96, with 638 shares changing hands, AMG Packaging declined 38 cents to close at $3.06 in an exchange of 172,110 stocks, Blue Power increased 38 cents after ending at $4 in switching ownership of 42,500 stock units. Cargo Handlers lost 10 cents to close at $7.60 after exchanging 31,503 units, Caribbean Assurance Brokers rallied 25 cents to end at $3.25, with 48,628 stock units crossing the exchange, Caribbean Cream climbed 45 cents to close at $5.30 after trading 1,108 stocks. Dolphin Cove advanced 50 cents to end at $28.94 after 141,641 shares crossed the market, Express Catering popped 19 cents to $6.19 trading 56,396 units, Honey Bun dropped 15 cents after ending at $9.70, with 38,064 shares clearing the market. ISP Finance shed $2.20 in closing at $30 finishing after an exchange of 11 units, Knutsford Express lost 17 cents in closing at $7.80 after exchanging 569 stock units, Lasco Distributors shed 19 cents to end at $3.70 in an exchange of 44,038 stocks. Limners and Bards gained 23 cents to close at $3.74, with 5,615 stocks crossing the market, Main Event rose 19 cents to $5.30 in trading 3,176 stock units, Spur Tree Spices traded 905,497 shares and rose 7 cents to close at a record closing high of $3.28 and tTech declined 20 cents to $4.15 while exchanging 66,030 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for February 2022
Junior Market rises main market slips
Stocks ended mixed in trading on the Jamaica Stock Exchange on Wednesday, with the Combined Index falling 674.56 points to 402,759.09, the All Jamaican Composite Index dropping 964.21 points to settle at 445,336.66 and the JSE Main Index lost 1,127.53 points to end at 392,411.40.
The Junior Market continues to recover from last weeks’ big sell off by adding another 43.38 points to gains over the past four days to close at 3,983.90.
The market’s PE ratio ended at 17.8 based on 2021-22 earnings and 11.9 times those for 2022-23 at the close of market activity on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart along with the more detailed daily report charts, provide investors with regularly updated information to help with decision making.
Investors should make use of the chart to help make rational investment decisions, by investing in stocks that are close to the average for the sector and not going too far from it, unless there are compelling reasons to do so. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets daily report charts that show closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Few price changes on Trinidad Stock Exchange
Market activity on the Trinidad and Tobago Stock Exchange on Wednesday resulting in, the trading of 578 percent more shares, with 181 percent higher value than on Tuesday, with the prices of only three stocks changed from Tuesday’s close.
A total of 17 securities traded down from 19 on Tuesday, with one stock rising, two declining and 14 remaining unchanged.
The Composite Index slipped 2.24 points to 1,505.37, the All T&T Index gained 2.19 points to close at 2,118.99 and the Cross-Listed Index declined 0.98 points to 118.96.
A total of 639,746 shares traded for $4,424,096 up from 94,303 units at $1,573,688 on Tuesday.
An average of 37,632 units traded at $260,241 compared to 4,963 shares at $82,826 on the previous day, with trading month to date averaging 50,229 units at $541,615 versus 50,963 units at $557,997. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s traded 34 shares at $46, Angostura Holdings remained at $19.74 after 730 stock units changed hands, Clico Investment Fund climbed $1 to close at $31 in exchanging 65,049 stocks. First Citizens Group fell 5 cents to $64.45 in trading 1,920 units, FirstCaribbean International Bank ended unchanged at $6.12 in switching ownership of 6,000 stock units, GraceKennedy remained at $6.07, with 679 shares crossing the exchange. Guardian Holdings finished at $30 while exchanging 500 stocks,JMMB Group ended at $2.30 after exchanging 542,739 units, Massy Holdings remained at $105.99 trading 382 units. National Enterprises finished at $3.25, with 3,744 stocks clearing the market, NCB Financial Group ended unchanged at $7.75 in exchanging 5,800 stock units, Point Lisas remained at $3.27 with an exchange of 3,500 shares. Republic Financial Holdings finished at $142, with 5,055 shares changing hands, Scotiabank ended at $72.01 in an exchange of 1,244 units, Trinidad & Tobago NGL lost 3 cents to end at $20.95, with 547 stocks crossing the market. Unilever Caribbean remained at $15.75 after 1,058 stock units changed hands and West Indian Tobacco ended unchanged at $25.94 with the swapping of 765 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market falls
Trading on Tuesday, ended with the volume of shares changing hands declining 47 percent, with 23 percent less value than on Monday, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks declining than rising.
A total of nine securities traded, down from 11 on Monday with one rising, four declining and four ending unchanged.
The JSE US Denominated Equities Index lost 1.90 points to end at 203.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 146,802 shares traded for US$35,811 compared to 279,179 units at US$46,660 on Monday.
Trading averaged 16,311 units at US$3,979, compared to 25,380 shares at US$4,242 on Monday and month to date averages 86,072 shares at US$4,427 versus 92,110 units at US$4,465 on the previous day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share remained at 7.5 US cents while exchanging 1,490 shares, Margaritaville finished at 20 US cents, with 353 stocks changing hands, Productive Business Solutions dropped 9 cents to end at US$1 after 26 units crossed the market. Proven Investments inched 0.01 cents higher in closing at 23 US cents after trading 39,728 stock units, Sterling Investments shed 0.01 cents to end at 2.37 US cents trading 3,939 shares, Sygnus Credit Investments USD share ended unchanged at 12.83 US cents with an exchange of 4,301 stock units and Transjamaican Highway fell 0.02 cents to 0.87 US cents in switching ownership of 84,153 stocks.
In the preference segment, JMMB Group 5.75% finished at US$2.09 in trading 11,180 units and JMMB Group 6% declined 10.9 cents to end at 99.1 US cents after exchanging 1,632 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for Jamaican stocks on Tuesday
Stocks ended with losses at the close of trading on the Jamaica Stock Exchange on Tuesday with the Combined Index falling 1,327.32 points to 403,433.65, the All Jamaican Composite Index added 111.44 points to end at 446,300.87.
The Junior Market gained 14.23 points to close at 3,940.52 and the JSE Main Index dropped 1,550.37 points to end at 393,538.93.
The market’s PE ratio ended at 17.7 based on 2021-22 earnings and 11.8 times those for 2022-23 at the close of market activity on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart along with the more detailed daily report charts, provides investors with regularly updated information to help with decision making.
Investors should make use of the chart to help make rational investment decisions, by investing in stocks that are close to the average for the sector and not going too far from it, unless there are compelling reasons to do so. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets daily report charts that show closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Stocks down on Trinidad & Tobago SE
Market activity ended on Tuesday and resulted in 97 percent fewer shares trading, with 91 percent lower value than on Monday, at the close of the Trinidad and Tobago Stock Exchange that ended with more stocks declining than rising for the day.
A total of 19 securities traded up from 18 on Monday, with four stocks rising, seven declining and eight remaining unchanged. The Composite Index dropped 3.59 points to 1,507.61, the All T&T Index declined 7.85 points to end at 2,116.80 and the Cross-Listed Index popped 0.14 points to settle at 119.94.
A total of 94,303 shares traded for $1,573,688 down from 3,000,471 units at $17,061,015 on Monday.
An average of 4,963 units traded at $82,826 compared to 166,693 shares at $947,834 on the prior day. Trading month to date averaged 50,963 units at $557,997 versus 54,164 units at $591,067. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s remained at $46, with 357 shares changing hands, Ansa McAl ended unchanged at $58 with the swapping of 275 stock units, Clico Investment Fund declined $1 to end at $30 after 14,125 stocks crossed the market. First Citizens Group popped 4 cents in ending at $64.50, with 3,394 units clearing the market, GraceKennedy climbed 7 cents to close at $6.07 trading 487 shares, Guardian Holdings closed at $30 in switching ownership of 2,629 stocks. JMMB Group finished at $2.30 with an exchange of 867 stock units, L.J. Williams B share remained at $1.95 while exchanging 357 units, Massy Holdings fell 1 cent to end at $105.99, with 282 shares crossing the exchange. National Enterprises ended unchanged at $3.25 after exchanging 1,787 stock units, National Flour Mills shed 5 cents to end at $1.95 in trading 50 stocks, NCB Financial Group dropped 6 cents after ending at $7.75 and exchanging 52,301 units. One Caribbean Media ended unchanged at $4.20 trading 9,500 shares, Prestige Holdings advanced 1 cent to $7.10 with 300 stock units changing hands, Republic Financial Holdings lost $1 to close at $142 trading 329 units. Scotiabank fell $1.49 to $72.01 in an exchange of 2,273 stocks, Trinidad & Tobago NGL lost 2 cents to end at $20.98 in exchanging 850 shares, Unilever Caribbean finished at $15.75 after an exchange of 1,415 stocks and West Indian Tobacco gained 4 cents in closing at $25.94 in switching ownership of 2,725 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.