Trading on Wednesday on the Jamaica Stock Exchange US dollar market ended with the volume of shares changing hands declining 64 percent, with 32 percent less than on Tuesday and resulted in five securities traded, compared to nine on Tuesday with none rising, three falling and two ending unchanged.
The JSE US Denominated Equities Index dropped 10.72 points to end at 203.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending in August 2023.
51,502 shares traded for US$12,484 compared to 144,543 units at US$18,342 on Tuesday. Trading averaged 10,300 units at US$2,497 compared to 16,060 shares at US$2,038 on Tuesday, with month to date average of 100,209 shares at US$4,194 versus 103,864 units at US$4,263 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share remained at 7.9 US cents with 82 shares clearing the market, Productive Business Solutions declined 16 cents to close at US$1.03 after exchanging 31 stocks, Proven Investments shed 0.89 of a cent to end at 24.11 US cents in swapping 48,279 units. Sygnus Credit Investments USD share ended unchanged at 12.9 US cents, with 2,610 stock units crossing the exchange and Sygnus Real Estate Finance USD share fell 2.62 cents in closing at 12.07 US cents with the swapping of 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for April 2022
Big fall for JSE USD market
Gains for the Trinidad stock market
Market activity on the Trinidad and Tobago Stock Exchange ended on Wednesday and resulted in 36 percent more shares traded, with an 11 percent higher value than Tuesday, as the market closed with more stocks falling than rising at the close.
Some 16 securities traded, as was the case on Tuesday, with four rising, seven declining and five remaining unchanged. The Composite Index rallied 3.99 points to settle at 1,433.47, the All T&T Index gained 4.44 points to settle at 2,067.29 and the Cross-Listed Index advanced 0.49 points to settle at 105.76.
A total of 741,482 shares traded for $7,081,772 versus 543,249 units at $6,362,328 on Tuesday. An average of 46,343 units traded at $442,611 compared to 33,953 shares at $397,727 on Tuesday, with trading month to date averaging 42,550 units at $455,014 versus 42,354 units at $455,629. Trading in March averaged 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s gained $1.80 to end at $48 while exchanging 1,020 shares, Ansa McAl remained at $57, clearing the market with 4,665 stock units, Ansa Merchant Bank ended unchanged at $45, with 1,085 stocks crossing the market. Clico Investment Fund fell 25 cents to end at $29.50 in switching ownership of 7,010 units, First Citizens Group rose 50 cents to close at $53, with 960 stock units crossing the market, FirstCaribbean International Bank climbed 12 cents in ending at $5.62, after trading 1,000 units. GraceKennedy finished at $6 in trading 165 stocks, Guardian Holdings declined 19 cents to end at $26.11 in an exchange of 40 shares, JMMB Group finished at $2.50 with the swapping of 136,899 stock units. Massy Holdings shed 20 cents in closing at $5.05 with an exchange of 458,162 shares, NCB Financial Group ended at $6.10 after trading 2,000 stocks, Republic Financial Holdings slipped 2 cents to $140, with 11,734 units changing hands. Scotiabank dropped 10 cents to end at $81, trading 618 shares, Trinidad & Tobago NGL declined 2 cents to close at $20.57 in exchanging 30,435 units, Unilever Caribbean rallied 15 cents to $16.15 in swapping 82,189 stocks and West Indian Tobacco lost 50 cents to end at a 52 weeks’ low of $23.35 after exchanging 3,500 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New Junior Market record & Majors rise
The Junior Market rose 15.34 points to end at a new record close of 4,399.56 while Main Market made a marginal recovery but the JSE USD market lost much ground. At the close, the JSE Combined Index added 2,845.48 points to close at 412,069.67.
The All Jamaican Composite Index gained 1,335.55 points to close at 455,179.03, the JSE Main Index rose 2,893.91 points to end at 398,414.13 and the JSE USD market index slipped 10.72 points to 213. 99.
Trading results in 27,412,394 shares trading in all markets. The value of stocks exchanged in the Main and Junior markets amounts to $142.7 million and the JSE USD market amounts to US$12,484.
The market’s PE ratio ended at 25.2 based on 2021-22 earnings and 13.9 times those for 2022-23 at the close of 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 and 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. 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. 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.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. 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 the 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.
Trading picks up on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market on Tuesday ended with the volume of shares changing hands rising 15 percent as 174 percent more funds went after stocks than on Monday, resulting in nine trading compared to seven on Monday, with none rising, two declining and seven ending unchanged.
The JSE US Denominated Equities Index dipped 0.06 points to end at 224.71.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years closing by the up to the end of August 2023.
Overall, 144,543 shares traded for US$18,342 compared to 125,525 units at US$6,699 on Monday.
Trading averaged 16,060 units at US$2,038, compared to 17,932 shares at US$957 on Monday, with a month to date average of 103,864 shares at US$4,263 versus 110,796 units at US$4,439 on the previous day. March averaged 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none closed with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.9 US cents, with 2,240 shares traded, Margaritaville finished at 16 US cents in exchanging 246 stocks, MPC Caribbean Clean Energy remained at US$1.26 after one share crossed the market. Productive Business Solutions remained at US$1.19 after 43units changed hands, Proven Investments ended at 25 US cents while exchanging 65,131 stocks, Sterling Investments lost 0.12 of a cent in ending at 2.1 US cents after trading 5,210 units. Sygnus Credit Investments USD share finished at 12.9 US cents with an exchange of 7,183 shares, Sygnus Real Estate Finance USD share shed 0.01 of a cent in closing at 14.69 US cents after trading 500 units and Transjamaican Highway ended unchanged at 1.06 US cents with 63,989 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New Junior Market record Majors drop
The Junior Market rose 35.96 points to end at another record close of 4,384.22 after the market passed 4,402 points in early trading. Main Markets gave back more points on Tuesday following declines on Monday. At the close, the JSE Combined Index dropped 3,457.66 points to close at 409,224.18.
The All Jamaican Composite Index shed 3,688.91 points to close at 453,843.48, The JSE Main Index dropped 4,034.35 points to end at 395520.22 and the JSE USD market index slipped 0.06 points to 224.71.
Trading resulted in 29,845,330 shares trading in all markets and resulting in the value of stocks trading in the Main and Junior markets amounting to $195.8 million and the JSE USD market amounting to US$18,343.
The market’s PE ratio ended at 24.9 based on 2021-22 earnings and 13.8 times those for 2022-23 at the close of 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 and 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. 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. 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.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. 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 the 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.
Trading dips on Trinidad Stock Exchange
Market activity on Tuesday resulted in more stocks rising than falling in trading 44 percent fewer shares, with 21 percent lower value than on Monday, at the close of the Trinidad and Tobago Stock Exchange.
Sixteen securities traded compared to 20 on Monday, with five stocks rising, three declining and eight ending unchanged. The Composite Index rallied 0.48 points to 1,429.48, the All T&T Index fell 2.25 points to end at 2,062.85 and the Cross-Listed Index increased 0.48 points to settle at 105.27.
A total of 543,249 shares traded for $6,362,328 versus 972,898 units at $8,093,778 on Monday. An average of 33,953 units traded at $397,645 down from 48,645 shares at $404,868 on Monday, with trading month to date averaging 42,354 units at $455,656 versus 42,813 units at $458,820. Trading in March averaged 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s gained 20 cents in ending at $46.20 after trading 1,282 shares, CinemaOne, ended unchanged at $3.25, with 399 units crossing the market, Clico Investment Fund remained at $29.75 in trading 75,987 stocks. First Citizens Group rose 50 cents to close at $52.50 after 2,358 stock units changing hands, GraceKennedy closed at $6, with 1,100 stock units clearing the market, Guardian Media ended unchanged at $3.20 with the swapping of 3 units. JMMB Group advanced 9 cents to $2.50 with an exchange of 6,278 shares, Massy Holdings climbed 1 cent to $5.25 with 373,169 stocks changing hands, National Enterprises declined 5 cents to end at $2.95 in an exchange of 389 stock units. NCB Financial Group remained at $6.10, with 29,240 shares changing hands, Republic Financial Holdings finished at $140.02 in exchanging 204 stocks, Scotiabank rallied $1.10 in closing at $81.10 in switching ownership of 12,498 units. Trinidad & Tobago NGL shed 1 cent to end at $20.59, with 21,482 units crossing the exchange, Trinidad Cement remained at $3.60, with 2,130 stocks crossing the market, Unilever Caribbean finished at $16 while exchanging 12,646 stock units and West Indian Tobacco lost 5 cents in ending at $23.85 after trading 4,084 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.