Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining 96 percent with a marginally higher value than on Thursday, resulting in seven securities traded, the same as on Thursday, with three rising, two declining and two ending unchanged.
Overall, 55,704 shares traded for US$12,962 compared to 1,307,226 units at US$12,689 on Thursday.
Trading averaged 7,965 units at US$1,851 versus 186,747 shares at US$1,813 on Thursday, with month to date average of 40,612 shares at US$2,260 versus 42,097 units at US$2,279 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index inched higher by 0.04 points to end at 206.43.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stocks ended with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share remained at 7.5 US cents, with 7,207 shares changing hands, MPC Caribbean Clean Energy shed 14 cents ending at a record low of 61 US cents after exchanging 457 stocks, Productive Business Solutions dropped 8 cents to US$1.30, with one unit changing hands. Proven Investments increased 0.94 of a cent in closing at 20 US cents, with 10,333 stock units crossing the market, Sygnus Real Estate Finance USD share rallied 0.69 of a cent to 11.64 US cents in exchanging 40 stock units and Transjamaican Highway gained 0.11 of one cent to close at 0.91 of one US cent, with 31,141 units crossing the exchange.
In the preference segment, JMMB Group 5.75% ended at US$1.50 with investors transferring 6,525 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for October 2022
Trading dropped on JSE USD Market
JSE Markets closed mixed on Friday
Investors stepped up buying of stocks on the Jamaica Stock Exchange as trading volume and the value of stocks traded surged on Friday and resulting in the Junior Market index rising at the close of the week, but the Main Market slipped and the JSE USD Market inched just higher at the close of Friday’s market activities and left the JSE Combined Index, a measure of the overall market dropping 1,461.45 points to close at 362,922.12.
The All Jamaican Composite Index dipped 2,372.81 points to 398,290.49, the JSE Main Index declined 1815.69 points to 248,226.07 the Junior Market Index climbed 25.86 points to 4,150.00 and the JSE USD market Index popped 0.04 points to close at 206.43.
Trading ended with 59,396,759 shares for $172.7 million, up sharply from $76.6 million, with 16,793,278 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$12,962 from US$12,689 on Thursday.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.9 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 on the Jamaica Stock Exchange. Companies are 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.
Gains outshine losses on TTSE Friday
Rising stocks outnumbered those rising at the close of activity on the Trinidad and Tobago Stock Exchange on Friday, with a 78 percent fall in the volume of stocks traded and an 84 percent decline in the value compared with Thursday, resulting in 18 securities trading down from 20 on Thursday, with seven stocks rising, three declining and eight remaining unchanged.
Investors traded 265,800 shares for $3,622,246 down from 1,193,737 stocks at $22,855,716 on Thursday.
An average of 14,767 shares were traded at $201,236 versus 59,687 stocks at $1,142,786 on Thursday, with trading month to date averaging 30,591 shares at $373,508 versus 31,475 units at $383,138 on the previous day. The average trade for September to 45,817 at $463,533.
The Composite Index rallied 3.74 points to 1,320.63, the All T&T Index advanced 5.08 points to 1,971.45 and the Cross-Listed Index popped 0.32 points to settle at 87.38.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings climbed 81 cents after ending at $24.95 while trading 40 shares, Calypso Macro Investment Fund remained at $22 as investors exchanged 111 stocks, Clico Investment Fund gained 5 cents to end at $30, with 50,344 units crossing the market. First Citizens Group ended at $50.05 in trading 679 stock units, GraceKennedy advanced 20 cents to $5.20 with investors transferring 237 stocks, Guardian Holdings ended at $25.06 after exchanging 2,000 shares. JMMB Group remained at $2 in trading 14,366 stock units, Massy Holdings dropped 1 cent to $4.50 after an exchange of 108,619 units, National Enterprises popped 11 cents to close at $3.26 with 3,412 units changing hands. NCB Financial increased 1 cent to $4.81, with 40,290 stock units crossing the exchange, Point Lisas remained at $3.25 in switching ownership of 10 shares, Prestige Holdings ended at $6.50, with 1,020 stocks clearing the market. Republic Financial fell 2 cents to end at $135 after trading 527 units, Scotiabank remained at $77.85 with a transfer of 6,561 shares, Trinidad & Tobago NG shed 5 cents in ending at $22.05 after dealings in 24,719 stocks. Trinidad Cement ended at $3.50, with 5,010 stock units crossing the market, Unilever Caribbean rose 22 cents in closing at $13.04 after a transfer of 1,836 shares and West Indian Tobacco rallied 45 cents to end at $22 with an exchange of 6,019 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on the JSE USD market
Trading jumped on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 3,309 percent surge in the volume of stocks exchanged as the value rose 63 percent over Wednesday’s trading levels, resulting in seven securities traded, which is similar to Wednesday’s outcome with prices of five rising, one declining and one ending unchanged.
Overall, 1,307,226 shares were traded for US$12,689 up from 38,341 units at US$7,793 on Wednesday.
Trading averaged 186,747 units at US$1,813 versus 5,477 shares at US$1,113 on Wednesday, with a month to date average of 42,097 shares at US$2,277 versus 35,209 units at US$2,299 on the previous day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 2.45 points in ending at 206.39.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and three with lower offers.
At the close, First Rock Real Estate USD share increased 0.3 of a cent in closing at 7.5 US cents after trading 9,000 shares, Proven Investments gained 0.06 of a cent to close at 19.06 US cents as 5,000 units passed through the market, Sygnus Credit Investments USD share climbed 0.89 of a cent after ending at 10 US cents in switching ownership of 2,570 stocks. Sygnus Real Estate Finance USD share rose 0.85 of a cent to 10.95 US cents after 439 stock units changed hands and Transjamaican Highway shed 0.1 of a cent to close at 0.8 of one US cent after finishing an exchange of 1,290,136 stock units.
In the preference segment, Productive Business 9.25% preference share rose 35 cents to a record high of US$11.50 crossing the exchange of 24 shares and Equityline Mortgage Investment preference share ended at US$1.70 with an exchange of 57 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Markets fall on Thursday
The Jamaica Stock Exchange three markets declined moderately on Thursday, with the JSE Combined Index, a measure of the overall market dropping 1,228.56 points to close at 364, 383.57.
The All Jamaican Composite Index dipped 1,462.75 points to 400,663.30, the JSE Main Index declined 1,237.21 points to 350, 0421.76, the Junior Market Index lost 8.04 points to 4,124.14 and the JSE USD market Index slipped 2.45 points to close at 206.39.
Trading ended, with 16,793,278 shares changing hands, for $76.6 million, down from $110.3 million, with 32,095,717 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$12,689 from US$7,793 on Wednesday.
The market’s PE ratio ended at 23.9 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 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 surges on Trinidad Exchange
Trading jumped sharply on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded rising 103 percent, with the value surging 325 percent above that on Wednesday, resulting in 20 securities trading compared with 16 on Wednesday, with four stocks rising, ten declining and six remaining unchanged.
Investors traded 1,193,737 shares for $22,855,716 up from 587,943 stock units at $5,371,639 on Wednesday.
An average of 59,687 units were traded at $1,142,786 compared to 36,746 shares at $335,727 on Wednesday, with trading month to date averaging 31,475 shares at $383,138 versus 29,607 units at $332,830 on the previous day. The average trade for September amounts to 45,817 shares at $463,533.
The Composite Index shed 6.62 points to 1,316.89, the All T&T Index shed 8.38 points to end at 1,966.37 and the Cross-Listed Index fell 0.66 points to close at 87.06.
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, Agostini’s climbed 99 cents in closing at $43 while exchanging 82 shares, Angostura Holdings shed 81 cents to close at $24.14 after trading 739,170 stocks, Ansa McAl remained at $53.80 after a transfer of 4 units. Calypso Macro Investment Fund ended at $22 as 1,313 stock units passed through the market, Clico Investment Fund declined 5 cents to $29.95 in an exchange of 49,647 stock units, First Citizens Group remained at $50.05 with investors transferring 4,008 stocks. FirstCaribbean International Bank ended at $5, with 2,756 shares clearing the market, GraceKennedy lost 20 cents to close at $5 with an exchange of 12,084 units, Guardian Holdings remained at $25.06 after 6,004 units crossed the exchange. Guardian Media dipped 4 cents to $3 as investors exchanged 2,500 shares, JMMB Group dropped 10 cents to end at $2 with the swapping of 48 stocks, Massy Holdings ended at $4.51, with 203,274 stock units changing hands. National Enterprises fell 11 cents to close at $3.15 with a transfer of 104,845 stock units, National Flour Mills declined 6 cents to $1.59 after 9,800 stocks crossed the market, Prestige Holdings dipped 15 cents to $6.50 in exchanging 564 shares. Republic Financial rallied 2 cents to $135.02 in trading 1,430 units, Scotiabank lost 4 cents to $77.85 in exchanging 6,686 shares, Trinidad & Tobago NGL advanced 35 cents in closing at $22.10 after 24,513 stock units passed through the exchange. Unilever Caribbean popped 2 cents to close at $12.82 after dealings in 393 stocks and West Indian Tobacco shed 45 cents after ending at a 52 weeks’ low of $21.55 in switching ownership of 24,616 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Cari-Med heading for Jamaica Stock Exchange
Word on the street is that the Cari-Med Group is preparing for listing on the Jamaica Stock Exchange, with all probability that this will take place by early 2023 ICInsider.com has been reliably informed.
The company was launched in 1986 as Cari-Med Limited, a small pharmaceutical distribution company, by Glen and Marva Christian.
“The Group has an excellent reputation in the market and is the dominant pharmaceutical company in the country”, one source informed ICInsdier.com.
The Group represents and distributes Lysol, Harpic, Gillette, Duracell, Wrigley, Scotch Brite, Ensure and Purina, to name some of the products they manage.
In 2020 a restructuring of the companies within the Group resulted in Cari-Med being renamed Cari-Med Group, the parent company of the Group.
Marketing activities are organized under three divisions, Consumer and pharmaceuticals, with the third being medical supplies, Hospital, Medical Equipment and Disposables, staffed by sales and marketing personnel teams.
The Group serves markets across the Caribbean region with exports of its home brands such as Lullabye baby products, BemStar Adult Diapers, and the KenClean line of laundry products.
The Group invested more than $6 billion in the development of a distribution centre in St. Catherine to house a 258,000-square-foot facility on land along Salt Pond Road in Bernard Lodge to house the warehouses and administrative offices of the Consumer Goods Division.
Cari-Med employs over 900 employees has been with the company website indicates. Dun & Bradstreet put revenues for the Group at Cari-Med at US$37 million and Kirk Distributors at US$38 million and the Cari-Med building in New Kingston is said to generate rental income of US$20. But one source is of the view that the revenues in the distribution may be closer to J$15 billion, which could deliver a profit of around $600 to $700 million, but the financial cost to build out the warehouse may result in net profit being trimmed below this level.
NCB Capital Markets is the broker for the issue.