The Junior Market of the Jamaica Stock Exchange enjoyed a big bounce on Wednesday, following a modest rise in the volume and value of stocks traded over Tuesday with 43 securities trading the same number on Tuesday and ended with the prices of 20 rising, 17 declining and six closing unchanged.
A total of 13,259,001 shares were traded for $36,695,111 up from 11,656,909 units at $35,649,120 on Tuesday.
Trading averaged 308,349 shares at 853,375 compared to 271,091 shares at $829,049 on Tuesday with month to date, averaging 254,581 units at $793,054 compared to 251,181 stock units at $789,240 previously. September closed with an average of 470,099 units at $1,578,447.
JFP Ltd led trading with 2.64 million shares for 19.9 percent of total volume followed by Dolla Financial with 2.28 million units for 17.2 percent of the day’s trade, Jamaican Teas with 2.02 million units for 15.2 percent market share, ONE on ONE Educational with 1.74 million units for 13.1 percent market share and Mailpac Group ended with 1.59 million units for 12 percent of stocks traded.
At the close, the Junior Market Index increased 46.29 points to settle at 4,132.18.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial popped $2.94 to $24.49 in switching ownership of 10 shares, Blue Power declined 28 cents to close at $3.12, with 9,278 units crossing the market, Cargo Handlers rose $1.28 to end at $13.58 while exchanging ten stocks. Dolla Financial dipped 15 cents in closing at $3.20 as investors exchanged 2,284,205 stock units, EduFocal rallied 18 cents to $2.79 in an exchange of 601,368 stocks, Future Energy Source increased 10 cents to close at $5.15 with a transfer of 232,813 units. Honey Bun advanced 26 cents in closing at $7.31 after trading 13,661 stock units, Indies Pharma dipped 11 cents to $2.87 with investors transferring 30,246 shares, Jamaican Teas climbed 12 cents to end at $2.93 after trading 2,017,419 shares. Knutsford Express gained $1.15 to end at $9.30 with an exchange of 1,552 stocks, Lasco Manufacturing climbed 20 cents to $4.28 after 9,801 stock units changed hands, Lumber Depot lost 20 cents in closing at $2.68, with 51,429 units crossing the exchange. Main Event rose 55 cents to $9.05 after an exchange of 78,518 shares, Medical Disposables increased 80 cents to close at $6, with 100,000 stocks clearing the market, ONE on ONE Educational popped 14 cents to $1.64, with 1,735,161 stock units changing hands. Paramount Trading rallied 15 cents to $2 in an exchange of 18,180 units and Stationery and Office Supplies gained 60 cents to end at $16.60 after exchanging 49,249 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for October 2022
Trading dipped on the JSE USD Market
Trading activity dipped on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks exchanged declining 35 percent, valued 178 percent more than on Tuesday, and resulting in the trading of seven securities, down from 10 on Tuesday, with prices of two rising, four declining and one ending unchanged.
Investors exchanged a total of 38,341 shares for US$7,793, down from 58,570 units at US$2,806 on Tuesday.
Trading averaged 5,477 units at US$1,113 versus 5,857 shares at US$281 on Tuesday, with the month to date averaging 35,209 shares at US$2,299 versus 36,695 units at US$2,358 on the previous day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 0.31 points to end at 208.84.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, Proven Investments dipped 0.3 of a cent to 19 US cents after trading 25,134 shares, Sygnus Credit Investments J$ share remained at 15.63 US cents, with an exchange of 402 stock units, Sygnus Credit Investments USD share shed 0.88 of one cent to close at 9.11 US cents with the swapping of 11,759 stocks and Transjamaican Highway popped 0.05 of a cent in ending at 0.9 of one US cent, with eight units crossing the market.
In the preference segment, Equityline Mortgage Investment preference share fell 5 cents to end at US$1.70 with a transfer of 57 stocks, JMMB Group 5.75% declined 9 cents to close at US$1.75 while exchanging 914 shares and JMMB Group 6% climbed 11 cents in ending at US$1.09 after exchanging 67 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed JSE trading on Wednesday
Trading was mixed on the Jamaica Stock Exchange on Wednesday, with the Junior Market rising but the Main Market and the USD market slipped, leading to the JSE Combined Index, a measure of the overall market adding just 59.17 points to close at 365,612.13.
The All Jamaican Composite Index popped 1,114.65 points to 402,126.05, the JSE Main Index rose 386.11 points to 351,278.97, the Junior Market Index jumped 46.29 points to 4,132.18 and the JSE USD market Index slipped 0.31 points to close at 208.84.
Trading ended, with 32,095,717 shares changing hands, for $110.3 million, up from $98.88 million, with 18,213,479 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$7,793 from US$2,806 on Tuesday.
The market’s PE ratio ended at 23.9 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. 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.
TTSE ekes out gains on Wednesday
Rising stocks edged out decliners on the Trinidad and Tobago Stock Exchange on Wednesday, with a fall in the volume and value of stocks traded declined 56 percent and 66 percent less than on Tuesday resulting in 16 securities traded compared with 23 on Tuesday, with four rising, three declining and nine remaining unchanged.
A total of 587,943 shares were exchanged for $5,371,639 down from 1,340,990 shares at $15,619,117 on Tuesday.
An average of 36,746 shares were traded at $335,727 versus 58,304 shares at $679,092 on Tuesday, with trading month to date averaging 29,607 shares at $332,830, up from 29,208 units at $332,668 on the previous day. Trading in September averaged 45,817 shares at $463,533.
The Composite Index rallied 2.06 points to 1,323.51, the All T&T Index popped 2.53 points to 1,974.75 and the Cross-Listed Index popped 0.22 points to settle at 87.72.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Clico Investment Fund popped 5 cents to $30 with the swapping of 49,524 shares, First Citizens Group rose 5 cents to end at $50.05 while exchanging 4,231 units, FirstCaribbean International Bank remained at $5 after dealings in 10,549 stock units. GraceKennedy ended at $5.20 as investors exchanged 115,773 stocks, Guardian Holdings dropped 4 cents to $25.06 after 11,851 stocks changed hands, JMMB Group climbed 20 cents to $2.10, with 927 units crossing the market. Massy Holdings remained at $4.51 with an exchange of 160,087 shares, National Enterprises ended at $3.26 after a transfer of 9,442 stock units, NCB Financial ended at $4.80 with investors transferring 41,904 units. Prestige Holdings rallied 5 cents to $6.65, with 5,000 stock units crossing the market, Republic Financial fell $4 to $135, with 565 stocks changing hands, Scotiabank ended at $77.89 in exchanging 6,420 shares. Trinidad & Tobago NGL shed 34 cents to close at $21.75, with 25,383 units clearing the market, Trinidad Cement remained at $3.50 in trading 141,465 stock units, Unilever Caribbean ended at $12.80 as 320 stocks passed through the market and West Indian Tobacco closed at $22 after exchanging 4,502 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market slips on Tuesday
Trading on the US dollar market of the Jamaica Stock Exchange ended on Tuesday, with the volume of stocks exchanged declining 89 percent and the value dropping 64 percent from trading on Monday, resulting in 10 securities traded, compared to 11 on Monday with two rising, five declining and three ending unchanged.
Investors traded 58,570 shares for US$2,801 compared to 524,695 units at US$7,860 on Monday.
Trading averaged 5,857 units at US$281 versus 47,700 shares at US$715 on Monday, with month to date average of 36,695 shares at US$2,360 versus 39,067 units at US$2,518 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index lost 3.36 points to end at 209.15.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 ending with bids higher than the last selling prices and none with lower offers.
At the close, First Rock Real Estate USD share shed 0.3 of a cent to end at 7.2 US cents after an exchange of 741 shares, Margaritaville ended at 14.98 US cents, with 305 units crossing the market, MPC Caribbean Clean Energy fell 25 cents to 75 US cents as 606 stocks passed through the market. Proven Investments lost 0.69 cents in closing at 19.3 US cents trading 2,553 stock units, Sterling Investments declined 0.19 cents to end at 2 US cents, with 2,400 stocks crossing the market, Sygnus Credit Investments USD share remained at 9.99 US cents after exchanging 5,449 stock units. Sygnus Real Estate Finance USD share dropped 1.53 cents to end at 10.1 US cents, with 67 units crossing the exchange and Transjamaican Highway gained 0.05 of a cent to end at 0.85 of one US cent and closed, with 45,934 shares changing hands.
In the preference segment, Productive Business 9.25% preference share increased by 5 cents to close at a record high of US$11.15 with a transfer of 25 units and JMMB Group 6% remained at 98 US cents with dealings in 490 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE markets mostly up
Markets mostly inched higher at the close of trading on Tuesday following more funds passing through the market and leading to the JSE Combined Index, a measure of the overall market popping 321.44 points to close at 365,552.96.
The All Jamaican Composite Index dipped 350.35 points to 401,011.40, the JSE Main Index rose 239.71 points to 351,665.08, the Junior Market Index rose 10.75 points to 4,085.89 and the JSE USD market Index dipped 3.36 points to close at 209.15.
Trading ended, with 18,213,479 shares changing hands, for $98.88 million, up from $80.8 million, with 17,669,717 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$2,806 from US$7,860 on Monday.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 12.6 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.
Widespread declines on TTSE
Falling stocks dominated trading activity on the Trinidad and Tobago Stock Exchange on Tuesday, following investors dealing in 23 securities up from 19 on Friday, following the market’s closing on Monday, with the observance of a public holiday. At the close, two stocks rose, ten declined and 11 remained unchanged, flowing from a 13 percent fall in the volume of stocks traded, with a 71 percent higher value than on Friday.
A total of 1,340,990 shares were exchanged for $15,619,117 versus 1,540,645 units at $9,131,764 on Friday.
An average of 58,304 units were traded at $679,092 compared with 81,087 shares at $480,619 on Friday, with trading month to date averaging 29,208 shares at $332,668 versus 26,663 units at $302,372 on the previous day. The average trade for September amounts to 45,817 at $463,533
The Composite Index dipped 12.83 points to 1,321.45, the All T&T Index dropped 20.52 points to 1,972.22 and the Cross-Listed Index shed 0.64 points to settle at 87.50.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s fell 7 cents to end at $42.01 with investors transferring 140 shares, Angostura Holdings dipped 5 cents to $24.95 in switching ownership of 138 stock units, Ansa McAl lost $2.65 in closing at $53.80 after an exchange of 2,018 stocks. Ansa Merchant Bank ended at $42.20 after a transfer of 250 units, Calypso Macro Investment Fund remained at $22, with 678 shares changing hands, CinemaOne remained at $5.98 in trading 165 units. Clico Investment Fund advanced 45 cents to close at $29.95, with 50,365 stock units crossing the exchange, First Citizens Group dropped 5 cents to $50 as investors exchanged 112,461 stocks, FirstCaribbean International Bank shed 1 cent to close at $5 after trading 7,520 stock units. GraceKennedy ended at $5.20 after investors ended dealings in 55,489 shares, Guardian Holdings ended at $25.10 after 18,843 stocks passed through the market, Guardian Media remained at $3.04 after trades in 30 units. JMMB Group declined 12 cents to $1.90, with 80,000 units crossing the market, Massy Holdings rallied 1 cent to $4.51 in an exchange of 909,811 stocks, National Enterprises dropped 1 cent to $3.26, with 5,030 shares clearing the market. One Caribbean Media declined 10 cents to end at a 52 weeks’ low of $3.80 with an exchange of 25,500 stock units, Prestige Holdings lost 5 cents to close at $6.60 after trading 195 shares, Republic Financial Holdings ended at $139 with the swapping of 2,568 stocks. Scotiabank remained at $77.89 while exchanging 6,758 stock units, Trinidad & Tobago NGL remained at $22.09 with a transfer of 25,568 units, Trinidad Cement ended at $3.50 in exchanging 2,356 units. Unilever Caribbean shed 5 cents to close at $12.80 with 314 stocks crossing the market and West Indian Tobacco ended at $22 in exchanging 4,793 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.