It was a bumper day on the Junior Market of the Jamaica Stock Exchange on Friday, with the volume of stocks traded surging 397 percent and the value jumped 356 percent more than on Thursday with 46 securities up from 42 on Thursday and ended with prices of 16 rising, 22 declining and eight closing unchanged.
A total of 36,083,718 shares were traded for $101,351,606 versus 7,255,920 units at $22,249,838 on Thursday.
Trading average of 784,429 shares at $2,203,296 compared to 172,760 units at $529,758 on Thursday with the month to date, averaging 338,982 stocks at $938,780 compared to 308,490 stock units at $852,221 on the previous day. November closed with an average of 259,893 units at $711,335.
Fosrich led trading with 18.46 million shares for 51.2 percent of total volume, followed by JFP Ltd with 11.44 million units for 31.7 percent of the day’s trade, Regency Petroleum with 1.79 million units for 5 percent of trading and Lumber Depot with 1.23 million units for 3.4 percent market share.
At the close, the Junior Market Index slipped 9.81 points to settle at 3,908.35.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year endings that falls between November this year and August 2023.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging dipped 53 cents in closing at $2.96, with 117 shares crossing the market, Blue Power dipped 18 cents to $2.98, with 11,942 units changing hands, Caribbean Assurance Brokers shed 20 cents to $1.98 after 2,460 stock units were traded. Caribbean Cream popped 15 cents in ending at $3.35 while exchanging 383 stocks, Consolidated Bakeries fell 14 cents to end at $1.70, with 15,090 stocks clearing the market, Derrimon Trading shed 14 cents to close at $2.11 trading 106,868 shares. Dolphin Cove gained 68 cents to $14.78 in exchanging 3,056 units, Fontana rose 10 cents to end at $9.09 with investors transferring 8,975 stock units, Fosrich lost 10 cents in closing at $3.90 with 18,458,647 stock units changing hands. Future Energy Source dipped 17 cents to $5.07 after a transfer of 177,671 units, General Accident increased 30 cents to $5 in switching ownership of 21,331 stocks, GWest Corporation dropped 13 cents in closing at $1.02 with the swapping of 1,824 shares. Indies Pharma lost 20 cents at $2.60 with a transfer of 1,761 stocks, Iron Rock Insurance advanced 46 cents to end at $2.35 with an exchange of one unit, JFP Ltd rallied 10 cents to close at $1.55 after an exchange of 11,438,854 stock units. Lumber Depot climbed 15 cents in ending at $2.45 after trading 1,231,390 shares, Paramount Trading rallied 36 cents in closing at $1.89 after exchanging 4,000 stock units, Stationery and Office Supplies jumped $1.77 to $14.97, with 603 shares crossing the market and Tropical Battery fell 23 cents to end at $2.15 after 296,469 stock passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for December 2022
JSE Main Market bounce, Juniors fall
The JSE Main Market and the US dollar market bounced on Friday ahead of the Christmas holidays and before the market reopens next week Wednesday, but the Junior Market slipped moderately to close off the week slightly higher than the previous week, as the volume of stocks trading in the Junior Market surged well above the 7.3 million shares that were traded on Thursday, with just over 36 million units changing hands on Friday.
Trading ended with an exchange of 57,304,112 shares compared with 14,915,848 units on Thursday, with the value dropping to $258.7 million from $134.4 million on the previous day.
The JSE USD market ended with the value of stocks traded amounting to just US$699, down from US$24,703 on Friday.
At the close, the Combined Market Index climbed 2,679.19 points to close at 357,675.83, the All Jamaican Composite Index surged 3,483.04 points to 384,467.83, the JSE Main Index jumped 2,968.48 points to end at 344,963.23, the Junior Market slipped 9.80 points to settle at 3,908.35 and the JSE US dollar market rose 2.02 points to 252.58.
The market’s PE ratio ended at 22.5 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 dives sharply on TTSE
Trading activity dived on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 74 percent compared to Thursday with a 67 percent fall in value, resulting in 16 securities trading down from 19 on Thursday, with prices of two rising, four declining and ten remaining unchanged.
Investors exchanged only 262,773 shares for $4,642,672 compared to 1,002,558 stocks at $14,185,030 on Thursday.
An average of 16,423 units were traded at $290,212 compared with 52,766 shares at $746,581 on Thursday, with trading month to date averaging 44,559 shares at $470,237 versus 46,059 units at $479,839 on the previous day. Trading in November averaged 51,348 at $461,794.
The Composite Index fell 0.95 points to 1,330.79, the All T&T Index shed 3.42 points to 2,001.13 and the Cross-Listed Index rallied 0.24 points to settle at 85.87.
Investor’s Choice bid-offer indicator shows four stocks ended with a bid higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $50, with 8,238 shares crossing the market, Angostura Holdings remained at $24 after 82 units changed hands, Ansa McAl ended at $51.50 with a transfer of 25 stocks. CinemaOne remained at $7.25 after exchanging 100 stock units, Clico Investment Fund fell 94 cents after ending at $27.56 in exchanging 85,979 units, First Citizens Group ended at $52 after a transfer of 200 stock units. Guardian Holdings ended at $27.01 with the swapping of 26,035 stocks, JMMB Group rallied 4 cents to $1.95 with investors transferring 50 shares, L.J. Williams B share remained at $2.75 trading 150 units. Massy Holdings ended at $4.50 in an exchange of 101,807 shares, National Flour Mills popped 10 cents to end at $1.60 in trading 10,000 stock units, NCB Financial ended at $4.56 with an exchange of 856 stocks. Prestige Holdings declined 5 cents in closing at $6.60, with 423 units changing hands, Republic Financial dropped $2.60 to close at $136.40 after 238 stocks passed through the market, Scotiabank ended at $78.19 with an exchange of 416 stock units and Trinidad & Tobago NGL lost $1.30 in closing at $22.20 after switching ownership of 28,174 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market jumps
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 11 percent and the value jumping 92 percent and resulting in 11 securities traded, compared to seven on Wednesday with one rising, four declining and six ending unchanged.
A total of 73,385 shares were traded for US$24,703 up from 65,972 units at US$12,493 on Wednesday.
Trading averaged 6,671 shares at US$2,246, compared with 9,425 shares at US$1,785 on Wednesday, with a month to date average of 33,168 units at US$1,381 versus 35,867 units at US$1,293 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index gained 6.41 points to end at 250.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 price and one ended with a lower offer.
At the close, First Rock Real Estate USD share remained at 7.5 US cents in trading 2,717 shares, MPC Caribbean Clean Energy ended at 70 US cents while exchanging 100 stock units, Productive Business Solutions gained 19.29 cents to US$2.1214 after 325 stocks passed through the market. Proven Investments fell 0.5 of a cent in closing at 18.5 US cents with an exchange of 59,239 units, Sygnus Credit Investments USD share shed 0.3 of a cent after ending at 9.6 US cents trading 2,160 units, Sygnus Real Estate Finance USD share declined 1.54 cents to end at 11 US cents in exchanging one stock unit and Transjamaican Highway dipped 0.08 of a cent to close at 0.92 of a US cent after a transfer of 1,199 units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 in an exchange of one share, JMMB Group 5.5% remained at US$2 as investors exchanged 729 stocks. JMMB Group 5.75% ended at US$2 with investors transferring 3,838 units and JMMB Group 6% closed at US$1.07, with 3,076 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE markets rise as Jamaica stocks lost value
The JSE US dollar market jumped sharply for a second day on Thursday following Wednesday’s big jump and the Junior Market rallied further following Wednesday’s big recovery but Main Market closed higher in the fading seconds of trading after it was in decline for most of the day’s session, Jamaica stocks suffered losses as shown by a declining index.
Trading ended with an exchange of 14,915,848 shares up from 125,922,690 units on Wednesday, with the value dropping to $134.4 million from $948.7 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$24,703 up from US$12,842 on Thursday.
At the close, the Combined Market Index climbed 1,721.80 points to 354,996.64, the All Jamaican Composite Index fell 1,195.13 points to 380,984.79, the JSE Main Index rose 1,526.78 points to 341,994.74, the Junior Market Index rallied 32.42 points to settle at 3,918.16 and the JSE US dollar market popped 6.41 points to 250.56.
The market’s PE ratio ended at 22.5 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.
Another day of rising prices on TTSE
Rising stocks were the dominant feature of market activity on the Trinidad and Tobago Stock Exchange on Thursday as the volume of stocks traded slipped 4 percent with a 41 percent more value than on Wednesday resulting in 19 securities trading compared with 18 on Wednesday, with prices of eight rising, three declining and eight remaining unchanged.
Investors traded 1,002,558 shares for $14,185,030 versus 1,043,504 stock units at $10,036,140 on Wednesday.
An average of 52,766 shares were traded at $746,581 compared with 57,972 units at $557,563 on Wednesday. Trading month to date averaged 6,059 shares at $479,839 versus 45,606 units at $461,803 on the previous day. November closed with an average trade of 51,348 at $461,794.
The Composite Index added 2.25 points to close at 1,331.74, the All T&T Index popped 5.23 points to 2,004.55 and the Cross-Listed Index dipped 0.13 points to settle at 85.63.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $24 after switching ownership of 25,000 shares, Ansa McAl advanced 10 cents to $51.50, with 16,985 stocks crossing the exchange, Ansa Merchant Bank gained $2.50 to end at $45 in trading 4,406 stock units. CinemaOne popped 50 cents in closing at a 52 weeks’ high of $7.25, with 70 units crossing the market, Clico Investment Fund rose $1.70 in ending at $28.50 as investors exchanged 194,415 stocks, First Citizens Group increased $1 to end at $52 in exchanging 1,036 stock units. GraceKennedy ended at $4.50 and finished with just three shares changing hands, Guardian Holdings popped 2 cents to $27.01 after a transfer of 45,191 shares, JMMB Group dipped 4 cents to $1.91 after 35,534 shares changed hands. Massy Holdings remained at $4.50 with investors trading 188,287 stock units, National Enterprises declined 13 cents to $3.27 as 200,047 units passed through the market, NCB Financial ended at $4.56 with a transfer of 4,053 stocks. Point Lisas remained at $3.50 in an exchange of 21 shares, Republic Financial shed $1 in ending at $139 while exchanging 100 stocks, Scotiabank rallied 29 cents to end at $78.19 after trading 21,408 stock units. Trinidad & Tobago NGL rose $1.17 to $23.50, with 59,654 units clearing the market, Trinidad Cement ended at $3.90 and closed, with 175,911 stock units passing through the market, Unilever Caribbean remained at $12.89 in an exchange of 7,737 shares and West Indian Tobacco ended at $22 after trading 22,700 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market index jumps but..
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 96 percent, valued 26 percent less than on Tuesday, resulting from trading in seven securities, similar to trading on Tuesday with two rising, three declining and two ending unchanged.
A total of 65,972 shares were traded for US$12,493 compared with 1,534,710 units at US$17,244 on Tuesday.
Trading averaged 9,425 units at US$1,785 versus 219,244 shares at US$2,463 on Tuesday, with month to date average of 35,867 shares at US$1,293 compared with 37,699 units at US$1,259 on the previous day. November ended with an average of 33,854 units for US$3,351.
The JSE US Denominated Equities Index jumped 8.46 points to end at 244.15.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. 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 stock ended with a bid higher than the last selling prices and four with lower offers.
At the close, First Rock Real Estate USD share rose 0.32 of a cent to 7.5 US cents as investors traded 6,000 shares, Productive Business Solutions dipped 2.65 cents in closing at US$1.9285 after an exchange of 500 units, Proven Investments declined 0.85 of a cent to end at 19 US cents in switching ownership of 25,098 stock units and Sygnus Credit Investments USD share shed 0.1 of a cent to end at 9.9 US cents in an exchange of 31,326 stocks.
In the preference segment, JMMB Group 5.5% ended at US$2 after trading 24 units, JMMB Group 5.75% remained at US$2 as 24 stocks passed through the market and JMMB Group 6% rallied 0.01 of a cent in closing at US$1.07 after a transfer of 3,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.