The main market of the Jamaica Stock Exchange declined in trading on Thursday, but the Junior Market squeezed out a modest gain while JSE USD Market added the slimmest of gains at the close of the day, with investors exchanging fewer shares at a lower cost than on Tuesday.
Overall, 15,988,105 shares were exchanged in all three markets, down from 28,282,193 units on Tuesday, with a value of $154.79 million, down from $322.5 million previously. Trading on the JSE USD market resulted in investors exchanging shares for US$1,416 compared to US$16,273 on Tuesday.
The JSE Combined Market Index dropped 1,135.74 points to end at 344,255.51, the All Jamaican Composite Index shed 1,325.39 points to end at 374,080.89, the JSE Main Index slipped 1,395.74 points to 331,031.68, the Junior Market slipped 17.71 points to close at 3,861.89 and the JSE USD Market Index popped 0.11 points to end at 249.36
The market’s PE ratio ended at 19.8 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.
Investors exchanged 73,286 shares for $718,570, down from a depressed 120,475 stock units at $2,896,613 on Wednesday.
At the close, Agostini’s remained at $58.01 with just three shares clearing the market, Angostura Holdings climbed 22 cents to $23.74 with an exchange of 2,236 units, Ansa Merchant Bank ended at $45, with 250 stocks changing hands. Calypso Macro Investment Fund shed $1 to close at $20.50 after trading 440 stock units, First Citizens Group fell 55 cents to $50.10 with a transfer of 205 stocks, FirstCaribbean International Bank ended at $6.55 in an exchange of 2,692 units. GraceKennedy ended at $4.45 after 1,210 shares passed through the market, Guardian Holdings remained at $26 after finishing trading of 2,027 stocks, JMMB Group dipped 1 cent to close at $1.89, with an exchange of 59 shares. L.J. Williams B share rallied 2 cents to $2.72 in exchanging 1,005 stocks, Massy Holdings ended at $4.65 after a transfer of 50,054 units, 
National Enterprises ended at $3.89 after 500 stock units crossed the market. National Flour Mills slipped 3 cents to $1.50 as 1,841 stock units passed through the market, NCB Financial lost 8 cents in closing at $4.11 as investors exchanged 5,300 units, Prestige Holdings dipped 2 cents to close at $6.98 while exchanging 2,796 shares. Republic Financial gained 50 cents to close at $138.50 after 1,645 stocks changed hands, Scotiabank shed 20 cents in ending at $78 with the swapping of 570 stock units, Trinidad & Tobago NGL dipped 5 cents to end at $21 with investors transferring 250 units. Unilever Caribbean remained at $13.90 in switching ownership of 3 shares and West Indian Tobacco ended at $19.90 after exchanging 200 stocks.
Investors traded 120,475 shares for $2,896,613 versus 1,959,830 stock units at $10,047,105 on Friday. An average of 6,693 units were traded at $160,923 against 97,992 shares at $502,355 on Friday. Trading month to date averages 57,462 shares at $518,933, down from 61,133 units at $544,813 on the previous day. The average trade for January amounts to 28,440 at $235,404.
At the close, Agostini’s ended at $58.01 after 2,981 shares were traded, Angostura Holdings ended at $23.52 while exchanging 39,479 units, Ansa McAl rose 98 cents to $50 after trading 24 stocks. Ansa Merchant Bank ended at $45 in an exchange of 35 stock units, Calypso Macro Investment Fund rallied $1 in closing at $21.50 with the swapping of 54 units, First Citizens Group popped 55 cents to $50.65 in trading 5,917 stock units. FirstCaribbean International Bank gained 1 cent to close at $6.55 after an exchange of 9,304 stocks, GraceKennedy remained at $4.45 with 2,719 shares clearing the market, Guardian Holdings climbed 94 cents to $26 after an exchange of 249 stock units. L.J. Williams B share dipped 5 cents to $2.70, with 23,535 stocks crossing the market, Massy Holdings shed 5 cents in closing at $4.65 after 1,760 shares passed through the market, National Enterprises declined 1 cent to end at $3.89 with investors transferring 5,000 units. 
Republic Financial rallied $1 to $138, with 6,067 units crossing the exchange, Scotiabank increased 20 cents to $78.2 in switching ownership of 814 stocks, Trinidad & Tobago NGL popped 5 cents to $21.05 as investors exchanged 16,412 shares. Trinidad Cement increased 9 cents to $3.59 after a transfer of 920 stock units, Unilever Caribbean remained at $13.90 after investors exchanged 4,400 shares and West Indian Tobacco rose 35 cents to $19.90 in trading 805 stocks.
Investors traded 20,246,503 shares for $297,780,461 up from 14,762,179 units at $69,659,072 on Monday.
the JSE Main Index dropped 105.61 points to settle at 332,427.42 and the JSE Financial Index lost 0.06 points to close at 79.33.
Jamaica Producers gained $1.65 in ending at $21.85 with the swapping of 14,000 stock units, Kingston Wharves rose $1.49 to close at $31.99 with seven shares changing hands. Mayberry Jamaican Equities fell 79 cents to end at $11.21 in switching ownership of 4,264 stocks, NCB Financial dipped 49 cents to close at $77.50 with the exchange of 15,205 units, Palace Amusement lost $1 in closing at $2,699 with a transfer of 439 stocks. Portland JSX rose 90 cents to $10.90 after an exchange of 17,347 shares, Proven Investments declined $1.22 in closing at $28 as investors traded 14,642 units, Sagicor Group shed 50 cents to $52.50, with 14,971 stock units crossing the market. Scotia Group advanced $1.75 to $34 with an exchange of 307,103 stocks, Sterling Investments popped 44 cents to close at $2.90 after trading 79,998 shares, Supreme Ventures gained 80 cents to finish at $26 after 32,071 units passed through the market and Wisynco Group popped 89 cents to end at $17.50 as investors exchanged 2,495,740 stock units.
In the preference segment, Productive Business 10.50% preference share climbed $50 in ending at $1,200 after a transfer of 240 stock units, Jamaica Public Service 7% advanced $2 to close at a 52 weeks’ high of $12 with 2,000 stocks changing hands and 138 Student Living preference share rallied $6 to $76 in an exchange of 33 units.
Investors traded 106,437 shares for US$16,273 compared to 175,300 units at US$6,059 on Monday.
Proven Investments rose 0.38 of a cent to 18.9 US cents after an exchange of 79,269 stocks, Sygnus Credit Investments USD share ended at 10 US cents, with 9,730 stocks changing hands and Transjamaican Highway popped 0.01 of a cent in ending at 0.95 of one US cent in trading 14,055 units.
A total of 7,929,253 shares were traded for $24,724,504 compared to 6,142,842 units at $16,297,687 on Monday.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks are computed using the last traded price and ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Dolphin Cove rallied 13 cents to $14.58 as investors exchanged 2,297 shares, EduFocal dropped 33 cents to $1.87 with 226,226 stocks clearing the market. Elite Diagnostic rose 30 cents to $3.10 in switching ownership of 1,000 stock units, Express Catering lost 8 cents after ending at $5 with 5,500 units changing hands, Fosrich fell 28 cents to close at $3.06 with 1,343,496 shares crossing the market. iCreate dipped 10 cents to end at $1.80 with investors transferring 103,487 stocks, Image Plus Consultants lost 8 cents to finish at $1.90 in exchanging 1,360,944 stock units, Limners and Bards advanced 30 cents to $2.70 in trading 152,493 units. Lumber Depot fell 20 cents in closing at $2.12 in an exchange of 24,150 stocks and 
Main Event climbed $1.35 to $10.55 with a transfer of 612,570 shares.
Overall, 28,282,193 shares were exchanged in all three markets, from 21,080,321 units on Monday, valued at $322.5 million, slightly up on the $85.96 million previously. Trading on the JSE USD market resulted in investors exchanging shares for US$16,273 compared to US$6,059 on Monday.
The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 companies, owned by Ricardo Allen and John Bailey, respectively, bring their ownership in the 2022 listed Junior Market company to just under 24 percent and under 9 percent, respectively, in a move that is a vote of confidence in the future growth of the company.
A total of 6,142,842 shares were exchanged for $16,297,687, down from 10,473,528 units at $25,758,434 on Friday.
The PE Ratio, a measure of computing appropriate stock values, averages 12. The PE ratios of Junior Market stocks are calculated using the last traded prices in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Elite Diagnostic shed 30 cents to end at $2.80 with a transfer of 6,682 shares, Fosrich popped 13 cents to settle at $3.34 after 640,039 stocks were traded, Future Energy Source gained 9 cents to close at $4.69 after an exchange of 383,036 shares. General Accident rallied 25 cents to end at $4.95 after 34,920 stocks crossed the market. Indies Pharma lost 21 cents to finish at $2.58 with 108,294 stock units changing hands, Iron Rock Insurance gained 27 cents in closing at $2.30 with investors transferring 83,263 units. Lasco Manufacturing advanced 10 cents in ending at $4.10 after 11,665 units were traded, Limners and Bards declined 28 cents to close at $2.40 after 293,713 stocks passed through the market, Main Event dropped $1.20 to end at $9.20 while exchanging 330 shares. Medical Disposables popped 35 cents to close at $5.15 in switching ownership of 851 stock units, 
Spur Tree Spices declined 15 cents in closing at $2.74 in transferring 54,347 units, Stationery and Office Supplies gained 15 cents after ending at $15 with the swapping of 4,345 stocks and Tropical Battery shed 20 cents to settle at $2.20 with an exchange of 542,594 stock units.
A total of 14,762,179 shares were traded for $69,659,072 compared to 6,585,063 units at $45,380,317 on Friday.
The All Jamaican Composite Index climbed 2,961.53 points to 375,485.96, the JSE Main Index rallied 2,287.99 points to 332,533.03 and the JSE Financial Index gained 1.18 points to close at 79.39.
Kingston Wharves shed $1.47 to end at $30.50 after investors transferred 35,439 stock units. Margaritaville dropped $3.70 in closing at $19.20 with 244 stocks changing hands, MPC Caribbean Clean Energy dipped $2 to $62 after swapping 1,611 shares, Portland JSX advanced 89 cents to $10 with a transfer of 10 stock units. Sagicor Group rallied $1.50 to $53 with the swapping of 51,666 shares, Salada Foods fell 38 cents to close at a multiyear low of $3.51 after an exchange of 2,875 shares. Scotia Group lost 70 cents to settle at $32.25 after 336,678 stocks passed through the market, Seprod popped 50 cents to $66 after an exchange of 8,856 units, Sterling Investments lost 44 cents to settle at $2.46 in switching ownership of 90,858 units and Wisynco Group shed 63 cents to close at $16.61 with 605,928 stock units clearing the market.
Jamaica Public Service 7% rose $1.50 to end at a 52 weeks’ high of $10 with 4,442 shares changing hands, 138 Student Living preference share declined $7.99 to close at $70 after trading 303 shares and Productive Business Solutions 9.75% preference share gained $1 to finish at $107 after investors exchanged 86 stocks.
