Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday with the volume of stocks traded rising 28 percent and the value 50 percent more than on Wednesday from trading in 43 securities compared with 47 on Wednesday and ended with 20 rising, 15 declining and 8 closing unchanged.
A total of 9,243,451 shares were exchanged for $25,870,454 compared with 7,248,801 units at $17,264,479 on Wednesday.
Trading averaged 214,964 shares at $601,638 compared to 154,230 units at $367,329 on Wednesday with the month to date averaging 183,247 units at $479,277. February closed with an average of 318,024 units at $782,332.
Derrimon Trading led trading with 2.94 million shares for 31.8 percent of total volume followed by Regency Petroleum with 873,522 units for 9.5 percent of the day’s trade and Spur Tree Spices with 848,566 units for 9.2 percent market share.
At the close, the Junior Market Index dropped 13.80 points to settle at 3,876.80.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. 
The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial declined $3.83 to close at $21.76 in an exchange of 28 shares, Cargo Handlers fell $2 to end at $13 after trading 248,397 stock units, Caribbean Cream dipped 19 cents to $3.30 with a transfer of 2,000 stocks. Dolphin Cove gained 47 cents in closing at $14.98 with the swapping of 1,480 units, Express Catering rallied 17 cents to $5.50 as investors exchanged 23,487 stocks, 
Future Energy Source fell 15 cents to end at $4.60 in switching ownership of 553,438 shares. Honey Bun lost 11 cents to end at $7.29 with the swapping of 4,888 units, Iron Rock Insurance rose 30 cents to $2.30 with 5 stock units changing hands, JFP Ltd lost 10 cents to close at $1.60 trading 645,983 stock units. Lasco Distributors gained 9 cents in closing at $2.79 with a transfer of 1,200 shares, Lumber Depot popped 18 cents to end at $2.43 after 79,209 units passed through the market, MFS Capital Partners dipped 31 cents to $3.50 in switching ownership of 544,484 stocks. Paramount Trading advanced 14 cents to $2.19 in transferring 2,009 units, 
Stationery and Office Supplies gained 20 cents to close at $13.98 with an exchange of 13,011 stocks and tTech rose 10 cents to $2.65 after 5 shares cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for March 2023
All JSE markets fall on Thursday
All three markets of the Jamaica Stock Exchange closed lower Thursday with trading picking up well over that on Wednesday with trading resulting in an exchange of 20,802,746 shares in all three markets, up from 12,685,338 units, with a value of $156 million, up from $54.89 million previously traded.
The JSE USD market closed with an exchange of US$40,981 for shares traded compared with US$44,807 on Wednesday.
The JSE Combined Market Index fell 1,416.76 points to 348,871.69, the All Jamaican Composite Index declined 1,813.15 points to end at 380,265.75, the JSE Main Index lost 1,383.23 points to end at 335,838.19, the Junior Market dropped 13.80 points to settle at 3,876.80 and the JSE USD Market Index dipped 1.45 points to end at 231.11.
The market’s PE ratio ended at 19.8 based on 2021-22 earnings and 13 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 decisions when 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 also show the closing volume pertaining to the bids and offers for each company.
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 Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 56 percent with the value being 54 percent lower than on Wednesday and ended with trading in 17 securities compared with 24 on Wednesday, with four stocks rising, three declining and 10 remaining unchanged.
Investors traded 617,050 shares for $3,522,623 down from 1,394,876 stock units at $7,662,436 on Wednesday.
An average of 36,297 units were traded at $207,213 from 58,120 shares at $319,268 on Wednesday, with trading month to date averaging 49,071 shares at $272,806. The average trade for February ended at 51,996 shares for $458,520.
The Composite Index dipped 2.27 points to 1,323.21, the All T&T Index popped 0.07 points to 1,996.36, the SME Index remained at 61.52 and the Cross-Listed Index dipped 0.67 points to end at 84.39.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s fell 75 cents to end at $59 after 3,220 shares changed hands, Angostura Holdings increased 50 cents to $24 with an exchange of 189 stock units, Ansa Merchant Bank ended at $45 in exchange of 97 stocks. First Citizens Group remained at $50.50 with trading in 3,146 units, FirstCaribbean International Bank ended at $6.30 in switching ownership of 1,543 stocks, GraceKennedy shed 19 cents to close at $4.25 as 3,590 shares passed through the market. JMMB Group remained at $1.75 in trading 17,500 stock units, L.J. Williams B share ended at $2.75, with 10 units changing hands, 
Massy Holdings lost 4 cents in closing at $4.60 with an exchange of 90,993 stock units. National Enterprises gained 15 cents to end at $3.75, with 381,240 stocks crossing the market, National Flour Mills remained at $1.50 after investors exchanged 4,789 shares, Point Lisas ended at $3.60 after trading 500 units. Prestige Holdings rallied 10 cents to $7.10 with a transfer of 99,941 stock units, Republic Financial remained at $138 with investors transferring 2,566 shares, Scotiabank closed at $78.10 with the swapping of 733 stocks. Trinidad & Tobago NGL popped 15 cents to $21 after a transfer of 779 units and West Indian Tobacco ended at $19 as investors exchanged 6,214 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
March beckons JSE Main Market with a rally
March started off on a positive note for the Jamaica Stock Exchange Main Market with gains in the market indices after an exchange of 60 securities compared to 61 on Tuesday, with 22 rising, 26 declining and 12 unchanged on Wednesday, with a 66 percent decline in the volume of stocks traded and the value 58 percent lower than on Tuesday.
A total of 5,390,205 shares were traded for $37,625,972 down from 15,655,244 units at $89,795,027 on Tuesday.
Trading averaged 89,837 units at $627,100 versus 256,643 shares at $1,472,050 on Tuesday. Trading in February averaged 183,599 shares at $2,160,070.
Wigton Windfarm led trading with 1.84 million shares for 34.0 percent of total volume Transjamaican Highway followed with 977,873 units for 18.1 percent of the day’s trade and Radio Jamaica with 534,970 units for 9.9 percent market share.
The All Jamaican Composite Index climbed 3,384.45 points to 382,078.90, the JSE Main Index rallied 2,579.19 points to 337,221.42 and the JSE Financial Index advanced 0.66 points to settle at 79.57.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. 
The JSE Main and USD Market PE ratios combine the last traded price and earnings per share forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $1 in closing at $81 after hitting an intraday 52 weeks’ low of $80.01with an exchange of 74,498 shares, Berger Paints shed 68 cents to end at $8.27 in transferring 10,616 stock units, Caribbean Cement dipped $2 to close at $60 trading 99,488 units. Caribbean Producers gained 51 cents to end at $11 with 94,255 stocks changing hands, Eppley fell $2 to $38 after 5,255 stocks passed through the market, GraceKennedy rose 50 cents in closing at $79 after 10,608 units crossed the market. 
Guardian Holdings dropped $9.50 to end at $500.50 after investors traded 134 shares, Jamaica Broilers shed 75 cents to close at $35.75 with the swapping of 26,083 stock units, Jamaica Producers dipped $2.41 to $20.31 after an exchange of 8,604 stocks. Jamaica Stock Exchange shed 72 cents to $13.98 with investors transferring 7,620 stock units, JMMB Group rallied $1.38 in ending at $31.89 after an exchange of 20,197 units, MPC Caribbean Clean Energy rose $13.10 to $97 trading 10 shares. NCB Financial advanced $2.89 to end at $75.50 in switching ownership of 12,797 stocks, 138 Student Living lost 49 cents to close at $5.01 with a transfer of 508 stock units, Palace Amusement declined $1.05 in closing at $6.70 as investors swapped 33,208 shares. PanJam Investment shed 58 cents in closing at $56.52 with 1,032 units clearing the market, Proven Investments popped 48 cents to $27.50 in an exchange of 5,212 stock units, Sagicor Group fell $1.02 to close at $52.97 with 16,208 shares changing hands.
Seprod advanced $3.75 to end at $67 exchanging 624 stocks and Stanley Motta shed 74 cents ending at $4.90 with the swapping of 30,567 units.
In the preference segment, Jamaica Public Service 7% gained $7.17 to close at a record high of $30 after trading 5,282 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New month bounce for Junior Market
The Junior Market of the Jamaica Stock Exchange closed on Wednesday starting the new month positively with the Market Index climbing 53.30 points to 3,890.60 even as the volume of stocks traded declined 54 percent and the value 62 percent lower than on Tuesday after 47 securities changed hands compared to 46 on Tuesday and closed with 25 rising, 18 declining and 4 unchanged.
A total of 7,248,801 shares were traded for $17,264,479 compared to 15,831,268 units at $44,907,966 on Tuesday.
Trading averaged 154,230 shares at $367,329 down from 344,158 units at $976,260 on Tuesday. February closed with an average of 318,024 units at $782,332.
Regency Petroleum led trading with 2.97 million shares for 41 percent of total volume followed by Fosrich with 882,264 units for 12.2 percent of the stocks trading and Image Plus Consultants with 562,434 units for 7.8 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8, The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial fell 36 cents to close at $25.59 with 5,228 shares being traded, Cargo Handlers popped 49 cents in closing at $15 after 2,048 stock units cleared the market, Caribbean Cream gained 18 cents to finish at $3.49 following investors trading 76 units. Caribbean Flavours rallied 25 cents to $1.70 with 78 stocks changing hands, Consolidated Bakeries lost 24 cents to end at $2.18 in switching ownership of 5,065 stock units, Dolla Financial shed 11 cents to end at $2.85 in an exchange of 105,206 stocks. Fosrich lost 11 cents ending at $2.99 with the swapping of 882,264 units, General Accident rose 39 cents in closing at $4.99 with 8,097 shares changing hands, Iron Rock Insurance fell 30 cents to $2 after a transfer of 50 shares. ISP Finance gained 51 cents to settle at $21 after switching ownership of 1,500 stocks, JFP Ltd dipped 25 cents to $1.70 in trading 487,595 units, Knutsford Express declined $1.13 to $11.87 after exchanging 7,445 stock units. 
Lasco Distributors lost 9 cents to finish at $2.70 with investors transferring 31,250 stock units, Lasco Financial advanced 28 cents to end at $2.74 in exchanging 750 stocks, Lasco Manufacturing gained 25 cents in closing at $4.22, with investors transferring 16,549 shares. Limners and Bards popped 10 cents to end at $2.75 with the swapping of 5,417 units, Lumber Depot dipped 15 cents to $2.25 after 54,162 stock units were traded, Main Event rose 75 cents to close at $11.95 with an exchange of 51,844 units. Medical Disposables shed 29 cents in closing at $4.85, with 5,300 shares changing hands, Regency Petroleum fell 52 cents to end at $1.91 after investors traded 2,970,829 stocks, following release of full year results, showing higher administrative costs that wiped out increased gross profit and Spur Tree Spices shed 23 cents in closing at $2.75 exchanging 348,494 shares.
In the preference segment, CAC 2000 9.5% preference share gained 8 cents to end at $1.08 with a transfer of 294 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE markets rise
All three markets of the Jamaica Stock Exchange closed higher to the start of March on an up note and follows gains on Tuesday in the two main markets after the volume and value of stock traded plunged to low levels for the Main and Junior markets.
Trading dropped from levels passing through the market on Tuesday, with an exchange of 12,685,338 shares in all three markets, down from 32,208,706 units on Tuesday, with a value of $54.89 million, down from $134.7 million previously traded. Trading on the JSE USD market resulted in investors exchanging shares for US$44,807 compared to US$14,037 on Tuesday.
The JSE Combined Market Index rallied 2,897.91 points to 350,288.45, the All Jamaican Composite Index rose 3,384.45 points to close at 382,078.90, the JSE Main Index popped 2,579.19 points to end at 337,221.42, the Junior Market jumped 53.30 points to close at 3,890.60 and the JSE USD Market Index rose 2.11 points to end at 232.56.
The market’s PE ratio ended at 19.7 based on 2021-22 earnings and 13 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 decisions when 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.
Steady trading on Trinidad market
Trading maintained Tuesday’s robustness on the Trinidad and Tobago Stock Exchange on Wednesday, with the volume of stocks traded marginally lower than Tuesday’s, with a 14 percent higher value, resulting from activity in 24 securities up from 18 on Tuesday, with 11 stocks rising, nine declining and four remaining unchanged.
Investors traded 1,394,876 shares for $7,662,436 versus 1,400,887 stock units at $8,927,824 on Tuesday.
At the close, Agostini’s dipped 24 cents to $59.75 with investors trading 1,808 shares, Angostura Holdings declined 24 cents in closing at $23.50 in an exchange of 2,258 stocks, Ansa McAl remained at $50.75 after a transfer of 9 stock units. Ansa Merchant Bank ended at $45 with 250 units clearing the market, Calypso Macro Investment Fund shed 99 cents in ending at $20.51 as investors exchanged 200 units, CinemaOne remained at $7.90 and closed with 1,000 shares changing hands. First Citizens Group rallied 40 cents to close at $50.50, with 2,084 stocks crossing the exchange, FirstCaribbean International Bank climbed 8 cents to $6.30 after an exchange of 9,416 stocks, GraceKennedy gained 4 cents to end at $4.44 with an exchange of 1,727 shares. Guardian Holdings popped $1.47 in ending at $26.99 after investors traded 3,088 stocks, JMMB Group fell 5 cents ending at $1.75, with 32,500 stock units changing hands, L.J. Williams B share rose 20 cents to end at $2.75, with 100 units crossing the market. Massy Holdings dropped 31 cents in closing at $4.64 in switching ownership of 105,804 shares, National Enterprises lost 30 cents to close at $3.60 after 1,095,000 stock units crossed the market, National Flour Mills ended at $1.50 with a transfer of 12,088 units. 
NCB Financial increased 5 cents to $4.10 in trading 2,500 stocks, One Caribbean Media advanced 22 cents in closing at $3.50 following an exchange of 5,000 stock units, Point Lisas popped 2 cents to close at $3.60 while exchanging 1,711 units. Prestige Holdings climbed 10 cents to $7 as 6,509 shares passed through the market, Republic Financial rose $1 to $138 after exchanging 11,372 stocks, Scotiabank shed 10 cents to end at $78.10 with the swapping of 171 shares. Trinidad & Tobago NGL fell 15 cents to close at $20.85 trading 2,521 units, Trinidad Cement rallied 38 cents after ending at $3.90 with the swapping of 62,582 stocks and West Indian Tobacco lost 90 cents in closing at $19 in an exchange of 35,178 stock units.
An average of 58,120 units were exchanged at $319,268 down from 77,827 shares at $495,990 on Tuesday. The average trade for February amounts to 51,996 shares at $458,520.
The Composite Index closed unchanged at 1,325.48, the All T&T Index declined 3.21 points to 1,996.29, the SME Index remained at 61.52 and the Cross-Listed Index rallied 0.48 points to end at 85.06.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.