Trading surged on the Jamaica Stock Exchange on Thursday as First Rock Real Estate USD share gained 0.16 cents to end at 6.1 US cents trading 19.35 million shares with a value of US$1.18 million and Proven Investments with an exchange of 2.626 million stock units at US$451,745, while trading slipped in the Main and Junior markets.
At the close, the USD Market and the Junior Market fell while the Main Market recorded a moderate gain at the end of trading.
At the close of trading, the JSE Combined Market Index climbed 852.77 points to 347,080.44, the All Jamaican Composite Index rallied 816.41 points to 377,204.24, the JSE Main Index climbed 954.77 points to 335,788.53, while the Junior Market Index slipped 4.17 points to 3,688.75 and the JSE USD Market Index dropped 19.78 points to finish at 217.80.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Jamaica Public Service 7% gaining $19.12 to close at $98.61.
At the close, investors exchanged 38,009,067 shares in all three markets, up from 34,160,286 units on Wednesday, with the value of stocks trading amounting to $64.5 million down from $335.12 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 22,118,146 shares for US$1.68 million, up from 114,200 units at US$33,588 on Wednesday.
The market’s PE ratio ended at 18. 7 on 2022-23 earnings and 12.3 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous 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 and 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer 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.
Archives for April 2023
Rising stocks push Trinidad Exchange higher
Rising stocks outperformed those declining at the end of trading on the Trinidad and Tobago Stock Exchange on Thursday, following a 75 percent decline in the volume of stocks traded, with a slightly higher value than on Wednesday and resulting in the trading of 19 securities compared with 22 on Wednesday, with prices of seven stocks rising, three declining and nine remaining unchanged.
Investors exchanged 338,683 shares for $7,254,285 versus 1,376,937 stock units at $6,891,500 on Wednesday.
An average of 17,825 shares were traded at $381,804 compared with 62,588 shares at $313,250 on Wednesday, with trading month to date averaging 18,397 shares at $272,509 versus 18,434 units at $265,421 on the previous day. The average trade for March ended with 23,611 shares at $241,669.
The Composite Index rose 11.89 points to 1,313.11, the All T&T Index rallied 4.67 points to conclude trading at 1,969.88, the SME Index remained unchanged at 61.51 and the Cross-Listed Index rallied 2.75 points to 85.42.
Investor’s Choice bid-offerindicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s remained at $64 in switching ownership of 4,500 shares, First Citizens Group rose 1 cent to close at $50.01 in an exchange of 6,547 stocks, FirstCaribbean International Bank fell 2 cents in closing at $7.22 with investors transferring 349 stock units, GraceKennedy rallied 15 cents to $4.20 after exchanging 6,900 units, Guardian Holdings ended at $25.05, with 203,925 units changing hands, JMMB Group dropped 3 cents in closing at $1.51 with 18,316 shares clearing the market, L.J. Williams B share increased 30 cents to $2.70 with the swapping of 918 stock units, Massy Holdings remained at $4.70 in trading 11,048 stocks, National Enterprises ended at $3.73 after a transfer of 5,050 stocks, National Flour Mills closed at $1.45 with an exchange of 48 stock units, 
NCB Financial climbed 34 cents to $3.88, with 310 units crossing the market, One Caribbean Media remained at $3.70 with an exchange of 1,085 shares, Point Lisas finished trading at $4.30 with investors swapping 1,429 shares, Prestige Holdings closed trading of 310 stocks at $8, Republic Financial finished market activity at $135.50 after an exchange of 789 stock units, Scotiabank fell 49 cents to $77 with a transfer of 558 units, Trinidad & Tobago NGL gained 24 cents to end at $19 as investors exchanged 15,824 stock units, Unilever Caribbean popped 1 cent after ending at $15.60, with 58,938 units crossing the market and West Indian Tobacco rose 1 cent to end at $16.50 after an exchange of 1,839 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losers beat winners on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 62 percent valued 78 percent lower than on Tuesday, resulting in six securities traded, compared to six on Tuesday with one rising, four declining and one ending unchanged.
Overall, 114,200 shares were traded for US$7,525 compared with 301,912 units at US$33,588 on Tuesday.
Trading averaged 19,033 units at US$1,254 down from 50,319 shares at US$5,598 on Tuesday, with a month to date average of 225,973 shares at US$8,351 compared to 240,933 units at US$8,864 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index shed 0.11 points to finish at 237.58.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio is computed based on the last traded price of each stock divided by ICInsider.com’s projected earnings for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share after ending at 5.94 US cents while exchanging 4,000 shares, MPC Caribbean Clean Energy declined 5 cents to end at 60 US cents as investors exchanged 500 stock units, Proven Investments fell 0.44 of one cent to close at 17.05 US cents with a transfer of 1,574 units, Sterling Investments lost 0.12 of one cent after ending at 1.89 US cents, with 544 stocks passing through the market, Sygnus Credit Investments dipped 0.03 of a cent in closing at 9 US cents with the swapping of 69,409 shares and Transjamaican Highway rose 0.01 of a cent in closing at 1.15 US cents, with 38,173 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining slightly but with a 247 percent jump in value compared to trading on Tuesday, with 60 securities trading compared to 61 on Tuesday, with 21 rising, 20 declining and 19 ending unchanged.
A total of 27,085,519 shares were traded for $325,797,894 compared to 27,564,223 units at $93,817,986 on Tuesday.
Trading averaged 451,425 shares at $5,429,965 versus 451,873 shares at $1,538,000 on Tuesday and month to date, an average of 270,842 units at $1,464,663, compared to 258,214 units at $1,187,369 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Jamaica Stock Exchange was the leading trade with 10.0 million shares for 36.9 percent of total volume, Carreras followed with 4.46 million units for 16.5 percent of the day’s trade, Wigton Windfarm ended with 2.82 million units for 10.4 percent market share, Transjamaican Highway closed with 2.39 million units for 8.8 percent of share traded, Wisynco Group traded 1.06 million units for 3.9 percent of market activity and Sagicor Select Financial Fund with 1.04 million units for 3.8 percent of total volume.
The All Jamaican Composite Index climbed 1,936.55 points to 376,387.83, the JSE Main Index rallied, 1,767.62 points to finish at 334,833.76 and the JSE Financial Index popped 0.29 points to 77.09.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded stock price and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints fell 42 cents to $7.88 with an exchange of 6,937 shares, Eppley Caribbean Property Fund climbed $2.50 after ending at $43.50, with 422 units changing hands, First Rock Real Estate declined $1.60 to end at $10.15, with 80,528 stocks crossing the market, GraceKennedy advanced 50 cents to close at $80 in an exchange of 69,435 stock units, 
JMMB Group shed 75 cents in closing at $30.55 with the swapping of 62,383 units, Kingston Properties lost 45 cents in closing at $6.65 after exchanging 12,176 stocks, Margaritaville gained 99 cents after ending at $19 with 149 stock units clearing the market, NCB Financial dipped $2.96 to $72.03 and closed after trading 159,555 shares, Pan Jamaica Group rallied $4.44 to $56.44 in an exchange of 163 units and Supreme Ventures rose 89 cents to close at $28.89 as investors exchanged 550,580 stock units.
In the preference segment, Productive Business 10.50% preference share dropped $20 to end at $1200 in trading 169 stocks, Eppley 7.50% preference share declined $1.93 after finishing at $6 with an exchange of 11 shares, Eppley 7.75% preference share lost $1.42 to end at $18.60 with investors transferring two stock units, 
Jamaica Public Service 7% popped $16.24 to close at $79.49 as 538 shares passed through the market and Productive Business Solutions 9.75% preference share fell $3 in closing at $104 after a transfer of 658 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidation continues for Junior Market
Trading picked up on Wednesday on the Junior Market of the Jamaica Stock Exchange, with a 66 percent jump in the volume of stocks traded with the value climbing 52 percent over that on Tuesday with investors trading in 44 securities similar to Tuesday and ended with prices of 18 rising, 14 declining and 12 closing unchanged.
Investors traded 7,960,577 shares for $17,940,729, up from 4,787,609 units at $11,820,076 on Tuesday.
Trading averaged 180,922 shares at $407,744 compared with 108,809 shares at $268,638 on Tuesday with the month to date, averaging 267,964 units at $2,829,487 compared with 273,803 stock units at $2,991,921 on the previous day, which is well up on March, with an average of 509,288 units at $1,071,868.
Jamaican Teas led trading with 1.95 million shares for 24.5 percent of total volume followed by Lumber Depot, with 1.51 million units for 18.9 percent of the day’s trade and Image Plus Consultants with 879,036 units for 11 percent market share.
At the close, the Junior Market Index fell 7.59 points to 3,692.92.
The PE Ratio, a measure of computing appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
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, Blue Power dipped 40 cents to close at $2.03 with investors transferring 11,729 shares, Cargo Handler lost 20 cents after ending at $13.50 and investors trading 1,000 stock units, Dolphin Cove popped 32 cents in closing at $15.32 after exchanging 184 stocks. 
Elite Diagnostic gained 20 cents to close at $2.60, with 9,873 units changing hands, Everything Fresh shed 6 cents to end at $1.45 after investors exchanged 11,885 units, Express Catering dropped 8 cents to $5.42 with a transfer of 98,289 stocks. General Accident rose 50 cents in closing at $5.50 after an exchange of 53,052 shares, Honey Bun declined 16 cents to end at $6.32 with 1,439 stock units changing hands, Image Plus Consultants fell 11 cents after ending at $1.89, with 879,036 units crossing the market. ISP Finance popped $1.99 to close at $21.50 while exchanging just 10 shares, Jamaican Teas climbed 15 cents to $2.25 in trading 1,952,779 stock units, Knutsford Express declined 54 cents in closing at $10.55, with 12,002 stocks crossing the market. Lasco Distributors increased 11 cents to end at $2.42 with the swapping of 155,467 units, Lasco Manufacturing advanced 39 cents to $4.05 in an exchange of 31,717 stock units, 
Main Event lost 51 cents to close at $13.49 as investors exchanged 7,268 stocks. Medical Disposables gained 14 cents to end at $5.14, with 1,212 shares crossing the exchange and Regency Petroleum rose 6 cents in closing at $2.45 after a transfer of 144,832 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
BOJ CD rate falls again
Rates payable on Bank of Jamaica CD instruments declined for six consecutive weeks following applications received in response to an offer of $32 billion by the Bank of Jamaica today and resulted in an average yield of 8.11% for successful bids, down from 8.32 percent last week.
The auction attracted 257 bids for just over $46.43 billion, with 199 successful. The lowest submitted rate was 7.5 percent and the highest at 10.25 percent, down from 11 percent in the previous auction, with a partially successful bid at 8.25 percent, down from 8.35 percent previously.
The total amount of 30 days CDs is now $103 billion, down from $106 billion last week.
Trading jumps on Jamaica Stock Exchange
The Jamaica Stock Exchange Main Market and the USD Market recorded gains at the end of trading on Wednesday with a rise in the volume and value of stock trading compared to Tuesday, but the Junior market which remained steady throughout the day slipped moderately at the close.
The JSE Combined Market Index rose 1,579.85 points to 346,227.67, the All Jamaican Composite Index climbed 1,936.55 points to 376,387.83, the JSE Main Index rallied 1,767.62 points to finish at 334,833.76, while the Junior Market Index fell 7.59 points to 3,692.92 and the JSE USD Market Index popped 0.11 points to finish at 237.58.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 7.25% climbing $3.50 to $20, JPS 7% jumped $16.24 to $79.49, PBS 9.75% lost $3 to end at $104 and PBS10.5% dropped $20.65 to close at $1,200.
At the close, investors exchanged 34,160,286 shares in all three markets, up from 32,651,744 units on Tuesday, with the value of stocks trading amounting to $335.12 million up from $105.6 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 114,200 shares for US$7,525, down from 301,912 units at US$33,588 on Tuesday.
The market’s PE ratio ended at 18.9 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous 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 and 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and lowest offer 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 surges on the Trinidad Exchange
Trading on the Trinidad and Tobago Stock Exchange on Wednesday ended, with the volume of stocks traded surging 497 percent with the value 102 percent more than on Tuesday resulting in 22 securities trading compared with 18 on Tuesday, with seven stocks rising, four declining and 11 remaining unchanged.
Investors traded 1,376,937 shares for $6,891,500 compared to 230,503 units at $3,407,511 on Tuesday.
An average of 62,588 shares were traded for $313,250 compared with 12,806 units at $189,306 on Tuesday, with trading month to date averaging 18,434 shares at $265,421 versus 14,850 units at $261,541 on the previous day. The average trade for March amounts to 23,611 shares at $241,669.
The Composite Index gained 1.26 points to close at 1,301.22, the All T&T Index popped 1.99 points to finish at 1,965.21, the SME Index remained at 61.51 and the Cross-Listed Index popped 0.07 points to settle at 82.67.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling price and one with a lower offer.
At the close, Agostini’s ended at $64, with 50 shares crossing the market, Ansa McAl rallied $2 to close at $53 after 37 units crossed the market, 
Ansa Merchant Bank declined $1.17 to end at $42.36, with 50 stocks passing through the market. Calypso Macro Investment Fund popped 24 cents to $21 as investors exchanged 6 stocks, First Citizens Group remained at $50 with 7,215 units clearing the market, FirstCaribbean International Bank slipped 1 cent to $7.24 closed with investors trading 15 shares. GraceKennedy fell 5 cents to close at $4.05 while exchanging 25,314 stocks, Guardian Holdings ended at $25.05, with 7,173 stock units changing hands, Guardian Media advanced 10 cents to end at $2.30 with investors trading 25 units. JMMB Group increased 4 cents to $1.54 after switching ownership of 103,500 stocks, L.J. Williams B share remained at $2.40 in trading 200 stock units, Massy Holdings gained 5 cents to close at $4.70, with 1,183,762 shares crossing the exchange. National Enterprises ended at $3.73 in an exchange of 1,903 stocks, 
National Flour Mills rose 2 cents in closing at $1.45 with the swapping of 892 stock units, One Caribbean Media ended at $3.70 with an exchange of 4 shares. Prestige Holdings closed at $8 in an exchange of 102 units, Republic Financial ended at $135.50 after a transfer of 249 stocks, Scotiabank ended at $77.49 with investors transferring 16 units. Trinidad & Tobago NGL climbed 6 cents to $18.76 after an exchange of 17,153 stock units, Trinidad Cement remained at $3.50 with an exchange of 20,166 shares, Unilever Caribbean ended at $15.59 with a transfer of 8,814 shares and West Indian Tobacco dipped 1 cent to end at $16.49, with 291 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market drops
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 74 percent jump in the volume of stocks changing hands, valued 198 percent more than on Monday, and resulting in six securities being traded, up from three on Monday with none rising, four declining and two ending unchanged.
Overall, 301,912 shares were traded for US$33,588 compared with 173,563 units at US$11,282 on Monday.
Trading averaged 50,319 units at US$5,598 compared to 57,854 shares at US$3,761 on Monday, with a month to date average of 240,933 shares at US$8,864 compared with 255,786 units at US$9,118 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index lost 2.65 points to end at 237.28.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
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, First Rock Real Estate USD share fell 0.46 of a cent to close at 5.94 US cents after investors traded 13,000 shares, Margaritaville dropped 1.47 cents to land at 10 US cents while exchanging 42,183 stocks, Proven Investments dipped 0.11 of a cent in closing at 17.49 US cents after a transfer of 101,600 units, Sygnus Credit Investments shed 0.41 of a cent in ending at 9.03 US cents with the swapping of 100,021 stock units and Transjamaican Highway remained at 1.14 US cents in switching ownership of 44,108 stock units.
In the preference segment, JMMB Group 6% ended at US$1.08 with investors transferring 1,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE Main Market
The Jamaica Stock Exchange Main Market ended lower on Tuesday, with the volume of stocks traded rising 32 percent and the value 44 percent more than on Monday, following trading in 61 securities similar to Monday, with 25 rising, 19 declining and 17 ending unchanged.
A total of 27,564,223 shares were traded for $93,817,986 compared to 20,926,744 units at $64,972,967 on Monday.
Trading averaged 451,873 shares at $1,538,000 compared with 343,061 shares at $1,065,131 on Monday and month to date, an average of 258,214 units at $1,187,369, compared with 243,392 units at $1,160,533 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 10.12 million shares for 36.7 percent of total volume with the price rising 2 cents to $1.78, followed by Stanley Motta with 9.49 million units for 34.4 percent of the day’s trade, Wigton Windfarm with 4.94 million units for 17.9 percent market share after the price climbed 4 cents to 80m cents and QWI Investments with 1.67 million units for 6.1 percent of total volume.
The All Jamaican Composite Index fell 1,353.85 to 374,451.28, the JSE Main Index slipped 1,349.09 points to 333,066.14 and the JSE Financial Index fell 0.37 points to 76.43.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings 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 eight with lower offers.
At the close, Carreras rose 36 cents to $8.86 with the swapping of 63,108 shares, First Rock Real Estate climbed 50 cents after ending at $11.75 in switching ownership of 8,001 shares, Guardian Holdings popped $5 to end at $490 after an exchange of just one stock unit. Jamaica Broilers fell 35 cents in closing at $35.60 changing hands 28,755 stock units, Jamaica 
Producers fell 97 cents to $20.73 after a transfer of 5,505 units. Key Insurance shed 58 cents in closing at $3.07, with 11,880 stock units changing hands, Kingston Properties rallied 48 cents to $7.10 as investors exchanged 246 stocks, Margaritaville dipped 38 cents to $18.01 while trading 147 units, Massy Holdings dropped $1.50 after ending at $85.50, with 4,330 stock units changing hands. NCB Financial jumped $1.99 to $74.99 trading 40,853 units, Pan Jamaica Group declined $4.79 to close at $52 and closed, with an exchange of 8,100 shares, Proven Investments lost 50 cents in closing at $25.50 in trading 57,800 stock units. Sagicor Group dipped 50 cents to end at $50 in an exchange of 12,050 units and Seprod dipped $2.79 after ending at $69.71 with a transfer of 3,039 shares.
In the preference segment, Eppley 7.25% preference share advanced $3.50 to end at $20 crossing the market 5 stocks, 
Jamaica Public Service 7% rose $13.25 to close at $63.25 with the swapping of 700 shares and 138 Student Living preference share gained $14.65 in closing at $88.65 with an exchange of 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
