All three markets of the Jamaica Stock Exchange closed higher at the end of trading on Friday with Main Market putting in solid gains while the others rose modestly following a pickup in trading over Thursday’s levels.
At the close of trading, the JSE Combined Market Index ran 2,495.00 points higher to 348,830.07, the All Jamaican Composite Index jumped 3,017.25 points to 372,672.30, the JSE Main Index climbed 2,660.04 points to 337,061.22, the Junior Market just managed to squeeze out a rise of 1.42 points in the market index to end at 3,750.17 and the JSE USD Market Index rallied 3.83 points to end at 210.66.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Jamaica Public Service 9.5% jumped $21 to close at $3,000.
At the close, investors exchanged 23,826,160 shares in all three markets, up from 20,280,791 units on Thursday, with the value of stocks trading amounting to $110.3 million from $95.54 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 211,505 shares for US$16,972 compared to 142,507 units at US$31,099 on Thursday.
The market’s PE ratio ended at 17.5 on 2022-23 earnings and 11.4 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 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 May 2023
Gains for Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded declining 77 percent and the value 83 percent lower than on Thursday, resulting in trading of 19 securities compared with 18 on Thursday, with the prices of four stocks rising, seven declining and eight remaining unchanged.
Investors exchanged 108,985 shares for $1,151,664 versus 472,886 stock units at $6,787,326 on Thursday.
An average of 5,736 shares were traded for $60,614 compared with 26,271 shares at $377,074 on Thursday, with trading month to date averaging 24,512 shares at $229,510 versus 25,484 units at $238,254 on the previous day. The average trade for April ended with 17,776 shares at $261,442.
The Composite Index climbed 2.65 points to 1,267.48, the All T&T Index rallied 4.88 points to finish at 1,927.58, the SME Index remained at 69.27 and the Cross-Listed Index increased 0.04 points to finish at 78.52.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s dropped 3 cents to close at $65.02 with a transfer of 397 shares, Angostura Holdings ended at $23.10, with 41 stocks changing hands, Ansa McAl remained at $51 with an exchange of 23 stock units. Calypso Macro Investment Fund remained at $21.80 with investors transferring 416 units, First Citizens Group popped $2 to $50 after a transfer of 2,177 shares, FirstCaribbean International Bank rallied 13 cents to end at $7.15 with investors trading 820 units. GraceKennedy gained $3.85 and ended at $3.85 in switching ownership of 20,727 stocks, Guardian Holdings climbed 5 cents to close at $20.55 with shareholders swapping 8,551 stock units, JMMB Group fell 1 cent in closing at $1.40 after exchanging 142 stocks. Massy Holdings dipped 1 cent to $5.09 after investors traded 18,229 units, National Enterprises ended at $3.75 in an exchange of 21,558 shares, NCB Financial lost 1 cent to end at a 52 weeks’ low of $3.24 as 375 stock units were traded. One Caribbean Media ended at $3.82, with 1,032 shares clearing the market, Point Lisas shed 23 cents to close at $3.27, with 112 stock units crossing the exchange, Republic Financial declined $1 to close at a 52 weeks’ low of $129 while exchanging 554 stocks. Scotiabank remained at $76.56 after an exchange of 14 units, Trinidad & Tobago NGL ended at $19 in an exchange of 103 units, Unilever Caribbean advanced 9 cents to close at $15.25, with 17,984 stocks crossing the market and West Indian Tobacco remained at $13.75 and closed with 15,730 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE USD Market
Trading ended Thursday on the Jamaica Stock Exchange US dollar market, with the volume of stocks changing hands declining 79 percent valued 2 percent less than on Wednesday, resulting in trading in six securities, down from 10 on Wednesday with two rising, one declining and three unchanged.
Overall, 142,507 shares were traded for US$31,099 compared with 679,924 units at US$31,830 on Wednesday.
Trading averaged 23,751 units at US$5,183 compared with 67,992 shares at US$3,183 on Wednesday, with a month to date average of 37,077 shares at US$2,111 compared with 37,722 units at US$1,963 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index slipped 0.80 points to 206.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. The PE ratio is computed based on the last traded stock price divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share ended at 4.4 US cents after investors traded 28,669 shares, Proven Investments fell 0.02 of a cent to 16 US cents with 102,214 stock units crossing the exchange, Sterling Investments ended at 1.68 US cents with an exchange of 6,285 stocks and Sygnus Real Estate Finance USD share popped 0.01 of a cent to close at 11.1 US cents, with 8 units changing hands.
In the preference segment, Productive Business 9.25% preference share remained at US$11.50 after 331 shares passed through the market and JMMB Group 5.75% gained 28.5 cents to close at US$1.90 with shareholders swapping 5,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market indices rise for Trinidad Exchange
The Trinidad and Tobago Stock Exchange gained on Thursday, even as declining stocks exceeded those rising by a wide margin following a 68 percent decline in the volume of stocks traded with a 59 percent lower value than on Wednesday that resulted from trading in 18 securities compared with 19 on Wednesday, with three stocks rising, seven declining and eight remaining unchanged.
Investors exchanged 472,886 shares for $6,787,326 versus 1,463,131 stock units at $16,603,249 on Wednesday.
An average of 26,271 shares were traded at $377,074 versus 77,007 units at $873,855 on Wednesday, with trading month to date averaging 25,484 shares at $238,254 versus 25,444 units at $231,095 on the previous day. The average trade for April with 17,776 shares at $261,442.
The Composite Index rose 5.17 points to 1,264.83, the All T&T Index rallied 10.31 points to close at 1,922.70, the SME Index advanced 2.24 points to 69.27 and the Cross-Listed Index slipped 0.05 points to settle at 78.48.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Agostini’s gained 55 cents to end at close at a 52 weeks’ high of $65.05, with 370 stock units clearing the market, Angostura Holdings rose 11 cents and ended at $23.10 after exchanging 309 units, Ansa McAl ended at $51 after investors traded 62,302 units, Endeavour Holdings ended at $12.65 in trading 3 units. First Citizens Group dipped 50 cents to $48, as 11,959 shares were traded, Gracekennedy shed 9 cents to close at $3.90 in an exchange of 88,497 shares, Guardian Holdings fell 25 cents to $20.50, with 15,000 stocks crossing the market. JMMB Group remained at $1.41 with an exchange of 12,022 stock units, Massy Holdings ended at $5.10 while exchanging 57,055 stock units, National Enterprises ended at $3.75, with 129,200 units crossing the exchange, NCB Financial dropped 5 cents to close at a 52 weeks’ low of $3.25 in trading 54,040 shares. Point Lisas remained at $3.50 in switching ownership of 760 stocks, Prestige Holdings remained at $7.84 in an exchange of 7,000 stocks, Republic Financial fell $1.99 to end at $130 with a transfer of 996 shares, Scotiabank popped 1 cent to $76.56 as 12,377 units were exchanged. Trinidad Cement declined 7 cents in closing at $2.63 after a transfer of 6,142 stock units, Unilever Caribbean shed 29 cents to end at $15.16 and closed with 7,441 shares changing hands and West Indian Tobacco fell 20 cents to close at a 52 weeks’ low of $13.75 after 7,413 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market plunges
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands rising 110 percent valued 521 percent more than on Monday and resulting in 10 securities traded, compared to eight on Monday with none rising, nine declining and one ending unchanged and sending the US Denominated Equities Index down 19.40 points to 207.57.
Investors traded 679,924 shares for US$31,830, up from 323,887 units at US$5,124 on Monday.
Trading averaged 67,992 units at US$3,183, up from 40,486 shares at US$641 on Monday, with a month to date average of 37,722 shares at US$1,963 compared to 35,067 units at US$1,856 on the previous trading day. April ended with an average of 394,241 units for US$22,357.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. 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 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share shed 0.78 of one cent to end at 4.4 US cents, with 56,186 shares changing hands, Margaritaville dipped 1.65 cents to 9.35 US cents after 20,000 units crossed the market, Productive Business Solutions lost 24.92 cents in closing at US$1.4508 with investors transferring 1,000 stocks. Proven Investments dropped 0.88 of one cent and ended at 16.02 US cents as investors exchanged 60,149 shares, Sterling Investments declined 0.3 of a cent to 1.68 US cents after hitting a 52 weeks’ intraday low of 0.160 cents with shareholders swapping 26,907 shares, Sygnus Credit Investments fell 1.95 cents in closing at 11.03 US cents after investors exchanged 1,075 stocks and Transjamaican Highway declined 0.1 of a cent to close at 1.2 US cents with 509,141 stock units crossing the market.
In the preference segment, Productive Business 9.25% preference share dipped US$1.50 and ended at US$11.50 as 100 units passed through the market, JMMB Group 5.75% fell 18.5 cents to end at 52 weeks’ low of US$1.615 and closed with an exchange of 4,966 stock units and JMMB Group 6% remained at US$1.07 with 400 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.