Stocks gained in all three Jamaica Stock Exchange markets on Wednesday but the Junior Market failed to make major inroads into the sharp fall on Tuesday. Trading dropped back from the previous day’s heightened trades that were boosted by the above average daily trade in NCB Financial of 16.05 million shares for $1.06 billion.
At the close, the JSE Combined Market Index climbed 869.73 points to close at 343,451.29, the All Jamaican Composite Index rose 2,113.23 points to 367,304.17, the JSE Main Index popped 902.81 points to 329,758.18, the Junior Market Index inched 2.98 points higher to 3,907.00, while the JSE USD Market Index jumped 7.05 points to finish at 248.42.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Productive Business 10.50% preference share lost $50 to close at $1200, Eppley 7.25% preference share dropped $2.81 to $16.19, Eppley 7.50% preference share lost $1.08 in closing at $6.09 and Jamaica Public Service 7% advanced $10.57 to close at $50.
At the close, investors exchanged 33,998,142 shares in all three markets, down from 41,956,342 stocks on Tuesday. The value of stocks trading in the Junior and Main markets was $253.9 million, up from $1.18 billion on Tuesday. Trading on the JSE USD market resulted in investors exchanging 490,501 shares for US$293,958 up from 183,070 units at US$17,969 on Tuesday.
The market’s PE ratio ended at 18.6 on 2022-23 earnings and 12.5 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 per industry, 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 June 2023
Trading Jumps on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market jumped sharply on Wednesday, with the volume of stocks changing hands rising 168 percent valued 1,536 percent more than on Tuesday and resulted in trading of nine securities, down from 13 on Tuesday with seven rising and two ending unchanged.
A total of 490,501 shares were exchanged for US$293,958 versus 183,070 units at US$17,969 on Tuesday.
Trading averaged 54,500 units at US$32,662 versus 14,082 shares at US$1,382 on Tuesday, with a month to date average of 63,403 shares at US$4,135 compared with 63,997 units at US$2,233 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index rallied 7.05 points to 248.42.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.3 and is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 0.27 of a cent in closing at 5.49 US cents with shareholders swapping 2,667 shares, Margaritaville climbed 1.89 cents to close at 11.11 US cents in switching ownership of 14 stocks, MPC Caribbean Clean Energy remained at 60 US cents after an exchange of 1,536 units. Productive Business Solutions rose 5 cents to US$1.89 as investors exchanged 145,397 stock units, Proven Investments popped 0.2 of a cent to end at 15.9 US cents after trading in 37,125 stock units, Sterling Investments ended at 1.6 US cents and closed with an exchange of 2,512 shares. Sygnus Credit Investments rose 0.21 of a cent to 11.7 US cents with an exchange of 90 stocks and Transjamaican Highway gained 0.19 of one cent to end at a record high of 1.63 US cents with an exchange of 300,539 units.
The preference segment, Productive Business 9.25% preference share rallied US$1 and ended at US$12.50, with 621 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp drop in trading on Trinidad exchange
Trading dropped sharply on the Trinidad and Tobago Stock Exchange on Wednesday, with a 63 percent fall in the volume of stocks traded and a 61 percent decline in value compared with trading Tuesday, resulting in 20 securities trading compared with 18 on Tuesday, with four stocks rising, six declining and 10 remaining unchanged.
Investors exchanged 485,562 shares for $2,784,687, down from 1,303,270 stocks at $7,053,713 on Tuesday.
An average of 24,278 shares were traded for $139,234 compared with 72,404 stock units at $391,873 on Tuesday. Trading month to date averaged 22,304 shares at $233,668 compared with 22,178 units at $239,702 on the previous day. The average trade for May ended with 23,500 shares at $216,502.
The Composite Index lost 1.02 points to end at 1,218.42, the All T&T Index fell 1.68 points to end trading at 1,872.96, the SME Index rallied just 0.12 points to 69.32 and the Cross-Listed Index dipped 0.04 points to settle at 72.49.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and five with lower offers.
At the close, Angostura Holdings ended at $23.10 as investors exchanged 8 shares, Ansa McAl ended at $51 after an exchange of 1,024 stock units, Calypso Macro Investment Fund ended at $21.80 with shareholders swapping 22 units, CinemaOne rallied 10 cents in closing at $7.10 after a transfer of 40 stocks. Endeavour Holdings climbed 25 cents to 13, with 1,322 stocks clearing the market, First Citizens Group dipped 15 cents to $48.10 after 11,276 shares were traded, and FirstCaribbean International Bank fell 5 cents to $7 after 6,281 stocks were traded. GraceKennedy shed 6 cents to close at $3.39, with 6 stock units crossing the market, Guardian Holdings remained at $16.75 with 1,193 stock units changing hands, JMMB Group remained at $1.40 with a transfer of 11,250 shares. Massy Holdings lost 2 cents to close at $4.86 with an exchange of 15,327 stocks, National Enterprises increased 9 cents in closing at $3.70 after 965 units passed through the market, NCB Financial ended at $2.70 while exchanging 406,105 units, Point Lisas advanced 5 cents to $3.30 in an exchange of 1,351 stocks. Prestige Holdings remained at $8, with investors trading 150 stock units, Republic Financial ended at $127.50, with 3,684 shares crossing the market, Scotiabank ended at $75.77 in trading 168 stock units. Trinidad & Tobago NGL dropped 30 cents to $17.70, with investors trading 20,373 units, Unilever Caribbean remained at $12.24 after 2,779 stocks were exchanged and West Indian Tobacco declined 25 cents to close at $12 in an exchange of 2,238 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Several stocks rise on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 30 percent valued 31 percent lower than on Monday, resulting in the trading of 13 securities, up from six on Monday with seven rising, two declining and four ending unchanged.
A total of 183,070 shares were traded for US$17,969 compared with 261,038 units at US$25,992 on Monday.
Trading averaged 14,082 shares at US$1,382 compared with 43,506 units at US$4,332 on Monday, with a month to date average of 63,997 shares at US$2,233 compared with 69,315 units at US$2,324 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated EquitiesI index gained 18.64 points to end at 241.38.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share popped 0.81 cents to close at 5.22 US cents in switching ownership of 16,705 shares, MPC Caribbean Clean Energy ended at 60 US cents while exchanging 89 units, Productive Business Solutions advanced 27.94 cents to US$1.84 after one stock unit passed through the market. Proven Investments declined 0.3 of a cent to end at 15.7 US cents as investors traded 6,257 stocks, Sterling Investments remained at 1.6 US cents with an exchange of 92,300 stock units, Sygnus Credit Investments ended at 11.49 US cents with 55,584 units changing hands. Sygnus Real Estate Finance USD share rose 0.02 of a cent to end at 11 US cents after a transfer of 4,369 shares and Transjamaican Highway popped 0.02 of a cent to 1.44 US cents with shareholders swapping 7,000 stocks.
In the preference segment, Productive Business 9.25% preference share fell US$1.50 and ended at US$11.50 in an exchange of 650 units, Eppley 6% preference share remained at US$1.40 after 3 stocks were traded, JMMB Group 5.5% gained 30 cents in ending at US$2.30 with an exchange of one share, JMMB Group 5.75% climbed 20 cents to end at US$2.10, with 22 stock units changing hands and JMMB Group 6% rallied 13.9 cents to close at US$1.189 and closed with trading of 89 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Surge in trading on Trinidad Market
Trading picked sharply on the Trinidad and Tobago Stock Exchange on Tuesday, with a 70 percent jump in the volume of stocks traded, with 208 percent higher value than on Monday resulting in 18 securities trading down from 19 on Monday, with eight stocks rising, four declining and six remaining unchanged.
Investors traded 1,303,270 shares for $7,053,713 compared to 768,020 stocks at $2,289,651 on Monday.
An average of 72,404 shares were traded at $391,873 compared with 40,422 shares at $120,508 on Monday, with trading month to date averaging 22,178 shares at $239,702 up from 19,113 units at $230,408 on the previous day. The average trade for May amounts to 23,500 shares at $216,502.
The Composite Index dipped 1.74 points to 1,219.44, the All T&T Index slipped 1.34 points to close at 1,874.64, the SME Index rose 0.38 points to settle at 69.20 and the Cross-Listed Index slid 0.30 points to 72.53.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s climbed $2 to end at $69 and closed with 50 shares changing hands, Angostura Holdings remained at $23.10, with 1,894 units clearing the market, Ansa McAl advanced 5 cents to $51 in an exchange of 100 stock units. Ansa Merchant Bank ended at $48 after a transfer of 2,488 stocks, Endeavour Holdings ended at $12.75 as investors exchanged 791 shares, First Citizens Group declined 25 cents and ended at $48.25 after an exchange of 10,853 units. GraceKennedy remained at $3.45 with the swapping of 7,588 stocks, Guardian Holdings dropped $1.25 in closing at a 52 weeks’ low of $16.75 as 2,530 stock units passed through the market, JMMB Group rose 5 cents to end at $1.40 after an exchange of 12,662 stock units. Massy Holdings rallied 8 cents to close at $4.88 in switching ownership of 981,252 units, NCB Financial remained at $2.70 with investors transferring 242,083 shares, One Caribbean Media popped 3 cents to $3.82, with 3 stocks crossing the market. Prestige Holdings inched 1 cent higher to close at $8 as stakeholders traded 30,000 units, Republic Financial shed 30 cents in closing at $127.50 after trading took place for 3,625 shares, Scotiabank ended at $75.77 with shareholders swapping 722 stocks. Trinidad & Tobago NGL gained 60 cents to end at $18, with 573 stock units changing hands, Unilever Caribbean popped 24 cents to $12.24 with an exchange of 1,569 shares and West Indian Tobacco dipped 23 cents to close at $12.25 with a transfer of 4,487 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.