Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands rising 125 percent as the value surged 895 percent more than on Monday, resulting from trading in four securities, compared to nine on Monday with three rising and one declining.
Overall, 296,100 shares were traded for US$34,738 compared to 131,600 units at US$3,492 on Monday.
Trading averaged 74,025 units at US$8,685 compared to 14,622 shares at US$388 on Monday. Trading for the month to date averages 47,977 shares at US$4,392 up from 47,163 units at US$4,258 on the previous day. trading in September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index popped 12.76 points to settle at 226.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Productive Business Solutions rallied 20 cents and ended at US$1.60 after exchanging 3,546 units, Proven Investments increased 0.9 of one cent to 15.5 US cents with a transfer of 186,386 stocks, Sygnus Credit Investments dipped 0.02 of a cent to end at 8.68 US cents and closed, with 39 shares being traded and Transjamaican Highway climbed 0.11 of a cent in closing at 1.65 US cents with investors transferring 106,129 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for October 2023
Trading jumps on JSE USD Market
JSE Main Market jumps to end October
Trading activity picked up on the Jamaica Stock Exchange Main Market from the lacklustre levels on Tuesday, with the volume of stocks traded rising 30 percent and the value 310 percent more than on Monday, with trading in 58 securities compared with 55 on Monday, with 20 rising, 25 declining and 13 ending unchanged.
A total of 7,470,394 shares were traded for $65,380,690 compared with 5,763,109 units at $15,955,473 on Monday.
Trading averaged 128,800 shares at $1,127,253 compared to 104,784 shares at $290,100 on Monday and month to date, an average of 214,410 units at $1,325,907, compared with 218,949 units at $1,336,439 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Wigton Windfarm led trading with 2.46 million shares for 32.9 percent of total volume followed by Transjamaican Highway with 1.07 million units for 14.3 percent of the day’s trade and Carreras with 701,528 units for 9.4 percent market share.
The All Jamaican Composite Index popped 4,665.94 points to close at 351,476.39, the JSE Main Index jumped 4,914.30 points to finish at 318,800.82 and the JSE Financial Index rose 0.79 points to close at 69.43.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints lost $1.20 to close at a 52 weeks’ low of $6.20, with 1,138 units crossing the market, Caribbean Cement rose $1.99 to $50.99 in switching ownership of 34,273 stocks, First Rock Real Estate skidded $1.36 to end at a 52 weeks’ low of $6.55 with investors transferring 19,332 shares. General Accident rallied 36 cents in closing at $5.56 after an exchange of 19,809 stock units, GraceKennedy increased 50 cents and ended at $73 with traders dealing in 40,025 shares, Jamaica Producers fell 87 cents to $19.08 while exchanging 363 stocks. JMMB Group climbed 49 cents in closing at $27.50 with shareholders swapping 55,168 units, Key Insurance dropped 29 cents to close at $2.21 after investors ended trading of 34,312 stock units, Kingston Properties popped 30 cents and ended at $7.70 with an exchange of 63,719 shares. 
Kingston Wharves gained 50 cents to end at $28, with 72,619 stocks changing hands, Margaritaville advanced $2.45 to $16.50, after just one unit passed through the market, Massy Holdings popped $7.93 and ended at $98.80 after a transfer of 28 stock units. NCB Financial shed 30 cents to end at $62.85, with 146,019 shares crossing the exchange, Proven Investments declined 45 cents in closing at $23.05 with investors dealing in 1,356 stock units, Sagicor Group rallied $1.10 to close at $44.60 after 25,814 stocks crossed the market. Sagicor Real Estate Fund increased 20 cents to $8.30 after an exchange of 9,794 units, Scotia Group climbed 20 cents in closing at $34.70, with 35,513 stocks clearing the market, Seprod rose $7.50 and ended at $78.50 with an exchange of 91,825 units. Sygnus Real Estate Finance dipped 95 cents to close at $10.95 as investors exchanged 10 shares and Wisynco Group advanced $1.05 to end at $21.95 in trading 676,252 stock units.
In the preference segment, Jamaica Public Service 7% fell $3.22 to $42 after exchanging 1,110 shares and Productive Business Solutions 9.75% preference share shed $1 and ended at $122 with a transfer of 11 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Buoyant month end trading for Junior Market
The Junior Market of the Jamaica Stock Exchange closed on Tuesday, with the market closing out October lower than September and ended market activity with the volume of stocks traded declining 20 percent and the value 32 percent lower than on Monday with trading of 44 securities compared with 45 on Monday and ended with prices of 22 rising, 14 declining and eight closing unchanged.
Investors traded 35,689,862 shares for $96,708,978, compared to 44,475,233 units at $142,291,683 on Monday.
Trading averaged 811,133 shares at $2,197,931 versus 988,339 stock units at $3,162,037 on Monday. Trading for the month to date averages 361,392 stocks at $863,984, up from 338,084 stocks at $794,851 on the previous day and well over September with an average of 220,239 units at $459,425.
Future Energy dominated trading, accounting for 42.2 percent of total volume with 15.05 million shares, followed by Indies Pharma with 6.33 million units for 17.7 percent of the day’s trade, while ONE on ONE Educational chipped in with 3.11 million units for 8.7 percent market share, Regency Petroleum ended with 2.75 million units for 7.7 percent the market, JFP Ltd with 1.93 million units for 5.4 percent stocks traded and Image Plus with 1.17 million units for 3.3 percent of total volume.
At the close, the Junior Market Index popped 2.26 points to finish at 3,862.87.
The Junior Market ended trading with an average PE Ratio of 10.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AMG Packaging declined 9 cents to close at $2.39 after an exchange of 357 units, Blue Power gained 22 cents to close at $2.93, with 17,164 stocks clearing the market, Cargo Handlers rose 40 cents and ended at $14.40 in an exchange of 675 shares. Caribbean Assurance Brokers rallied 32 cents to end at $2.89 after 4,034 stock units passed through the market, Caribbean Flavours increased 8 cents in closing at $1.43 with investors swapping 126 shares, Consolidated Bakeries popped 31 cents to $2.36, with 194 units crossing the market. Dolphin Cove fell 20 cents to close at $16 with traders dealing in 8,026 stocks, EduFocal dropped 20 cents to end at $2.15 in switching ownership of 415,049 stock units, Everything Fresh advanced 32 cents in closing at $1.80 with investors transferring 249,251 shares. 
Express Catering lost 20 cents and ended at $4.30, with 25,000 stocks crossing the market, Fontana climbed 12 cents to $11.60 after investors exchanged 88,981 units, Fosrich increased 8 cents and ended at $2.48 after a transfer of 174,724 stock units. Indies Pharma climbed 19 cents to end at $3.14 while exchanging 6,330,640 shares, ISP Finance rose $1.03 in closing at $31.50 with investors dealing in 53 stocks, JFP Ltd rallied 11 cents to close at $1.61 after an exchange of 1,925,990 units. Knutsford Express popped 74 cents to $12.74, with 84,156 stock units changing hands, Mailpac Group gained 8 cents and ended at $2.30 with stakeholders exchanging 1,084,541 shares, MFS Capital Partners skidded 11 cents to end at $2 in trading 163,542 units. Paramount Trading shed 43 cents in closing at $1.27, with 24,943 stocks crossing the exchange, 
Regency Petroleum advanced 30 cents to close at $2.45 with a transfer of 2,754,769 stock units and Spur Tree Spices rose 25 cents to $2.45 and closed after 874,104 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sizable gains for JSE Main Market on Tuesday
The Jamaica Stock Exchange Main market closed trading on Tuesday and October with big indices rally and JSE Junior and JSE USD Markets bounced at the close in ending higher than on Monday, with increased volume and value of stocks trading, with all Market Indices closing lower than the end of September.
At close, the JSE Combined Market Index popped 4,618.54 points to close at 332,815.38, the All Jamaican Composite Index surged 4,665.94 points to 351,476.39, the JSE Main Index rallied 4,914.30 points to end October at 318,800.82. The Junior Market Index rose 2.26 points to close at 3,862.87 and the JSE USD Market Index climbed 12.75 points to close out October at 226.08.
The significant increase in the Main Market indices was due to big price movements in Massy Holdings, up $7.93, followed by Seprod, with a gain of $7.50, Margaritaville with a rise of $2.47 Caribbean Cement $1.99 and Wisynco up $1.05.
Investors traded 43,456,356 shares in all three markets, down from 50,369,942 stock units on Monday. The value of stocks traded rose on the Junior and Main markets to $162.09 million from $158.25 million on Monday. The JSE USD market closed after 296,100 shares were sold for US$34,738 compared to 131,600 units at US$3,492 on Monday.
In the preference segment, Jamaica Public Service 7% skidded $3.22 to $42 and Productive Business Solutions 9.75% preference share dropped $1 to close at $122.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 22.5 on 2022-23 earnings and 11.2 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. 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.
AS Bryden & Sons JSE listing imminent
AS Bryden & Sons Holdings Ltd seems set to be the next listed company on the Main Market of the Jamaica Stock Exchange. The company, through its listing agents NCB Capital Market, posted an abridge financial statement on the JSE website on Monday, a sign that the listing will be in days, so far, there are no signs that is will list in Trinidad at the same time.
The company has shareholders” equity of TT$576.2 million of Jamaican J$13.25 billion as of June 2023 with total borrowings exceeding shareholders equity with long term loans of TT$285 million and medium term borrowings about two TT$534 million.
Current assets stand at TT$1.19 billion, with inventories and trade receivables amounting to TT$976 million and current liabilities at TT$576 million.
Sales revenue for the six months to June amounts to TT$1.18 billion with gross profit of TT$304 million, for a 25.7 profit margin. Pretax profit amounts at TT$74 million an after tax profit of TT$56 million.
Massey Holdings is trading around 10 times current year’s earnings if this is achieved by Bryden it would value the stock at J$12 billion or just a bit below book value.
The company focuses is on the distribution of fast-moving consumer goods (FMCG) and the sales divisions are grouped into three teams specialising in Premium Beverages, Food & Grocery, and Hardware & Housewares.
Seprod owns 54 percent of Bryden, which was acquired in 2022.
More TTSE stocks rose than declined
Rising stocks dominated trading on the Trinidad and Tobago Stock Exchange on Tuesday, after trading occurred in 19 securities compared with 18 on Monday, and ended with prices of eight stocks rising, five declining and six remaining unchanged and, resulting in the volume of stocks traded rising 20 percent and the value climbing 42 percent more than on Monday.
Investors exchanged 282,937 shares for $2,364,755 versus 234,948 stock units at $1,661,450 on Monday.
An average of 14,891 shares were traded at $124,461 compared with 13,053 shares at $92,303 on Monday, with trading month to date averaging 15,711 shares at $151,451 compared with 15,751 units at $152,790 on the previous day. The average trade for September amounts to 21,948 shares at $198,506.
The Composite Index dropped 0.83 points to close at 1,194.04, the All T&T Index increased 3.13 points to settle at 1,824.90, the SME Index remained unchanged at 79.99 and the Cross-Listed Index skidded 0.71 points to close at 72.65.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s shed $2.50 to end at $65 with investors trading 2,253 shares, Calypso Macro Investment Fund rallied 2 cents in closing at $22.52 after 20,000 stocks passed through the market, First Citizens Group fell 20 cents to end at $49.25 after 3,211 shares were traded. FirstCaribbean International Bank dipped 25 cents to close at $6.75 in an exchange of 1,304 stock units, GraceKennedy ended at $3.39 with shareholders swapping 8,800 shares, Guardian Holdings popped $1.33 to $19.99 after an exchange of a mere one unit. JMMB Group gained 1 cent to end at $1.41 in trading 46,700 stocks, L.J. Williams B share rose 4 cents in closing at $2.39, with 1,000 stock units crossing the market, Massy Holdings lost 1 cent and ended at $4.60 with an exchange of 168,455 shares. National Enterprises remained at $3.51, with 51 stock units crossing the market, National Flour Mills remained at $1.63 in an exchange of 50 stocks, One Caribbean Media ended at $3.89 after an exchange of 50 units. 
Prestige Holdings climbed 50 cents in closing at $11.50 with investors dealing in 14 shares, Republic Financial increased 1 cent to end at $118.75 after a transfer of 3,716 units, Scotiabank advanced 50 cents to close at $72.51 with investors exchanging 168 stocks. Trinidad & Tobago NGL popped 50 cents to $11.50 with a transfer of 20,067 stock units, Trinidad Cement dropped 2 cents to end at $2.93 as investors exchanged 3,191 shares, Unilever Caribbean remained at $10.60 in switching ownership of 3,421 stocks and West Indian Tobacco ended at $10.31 with traders dealing in 485 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Drop In JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 315 percent but with a 54 percent lower value than on Friday, resulting in the trading of nine securities, compared to six on Friday with four rising, three declining and two ending unchanged.
Overall, 131,600 shares were traded, for a mere US$3,492 compared to 31,673 units at US$7,572 on Friday.
Trading averaged 14,622 units at US$388, versus 5,279 shares at US$1,262 on Friday, with a month to date average of 47,163 shares at US$4,258 compared with 49,625 units at US$4,551 on the previous trading day. Trading in September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index lost 12.69 points to settle at 213.33, down 8.8 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 two 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 remained at 4.37 US cents after an exchange of 1,000 stocks, Margaritaville gained 1.68 cents to close at 12.7 US cents, with one unit crossing the market, Productive Business Solutions dropped 15 cents to close at US$1.40 in an exchange of 51 shares. 
Proven Investments popped 0.1 of a cent in closing at 14.6 US cents, with 4,400 stock units crossing the market, Sterling Investments increased 0.1 of a cent to end at 1.7 US cents after an exchange of 710 shares and Transjamaican Highway lost 0.11 of one cent in closing at 1.54 US cents, with 125,038 units changing hands.
In the preference segment, JMMB Group 5.5% skidded 33.9 cents to US$1.65 after 250 stocks passed through the market, JMMB Group 5.75% ended at US$1.74 with investors transferring 140 stock units and Productive Business Solutions 9.25% preference share climbed 84 cents to close at US$12.40 in switching ownership of 10 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market falls Monday
Trading activity closed on Monday, with an exchange of 5,763,109 shares for a mere $15,955,473 that was down 49 percent compared with the value of $31,523,597 on Friday from trading in 5,448,012 units on Friday, 
on the Jamaica Stock Exchange Main Market in ending, with trading in 55 securities similar to Friday, and ending with prices of 16 rising, 16 declining and 23 ending unchanged.
Trading averaged 104,784 shares at $290,100 versus 99,055 shares at $573,156 on Friday and month to date, an average of 218,949 units at $1,336,439, compared with 224,992 units at $1,391,827 on the previous trading day. Trading during September ended with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 2.39 million shares for 41.4 percent of total volume followed by JMMB Group 7.5% with 1.25 million units for 21.7 percent of the day’s trade and Wigton Windfarm with 597,959 units for 10.4 percent market share.
The All Jamaican Composite Index slipped just 9.86 points to 346,810.45, the JSE Main Index dropped 1,512.64 points to end at 313,886.52 and the JSE Financial Index dipped 0.03 points to finish at 68.64.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints rose 90 cents to end at $7.40 with shareholders swapping 90 units, Caribbean Cement declined $1.32 in closing at $49, with 18,894 stocks crossing the market, Jamaica Broilers climbed 97 cents to $33.97 with stakeholders exchanging 34,920 shares. Jamaica Producers increased 95 cents and ended at $19.95 in trading 20 stock units, JMMB Group fell 49 cents to close at $27.01 after 9,356 shares passed through the Market, 
Massy Holdings dropped $7.93 to $90.87 with traders dealing in 155 stock units. Proven Investments popped $2 in closing at $23.50 while investors traded 202 stocks, Scotia Group rallied 95 cents and ended at $34.50, after 25,702 units passed through the market, Seprod dropped 50 cents to close at $71 in an exchange of 3,594 shares, Wisynco Group gained 95 cents to end at $20.90 with investors transferring 41,836 stock units.
In the preference segment, Jamaica Public Service 7% shed $4.68 to end at $45.22 after an exchange of 239 stocks, 
138 Student Living preference share jumped $12 and ended at $107, with 61 units crossing the market and Productive Business Solutions 9.75% preference share dipped $2 in closing at $123 as investors exchanged 1,094 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Junior Market
Trading jumped sharply on the Junior Market of the Jamaica Stock Exchange on Monday, with a 43 percent climb in the volume of stocks traded and the value jumping 156 percent more than Friday after trading took place in 45 securities compared with 43 on Friday and ended with prices of 15 rising, 20 declining and 10 closing unchanged, but the Investor’s Choice bid-offer indicator closed positive at the close suggesting an up day at the start of trading on Tuesday that closes the month and could benefit from the usual end of month rally.
Investors traded 44,475,233 shares for $142,291,683 up from 31,163,597 units at $55,490,400 on Friday as Future Energy led trading with 40.07 million shares for 90.1 percent of total volume, followed by EduFocal with 1.77 million units for 4 percent of the day’s trade and One Great Studio with 758,857 units for 1.7 percent market share.
Trading averaged 988,339 shares at $3,162,037, compared with 724,735 shares at $1,290,474 on Friday, with the month to date, averaging 338,084 units at $794,851 down from 301,689 stock units at $662,359 on the previous trading day. Trading in September closed with an average of 220,239 units at $459,425.
At the close, the Junior Market Index skidded 60.10 points to 3,860.61.
The Junior Market ended trading with an average PE Ratio of 10.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending between November 2023 and August 2024.
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, AMG Packaging advanced 12 cents to close at $2.48, after just 350 stocks passed through the market, CAC 2000 rose 10 cents to $4.10 with shareholders swapping 1,500 units, Cargo Handlers dipped 40 cents to end at $14, with 34 shares clearing the market, Caribbean Assurance Brokers lost 32 cents in closing at $2.57 in an exchange of 3,270 stock units. Caribbean Cream dropped 52 cents and ended at $3.58 with traders dealing in 1,355 shares, Caribbean Flavours fell 8 cents to $1.35 after a transfer of 4,044 stocks, Dolphin Cove rallied 10 cents and ended at $16.20 in trading 477 units, Everything Fresh skidded 12 cents to close at $1.48 after an exchange of 6,144 stock units. Fontana popped 32 cents in closing at $11.48 with a transfer of 26,375 shares, Fosrich shed 10 cents to end at $2.40 and closed with an exchange of 66,265 stocks, Honey Bun declined 20 cents in closing at $6.26 after 757 units changed hands, iCreate shed 11 cents to close at 65 cents, with investors dealing in 53,882 stock units. 
Iron Rock Insurance dropped 18 cents to $2.02 with investors trading 1,922 shares, ISP Finance climbed $3.69 and ended at $30.47 in switching ownership of 29 stock units, Jamaican Teas increased 8 cents to end at $2.28, with 10,122 units changing hands, Jetcon Corporation gained 11 cents to end at $1.01 with an exchange of 110 stocks. Lasco Financial lost 11 cents and ended at $1.89 in trading 5,755 shares, Lasco Manufacturing dipped 8 cents to close at $4.92 with 52,769 stocks crossing the exchange, Limners and Bards fell 19 cents in closing at $1.79 with investors transferring 27,219 units, Mailpac Group skidded 8 cents to end at $2.22 after an exchange of 121,425 stock units. Main Event popped 20 cents to $13.95, with 34,275 shares crossing the market, Medical Disposables declined 85 cents and ended at $2.90 with stakeholders exchanging 17,634 units,
Regency Petroleum lost 8 cents to end at $2.15, with 66,594 stocks crossing the market and tTech increased 18 cents in closing at $2.05 as investors exchanged one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for all JSE Markets on Monday
Trading on the Jamaica Stock Exchange on Monday jumped sharply over Friday’s levels as the Junior Market activity dominated with trading of 44,475,233 shares for $142,291,683 and overshadowing trading in the JSE Main Market, but the markets ended trading with the JSE USD and the Junior Market index plunging and the JSE Market index slipping to close out the day.
At close, the JSE Combined Market Index dropped 1,952.40 points to 328,196.84, while the All Jamaican Composite Index slipped 9.86 points to end at 346,810.45, the JSE Main Index dropped 1,512.64 points to 313,886.52. The Junior Market Index dived 60.10 points to 3,860.61 and the JSE USD Market Index declined 12.69 points to conclude trading at 213.33.
Investors traded 50,369,942 shares in all three markets, up from 36,643,282 stock units on Friday. The value of stocks traded rose on the Junior and Main markets to $158.25 million from $87 million on Friday. The JSE USD market closed after 131,600 shares were traded for US$3,492 compared to 31,673 units at US$7,572 on Friday.
In the preference segment, Jamaica Public Service 7% shed $4.68 to close at $45.22, 138 Student Living preference share advanced $12 and ended at $107 and Productive Business Solutions 9.75% preference share dipped $2 in closing at $123.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 22.7 on 2022-23 earnings and 11.1 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 place them 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 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.
