The Junior Market of the Jamaica Stock Exchange took another 37 points hit on Tuesday, following a similar decline on Monday, with the volume of stocks traded declining 20 percent but with a 35 percent greater value than on Monday after trading took place in 43 securities, down from 46 on Monday and ended with 17 rising, 19 declining and seven closing unchanged.
A total of 22,074,785 shares were exchanged for $73,296,318 compared to 27,627,621 units at $54,220,421 on Monday.
Trading averaged 513,367 shares at $1,704,566 down from 600,600 units at $1,178,705 on Monday, with the month to date averaging 242,042 stock units at $625,922 compared to 220,674 stock units at $540,974 on the previous day. November averaged 259,893 units at $711,335.
Future Energy Source led trading with 10.67 million shares for 48.4 percent of total volume, followed by Regency Petroleum with 5.64 million units for 25.5 percent of the day’s trade, ONE on ONE Educational with 1.57 million units for 7.1 percent of the day’s volume and MFS Capital Partners with 1.23 million units for 5.6 percent market share.
At the close, the Junior Market Index dropped 37.30 points to 3,818.73.
The PE Ratio, a measure of computing appropriate stock values, averages 11.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for financial year ends that fall between November this year and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell $1.90 to end at $21.10 and closed after 3,429 shares were traded, Blue Power lost 45 cents in closing at $2.74 with a transfer of 4,590 units, Cargo Handlers rallied 50 cents ending at $12.50, with 1,600 stocks clearing the market. 
Caribbean Assurance Brokers advanced 30 cents to $2.15 with investors transferring 700 stock units, Fontana rose 21 cents to close at $9 with the swapping of 47,010 shares, Future Energy Source dipped 11 cents to $4.71 while 10,673,967 stock units passed through the market. Honey Bun climbed 35 cents in closing at $7 in an exchange of 34 stocks, iCreate increased 24 cents to $2.11 in switching ownership of 37,255 units, Indies Pharma gained 19 cents to close at $2.79 with an exchange of 61,150 stocks. Iron Rock Insurance popped 39 cents ending at $2.39 in exchanging 20,020 stock units, Knutsford Express dropped $1 to close at $8 after trading 8,063 shares, Lasco Manufacturing shed 30 cents to $3.95 while exchanging 4,009 units. Main Event advanced 10 cents to end at $9.60 as investors exchanged 10,095 units, MFS Capital Partners declined 79 cents in ending at $2.36, with 1,226,152 stock units crossing the market, Paramount Trading shed 17 cents in closing at $1.53 in trading 6,358 shares. 
Stationery and Office Supplies declined 30 cents, ending at $13 with an exchange of 21,568 stocks and tTech rallied 34 cents to $2.59 after exchanging 151 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks dominate JSE USD Market
The volume and value of stocks trading on the Jamaica Stock Exchange US dollar market dropped sharply on Wednesday, with the volume dropping 20 percent after 73 percent less funds passed through the market compared to Tuesday, resulting in eight securities changing hands, compared to six on Tuesday with prices of four rising, two declining and two ending unchanged.
Overall, 834,596 shares were traded for US$15,756 from 1,042,094 units at US$58,208 on Tuesday.
Trading averaged 104,325 units at US$1,969, versus 173,682 shares at US$9,701 on Tuesday, with the month to date average of 33,913 shares at US$3,363 against 30,414 units at US$3,432 on the previous day. October ended with an average of 40,972 shares for US$2,277.
The JSE US Denominated Equities Index gained 5.92 points to end at 228.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share lost 0.05 of a cent in closing at 7.94 US cents with investors transferring 263 shares, Margaritaville remained at 14 US cents in an exchange of just one stock unit, MPC Caribbean Clean Energy dropped 10 cents to close at 55 US cents after 731 units were traded. 
Proven Investments rallied 1.8 cents to 19.9 US cents after 24,457 stocks were traded, Sterling Investments gained 0.08 cents to end at 2.08 US cents in switching ownership of 5,000 stocks, Sygnus Real Estate Finance USD share rose 0.5 of a cent to 11 US cents with four shares crossing the exchange and Transjamaican Highway popped 0.08 of a cent in closing at 0.98 of one US cents with a transfer of 801,169 shares.
In the preference segment, JMMB Group 6% ended at US$1 while exchanging 2,971 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading on the JSE – Friday
The Junior Market and the USD Market rose in trading on Friday but the Main Market of the Jamaica Stock Exchange declined moderately, resulting in the JSE Combined Index, a measure of the overall market, falling 143.83 points to close at 369,477.68.
The All Jamaican Composite Index dropped 500.21 points to 406 374.06, the JSE Main Index fell 358.44 points to 355,737.49, the Junior Market Index shed 21.06 points to 4,099.20 and the JSE USD market Index popped 0.39 points to close at 212.41.
Trading ended, with 21,014,171 shares changing hands, at $114.5 million, up from $107.9 million, with 24,727,814 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$5,262 from US$18,682 on Thursday.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 12.6 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 investment decisions by 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.
All Jamaican Stock Exchanges drop
All three markets of the Jamaica Stock Exchange lost ground on Wednesday resulting in the JSE Combined Index, a measure of the overall market, falling 1947.06 points to close at 371,435.30.
The All Jamaican Composite Index dropped points to 408,537.02, the JSE Main Index fell 1,835.87 points to 357,666.75, the Junior Market Index shed 25.60 points to 4,116.34 and the JSE USD market Index slipped 1.87 points to close at 215.17.
Trading ended, with 14,099,659 shares changing hands, at $91 million, down from $66.78 million, with 15,816,154 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$14,727 from US$85,810 on Tuesday.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 12.7 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 investment decisions by 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.
ONEonONE up 32% on debut
The Jamaica Stock exchange welcomed its 100 company listing on Thursday, with OneOnOne Educational listed on the Junior Market with the price rising 32 percent on its opening day to close at $1.32 the maximum permitted for the day but the stock closed with strong demand at the closing price and little selling under $2.
Ricardo Allen CEO of One to One
At the close of trading, the JSE Combined Index, a measure of the overall market, rose 1,153.03 points to 374,578.03. The All Jamaican Composite Index popped 561.84 points to 408,944.09, the JSE Main Index rallied 1,464.43 points to 360,759.12, the Junior Market Index slipped 23.69 points to 4,144.36 and the JSE USD Market Index rose 8.22 points to 213.78.
Trading ended with 50,351,650 shares changing hands with a value of $504.95 million, versus $1.1 billion, with 96,932,851 shares traded in the overall market on Wednesday. The JSE USD market ended with the value of stocks traded at US$24,695 and US$6,401 on the previous trading day.
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.4 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 investment decisions by 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.
Another mixed day of trading for JSE stocks
The Jamaica Stock Exchange Main Market indices picked up some points on Tuesday but the Junior Market and the JSEUSD markets recorded a modest fall, resulting in the JSE Combined Index a measure of the overall market, rising 544.73 points to 371,605.77, with a rise in the value of stocks traded.
The All Jamaican Composite Index dropped 2,541,98 points to 407,422.08, the JSE Main Index rose 619.64 points to 357,814.48, the Junior Market Index dipped 3.86 points to 4,119.65 and the JSE USD market Index slipped 2.48 points to 202.32.
Trading ended with 18,943,371 shares changing hands with the value jumping to $158.2 million, from $115 million, with 40,760,502 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$98,429 versus US$14,534 on the previous day of trading.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 12.4 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 investment decisions by 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.
6.4% Q1 growth for Jamaica
The Jamaican economy grew by 6.4 percent during the first quarter of 2022 over the first quarter of 2021 due to growth in both the Services and Goods producer sectors, the Planning Institute of Jamaica reported, which comes against a fall of 6.7 percent in the first quarter of 2021 due to the 9.9 percent fall in service industries.
Tourism sector growth surged 107%.
Services and Goods Producing Industries recorded growth of 8.9 percent and 0.4 percent respectively, the Statin stated. All industries within the Services Industries grew. Growth in the Hotels & Restaurants was the most outstanding after surging 107.1 percent.
Wholesale and Retail Trade; Repairs; Installation of Machinery and Equipment, Transport, Storage and Communication increased by a more sedate 8.8 percent, Other Services rose by 12.4 percent.
Higher output levels were recorded for Agriculture, Forestry and Fishing up 8.2 percent, Manufacturing 4 percent and Construction 3.5 percent. The mining and quarrying industry declined by 60 percent.
The economy grew by 8.2 percent for the fiscal year ending March 2022 compared to the previous fiscal year but slipped by 1.2 percent against the 2021 fourth quarter.
Dolla Financial gains 32% on debut
Dolla Financial was listed on the Jamaica Stock Exchange Junior Market on Wednesday, with the price hitting the maximum permitted for the day at $1.32, up 32 percent from the IPO price of $1 with trading in only 63,940 shares after the online trading platform frooze up for some time preventing investors from interacting with the market for almost an hour. At the close of trading, there were 45 million units on the bid at $1.32, and just over 30 million at $1.30, with less than 300,000 on the offer below $2.
At the close of trading, the Main and USD Indices, Junior Market and the USD market all slipped moderately, with the JSE Combined Index falling 394.65 points to 395,090.66.
The All Jamaican Composite Index lost 332.58 points to 437,611.11, the JSE Main Index fell 219.82 points to 383,330.79, and the Junior Market index slipped 21.05 points to 4,077.96 and the SE USD market index dipped 1.02 points to close at 217.95.
Investors exchanged 16,183,710 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $79.8 million and in the JSE USD market, US$$34,212.
The market’s PE ratio ended at 23.6 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 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 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.
Paramount Trading joins ICTOP10
Dolla Financial Services IPO was heavily oversubscribed, and it is unlikely that investors will be able to buy the stock in the secondary market at a price that would place it in the TOP10 after day two of listing. Accordingly, the stock has been moved to the sideline, but it seems set to reach the $3 region sometime after listing.
The shifting of Dolla Financial out of the TOP10 resulted in Paramount Trading entering the TOP10 with the price falling to $1.75 in a week that saw investors selling stocks to raise funds to get into the IPO issue.
The past week was volatile, with the Junior Market index dropping more than 330 points or 7.6 percent from the close of the previous week to Wednesday, as investors sought funds to go into the Dolla IPO. The selloff was visible from May 12 with a near 100 points fall on that day as there was talk in the market of the pending issue.
This week’s pullback of the market resulted in mostly declines in the TOP10 Junior Market stocks. Medical Disposables dropped 13 percent to $7, while Access Financial also dropped 13 percent to close at $20, Elite Diagnostic slipped 9 percent in closing at $3.60 and Lasco Financial dipped 7 percent to $3.30.
For the TOP10 Main Market stocks, Berger Paints fell 13 percent to $10.63; Radio Jamaica declined 11 percent to $2.55, VM Investments lost 7 percent, followed by QWI Investments down 6 percent to 85 cents. There were no meaningful gains.
During the week, General Accident reported first quarter results with profit due to shareholders of the parent company rising 36 percent to $49 million, Friday after trading, Lasco Distributors reported profit increasing 12 percent for the full year to $1 billion but the final quarter being up 35 percent to $241 million and Lasco Manufacturing rising 45 percent in the March quarter to $522 million and the full year up 24 percent to $1.7 billion.ICInsider.com upgraded earnings for Lasco Distributors to 50 cents from 45 cents, but the others remain as previously stated. All three stocks are trading below ten times 2022 earnings and therefore have huge potential to appreciate.
Results for Access Financial and Medical Disposables to March are awaited.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 14.4, while the Junior Market PE for the Top 10 sits at 5.9 versus the market at 13.1. The Junior Market TOP10 is projected to gain an average of 245 percent to May 2023 and the Main Market 241 percent.
Watch these stocks that sit just outside the TOP10 that investors should watch. They include Key Insurance, followed by Caribbean Producers and Scotia Group from the Main Market. In the Junior Market, Iron Rock Insurance, Dolphin Cove, Jetcon Corporation, Stationery and Office Supplies and Lasco Manufacturingreported strong fourth quarter results to March this year.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
SSL Venture Ownership change
The majority shareholder of SSL Venture Capital Jamaica, switched this afternoon to MFS Acquisition Limited, an attorneys for the deal disclosed.
From all indications, Stocks and Securities were the only major seller with 69.08 percent of the shares. SSLVC traded on the Jamaica Stock Exchange at $1.80 on Wednesday, well up on the less than 10 cents the majority ownership was switched at.
This is the second time that the majority ownership in the company has shifted.
