Stocks prices fell across the market, resulting in big declines at the close of trading on Thursday, in both the Main Market and the Junior Market as investors gather funds for the latest initial public offering to come to the market and opens on Monday coming.
The Jamaica Stock Exchange Combined Index skidded 6,194.03 points to end at 402,773.74 as the All Jamaican Composite Index fell 4,913.82 points to 446,678.54 and the Junior Market dropped 74.82 points following declines of 58.44 points on Wednesday and 92.56 points on Tuesday in closing at 3,833.15 and the JSE Main Index lost 5,907.44 points to 393,843.52.
The market’s PE ratio ended at 17.3 based on 2021-22 earnings and 12.3 times those for 2022-23 at the close of market activity on the Jamaica Stock Exchange.
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 along with the more detailed daily report charts provide investors with daily updated information to help with decision making.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also show 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.
Big drop for JSE stocks again on Thursday
JSE stocks lost more ground on Wednesday
Stocks slipped further in trading on Wednesday, with the Jamaica Stock Exchange Combined Index sliding 2,017.89 points to 408,967.77 as the Junior Market suffered 58.44 points fall following the 92.56 points drop on Tuesday, in settling well under the 4,000 points level at 3,907.98 and the JSE Main Index lost 1,604.51 points to close at 399,750.97.
The market’s PE ratio closed at 17.6 based on 2021/22 earnings and 12.6 times those for 2022/23, at the close of trading on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. ICInsider.com introduces a chart of all ordinary shares listed on the exchange that allows investors to see the values of stocks stacked against their immediate peers.
The accompanying ICInsider.com PE chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one-time income or expenses. The PE Ratio is the most popular measure used to determine the value of stocks.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also show closing volume for the bids and offers.
Jamaica stocks lost ground on Tuesday
Stocks slipped in trading on Tuesday with the Jamaica Stock Exchange Combined Index skidding 521.04 points to close at 410,985.67 points as the Junior Market suffered a 92.56 points fall of 2.33 percent.
The market’s PE ratio slipped to 17.5 based on 2021/22 earnings and 12.7 times those for 2022/23 at the close of trading on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. ICInsider.com introduces a chart of all ordinary shares listed on the exchange that allows investors to see the values of stocks stacked against their immediate peers.
The accompanying ICInsider.com PE chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one time income or expense. The PE Ratio is the most popular measure used to determine the value of stocks for a formula for computing appropriate stock values, averages 17.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also show the closing volume for the bids and offers.
A brand new ICInsider chart
Stocks made more gains in trading on Monday and reflected in a strong increase in the Jamaica Stock Exchange Combined Index that climbed 1214.35 points to close at 411,506.70, the market’s PE ratio rising to 17.7 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. ICInsider.com introduces a chart of all ordinary shares listed on the exchange that allows investors to see the values of stocks stacked against their immediate peers.
The accompanying ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one time income or expense. The PE Ratio is the most popular measure used to determine the value of stocks.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also show the closing volume for the bids and offers.
Juniors recover from covid Main Market suffering
On Monday 24 of January, the Junior Market index reached to 3,700 mark for the first time and went on to record seven consecutive days of record closing highs, with the close on the 27 at 3,669.73 and peaking for that week at 3,717.45 on Friday, January 28, by Friday last week, the market which hit an intraday record high of 4,051.04 ended at a new closing high of 3,985.87 to be up 16.3 percent for the year to date and up just 37 percent from the pre-pandemic crash and 96 percent from the low in March 2020.
On the surface, the Junior Market has had a full recovery from the 2020 Covid-19 induced collapse that saw the index collapsing from 2,900 points at the end of February to 2,534 points on March 6 and bottoming out at 2,031.79 points on March 18 for a plunge of 39 percent from the start of 2020, and much more after peaking at 3,662 points in mid-August 2019.
A closer look at the market indicates there are elements of the market that are not back, with many stocks still trading below their pre-covid-19 levels. This group includes Access Financial that was at $32.94, just before the collapse, and is now at $25, Blue Power at $4.52 then and is now at $3.20, CAC2000 ordinary share then at $12.50, now $8.25, Consolidated Bakeries at $1.79, and now trading at $1.05, Jetcon Corporation at a $1.31, currently 94 cents, Knutsford Express at $11 in 2020, presently at $8, Main Event at $5.79 and now trades at $4 and Stationery and Office Supplies $8.86 it last traded at to be $6.
While the Junior Market has made great strides since hitting the 2020 low, the same is not the case for the heavily financially weighted Main Market that continues to be mired in depression following the initial sharp fall in March 2020 when the market fell precipitously to 375,091.09 points on the All Jamaican Composite Index from 529,722.22 at the end of February, for a 29.2 percent decline. As o Friday last the market is only up 20 percent from the March 2020 market bottom and 15 percent below the end of February 2020 level, and still well below the all-time high of 584,697.71 it closed on August 8, 2019. The major reason for the prolonged decline is primarily due to falling in stocks such as a Jamaica Stock Exchange, Kingston Wharves, NCB Financial, PanJam Investment, Proven Investments, Palace Amusement, Sagicor Group, Sagicor Select Funds, Scotia Group, Supreme Ventures, Sygnus Credit Investments, Wighton Windfarm. Strong gains in Barita Investments, Grace Kennedy, Caribbean Cement, Caribbean Producers, Salada Foods, Seprod and Radio Jamaica could not negate the effect of the big decliners.
Junior Market cracks 4,000 mark
The Jamaica Stock Exchange Junior Market index traded over 4,000 points for the first time in its history.
Junior Market breaks the 4,000 mark at the opening of trading of the market on Thursday in putting on 92.34 points to 4,041.54 seconds after the open.
The market that ad five consecutive days of record close was breaking into the 4,000 level for the first time and is up just under 18 percent since the start of the year. With just over 30 minutes of trading, the Junior Market is at 4,025.25.
At the same time, the JSE All Jamaican Composite Index is up to 445,861.22 from 443,955.09 at the close on Wednesday as it continues to slowly move forward from a support base of 430,000 points.
Trading in two recent high flyers Dolphin Cove and Caribbean Producers have been halted as the prices fell sharply from $28.50 to $21.96 and from $20 to $16 respectively. Express Catering stock is also frozen at $7.20 from $6.25 on Wednesday.
New record high for Junior Market
The JSE Junior Market is trading at yet another record high in Tuesday market activity with the market index putting on 82.83 points to 3,833.09 after 90 minutes of trading. The market has broken out from the area of resistance that pinned it in the 3,400 level from May last year and finally broke loose in the middle of January.
If the market holds at these levels it would represent a break from the channel that goes back to March of 2020 and place it on track for more gains and higher levels for the market.
In Tuesday’s trading Caribbean Producers rose to $24.50, Dolphin Cove moved up to a record $29.94, Fontana climbed to a record $10.50.
In the Main Market, Caribbean Producers rose to $24.35 as that market All Jamaican Composite Index is at 447,4388.57, up from 445,492.59 on Monday.
Junior Market at record high
The Junior Market is trading at record high at the start of Monday trading at 3,700.02 points after surging 114.27 points and exceeding the record close of 3,662.94 points on August 14, 2019.
New record high for the JSE Junior Market.
The JSE Main market All Jamaican Composite Index jumped 3,232.66 points to trade at 442,490.38 within 25 minutes of the opening.
In trading Access Financial Services is up by $1 to $26, Caribbean Insurance Brokers rose 24 cents $2.90, Dolphin Cove gained to $1 to $23, Fosrich was up 21 cents to $14.44, Fontana gained 33 cents to $8, Lasco Distributors rose 12 cents to $3.25, Lasco Financial is up 21 cents to $3.27 followed by Lasco Manufacturing is up 38 cents to $4.98. Main Event rose 50 cents to $4.50, Paramount Trading rose 21 cents to $1.62 and SSL Venture Capital rose 41 cents to $1.69 following news of a proposed acquisition of 79 percent of the company’s shares.
In the Main Market, Caribbean Producers rose 61 cents to a new high of $16.50 and NCB Financial put on $2.13 to $130.
The Junior Market rise conforms to ICIsider.com report that the market was poised to make a big break from the consolidation around the 3,300 points mark and head to over 4,000 points.
JSE starts New Year with a bullish tone
Investors kept up the bullish stance in trading on the Jamaica Stock Exchange on the first trading day of the year with the All Jamaican Composite Index surging 8,895.04 points to 447,223.41, up from 438,328.37 at the close on Friday, with the Junior Market index(AJI) rising 45.88 points to 3474.18 from 3,428.30 on Friday.
By 10 am, the AJI had slipped down to 445,676.67 and the Junior Market index pulled back to 3,470.99.
On the Junior Market, Dolphin Cove jumped from $15 on Friday to $16.90 after trading 77,539 shares, Cargo Handlers dropped from $8.25 on Friday to $7.01 and MailPac fell from $3.78 to $3.50 and In the Main Market, NCB Financial fell from the last sale price of $128.70 to $125.
Carib Producers Top stock of the year & Juniors up 30%
The Jamaica Stock Exchange Junior Market closed out 2021 with the market Index climbing 29.7 percent to settle at 3,428.30 points while the JSE Main Market index rose a mere one percent to end at 396155.61 points, the JSE USD market closed at 195.51 points for a yearly gain of just 4.99 percent.
Caribbean Producers gained 364% in 2021.
The Junior Market had 32 winners and nine losers, with 2021 newly list Future Energy Source, rising a substantial 266 percent, Fosrich was up 155 percent with rising profit, Jamaica Teas that had a gallant year helped by its investment arm posting positive results and helping to post increased profits for the year and Lumber Depot, with improved results for the year, both companies had a 99 percent rally, followed by ISP Finance up 95 percent.
The JSE main market had 24 stocks rising between one percent and a high of 364 percent. 
Caribbean Producers was switched from the Junior Market in July this year to the Min Market with the price under $5 and ended the year as the best performing stock in the overall market with a towering gain of 364 percent with the price closing at $13. Had the switch not taken place the Junior Market would have recorded greater gains than it did. Ciboney rose 221 percent as investors speculated heavily on it and Salada Foods jumped 117 percent, with the bulk of the increase coming as a result of a misunderstanding about the stock value. The price is likely to suffer a sharp correction in 2022. 
Eppley Property gained 68 percent followed by Radio Jamaica with a 61 percent rise following big gains in profit for the half year that ended in September, this year and GraceKennedy rose 58 percent helped by continued growth in profit.
The average gain for the Junior Market stocks were 48 percent from 32 companies and a total of nine stocks lost an average of 16 percent in the Junior Market with the highest loss being 45 percent clocked up by CAC 2000.
The average gain for the Main Market stocks was 52 percent from 22 stocks and a total of 21 stocks lost an average of 15 percent in the Main Market with the highest loss being 33 percent clocked up by 1834 Investments and Wigton Windfarm.