Dolla domination

Dolla Financial continues to dominate trading on the Jamaica Stock Exchange Junior Market Friday, accounting for 62 percent of the day’s trades with declining volume that resulting in a 38 percent decline in total stocks traded, carrying a 58 percent lower value than on Thursday, but the market closed with a rise in the index as declining stocks outnumbered those rising.
A total of 43 securities traded versus 44 on Thursday, with 16 rising, 20 declining and seven closing unchanged. At the close, the Junior Market Index advanced 25.58 points to settle at 4,389.47.
The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of  Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 19,072,409 shares traded for $61,479,940 versus 30,558,564 units at $148,120,277 on Thursday. Trading averaged 443,544 shares at $1,429,766 in contrast to 694,513 shares at $3,366,370 on Thursday, with the month to date, averaging 446,682 units at $1,716,274, mirroring the 446,876 units at $1,733,899 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Dolla Financial led trading with 11.84 million shares for 62.1 percent of total volume, followed by Mailpac Group with 1.39 million units for 7.3 percent of the day’s trade and iCreate with 872,026 units for 4.6 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped $1.49 to end at $20, trading 1,357 shares, AMG Packaging gained 28 cents in closing at $4.78 after 23,251 stock units changed hands, Blue Power increased 20 cents to $3.55, with 1,111 units crossing the market. Cargo Handlers climbed 40 cents in ending at $12.90, with just 21 stocks crossing the market, Caribbean Cream rose 75 cents to close at $5.50 with an exchange of 38,550 stock units, Consolidated Bakeries fell 7 cents to end at $1.29 in an exchange of 98,456 stocks. Dolla Financial shed 15 cents to close at $2.75 with the swapping of 11,838,670 units, Dolphin Cove popped 13 cents to $17.20, with 57,199 shares clearing the market, Elite Diagnostic slipped 13 cents to $3.32 with an exchange of 119,758 units. Fosrich declined 15 cents in closing at $32.20 after exchanging 112,531 stocks, GWest Corporation rallied 20 cents to $1.20 with 94,499 stock units changing hands, ISP Finance advanced $2 in closing at $22.50 after trading a mere 25 shares. Jamaican Teas shed 11 cents to close at $3.26 in switching ownership of 463,492 stocks, JFP Limited increased 9 cents in ending at $1.54 with 521,484 shares changing hands, Lasco Manufacturing fell 8 cents to end at $4.87 in exchanging 77,853 units. Limners and Bards declined 10 cents in ending at $2.80 while exchanging 42,534 stock units, Lumber Depot gained 10 cents to end at $3.20 in trading 249,442 stock units, Mailpac Group climbed 21 cents in closing at $2.85, with 1,391,162 shares crossing the exchange. Main Event lost $1.01 to close at $7 with 25,488 stocks clearing the market, Medical Disposables rose 18 cents to $7.44 after trading at 600 units, SSL Venture dropped 20 cents in closing at $3.50 after an exchange of 747,970 stock units and tTech declined 55 cents to close at $3.20 in switching ownership of 11,600 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Declining Junior Market

The Jamaica Stock Exchange Junior Market fell at the close of trading on Thursday as declining stocks overwhelmed rising ones by a significant margin, with the volume of stocks declining 43 percent, with a 22 percent lower value than on Wednesday.
A total of 30,558,564 shares traded for $148,120,277 down from 53,578,778 units at $189,107,558 on Wednesday. Trading averaged 694,513 shares averaging $3,366,370 versus 1,275,685 shares at $4,502,561 on Wednesday, with the month to date, averaging 446,876 units at $1,733,899 compared to 430,240 units at $1,624,237 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
A total of 44 securities traded versus 42 on Wednesday, ending with 17 rising, 26 declining and one unchanged. At the close, the Junior Market Index shed 23.25 points to settle at 4,363.89.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Dolla Financial led trading with 12 million shares for 39.3 percent of total volume, followed by MailPac Group, 4.02 million units for 13.1 percent of the day’s trade. JFP Limited traded 3.21 million units for 10.5 percent market share, Lasco Distributors ended with 2.54 million units for 8.3 percent of stocks traded, Fosrich had 2.08 million units being exchanged for 6.8 percent market share and Lumber Depot with 1.85 million units for 6 percent of total volume.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Access Financial gained $1.49 to end at $21.49 in exchanging 2,502 shares, AMG Packaging declined 43 cents ending at $4.50 in trading 446,479 stocks, Blue Power fell 35 cents in closing at $3.35 with the swapping of 1,611 units. CAC 2000 rose 25 cents to $9.20 while exchanging 25 stock units, Cargo Handlers dropped 9 cents to close at $12.50 with 33,168 units clearing the market, Caribbean Cream lost 25 cents to end at $4.75 with an exchange of 6,348 stocks. Dolphin Cove shed 86 cents in closing at $17.07, with 95,777 stock units crossing the market, EduFocal advanced 15 cents to close at $2.80 in switching ownership of 225,554 shares, Elite Diagnostic rose 15 cents to $3.45 in trading 96,759 stock units. Express Catering declined 10 cents after ending at $5.90 in exchanging 1,002 stocks, Fontana rallied 15 cents to close at $10.40 with 79,026 shares crossing the exchange, Fosrich fell $1.64 in closing at $32.35 with 2,083,629 units changing hands. Future Energy Source climbed 16 cents to $6.16 in an exchange of 217,881 units, General Accident popped 19 cents to $5.79 in trading 158 stocks, GWest Corporation shed 15 cents after ending at $1 with the swapping of 1,750 stock units. Honey Bun climbed 48 cents in closing at $8.99 after trading 3,017 shares, iCreate rallied 10 cents to end at $3.30 with 774,143 shares crossing the market, Indies Pharma dropped 19 cents to $3.26 in exchanging 53,924 stocks. ISP Finance shed $2 to close at $20.50 with the swapping of 17 stock units, JFP Limited fell 15 cents to $1.45 in an exchange of 3,205,840 units, Knutsford Express popped 15 cents to $7.95 with an exchange of 2,290 shares. Lasco Distributors rose 20 cents in closing at $3.25 with 2,543,264 units clearing the market, Lumber Depot fell 10 cents to finish at $3.10 with 1,848,293 stocks changing hands, Medical Disposables shed 18 cents to close at $7.26 in switching ownership of 7,032 stock units. SSL Venture declined 15 cents to $3.70 in trading 77,655 units, Stationery and Office Supplies advanced 45 cents to $12.45 in trading 57,510 stocks and Tropical Battery dropped 16 cents to end at $2.92, with 1,127,503 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla falls on the Junior Market

Last week’s newly listed Dolla Financial continued trading as the outstanding Junior Market stock on Wednesday as it had its second best volume changing hands of 43 million units, following Tuesday’s exchange of 63.3 million shares, resulting in a 27 percent fall in the volume of stocks traded, with the value falling 26 percent from that on Tuesday.
Market activity ended with 42 securities trading versus 39 on Tuesday, with 17 rising, 17 declining and eight closing unchanged. The Junior Market Index slipped 2.48 points to 4,387.14 at the close.
The PE Ratio, a measure in computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year ends that fall between November this year and August 2023.
A total of 53,578,778 shares traded for $189,107,558 against 73,506,120 units at $255,054,005 on the Tuesday. Trading averaged 1,275,685 shares at $4,502,561 versus 1,884,772 shares at $6,539,846 on Tuesday with month to date, averaging 430,240 units at $1,624,237 compared to 372,314 units at $1,427,027 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Dolla Financial led trading with 42.67 million shares for 79.6 percent of total volume, followed by Future Energy Source with 2.04 million units for 3.8 percent of the day’s trade. JFP Limited ended with 1.28 million units for 2.4 percent market share, Tropical Battery traded 1.24 million units for 2.3 percent market share and Mailpac Group ended with 1.12 million units for 2.1 percent market share.
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, AMG Packaging rallied 45 cents, ending at a 52 weeks’ high of $4.93 in exchanging 37,033 shares, Cargo Handlers climbed 29 cents to end at $12.59 after trading 30,030 stock units, Caribbean Cream shed 15 cents to close at $5 after exchanging 102 units. Consolidated Bakeries gained 8 cents in closing at $1.37 in switching ownership of 25,287 stocks, Dolla Financial fell 28 cents to close at $2.94 with the swapping of 42,665,413 units, EduFocal dropped 25 cents to $2.65, with 582,179 stocks crossing the exchange. Elite Diagnostic declined by 8 cents in ending at $3.30 and closed with 168,617 shares changing hands, Everything Fresh advanced 8 cents to $1.33 with 82,173 stock units traded, Express Catering rose 55 cents to end at $6 while exchanging 52,950 units. Fontana lost 36 cents in closing at $10.25 as 151,577 stock units crossed the market, Future Energy Source lost 21 cents in closing at $6, with 2,036,493 stocks changing hands, General Accident shed 20 cents in ending at $5.60 with 26,028 shares clearing the market. Honey Bun dropped 49 cents to end at $8.51 with an exchange of 10,146 stocks, Indies Pharma popped 14 cents to close at $3.45 after exchanging 104,147 stock units, Jamaican Teas increased 19 cents to $3.39 in an exchange of 71,874 units. JFP Limited fell 9 cents to close at $1.60 in trading 1,276,630 shares, Lasco Distributors declined 17 cents in closing at $3.05 after 121,964 stocks crossed the market, Lumber Depot fell 10 cents to $3.20 and finishing trading of 232,481 shares. SSL Venture climbed 47 cents ending at $3.85 while exchanging 363,321 units and Tropical Battery increased 30 cents to end at $3.08 in exchanging 1,235,845 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla pushes junior market trading – Tuesday

Trading surged on the Jamaica Stock Exchange Junior Market on Tuesday, with Dolla Financial trading 63 million shares for 86 percent of the total as the volume of stocks that changed hands rose 134 percent and the value 132 percent more than on Monday as 73,506,120 shares changed hands for $255,054,005, up from 31,376,263 units at $109,876,239 on Monday.
Trading averaged 1,884,772 shares at $6,539,846, up from 697,250 shares at $2,441,694 on Monday, with the month to date, averaging 372,314 units at $1,427,027 versus 269,551 units at $1,079,640 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Thirty-nine securities traded down from 45 on Monday, and ended with 26 rising, ten declining and three closing unchanged. The Junior Market Index popped 75.60 points to close at 4,389.62.
The PE Ratio, a measure in computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Trading in Dolla Financial was followed by JFP Limited with 1.51 million units for 2 percent of the day’s trade, Future Energy Source ended with 1.18 million units for 1.6 percent market share and Spur Tree Spices with 1.07 million units for 1.5 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, Access Financial declined 35 cents in ending at $19.95, with 28,293 shares changing hands, AMG Packaging gained 73 cents to close at a 52 weeks’ high of $4.48 in trading 626,836 units, CAC 2000 increased 52 cents to end at $8.90 in an exchange of 5,913 stocks. Caribbean Cream rose 13 cents to $5.15 after exchanging 50,401 stock units, Consolidated Bakeries lost 9 cents in closing at $1.29, with 13,031 shares crossing the market, Derrimon Trading advanced 10 cents to $2.77, with 309,577 stock units changing hands. Dolla Financial rallied 15 cents to end at a record closing high of $3.22 after exchanging 63,282,211 stocks, Dolphin Cove popped 38 cents to close at $17.93 in switching ownership of 104,567 units, EduFocal fell 16 cents in ending at $2.90 while exchanging 542,360 stock units. Elite Diagnostic climbed 8 cents in closing at $3.38 with an exchange of 162,304 shares, Express Catering shed 40 cents to end at $5.45 after trading 8,677 units, Fontana popped 55 cents to $10.61 and closed with 71,528 stocks changing hands. Fosrich advanced $4 in closing at $34, with an exchange of 246,703 units, Future Energy Source gained 11 cents in ending at $6.21 with the swapping of 1,181,766 shares, General Accident climbed 20 cents to close at $5.80, with 1,471 stock units clearing the market. GWest Corporation rallied 18 cents to $1.18 in exchanging 65,495 stocks, Jamaican Teas increased 9 cents in closing at $3.20 in trading 65,327 stocks, JFP Limited rose 7 cents to end at $1.69 in exchanging 1,505,005 units. Lasco Distributors advanced 12 cents to $3.22 after exchanging 10,900 stock units, Lasco Manufacturing increased 49 cents to close at $4.99 after trading 23,099 shares, Limners and Bards popped 10 cents in closing at $2.95, with 473,266 stocks crossing the exchange. Mailpac Group dropped 12 cents to end at $2.68 while exchanging 752,394 units, Medical Disposables jumped $1.15 to $7.45, with an exchange of 32,237 shares, Paramount Trading rose 14 cents to $1.99, with 64,151 stock units crossing the market. Spur Tree Spices rallied 22 cents to close at $3.97 after exchanging 1,070,114 shares, SSL Venture fell 61 cents to end at $3.38 with the swapping of 497,082 stock units and tTech climbed 63 cents to $3.75 in switching ownership of 264 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla Financial cools off

Trading in Dolla Financial cooled off on Tuesday, but with trading of 63.3 million shares, the largest daily amount so far since the shares were listed last week and bettering the 19 million units traded on Monday, as the price topped out at $3.60, but ended the day at $3.22.
The Main and Junior Markets rose and helped to push the JSE Combined Index up 1,243.59 points to close at 396,281.77.
The All Jamaican Composite Index rose 501.91 points to 435,913.02, the JSE Main Index rallied 603.43 points to 381,610, the Junior Market index rose a strong 75.60 points to 4,389.62 and the JSE USD market index slipped 1.28 points to close at 212.55.
Investors exchanged 87,888,049 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $718.5 million and in the JSE USD market, US$11,186.
The market’s PE ratio ended at 24.9 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 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 listed 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.

Dolla Financial jumps to $3.07

Dolla Financial led trading on the Jamaica Stock Exchange Junior Market on Monday, with 19 million shares for 61 percent of total volume and was the major contributor to the Market Index surging, 111.58 points to 4,314.02. Dolla helped to push the volume of stocks traded by 143 percent more and the value 118 percent more than on Friday as the price jumped 207 percent above the IPO price of $1 to close at $3.07.
All but one of the 46 listed securities traded, up from 41 on Friday, with 23 rising, 14 declining and eight unchanged. JFP Limited was the second highest traded stock, with 3.96 million units for 12.6 percent of the day’s trade and Mailpac Group with 1.0 million units for 3.2 percent of market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 31,376,263 shares traded for $109,876,239 up sharply from 12,919,546 units at $50,357,697 on the Friday. Trading averaged 697,250 shares at $2,441,694 versus 315,111 shares at $1,228,237 on Friday, with month to date, averaging 269,551 units at $1,079,640 compared to 233,169 units at $963,775 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial slipped 15 cents to $20.30 after exchanging 6,520 shares, AMG Packaging declined 19 cents in closing at $3.75, with 9,621 stock units crossing the market, CAC 2000 rallied 76 cents to end at $8.38, with 105 stocks changing hands. Cargo Handlers gained $1.24 to close at $12.30 in exchanging 19 units, Caribbean Flavours advanced 25 cents to end at $2.05 and trading of 12,726 units, Consolidated Bakeries rose 8 cents to $1.38 in switching ownership of 287,978 stocks. Dolla Financial popped 75 cents to end at a record $3.07 after closing with 19,097,416 shares changing hands, Elite Diagnostic dropped 25 cents to $3.30 in exchanging 27,569 stock units, Express Catering rose 40 cents to $5.85 with the swapping of 655 stocks. Fontana shed 74 cents to close at $10.06 while exchanging 97,588 stock units, Fosrich fell $1 to end at $30 after trading 511,763 units, Future Energy Source gained 10 cents after finishing at $6.10, with 831,157 shares crossing the exchange. iCreate increased 29 cents in closing at $3.24 after trading 979,125 stocks, Jamaican Teas rose 11 cents to $3.11 with an exchange of 126,602 shares, Jetcon Corporation gained 18 cents to close at $1.43, with 717,968 units changing hands. JFP Limited climbed 12 cents to $1.62, with 3,960,786 stock units clearing the market, Knutsford Express advanced 80 cents to end at $7.80 in trading 2,627 stock units, Lasco Distributors dropped 25 cents to $3.10, with 88,898 units crossing the market. Lasco Manufacturing fell 45 cents to close at $4.50 after an exchange of 192,961 shares, Mailpac Group declined 12 cents to $2.80 after trading 1,003,316 stocks, SSL Venture popped 29 cents ending at 52 weeks closing high of $3.99 while exchanging 472,549 shares. Stationery and Office Supplies lost 45 cents to $12, trading 226,133 stock units and tTech shed 38 cents to end at $3.12 as 1,850 units changed hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla Financial 207% 4 days’ gains

Trading in Dolla Financial pushed the price to a maximum permitted for the day at $3.07, up 207 percent since listing last week, resulting in the biggest day of trading so far in the stock, with 19 million units and helped in pushing the Junior Market index up a solid 111.58 point to 4,324.02.
Dolla closed, with 31.5 million units to buy on the bid at $3.07, with only a few million units on offer. Activity in the Junior Market helped to push the JSE Combined Index up 514.73 points to close at 395,038.18.
The All Jamaican Composite Index slipped 860.46 points to 435,411.11, the JSE Main Index fell 521.64 points to 381,006.57 and the SE USD market index popped 2.90 points to close at 213.83.
Investors exchanged 45,540,179 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $332.5 million and in the JSE USD market, US$46,352.
The market’s PE ratio ended at 24.4 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate 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 listed 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.

Big bounce for Junior Market on Friday

The Junior Market Index jumped 80.94 points to 4,202.44 on Friday, after Dolla Financial jumped nearly 33 percent to close at $2.32 and Fosrich surged $3.51 to $30.30, and the volume of stocks traded rising 127 percent and the value 100 percent over Thursday.
A total of 41 securities were traded versus 39 on Thursday and ended with 18 rising, 13 declining and 10 closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 12,919,546 shares traded for $50,357,697 compared to 5,679,261 units at $25,210,590 on Thursday, but trading is being stifled by the limitation of the circuit breaker places on daily price movement delaying the market from finding the equilibrium price that will encourage more selling to match demand. Trading averaged 315,111 shares at $1,228,237 on Friday, in contrast to 145,622 shares at $646,425 on Thursday, with the month to date, averaging 233,169 units at $963,775 compared to 226,284 units at $941,556 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
Dolla Financial led trading with 2.35 million shares for 18.2 percent of the total volume, followed by Express Catering with 1.88 million units for 14.6 percent of the day’s trade, Spur Tree Spices with 1.33 million units for 10.3 percent market share and Lumber Depot ended  1.24 million units for 9.6 percent market share.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging rallied 34 cents in closing at $3.94 while exchanging 69,630 stock units, CAC 2000 fell $1.29 to close at $7.62 after 4,535 stocks were traded. Cargo Handlers declined $1.04 to $11.06, with 1,478 units crossing the exchange, Caribbean Flavours shed 18 cents to end at $1.80 with an exchange of 16 stocks, Dolla Financial rose 57 cents ending at a record $2.32, in exchanging 2,347,737 shares, Dolphin Cove increased 95 cents in closing at $17.61, with 37,154 shares changing hands. EduFocal advanced 35 cents to close at $3 after exchanging 932,280 units, Elite Diagnostic popped 25 cents to end at $3.55 trading 140,893 stock units, Express Catering dropped 45 cents to $5.45 in switching ownership of 1,881,381 shares. Fontana lost 18 cents in ending at $10.80 in an exchange of 84,961 stock units, Fosrich climbed $3.51 to $31 after exchanging 174,799 stocks, Future Energy Source gained 10 cents to close at $6 with the swapping of 876,003 units. General Accident dropped 30 cents to end at $5.60 with 2,050 stocks crossing the market, Honey Bun climbed 11 cents in closing at $8.97 in trading 10,467 shares, Indies Pharma declined 9 cents to $3.20 with 43,586 units clearing the market. Knutsford Express lost $1 in closing at $7, with 24,150 stock units crossing the market, Lasco Manufacturing gained 34 cents in ending at $4.95 after trading 112,040 shares, Limners and Bards fell 17 cents to end at $2.81, with 46,976 stock units crossing the exchange after trading at a 52 weeks’ intraday low of $2.63. Mailpac Group popped 27 cents to close at $2.92 trading 373,448 units, Main Event shed 20 cents to $8 with 13,581 stocks clearing the market, Spur Tree Spices rose 28 cents to $3.70 with 1,331,758 units changing hands. SSL Venture advanced 85 cents to a 52 weeks’ high of $3.70 trading 681,994 stock units and Tropical Battery rallied 13 cents to end at $2.75 after an exchange of 519,338 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla Financial gains 132% in 3 days

Investors demanding more stocks in the recent IPO issue, Dolla Financial that opened trading this week, bought 2.35 million on Friday, the most since listing on Wednesday, but had to pay $2.32 for them, but that did nothing to quench the 65 million units bid at the close at $2.32, the maximum permitted for the day as the stock rose 132 percent since listing.
Based on the lopsided bid to offer, the stocks seem poised to hit the maximum on Monday at 3.07 as investors fight to get stocks.
The Junior Market index delivered the best performance for investors with the Index surging a solid 80.93 points to 4,202.44 as it helped the JSE Combined Index rally 423.59 points to close at 394,523.44.
The All Jamaican Composite Index slipped 101.02 points to 436,271.57, the JSE Main Index fell 324.63 points to 381,528.21 and the SE USD market index dipped 3.59 points to close at 210.93.
Investors exchanged 30,725,425 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $304.2 million and in the JSE USD market, US$13,970.
The market’s PE ratio ended at 23.9 based on 2021-22 earnings and 12.9 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate 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 listed 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.

Junior Market rises on Thursday

Stocks mostly rose in trading on the Jamaica Stock Exchange Junior Market on Thursday, with the market Index jumping 43.54 points to 4,121.50 after ending with 21 stocks rising, ten declining and eight closing unchanged, from 39 securities traded, similar to Wednesday, with the volume and the value of stocks traded declining by 27 percent and the value 22 percent respectively, compared to Wednesday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.8.
The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Overall, 5,679,261 shares traded for $25,210,590 compared to 7,761,840 units at $32,254,673 on the Wednesday. Trading averaged 145,622 shares at $646,425 in contrast to 199,022 shares at $827,043 on Wednesday, with the month to date, averaging 226,284 units at $941,556 compared to 233,291 units at $967,191 on the previous trading day. May closed with an average of 376,907 units at $1,638,631.
JFP Limited led trading with 1.56 million shares for 27.5 percent of total volume, followed by Future Energy Source with 507,493 units for 8.9 percent of the day’s trade and Dolla Financial with 365,198 units for 6.4 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power lost 9 cents in closing at $3.70 in an exchange of 200 stock units, CAC 2000 jumped $1.31 to $8.91 in exchanging 5,589 stocks. Dolla Financial advanced 43 cents to a record $1.75, with 365,198 shares clearing the market, Dolphin Cove rallied $1.42 to close at $16.66, with 172,914 units crossing the exchange, Everything Fresh climbed 7 cents to $1.25 and closed with an exchange of 42,575 stocks, Fontana popped 98 cents to $10.98 after exchanging 352,707 stock units. Fosrich shed 91 cents in closing at $27.49 with the swapping of 225,953 shares, Future Energy Source rose 20 cents in ending at $5.90, with 507,493 units crossing the market, General Accident fell 10 cents to close at $5.90, with 742 stocks changing hands. iCreate gained 7 cents to end at $2.94 with an exchange of 25,566 shares, Lasco Distributors advanced 26 cents to $3.36 after trading 46,000 stock units, Lasco Manufacturing increased 11 cents to end at $4.61 with an exchange of 50,338 units. Main Event rallied 70 cents ending at $8.20 after exchanging 550 stock units, Paramount Trading climbed 10 cents to close at $1.85 in trading 68,667 shares, SSL Venture rose 8 cents in closing at a 52 weeks’ high of $2.85 while exchanging 305,581 stocks and tTech dropped 19 cents in closing at $3.50, with 160 units crossing the market.
In the preference segment, CAC 2000 9.5% preference share gained 14 cents in, ending at $1.16 after 487 stocks switched owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.