Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded jumping 135 percent and the value 64 percent more than on Friday, with trading in 58 securities compared with 53 on Friday, with prices of 23 stocks rising, 19 declining and 16 ending unchanged.
The market closed with 35,567,325 shares trading for $139,024,409 up from 15,118,549 units at $85,008,912 on Friday.
Trading averaged 613,230 shares at $2,396,973 compared with 285,256 units at $1,603,942 on Friday and month to date, an average of 259,799 units at $1,171,340, in comparison with 207,372 units at $989,533 on the previous day and January closing with an average of 265,804 units at $2,438,118.
QWI Investments led trading with 13.42 million shares for 37.7 percent of total volume, following one major seller and two main buyers, followed by Wigton Windfarm with 8.98 million units for 25.3 percent of the day’s trade, Transjamaican Highway ended with 5.22 million stock units for 14.7 percent market share, Mayberry Group finished trading with 1.31 million units for 3.7 percent of the overall volume, Carreras chipped in with 1.26 million stocks for 3.5 percent stocks traded and Sagicor Select Financial Fund with 1.04 million units for 2.9 percent of total volume.
The All Jamaican Composite Index dropped 775.69 points to end at 370,745.49, the JSE Main Index shed 467.96 points to close trading at 334,783.44 and the JSE Financial Index shed 0.22 points to end at 71.80.
The Main Market ended trading with an average PE Ratio of 13.7. 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 around August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments gained 93 cents to end at $71.20 in trading 144,505 units, Berger Paints climbed 46 cents and ended at $6.23 with 100 stocks clearing the market, Caribbean Cement rose 49 cents in closing at $54 with investors dealing in 5,877 shares. Eppley declined $4.50 to end at $34 with a transfer of 447 stock units, Guardian Holdings shed $8 to close at $360 with investors swapping 539 shares, Jamaica Broilers advanced 50 cents to $34.50 in an exchange of 24,238 stocks. Jamaica Producers dropped $1.45 in closing at $23.55, with 274,748 units crossing the market,
JMMB Group fell 94 cents to $25.44 as investors traded 535,797 stock units, Kingston Wharves popped $2.50 to end at $30.50 after 38,792 shares were traded. Massy Holdings gained $1 and ended at $100 with investors transferring 594 units, NCB Financial rallied 60 cents to $68.50 after exchanging 43,508 stocks, Sagicor Group skidded 49 cents and ended at $43.50, with 54,195 stock units crossing the market. Salada Foods rose 35 cents to close at $3.45 with traders dealing in 285 shares, Scotia Group lost $1 to end at $44.50 and closed after an exchange of 208,902 units, Supreme Ventures dipped $1.17 to close at $24.53 with investors trading 326,625 stocks, Sygnus Credit Investments climbed 42 cents to $10.94 in an exchange of 855 stock units and Victoria Mutual Investments sank 52 cents to end at $2.68 changing hands 196,536 shares.
In the preference segment, Eppley 7.25% preference share increased 90 cents in closing at $18.90 after an exchange of 500 stocks. 
Jamaica Public Service 7% popped $1.80 and ended at $48.80 as 225 units passed through the market and Productive Business Solutions 10.5 % preference share advanced $210 to close at $1,300 with 10 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Values slip on the Jamaica Stock Exchange
Trading closed on the Jamaica Stock Exchange on Monday, with slippage in values in all markets and ended with QWI Investments leading trading with nearly 38 percent of the volume traded that exceeded trading on Friday in the overall market with the jumping sharply over trading on Friday, resulting in prices of 31 shares rising and 32 declining.
At the close of trading on Monday, the JSE Combined Market Index dipped 563.01 points to close at 347,546.01, the All Jamaican Composite Index dropped 775.69 points to cease trading at 370,745.49, the JSE Main Index shed 467.96 points to culminate at 334,783.44. The Junior Market Index fell 14.17 points to conclude trading at 3,833.36 and the JSE USD Market Index skidded 0.80 points to 255.39.
At the close of trading, 47,975,821 shares were exchanged in all three markets, up from 31,165,012 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $164.28 million, up from $120.9 million yesterday and the JSE USD market closed with an exchange of 452,800 shares for US$59,221 compared to 72,092 units at US$2,833 on Friday.
Trading in the Main Market was dominated by QWI Investments led trading with 13.42 million shares followed by Wigton Windfarm with 8.98 million units for 25.3 percent of the day’s trade, Transjamaican Highway with 5.22 million units, Mayberry Group with 1.31 million stock units, Carreras with 1.26 million shares and Sagicor Select Financial Fund with 1.04 million units.
In the Junior Market, Derrimon Trading led trading with 5.46 million shares, Mailpac Group with 1.44 million units and One Great Studio with 1.10 million stocks.
At the close of trading on the Main Market, Barita Investments increased by 93 cents to $71.20, Kingston Wharves popped $2.50 to end at $30.50, Massy Holdings gained $1 and ended at $100
In the Main Market, Eppley declined $4.50 to end at $34, Guardian Holdings shed $8 to close at $360, Jamaica Producers dropped $1.45 in closing at $23.55, JMMB Group fell 94 cents to close at $25.44, Scotia Group lost $1 to end at $44.50, Supreme Ventures dipped $1.17 in closing at $24.53.
At the end of Junior Market trading, Knutsford Express increased $1 and ended at $12.38 and Tropical Battery climbed 30 cents to end at $2.70 but Dolphin Cove was down 66 cents to $18.32.
In the preference segment, Eppley 7.25% preference share increased 90 cents in closing at $18.90, Jamaica Public Service 7% popped $1.80 and ended at $48.80 and Productive Business Solutions 10.5% preference share advanced $210 to close at $1,300.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.5 on 2022-23 earnings and 14.2 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 navigate numerous investment options successfully in the 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 for investors 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.
ICTOP10 reaping from bullish market
The start of a bull market is appearing with the Jamaica Stock Exchange moving higher, partially helped by rising profits of some companies, as a result, the USD market is solidly in the black for 2024 to date, with a rise of 11 percent while the Main Market sits with a gain of 2.9 percent and the Junior Market is now back at the 2023 end of year level on Friday, but just below. At the same time two listings reported nine months results reflecting improving profit that should help the stock prices in the weeks ahead.
During the week new results were released to the market, with mostly positive profit outcomes that should aid the prices of stocks going forward as the results help to lay a foundation for prices in the short term as this provides investors with a better sense of valuations of these companies. There will be more releases this week as the deadline date for their release is this week for companies that have not opted for 60 days publication of audited accounts.
Earnings were revised downwards by a few cents for Lasco Distributors and Lasco Manufacturing, following the release of nine months results, that show continued growth in profits.
Last week IC Insider.com reported Scotia Group and TransJamaican Highway that traded at 52 weeks’ high they now seem to have topped out for a while, with both undervalued with quite some room to run for 2024. Scotia has an undisclosed amount on offer at $46.
The past week ended with minimal price changes for Junior Market stocks but the Main Market threw up a few, with General Accident rising 12 percent to close at $5.30, followed by JMMB Group up 10 percent to $26.38 and Caribbean Producers up 4 percent to $9.09 as Margaritaville dropped 15 percent to $14.86 and Palace Amusement lost 8 percent to close at $1.20.
As was the case for the previous week the markets closed with no addition to the ICInsider.com TOP 10 stocks.
For the full list of weekly percentage changes for the ICTOP10 stocks, check the attached charts that now carry a column of the weekly percentage price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.3, well below the market average of 13.7 and the Junior Market TOP10 sits at 7.,5 just over half of the market, with an average of 13.6
The Main Market ICTOP10 is projected to gain an average of 287 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 169 percent over the same time frame.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 108, with an average of 30 and 21 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, or 27 percent of the market, with PEs ranging from 15 to 45, averaging 22, well above the market’s average. The top half of the market has an average PE of 18, possibly the lowest fair value for stocks, currently.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2024 and are ranked in order of potential gains, computed using projected earnings 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.
The JSE Main Market continues to rally
Trading on the Jamaica Stock Exchange Main Market ended on Friday, with a 42 percent rise in the volume of stocks traded with a value 158 percent more than on Thursday, with trading in 53 securities compared with 50 on Thursday, with prices of 23 stocks rising, 19 declining and 11 ending unchanged.
The market closed with the trading of 15,118,549 shares at $85,008,912 up from 10,666,602 units at $32,927,053 on Thursday.
Trading averaged 285,256 shares for $1,603,942 compared to 213,332 units at $658,541 on Thursday and month to date, an average of 207,372 units at $989,533 compared with 195,160 units at $893,191 on the previous day and January with an average of 265,804 units at $2,438,118.
JMMB 9.5% preference share led trading with 5.81 million shares for 38.4 percent of total volume followed by Wigton Windfarm with 4.47 million units for 29.6 percent of the day’s trade and Transjamaican Highway with 1.05 million units for 6.9 percent of stocks trading.
The All Jamaican Composite Index rose 2,908.19 points to finish at 371,521.18, the JSE Main Index popped 2,195.36 points to finish at 335,251.40, with a gain of 2.9 percent for 2024 to date and the JSE Financial Index climbed 0.89 points to finish at 72.02.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden rallied 50 cents to in closing at $42 after 1,410 stocks were traded, Guardian Holdings lost $2 to end trading with 235 units at $368, Jamaica Broilers dipped 50 cents to $34 with investors trading 2,496 shares. Jamaica Producers popped $1.68 in closing at $25 with an exchange of 5,683 stock units, JMMB Group climbed 39 cents to end at $26.38 with 57,594 shares changing hands, Mayberry Jamaican Equities increased 59 cents to $9.53 with investors transferring 52,767 stock units. NCB Financial rose $2.85 in closing at $67.90 after exchanging 424,334 units,
Scotia Group rallied 50 cents to close at $45.50 with investors trading in 53,020 stocks, Seprod shed $3.50 to end at $82 in an exchange of 213,669 shares. Stanley Motta advanced 50 cents to end at $7, with 11,946 stock units crossing the market, Supreme Ventures rose 50 cents to $25.70 in an exchange of 5,297 units and Sygnus Credit Investments declined $1.21 in closing at $10.52 after 286,438 stock units crossed the market.
In the preference segment, Eppley 7.25% preference share rallied $1 to close at $18 after a transfer of 6,400 shares, Jamaica Public Service 7% fell $2.30 and ended at $47 with 193 stock units crossing the exchange and Productive Business Solutions 10.5% preference share popped $15 to end at $1,090 with a transfer of 300 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market gains, Juniors inch higher
The Main Market of the Jamaica Stock Exchange gained in trading on Friday as the Junior Market inched higher but the JSE USD market slipped moderately as trading ended with the volume and value of stocks changing hands rising over the previous trading day, resulting in prices of 32 shares rising and 31 declining.
At the close of trading Friday, the JSE Combined Market Index climbed 2,190.46 points to end at 348,109.02, the All Jamaican Composite Index jumped 2,908.19 points to close trading at 371,521.18 and the JSE Main Index popped 2,195.36 points to settle at 335,251.40. The Junior Market Index rose 15.02 points to close trading at 3,847.53. and the JSE USD Market Index skidded 0.83 points to 256.19.
At the close of trading, 31,165,012 shares were exchanged in all three markets, up from 16,660,602 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $120.9 million, up from $44.73 million on the previous day and the JSE USD market closed with an exchange of
Trading in the Main Market was dominated by JMMB 9.5% preference share led trading with 5.81 million shares followed by Wigton Windfarm with 4.47 million units and Transjamaican Highway with 1.05 million stocks.
In the Junior Market, 15,974,371 shares for $35,900,988 compared with 5,836,386 units at $11,800,314 on Thursday.
At the close of trading on the Main Market, Jamaica Producers popped $1.68 in closing at $25, NCB Financial rose $2.85 in closing at $67.90, following the release of first quarter results.
The major declining Main Market stocks include Guardian Holdings down $2 to close at $368, Seprod shedding $3.50 to end at $82 and Sygnus Credit Investments declining $1.21 in closing at $10.52.
At the end of Junior Market trading, AMG Packaging increased 30 cents to end at $2.90, Caribbean Assurance Brokers climbed 33 cents in closing at $2.42, Caribbean Cream popped 40 cents to $3.90 and Limners and Bards rallied 39 cents to close at $1.69 with the major losing stock being Knutsford Express dropping $1.01 to end at $11.38.
In the preference segment, Eppley 7.25% preference share rallied $1 to close at $18, Jamaica Public Service 7% fell $2.30 and ended at $47 and Productive Business Solutions 10.5 % preference share popped $15 to end at $1,090.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2022-23 earnings and 14.3 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 navigate numerous investment options successfully in the 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 for investors 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.
Trading drops on JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 77 percent, but the value plunged 19 percent lower than on Wednesday, with trading in 50 securities down from 58 on Wednesday, with prices of 22 stocks rising, 13 declining and 15 ending unchanged.
The market closed on Thursday with an exchange of 10,666,602 shares trading for $32,927,053 versus 6,035,529 units at $40,658,701 on Wednesday.
Trading averaged 213,332 shares at $658,541 compared with 104,061 units at $701,012 on Wednesday and month to date, an average of 195,160 units at $893,191 compared with 192,005 units at $933,929 on the previous day and January that closed with an average of 265,804 units at $2,438,118.
JMMB 9.5% preference share was the leading trade with 6.95 million units for 65.2 percent of total volume followed by Wigton Windfarm with 1.25 million stock units for 11.7 percent of the day’s trade and Transjamaican Highway with 922,977 units for 8.7 percent market share.
The All Jamaican Composite Index declined 1,943.63 points to culminate at 368,612.99, the JSE Main Index shed 1,377.96 points to end at 333,056.04 and the JSE Financial Index declined 0.46 points to close at 71.13.
The Main Market ended trading with an average PE Ratio of 13.6. 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 around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement rallied 60 cents to end at $53.80 in switching ownership of 4,459 shares, Caribbean Producers rose 47 cents in closing at $9.28 with traders dealing in 33,588 stocks, First Rock Real Estate sank 48 cents to $8.50, with 3,000 shares crossing the market. GraceKennedy dropped 50 cents to close at $75.50 in trading 28,466 stock units, Guardian Holdings gained $10 and ended at $370 with 11 shares clearing the market, Jamaica Broilers popped 50 cents to $34.50 with investors dealing in 16,211 units. Jamaica Producers fell $2.68 and ended at $23.32 in an exchange of 6,281 stocks, JMMB Group increased 99 cents to end at $25.99 with investors trading 44,105 stock units, Kingston Properties declined 51 cents in closing at $7.02 with 18,013 shares crossing the market. 
Massy Holdings climbed 99 cents to close at $98.99 after investors ended trading 283 stock units, NCB Financial shed $1.95 to close at $65.05 with investors trading 81,190 shares, Proven Investments advanced 50 cents to $23 after an exchange of 930 stock units. Seprod lost 50 cents and ended at $85.50 with investors swapping 34,417 shares, Stanley Motta rose 40 cents to end at $6.50 with a transfer of 2,371 stock units, Supreme Ventures dipped 49 cents to close at $25.20 after an exchange of 526 stocks and Sygnus Credit Investments climbed 93 cents to $11.73, with 6,591 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated
Fall for JSE Main Market, others inched higher
The Main Market of the Jamaica Stock Exchange fell in trading on Thursday as the Junior Market and the JSE USD market rose by a few points, with trading ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 43 shares rising and 24 declining.
At the close of trading, the JSE Combined Market Index lost 1,248.13 points to close at 345,918.56, the All Jamaican Composite Index declined 1,943.63 points to 368,612.99, the JSE Main Index dropped 1,377.96 points to 333,056.04. The Junior Market Index popped 5.05 points to 3,832.51 and the JSE USD Market Index advanced 5.04 points to close at 257.02.
At the close of trading, 16,660,602 shares were exchanged in all three markets, up from 13,838,528 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $44.73 million, down from $57.37 million on the previous day and the JSE USD market closed with an exchange of 157,614 shares for US$22,646 compared to 263,941 units at US$62,436 on Wednesday.
Trading in the Main Market was dominated by JMMB 9.5% preference share trading 6.95 million shares followed by Wigton Windfarm with 1.25 million units and Transjamaican Highway with 922,977 shares.
In the Junior Market, EduFocal led trading with 2.78 million shares followed by MFS Capital Partners with 495,943 units and Stationery and Office Supplies with 442,836 stocks.
At the close of trading on the Main Market Guardian Holdings gained $10 and ended at $370, JMMB Group increased 99 cents to end at $25.99, Massy Holdings climbed 99 cents to close at $98.99 and Sygnus Credit Investments climbed 93 cents to $11.73.
The major declining Main Market stocks are Jamaica Producers that fell $2.68 and ended at $23.32, NCB Financial shedding $1.95 to $65.05 and Seprod that lost $1.50 and ended at $85.50.
At the end of Junior Market trading, Dolphin Cove rose $1.46 to $18.98 and Caribbean Assurance Brokers shed 35 cents in closing at $2.09, Limners and Bards sank 42 cents to close at $1.30, MFS Capital Partners dropped 33 cents to end $2.11 and tTech skidded 49 cents to close at $2.
There were no stocks trading with a notable price change in the preference segment of the market.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21… on 2022-23 earnings and 14… 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 navigate numerous investment options successfully in the 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 for investors 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.
Trading drops on JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 61 percent decline in the volume of stocks that changed hands, with a value 14 percent lower than on Tuesday, following activity in 58 securities compared with 57 on Tuesday, with prices of 18 stocks rising, 26 declining and 14 ending unchanged.
The market closed on Wednesday with 6,035,529 shares trading in exchange for $40,658,701 down from 15,570,107 units at $47,265,851 on Tuesday.
Trading averaged 104,061 shares at $701,012 compared to 273,160 units at $829,225 on Tuesday and for the month to date, an average of 192,005 units at $933,929, in comparison with 214,182 stock units at $992,664 on the previous day and January that closed with an average of 265,804 units at $2,438,118.
Wigton Windfarm led trading with 1.95 million shares for 32.3 percent of total volume followed by Transjamaican Highway with 1.44 million stock units for 23.8 percent of the day’s trade and Supreme Ventures with 519,186 units for 8.6 percent market share.
The All Jamaican Composite Index sank 2,284.76 points to finish at 370,556.62, the JSE Main Index rose 137.97 points to end trading at 334,434.00 and the JSE Financial Index dipped 0.45 points to close trading at 71.59.
The Main Market ended trading with an average PE Ratio of 13.6. 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 around August 2024.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Eppley increased $4.75 and ended at $38.50 in trading 79 stock units, First Rock Real Estate popped 48 cents to $8.98, with 25 shares crossing the market, GraceKennedy gained 50 cents to end at $76 with investors swapping 44,453 stock units. Guardian Holdings fell $9 in closing at $360 in an exchange of 250 units, Jamaica Producers sank 85 cents to close at $26 with investors dealing in 11,087 stocks, JMMB Group rose $1 to $25 after a transfer of 24,605 units. Margaritaville declined $2.61 to end at $14.86 as investors exchanged 20 shares, Massy Holdings advanced $5 in closing at $98 with an exchange of 1,631 stock units, Mayberry Group shed 55 cents to close at $7.50 in an exchange of 1,083 shares. Mayberry Jamaican Equities dropped 49 cents and ended at $8.81 with traders dealing in 50 stocks, MPC Caribbean Clean Energy dropped $13.50 to $76.50, with 107 units crossing the exchange, NCB Financial skidded 99 cents to end at $67after 60,009 stock units changed hands. Pan Jamaica dipped 50 cents in closing at $50 with investors trading 40,360 shares, Proven Investments sank 50 cents to close at $22.50 after 7,991 stocks passed through the market, 
Sagicor Group dipped $1.97 and ended at $44 with investors transferring 5,364 units. Scotia Group lost $1.58 to close at $45 with 26,902 stock units clearing the market, Seprod rallied $1 in closing at $87 while exchanging 3,863 shares, Stanley Motta dropped 90 cents to end at $6.10 with a transfer of 1,730 stocks. Supreme Ventures climbed 69 cents and ended at $25.69 after exchanging 519,186 units and Sygnus Real Estate Finance shed 89 cents to close at $10.60 in switching ownership of 7,084 stock units,
In the preference segment, Eppley 7.50% preference share increased 33 cents to $6.63 after investors ended trading 2,580 shares and Sygnus Credit Investments C10.5% fell $1 to close at $106 after an exchange of 500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading on the Jamaica Stock Exchange
Trading ended mixed on the Jamaica Stock Exchange on Wednesday as the Main Market indices ended mixed with moderate movements but the Junior Market and the JSE USD market rose moderately as trading ended with the number and the value of stocks changing hands falling, compared with Tuesday and resulting in prices of 30 shares rising and 36 declining.
At the close of trading, the JSE Combined Market Index climbed 193.07 points to close at 347,166.69, the All Jamaican Composite Index shed 2,284.76 points to lock up trading at 370,556.62, the JSE Main Index added just 137.97 points to end at 334,434.00. The Junior Market Index eked out a rise of 7.27 to end at 3,827.46 and the JSE USD Market Index gained 1.53 to close trading at 251.98.
At the close of trading, 13,838,528 shares were exchanged in all three markets, down from 29,750,591 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $57.37 million, from $88.9 million yesterday and the JSE USD market closed with an exchange of 263,941 shares for US$62,436 versus 301,671 units at US$25,796 on Tuesday.
Wigton Windfarm dominated trading in the Main Market, with 1.95 million shares followed by Transjamaican Highway with 1.44 million units and Supreme Ventures with 519,186 stock units.
In the Junior Market, EduFocal led trading with 1.14 million shares followed by Spur Tree Spices with 1.06 million units and Dolla Financialwith 760,918.
At the end of trading on the Main Market, Eppley increased $4.75 and ended at $38.50, JMMB Group rose $1 to $25, Massy Holdings advanced $5 in closing at $98 and Seprod rallied $1 in closing at $87.
The major declining Main Market stocks include Guardian Holdings which fell $9 in closing at $360, Margaritaville declining $2.61 to end at $14.86, MPC Caribbean Clean Energy losing $13.50 to $76.50, NCB Financial skidding by 99 cents to end at $67, Sagicor Group dipping $1.97 and ended at $44 and Scotia Group losing $1.58 to $45.
In the Junior Market, Blue Power advanced 35 cents in closing at $3.30, ISP Finance climbed $6.34 to $31.3, with the major losing stock being Dolphin Cove down $1.48 and ended at $17.52.
In the preference segment, Sygnus Credit Investments C10.5% share fell $1 to close at $106.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2022-23 earnings and 14.2 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 navigate numerous investment options successfully in the 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.
Bullish trend continue for JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the market rising 2.6 percent based on the JSE Main Index continuing a 7.4 percent rally since mid-September last year as investors pumped 27 percent fewer dollars in buying 37 percent more stocks traded than they did on Monday, with trading taking place in 57 securities compared with 60 on Monday, with prices of 25 stocks rising, 22 declining and 10 ending unchanged as Scotia Group closed at a 52 weeks’ high.
The market closed with an exchange of 15,570,107 shares for $47,265,851 compared with 11,358,844 units at $65,164,581 on Monday.
Trading averaged 273,160 shares at $829,225 compared to 189,314 units at $1,086,076 on Monday and month to date, an average of 214,182 units at $992,664, compared with 194,750 units at $1,046,514 previously traded and January with an average of 265,804 units at $2,438,118.
Wigton Windfarm led trading with 5.62 million shares for 36.1 percent of the overall volume followed by Transjamaican Highway with 2.93 million units for 18.8 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund filled in with 2.45 million units for 15.7 percent market share, Sagicor Select Financial Fund followed with 1.08 million units for 6.9 percent of the day’s trade and QWI Investments ended with 1.02 million units for 6.5 percent of total volume.
The All Jamaican Composite Index rose 3,627.70 points to close at 372,841.38, the JSE Main Index increased 918.50 points to 334,296.03 and the JSE Financial Index rose 1.14 points to 72.04.
The Main Market ended trading with an average PE Ratio of 13.7. 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 around August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement shed 80 cents and ended at $53, with 12,160 shares changing hands, Eppley rallied 75 cents to $33.75 after a transfer of 293 units, Eppley Caribbean Property Fund popped $1 to end at $40 with traders dealing in 900 shares. First Rock Real Estate fell 50 cents in closing at $8.50 after an exchange of 30,243 stock units, GraceKennedy dipped $1.52 to close at $75.50 and closed with an exchange of 35,985 shares, Guardian Holdings climbed $9 to $369 with investors dealing in just one stock unit. Jamaica Broilers sank 38 cents to close at $34.12 in switching ownership of 32,966 units, Jamaica Producers increased 60 cents to end at $26.85 with investors trading 36,823 stock units, 
Massy Holdings declined $5.49 to close at $93, with 488 shares clearing the market. Mayberry Jamaican Equities rose 49 cents and ended at $9.30 in trading 1,790 stock units, NCB Financial advanced 99 cents to $67.99 while exchanging 60,232 stocks, Pan Jamaica gained 50 cents in closing at $50.50 with investors transferring 14,052 stock units. Sagicor Group rose $2.07 to end at $45.97 in an exchange of 32,348 shares, Salada Foods lost 30 cents and ended at $3.45 with investors swapping 23,691 stock units, Scotia Group climbed 68 cents to close at a 52 weeks’ high of $46.58 with a transfer of 32,385 stocks. Seprod rallied 87 cents to $86 as investors exchanged 44,814 units and Wisynco Group popped 35 cents and ended at $22.35, with 24,551 stocks crossing the market.
In the preference segment, Jamaica Public Service 7% gained $3.21 to end at $49.30 with an exchange of 562 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
