The level of trading activity on the Jamaica Stock Exchange Main Market was a shadow of its usual self at the close on Wednesday, with the volume of stocks traded declining 71 percent and the value 81 percent lower than on Tuesday, with 53 securities trading compared with 58 on Tuesday, with a mere 4,057,118 shares traded for just $25,768,191 compared with 14,138,225 units at $134,834,411 on Tuesday.
Trading ended with prices of rising and declining stocks totalling 19 each with 15 ending unchanged.
Trading averaged 76,549 shares at $486,192 versus 243,763 shares at $2,324,731 on Tuesday and month to date, an average of 277,403 units at $1,727,587, compared with 294,826 units at $1,835,269 on the previous day. Trading in September averaged 218,512 units at $1,768,691.
Transjamaican Highway led trading with 1.81 million shares for 44.5 percent of total volume followed by Wigton Windfarm with 429,792 units for 10.6 percent of the day’s trade and Carreras chipped in with 381,152 units for 9.4 percent market share.
The All Jamaican Composite Index dipped 3,302.43 points to close at 344,152.91, the JSE Main Index shed 2,782.98 points to 312,443.39 and the JSE Financial Index lost 0.40 points to 68.91.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement lost $1 in closing at $49 with traders dealing in 34,016 shares, General Accident declined 79 cents to end at $5.01, with 20,000 stock units crossing the market, GraceKennedy fell $1.99 and ended at $73 while exchanging 2,619 units. Jamaica Broilers rallied $1.25 to $34 with shareholders swapping 113 stocks, Jamaica Stock Exchange dropped 58 cents to close at a 52 weeks’ closing low of $9.32 after hitting a 52 weeks’ intraday low of $8.01, with stakeholders exchanging 167,778 stock units. Kingston Wharves dipped $3.75 to $27 in an exchange of 7,549 stocks, NCB Financial popped $1 and ended at $65 after closing with an exchange of 5,183 shares, Proven Investments skidded $2 to end at $22 in an exchange of 2,403 units. 
Sagicor Group rose $1.46 in closing at $44.48 after investors traded 26,043 stock units, Salada Foods advanced 42 cents to close at $3.04 104,742 stocks crossing the market, Seprod shed $6.24 and ended at $65.26, with 8,024 shares changing hands. Stanley Motta increased 80 cents to close at $6 with investors dealing in 1,845 units, Supreme Ventures dipped 75 cents to end at $26.25 in trading 30,032 stock units and Wisynco Group dropped 36 cents in closing at $18.10 after 44,718 stocks passed through the market.
In the preference segment, Jamaica Public Service 7% gained $8 to close at $50 with a transfer of 149 units, 
Jamaica Public Service 9.5% climbed $10 to end at $2,900 with an exchange of 2 shares and Productive Business Solutions 9.75% preference share jumped $21.75 to $120.75 after a transfer of 1,655 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
Trading activity picked up on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded rising 34 percent and the value 9 percent more than on Friday, after trading in 58 securities compared with 57 on Friday, with rising and declining stocks numbering 18 each with 22 ending unchanged but resulted in solid gains for Kingston Wharves, GraceKennedy and Seprod that helped keep the market in positive territory at the close. 
A total of 14,138,225 shares were exchanged for $134,834,411 up from 10,576,110 units at $124,236,160 on Friday.
Trading averaged 243,763 shares at $2,324,731 compared to 185,546 units at $2,179,582 on Friday and month to date, an average of 294,826 units at $1,835,269 compared with 300,182 units at $1,783,933 on the previous trading day and above September’s average of 218,512 units at $1,768,691.
Wisynco Group led trading with 5.16 million shares for 36.5 percent of total volume followed by Wigton Windfarm with 3.77 million units for 26.6 percent of the day’s trade, Transjamaican Highway with 1.59 million units for 11.2 percent market share, Carreras with 1.54 million units for 10.9 percent market share and Palace Amusement with 1.01 million units for 7.1 percent of total volume.
The All Jamaican Composite Index gained 1,148.31 points to end at 347,455.34, the JSE Main Index advanced 341.60 points to conclude trading at 315,226.37 and the JSE Financial Index popped 0.04 points to end at 69.31.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dipped 40 cents and ended at $72.50 after an exchange of 8,822 shares, Caribbean Producers shed $1.53 in closing at $9.14 with investors exchanging 35,929 stocks, GraceKennedy rose $2.98 to end at $74.99 after exchanging 1,127 units, 
Jamaica Broilers skidded $1.25 to $32.75 after a transfer of 36,766 stock units, JMMB Group dropped 97 cents to close at $27.50 as investors traded 31,660 units, Kingston Wharves rallied $3.24 to close at $30.75 with an exchange of 53,840 stocks, Pan Jamaica lost $2.22 to $47.98 with traders dealing in 15,171 stock units, Proven Investments increased $2 to end at $24, with 5,956 shares changing hands, Seprod climbed $2.50 and ended at $71.50 in an exchange of 3,891 stocks, Stanley Motta fell 85 cents in closing at $5.20 with investors dealing in 1,049 stock units and Wisynco Group gained 35 cents and ended at $18.46 with a transfer of 5,160,425 shares.
In the preference segment, JMMB Group 7.25% preference share declined 43 cents in closing at $2.05 with investors transferring 4,787 units and 
Productive Business Solutions 9.75% preference share dropped $1 to end at $99 after 729 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE USD stocks, gains for Main Market
Fresh from the close of the Jamaica Stock Exchange on Monday for the celebration of the National Heroes holiday, the JSE USD market plunged nearly 10 percent on Tuesday and the Junior Market pulled back for the 3,900 points level as the Main Markets just held on to record modest gains at the close of trading on Tuesday, with a drop in both volume and value of stocks traded in the overall market.
At close of trading, the JSE Combined Market Index popped 53.40 points to end at 329,669.61, the All Jamaican Composite Index rallied 1,148.31 points to finish at 347,455.34, the JSE Main Index advanced 341.60 points to 315,226.37, as Kingston Wharves, GraceKennedy and Seprod gained over $2. The Junior Market Index shed 29.80 points to end at 3,885.12 and the JSE USD Market Index rdropped 10.61 points to 232.98.
Investors traded 18,664,384 shares in all three markets, down sharply from 66,196,822 stock units on Friday. The value of stocks traded declined on the Junior and Main markets to $145.29 million, down from $248.39 million on Friday. Trading on the JSE USD market ended with investors exchanging 34,722 shares were traded, for US$2,213 compared to 91,370 units at US$3,137 on Friday.
In the preference segment, Productive Business Solutions 9.75% preference share dropped $1 to end at $99.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.1 on 2022-23 earnings and 10.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Four new ICTOP10 listings
The Junior Market rose modestly during the past week while the Main Market slipped marginally to close out the week, resulting in ICTOP10 stocks delivering mixed results with the Junior Market recording some solid price increases and just three declines while the ICTOP10 Main Market stocks had just one price decline with three stocks recording notable price increases.
Market activity resulted in three new additions to the Junior Market ICTOP10 and one in the Main Market. Returning to the Junior Market TOP10 are Consolidated Bakeries, Dolphin Cove and Lasco Distributors replacing Image Plus, Lasco Financial Services and Paramount Trading with the latter reporting lower profits and revenues in the first quarter ended August and Image Plus reporting sharply lower second quarter and half year results that pushed projected earnings for the year to 27 cents per share. In the Main Market, Caribbean Producers dropped out of the ICTOP10 and is replaced by Caribbean Cement.
The Main Market closed the week with Key Insurance jumping 16 percent to $2.68, Scotia Group rising 5 percent to $33.60 and Caribbean Producers popping 4 percent to close at $10.67.
The Junior Market produced gains of 17 percent for Paramount Trading which closed up $1.76 and 16 percent of four Caribbean Cream at $4.65 followed by Lasco Financial Services up 7 percent to $2.06, declining was Elite Diagnostic down 15 percent to $1.57 and five percent for Caribbean Assurance Brokers to close at $3.03.
The average PE for the JSE Main Market TOP 10 stands at 5.1, well below the market average of 12.2. The Main Market TOP10 is projected to gain an average of 328 percent, by May 2024, based on 2023 forecasted earnings.
A total of 14 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 108, with an average of 30 and 20 excluding the highest PE ratios, and a PE of 22 for the top half and 16 excluding the stocks with overweight valuations.
The PE of the Junior Market TOP10 sits at 5.7, half of the market at 10.8. There are 11 stocks or 23 percent of the market, with PEs from 15 to 25, averaging 19 that are well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently, with the market projected to rise by 261 percent by May 2024.
The divergence between the average PE of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 are likely to deliver the best returns up to the end of 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.
Trading picked up on JSE Main Market
Trading activity picked up on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded falling 64 percent but with a value 49 percent more than on Thursday, following trading in 57 securities up from 53 on Thursday, and ended with prices of 22 rising, 19 declining and 16 ending unchanged.
A total of 10,576,110 shares were traded for $124,236,160 compared with 29,125,035 units at $83,569,212 on Thursday.
Trading averaged 185,546 shares at $2,179,582 versus 549,529 shares at $1,576,778 on Thursday and month to date, an average of 300,182 units at $1,783,933 compared to 313,356 units at $1,738,466 on the previous day. In contrast, September closed with an average of 218,512 units at $1,768,691.
Jamaica Producers led trading with 4.22 million shares for 39.9 percent of total volume followed by Wigton Windfarm with 2.02 million units for 19.1 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.94 million units for 18.4 percent of the day’s trade.
The All Jamaican Composite Index rose 192.48 points to finish at 346,307.03, the JSE Main Index rallied 212.42 points to conclude trading at 314,884.77 and the JSE Financial Index popped 0.92 points to close at 69.27.
The Main Market ended trading with an average PE Ratio of 12.2 based on the last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement climbed 60 cents to close at $50 and closed with an exchange of 377 shares, Eppley Caribbean Property Fund rallied $3 to $39.50 with a transfer of 1,663 units, GraceKennedy fell 49 cents in closing at $72.01 with 5,322 stock units clearing the market. Jamaica Producers popped 50 cents and ended at $20 with traders dealing in 4,215,027 stocks, Kingston Wharves lost $3.38 to end at $27.51 with shareholders swapping 1,382 shares, 
Massy Holdings skidded $2.89 to $97.10 with investors transferring 33,175 units. NCB Financial dipped 39 cents to close at $64 in switching ownership of 51,418 stocks, Proven Investments increased 70 cents in closing at $22 after exchanging 1,000 stock units, Sagicor Group rose $1 to $43 in trading 12,457 shares. Salada Foods fell 42 cents to end at $2.62, with 128,964 units crossing the market, Sygnus Real Estate Finance advanced 58 cents to end at $10.14 while exchanging 38 stocks and Wisynco Group shed 89 cents to close at $18.11 after 85,017 stock units changed hands.
In the preference segment, Jamaica Public Service 7% declined $6 and ended at $42, with 620 units passing through the market and Jamaica Public Service 9.5% dropped $10 to close at $2890 with stakeholders exchanging 2,100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market gained on Thursday
The Jamaica Stock Exchange Main Market rallied on Thursday, following the trading of 53 securities compared with 56 on Wednesday and ended with prices of 19 rising, 22 declining and 12 ending unchanged as b gains in MPC Caribbean Energy, Kingston Wharves, GraceKennedy Caribbean Produces and JMMB Group overpowered those declining on a day when the volume of stocks traded declined by 47 percent, with a 51 percent lower value than on Wednesday.
A total of 29,125,035 shares were traded for $83,569,212 compared with 55,453,072 units at $170,749,021 on Wednesday.
Trading averaged 549,529 shares at $1,576,778 versus 990,233 shares at $3,049,090 on Wednesday and month to date, an average of 313,356 units at $1,738,466 compared to 285,100 units at $1,757,810 on the previous day and September ending with an average of 218,512 units at $1,768,691.
JMMB Group 7.25% preference share due 2024 led trading with 20.02 million shares for 68.7 percent of total volume followed by Wigton Windfarm with 4.62 million units for 15.9 percent of the day’s trade and Transjamaican Highway with 1.14 million units for 3.9 percent of the day’s trade.
The All Jamaican Composite Index climbed 2,102.23 points to 346,114.55, the JSE Main Index increased 2,691.19 points to 314,672.35 and the JSE Financial Index skidded 0.04 points to 68.35.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments gained 49 cents and ended at $72.98 after an exchange of 78,348 shares, Caribbean Cement lost 60 cents in closing at $49.40 after a transfer of 2,052 stock units, Caribbean Producers increased $1.20 to end at $10.44 and closed with an exchange of 6,210 stocks, Eppley Caribbean Property Fund declined $3 to close at $36.50 with investors transferring 500 units. GraceKennedy rose $1.99 to $72.50 with 2,685 shares crossing the market, Jamaica Broilers rallied 96 cents to end at $33.96 as 9,738 stock units passed through the market, 
JMMB Group climbed $1.18 to $28.48 with traders dealing in 15,836 stocks, Kingston Wharves rose $3.78 in closing at $30.89 with stakeholders exchanging 3,149 units. Massy Holdings popped $2.89 to close at $99.99 in an exchange of 601 stocks, MPC Caribbean Clean Energy increased $11 and ended at $81 while exchanging 1,264 units, NCB Financial dipped 59 cents to close at $64.39 with 83,779 shares clearing the market. Sagicor Group dropped 99 cents to end at a 52 weeks’ low of $42 with shareholders swapping 220,189 stock units, Seprod skidded 50 cents to end at $69 with investors dealing in 98,134 units, Supreme Ventures rallied 54 cents to $26.94 in switching ownership of 98,573 stocks and Wisynco Group rose 95 cents in closing at $19 in trading 10,399 stock units.
In the preference segment, Jamaica Public Service 9.5% shed $95 to close at $2,900, with 15 shares crossing the market and 138 Student Living preference share advanced $8.70 and ended at $95.71 with an exchange of 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main & Junior Market
The Main and Junior Market indices rose on Thursday on the Jamaica Stock Exchange, but the JSE USD market declined on a day of falling value and volume of stocks traded with some notable price gains on thin volume that may suggest selling pressure may be easing for a number of stocks.
At close, the JSE Combined Market Index rallied 2,694.85 points to close at 329,034.59, the All Jamaican Composite Index popped 2,102.23 points to finish at 346,114.55, the JSE Main Index rose 2,691.19 points to conclude trading at 314,672.35 the Junior Market Index climbed 19.78 points to 3,895.51 and the JSE USD Market Index slipped 5.37 points to 240.17.
Investors traded 35,221,185 shares in all three markets, down sharply from 61,568,093 stock units on Wednesday. The value of stocks traded on the Junior and Main markets amounted to $108.99 million, down from $183.3 million on Wednesday. On Wednesday, trading on the JSE USD market ended with investors exchanging 866,262 shares were traded, for US$20,932 compared to 127,251 units at US$12,519 on Wednesday.
In the preference segment, Jamaica Public Service 9.5% shed $95 to close at $2,900 and 138 Student Living preference share advanced $8.70 and ended at $95.71.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 11 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Stocks tumble on JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 568 percent valued 52 percent more than on Tuesday, with 56 securities trading compared with 57 on Tuesday, with 14 rising, 26 declining and 16 ending unchanged.
A total of 55,453,072 shares were traded for $170,749,021 compared with 8,304,936 units at $112,080,292 on Tuesday.
Trading averaged 990,233 shares at $3,049,090 up from 145,701 shares at $1,966,321 on Tuesday and month to date, an average of 285,100 units at $1,757,810, compared to 183,065 units at $1,570,958 on the previous day. September closed with an average of 218,512 units at $1,768,691.
JMMB Group 7.25% preference share due 2024 led trading with 50 million shares for 90.2 percent of total volume followed by Transjamaican Highway with 1.78 million units for 3.2 percent of the day’s trade and Wigton Windfarm with 671,843 units for 1.2 percent market share.
The All Jamaican Composite Index lost 3,204.87 points to finish at 344,012.32, the JSE Main Index declined 2,768.86 points to settle at 311,981.16 and the JSE Financial Index fell 0.62 points to conclude trading at 68.39.
The Main Market ended trading with an average PE Ratio of 12.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints dipped 45 cents to close at $6.99 with an exchange of 14,778 shares, Caribbean Cement declined $1.50 in closing at $50 after a transfer of 9,223 stock units, Eppley increased 67 cents and ended at $33 in switching ownership of 1,585 stocks, Eppley Caribbean Property Fund jumped $8 to $39.50, with 2,977 units crossing the exchange, GraceKennedy dropped $4.34 to end at $70.51 after trading of 519,056 stocks, Jamaica Broilers shed 99 cents to close at $33, with 8,289 units crossing the market, Jamaica Stock Exchange gained 36 cents and ended at $9.86 with investors transferring 59,858 stock units, JMMB Group fell $1.18 to close at $27.30 after 71,949 shares crossed the market, 
Mayberry Investments popped 34 cents to end at $7.34 as investors exchanged 21,264 stock units, Proven Investments skidded 54 cents in closing at $21.26 with a transfer of 11,253 stocks, Sagicor Group rose 89 cents in closing at $42.99 in an exchange of 8,554 shares, Scotia Group advanced 80 cents to end at $33.75 after 19,851 units changed hands and Wisynco Group lost $2.65 and ended at $18.05 after 84,786 stocks passed through the market.
In the preference segment, Eppley 7.25% preference share dropped $1.25 to $18.70 with investors dealing in 2,000 shares, Eppley 7.50% preference share rallied 41 cents to close at $6 with 26,945 stock units changing hands, Jamaica Public Service 7% fell $2 to end at $48 in trading 414 units, 
Jamaica Public Service 9.5% skidded $105 to $2995 with stakeholders exchanging 31 stocks and JMMB Group 7% preference share popped 41 cents and ended at $2.28 with the swapping of 27 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the Jamaica Stock Exchange
Trading picked up on Tuesday on the Jamaica Stock Exchange, with the value and volume of stocks trading rising higher, but with Main Market lost value for a second consecutive day while the Junior Market and the JSE USD market inched higher.
At close, the JSE Combined Market Index dropped 2,421.64 points to close at 326,549.17, while the All Jamaican Composite Index dropped 3,204.87 points to 344,012.32, the JSE Main Index dipped 2,768.86 points to finish at 311,981.16, the Junior Market Index climbed 18.93 points to 3,875.73 and the JSE USD Market Index gained 2.54 points to 245.54.
At the close, investors exchanged 61,568,093 shares in all markets, up sharply from 21,008,986 stock units on Tuesday. The value of stocks traded on the Junior and Main markets amounted to $183.3 million, up from $141.08 million on Tuesday. On Tuesday, trading on the JSE USD market ended with investors exchanging 127,251 shares for US$12,519 compared to 129,260 units at US$4,240 on Tuesday.
In the preference segment, Eppley 7.25% preference share dropped $1.25 to $18.70, Jamaica Public Service 7% fell $2 to end at $48 and Jamaica Public Service 9.5% skidded $105 to $2,995
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 11 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Pension fund buys push Wisynco to one year high
Usually, reliable reports indicate that pension funds bought into Wisynco stock on Tuesday, helping to drive the price up to a 52 weeks’ high of $20.70, with above average volume on a day when trading activity on the Jamaica Stock Exchange Main Market ended, with the volume of stocks traded declining 5 percent and the value jumping 118 percent over Monday.
Following the rise in the price of Wisynco, Seprod jumped $4.05 and GraceKennedy by $2.85 but they failed to prevent the market from declining as declines of $11 in MPC Caribbean Energy, $2.57 drop in Eppley, $2.40 in Sagicor Group, $1.43 for Barita, $1.16 in Massy Holdings and 90 cents in NCB Financial weighted down the market.
Similar to Monday, trading took place in 57 securities, with prices of 21 rising, 20 declining and 16 ending unchanged.
Trading activity ended with an exchange of 8,304,936 shares for $112,080,292 compared with 8,771,432 units at $51,325,289 on Monday.
Trading averaged 145,701 shares at $1,966,321 versus 153,885 shares at $900,444 on Monday and month to date, an average of 183,065 units at $1,570,958, compared with 189,519 units at $1,502,668 on the previous day and September with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 2.97 million shares for 35.8 percent of total volume followed by Wisynco Group with 2.16 million units for 26 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 953,613 units for 11.5 percent of market share.
The All Jamaican Composite Index dropped 1,099.83 points to 347,217.19, the JSE Main Index declined 1,262.05 points to finish at 314,750.02 and the JSE Financial Index skidded 0.84 points to end at 69.01.
The Main Market ended trading with an average PE Ratio of 11.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined $1.43 to close at $72.49 in an exchange of 67,529 shares, Caribbean Cement advanced 80 cents to $51.50 after trading 504,129 stock units, Caribbean Producers skidded 39 cents in closing at $9.31 with a transfer of 4,631 units, Eppley fell $2.57 to end at $32.33 with investors dealing in 766 stocks. 
Eppley Caribbean Property Fund rallied $1.50 and ended at $31.50 after an exchange of 1,256 stock units, First Rock Real Estate lost 40 cents to close at $8 with an exchange of 5,712 stocks, GraceKennedy climbed $2.85 in closing at $74.85 in trading 5,933 shares, Jamaica Producers popped 95 cents and ended at $19.95, with 31,485 units crossing the market. JMMB Group ralled 48 cents to $28.48 in an exchange of 13,788 units, Kingston Properties increased 33 cents to $7.44 with 910 stock units clearing the market, Massy Holdings shed $1.16 to $97.10, with 44,764 shares changing hands, MPC Caribbean Clean Energy dipped $11 and ended at $70 while exchanging 1,764 stocks. NCB Financial dropped 90 cents to close at $65 after 37,789 shares crossed the market, Pan Jamaica rose 96 cents to end at $50.46 with stakeholders exchanging 488 stock units, Proven Investments rose 55 cents in closing at $21.80 after investors traded 6,562 stocks, Sagicor Group fell $2.40 to a 52 weeks’ low of $42.10 and closed with 293,465 units changing hands. Seprod advanced $4.05 in closing at $69.30 after a transfer of 127 units, Supreme Ventures increased 40 cents to close at $26.40 with investors trading 11,352 stocks and Wisynco Group gained $2.68 and ended at a 52 weeks’ high of $20.70 as investors exchanged 2,156,605 stock units.
In the preference segment, Eppley 7.50% preference share shed 41 cents to end at $5.59 with traders dealing in 12,060 shares, Jamaica Public Service 7% climbed $10 to close at $50 in switching ownership of 232 stocks, JMMB Group 7% preference share dipped 42 cents to end at $1.87 passed through the market 5,222 stock units and 138 Student Living preference share rallied $2.01 and ended at $87.01 crossing the market 62 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
