Trading activity dropped sharply on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 54 percent and the value 55 percent compared to Monday, with 52 securities trading down from 54 on Monday, with prices of 20 rising, 12 declining and 20 ending unchanged and resulted in Kingston Wharves and Scotia Group jumped more than $2 followed by Supreme Ventures with a rise over $1.
A total of 6,414,893 shares were traded for $41,595,803, far adrift from 14,060,598 units at $91,699,748 on Monday.
Trading averaged 123,363 shares at $799,919 versus 260,381 shares at $1,698,143 on Monday and month to date, an average of 176,649 units at $1,492,394, compared with 179,681 units at $1,531,791 on the previous day and down from August with an average of 316,608 stock units at $1,867,646.
Sagicor Select Financial Fund led trading with 1.76 million shares for 27.5 percent of total volume followed by Wigton Windfarm with 1.08 million units for 16.9 percent of the day’s trade, Transjamaican Highway with 1.01 million units for 15.8 percent market share and Jamaica Producers with 1.0 million units for 15.6 percent of total volume.
The All Jamaican Composite Index rallied 1,077.90 points to 345,469.37, the JSE Main Index rose 586.98 points to close at 316,392.26 and the JSE Financial Index slipped 0.34 points to 69.54.
The Main Market ended trading with an average PE Ratio of 12.3. 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 five with lower offers.
At the close, Berger Paints increased 57 cents to $7.72 while exchanging 4,030 shares, Caribbean Producers rose 57 cents in closing at $10.02 with just 1,452 stocks crossing the exchange, Eppley declined $1.50 to $35 in an exchange of 125 stocks. GraceKennedy fell 40 cents to close at $73 in an exchange of 6,523 units, Jamaica Stock Exchange rallied 50 cents and ended at $10, with 5,453 shares crossing the market, 
Kingston Properties dropped 78 cents in closing at $6.50 with investors exchanging 5,498 units. Kingston Wharves advanced $2.49 to $27.49, with just 32 stocks changing hands, Massy Holdings dipped 52 cents and ended at $103.88 with an exchange of 250 stock units, Mayberry Investments climbed 38 cents to close at $7.50 after investors traded 15,050 shares. Pulse Investments rose 39 cents to end at $2.39 with investors transferring 278,723 stocks, Scotia Group gained $2.05 in closing at $34.05 with a transfer of 1,941 units, Seprod skidded 41 cents and ended at $68.99 after 1,725 stocks passed through the market and Supreme Ventures increased $1.17 to end at $28.52 after exchanging 59,109 units.
In the preference segment, Eppley 7.50% preference share popped 43 cents to close at $6.58 after 201 shares were exchanged, Jamaica Public Service 7% lost $11.07 to close at $42 with shareholders swapping 1,650 stock units and Productive Business Solutions 10.5 % preference share jumped $195 to $1,215 with investors dealing in 21 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slow Jamaica Stock Exchange trading
In a slow trading session on the Jamaica Stock Exchange on Tuesday, Kingston Wharves and Scotia Group jumped over $2 followed by Supreme Ventures with a rise over $1 and helped to lift the Marin Market while the Junior Market rose moderately and the JSE USD Index fell following a sharp drop in the volume and value of stocks traded on the overall market compared with trading on Monday.
At close, the JSE Combined Market Index rose 695.35 points to close at 330,050.64, the All Jamaican Composite Index rose 1,077.90 points to 345,469.37, the JSE Main Index increased 586.98 points to close at 316,392.26, the Junior Market Index rose 16.05 points to settle at 3,805.46, while the JSE USD Market Index rose 3.66 points to finish at 254.00.
At the close, investors traded 10,734,163 shares in all three markets, down from 21,346,569 stock units on Monday. The value of stocks traded on the Junior and Main markets amounted to $50.2 million, up from $106.77 million on Monday. Trading on the JSE USD market ended with investors exchanging 401,339 shares for US$48,561 compared with 175,984 units at US$39,421, on Monday.
In the preference segment, Jamaica Public Service 7% lost $11.07 to $42 and Productive Business Solutions 10.5 % preference share climbed $195 to $1,215.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 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 report 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.
JSE Main Market rallies on trading bounce
Trading picked up on the Jamaica Stock Exchange Main Market ended on Monday, with a 263 percent jump in the volume of stocks traded following a 27 percent rise in the value over market activity on Friday, after 54 securities were traded compared with 50 on Friday, with 19 rising, 17 declining and 18 ending unchanged leading to a rise in the market indices at the close of trading.
A total of 14,060,598 shares were traded for $91,699,748 compared to 3,872,550 units at $72,059,401 on Friday.
Trading averaged 260,381 shares at $1,698,143 versus 77,451 shares at $1,441,188 on Friday and month to date, an average of 179,681 units at $1,531,791, compared with 174,613 units at $1,521,345 on the previous day and August with an average of 316,608 units at $1,867,646.
Transjamaican Highway led trading with 5.17 million shares for 36.7 percent of total volume followed by QWI Investments with 2.79 million units for 19.9 percent of the day’s trade, Wigton Windfarm with 1.70 million units for 12.1 percent market share and Sagicor Select Financial Fund with 1.24 million units for 8.8 percent of total volume.
The All Jamaican Composite Index advanced 755.20 points to 344,391.47, the JSE Main Index rallied 3,527.99 points to end at 315,805.28 and the JSE Financial Index popped 0.47 points to close at 69.88.
The Main Market ended trading with an average PE Ratio of 12.2, 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 12 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments fell 49 cents to end at $78.50, with 69,542 shares crossing the market, Caribbean Producers dropped 74 cents to close at $9.45 and closed with an exchange of 19,489 units, First Rock Real Estate rose $1.10 to $8.40 after 247 stocks ended changing hands, GraceKennedy popped $1.40 in closing at $73.40 in an exchange of 263,558 stock units. Jamaica Broilers gained 41 cents and ended at $31.44. with 13,396 stocks crossing the exchange, Jamaica Producers lost 50 cents and ended at $20, with 423,227 units changing hands, Key Insurance shed 34 cents to end at $2.21 after investors exchanged 35 shares, Kingston Properties increased 38 cents to close at $7.28 with trading in 495 stock units. Kingston Wharves climbed $1 in closing at $25 with shareholders swapping 3,064 shares, 
NCB Financial advanced 40 cents to end at $65.50 with investors transferring 103,724 stocks, Pan Jamaica rallied 75 cents in closing at $45.75, with 35,700 units clearing the market, Proven Investments skidded $4.20 to $20 after a transfer of 3,396 stock units. Sagicor Real Estate Fund gained 30 cents and ended at $8.30 in an exchange of 112 stock units, Scotia Group declined $2 to close at $32 with traders dealing in 265,169 stocks and Seprod dipped 39 cents to end at $69.40 after 2,428 units passed through the market.
In the preference segment, Eppley 7.50% preference share rallied 59 cents to end at $6.15 after an exchange of 1,284 shares, 
Jamaica Public Service 7% climbed $8.78 and ended at $53.07 after trading 197 units and 138 Student Living preference share lost $24.70 to close at $80.30, with 4,300 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market index jumps
Trading picked up on the Main Market of the Jamaica Stock Exchange on Monday, leading to a rise in the market indices but trading on the Junior Market slipped lower and pulled the index down but the JSE USD Index rose, with trading volume falling compared with trading on Friday.
The JSE Combined Market Index rose 3,102.28 points to close at 329,355.29, the All Jamaican Composite Index climbed 755.20 points to close at 344,391.47, the JSE Main Index jumped 3,527.99 points to settle at 315,805.28, the Junior Market Index shed 20.18 points to settle at 3,789.41, while the JSE USD Market Index rose 3.40 points to finish at 257.66.
At the close, investors traded 21,346,569 shares in all three markets, up from 11,124,804 stock units on Friday. The value of stocks traded on the Junior and Main markets amounted to $106.77 million, up from $85.12 million on Friday. Trading on the JSE USD market ended with investors exchanging 175,984 shares for US$39,421 compared to 580,017 units at US$10,197, on Friday.
In the preference segment, Jamaica Public Service 7% climbed $8.78 and ended at $53.07 and 138 Student Living preference share lost $24.70 and ended at $80.30.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.9 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 report 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.
Solid gains for ICTOP10 stocks
The ICTOP10 stocks racked up some solid gains to close out the past week, even as the Jamaica Stock Exchange Junior and the Main Market that suffered losses last week declined further this past week.
The Main Market had just two stocks with notable price changes this past week, with Scotia Group jumping 13 percent to $34 and Key Insurance slipping 8 percent to close the week at $2.55. There were more changes of note in the Junior Market ICTOP10 that closed the week with a 15 percent rise in General Accident Insurance to $5.24, the price of Elite Diagnostic rose 11 percent to $1.79 and Iron Rock Insurance gained 5 percent to end at $2.20. Image Plus with a 4 percent loss to $2.02, was the only declining stock of note.
Earnings for Margaritaville was adjusted to $3.10 for the current fiscal year ending May 2024, placing the stock at number 5 on the list.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5, well below the market average of 12.2. The Main Market TOP10 is projected to gain an average of 298 percent, to May 2024, based on 2023 forecasted earnings.
A total of 11 of the most highly valued stocks representing 23 percent of the Main Market are priced with a PE of 16 to 84, with an average of 31 and 21 excluding the highest PE ratios, with a PE of 21 for the top half and 17 excluding the stocks with the over weighted valuations.
The PE of the Junior Market Top 10 sits at 5.2 just half of the market at 10.4. There are 10 stocks or 26 percent of the market, with PEs from 15 to 29, 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, and projected to rise by 288 percent to 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.
The markets are not in a bullish state but there continue to be cases of slow upward movements in some prices as investors respond to some recent results leading them to quietly nibble away at the supplies of a number of stocks on offer and paving the way for price appreciation ahead. The list includes stocks such as Access Financial, AMG Packaging, Everything Fresh, Dolphin Cove, Caribbean Cream, Caribbean Assurance Brokers, Lasco Distributors, Lasco Manufacturing and Transjamaican Highway.
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.
ICTOP10 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 changes 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.
Losing stocks edged winners on Main Market
More funds flowed into trading activity on the Jamaica Stock Exchange Main Market on Friday, but it bought 41 percent fewer shares valued 79 percent more than on Thursday, after trading ended with 50 securities changing hands compared with 54 on Thursday, with 18 rising, 21 declining and 11 ending unchanged.
Overall, 3,872,550 shares were traded for $72,059,401 up from 6,606,269 units at $40,160,944 on Thursday.
Trading averaged 77,451 shares at $1,441,188 versus 122,338 shares at $743,721 on Thursday and month to date, an average of 174,613 units at $1,521,345, compared with 180,611 units at $1,526,293 on the previous day. August closed with an average of 316,608 units at $1,867,646.
Wigton Windfarm led trading with 1.17 million shares for 30.2 percent of the volume, Transjamaican Highway followed with 620,445 units for 16 percent of the day’s trade and Barita Investments with 253,835 units for 6.6 percent market share.
The All Jamaican Composite Index shed 1,768.93 points to end at 343,636.27, the JSE Main Index increased 876.64 points to 312,277.29 and the JSE Financial Index popped 0.17 points to close at 69.41.
The Main Market ended trading with an average PE of 12.2. The JSE Main and USD Market PE 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 10 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments jumped $1.99 to end at $78.99 in switching ownership of 253,835 shares, Berger Paints dropped 59 cents to $7.15 while exchanging 3,273 units, Caribbean Cement lost 50 cents in closing at $49 with shareholders swapping 131,630 stocks, Caribbean Producers shed 21 cents to close at $10.19 with an exchange of 18,203 stocks. Eppley Caribbean Property Fund rallied $1.90 and ended at $38.90 after 12 shares passed through the market, GraceKennedy rallied 49 cents to $72, with 148,464 stocks crossing the market, Guardian Holdings popped $5 and ended at $445 with a transfer of 366 units, Jamaica Broilers fell 47 cents to $31.03 after investors ended trading 7,824 stock units. Jamaica Producers climbed 50 cents to close at $20.50 with 60,097 units changing hands, Key Insurance declined 23 cents to end at $2.55, with 224 stock units crossing the exchange, Kingston Properties rose 28 cents and ended at $6.90 with investors dealing in 512 shares, 
Kingston Wharves skidded $3.72 to close at a multiyear low of $24 with stakeholders exchanging 45,945 stocks. Massy Holdings dipped 23 cents to end at $104.17 with traders dealing in 178 shares, Mayberry Investments shed 81 cents to $7.10 after a transfer of 18,129 stocks, Pan Jamaica increased $3.90 in closing at $45 with 230,694 stock units crossing the market, Sagicor Group climbed 80 cents in closing at $44.60 with investors transferring 15,345 units. Sagicor Real Estate Fund dipped 34 cents to close at $8, with 20,000 shares changing hands, Scotia Group popped 50 cents and ended at $34 in trading 92,228 stocks and Supreme Ventures gained 50 cents to end at $27.50 after exchanging 19,296 units.
In the preference segment, JMMB Group 7.25% preference share advanced 23 cents to $1.90 after an exchange of 544 stock units and 138 Student Living preference share jumped $11.52 and ended at $105 as investors exchanged 114 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading in One Great Studio plunges
Investors seem to have cooled on newly listed One Great Studio with less than 2 million units changing hands on Friday following three days of more than 14 million stocks being traded for each day since listing on Tuesday, with the price drifting down to $1.20 at the close of the week when the overall market end the week with mixed fortunes as the Junior Market inched higher and the Main Market main index rose but the All Jamaican Composite Index fell.
At close, the JSE Combined Market Index rose 869.06 points to close at 326,253.01, with the All Jamaican Composite Index falling 1,768.93 points to 343,636.27, the JSE Main Index rallied 876.64 points to close at 312,277.29, the Junior Market Index rose 5.83 points to 3809.59, while the JSE USD Market Index shed 1.12 points to finish at 254.26.
At the close, investors exchanged 11,124,804 shares in all three markets, up from 27,691,335 stock units on Thursday. The value of stocks traded on the Junior and Main markets amounted to $85.12 million, up from $72 million on Thursday. Trading on the JSE USD market ended with investors exchanging 580,017 shares for US$10,197 up from 73,572 units at US$2,495, on Thursday.
In the preference segment, 138 Student Living preference share jumped $11.52 and ended at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 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 report 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.
Pan Jamaica sinks JSE Main market
Pan Jamaica dropped $4.65 in trading on the Jamaica Stock Exchange Main Market on Thursday, helping to push the market down even as heavily weighted Scotia Group climbed $1.30 following a 34 percent rise in the volume of stocks traded but the value fell by 54 percent from Wednesday’s levels, following trading in 54 securities up from 51 on Wednesday, with prices of 16 rising, 20 declining and 18 ending unchanged.
A total of 6,606,269 shares were traded at $40,160,944 compared to 4,914,260 units at $86,517,288 on Wednesday.
Trading averaged 122,338 shares at $743,721 compared with 96,358 shares at $1,696,417 on Wednesday and month to date, an average of 180,611 units at $1,526,293, down from 184,773 units at $1,582,191 on the previous day. August closed with an average of 316,608 units at $1,867,646.
Wigton Windfarm led trading with 2.35 million shares for 35.5 percent of total volume followed by Transjamaican Highway with 1.39 million units for 21 percent of the day’s trade and JMMB Group 7.35% – 2028 with 1.23 million units for 18.6 percent of the day’s trade.
The All Jamaican Composite Index dipped 541.98 points to finish at 345,405.20, the JSE Main Index dipped 445.30 points to 311,400.65 and the JSE Financial Index dropped 0.31 points to conclude trading at 69.24.
The Main Market ended trading with an average PE of 12.2. The JSE Main and USD Market PEs are based on last traded prices and earnings projected by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments lost 30 cents to end at $77 with traders dealing in 10,771 shares, Caribbean Producers dropped 39 cents to end at $10.40, with 4,514 stocks changing hands, Eppley gained 97 cents and ended at $36.50 with investors dealing in 60 stock units, Eppley Caribbean Property Fund skidded $1.90 in closing at $37, with 2,320 units crossing the market. GraceKennedy dipped 49 cents to close at $71.51 with an exchange of 321,789 units, Jamaica Broilers shed 50 cents and ended at $31.50 as investors exchanged 22,100 stocks, Kingston Properties declined 67 cents to $6.62 after 6,404 shares changed hands, Kingston Wharves fell 27 cents to end at $27.72 after closing with an exchange of 16 stock units. 
Margaritaville rose 30 cents to close at $16.30 after trading in just 2 units, Mayberry Investments climbed 91 cents in closing at $7.91 after an exchange of 6,021 stock units, Pan Jamaica dropped $4.65 to $41.10 after investor traded 4,743 stocks, Proven Investments popped $2.66 to $24.18 with shareholders swapping 54 shares. Sagicor Group declined 20 cents to end at a 52 weeks’ low of $43.80, with 18,994 stocks clearing the market, Scotia Group rallied $1.30 and ended at $33.50 with a transfer of 7,270 units, Stanley Motta increased 48 cents to close at $5.33 with investors transferring 25,900 stock units, Victoria Mutual Investments advanced 26 cents to end at $2.98 after 2,400 shares passed through the market and Wisynco Group dipped 71 cents and ended at $17, with 19,911 stocks crossing the exchange.
In the preference segment, Eppley 7.25% preference share lost $1.30 in closing at $18.65 after a transfer of 2 units, Jamaica Public Service 7% shed $12.71 to land at $44.29 in an exchange of 809 stock units and JMMB Group 7.25% preference share skidded 23 cents to close at $1.67 in switching ownership of 1,902 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
One Great Studio dominates trading
The volume for the newly listed One Great Studio dropped back from the more than 21 million stocks traded on Wednesday to be close to that on the opening day in the region of 14 million shares with 14.8 million shares more than half of the total shares traded on Thursday with the price edging 9 cents higher to a record $1.27. Trading in the new listing, kept the volume traded elevated but below Wednesday’s level with the value of stocks traded slipping.
At close, the JSE Combined Market Index dipped 223.89 points to close at 325,383.95, at the same time the All Jamaican Composite Index fell 541.98 points to close at 345,405.20, the JSE Main Index shed 445.30 points to 311,400.65, the Junior Market Index rose 20.71 points to settle at 3803.96, while the JSE USD Market Index rallied 0.95 points to settle at 255.38.
At the close, investors traded 27,691,335 shares in all three markets, up from 31,325,305 stock units on Wednesday. The value of stocks traded on the Junior and Main markets amounted to $72 million, up from $122.83 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 73,572 shares for US$2,495 down from 218,675 units at US$32,659, on Wednesday.
In the preference segment, Eppley 7.25% preference share dipped $1.30 in closing at $18.65 and Jamaica Public Service 7% shed $12.71 to $44.29.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 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 report 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 require relevant and timely information to successfully navigate the 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.
Massy Holdings jumped 16%
Massy Holdings jumped 16 percent followed by Seprod 6 percent but those were not enough to prevent a fall in the market as heavily weighted NCB Financial lost nearly 4 percent in valued to pressure the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 21 percent and the value 119 percent more than on Tuesday, with 51 securities trading, compared with 50 on Tuesday, with 17 rising, 21 declining and 13 ending unchanged.
A total of 4,914,260 shares were traded for $86,517,288 up from 4,072,123 units at $39,480,185 on Tuesday.
Trading averaged 96,358 shares for $1,696,417 compared with 81,442 units at $789,604 on Tuesday. Trading for the month to date, averaged 184,773 units at $1,582,191 compared to 191,169 units at $1,573,928 on the previous day and down on August with an average of 316,608 units at $1,867,646.
Trading was lead by Wigton Windfarm with 885,474 shares for 18 percent of the total volume followed by Transjamaican Highway with 712,656 units for 14.5 percent of the day’s trade and Sagicor Group with 495,434 units for 10.1 percent market share.
The All Jamaican Composite Index lost 255.62 points to finish at 345,947.18, the JSE Main Index lost 1,603.18 points to settle at 311,845.95 and the JSE Financial Index skidded 0.36 points to settle at 69.55.
The Main Market closed with an average PE Ratio of 12.2. The JSE Main and USD Market PEs are 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 five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments shed 85 cents to $77.30 in switching ownership of 343,759 shares, Caribbean Cement popped 50 cents to end at $49.50 with stakeholders exchanging 137,030 stocks, Caribbean Producers gained $1.09 and ended at $10.79 with investors dealing in 7,704 units, First Rock Real Estate declined 50 cents to close at $7.30 in trading 1,205 stock units, Jamaica Stock Exchange skidded 31 cents in closing at $9.78 with an exchange of 605 units, Kingston Properties advanced 66 cents in closing at $7.29 after a transfer of 3,062 shares, Kingston Wharves climbed 44 cents and ended at $27.99 crossing the market 930 stocks, Massy Holdings rallied $14.36 to end at $104.40 with investors transferring 14,543 stock units, Mayberry Investments fell $1.18 to $7 in an exchange of 218,904 units, 
Mayberry Jamaican Equities rose 34 cents to close at $11.25 clearing the market with 2,300 shares, NCB Financial dropped $2.50 in closing at $65 with a transfer of 97,064 stock units, 138 Student Living increased 21 cents to end at $4.31 closed at 12,878 stocks, Pan Jamaica lost 25 cents and ended at $45.75 after exchanging 14,580 stock units, Proven Investments dipped 48 cents to close at $21.52 crossing the exchange 14,426 stocks, Pulse Investments declined 21 cents to $1.84 after an exchange of 130,001 shares, Scotia Group lost $1.75 and ended at $32.20 crossing the market 31,010 units, Seprod gained $3.89 in closing at $69.90 trading 6,819 units, Supreme Ventures rose 50 cents to end at $27 with traders dealing in 169,979 shares, Wisynco Group dropped 29 cents to close at $17.71 while exchanging 125,1stock units.
In the preference segment, Eppley 7.50% preference share dipped $1.21 to $5.56 changing hands 156,664 stocks and Jamaica Public Service 7% rallied $15 to $57 passed through the market 222 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
