138 Student Living

Lower trading pushes Main Market down

November 12, 2024 by IC Insider.com

Trading dropped hard on Tuesday on the Jamaica Stock Exchange Main Market ended, with the volume of stocks traded declining 50 percent and the value 47 percent lower than on Monday, with the lower demand putting pressure on the majority of the 59 securities that traded, down from 62 on Monday, resulting in the prices of 16 stocks rising, 32 declining and 11 unchanged as the market closed with Scotia Group closing at a 52 weeks’ high, while VM Investments and Eppley Caribbean Fund traded at 52 weeks’ lows.

The market closed with a mere 5,969,741 shares trading for a measly $34,563,641 down from 11,953,622 stocks at $65,051,577 on Monday.
Trading averaged just 101,182 shares at a mere $585,824 per company, from 192,800 stocks at $1,049,219 on Monday and month to date, an average of 217,104 units at $1,969,859 compared with 233,664 shares at $2,167,578 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 1.66 million shares for 27.8 percent of total volume followed by Transjamaican Highway with 1.27 million units for 21.3 percent of the day’s trade and Pulse Investments with 524,138 stock units for 8.8 percent market share.
The All Jamaican Composite Index declined 801.66 points to wrap up trading at 361,462.74, the JSE Main Index dropped 2,000.45 points to settle at 314,353.67 and the JSE Financial Index popped 0.21 points to finish at 64.89. The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and three with lower offers.

The Main Market ended with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of market activity, AS Bryden gained $2.90 to finish at $34 with 7 shares changing hands, Eppley fell 40 cents and ended at $32.50 after investors exchanged 1,964 stocks, Eppley Caribbean Property Fund lost $6.85 to close at a 52 weeks’ low of $30.15 with a transfer of 4,417 shares. General Accident sank 54 cents to $6 with 341,750 stock units traded at close, Guardian Holdings dropped $1 to end at $314 as 671 shares switched ownership, Jamaica Producers shed $1.89 in closing at $20.10 after a transfer of 6,554 units. Massy Holdings sank $7 to $74 with 2994 stocks traded, MPC Caribbean Clean Energy rose $12.50 to finish at $88 with an exchange of 374 stock units, Proven Investments climbed 93 cents and ended at $18.83 with 30,570 shares crossing the market. Sagicor Group increased $1.01 to close at $39.11 after an exchange of 5,248 units, Scotia Group popped $1 to end at a 52 weeks’ high of $48 with investors swapping 39,310 stocks, Seprod rallied 50 cents to close at $84.50 with 17,933 stock units clearing the market and Sygnus Real Estate Finance dipped $1.01 to $11.49 in an exchange of 2,369 shares.

In the preference segment, Jamaica Public Service 7% skidded $4.40 and ended at $40.50 with an 21 units crossing the market and 138 Student Living preference share advanced $22.51 to finish at $264 with investors trading 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group

Gains for USD market, others fall

November 12, 2024 by IC Insider.com

Trading dropped back to more levels that are may be considered more recently normal on Tuesday on the Jamaica Stock Exchange with a decline in the volume and the value of stocks that were exchanged than on Monday, resulting in Main and Junior Market indices falling, while the JSE USD Market rose with the market ended, with prices of 32 shares rising, 58 declining and 22 remaining firm.

At the close of trading, the JSE Combined Market Index declined by 2,111.42 points to finish at 327,127.62, the All Jamaican Composite Index skidded 801.66 points to wrap up trading at 361,462.74, the JSE Main Index fell 2,000.45 points to settle at 314,353.67, the Junior Market Index sank 27.66 points to close at 3,697.98, and the JSE USD Market Index climbed 4.43 points to 243.34.

Market activities resulted in trading of 23,239,607 shares in all three markets, down sharply from 97,681,145 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to just $70.63 million, much lower than the $332.73 million on the previous trading day and the JSE USD market closed with an exchange of 93,280 shares for US$4,522 from 23,932 units at US$3,328 on Monday.
In Main Market activity, Wigton Energy led trading with 1.66 million stocks followed by Transjamaican Highway with 1.27 million shares and Pulse Investments with 524,138 units.
In Junior Market trading, Stationery and Office Supplies led trading with 8.07 million stocks followed by Dolla Financial with 5.31 million shares and Jamaican Teas with 1.03 million units.
In the preference segment, Jamaica Public Service 7% fell $4.40 to $40.50, 138 Student Living preference share advanced $22.51 in closing at $264.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12.7 based on 2024-25 earnings and 20.6 using 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated data to help in decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making. The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Omni Industries, Pan Jamaica, PE Ratio of Jamaican stocks, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm

Trading drops on the JSE Main Market

November 11, 2024 by IC Insider.com

Trading on the Jamaica Stock Exchange Main Market ended Monday, with a 31 percent fall in the volume of stocks traded following a 75 percent drop in funds passing through the market compared with Friday, resulting in activities in 62 securities up from 57 on Friday and ending with prices of 21 rising, 20 declining and 21 ending unchanged.

The market closed with 11,953,622 shares trading costing $65,051,577 compared to 16,566,578 stock units at $251,744,914 on Friday. Trading ended with an average of 192,800 shares at $1,049,219 down from 290,642 stocks at $4,416,577 on Friday. For month to date, trading averaged 233,664 stock units valued $2,167,578, lower than the average of 240,882 shares at $2,365,123 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 5.05 million shares for 42.2 percent of total volume followed by Transjamaican Highway with 2.39 million stock units for 20 percent of the day’s trade and Lasco Manufacturing with 1.30 million units for 10.9 percent share of the total volume.
At the close of trading, the All Jamaican Composite Index dropped 1,411.66 points to end at 362,264.40, the JSE Main Index shed 1,362.91 points to finish at 316,354.12 and the JSE Financial Index sank 0.77 points to settle at 64.68. The Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and three with lower offers, a b signal for Tuesday’s opening.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close slow day of trading, AS Bryden dipped $2.90 to end at $31.10 with 955 stock units changing hands, Caribbean Cement fell by $2.39 to end at $69.01 after investors exchanged 7,321 shares, Kingston Wharves rallied $1.60 to finish at $30 with 18,667 units traded. Massy Holdings increased $1.40 and ended at $81 as 2,018 stocks crossed the market, NCB Financial sank $1 to close at $50.50 after an exchange of 75,019 shares, Proven Investments lost $2.07 to close at $17.90 with investors trading 7,014 stock units.

Sagicor Group dropped $1.90 to $38.10 as 5,576 stocks crossed the exchange, Scotia Group popped $1.39 in closing at $47 following the drying up of offers for the stock units against increased demand, with traders dealing in 161,697 units and Sygnus Real Estate Finance advanced $1 and ended at $12.50 in an exchange of 4,552 stocks.

In the preference segment, Jamaica Public Service 9.5% dipped $4.99 to finish at $2,895 with investors swapping 10 units, 138 Student Living preference share jumped $48.49 to close at $241.49 after an exchange of just 9 shares and Sygnus Credit Investments C10.5% popped $3 higher to end at $105 with 26 stock units having been traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Dolla Financial dominates trading

November 11, 2024 by IC Insider.com

Trading on the Jamaica Stock Exchange on Monday rose sharply higher than in market activities on Friday and ended with a big surge in the volume of stocks traded following 76.8 million shares changing hands in Dolla Financial, with a value of in the overall market jumping higher than the previously traded level, resulting in the indices in all three markets closing lower. At the end of trading prices of 37 shares rose, 42 declined and 40 remained firm.

At the close of trading the JSE Combined Market Index shed 1,717.88 points to end at 329,239.04, the All Jamaican Composite Index fell 1,411.66 points to wrap up trading at 362,264.40, the JSE Main Index dipped 1,362.91 points to end the day at 316,354.12, the Junior Market Index dropped 57.75 points to end at 3,725.64, and the JSE USD Market Index skidded 7.54 points to wrap-up trading at 238.91.
At the close of trading, 97,124,145 shares were exchanged in all three markets, sharply up from 19,818,291 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $330.7 million, solidly above the $255.86 million on the previous trading day and the JSE USD market closed with an exchange of 23,932 shares for US$3,328 down from 45,633 units at US$7,963 on Friday.
In Main Market activity, Wigton Energy led trading with 5.05 million stocks followed by Transjamaican Highway with 1.83 million shares and Lasco Manufacturing with 1.30 million units.
In Junior Market trading, Dolla Financial led trading with 76.83 million stocks followed by One Great Studio with 2.64 million shares and Derrimon Trading with 1.70 million units.
In the preference segment, Jamaica Public Service 9.5% skidded $4.99 and ended at $2895, 138 Student Living preference share increased $48.49 to $241.49 and Sygnus Credit Investments C10.5% climbed $3 to finish at $105.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13 based on 2024-25 earnings and 21.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors regularly updated information to help decision-making. The PE ratio chart covers ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.

The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making. The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Dolla Financial, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Omni Industries, Pan Jamaica, PE Ratio of Jamaican stocks, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm

Guardian & Caribbean Cream top ICTOP10

November 10, 2024 by IC Insider.com

Stocks ended the past week with the Jamaica Stock Exchange two main markets closing slightly down with the All Jamaica Composite and Junior Market Indices slipping and the JSE Main Index just managing to hold on to some gains. Effectively the markets held on to the majority of gains of the previous week with a number of stocks have limit supplies on offer and thus inducing buyers to bid the prices of some stocks higher.

The Junior Market TOP10 had just two stocks gaining with 6 falling and in the Main Market TOP10 only one stock gained and 7 declined. Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exacting than the Junior and Main Market TOP10 lists. Caribbean Cream continued to hold the number one spot in the Junior Market followed by Elite Diagnostic.
In the Junior Market ICTOP10, Access Financial rose 12 percent to close at a $20.07 and One great Studio picked up 8 percent to close at 70 cents. Caribbean Assurance Brokers and Caribbean Cream shed 8 percent to close at $3.27 and $3.17 respectively, with other declining stocks losing 3 percent or less.
In the Main Market ICTOP10, the only winning stock, Berger Paints popped 5 percent to $8.44. JMMB Group, 138 Student Living and Pulse Investments all fell 7 percent to end at $22.25, $4.06 and $1.49 respectively, with the rest losing 2 percent or less.
No stock fell out of the Junior Market IC TOP10 at the end of the week. There was one change to JSE Main Market ICTOP10, with Lasco Distributors falling out and replaced by Jamaica Broilers.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.6 and the Junior Market TOP10 sits at 6.7, just more than half of the market, with an average of 12.7.
The Main Market ICTOP10 is projected to gain an average of 305 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 212 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 108, with an average of 30 and 22 excluding the highest PE ratios, and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 10 stocks, 21 percent of the market, with PEs ranging from 15 to 27 with an average of PE of 19 and a PE of 16 for half of the market with the highest PEs.
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 2025 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, resulting 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.

Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: 138 Student Living, AMG Packaging, Berger Paints, Caribbean Cream, Daily Trading, Emerging markets, General Accident, Guardian Holdings, Iron Rock Insurance, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Key Insurance, NCB Financial, One Great Studio, Pulse Investments, Stocks to Watch, TOP 10 stocks, Trading Activity, tTech

Wigton blows up trading on JSE Main Market

November 8, 2024 by IC Insider.com

Wigton Energy cornered nearly a third of the volume of Trading on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded rising 128 percent, with the value 404 percent more than on Thursday and similar to Thursday 57 securities were traded, with prices of nine rising, 28 declining and 20 ending unchanged.
The market closed with 16,566,578 shares trading for $251,744,914 up sharply from 7,270,315 stock units at $49,987,155 on Thursday.

Trading averaged 290,642 shares at $4,416,577 compared with 127,549 stocks at $876,968 on Thursday and for the month to date, an average of 240,882 units at $2,365,123 up from 231,235 shares at $1,967,392 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 5.08 million shares for 30.7 percent of total volume followed by Lasco Distributors with 1.95 million stock units for 11.8 percent of the day’s trade, Sagicor Select Financial Fund with 1.56 million stock units for 9.4 percent market share, Jamaica Producers with 1.50 million stock units for 9.1 percent of shares traded and GraceKennedy with 1.22 million units for 7.3 percent of total volume.
points to wrap up trading at 65.45. The Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two with lower offers. The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.

At the close of market activities, Barita Investments fell $2 to end at $73 in trading 2,171 stock units, Eppley skidded $2.40 to $32.90 with a transfer of 84,608 shares, Eppley Caribbean Property Fund fell $4.55 and ended at $37 with 94,218 stocks crossing the exchange. Guardian Holdings advanced $3 in closing at $315 with traders dealing in just 4 units. Jamaica Broilers dropped $1.16 to finish at $37 after a transfer of 520,372 stock units, JMMB Group lost $1.38 to close at $22.25 with investors dealing in 814,821 units. Lasco Manufacturing sank 60 cents to $7.60 as 102,840 shares changed hands, MPC Caribbean Clean Energy shed $8.80 to end at $75.50 as investors exchanged 500 stock units, NCB Financial declined 65 cents in closing at $51.50 with 149,508 shares traded. Pan Jamaica shed $2.50 to close at $47, with 620,960 units switching owners at the close of the market, Supreme Ventures slipped $1.40 to finish at $21.40 with an exchange of 12,443 stocks and Wisynco Group lost 45 cents and ended at $21.50 with 284,010 stock units clearing the market.

In the preference segment, Eppley 7.50% preference share popped 73 cents to $6.30 in an exchange of just one share and Sygnus Credit Investments C10.5% dropped $3 to close at $102 with investors swapping 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading gains for Jamaica Stock Exchange

November 8, 2024 by IC Insider.com

Trading on the Jamaica Stock Exchange ended on Friday with a rise in the volume of stocks changing hands with a value that was marginally higher, with a vastly greater value than in Thursday’s activities resulting in Main Market major indices falling, while the Junior Market and USD Market indices closed moderately higher than the previous close as trading resulted in prices of 22 shares rising, 48 declining and 33 remaining firm.

At the close of trading the JSE Combined Market Index lost 1,457.31 points to close trading at 330,956.92, the All Jamaican Composite Index sank 2,128.02 points to finish at 363,676.06, the JSE Main Index dipped 1,605.10 points to end at 317,717.03, the Junior Market Index rose 10.77 points to end at 3,783.39 and the JSE USD Market Index popped 4.94 points to cease trading at 246.45.
At the close of trading, 19,818,291 shares were exchanged in all three markets, up from 19,717,982 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $255.86 million, which is greater than the $75 million on the previous trading day and the JSE USD market closed with an exchange of 45,633 shares for US$7,963 compared to 200,050 units at US$36,385 on Thursday.
In Main Market activity, Wigton Energy led trading with 5.08 million stocks followed by Lasco Distributors with 1.95 million shares and Sagicor Select Financial Fund with 1.56 million units.
In Junior Market trading, EduFocal led trading with 2.04 million stocks followed by Spur Tree Spices with 244,502 shares and Dolla Financial with 124,039 units.
In the preference segment, Sygnus Credit Investments C10.5% dipped $3 and ended at $102.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12,9 based on 2024-25 projected earnings and 21.1 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other 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 within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Pan Jamaica, PE Ratio of Jamaican stocks, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm

Solid gains for JSE Main Market

November 7, 2024 by IC Insider.com

Stocks delivered solid gains at the close of trading on the Jamaica Stock Exchange Main Market on Thursday, following an 18 percent decreased trading volume with the value falling 81 percent lower than on Wednesday, with activities in 57 securities compared with 59 previously and leading to prices of 21 stocks rising, 19 declining and 17 ending unchanged.

The market closed with 7,270,315 shares trading for $49,987,155 from 8,830,318 stocks at $268,011,472 on Wednesday.
Trading averaged 127,549 shares at $876,968 compared with 149,666 stocks at $4,542,567 on Wednesday and month to date, an average of 231,235 units at $1,967,392 down on 256,172 shares at $2,229,646 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Trading was led by Wigton Energy with 2.10 million shares for 28.9 percent of total volume followed by Transjamaican Highway with 1.24 million stock units for 17 percent of the day’s trade and QWI Investments with 1.13 million units for 15.6 percent market share.
The All Jamaican Composite Index advanced 3,204.71 points to end at 365,804.08, the JSE Main Index popped 2,259.74 points to 319,322.13 and the JSE Financial Index advanced 0.31 points to wrap up trading at 65.91. The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Barita Investments slipped 95 cents in closing at $75 clearing with 2,202 stocks the market, Carreras gained 48 cents to $11.88 as investors exchanged 379,482 units, Eppley lost $2.14 to end at $35.30, 169 shares crossing the market. First Rock Real Estate dipped 50 cents and ended at $10 with a transfer of 6,000 stock units, Jamaica Broilers popped $2.55 to close at $38.16, with 61,669 shares crossing the exchange, Kingston Wharves climbed 89 cents to finish at $28.48 with investors trading 550 stock units. Margaritaville sank 51 cents to $14.79, with just one unit changing hands, NCB Financial rose $1.75 in closing at $52.15 with traders dealing in 9,174 stocks, Pan Jamaica advanced $2.40 to finish at $49.50, with 100 shares passing through the market. Proven Investments rallied $2.55 and ended at $19.99 after investors ended trading 10,505 stocks and Supreme Ventures increased $1.59 to close at $22.80 after an exchange of 92,318 units.

In the preference segment, Eppley 7.50% preference share dropped 98 cents to end at $5.57 with investors trading 1,000 stock units and 138 Student Living preference shares shed $17 to $193 after six shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market jumps Junior Market falls

November 7, 2024 by IC Insider.com

Trading on Thursday on the Jamaica Stock Exchange ended with a rise in the volume of stocks that were exchanged with a lower value than on Wednesday, resulting in Main Market major indices rising, the Junior Market’s closing down and the JSE USD Market rising. At the close, trading resulted in prices of 38 shares rising, 31 declining and 36 remaining firm.

At the close of trading the JSE Combined Market Index rallied 1,932.36 points to wrap up trading at 332,414.23, the All Jamaican Composite Index popped 3,204.71 points to 365,804.08, the JSE Main Index climbed 2,259.74 points to finish at 319,322.13, the Junior Market Index fell 31.79 points to close at 3,772.62, and the JSE USD Market Index popped 6.17 points to wrap-up trading at 241.51.
At the close of trading, 19,717,982 shares were exchanged in all three markets, up from 12,793,349 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $75 million, which is lower than the $274.1 million on the previous day and the JSE USD market closed with an exchange of 200,050 shares for US$36,385 compared to 149,669 units at US$12,181 on Wednesday.
In Main Market activity, Wigton Energy led trading with 2.10 million stocks followed by Transjamaican Highway with 1.24 million shares and QWI Investments with 1.13 million units.
In Junior Market trading, Jamaican Teas led with 5.62 million stocks followed by Mailpac Group with 1.72 million shares and One Great Studio with 1.55 million units.
In the preference segment, 138 Student Living preference share fell $17 in closing at $193.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.1 based on 2024-25 projected earnings and 21.3 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other 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 within a sector and the overall market.

Earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Pan Jamaica, PE Ratio of Jamaican stocks, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm

JSE Main Market drops on higher trading

November 6, 2024 by IC Insider.com

Trading jumped on the Jamaica Stock Exchange Main Market on Wednesday, with a 62 percent rise in the volume of stocks traded resulting in a 514 percent rise in value over Tuesday, with trading taking pace in 59 securities compared with 58 on Tuesday, with the market indices dropping as the prices of just 12 stocks rising, 28 declining and 19 ending unchanged.

The market closed with 8,830,318 shares trading for $268,011,472 up from 5,438,609 units at $43,671,309 on Tuesday.
Trading averaged 149,666 shares at $4,542,567 compared to 93,769 stocks at $752,954 on Tuesday and for the month to date, an average of 256,172 stock units at $2,229,646 compared with 291,474 shares at $1,463,004 on the previous day and October with an average of 205,025 stock units at $2,311,672.
GraceKennedy led trading with 2.88 million shares for 32.6 percent of total volume followed by Wigton Energy with 1.75 million stock units for 19.8 percent of the day’s trade and Mayberry Group with 1.0 million units for 11.3 percent of the day’s trade.
The All Jamaican Composite Index sank 2,874.92 points to 362,599.37, the JSE Main Index declined by 1,451.98 points to conclude trading at 317,062.39 and the JSE Financial Index slipped 0.41 points to end the day at 65.60. The Investor’s Choice bid-offer indicator shows 16 stocks ended with bids higher than their last selling prices and only two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.4. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Berger Paints climbed 85 cents to finish at $7.82 with a transfer of 410 stocks, Caribbean Cement skidded $3.25 and ended at $71.50 with 5,283 units crossing the market, Carreras lost 48 cents to end at $11.40 with traders dealing in 169,735 shares. Eppley increased $2.44 to close at $37.44 with 1,552 stock units changing hands, First Rock Real Estate popped 50 cents in closing at $10.50 in trading 2,550 shares, Jamaica Producers gained 83 cents to end at $21.95 with 6,656 stock units crossing the exchange. Kingston Properties declined 55 cents to $9.45 with investors trading 1,098 units, Kingston Wharves sank 71 cents and ended at $27.59 with an exchange of 3,910 stocks, Margaritaville rose 80 cents to close at $15.30 following 300 units crossing the market. Mayberry Group rallied 59 cents in closing at $8 in an exchange of 1,001,009 stocks, NCB Financial slipped $1.40 to end at $50.40 and closed with 103,906 shares changing hands, Pan Jamaica fell $2.40 to finish at $47.10 as investors exchanged 7,723 stock units. Proven Investments dropped $2.53 to $17.44 in switching ownership of 794 shares, Scotia Group advanced 75 cents to close at $46.25 after an exchange of 1,595 stock units, Seprod sank 50 cents and ended at $84 with investors trading 36 stocks and Supreme Ventures shed 79 cents to finish at $21.21 after an exchange of 58,961 units.

In the preference segment, Eppley 7.25% preference share dropped 80 cents to end at $19.10 with investors swapping 35,125 stocks and Jamaica Public Service 9.5% preferred share close with an exchange of 40 stocks at $2,899.99 after hitting a intraday 52 weeks’ low of $2,646.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.