Trading jumped on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 1,581 percent and the value 180 percent more than on Monday, as 100 million Transjamaican Highway preference shares were traded, with activity in 57 securities compared with 55 on Monday, and ended with 21 rising, 18 declining and 18 ending unchanged.
At the close, 106,705,122 shares were traded for $248,485,563 compared to 6,345,906 stock units at $88,810,985 on Monday.
Trading averaged 1,872,020 shares at $4,359,396 up sharply from 115,380 shares at $1,614,745 on Monday and month to date, an average of 330,381 units at $1,935,104 versus 154,985 units at $1,659,286, previously. Trading in October closed with an average of 214,410 units at $1,325,907.
Transjamaican Highway preference share led trading with 100 million shares valued at $200 million, for 93.7 percent of total volume followed by Transjamaican Highway ordinary share ended with 1.49 million units for 1.4 percent of the day’s trade, Wigton Windfarm followed with 1.13 million units for 1.1 percent market share, Palace Amusement closed with 1.08 million units for 1 percent market share and
Sagicor Select Financial Fund closed with 1.07 million units for 1 percent of total volume.
The All Jamaican Composite Index slipped 728.78 points to conclude trading at 349,629.13, the JSE Main Index shed 851.71 points to 314,880.91 and the JSE Financial Index eased by 0.10 points to conclude trading at 69.09.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Caribbean Cement advanced 93 cents to $50.94 after an exchange of 11,092 shares, Eppley Caribbean Property Fund popped 50 cents to end at $36.50 with investors swapping 4,293 stocks,
General Accident lost 44 cents to close at $4.56 in trading a mere 200 shares. Guardian Holdings climbed 47 cents to $412.50 with investors trading 44 stock units, Jamaica Producers increased $1.15 to end at $22.15 as 256,471 shares passed through the market, Jamaica Stock Exchange rose 65 cents to $9.10 with investors dealing in 1,545 stocks. Kingston Wharves rallied $2.29 to end at $28.79 in an exchange of 3,294 units, Pan Jamaica dropped $1 in closing at $46 with traders dealing in 7,497 stocks, Supreme Ventures gained 45 cents and ended at $26 after an exchange of 18,990 units. Sygnus Credit Investments shed 45 cents to close at $11.45 after 7,403 stocks changed hands, Victoria Mutual Investments declined 37 cents to $2.62 while exchanging 101,363 shares and Wisynco Group fell 98 cents in closing at $19.50 in switching ownership of 119,452 stock units.
In the preference segment, Eppley 7.50% preference share rose 49 cents and ended at $5.99 as investors exchanged 628 shares and JMMB Group 7% preference share climbed 40 cents to close at $2.40 after a transfer of 521 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican trade swells Main Market trading
NCB stock price surges to 3 months high
Stocks mostly declined at the end of trading on the Jamaica Stock Exchange Main Market on Monday, notwithstanding, a $6.50 surge in NCB Financial contributed significantly to lifting the market index to close trading on Monday as the stock closed trading at the highest price since late August, but still below the near $85 a year ago.
The market closed with the volume of stocks traded declining 44 percent and the value 22 percent less than Friday, with trading of 55 securities compared with 57 on Friday, and ended with prices of 12 rising, 30 declining and 13 ending unchanged, but Berger Paints closed at 52 weeks’ lows, but AS Bryden traded at a 52 weeks’ intraday high of $33.64 and an intraday low of $28.99, while Key Insurance traded at an intraday low of $2.10.
A total of 6,345,906 shares were traded for $88,810,985 compared with 11,402,012 units at $114,300,385 on Friday.
Trading averaged 115,380 shares at $1,614,745 compared with 200,035 shares at $2,005,270 on Friday and month to date, an average of 154,985 units at $1,659,286, compared to 159,869 units at $1,664,779 on the previous day. October closed with an average of 214,410 units at $1,325,907.
Transjamaican Highway led trading with 951,988 shares for 15 percent of total volume followed by Wigton Windfarm with 801,888 units for 12.6 percent of the day’s trade and Jamaica Broilers with 791,159 units for 12.5 percent market share.
The All Jamaican Composite Index rose 2,334.48 points to end at 350,357.91, the JSE Main Index climbed 733.38 points to 315,732.62 and the JSE Financial Index popped 0.45 points to settle at 69.19.
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 around 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, Barita Investments lost 55 cents in closing at $70.50 in switching ownership of 40,600 stock units, Berger Paints fell $1.60 to close at a 52 weeks’ low of $5.80 after a transfer of 121 shares, Caribbean Cement dipped 93 cents to close at $50.01 with shareholders swapping 9,077 units. Eppley Caribbean Property Fund gained $2.50 to end at $36, with 15,761 stocks crossing the market, Guardian Holdings dropped $27.96 and ended at $412.03 in an exchange of 23 shares, Jamaica Broilers shed $1.47 to end at $33.50 after 791,159 stock units passed through the market.
NCB Financial jumped $6.51 in closing at $73.50 after the trading of 223,653 stock units, Proven Investments climbed 69 cents and ended at $23.72 with investors transferring 2,148 units, Sagicor Group dropped 95 cents to end at $42, with 33,342 shares changing hands. Scotia Group skidded 50 cents to close at $34 after an exchange of 463,033 units, Seprod fell $1.95 to $75.05, with 2,878 stocks crossing the exchange, Stanley Motta lost 35 cents to end at $5.45 with investors dealing in 2,119 stock units. Sygnus Real Estate Finance dropped $1.64 in closing at $9.36, with an exchange of 153 shares and Wisynco Group popped 48 cents to close at $20.48 with 32,732 units changing hands.
In the preference segment, Eppley 7.50% preference share shed 43 cents and ended at $5.50, with 1,410 stocks crossing the market. Jamaica Public Service 7% declined $8 to $42 with traders dealing in 1,260 stock units and JMMB Group 7% preference share dipped 45 cents and ended at $2 as investors exchanged 685 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market pulls back, Juniors rise
The Jamaica Stock Exchange closed with mixed results on Friday with the JSE Main Market index rising followed by the Junior Market but the JSE USD Markets slipped and the All Jamaican Composite Index lost more ground to close out the week, following a rise in the volume of stocks traded with the value slipping from Thursday’s levels.
AS Bryden commenced trading on the Main market with investors swapping 53,309 shares with a value of J$1,575,191 and the price closed at $29 with a rise of $6.50 from the listed price.
At the close of trading, the JSE Combined Market Index popped 1,420.45 points to close at 328.954.78, while the All Jamaican Composite Index lost 1,118.17 points to conclude trading at 348,023.43, the JSE Main Index climbed 1,433.99 points to 314,999.24. The Junior Market Index rose 8.65 points to close trading at 3,828.75 and the JSE USD Market Index fell 4.00 points to 223.47.
Investors traded 13,255,970 shares in all three markets, compared to 11,392,608 stock units on Thursday. The value of stocks traded dipped on the Junior and Main markets to $118. 38 million from $123.80 million on Thursday. The JSE USD market closed after 126,524 shares were traded, for US$3,525 down from 308,440 units at US$5,303 on Thursday.
In the preference segment, Jamaica Public Service 7% climbed $8 and ended at $50 and Productive Business Solutions 9.75% preference share popped $10.20 to end at $112.20.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.7 on 2022-23 earnings and 11.8 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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.