A surge in trading on the Jamaica Stock Exchange Main Market ended on Friday, with a 336 percent jump in the volume of stocks traded with a value of 1,246 percent more than on Thursday, after investors traded nearly 5.3 million shares in GraceKennedy and ended trading in 57 securities compared with 54 on Thursday, with prices of 22 stocks rising, 24 declining and 11 ending unchanged.
The market closed with 26,822,609 shares trading for $484,009,143 up from just 6,147,676 units for a mere $35,957,977 on Thursday.
Trading averaged 470,572 shares at $8,491,388 up sharply from 113,846 units at $665,888 on Thursday and month to date, an average of 434,071 units at $2,732,653 compared with 431,153 units at $2,272,278 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
JMMB Group 7.25% preference share due 2024 led trading with 13.0 million shares for 48.5 percent of total volume followed by GraceKennedy with 5.27 million stocks for 19.6 percent of the day’s trade, Wigton Windfarm with 3.31 million units for 12.3 percent market share, Carreras with 1.87 million stock units for 7 percent of trading and Transjamaican Highway with 1.47 million shares for 5.5 percent of total volume.
The All Jamaican Composite Index climbed 1,282.66 points to 358,400.25, the JSE Main Index increased 854.69 points to end trading at 321,317.22 and the JSE Financial Index rose 0.34 points to settle at 68.27.
The Main Market ended trading with an average PE Ratio of 12.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Barita Investments rose $1.76 and ended at $71.80 with traders dealing in 113 shares, Caribbean Producers rallied 89 cents to $9.30, with 384 stocks crossing the exchange, Eppley Caribbean Property Fund slipped 49 cents to finish at $39.50 with investors swapping 100 shares. First Rock Real Estate increased 58 cents to end at $9.78 in an exchange of 2,431 stock units, GraceKennedy climbed $1.50 in closing at $75.50 with investors dealing in 5,267,115 shares, Guardian Holdings fell 98 cents to close at $369 in switching ownership of 1 stock unit.
Jamaica Broilers popped 49 cents to close at $31 after 22,298 units crossed the market, Jamaica Stock Exchange sank $2.01 to close at $9.25 after an exchange of 3,201 stocks, JMMB Group shed 51 cents to end at $23.50 after 27,027 units were traded. Kingston Wharves advanced $1.04 to close at $26 with an exchange of 8,458 stocks, Mayberry Group gained 50 cents in closing at $8 as 10,016 shares passed through the market, NCB Financial rose $1 to end at $63 as investors exchanged 569,374 stock units. Pan Jamaica gained $1.50 to close at $47.50 with a transfer of 5,734 shares, Sagicor Real Estate Fund popped 59 cents to close at $7.64 after an exchange of 23 stocks, Scotia Group rallied $1.75 in closing at $43.25 with investors transferring 64,233 units. Seprod declined $2 to end at $78, with 614 stock units changing hands and Wisynco Group lost 65 cents to finish at $20.50 after an exchange of 8,096 shares.
In the preference segment, Eppley 7.25% preference share increased 34 cents and ended at $18.84 with investors trading 498 stock units and JMMB Group 7% preference share dropped 50 cents to $2.80 after a transfer of 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Grace pushes JSE trading on Friday
Declining Main Market stocks clobber risers
Falling stocks outnumbered those rising almost 3 to 1 in trading on the Jamaica Stock Exchange Main Market on Thursday, with trading in 54 securities, down from 60 on Wednesday, with prices of only 12 rising, 33 declining, including Radio Jamaica closing at a 52 weeks’ low of $1.08 and nine ending unchanged as the volume of stocks traded declining 49 percent and the value 80 percent lower than on Wednesday.
The market closed with an exchange of 6,147,676 shares for $35,957,977 compared with 12,161,308 units at $176,680,058 on Wednesday.
Trading averaged 113,846 shares at $665,888 compared with 202,688 units at $2,944,668 on Wednesday and for the month to date, an average of 431,153 units at $2,272,278 compared to 457,154 units at $2,403,909 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
Wigton Windfarm led trading with 2.66 million shares for 43.3 percent of total volume followed by Transjamaican Highway with 1.44 million units for 23.5 percent of the day’s trade and QWI Investments with 274,994 units for 4.5 percent market share.
The All Jamaican Composite Index rose 231.05 points to end at 357,117.59, the JSE Main Index climbed 655.93 points to 320,462.53 and the JSE Financial Index popped 0.28 points to 67.93.
The Main Market ended trading with an average PE Ratio of 12.4. 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 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell $2.07 to finish at $70.04 with investors trading 10,926 shares, Caribbean Cement declined 52 cents to $62.98 in an exchange of 12,265 stocks, Caribbean Producers shed 59 cents to end at $8.41 with 49,624 shares clearing the market. Eppley advanced $2.04 in closing at $39.50 with traders dealing in 31 stock units, First Rock Real Estate dropped 49 cents to close at $9.20 after a transfer of 20,549 shares, General Accident rose 90 cents and ended at $7.20, with 36,417 stocks crossing the exchange.
GraceKennedy sank $2 to $74 with a transfer of 92,957 units, Guardian Holdings climbed $9.98 to finish at $369.98 after 200 stock units passed through the market, Jamaica Broilers slipped 59 cents and ended at $30.51 with investors transferring 40,644 shares. Jamaica Stock Exchange popped $2.22 to close at $11.26 after an exchange of 11,305 stock units, JMMB Group lost 49 cents in closing at $24.01 in trading of 105,121 units, Kingston Wharves dipped $1.04 to end at $24.96 and closed after an exchange of 3,446 stocks. NCB Financial skidded $1.99 in closing at $62 with an exchange of 39,680 units, Pan Jamaica fell $1.50 to $46, with 3,190 stocks crossing the market, Sagicor Real Estate Fund shed 59 cents to finish at $7.05 as investors exchanged 307 shares. Scotia Group dipped 50 cents and ended at $41.50 in switching ownership of 112,313 stock units and Stanley Motta lost 93 cents to end at $6.61, with 3,572 shares changing hands.
In the preference segment, 138 Student Living preference share skidded $4.03 to close at $214 in an exchange of 22 stock units, Productive Business Solutions 9.75% preference share sank $8.50 to $105 with investors dealing in 1,200 stocks and Sygnus Credit Investments C10.5% slipped $2 to finish at $108 after exchanging 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rose on reduced trading
Stocks mostly rose at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded declining 61 percent valued 33 percent lower than on Tuesday, with trading in 60 securities up from 59 on Tuesday, with prices of 31 stocks rising, 18 declining and 11 ending unchanged.
Trading closed with an exchange of 12,161,308 shares for $176,680,058 compared to 31,493,482 stock units at $262,090,658 on Tuesday.
Trading averaged 202,688 shares at $2,944,668 compared to 533,788 units at $4,442,215 on Tuesday and month to date, an average of 457,154 units at $2,403,909 compared with 482,643 units at $2,349,743 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
Transjamaican Highway led trading with 3.76 million shares for 30.9 percent of total volume followed by Wigton Windfarm with 2.67 million units for 22 percent of the day’s trade and NCB Financial with 1.62 million units for 13.4 percent of the day’s trade.
The All Jamaican Composite Index jumped 4,043.31 points to cease trading at 356,886.54, the JSE Main Index rallied 3,561.72 points to lock up trading at 319,806.60 and the JSE Financial Index popped 0.49 points to finish at 67.65.
The Main Market ended trading with an average PE Ratio of 12.5. 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 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden popped $4.35 to end at $38.35, with 26 stock units clearing the market, Barita Investments rallied $2.07 to $72.11 with traders dealing in 2,624 shares, Berger Paints increased $1.70 and ended at $8.70 and closed with an exchange of just 471 units. Caribbean Cement climbed 50 cents to close at $63.50 with investors dealing in 52,166 stocks, Eppley dipped $2.04 to finish at $37.46 in trading 61 shares, General Accident sank $1.02 in closing at $6.30 after exchanging 34,922 stocks. Guardian Holdings dropped $10 to $360 with investors transferring 396 units, Jamaica Broilers rose 60 cents to close at $31.10 in switching ownership of 46,394 stocks, Jamaica Producers gained 74 cents to end at $22.55 with investors swapping 70,001 shares. Jamaica Stock Exchange shed $2.22 in closing at $9.04 with an exchange of 214,189 stocks, JMMB Group advanced 90 cents and ended at $24.50 after 270,629 units passed through the market, Kingston Wharves rose 60 cents to $26 after an exchange of 501,011 stocks.
Margaritaville climbed 92 cents and ended at $15 with investors trading just one share, Massy Holdings popped $1.89 to $89.89 in an exchange of a mere one stock unit, Mayberry Group lost 50 cents to close at $7.50, with 294 units crossing the market. NCB Financial gained $2.49 to finish at $63.99 in an exchange of 1,624,909 stock units, Pan Jamaica rallied $2.19 to $47.50, with 2,456 shares changing hands, Proven Investments advanced 43 cents in closing at $21.43 with 3,766 units crossing the exchange. Sagicor Group gained 55 cents to $40.55 in trading 9,907 stocks, Scotia Group slipped $1.20 to close at $42, with 161,192 stock units crossing the market, Seprod popped $1.01 in closing at $80 as investors exchanged 9,844 shares and Wisynco Group advanced $1 and ended at $21 after a transfer of 120,383 stocks.
In the preference segment, Jamaica Public Service 7% rose $5.40 to finish at $48 with a transfer of 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks crush risers
Stocks closed mostly lower on the Jamaica Stock Exchange Main Market on Tuesday, with trading in 59 securities compared with 57 on Monday, resulting in prices of 16 stocks rising, 27 declining and 16 ending unchanged, following a sharp pullback in the volume of stocks traded, with a decline of 82 percent with the value 53 percent lower than on Monday.
The market closed with 31,493,482 shares being traded for $262,090,658 down sharply from 176,820,638 units at $563,186,691 on Monday.
Trading averaged 533,788 shares at $4,442,215 compared to 3,102,116 units at $9,880,468 on Monday and month to date, an average of 482,643 units at $2,349,743 compared to 477,055 units at $2,121,121 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
JMMB Group 7.25% preference share due 2024 led trading with 17.0 million shares for 54 percent of total volume followed by Wigton Windfarm with 7.6 million units for 24.1 percent of the day’s trade, Massy Holdings with 1.40 million stocks for 4.4 percent market share and Transjamaican Highway with 1.17 million units for 3.7 percent of total volume.
The All Jamaican Composite Index dropped 3,652.53 points to end at 352,843.23, the JSE Main Index declined 3,035.29 points to 316,244.88 and the JSE Financial Index skidded 0.97 points to settle at 67.16.
The Main Market ended trading with an average PE Ratio of 12.5. 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 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden sank $4.42 to finish at $34 in switching ownership of 60 shares, Barita Investments skidded 99 cents and ended at $70.04, with 35,146 stock units crossing the market, Berger Paints dropped $1.70 to $7 in trading 51,255 units. Caribbean Cement dropped $1.90 to close at $63 after an exchange of 12,887 stocks, First Rock Real Estate popped $1.50 in closing at $9.80 with investors swapping 2,056 shares, General Accident climbed 68 cents to end at $7.32, with 5,404 units crossing the market. GraceKennedy rose $2 to $76 as investors exchanged 231,553 stocks, Jamaica Broilers fell 55 cents to end at $30.50, with an exchange of 57,823 stock units, Jamaica Stock Exchange rallied 93 cents in closing at $11.26 with investors dealing in 167,533 shares. JMMB Group declined 65 cents and ended at $23.60 after 234,719 stocks crossed the exchange, Kingston Properties increased 67 cents to finish at $7.80 with traders dealing in 3,026 units, Kingston Wharves shed 50 cents to close at $25.40 with 3,933 stock units clearing the market.
Lasco Distributors gained 36 cents to end at $5.45 with a transfer of 15,214 shares, Margaritaville dipped 92 cents to end at $14.08 after 13,196 stock units passed through the market, NCB Financial slipped $3 in closing at $61.50, with 154,649 stocks changing hands. Pan Jamaica lost $1.69 and ended at $45.31 after a transfer of 1,000 units, Proven Investments advanced $1 to finish at $21 in trading 473 shares, Sagicor Group dipped 90 cents to close at $40 in an exchange of 78,504 stocks. Seprod rose $2.97 to $78.99 with investors trading 284,751 units, Stanley Motta gained 68 cents to finish at $7.26 after an exchange of one stock unit and Sygnus Credit Investments sank 30 cents and ended at $10.50 with investors transferring 117,075 shares.
In the preference segment, Jamaica Public Service 7% shed $5.40 to close at $42.60 in an exchange of 295 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican big trade day
Transjamaican Highway ended the trading of 172 million shares to dominate market activity on the Jamaica Stock Exchange Main Market on Monday, with the volume of stocks traded in the overall market surging 998 percent, valued 307 percent more than on Friday, with trading in 57 securities down from 62 on Friday and ending with prices of 18 stocks rising, 24 declining and 15 ending unchanged.
The market closed with 176,820,638 shares trading for $563,186,691 well up from a total of 16,107,185 units at $138,294,154 on Friday.
Trading averaged 3,102,116 shares at $9,880,468 compared to 259,793 units at $2,230,551 on Friday and month to date, an average of 477,055 units at $2,121,121 compared with 167,265 units at $1,205,421 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
Transjamaican Highway led trading with 172.15 million shares for 97.4 percent of total volume followed by Wigton Windfarm with 1.87 million units for 1.1 percent of the day’s trade and Carreras with 686,809 units for 0.4 percent market share.
The All Jamaican Composite Index increased 299.17 points to end the day at 356,495.76, the JSE Main Index climbed 718.15 points to 319,280.17 and the JSE Financial Index advanced 0.29 points to 68.13.
The Main Market ended trading with an average PE Ratio of 12.4. 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 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments climbed 99 cents in closing at $71.03 after exchanging 10,688 shares, Berger Paints rose $1.46 to a 52 weeks’ high of $8.70 with investors swapping 1,003 stocks, following the release of solid first quarter results last week, Caribbean Producers advanced 80 cents to finish at $9 after 101,195 shares changed hands. Eppley popped $2.49 and ended at $39.50 as investors exchanged 10 stock units, General Accident sank 35 cents to close at $6.64 with 16,764 shares clearing the market, GraceKennedy dropped $2 to end at $74 with an exchange of 6,706 units. Kingston Properties lost $1.28 to $7.13, with 21,438 stocks crossing the market, Lasco Manufacturing fell 33 cents to finish at $5.14 with investors dealing in 31,861 stock units, NCB Financial gained 50 cents and ended at $64.50 with a transfer of 76,433 shares.
Pan Jamaica rallied $1.80 to end at $47 after 2,944 stock units crossed the exchange, Portland JSX skidded $1.36 in closing at $7.69 in trading 8,987 stocks, Sagicor Group increased by 71 cents to close at $40.90 after 14,523 units passed through the market. Scotia Group climbed 65 cents to $43.15 in an exchange of 146,309 stocks, Seprod shed 98 cents to close at $76.02 with traders dealing in 9,579 units, Stanley Motta declined 90 cents and ended at $6.58 after an exchange of 1,023 shares. Sygnus Real Estate Finance dipped $1.36 to finish at $10.53 with investors trading 2,324 stock units and Wisynco Group slipped 50 cents to end at $20 after a transfer of 82,268 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
60% explosion for ICTOP10 stock of the week
Caribbean Assurance Brokers (CAB) surged a solid 60 percent at the close of the week, confirming ICInsider.com projections that placed it at the top of the ICTOP10 Junior Market list for the week. The stock which traded as high as $3.80 in the week, closed at $3.52 and still has much more to do, with ICInsider.com projecting earnings at 65 cents per share for this year.
Based on closing bids and offers for CAB, the price could pull back, with most buyers still trying to get stocks below $3. The first quarter results expected this week could change that, also expected are results for the majority of companies.
There are no new listings for the ICTOP10 Junior Market for the week but in the Main Market, Berger Paints returns to the ICTOP10, for the first time since August, last year, now with projected earnings of $1.60 for the current year following solid profit in the first quarter. The newly reported figures suggest that last year’s bad results may be behind it for now.
The stock jumped 45 percent in the week and ended with 13,461 units on offer at $7.23 with the rest at $11.50 and above, but it had weak buying interest at the close. Berger replaces Lasco Manufacturing which drops out of the TOP10, with a rise in price.
General Accident and Lasco Manufacturing jumped 8 percent to close at $6.99 and $5.47 respectively, in the Main Market IC TOP10, while Margaritaville rose 5 percent to $1 and Palace Amusement dropped 6 percent to $1.02.
Junior Market ICTOP10 witnessed a 9 percent fall in tTech to close at $2.01, with Access Financial ending with a loss of 6 percent in closing at $19.85.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 12.6 and the Junior Market TOP10 sits at 6.5, just over half of the market, with an average of 12.3.
The Main Market ICTOP10 is projected to gain an average of 290 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 217 percent over the same period.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 91, with an average of 25 and 20 excluding the highest PE ratios, and a PE of 20 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 43, averaging 20, well above the market’s average.
The average PE in the top half of the market is 17, possibly the lowest fair value for stocks, currently.
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.
Trading jumps on the JSE Main Market
Trading climbed on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded rising 156 percent, with the value 123 percent more than on Thursday, with trading in 62 securities compared with 60 on Thursday, resulting in prices of 22 stocks rising, 26 declining and 14 ending unchanged.
Trading of 16,107,185 shares ended with an exchange of $138,294,154 compared with 6,285,352 units at $62,015,913 on Thursday.
Trading averaged 259,793 shares at $2,230,551 compared to 104,756 units at $1,033,599 on Thursday and month to date, an average of 167,265 units at $1,205,421 compared with 153,638 units at $1,054,452 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
Wigton Windfarm led trading with 4.66 million shares for 28.9 percent of total volume followed by JMMB 9.5% preference share with 4.11 million units for 25.5 percent of the day’s trade, Transjamaican Highway closed with 2.24 million units for 13.9 percent market share and JMMB Group with 1.05 million units for 6.5 percent of total volume.
The All Jamaican Composite Index sank 624.47 points to close trading at 356,196.59, the JSE Main Index declined 1,389.45 points to 318,562.02 and the JSE Financial Index slipped 0.28 points to 67.84.
The Main Market closed with an average PE Ratio of 12.6. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden gained 51 cents to land at $38.47 after 29 shares passed through the market, Barita Investments lost $2.43 and ended at $70.04 with investors swapping 11,169 shares, Caribbean Cement rose $3.47 in closing at $64.98, with 25,889 stocks crossing the market. Caribbean Producers shed 30 cents to close at $8.20 in an exchange of 19,126 units, Eppley declined $2.49 to finish at $37.01 and closed with an exchange of 972 stocks, First Rock Real Estate fell $1.50 to $8.40, with 45 units clearing the market. General Accident climbed 49 cents to $6.99 as investors exchanged 7 shares, GraceKennedy popped $2.50 to end at $76 after a transfer of 30,259 stock units,
Guardian Holdings advanced $10 in closing at $370 in switching ownership of 8 shares. Jamaica Broilers skidded 40 cents to close at $31.10, with 73,385 units crossing the exchange, Lasco Manufacturing gained 32 cents to end at $5.47 with a transfer of 5,600 stocks, Margaritaville sank 73 cents to finish at $15 with investors exchanging 228 stock units. Massy Holdings slipped $2 to $88 with investors trading 1,987 shares, NCB Financial dipped 48 cents to finish at $64 after an exchange of 467,997 units, Pan Jamaica dipped 30 cents and ended at $45.20 with investors dealing in 732,442 stocks. Proven Investments shed $1.03 in closing at $20 after trading 8,527 stock units, Sagicor Group dropped $1.07 to close at $40.19 with investors transferring 8,461 shares, Scotia Group sank 65 cents to end at $42.50 in an exchange of 11,068 stocks. Seprod dipped $4.50 to $77, with 15,309 units changing hands and Supreme Ventures rallied 51 cents and ended at $25.07 in trading 271,964 stock units.
In the preference segment, Eppley 7.50% preference share popped 48 cents in closing at $6.13, with 94 shares crossing the market and Jamaica Public Service 7% gained $5.40 to end at $48 with traders dealing in 124 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on the JSE Main Market
The volume of stocks trading on the Jamaica Stock Exchange Main Market rose modestly on Thursday, with the value jumping 51 percent over Wednesday’s trades, following trading in 60 securities compared with 61 on Wednesday, with prices of 23 stocks rising, 21 declining and 16 ending unchanged.
Investors traded 6,285,352 shares for $62,015,913 compared to 6,012,380 units at $41,169,914 on Wednesday.
Trading averaged 104,756 shares at $1,033,599 compared to 98,564 units at $674,917 on Wednesday and month to date, an average of 153,638 units at $1,054,452 compared with 161,763 units at $1,057,918 on the previous day and April that closed with an average of 680,802 units at $3,619,595.
Wigton Windfarm led trading with 1.96 million shares for 31.2 percent of total volume followed by Transjamaican Highway with 1.54 million units for 24.5 percent of the day’s trade and Carreras with 904,952 stock units for 14.4 percent market share.
The All Jamaican Composite Index skidded 990.72 points to 356,821.06, the JSE Main Index advanced 439.08 points to close at 319,951.47 and the JSE Financial Index sank 0.09 points to 68.12.
The Main Market ended trading with an average PE Ratio of 12.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden popped $4.85 and recovered all of the $3.64 fall on Wednesday to end at $37.96 after investors ended trading 255 shares, Berger Paints jumped 27 percent with a gain of $1.47 in closing at $6.97 after 134,577 stock units passed through the market, following solid first quarter results released after the market closed on Wednesday. Caribbean Cement skidded $3.49 to $61.51 after a transfer of 9,828 units as the stock continues to struggle to hold on to the recent highs close to $70 reached when the company reported record first quarter profit. Eppley lost 50 cents and ended at $39.50 with 837 stocks clearing the market, GraceKennedy dipped $1.50 to finish at $73.50 as investors exchanged 89,655 shares, ahead of the release in nearly flat first quarter results, Guardian Holdings sank $10 to close at $360 with a transfer of 424 stock units.
Jamaica Broilers rose 50 cents to $31.50 with investors swapping 921 stocks, JMMB Group declined 99 cents to finish at $24.01 in an exchange of 5,566 units, Lasco Manufacturing fell 40 cents and ended at $5.15 with investors dealing in 14,074 stocks. Margaritaville shed 52 cents to end at $15.73 in switching ownership of just 2 units, Massy Holdings advanced $1.40 in closing at $90 with investors trading 281 shares, Mayberry Group climbed 50 cents to close at $8 with an exchange of 46,450 stock units. NCB Financial increased $1.96 to $64.48, with 66,134 shares changing hands, ahead of results that jumped 70 percent in the March quarter and 85 percent for the half year to March. Pan Jamaica rallied 40 cents to finish at $45.50 with traders dealing in 21,241 stocks, Sagicor Group popped $1.26 and ended at $41.26 after an exchange of 2,851 units.
Seprod dropped 48 cents to end at $81.50, with 13,805 stock units crossing the market, Supreme Ventures slipped 44 cents in closing at $24.56 after exchanging 253,936 shares and Sygnus Real Estate Finance advanced $1.37 to close at $11.89 with investors transferring 403 stock units.
In the preference segment, Eppley 7.50% preference share sank 48 cents to $5.65, with 995 units crossing the exchange and Jamaica Public Service 7% shed $5.40 to end at $42.60 in trading 185 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Recent profit results ignite stocks
Some recent company results excited investors who pushed prices of the stocks to trigger the circuit breaker, with Berger and Caribbean Assurance Brokers, with recent outstanding results being pushed higher in trading to record gains of 26.7 and 16 percent respectively at the close on a day when the Main and Junior Market Indices rose and the JSE USD fell as trading on the Jamaica Stock Exchange rose on Thursday with the number and the value of stocks traded rising over the previous day, resulting in prices of 37 shares rising and 31 declining.
At the close of trading, the JSE Combined Market Index climbed 636.15 points to 333,134.30, the All Jamaican Composite Index fell 990.72 points to 356,821.06, the JSE Main Index popped 439.08 points to 319,951.47. The Junior Market Index rallied 30.89 points to end at 3,791.25 and the JSE USD Market Index slipped 3.12 points to end the day at 233.38.
At the close of trading, 13,481,892 shares were exchanged in all three markets, up from 8,017,130 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $63.38 million, much more than the $45 million on the previous trading day and the JSE USD market closed with an exchange of 727,558 shares for US$21,301 compared to 193,096 units at US$13,524 on Wednesday.
In Main Market activity, Wigton Windfarm led trading with 1.96 million shares, followed by Transjamaican Highway with 1.54 million units and Carreras with 904,952 stocks.
In the Junior Market, Mailpac Group led trading with 3.33 million shares followed by ONE on ONE Educational with 1.03 million units and Jamaican Teas with 610,100s shares.
In the preference segment, Jamaica Public Service 7% declined $5.40 to $42.60.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.6 on 2023-24 earnings and 13.2. times those for 2024-25 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 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 the more detailed daily report 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 reported as a guide for investors 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.
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Berger surges into healthy Q1 profit
There is a huge about-turn in profit at Berger Paints with $48 million generated in the first quarter of March 2024 compared with a loss of $35 million in the first quarter of 2023, following a 7.6 percent climb in sales to $772 million from $718 million in 2023.
Cost control and reduction in some cases played a major role in the turnaround in the operations, with the company reporting a small loss for the fiscal year 2022 and a much bigger $218 million loss in 2023 after a tax credit of $37 million.
The most major development is a sharp fall in the cost of material used in the production to facilitate sales with a drop to 43 percent from 57 percent with costs of $330 million in the latest quarter down from $407 million in 2023, a fall of 19 percent while other manufacturing costs coming in 12 percent lower to $14 million.
Staff cost rose 12 percent to $154 million from $138 million in 2023 while Other operating expenses jumped 17 percent to $212 million from $180 million in 2023. Depreciation rose 16 percent to $22 million from $19 million in 2023, with fixed assets net of depreciation jumping to $480 million from $289 million at the end of March 2023.
The operations generated Gross cash flow brought in $80 million, netting out at $69 million after working capital and capital spending.

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Current assets ended the period at $1.7 billion inclusive of trade and other receivables of $595 million, cash and bank balances of $224 million. Inventories were reduced by $200 million to $800 over the twelve months to March this year and receivables by $170 million over the same period to $600 million.
Current liabilities ended the period at $1.17 billion. Net current assets ended at $500 million.
At the end of March, shareholders’ equity amounts to $1.1 billion with little borrowings.
Earnings per share for the quarter was 23 cents. IC Insider.com computation projects earnings of $1.60 per share for the fiscal year ending December 2023, with a PE of 3.4 times the current year’s earnings based on the price of $5.50 the stock traded at on the Jamaica Stock Exchange Main Market. Net asset value ended the period at $5.12 with the stock selling at a mere 7 percent over book value.
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