Trading picked up on Jamaica Stock Exchange on Monday, with the Junior Market opening trading at just over 3,717 points for an 87 points early jump higher than Friday’s close but ended lower at the close, with a smaller gain while the Jamaica Stock Exchange Main Market rallied higher at the close, but the USD market dropped sharply lower by the close of trading.
The market closed with the volume and value of stocks traded jumping sharply higher compared with trading on Friday.
TransJamaica Highway dominated trading with 75.6 million shares with an exchange of a total of 87,702,748 shares in all three markets, compared with 16,410,081 units on Friday, with trading on Monday amounting to $173.1 million, in contrast to $82.4 million on the previous trading day. Trading on the JSE USD market resulted in an exchange of 620,736 shares for US$61,293 compared with 273,362 units at US$7,044 on Friday.
The JSE Combined Market Index popped 968.55 points to 335,040.96, the All Jamaican Composite Index climbed 2,102.98 points to 365,195.96, the JSE Main Index climbed 780.03 points to 323,200.32, the Junior Market gained 26.01 points to settle at 3,655.46 and the JSE USD Market Index fell 1.66 points to close at 191.48.
The market’s PE ratio ended at 18.2 based on 2021-22 earnings and 11.8 times those for 2022-23 at the close of trading.
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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
More declines for Jamaican stock markets
The Jamaica Stock Exchange Main and Junior Markets rose at the close of trading on Friday, but the USD market slipped lower with the volume and value of stocks traded falling compared with trading on Thursday.
At the close of trading, JPS 7% preference shares jumped $50 to an unrealistic record high of $$00 after investors exchanged 1,295 shares, with an exchange of 16,410,081 shares in all three markets, compared with 43,111,953 units, with a value of $82.4 million, in contrast to $101.4 million on the previous trading day. JSE USD market closed with investors trading 273,362 shares for US$7,044 compared to just 21,983,490 units at US$1.63 million on Thursday.
The JSE Combined Market Index climbed 1,499.50 points to close at 334,072.41, the All Jamaican Composite Index rose 861.71 points to 363,092.98, the JSE Main Index rallied 1,262.43 points to 322,420.29, the Junior Market gained 34.78 to end at 3,629.45 and the JSE USD Market Index fell 1.66 points to close at 215.70.
The market’s PE ratio ended at 18.2 based on 2021-22 earnings and 11.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Steady trading on the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 13 percent fall in the volume of stocks changing hands, with a value that was 21 percent lower than on Tuesday and resulting in the trading of six securities, compared to seven on Tuesday with two rising, three declining and one ending unchanged.
Investors traded 193,894 shares for US$13,133, down from 223,523 units at US$16,568 on Tuesday.
Trading remains consistent for the month to date with an average of 32,316 shares at US$2,189 on Wednesday, versus 31,932 shares at US$2,367 on Tuesday, with a month to date average of 13,503 shares at US$2,816 compared with 12,496 units at US$2,849 on the previous day. February ended with an average of 43,793 units for US$2,015.
The JSE USD Equities Index jumped 21.31 points to end at 216.14.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share rose 0.1 of a cent to 6.5 US cents after an exchange of 30 shares, Productive Business Solutions remained at US$1.75 trading one stock unit, Proven Investments lost 1.5 cents in closing at 16.5 US cents, with 21,425 stocks clearing the market. Sygnus Real Estate Finance USD share rallied 1.08 cents to 7.18 US cents after three units crossed the market and Transjamaican Highway dipped 0.06 of a cent to close at 0.9 of one US cent with a transfer of 171,800 shares.
In the preference segment, Productive Business Solutions 9.25% preference share declined 40 cents to US$12.50 with the swapping of 635 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on the Jamaica Stock Exchange
Trading picked up sharply on the Jamaica Stock Exchange on Wednesday with the value of stocks changing hands more than 10 times that on Tuesday but all three markets indices slipped at the close, with the Junior Market continuing to suffer losses with a daily decline from last week Wednesday except for a moderate rise on Monday, the JSE USD market suffered a modest slippage as the Main Market slipped modestly in the last few minutes before the close.
At the close of trading, 306,780,140 shares were exchanged in all three markets, up from just 14,282,339 units, with a value of $687.8 million, sharply up from $62.4 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 33,994 shares for US$8,060 compared to 45,731 units at US$80,169 on Tuesday.
The JSE Combined Market Index dipped 838.67 points to 339,980.15, the All Jamaican Composite Index shed 558.16 points to settle at 370,613.84, the JSE Main Index declined 341.03 points to 327,641.90, the Junior Market dropped 55.99 points to 3,741.68 and the JSE USD Market Index slipped 1.23 points to end at 220.54.
The market’s PE ratio ended at 18.7 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.