Trading dropped sharply on the Junior Market of the Jamaica Stock Exchange on Monday, following the big trade in Dolla Financial on Friday with the volume of stocks traded declining 96 percent with a 98 percent lower value, with trading in 43 securities compared with 40 on Friday and ending with prices of 21 rising, 14 declining and eight closing unchanged.
The market closed on Monday with the trading of 4,251,907 shares for $5,779,055 down from 106,310,225 units at $249,915,230 on Friday.
Trading averaged 98,882 shares at $134,397 compared with 2,657,756 units at $6,247,881 on Friday with the month to date, averaging 421,225 stock units at $858,650 compared to 446,472 stock units at $915,377 on the previous day and June with an average of 318,732 units at $696,979.
EduFocal led trading with 2.03 million shares for 47.8 percent of total volume followed by Dolla Financial with 957,337 units for 22.5 percent of the day’s trade and JFP Ltd with 256,593 units for 6 percent market share.
At the close of trading, the Junior Market Index gained 30.31 points to end at 3,671.06.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power fell 27 cents and ended at $4.11 after the trading of 2,288 shares, Cargo Handlers rallied 55 cents to close at $12.40 after an exchange of 2,600 stock units, Caribbean Cream increased 9 to end at $3.44 with investors dealing in 312 stocks, Dolla Financial climbed 8 cents in closing at $2.88 with a transfer of 957,337 units, Dolphin Cove declined 18 cents to finish at $23 as investors exchanged 4,741 shares, Elite Diagnostic rose 6 cents to close at $1.54 after a transfer of 2,782 units. Express Catering advanced 19 cents to $3.89, with just 2 stock units changing hands, Fontana sank 43 cents and ended at $8.05 in trading 12,095 stock units, Future Energy popped 8 cents in closing at $3.29 with 150,050 shares clearing the market. Honey Bun slipped 5 cents to finish at $8.55 with an exchange of 1,486 units, iCreate sank 5 cents to end at 50 cents, with 54,113 stocks crossing the market, Indies Pharma gained 14 cents to close at $2.60 with investors trading 1,771 stock units. Jamaican Teas shed 18 cents to end at $2.12 in an exchange of 11,081 shares,
JFP Ltd popped 13 cents to end at $1.14 with traders dealing in 256,593 stock units, KLE Group climbed 21 cents in closing at $2.23 with an exchange of 4,149 units. Knutsford Express increased 15 cents to finish at $10.90 with investors swapping 616 stocks, Mailpac Group rallied 8 cents and ended at $2.16 in switching ownership of 4,342 shares, Main Event rose 70 cents to close at $12.70, with an exchange of 37 stock units. Omni Industries lost 6 cents to close at $1.04 with investors trading 25,956 stocks, Regency Petroleum gained 8 cents and ended at $2.40 after 40,602 units passed through the market, Spur Tree Spices advanced 23 cents to end at $2.15 after an exchange of 23,366 shares and tTech popped 24 cents in closing at $2.94, with just 2 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Depressed trading on JSE USD Market
Trading remained depressed on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks exchanged declining 32 percent after 214 percent more money changed hands than on Friday, resulting from trading in eight securities, up from six on Friday with prices of two rising, two declining and four ending unchanged, with Margaritaville trading at a 52 weeks’ low.
The market closed on Monday with an exchange of 36,773 shares for US$4,077 compared to 54,388 units at US$1,299 on Friday.
Trading averaged 4,597 stock units at US$510 versus 9,065 shares at US$216 on Friday, with the month to date ending with an average of 34,886 shares at US$2,459 compared to 38,205 units at US$2,673 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index gained 0.37 points to cease trading at 226.79.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is computed based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading on Monday, AS Bryden ended at 22.49 US cents with traders dealing in 1,045 shares, First Rock Real Estate USD share remained at 4.03 US cents after an exchange of 12,191 stock units, Margaritaville dipped 0.1 of a cent to close trading at a 52 weeks’ low of 7.9 US cents with an exchange of 1,629 shares.
MPC Caribbean Clean Energy fell 1 cent to 69 US cents after 298 stocks changed hands, Proven Investments ended at 12 US cents, with 150 shares crossing the market, Sterling Investments rose 0.06 of a cent to end at 1.83 US cents with investors trading 706 stock units and Transjamaican Highway rallied 0.03 of a cent to 2.03 US cents with investors dealing in 19,424 stocks.
In the preference segment, JMMB Group 5.75% ended at US$1.95 in switching ownership of 1,330 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for Trinidad Exchange
Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Monday, but that did not prevent the two major market indices from falling following an 18 percent decline in the volume of stocks traded with a 10 percent greater value than on Friday and resulting in the trading of 14 securities down from 17 on Friday and ending with prices of seven stocks rising, three declining and four ended firm.
The market closed with trading of 35,422 shares for $461,124 compared to 43,150 stock units at $420,035 on Friday.
An average of 2,530 shares were traded at $32,937 compared with 2,538 units at $24,708 on Friday, with trading month to date averaging 9,030 shares at $152,034 compared with 9,376 units at $158,374 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index dipped 2.39 points to close at 1,118.43, the All T&T Index dropped 4.62 points to finish at 1,681.73, the SME Index closed unchanged at 87.78 and the Cross-Listed Index remained at 72.18.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Angostura Holdings lost 81 cents to finish at $17.25 with a transfer of 8 shares, First Citizens Group popped 1 cent to $44.06 with an exchange of 484 stock units, FirstCaribbean International Bank ended at $6.86 with an exchange of 151 shares. Guardian Holdings dipped 15 cents in closing at a 52 weeks’ low of $15.60 with investors trading 150 stock units, JMMB Group remained at $1.10 after an exchange of 140 shares, Massy Holdings popped 10 cents to close at $3.70 with investors trading 11,760 stocks. National Enterprises ended at $3.21 after a transfer of 3,570 units, Prestige Holdings rallied 50 cents to close at $12 in switching ownership of 1,149 stock units,
Republic Financial rose 25 cents tot $115 after an exchange of 2,855 shares. Scotiabank remained at $64 in trading just 1 stock unit, Trinidad & Tobago NGL climbed 25 cents to end at $7, with 92 stocks crossing the exchange, Trinidad Cement sank 5 cents to finish at $2.60, with 15,000 stock units being traded. Unilever Caribbean increased 40 cents and ended at $11 in an exchange of 12 shares and West Indian Tobacco advanced 5 cents to $8.50, with 50 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
ICTOP10 reshuffle with one new stock
The Main Market of the Jamaica Stock Exchange slipped 2.3 percent in value in the past week while the Junior Market lost 2.2 percent, primarily due to declines in prices of Cargo Handlers, Caribbean Cream, Express Catering and Indies Pharma. The Main Market was hit with a 13 percent drop in the value of NCB Financial Group shares.
With the decline in the price of NCB Financial, the stock is so close to the TOP10 and is now peeping in but could be a struggle before moving sustainably upwards. The demand for the stock is weak currently and the price could be trading in the $40 region. Technical reading suggests a $45 price is not far-fetched before in finding a bottom.
At the end of the week, Dolla Financial rose 12 percent to $2.80 followed by Access Financial closing at $21.96 after gaining 10 percent and tTech up 8 percent to $2.70.
Caribbean Cream and Consolidated Bakeries lost 11 percent each to close at $3.35 and $2.00 respectively and AMG Packaging declined by 5 percent to $3.02. In the Main Market, Berger Paints rose 7 percent to $8.40 to be the leading mover followed by 138 Student Living up 6 percent to $4.09. There are no major declining stocks in the ICTOP10.
Guardian Holdings moved up on the JSE TOP10 listing, with earnings per share revised from $71 to $92 helped by a fall in the price at the close of the week. Price gain for Access Financial resulted in it moving from the 5th spot last week out of the list this week and Caribbean Assurance Brokers moved into the listing, following price slippage during the week.
Lasco Financial Services returns to the Junior Market TOP10, replacing Dolla Financial rising appreciably during the week. The Main Market had no changes.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.9, just over half of the market, with an average of 12.5.
The Main Market ICTOP10 is projected to gain an average of 319 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 211 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 92, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 10 stocks, or 21 percent of the market, with PEs ranging from 15 to 20, averaging 18, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure 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 drops on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with a 78 percent fall in the volume of stocks exchanged and an 85 percent lower value than on Thursday, resulting in trading in six securities, compared to four on Thursday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 54,388 shares for US$1,299 compared to 243,125 units at US$8,678 on Thursday.
Trading averaged 9,065 stock units at US$216 versus 60,781 shares at US$2,169 on Thursday, with a month to date average of 38,205 shares at US$2,673 compared with 40,815 units at US$2,892 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index dropped 0.63 points to close at 226.42.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden remained at 22.49 US cents with investors dealing in 102 stocks, First Rock Real Estate USD share ended at 4.03 US cents in an exchange of 3,016 shares,
Margaritaville sank 0.5 of a cent and ended at 8 US cents after just 1 stock passed through the market. MPC Caribbean Clean Energy rose 1 cent to close at 70 US cents as investors exchanged a mere 1 stock unit and Transjamaican Highway lost 0.09 of a cent in closing at 2 US cents with 51,165 shares clearing the market.
In the preference segment, JMMB Group US8.5% preference share climbed 24.99 cents to end at US$1.2499 with investors trading 103 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks dominate Trinidad Exchange
Falling stocks outdistanced those gaining on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 17 securities compared with 15 on Thursday and ending with prices of five stocks rising, nine declining and three ending unchanged with two declining stocks traded at 52 weeks’ low.
The volume of stocks traded declined by 67 percent with a 60 percent lower value than on Thursday, with trading of 43,150 shares for $420,035 compared to 129,847 stock units at $1,051,586 on Thursday.
An average of 2,538 shares were traded at $24,708 compared with 8,656 units at $70,106 on Thursday, with trading month to date averaging 9,376 shares at $158,374 compared with 9,848 stock units at $167,611 on the previous day and an average for June of 9,110 shares at $119,497.
The Composite Index rallied 0.08 points to wrap up trading at 1,120.82, the All T&T Index popped 3.02 points to close at 1,686.35, the SME Index remained unchanged at 87.78 and the Cross-Listed Index declined 0.43 points to end the day at 72.18.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Angostura Holdings increased 6 cents to end at $18.06 with investors swapping 1,000 stock units, Ansa McAl dropped $4.98 in closing at $58.52 after just one share passed through the market, Calypso Macro Investment Fund climbed 55 cents to $24.25 with investors dealing in 800 units. First Citizens Group remained at $44.05 after an exchange of 2,905 stock units, FirstCaribbean International ended at $6.86 with investors trading 647 shares, Guardian Holdings rose 15 cents to $15.75 with an exchange of 1,000 stock units. JMMB Group sank 4 cents to a 52 weeks’ low of $1.10 with 908 units changing hands, Massy Holdings skidded 10 cents in closing at $3.60 with traders dealing in 12,935 stocks, National Enterprises remained at $3.21 after an exchange of 11,045 units.
National Flour Mills fell 2 cents to close at $2.10 with investors trading 5,015 stocks, Point Lisas declined 18 cents to end at $3.10 in an exchange of 100 shares, Prestige Holdings shed $1.20 to finish at $11.50 after trading of 1,777 stock units. Republic Financial sank 25 cents to $114.75 as investors exchanged 353 shares, Scotiabank advanced 1 cent to end at $64 with a transfer of 610 stocks, Trinidad & Tobago NGL slipped 25 cents in closing at a 52 weeks’ low of $6.75, with 100 stock units crossing the exchange. Unilever Caribbean lost 40 cents and ended at $10.60 in switching ownership of 1,584 stock units and West Indian Tobacco popped 15 cents to finish at $8.45 crossing the market 2,370 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Massy Holdings and
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending around August 2025.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading averaged 2,657,756 shares at $6,247,881 compared to 63,930 units at $157,696 on Thursday. Trading for the month to date, averages 446,472 stock units at $915,377 compared with 272,698 stock units at $496,319 on the previous day and June with an average of 318,732 units at $696,979.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed with an exchange of 7,104,872 shares for $275,255,774 compared with 26,580,065 units at $169,019,186 on Wednesday.
The Main Market ended trading with an average PE Ratio of 13.8. 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.
Kingston Wharves fell $1.84 in closing at $25.99 after a mere 2,089 shares passed through the market, Mayberry Jamaican Equities climbed 64 cents to end at $9.52 as investors exchanged 4,698 units and Proven Investments rose 65 cents to $19.75, with 36,876 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 2,685,073 shares for $6,623,219 down from 5,990,982 units at $9,247,492 on Wednesday.
At the close, AMG Packaging declined 11 cents to $3.19 in switching ownership of 24,500 stocks, Cargo Handlers popped $1.24 to close at $12.94 after 450 shares passed through the market, Caribbean Assurance Brokers fell 24 cents to finish at $3.50 trading 7,728 stocks. Caribbean Cream lost 30 cents and ended at $3.45 after an exchange of 28,357 stock units, Caribbean Flavours dipped 6 cents in closing at $1.54 with 5,300 stocks, Derrimon Trading slipped 5 cents to end at $2 after investors exchanged 501 shares. Dolla Financial dipped 11 cents to $2.49 with a transfer of 316,992 stock units, Dolphin Cove gained 18 cents and ended at $23.18, with 2,933 units crossing the exchange, EduFocal sank 5 cents to finish at a 52 weeks’ low of 43 cents with investors swapping 4,265 shares. Express Catering shed 13 cents to end at $3.90 and closed after an exchange of 8,352 units, Fontana dropped 35 cents in closing at $8.13 with investors dealing in 8,570 stocks, Honey Bun skidded 15 cents to close at $8.60 after an exchange of 33,962 stock units. Indies Pharma rose 9 cents to $2.59 in trading 840 shares,
Jamaican Teas lost 7 cents to finish at $2.25, with 4,256 stock units crossing the market, Knutsford Express slipped 15 cents and ended at $10.75 with traders dealing in 1,685 stocks. Lasco Financial sank 14 cents to end at $1.70 after a transfer of 6,200 stock units, Limners and Bards skidded 9 cents in closing at $1.80 with investors trading 1,462 shares, Lumber Depot rallied 5 cents to close at $2.80 after an exchange of 500 units. Main Event increased 50 cents to $13 with investors trading 7,700 stocks, One Great Studio climbed 5 cents to close at 82 cents in an exchange of 67,623 stock units, Regency Petroleum fell 9 cents to finish at $2.32 with 12,005 shares changing hands and Spur Tree Spices advanced 5 cents and ended at $1.95 with an exchange of 283,557 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.