Trading picked up on the Jamaica Stock Exchange on Monday with a greater volume of stocks trading at a much higher value than on Monday, with both the Main and the junior Market indices dropping from Monday’s close while the JSE USD Market rose after sharp declines in a series of stocks led by Guardian Holdings, down $104.99, ISP finance with a fall of $7.50, Pan Jamaica down $5.41, Seprod falling $4.70, Eppley Property $4.30, Carib Cement off $2.77 and Access down $2,45.
Trading closed with a plunge in JSE Combined Market Index by 4,203.69 points to end trading at 323,867.88, the All Jamaican Composite Index dropped 3,347.62 points to finish at 347,377.50, the JSE Main Index dived 4,153.74 points to 310,988.80. The Junior Market Index dropped 35.17 points to wrap-up trading at 3,677.75 on Tuesday and the JSE USD Market Index rose 3.47 points to end trading at 227.60.
Investors traded 20,284,498 shares, in all three markets, up from 12,196,470 units on Monday. The value of stocks traded on the Junior and Main markets amounts to $174.37 million up from just $40.13 million on Monday, as Wisynco Group dominated trading with 5.18 million shares for $104 million. The JSE USD market closed after 198,410 shares were traded, for US$3,547 compared to 89,619 units at US$7,899 on Monday.
In the preference segment, Jamaica Public Service 7% popped $1 to end at $46.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.8 on 2022-23 earnings and 13.5 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.
Trading picks up on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 137 percent valued 215 percent more than on Friday, resulting in six securities trading on both Monday and Friday, with two rising, four declining on Monday.
Overall, 89,619 shares were traded, for US$7,899 up from 37,877 units at US$2,504 on Friday.
Trading averaged 14,937 units at US$1,316, versus 6,313 shares at US$417 on Friday, with a month to date average of 10,625 shares at US$867 compared to November with an average of 249,102 units for US$14,204.
The US Denominated Equities Index dropped 2.72 points to close at 224.13.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Proven Investments lost 0.8 of a cent to close at 12.8 US cents after 3,327 stocks passed through the market, Sygnus Credit Investments climbed 0.29 of one cent to 9 US cents with investors transferring 30,840 units and Transjamaican Highway skidded 0.01 of a cent to end at 1.7 US cents, with 55,050 shares crossing the market.
In the preference segment, Eppley 6% preference share fell 22.5 cents in closing at US$1.275 with an exchange of 71 stock units, JMMB Group 5.75% popped 6 cents and ended at US$1.80 after closing with an exchange of 14 shares and Productive Business Solutions 9.25% preference share shed 1 cent to US$11.50, with 317 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
First Rock trades 19m shares in JSE USD Market
Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands surging 16,744 percent valued 15,601 percent more than on Tuesday and resulting with trading of seven securities , compared to three on Tuesday with four rising, no declining and three ending unchanged.
Overall, 22,289,394 shares were traded, for US$1,286,713 compared to 132,328 units at US$8,195 on Tuesday.
Trading averaged 3,184,199 shares at US$183,816 compared with 44,109 shares at US$2,732 on Tuesday, with a month to date average of 252,426 shares at US$14,653 compared with 79,969 units at US$4,702 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index advanced 4.45 points to cease trading at 228.23.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share inched 0.2 of a cent higher to 4.44 US cents after an exchange of 19,350,000 units, Margaritaville rose 1.79 cent to close at 13.79 US cents after a mere one stock passed through the market, MPC Caribbean Clean Energy ended at 57 US cents with 1,187 shares changing hands, Proven Investments ended at 15 US cents after an exchange of 2,771,930 stock units, Sterling Investments advanced 0.1 of a cent to end at 1.6 US cents after 1,206 shares were traded, Sygnus Credit Investments remained at 8.71 US cents in an exchange of 65,266 units and Transjamaican Highway popped 0.01 of a cent to 1.56 US cents, with 99,804 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All traded stocks fell on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 84 percent valued 80 percent lower than on Monday and resulted in three securities traded, compared to five on Monday with all three declining.
Overall, 132,328 shares were traded, for US$8,195 compared to 837,700 units at US$41,015 on Monday.
Trading averaged 44,109 units at US$2,732, versus 167,540 shares at US$8,203 on Monday, with a month to date average of 79,969 shares at US$4,702 compared with 80,896 units at US$4,753 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index fell 3.22 points to lock up trading at 223.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Proven Investments fell 0.98 of one cent to end at 15 US cents with traders dealing in 43,281 stock units, Sygnus Credit Investments skidded 0.02 of a cent to 8.71 US cent in switching ownership of 4,000 units and Transjamaican Highway lost 0.15 of a cent in closing at 1.55 US cents with stakeholders exchanging 85,047 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.