Trading surged on the Jamaica Stock Exchange on Tuesday, as the Junior Market index rose but the Main and the USD markets declined after trading level more than doubled that on Monday as Eppley traded 8.4 million shares at a value of $358 million and JMMB Group 7.25C preference share traded 5 million units for $96.5 million
At the close, the JSE Combined Market Index dipped 113.78 points to end at 343,326.17, the All Jamaican Composite Index fell 659.59 points to 366,145.89, the JSE Main Index slipped 272.83 points to 328,865.48 fell 659.59 points to 366,145.89, the JSE Main Index declined 272.83 points to 328,865.48. The Junior Market Index rose 15.38 points to close at 3,984.34. The JSE USD Market Index fell 6.53 points to close at 242.48.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Eppley 7.50% preference share that dipped $1.08 to $6.09, Jamaica Public Service 7% dropping $8.62 to close at $48.88. Jamaica Public Service 9.5% fell $22 to end at $2978, 138 Student Living preference share rose $17 to end at $105 and Productive Business Solutions 9.75% preference share rallied $12.90 to $103.
At the close, investors exchanged 83,893,459 shares in all three markets, up sharply from 24,673,817 stocks on Monday. The value of stocks trading in the Junior and Main markets was $654.8 million, a big climb from $192.4 million on Monday. Trading on the JSE USD market ended with an exchange of 447,072 shares for US$12,058 from 1,296,152 units at US$10,636 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.8 on 2022-23 earnings and 12.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies 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 and 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 base 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 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 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.
JSE markets fall in welcoming July
All three markets on Jamaica Stock Exchange closed lower on Monday, but the Junior Market made solid gains throughout the trading session after it opened down to just over 3,909 points within minutes of opening, thanks to a big jump in the prices of Fontana and Stationery and Office Supplies, the market index ended much higher at the close, but the Main and the USD Market suffered sharp reversal to Friday’s close.
At the close, the JSE Combined Market Index dropped 2,842.58 points to close at 343,439.95, the All Jamaican Composite Index dived 3,768.45 points to 366,805.48, the JSE Main Index declined 2,896.62 points to finish at 329,138.31. The Junior Market Index lost 15.27 points to close at 3,968.96. The JSE USD Market Index fell 7.39 points to close at 249.01.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Jamaica Public Service 7% shed $9.50 and ended at $57.50 and 138 Student Living preference share advanced $3 in closing at $88.
At the close, investors exchanged 24,673,817 shares, in all three markets, down sharply from 48,899,684 stocks on Friday. The value of stocks trading in the Junior and Main markets was $192.4 million, down from $307.37 million on Friday. Trading on the JSE USD market ended with investors exchanging 1,296,152 shares for US$10,636 down from 179,896 units at US$10,636 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.8 times those for 2023-24 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 and shows companies grouped per industry, 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 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.
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.
Trading drops as the JSE rises to close June
Stocks closed higher on Jamaica Stock Exchange on Friday, with all three markets recording moderate gains following a decline in the volume and the value of stocks trading on the final day of June.
In closing, the JSE Combined Market Index climbed 1,755.88 points to end trading at 346,282.53, at the same time, the All Jamaican Composite Index jumped 2,559.69 points to 370,573.93 and the JSE Main Index popped 1,645.95 points to end at 332,034.93. The Junior Market Index rose 24.04 points to 3,984.23, with all the gains coming within a few minutes of closing as the market ended at the highest point since the first day in February this year and is now down a mere 0.01 percent for the year to date. The JSE USD Market Index rose 9.49 points to 256.40.
Preference shares with notable price change but not in the Main Market TOP10 graphs are Eppley 7.50% preference share gained 47 cents to close at $7.17, Jamaica Public Service 7% advanced $9.50 to close at $67 and 138 Student Living preference share rallied $10.20 ended at $85.
At the close, investors exchanged 48,899,684 shares, in all three markets, down sharply from 141,130,337 stocks on Thursday. The value of stocks trading in the Junior and Main markets was $307.37 million, down from $415.4 million on Thursday. Trading on the JSE USD market ended with investors exchanging 179,896 shares for US$10,636 down from 323,116 units at US$20,789 on Thursday.
The market’s PE ratio ended at 19.2 on 2022-23 earnings and 12.9 times those for 2023-24 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 and shows companies grouped per industry, 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 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.
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.
Several stocks rise on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 30 percent valued 31 percent lower than on Monday, resulting in the trading of 13 securities, up from six on Monday with seven rising, two declining and four ending unchanged.
A total of 183,070 shares were traded for US$17,969 compared with 261,038 units at US$25,992 on Monday.
Trading averaged 14,082 shares at US$1,382 compared with 43,506 units at US$4,332 on Monday, with a month to date average of 63,997 shares at US$2,233 compared with 69,315 units at US$2,324 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated EquitiesI index gained 18.64 points to end at 241.38.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share popped 0.81 cents to close at 5.22 US cents in switching ownership of 16,705 shares, MPC Caribbean Clean Energy ended at 60 US cents while exchanging 89 units, Productive Business Solutions advanced 27.94 cents to US$1.84 after one stock unit passed through the market. Proven Investments declined 0.3 of a cent to end at 15.7 US cents as investors traded 6,257 stocks, Sterling Investments remained at 1.6 US cents with an exchange of 92,300 stock units, Sygnus Credit Investments ended at 11.49 US cents with 55,584 units changing hands. Sygnus Real Estate Finance USD share rose 0.02 of a cent to end at 11 US cents after a transfer of 4,369 shares and Transjamaican Highway popped 0.02 of a cent to 1.44 US cents with shareholders swapping 7,000 stocks.
In the preference segment, Productive Business 9.25% preference share fell US$1.50 and ended at US$11.50 in an exchange of 650 units, Eppley 6% preference share remained at US$1.40 after 3 stocks were traded, JMMB Group 5.5% gained 30 cents in ending at US$2.30 with an exchange of one share, JMMB Group 5.75% climbed 20 cents to end at US$2.10, with 22 stock units changing hands and JMMB Group 6% rallied 13.9 cents to close at US$1.189 and closed with trading of 89 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.