Stocks gained in all three Jamaica Stock Exchange markets on Wednesday but the Junior Market failed to make major inroads into the sharp fall on Tuesday. Trading dropped back from the previous day’s heightened trades that were boosted by the above average daily trade in NCB Financial of 16.05 million shares for $1.06 billion.
At the close, the JSE Combined Market Index climbed 869.73 points to close at 343,451.29, the All Jamaican Composite Index rose 2,113.23 points to 367,304.17, the JSE Main Index popped 902.81 points to 329,758.18, the Junior Market Index inched 2.98 points higher to 3,907.00, while the JSE USD Market Index jumped 7.05 points to finish at 248.42.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Productive Business 10.50% preference share lost $50 to close at $1200, Eppley 7.25% preference share dropped $2.81 to $16.19, Eppley 7.50% preference share lost $1.08 in closing at $6.09 and Jamaica Public Service 7% advanced $10.57 to close at $50.
At the close, investors exchanged 33,998,142 shares in all three markets, down from 41,956,342 stocks on Tuesday. The value of stocks trading in the Junior and Main markets was $253.9 million, up from $1.18 billion on Tuesday. 
Trading on the JSE USD market resulted in investors exchanging 490,501 shares for US$293,958 up from 183,070 units at US$17,969 on Tuesday.
The market’s PE ratio ended at 18.6 on 2022-23 earnings and 12.5 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.
Gains for JSE Main Market
Trading activity changed markedly on Wednesday on the Jamaica Stock Exchange Main Market, with the market returning to more normal levels, with the absence of a lumpy trade as was the case on Tuesday and ended with a 35 percent fall in volume and an 83 percent drop in value compared with that on Tuesday, with trading 59 securities up from 56 on Tuesday, with 23 rising, 18 declining and 18 ending unchanged and leading to gains in the market indices.
A total of 22,105,112 shares were traded for $190,093,496, compared to 33,792,800 units at $1,151,873,370 on Tuesday.
Trading averaged 374,612 shares at $3,221,802 compared with 603,443 stocks at $20,569,167 on Tuesday. Trading for the month to date ended with an average of 359,561 units at $5,518,438 compared with 358,731 units at $5,645,075 on the previous day. May closed with an average of 226,361 units at $1,362,447.
Transjamaican Highway led trading with 8.11 million shares for 36.7 percent of total volume, followed by Wigton Windfarm with 4.38 million units for 19.8 percent of the day’s trade, Kingston Wharves ended with 3.01 million units for 13.6 percent market share, Carreras with 1.26 million units for 5.7 percent of the total and Sagicor Real Estate Fund with 1.25 million units for 5.7 percent of total volume.
The All Jamaican Composite Index rose 2,113.23 points to end at 367,304.17, the JSE Main Index popped 902.81 points to 329,758.18 and the JSE Financial Index dipped 0.11 points to end at 72.78.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints advanced 71 cents in closing at $8 with 1,120 shares clearing the market, Eppley gained 30 cents to land at $36.50 with shareholders swapping 576 stocks, First Rock Real Estate rallied 55 cents and ended at $9.80 after an exchange of 16,986 stock units, GraceKennedy increased 50 cents to close at $77 as investors exchanged 85,921 units. Jamaica Broilers climbed 40 cents to end at $37.70 as 46,997 stock units passed through the market, 
Jamaica Producers rose 50 cents in closing at $20.50 with stakeholders trading 889,716 units, Kingston Wharves fell 95 cents to $29, with 3,005,614 stocks changing hands, Massy Holdings declined $1 and ended at $100 after an exchange of 4,001 shares. Mayberry Investments dipped 30 cents to $8.20 in trading 12,349 stocks, MPC Caribbean Clean Energy popped $10.99 to end at $71 with investors transferring 2,479 shares, NCB Financial dropped 52 cents to end at $66.98 with a transfer of 223,094 units, Pan Jamaica increased $3.45 to $53.95 in switching ownership of 33,947 stock units, Proven Investments climbed 48 cents to $25.78 in an exchange of 7,723 stocks. Pulse Investments rallied 47 cents in closing at $2.52 after trading in 136,273 stock units, Sagicor Group fell 49 cents to close at $50.01 after 6,044 shares changed hands, Seprod popped 45 cents to end at $75.50 in trading 3,898 units and Supreme Ventures rose 60 cents and ended at $28.47 after 98,942 units crossed the exchange.
In the preference segment, Productive Business 10.50% preference share lost $50 to close at $1200 in an exchange of 131 stock units, Eppley 7.25% preference share dipped $2.81 to $16.19 with one stock changing hands. Eppley 7.50% preference share lost $1.08 in closing at $6.09 after a transfer of 1,000 shares, Jamaica Public Service 7% advanced $10.57 to close at $50 with an exchange of 8 stock units and JMMB Group 7.25% due 2024 preference share declined 31 cents to $1.74, with 133,290 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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.
NCB dominates Main Market trading
Trading surged on the Jamaica Stock Exchange Main Market on Tuesday, with a 118 percent jump in the volume of stocks traded and a 722 percent jump in value compared to Monday, with 56 securities trading compared with 58 on Monday, with 17 rising, 25 declining and 14 ending unchanged as NCB Financial dominated trading with nearly half of the day’s volume.
A total of 33,792,800 shares were traded for $1,151,873,370 compared to 15,466,316 units at $140,081,944 on Monday.
Trading averaged 603,443 shares at $20,569,167 compared with 266,661 units at $2,415,206 on Monday and month to date, an average of 358,731 units at $5,645,075 compared with 345,216 units at $4,820,865 on the previous day. The average for May closed at 226,361 units for $1,362,447.
NCB Financial led trading with 16.05 million shares for 47.5 percent of total volume followed by Wigton Windfarm with 5.60 million units for 16.6 percent of the day’s trade, Transjamaican Highway with 4.29 million units for 12.7 percent market share and Stanley Motta with 1.0 million units for 3 percent of total volume.
The All Jamaican Composite Index rose 772.25 points to 365,190.94, the JSE Main Index fell 518.40 points to 328,855.37 and the JSE Financial Index slipped 0.22 points to 72.89.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement shed $1 to $53, with 956 shares crossing the exchange, Eppley popped $6.20 in closing at $36.20 as 50 stock units passed through the market, Eppley Caribbean Property Fund rallied $1 to close at $42 in switching ownership of 265 stocks. 
First Rock Real Estate dropped $1.05 to $9.25 with a transfer of 6,241 units, Guardian Holdings dived $32 to a 52 weeks’ closing low of $421 as investors traded 42 shares, Jamaica Stock Exchange lost 59 cents in closing at $11.50 with investors trading 56,596 stock units. JMMB Group dropped $1.56 and ended at $29.90 after an exchange of 2,817 stocks, Mayberry Investments fell 49 cents to close at $8.50 after a transfer of 1,123 units, Proven Investments lost 50 cents in closing at $25.30 while exchanging 1,112 stock units. Pulse Investments dropped 80 cents to end at $2.05 with shareholders swapping 361,533 shares, Supreme Ventures climbed $1.87 to end at $27.87 after exchanging 696,327 units and Sygnus Credit Investments fell $1.38 and ended at $13.02 with an exchange of 266,897 stocks.
In the preference segment, Eppley 7.75% preference share advanced $1.02 to $20.02 with stakeholders exchanging one stock, Jamaica Public Service 7% declined $6.96 to close at $39.43 in trading 1,151 stock units, JMMB Group 7.25% preference share dipped 53 cents in closing at $3.53 and closed at 284 shares and 138 Student Living preference share shed $6.20 in closing at $74.80 in an exchange of 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB pushes trading on JSE
The Jamaica stock market failed to hold on to Monday’s gains as the Junior Market had a big fall, while the Main Market slipped but the JSE USD Market jumped sharply as trading picked up considerably compared with that on Monday with NCB Financial swelling trading with 16.05 million shares, with a value of $1.06 billion.
At the close, the JSE Combined Market Index fell 958.7points to 342,581.56, the All Jamaican Composite Index rose 772.25 points to end at 365,190.94, the JSE Main Index shed 518.40 points to settle at 328,855.37, the Junior Market Index dropped 51.89 points to settle at 3,904.02, while the JSE USD Market Index jumped 1.07 points to finish at 241.37.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are
Eppley 7.75% preference share advanced $1.02 to $20.02, Jamaica Public Service 7% declined $6.96 to $39.43, JMMB Group 7.25% preference share dipped 53 cents to $3.53 and 138 Student Living preference share shed $6.20 in closing at $74.80.
At the close, investors exchanged 41,956,342 shares in all three markets, up from 22,226,900 stocks on Monday. The value of stocks trading in the Junior and Main markets was $1.18 billion, up from $158.6 million on Monday. Trading on the JSE USD market resulted in investors exchanging 183,070 shares for US$17,969 compared to 261,038 units at US$25,992 on Monday.
The market’s PE ratio ended at 18.5 on 2022-23 earnings and 12.5 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 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 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.
JSE Main Market jumps for a second day
Trading on the Jamaica Stock Exchange Main Market bounced for a second consecutive day on Monday, with the volume of stocks traded rising 10 percent, valued 32 percent less than on Friday, with trading in 58 securities compared with 53 on Friday, with 24 rising, 20 declining and 14 ending unchanged.
The All Jamaican Composite Index advanced 2,765.06 points to end at 364,418.69, the JSE Main Index rose 1,421.14 points to 329,373.77 and the JSE Financial Index inched 0.18 points higher to 73.11.
A total of 15,466,316 shares were traded for $140,081,944 compared to 14,036,554 units at $205,125,008 on Friday.
Trading averaged 266,661 shares at $2,415,206 compared with 264,841 shares at $3,870,283 on Friday and month to date, an average of 345,216 units at $4,820,865, down from 349,982 units at $4,966,815 on the previous day. May closed with an average of 226,361 units at $1,362,447.
Wigton Windfarm led trading with 4.20 million shares for 27.2 percent of total volume, followed by Transjamaican Highway with 2.71 million units for 17.5 percent of the day’s trade, Supreme Ventures ended with 2.07 million units for 13.4 percent market share and QWI Investments with 1.03 million units for 6.7 percent of the overall volume.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator was slightly negative, with six stocks ending with bids higher than their last selling prices and eight with lower offers.
In trading, Caribbean Cement climbed $3.10 in closing at $54 after exchanging 65,065 shares, Caribbean Producers popped $2.51 to close at $12 with a transfer of 357,494 stocks, but buyers are mostly under $10 at the close and sellers at $12 and above. What that suggests is that selling pressure has dissipated. Eppley shed $6.50 to $30 and closed with an exchange of 9,577 units, Eppley Caribbean Property Fund increased $2.45 to end at $41 with 56 stock units crossing the exchange, First Rock Real Estate rallied 99 cents to $10.30 with 65 units clearing the market. GraceKennedy fell 50 cents to close at $76.50 in switching ownership of 43,356 stock units, Jamaica Broilers gained $2.30 in closing at $37.30 with an exchange of 358,896 stocks, Jamaica Producers declined 50 cents to $20 after investors ended up trading 24,031 shares. 
Jamaica Stock Exchange advanced 64 cents to $12.09 after a transfer of 13,139 stock units, JMMB Group rose $2.46 to end at $31.46 in an exchange of 553,620 stocks, Kingston Properties climbed 57 cents to close at $7.70 while exchanging 109,567 units. Kingston Wharves rose $1.15 in closing at $29.95 as 7,155 shares passed through the market, Margaritaville dropped $3.71 and ended at $14.60 with investors trading 24 stocks, Massy Holdings dipped $1 to $101, with 395 stock units crossing the market. Pan Jamaica popped $2.28 to end at $50.28 as investors exchanged 10,292 units, Portland JSX rose $1.25 in closing at $11 in an exchange of 30,000 shares. Proven Investments gained 50 cents to $25.80 with stakeholders exchanging 51,318 shares, Scotia Group rallied $1.35 to end at $34 after an exchange of 160,437 stocks, Supreme Ventures lost 50 cents in ending at $26, with 2,067,664 units crossing the market and Sygnus Credit Investments increased $1.80 to close at $14.40 changing hands 772,349 stock units.
In the preference segment, Jamaica Public Service 7% dropped $2.28 in closing at $46.39 while trading 1,283 stocks, JMMB Group 7% preference share fell 30 cents to $1.70 with shareholders swapping 21,434 shares and 138 Student Living preference share lost $7 to end at $81 after 41 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend rally for JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Friday, with the volume of stocks traded declining 43 percent and the value 6 percent lower than on Thursday, with 53 securities trading compared with 52 on Thursday, with 16 rising, 18 declining and 19 ending unchanged.
A total of 14,036,554 shares were traded for $205,125,008 compared to 24,710,357 units at $217,998,595 on Thursday.
Trading averaged 264,841 shares at $3,870,283 compared with 475,199 shares at $4,192,281 on Thursday, month to date, an average of 349,982 units at $4,966,815, compared with 354,979 units at $5,031,174 on the previous day, that is well above the average for May of 226,361 shares at $1,362,447.
Kingston Wharves led trading with 4.0 million shares for 28.5 percent of total volume followed by Wigton Windfarm with 3.39 million units for 24.2 percent of the day’s trade, Sygnus Credit Investments with 1.92 million units for 13.7 percent market share and Transjamaican Highway with 1.11 million units for 7.9 percent of total volume.
The All Jamaican Composite Index popped 45.77 points to 361,653.63, the JSE Main Index popped 2,594.54 points to settle at 327,952.63 and the JSE Financial Index dropped 0.37 points to finish at 72.93.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments dipped 40 cents to $74 with 25,860 shares trading, Caribbean Cement popped $1.40 and ended at $50.90 in switching ownership of 625 units, First Rock Real Estate dropped 54 cents in closing at $9.31, with 119,049 stocks crossing the market, GraceKennedy gained 50 cents to close at $77, with 52,886 stock units changing hands, Jamaica Producers rose 80 cents to close at $20.50 with traders exchanging 890,023 units,
Kingston Wharves shed $1.15 and ended at $28.80 in an exchange of 4,001,198 shares, Massy Holdings climbed $7 to $102 in trading 1,432 stocks, NCB Financial lost 51 cents to close at $67.50 after an exchange of 148,016 stock units, Pan Jamaica fell $2.50 in closing at $48 with a transfer of 5,586 stock units, Scotia Group declined 35 cents to end at $32.65, with 47,726 shares crossing the market and Supreme Ventures advanced $1.30 in closing at $26.50 after a transfer of 143,829 units.
In the preference segment, Eppley 7.75% preference share dropped $1 to end at $19 and closed with 150 stocks changing hands, 
Jamaica Public Service 7% declined $7.33 to $48.67 after stakeholders exchanged 109 units and JMMB Group 7.25% preference share increased 53 cents to close at $4.06 with an exchange of 1,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picked up on the JSE USD Market
Trading picked up on the Jamaica Stock Exchange US dollar market ended on Friday, resulting in the trading of nine securities up from three on Thursday with one rising, four declining and four ending unchanged, with a 178 percent rise in the volume of stocks changing hands, valued 918 percent more than on Thursday.
Trading resulted in an exchange of 216,689 shares for US$14,393 versus 77,890 units at US$1,414 on Thursday.
Trading averaged 24,077 shares for US$1,599 compared to 25,963 shares at US$471 on Thursday, with a month to date average of 70,650 shares at US$2,220 compared with 74,568 units at US$2,272 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index lost 0.32 points to end at 221.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio is computed based on the last traded prices and 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 three stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dropped 1.89 cents to close at 9.22 US cents with an exchange of 221 shares, Proven Investments declined 0.02 of a cent in closing at 15.7 US cents, with 71,726 units passed through the market, Sterling Investments remained at 1.6 US cents after a transfer of 136,752 stock units. 
Sygnus Credit Investments rose 0.8 of a cent to 10.9 US cents after an exchange of 7,775 stocks, Sygnus Real Estate Finance USD share dipped 0.01 of a cent to 10.98 US cents in trading 19 stocks and Transjamaican Highway ended at 1.42 US cents, with 100 stock units crossing the exchange.
In the preference segment, Eppley 6% preference share ended at US$1.40, with 7 units crossing the market, Equityline Mortgage Investment preference share fell 0.72 of a cent to close at a 52 weeks’ low of US$1 after an exchange of 59 shares and JMMB Group 5.75% remained at US$1.90 in switching ownership of 30 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rally for Main & Junior Market
Profit taking pushed the price of Stationery and Office Supplies down to $27 on Friday but the Junior and the Main markets closed higher than on Thursday the JSE USD Market slipped modestly as trading in the overall market fell from Thursday’s levels.
At the close, the JSE Combined Market Index climbed 2,654.49 points to 342,091.21, the All Jamaican Composite Index popped 45.77 points to 361,653.63, the JSE Main Index rallied 2,594.54 points to 327,952.63, the Junior Market Index rose 25.52 points to 3,942.47, while the JSE USD Market Index slipped 0.40 points to 221.67.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Eppley 7.75% preference share dropping $1 to $19, Jamaica Public Service 7% declining $7.33 to $48.67 and JMMB Group 7.25% preference share increased 53 cents to close at $4.06.
At the close, investors exchanged 22,079,185 shares in all three markets, up from 30,664,504 shares on Thursday. The value of stocks trading in the Junior and Main markets was $235.7 million, down from $246 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 216,689 shares for US$14,393 compared to 77,890 units at US$1,414 on Thursday.
The market’s PE ratio ended at 18.3 on 2022-23 earnings and 12.4 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 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 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 picks up on the JSE Main Market
Trading activity picked up on the Jamaica Stock Exchange Main Market on Thursday, with the volume of stocks traded rising 218 percent and the value 110 percent more than on Wednesday, after trading in 52 securities compared with 57 on Wednesday, with 21 rising, 16 declining and 15 ending unchanged.
A total of 24,710,357 shares were traded for $217,998,595 compared with 7,774,565 units at $103,833,504 on Wednesday.
Trading averaged 475,199 shares at $4,192,281 compared with 136,396 shares at $1,821,640 on Wednesday and month to date, an average of 354,979 stock units at $5,031,174, compared with 347,633 units at $5,082,435 on the previous day. May closed with an average of 226,361 units at $1,362,447.
Wigton Windfarm led trading with 13.02 million shares for 52.7 percent of total volume followed by Carreras with 3.54 million units for 14.3 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund with 2.67 million units for 10.8 percent market share, NCB Financial with 2.14 million units for 8.7 percent market share and Transjamaican Highway with 1.49 million units for 6 percent of total volume.
The All Jamaican Composite Index fell 993.11 points to 361,607.86, the JSE Main Index shed 1,951.96 points to 325,358.09 and the JSE Financial Index shed 0.02 points to end at 73.30.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints fell 69 cents to end at $7.30, with 20,000 shares crossing the exchange, Caribbean Cement declined 50 cents in closing at $49.50 with investors transferring 1,682 units, Eppley dipped 49 cents to $36.50 in an exchange of 55 stocks. 
GraceKennedy shed 50 cents to close at $76.50 in an exchange of 29,451 stock units, Jamaica Producers popped 70 cents to $19.70 with an exchange of 500 units, Kingston Wharves advanced $1.94 to end at $29.95 while exchanging 1,300 stock units. Massy Holdings dropped $6 in closing at $95, with 20,052 shares crossing the market, Mayberry Investments gained 87 cents to close at $9 as investors exchanged 50,003 stocks, 138 Student Living lost 36 cents to close at $4.60 with a transfer of 179,651 units. Pan Jamaica Group rallied $1.50 and ended at $50.50 with shareholders swapping 4,634 stock units, Scotia Group fell $1.80 to end at $33 after investors traded 36,082 shares, Stanley Motta climbed 38 cents and ended at $5.18 after a transfer of 15,382 stocks and Sterling Investments rose 50 cents to close at $2.70, with 80 units changing hands.
In the preference segment,Jamaica Public Service 7% declined $8.80 in closing at $56 after 65 stocks were traded, JMMB Group 7.25% preference share increased 46 cents to $3.53 after exchanging 5 stock units and Productive Business Solutions 9.75% preference share shed $1.99 to close at $90.01, with 2,245 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
