Decline for all JSE markets

All three market indices declined on the Jamaica Stock Exchange recorded on Tuesday with a rise in the volume and value of stock trading compared to Monday.
The JSE Combined Market Index shed 1,572.34 points to  346,220.16, the All Jamaican Composite Index fell 1,353.85 to 374,451.28, the JSE Main Index closed at 333,066.14 after slipping 1,349.09 points, while the Junior Market Index dropped 34.25 points to end at 3,700.51 and the JSE USD Market Index dipped 2.65 points to finish at 237.47.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 7.25 percent climbing $3.50 to $20, JPS7 percent jumped $13.25 to $63.25 and 138SLVR rallied $14.65 to close at $88.65
At the close, investors exchanged 32,651,744 shares in all three markets, up from 29,285,359 units on Monday, with the value of stocks trading amounting to $105.6 million up from $85.3 million on Monday. Trading on the JSE USD market resulted in investors exchanging 301,912 shares for US$33,588, up sharply from 173,563 units at US$11,282 on Monday.
The market’s PE ratio ended at 18.9 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to highest bid and 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.

Main Market racks up gains to start week

Trading activity resulted in a rise in the Jamaica Stock Exchange Main Market on Monday, with rising stocks outnumbering those declining by a wide margin as the volume of stocks traded rose 121 percent but with a 45 percent lower value than on Friday, following trading in 61 securities compared to 54 on Friday, with 27 rising, 18 declining and 16 ending unchanged.
A total of 20,926,744 shares were traded for $64,972,967 compared to 9,481,950 units at $117,605,489 on Friday.
Trading averaged 343,061 shares at $1,065,131, compared with 175,592 stocks at $2,177,879 on Friday and month to date, an average of 243,392 units at $1,160,533, versus  235,131 units at $1,168,440 on the previous trading day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 14.60 million shares for 69.8 percent of total volume followed by Wigton Windfarm with 3.75 million units for 17.9 percent of the day’s trade and Sagicor Select Financial Fund with 534,101 units for 2.6 percent market share.
The All Jamaican Composite Index rose 1,710.31 points to close at 375,805.13, the JSE Main Index gained 2,554.58 points to end at 334,415.23 and the JSE Financial Index popped 0.22 points and concluded trading at 76.80.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded price of stocks and earnings forecasts done by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments increased $1.40 to close at $78.90, with 128,106 shares crossing the market, Eppley Caribbean Property Fund dropped $3 to $41 in trading 1,762 units, GraceKennedy rallied 50 cents to end at $79.50 in switching ownership of 3,671 stock units, Guardian Holdings climbed $9 after ending at $485 following a transfer of 102 stocks, Jamaica Producers rose 90 cents in closing at $21.70 after an exchange of 6,520 units, Jamaica Stock Exchange fell 93 cents to $13.20 in trading 7,913 shares, Massy Holdings popped $1.75 in closing at $87 after an exchange of 234 stocks, MPC Caribbean Clean Energy lost $1.26 to close at $84.99, with 13 stock units clearing the market, Proven Investments shed 50 cents to end at $26 and closed with 4,006 units changing hands, Sagicor Group gained 50 cents after ending at $50.50 with a transfer of 83,160 stock units, Seprod jumped $3.50 in closing at $72.50 after investors traded 59,198 stocks and Sygnus Real Estate Finance gained $1 after ending at $11 as investors exchanged 26 shares.
In the preference segmentProductive Business 10.50% preference share popped $20 to $1220 with investors transferring 55 stocks, Jamaica Public Service 7% increased $11 to end at $50, with 541 units changing hands and Jamaica Public Service 9.5% rallied $150 to close at $3000 with an exchange of just two shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market rallies into the weekend

The Jamaica Stock Exchange Main Market ended on Friday, with the market index falling below the close of the previous week but recorded gains over the last two days with the volume of stocks traded declining 53 percent, with the value 24 percent more than on Thursday, as 54 securities were traded compared to 51 on Thursday, with 27 rising, 13 declining and 14 ending unchanged.
A total of 9,481,950 shares were traded for $117,605,489 versus 20,316,713 units at $95,105,433 on Thursday.
Trading averaged 175,592 shares at $2,177,879, versus 398,367 shares at $1,864,812 on Thursday and month to date, an average of 235,131 units at $1,168,440, compared with 239,845 units at $1,088,514 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 2.77 million shares for 29.2 percent of total volume.  JMMB Group 7.5%, followed with 2.17 million units for 22.9 percent of the day’s trade and Jamaica Broilers with 2.03 million units for 21.4 percent of market share.
The All Jamaican Composite Index advanced 1,723.12 points to conclude trading at 374,094.82, the JSE Main Index rose 275.40 points to 331,860.65 and the JSE Financial Index rose 0.34 points to 76.58.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last sale prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments declined 50 cents to $77.50, with 613 shares passing through the market, Eppley climbed 64 cents after ending at $37.29 in an exchange of 137 stock units, Guardian Holdings increased $1 to close at $476 in switching ownership of 742 stocks, Jamaica Broilers dropped 52 cents in closing at $35.95, with 2,026,628 units crossing the market, JMMB Group shed 48 cents to to end at $31 while exchanging 10,464 units, Kingston Wharves popped 74 cents after ending at $32.85 with 1,031 stock units crossing the exchange, Massy Holdings lost $2.75 to close at $85.25, with 214,948 shares clearing the market, Pan Jamaica Group advanced $3.79 to end at $56.79 with investors trading 2,692 stocks, Proven Investments gained 66 cents in closing at $26.50 after an exchange of 1,150 shares, Seprod fell $1 to $69 in swapping 4,703 stocks, Supreme Ventures rallied 89 cents to end at $27.89 with investors transferring 50,497 units and Sygnus Real Estate Finance rose 70 cents in closing at $10 with an exchange of 2,000 stock units.
In the preference segmentJamaica Public Service 7% gained $3.35 after ending at $39 as investors exchanged 1,000 shares and Jamaica Public Service 9.5% dipped $150 to close at $2850 in trading 15 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising JSE Main Market

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Rising stocks resulted in market indices closing higher at the end of trading activity on the Jamaica Stock Exchange Main Market on Thursday, with the volume traded rising 6 percent but with an 11 percent lower value than on Wednesday, following trading in 51 securities down from 56 on Wednesday, with 20 rising, 22 declining and nine ending unchanged.
A total of 20,316,713 shares were traded for $95,105,433 compared to 19,169,248 units at $107,354,551 on Wednesday.
Trading averaged 398,367 shares at $1,864,812 compared with 342,308 units at $1,917,046 on Wednesday and month to date, an average of 239,845 shares at $1,088,514, compared with 227,033 units at $1,025,770 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Stanley Motta led trading with 8.50 million shares for 41.8 percent of total volume, Wigton Windfarm followed with 5.35 million units for 26.3 percent of the day’s trade, Transjamaican Highway with 3.10 million stocks for 15.3 percent market share and Sagicor Select Financial Fund with 1.16 million units for 5.7 percent of total volume.
The All Jamaican Composite Index gained 2,484.10 points to 372,371.70, the JSE Main Index climbed 275.12 points to close at 331,585.25 and the JSE Financial Index increased 0.15 points to settle at 76.24.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Barita Investments declined $1.10 after ending at $78, with 51,890 shares changing hands, GraceKennedy rose $1.15 to $79 as passed 60,287 stock units through the market, JMMB Group climbed 74 cents in closing at $31.48 with swapping of 37,477 stocks, Kingston Properties shed 84 cents to end at $6.51 in an exchange of 5,231 units, Kingston Wharves advanced $1.11 to close at $32.11, with 3,358 shares crossing the market, Massy Holdings lost $3 to end at $88 after exchanging 2,776 units, NCB Financial rallied $1 in closing at $72.50 with an exchange of 21,741 stock units, Pan Jamaica Group dropped 90 cents to close at $53 after an exchange of 176,780 stocks, Sagicor Group popped $1 to $50 in an exchange of 8,988 stock units, Seprod increased $3 after ending at $70 with a transfer of 4,187 stocks,  Supreme Ventures gained 50 cents after ending at $27 with 9,242 shares crossing the exchange andWisynco Group increased 56 cents in closing at $17.34 while exchanging 20,623 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading climbs on JSE Main Market

Trading activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 138 percent, valued 43 percent more than on Tuesday, with 56 securities trading compared to 56 on Tuesday, with 18 rising, 22 declining and 16 ending unchanged.
A total of 19,169,248 shares were traded for $107,354,551, up from 8,067,288 units at $74,863,539 on Tuesday.
Trading averaged 342,308 shares at $1,917,046, versus 144,059 shares at $1,336,849 on Tuesday and month to date, an average of 227,033 units at $1,025,770, compared with 215,806 units at $938,967 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 6.94 million shares for 36.2 percent of total volume as the price hit a record high of $1.76 and was followed by Wigton Windfarm with 4.34 million units for 22.6 percent of the day’s trade and Carreras with 2.89 million units for 15.1 percent market share.
The All Jamaican Composite Index dipped 2,286.40 points to 369,887.60, the JSE Main Index dropped 3,351.63 points to 331,310.13 and the JSE Financial Index fell 0.79 points to finish at 76.09.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments popped $2.05 to $79.10 after 62,840 shares passed through the market, Caribbean Cement rallied 60 cents to end at $59.10, with 10,054 units changing hands, Eppley fell 79 cents in closing at $36.50 after a transfer of 276 stock units, Guardian Holdings dropped $10 to close at $475, with 5,213 stocks crossing the market. Jamaica Producers dipped $1 after ending at $21, after 106,910 shares passed through the market, Jamaica Stock Exchange gained 65 cents to end at $14.15 in trading 53,190 units, Kingston Wharves declined $2.75 to $31 with a transfer of 2,136 stock units, NCB Financial lost $2.99 to close at $71.50 while exchanging 82,898 stocks. Sagicor Group shed $2 in closing at $49, after 9,582 stock units switched owners, Scotia Group increased 97 cents to end at $34.99 as investors exchanged 194,297 shares, Seprod climbed $3.30 to end at $67 with investors transferring 6,342 stocks. Supreme Ventures lost 93 cents to end at $26.50 with an exchange of 16,835 units and Sygnus Real Estate Finance declined 85 cents to close at $9.30 with 10,185 stocks clearing the market.
In the preference segmentJamaica Public Service 7% rose $4.65 to $35.65, with 57 units crossing the exchange, JMMB Group 7% preference share dropped 60 cents to $1.93 after an exchange of 1,473 stock units and 138 Student Living preference share shed $3.08 after ending at $74 and trading 42 stock units and Transjamaican Highway 8% fell 41 cents in closing at $3.09 with an exchange of 25,095 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Fall in Main Market on Tuesday

Trading activity led to a decline in the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded declining 14 percent and the value jumping 90 percent more than on Monday, following trading in 56 securities compared to 57 on Monday, with prices of 18 rising, 22 declining and 16 ending unchanged.
A total of 8,067,288 shares were traded for $74,863,538 against 9,372,400 units at $39,505,39 on Monday.
Trading averaged 144,059 shares at $1,336,849 versus 164,428 shares at $693,077 on Monday and month to date, an average of 215,806 units at $938,967 compared with 223,548 units at $896,036 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.16 million shares for 51.6 percent of total volume followed by Wigton Windfarm with 1.61 million units for 20 percent of the day’s trade and JMMB Group 7.35% due 2028 ended with 329,594 units for 4.1 percent market share.
The All Jamaican Composite Index dipped 831.45 points to conclude trading at 372,174.00, the JSE Main Index declined 1,387.56 points to 334,661.76 and the JSE Financial Index dipped 0.05 points to 76.88.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dropped $2.05 in closing at $77.05 after an exchange of 1,038 shares, Caribbean Cement rose $1 to end at $58.50 in switching ownership of 238,261 stocks, GraceKennedy declined $1.99 to $78 with a transfer of 325,898 stock units, Guardian Holdingss hed $10 after ending at $485, with 4,682 units crossing the market, Kingston Wharves rallied $3.23 to close at $33.75, with 5,998 shares clearing the market, Margaritaville advanced $3.23 to $18.23 as 200 units passed through the market, Massy Holdings fell $4 after ending at $91, with 7,249 stocks changing hands, Mayberry Jamaican Equities popped 60 cents to $11.17 while exchanging 714 stock units,NCB Financial gained $2.99 to close at $74.49 after an exchange of 109,813 stocks, Pan Jamaica Group dipped 90 cents in closing at $53.90, with 5,758 stock units crossing the exchange, Portland JSX climbed 68 cents to close at $11.46 in trading 14 shares, Proven Investments lost $1.44 to end at $25.88 with the swapping of 2,001 units, Sagicor Group increased $1.10 after ending at $51 and an exchange of 29,820 units, Seprod lost $7.30 in closing at $63.70 as investors exchanged 12,566 shares, Supreme Ventures popped 63 cents to $27.43 with investors transferring 161,016 stock units and Sygnus Real Estate Finance shed $1.64 to end at $10.15 with an exchange of 1,013 stocks.
In the preference segmentEppley 7.75% preference share gained $3.82 after ending at $20.02, with a mere two shares changing hands and Jamaica Public Service 7% declined 70 cents in closing at $31 after exchanging 522 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE Main Market

The market indices of the Jamaica Stock Exchange Main Market rose at the close of the market on Monday, following gains on Friday, with the volume of stocks traded declining 46 percent and the value marginally more than on Friday, after trading occurred in 57 securities compared to 58 on Friday and ended with prices of 20rising, 23 declining and 14 ending unchanged.
Trading ended with an exchange of 9,372,400 shares at $39,505,396 compared with 17,428,579 units at $38,758,141 on Friday.
Trading averaged 164,428 shares at $693,077 versus 300,493 shares at $668,244 on Friday. Trading month to date averaged 223,548 units at $896,036 compared to 230,842 units at $921,077 on the previous trading day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 4.70 million shares for 50.2 percent of total volume followed by Wigton Windfarm with 1.94 million units for 20.7 percent of the day’s trade and QWI Investments with 481,827 units for 5.1 percent of market share.
The All Jamaican Composite Index rallied 1,881.29 points to end at 373,005.45, the JSE Main Index popped 593.23 points to conclude trading at 336,049.32 and the JSE Financial Index increased 0.86 points to settle at 76.93.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints rallied 75 cents after ending at $8.45 after trading 401 shares, GraceKennedy gained $1.49 to close at $79.99 as 9,436 stocks passed through the market, Guardian Holdings increased $20 to end at $495 after a transfer of 21 units, Key Insurance dropped 40 cents to close at $3.25 as investors exchanged 647 stock units, Kingston Properties advanced 40 cents in closing at $7.49 with 287,490 stock units clearing the market, Kingston Wharves declined $3.28 to end at $30.52, with  1,961 units changing hands, Margaritaville fell $3.49 to close at $15 after 311 stocks crossed the exchange, Massy Holdings lost $5 to end at $95 with the swapping of 692 shares, Mayberry Jamaican Equities dipped 83 cents in closing at $10.57 with an exchange of 57,948 stock units, NCB Financial shed $2.87 after ending at $71.50 in an exchange of 117,341 shares, Portland JSX fell 70 cents to $10.78 after an exchange of 274 stocks, Proven Investments popped 82 cents to close at $27.32 with 9,778 units passing through the market, Seprod rose $8.85 in closing at $71 with 87,260 stocks crossing the exchange, Supreme Ventures climbed 76 cents to end at $26.80 while trading 37,646 stock units, Transjamaican Highway 8% climbed 49 cents in ending at a record high of $3.50 after trading 4,670 units.
In the preference segmentJamaica Public Service 7% lost $8.61 to end at $31.70, with 837 shares crossing the market and Productive Business Solutions 9.75% preference share rallied $1 to $107 in switching ownership of 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market surges to close out the week

Trading activity on the Jamaica Stock Exchange Main Market ended on Friday after the market indices surged even as the volume of stocks traded declined 13 percent and the value, 54 percent lower than on Thursday, with 58 securities trading compared to 59 on Thursday, with 20 rising, 16 declining and 22 ending unchanged.
A total of 17,428,579 shares were traded for $38,758,141 down from 20,050,275 units at $83,836,104 on Thursday.
Trading averaged 300,493 shares at $668,244 compared with 339,835 shares at $1,420,951 on Thursday and month to date, an average of 230,842 units at $921,077, compared with 220,842 units at $957,374 on the previous day. Trading in March ended with an average of 356,137 units at $3,015,416.
Wigton Windfarm led trading with 5.67 million shares for 32.5 percent of the total volume followed by Sagicor Select Financial Fund with 4.30 million units for 24.7 percent of the day’s trade, Transjamaican Highway ended with 3.21 million units for 18.4 percent market share and JMMB Group 7.5% with 2.10 million units for 12.1 percent of the total volume.
The All Jamaican Composite Index surged 3,997.53 points to 371,124.16, the JSE Main Index jumped 3,317.57 points to 335,456.09 and the JSE Financial Index popped 0.83 points to finish at 76.07.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.7 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments declined 88 cents in closing at $79.10 in switching ownership of 32,134 shares, Berger Paints fell 77 cents to $7.70 as investors exchanged 1,570 units, GraceKennedy dropped $1.25 to close at $78.50 with investors trading 7,947 stocks, Guardian Holdings lost $15 to end at $475 after trading 41 stock units, Jamaica Stock Exchange dipped 50 cents to $13.50 after closing with trading in 158 shares, NCB Financial rallied $4.37 in closing at $74.37 in an exchange of 30,270 units, Pan Jamaica Group shed $1.79 after ending at $55 while exchanging 242 stock units, Proven Investments popped 64 cents to end at $26.50 after 521 stocks changed hands, Sagicor Group advanced $2.93 to $49.94 with an exchange of 50,658 units, Scotia Group declined 75 cents to close at $34.25, with 288 stock units crossing the market and Supreme Ventures fell 46 cents to close at $26.04 with a transfer of 31,087 shares.
In the preference segmentEppley 5% preference share increased 90 cents to end at $20 in trading 246 stocks, Eppley 7.75% preference share lost 74 cents in closing at a 52 weeks’ low of $16.20 after a transfer of one stock unit, Jamaica Public Service 7% dropped $19.69 to $40.31, with 50 stocks crossing the exchange and JMMB Group 7% preference share rose 50 cents after ending at $2.53 with an exchange of 581 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading up, market down for JSE majors

Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 55 percent and the value 72 percent more than on Wednesday, following trading in 59 securities similar to trading on Wednesday and ended with 25 rising, 24 declining and 10 ending unchanged.
A total of 20,050,275 shares were traded for $83,836,104 compared to 12,894,594 units at $48,653,770 on Wednesday.
Trading averaged 339,835 shares at $1,420,951 versus 218,552 shares at $824,640 on Wednesday and month to date, an average of 220,842 units at $957,374, compared with 200,493 units at $878,096 on the previous day. March closed with an average of 356,137 units at $3,015,416.
Transjamaican Highway led trading with 8.60 million shares for 42.9 percent of total volume followed by Wigton Windfarm with 3.19 million units for 15.9 percent of the day’s trade, QWI Investments ended with 2.73 million units for 13.6 percent of market share, Carreras closed with 1.60 million units for 8 percent of the market trades, Sagicor Select Financial Fund had an exchange of 1.27 million units for 6.3 percent of trading and Stanley Motta with 1.01 million units for 5.1 percent of total volume.
The All Jamaican Composite Index lost 1,167.97 points to finish at 367,126.63, the JSE Main Index declined 1,446.13 points to conclude trading at 332,138.52 and the JSE Financial Index dipped 0.65 points to settle at 75.24.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement lost $2.45 to end at $57.50 with an exchange of 7,041 shares, Eppley popped $3.91 to $37.46 with investors transferring 639 stock units, Eppley Caribbean Property Fund climbed $3.50 in closing at $44 in trading 367 units, Jamaica Producers rose $1.35 to $22 with 8,440 stocks crossing the market, Jamaica Stock Exchange gained 50 cents after ending at $14 after 208 stock units passed through the market, JMMB Group rose 81 cents to $30.31 after an exchange of 56,000 shares, Kingston Wharves advanced $3.30 in closing at $33.80 with the swapping of 23,660 units, Margaritaville rallied 49 cents to close at $18.49, with 105 stocks crossing the exchange, Massy Holdings rallied $1 to $100, with investors trading 4,289 units, Mayberry Jamaican Equities popped 49 cents to end at $11.49 in an exchange of 350 stocks, MPC Caribbean Clean Energy climbed $11.25 to $86.25 after a transfer of 115 stock units, NCB Financial dipped $4 in closing at $70 after investors exchanged 168,649 shares, Pan Jamaica Group increased $2.79 after ending at $56.79 and closed with 207 stock units changing hands, Proven Investments shed $1.47 to close at $25.86 in switching ownership of 29,014 units, Sagicor Group dropped 49 cents to end at $47.01 with a transfer of 18,707 stocks, Seprod declined $1.45 to close at $62.05 in an exchange of 4,492 shares and Supreme Ventures fell 40 cents in closing at $26.50 after an exchange of 16,770 stocks.In the preference segmentEppley 7.25% preference share lost $2.19 to close at a 52 weeks’ low of $16.56 with 490 units clearing the market and Jamaica Public Service 7% gained $10 in ending at $60, with 116 stock units changing hands and Transjamaican Highway 8% rose 25 cents to 52 weeks’ high of $2.67 after just 5 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Consolidating Jamaica Stock Market

The Jamaica Stock Exchange remains in a consolidation mood on Thursday with the market indices recording modest to moderate changes at the close of trading as investors await market moving developments to move prices in one direction or another as they await first quarter results for the majority of companies and Bank of Jamaica interest rate moves, but the market enjoyed a rise in the volume and value of stocks changing hands compared to trading results on Wednesday.
At the close of trading, the JSE Combined Market Index dropped 1,463.69 points to 343,650.19, the All Jamaican Composite Index fell 1,167.97 points to 367,126.63 after trading opened with the index up at 374,014.47 points, the JSE Main Index shed 1,446.13 to 332,138.52, the Junior Market Index lost 12.49 points to close at 3,686.08 after opening at 3,740 points in the morning session and the JSE USD Market Index rose 0.92 points to close at 229.36.
In the preference section of the Main Market that is not reflected in the TOP10 graphs, Eppley 7.25% fell $2.19 to end at $16.56 and JPS 7 percent popped $10 to $60.
At the close, investors exchanged 44,225,452 shares in all three markets, up from 19,384,296 units on Wednesday, with the value of trading on Thursday amounting to $113.3 million up from $64.8 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 12,382,341 shares for US$179,206, up from 282,987 units at US$21,164 on Wednesday. Transjamaica Highway accounted for 13.148 million units valued at US$143,262, with the price hitting US$1.25 at the close.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.1 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 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.