Trading surged sharply on the Jamaica Stock Exchange on Friday, with the Junior market listed Mailpac Group trading 50.04 million shares, Jamaican Teas, 32.66 million units, Future Energy 10.9 million units and Spur Tree Spices with 1.84 million units, while in the Main Market, JMMB Group 7.5% preference share traded 10 million shares followed by Sygnus Credit Investments with 5.84 million units, Jamaica Producers 2.87 million units and Pan Jamaica with 1.50 million units as a total of 123,026,015 shares were traded in all three markets, up sharply from just 10,449,490 units on Tuesday.
The value of stocks traded on the Junior and Main markets surged to $527.23 million compared with a mere $48.29 million on Thursday. The JSE USD market closed after 159,494 shares were traded, for US$2,742 compared to 6,525 units at US$320 on Thursday.
At the close of the market, Main Market stocks rallying were GraceKennedy up $3.59, Eppley Caribbean Property with a rise of $2.60, Seprod rose $1, Scotia Group closing at a new 52 weeks’ closing high of $38.40, after gaining 90 cents and MPC Caribbean Energy rose 88 cents. Falling Main Market stocks were mostly modest except for Eppley down $4.48 and Jamaica Producers with a fall of $1.47.
Rising Junior Market stocks include Caribbean Cream with a gain of 64 cents, Iron Rock Insurance up 49 cents, Dolphin Cove with a gain of 44 cents and Spur Tree gaining 25 cents. There were declining stocks of note.
At the close of trading, the JSE Combined Market Index rose 1,162.73 points to close at 328,594.68, the All Jamaican Composite Index climbed 1,555.49 points to lock up trading at 353,538.78,
the JSE Main Index rallied by 812.63 points to end trading at 316,798.45. The Junior Market Index rallied 45.75 points to end the day at 3,728.14 and the JSE USD Market Index skidded 2.03 points to wrap up trading at 221.10.
In the preference segment, Jamaica Public Service 7% rallied $4 to end at $45 and Productive Business Solutions 9.75% preference share advanced $4.50 and ended at $120.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.1 on 2022-23 earnings and 13.9 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 navigate numerous investment options successfully in the 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 surges on Jamaica Stock Exchange
Gains for JSE Main Market
Trading activity on the Jamaica Stock Exchange Main Market ended on Thursday with an 85 percent jump in the volume of stocks traded, with the value slipping moderately lower than on Wednesday, with trading in 54 securities compared with 56 on Wednesday, with prices of 11 stocks rising, 18 declining and 25 ending unchanged and leading the market indices higher at the close.
A total of 7,395,292 shares were traded for $44,075,720 compared to 3,998,798 units at $44,873,267 on Wednesday.
Trading averaged 136,950 shares at $816,217 compared to 71,407 units at $801,308 on Wednesday and month to date, an average of 141,743 units at $1,472,344, compared with 142,086 units at $1,519,272 on the previous day and well below November with an average of 275,587 units at $2,488,949.
JMMB Group 7.5% led trading with 2.06 million shares for 27.9 percent of the total volume followed by Transjamaican Highway with 1.73 million units for 23.4 percent of the day’s trade and Wigton Windfarm with 739,401 units for 10 percent market share.
The All Jamaican Composite Index rose 571.53 points to close at 351,983.29, the JSE Main Index advanced 723.66 points to 315,985.82 and the JSE Financial Index rose 0.11 points to finish at 68.64.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments dropped 90 cents to $70.05 crossing the market 6,662 units, GraceKennedy fell $2.17 to close at $76.40, with investors exchanging 5,277 stocks, Jamaica Broilers climbed $1.49 to end at $34.50 in trading 36,006 shares. Jamaica Stock Exchange rose 38 cents in closing at $9.98 after 26,161 stock units passed through the market,
Kingston Properties skidded 39 cents and ended at $6.93 with traders dealing in 2,012 shares, NCB Financial sank 40 cents to $65.40 with 30,214 units crossing the market. Pan Jamaica dipped 40 cents to close at $49.10 as investors exchanged 2,230 stocks, Sagicor Group advanced $1 in closing at $41.50 after an exchange of 87,851 stock units, Scotia Group popped 38 cents to end at $37.50 with investors dealing in 89,402 shares and Sygnus Credit Investments gained 29 cents and ended at $10.99 with a transfer of 4,558 stocks.
In the preference segment, Jamaica Public Service 7% rallied $1 to $41, with 51 units changing hands and Productive Business Solutions 10.5 % preference share lost $30 to end at $1,060 with investors trading 110 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main & USD markets gains, Juniors slip
The Main Market of the Jamaica Stock Exchange gained at the close of trading on Thursday, with the USD Market also closing higher as the Junior Market slipped to close out trading, with market activity ending with the volume and value of stocks traded falling below Wednesday’s levels on the penultimate day before the Christmas break for the market.
At the close of the market, Main Market stocks rallying were Jamaica Broilers with a gain of $1.49, Sagicor Group up $1 and Scotia Group closing at a new 52 weeks’ closing high of $37.50, after gaining 38 cents. Declining Main Market stocks include GraceKennedy down $2.17 and Barita Investments with a fall of 90 cents.
Rising Junior Market stocks include Main Event with a gain of 40 cents, Blue Power up 37 cents, and AMG Packaging gaining 33 cents. Declining stocks include Medical Disposables falling 42 cents followed by Caribbean Cream with a loss of 31 cents and Iron Rock Insurance down 44 cents.
At the close of trading, the JSE Combined Market Index rose 512.77 points to 328,594.68, the All Jamaican Composite Index climbed 571.53 points to wrap up trading at 351,983.29, the JSE Main Index popped 723.66 points to 315,985.82. The Junior Market Index dipped 18.95 points to wrap-up trading at 3,682.39 and the JSE USD Market Index gained 4.25 points to finish at 223.13.
Investors traded 10,449,490 shares, in all three markets, down from 13,761,322 units on Tuesday. The value of stocks traded on the Junior and Main markets amounts to $48.29 million compared with $65.97 million on Tuesday. The JSE USD market closed after just 6,525 shares were traded, for US$320 compared to 130,502 units at US$2,973 on Wednesday.
In the preference segment, Jamaica Public Service 7% rallied $1 to $41 and Productive Business Solutions 10.5 % preference share lost $30 to end at $1,060.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 13.7 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 navigate numerous investment options successfully in the 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.
Big JSE Main Market jump
Trading activity dived on the Jamaica Stock Exchange Main Market on Wednesday, but rising prices beat out those declining, following a 77 percent drop in the volume of stocks traded and an 87 percent fall in value from Tuesday, resulting from trading in 56 securities compared with 62 on Tuesday, with prices of 19 rising, 13 declining and 24 ending unchanged.
Overall, 3,998,798 shares were traded for $44,873,267 in comparison with 17,429,449 units at $353,349,332 on Tuesday.
Trading averaged 71,407 shares at $801,308 down from 281,120 units at $5,699,183 on Tuesday. Trading for the month to date, averages 142,086 units at $1,519,272 compared to 147,748 units at $1,576,792 on the previous day. Trading in November averaged 275,587 units at $2,488,949.
Transjamaican Highway led trading with 972,604 shares for 24.3 percent of total volume followed by Wigton Windfarm with 810,804 units for 20.3 percent of the day’s trade and Supreme Ventures with 500,542 units for 12.5 percent market share.
The All Jamaican Composite Index blasted 3,444.03 points higher to 351,411.76, the JSE Main Index jumped 2,092.44 points to end trading at 315,262.16 and the JSE Financial Index rallied 0.19 points to 68.53.
The Main Market ended trading with an average PE Ratio of 13. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments increased 90 cents in closing at $70.95 with an exchange of 9,553 stock units, Caribbean Cement rose 29 cents to $53.59 after 1,390 shares were traded, GraceKennedy popped 57 cents and ended at $78.57 with investors dealing in 116,168 stock units. Guardian Holdings rallied $8 to close at $400 and closed with an exchange of 548 stocks, Jamaica Broilers sank $1.10 to end at $33.01 with a transfer of 56,112 units, Jamaica Producers rose 97 cents in closing at $23.72 as investors exchanged 16,902 stocks. Jamaica Stock Exchange advanced 40 cents to $9.60, after 48 shares passed through the market, Massy Holdings gained 44 cents to end at $89.94 with investors swapping 40 stock units, Mayberry Group dropped 45 cents to close at $8.40, with 203,772 shares crossing the market.
NCB Financial rose 30 cents and ended at $65.80 in switching ownership of 106,244 stock units, Pan Jamaica rallied 50 cents to $49.50 with investors trading 738 stocks, Scotia Group increased 72 cents to close at a 52 weeks’ high of $37.12 in an exchange of 96,527 units after the price hit a new intraday 52 weeks’ high of $41.50 that induced new selling to come into the market. At the close, there were only 5 offers to sell less than 30,000 units at $40 or below, but bids to buy are mostly below $37. Seprod shed 40 cents and ended at $74 after trading 1,848 shares, Stanley Motta popped 78 cents to end at $5.99 while exchanging 900 stock units and Sygnus Credit Investments declined 29 cents in closing at $10.70 with traders dealing in 6,058 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market slips on increased trading
JMMB Group dominated trading on the Jamaica Stock Exchange Main Market on Tuesday, with an exchange of more than 11 million shares with a value of $278 million which led to a 143 percent jump in the volume of stocks traded with the value climbing 221 percent more than on Monday, following trading in 62 securities compared with 52 on Monday and ended with prices of 22 stocks rising, 18 declining and 22 ending unchanged.
Trading ended with an exchange of 17,429,449 shares at $353,349,332 compared with 7,174,227 units at $110,200,209 on Monday.
Trading averaged 281,120 shares at $5,699,183 compared with 137,966 units at $2,119,235 on Monday and month to date, an average of 147,748 units at $1,576,792, compared to 134,767 units at $1,175,554 on the previous day and below November with an average of 275,587 units at $2,488,949.
JMMB Group led trading with 11.12 million shares for 63.8 percent of total volume followed by Transjamaican Highway with 2.07 million units for 11.9 percent of the day’s trade and Kingston Wharves with 1.60 million units for 9.2 percent of the day’s trade.
The All Jamaican Composite Index declined 486.87 points to conclude trading at 347,967.73, the JSE Main Index fell 15.87 points to cease trading at 313,169.72 and the JSE Financial Index climbed 0.35 points to wrap up trading at 68.34.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Producers skidded 25 cents to close at $9.07 after 41,669 stock units passed through the market, Eppley Caribbean Property Fund advanced 50 cents to close at $39.50 in an exchange of a mere 4 units, General Accident rose 44 cents and ended at $4.85 after 9,604 shares were traded. GraceKennedy rallied $1.50 in closing at $78 after an exchange of 11,942 stock units, Guardian Holdings fell $10 to $392 with a transfer of 651 shares, Jamaica Producers popped 74 cents to $22.75 after exchanging 8,105 units. Jamaica Stock Exchange declined 40 cents and ended at $9.20, with 5,047 stocks, clearing the market Massy Holdings sank 45 cents in closing at $89.50 while exchanging 430 stock units, NCB Financial gained 50 cents to close at $65.50 in switching ownership of 19,537 shares. Proven Investments increased 48 cents to end at $22.63 with investors transferring 2,400 stocks, Scotia Group climbed 90 cents to a 52 weeks’ closing high of $36.40, with 31,462 units crossing the market, Seprod increased $2.90 to close at $74.40 with investors dealing in 73,172 stock units.
Stanley Motta dipped 84 cents to end at $5.21 with 720 shares being traded, Supreme Ventures climbed 30 cents in closing at $26 as investors exchanged 47,117 stock units, Sygnus Credit Investments rose 49 cents and ended at $10.99 after a transfer of 7,180 units. Sygnus Real Estate Finance lost 80 cents to $9.50 with investors swapping 114 stocks and Wisynco Group shed 49 cents in closing at $20.01, with 76,908 units changing hands,
In the preference segment, Eppley 7.50% preference share dropped 80 cents to close at $6 with investors trading 10,511 stocks. Eppley 7.75% preference share gained $2.66 to end at $19 in an exchange of 2,000 shares, JMMB Group 7.25% preference share popped 35 cents and ended at $2 after trading 216 stock units, 138 Student Living preference share rallied $24 to $114, with 133 shares crossing the exchange. Productive Business Solutions 10.5% preference share fell $10 and ended at $1,090 in trading 55 stock units and Productive Business Solutions 9.75% preference share advanced $10.50 in closing at $115.50 with traders dealing in 51 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
Trading ended on Monday with a 35 percent jump in the volume of stocks traded after the value surged 312 percent more than on Friday on the Jamaica Stock Exchange Main Market and resulted from trading in 52 securities compared with 53 on Friday, with prices of 20 stocks rising, 17 declining and 15 ending unchanged, with the market rising to close off the day after the market indices gained much more than it lost on Friday
A total of 7,174,227 shares were traded for $110,200,209 up from 5,322,135 units at $26,717,369 on Friday.
Trading averaged 137,966 shares at $2,119,235 which is above the 100,418 units at $504,101 on Friday and month to date, an average of 134,767 units at $1,175,554, compared to 134,482 units at $1,091,671 on the previous trading day and well below November with an average of 275,587 units at $2,488,949.
Wisynco Group led trading with 3.08 million shares for 42.9 percent of total volume, Transjamaican Highway was next with 2.27 million units for 31.7 percent of the day’s trade and Kingston Wharves 420,053 units for 5.9 percent market share.
The All Jamaican Composite Index gained 2,418.86 points to 348,454.60, the JSE Main Index rallied 1,868.21 points to 313,185.59 and the JSE Financial Index rose 0.46 points to end the day at 67.99.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AS Bryden climbed $1.65 to end at $30 after an exchange of 45,227 stock units, Caribbean Cement increased 30 cents to close at $53.30, with 407 shares changing hands, Caribbean Producers popped 82 cents and ended at $9.32 with an exchange of 8,031 stocks. GraceKennedy rallied $1 to $76.50 with 124,616 units clearing the market, Jamaica Broilers fell $1.12 to close at $33.88 as investors exchanged 3,531 shares, Jamaica Producers dropped 99 cents to $22.01 in trading 12,000 stock units. Kingston Wharves shed $1.50 in closing at $27 after a transfer of 420,053 units, Margaritaville rose 90 cents and ended at $17 with investors dealing in 785 stocks,
Mayberry Group gained 55 cents to end at $8.85 in an exchange of 5,723 units. NCB Financial lost 50 cents to close at $65 with investors exchanging 47,185 stocks, Pan Jamaica jumped $6.28 to $49, with 63,010 shares crossing the exchange, Scotia Group skidded 50 cents to close at $35.50 with traders dealing in 259,776 stock units, following the stocks trading at a one year high of $37. Seprod sank $3.40 to $71.50 in switching ownership of 3,006 shares, Sygnus Credit Investments declined 50 cents and ended at $10.50 with investors swapping 14,266 stock units and Sygnus Real Estate Finance popped $1.30 to close at $10.30 after 558 stocks were traded.
In the preference segment, Eppley 7.50% preference share climbed 56 cents to $6.80 after an exchange of 186 stock units and JMMB Group 7.25% preference share dipped 35 cents in closing at $1.65 with investors trading 924 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on the JSE on Monday
The Junior Market and the USD market slipped at the close of trading on the Jamaica Stock Exchange on Monday while the Main Market rose, with the volume and value of stocks changing hands rising from trading on Friday.
At the close of the market, Main Market stocks rallied with Pan Jamaica leading with a rise of $6.28, AS Bryden rose $1.65, Sygnus Real Estate rose $1.30, followed by GraceKennedy with a rise of $1. Junior Market stocks saw Cargo Handlers jumping $1.65, Knutsford Express up $1.42 and Main Events up $1.30.
Seprod fell $3.40 followed by Kingston Wharves with a fall of $1.50 and Jamaica Broilers $1.12 while Jamaica Producers chipped in with a fall of 99 cents.
At the close of trading, the JSE Combined Market Index popped 1,697.59 points to close at 326,030.47, the All Jamaican Composite Index rallied 2,418.86 points to end at 348,454.60, the JSE Main Index gained 1,868.21 points to close at 313,185.59. The Junior Market Index slipped 6.21 points to end at 3,689.47 and the JSE USD Market Index dipped 3.11 points to 216.22.
Investors traded 12,392,600 shares, in all three markets, up from 10,332,299 units on Friday. The value of stocks traded on the Junior and Main markets amounts to a mere $120.48 million up from $38 million on Friday. The JSE USD market closed after 286,910 shares were traded, for US$7,613 compared to 49,892 units at US$8,545 on Friday.
In the preference segment, no stocks traded with notable price changes.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 13.7 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 navigate numerous investment options successfully in the 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.
Rising stocks outpace losers on JSE Main Market
The Jamaica Stock Exchange Main Market ended on Friday, with rising stocks outdoing those declining stocks by more than three to two and led to moderate changes in the market indices after the volume of stocks traded rose 90 percent over Thursday and the value dipped just 7 percent lower, after trading in 53 securities compared with 52 on Thursday.
Trading ended with prices of 22 stocks rising, including Scotia Group that traded at a 52 weeks’ high of $26.69 following release of record profits on Monday. Prices of 15 stocks declined and 16 closed unchanged.
A total of 5,322,135 shares were traded for $26,717,369 compared to 2,797,752 units at $28,650,079 on Thursday.
Trading averaged 100,418 shares at $504,101 in comparison to 53,803 units at $550,963 on Thursday and month to date, an average of 134,482 units at $1,091,671 compared to 137,876 stock units at $1,150,207 on the previous day and running below November, with an average of 275,587 units at $2,488,949.
Transjamaican Highway led trading with 1.20 million shares for 22.6 percent of total volume followed by Wigton Windfarm with 1.10 million units for 20.7 percent of the day’s trade and QWI Investments with 939,280 units for 17.6 percent market share.
The All Jamaican Composite Index shed 451.88 points to lock up trading at 346,035.74, the JSE Main Index skidded 392.04 points to 311,317.38 and the JSE Financial Index slipped 0.23 points to 67.53.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
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, AS Bryden shed 65 cents to end at $28.35 while exchanging 283 stock units, Caribbean Producers declined 55 cents to $8.50, with 202,378 shares crossing the market, Eppley gained $4 and ended at $39 as investors exchanged 5,429 units. Eppley Caribbean Property Fund popped $3.80 in closing at $39 after 13,016 stocks were traded, First Rock Real Estate rallied 29 cents to close at $7.50, with 4,696 shares changing hands, GraceKennedy increased $1 to $75.50 with investors swapping 40,616 units. Guardian Holdings climbed $2 and ended at $402, with 17 stocks crossing the market, Kingston Properties rose 40 cents to close at $7.40 after trading of 1,979 stock units, NCB Financial lost $1.47 to end at $65.50 with investors dealing in 11,542 shares.
Pan Jamaica sank $6.73 in closing at $42.72 after an exchange of 9,445 units, Proven Investments fell 90 cents to $22.10, as 3,677 stocks passed through the market, Sagicor Group advanced 50 cents in closing at $40.50 with an exchange of 30,535 stock units. Scotia Group popped $1.50 and ended at a 52 weeks’ high of $36, with 211,460 shares clearing the market up to a high of $36.69, Supreme Ventures increased 94 cents to close at $25.50 with traders dealing in 11,951 units and Sygnus Credit Investments climbed 49 cents to end at $11, with 2,229 stocks crossing the exchange.
In the preference segment, Eppley 7.50% preference share skidded 54 cents in closing at $6.24 with a transfer of 3,251 stock units and Jamaica Public Service 7% dipped $4.50 to $40 after an exchange of 452 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Drop in trading on the JSE Main Market
The Jamaica Stock Exchange Main Market ended trading on Thursday, with the volume of stocks changing hands declining 57 percent and the value 26 percent lower than on Wednesday, with trading in 52 securities compared with 54 on Wednesday and ended with prices of 20 rising, 21 declining and 11 unchanged.
Trading accounted for 2,797,752 shares changing hands for $28,650,079 versus 6,457,532 stock units at $38,558,222 on Wednesday.
Trading averaged 53,803 shares at $550,963 compared to 119,584 units at $714,041 on Wednesday and month to date, an average of 137,876 units at $1,150,207 compared with 146,984 units at $1,215,126 on the previous day, down from November with an average of 275,587 units at $2,488,949.
JMMB Group 7.35% – 2028 led trading with 514,145 shares for 18.4 percent of the volume followed by Transjamaican Highway with 386,691 units for 13.8 percent of the day’s trade and Wisynco Group with 363,182 units for 13 percent market share.
The All Jamaican Composite Index rallied 5.10 points to finish at 346,487.62, the JSE Main Index rallied 755.51 points to close at 311,709.42 and the JSE Financial Index gained 0.32 points to wrap up trading at 67.76.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Eppley rallied $2 to close at $35 with investors transferring 141 stock units, Eppley Caribbean Property Fund skidded $3.80 to $35.20, with investors exchanging 1,522 shares, GraceKennedy fell $1.50 to end at $74.50 after 12,237 units passed through the market. Guardian Holdings rose $8 in closing at $400 in an exchange of 20 stocks, Jamaica Broilers advanced $1.10 and ended at $35 with 148,882 shares clearing the market, Jamaica Stock Exchange dipped 64 cents to $9.50 in switching ownership of 160 stocks.
Key Insurance popped 52 cents to end at $2.50 after a transfer of 19,670 units, Massy Holdings climbed $1.45 in closing at $89.95, with 184 stock units changing hands, Mayberry Group increased 12 cents and ended at $8.20 and closed with an exchange of 154,229 shares. MPC Caribbean Clean Energy lost $2.98 to close at $89.01, with just 2 stock units crossing the market, NCB Financial rallied $1.87 to $66.97 after an exchange of 13,905 units, Pan Jamaica rose 45 cents and ended at $49.45, with 596 stocks crossing the market. Proven Investments dropped 41 cents to close at $23 while exchanging 8,503 units, Seprod gained $4.17 to end at $74.90 in trading 32,628 stocks, Sygnus Credit Investments shed 92 cents in closing at $10.51, with 2,200 shares crossing the exchange and Wisynco Group declined 79 cents to $20.17 trading 363,182 stock units.
In the preference segment, 138 Student Living preference share fell $24 to $90 in an exchange of 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Markets marking time
The Main market and the USD markets of the Jamaica Stock Exchange eked out gains on Thursday while the Junior Market declined, with the volume of stocks changing hands exceeding those on Wednesday fueled by a rise in the traded value.
At the close of trading, Guardian Holdings led stocks rising with a gain of $8 followed by Seprod up $4.17, Eppley rose $2 $2.49, NCB Financial a $1.87 and Massy Holdings off $1.45 and Jamaica Broilers up by $1,10. Declining stocks saw Eppley Caribbean Property Fund falling $3.80 followed by MPC Caribbean Energy Fund with a fall of $3.64 and GraceKennedy down $1.50.
At the close of trading, the JSE Combined Market Index popped 524.07 points to close at 324,399.50, the All Jamaican Composite Index popped 5.10 points to wrap up trading at 346,487.62, the JSE Main Index advanced 755.51 points to end at 311,709.42. The Junior Market Index shed 21.06 points to close at 3,661.32 and the JSE USD Market Index inched 0.13 points higher to finish at 223.89.
Investors traded 22,170,439 shares, in all three markets, up from 11,954,522 units on Wednesday. The value of stocks traded on the Junior and Main markets amounts to a mere $63.54 million up from $48.78 million on Wednesday. The JSE USD market closed after 10,110 shares were traded, for US$968 compared to 730,855 units at US$13,102 on Wednesday.
In the preference segment, 138 Student Living preference share fell $24 and ended at $90.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 13.6 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.
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