The Jamaica Stock Exchange Main Market closed lower on Thursday with a 49 recent drop in the volume of stocks traded after a 451 percent surge in the value of trading over Wednesday, following an exchange of 55 securities similar to Wednesday, with prices of just 12 rising, 25 declining and 17 ending unchanged.
A total of 16,679,571 shares were traded for $253,751,659 compared to 32,907,198 units at $46,037,711 on Wednesday.
Trading averaged 308,265 units at $4,613,667 compared with 598,313 shares at $837,049 on Wednesday and month to date, an average of 194,169 units at $1,509,440 versus 187,918 units at $1,331,594 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 8.29 million shares for 49.7 percent of total volume followed by Transjamaican Highway with 2.24 million units for 13.4 percent of the day’s trade and GraceKennedy with 2.24 million units for 13.4 percent market share.
The All Jamaican Composite Index dropped 3,148.60 points to 383,016.56, the JSE Main Index fell 1,743.19 points to 338,349.97 and the JSE Financial Index shed 0.77 points to close at 80.96.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15 for the Main Market. The JSE Main and USD Market PE ratios incorporate 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 nine stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Eppley dipped $1.50 to end at $37.50 after trading 135 shares, First Rock Real Estate fell 54 cents to close at $12.01 with 455,534 stock units changing hands, Jamaica Producers shed 99 cents to end at $20 with 56,447 stocks crossing the market. JMMB Group rose $1.25 to $35.50 with an exchange of 99,960 units, Kingston Wharves dropped $5.49 in closing at $30.25 in switching ownership of 600,195 stock units, Mayberry Investments fell 81 cents to $8 after investors traded 25,212 units. Mayberry Jamaican Equities shed $1 to settle at $12 after exchanging 303,361 stocks, Palace Amusement jumped $350 to end at a record high of $3,250 with 817 shares crossing the market, PanJam Investment dropped $2.20 to $55 after 2,528 stocks cleared the market. Proven Investments dipped 50 cents to $31 with the swapping of 1,705 stock units, Scotia Group fell 97 cents to end at $33.90 in trading 238,458 shares, Supreme Ventures fell $1.85 to $26.15 after a transfer of 66,596 units. Sygnus Credit Investments rallied 50 cents in closing at $13 in switching ownership of 25,136 stocks and Victoria Mutual Investments lost 47 cents ending at $3.53 with a transfer of 112,178 stock units.
In the preference segment, JMMB Group 7.15% – 2028 shed 40 cents to close at a 52 weeks’ low of $2.51 with investors transferring 50,000 shares and 138 Student Living preference share advanced $3.99 to $68.99 in an exchange of 253 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 266 percent valued 819 percent more than on Wednesday, after nine securities were traded, compared to eight on Wednesday with three rising, two declining and four ending unchanged.
Overall, 417,724 shares were traded for US$36,261 compared with 114,022 units at US$3,947 on Wednesday.
Trading averaged 46,414 shares at US$4,029 compared with 14,253 units at US$493 on Wednesday, with a month to date average of 43,744 shares for US$3,593 being fairly steady with 43,578 units at US$3,566 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE USD Equities Index added 0.37 points to end at 199.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share popped 0.79 of a cent to 7.79 US cents crossing after investors exchanged 400,159 shares, Productive Business Solutions remained at US$1.275 after a transfer of 585 stock units, Proven Investments climbed 0.89 of a cent in closing at 20 US cents after trading 16,499 stocks. Sygnus Credit Investments J$ share ended at 12 US cents, with 180 units crossing the market, Sygnus Credit Investments USD share ended at 9.5 US cents after trading 59 shares and Transjamaican Highway fell 0.04 of a cent to end at 0.91 of one US cents as 76 units changed hands.
In the preference segment, Productive Business 9.25% preference share remained at US$11 after 150 stock units changed hands, Eppley 6% preference share dropped 2.5 cents to US$1.045 with investors transferring 15 stocks and Equityline Mortgage Investment preference share rallied 3 cents to close at US$1.67 after an exchange of one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps as JSE markets fall
The total amount of funds entering the Jamaica Stock Exchange markets surged on Thursday over Wednesday but the Main and Junior markets suffered declines after opening up in the morning sessions but the JSE USD market inched higher.
At the close of market action Palace Amusement surged to a record high of $3,250 after posting a gain of $350 as trading on the market ended with an exchange of 29,715,470 shares down from 44,186,085 units on Wednesday, with a value of $285.4 million from a mere $71.79 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$36,261 versus US$3,947 on Wednesday.
At the close, the Combined Market Index dropped 2,149.90 points to 351,278.98, the All Jamaican Composite Index lost 3,148.60 points to close at 383,016.56, the JSE Main Market Index declined 1,743.19 points to 338,349.97, the Junior Market dived 56.62 points to 3,884.06 and the JSE US dollar market popped 0.37 points to close at 199.46.
The market’s PE ratio ended at 22.2 based on 2021-22 earnings and 13.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 investment decisions by 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. It 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 show the closing volume for the bids and offers.
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.
Big drop for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market plunged on Wednesday, with the volume and the value of stocks changing hands declining 93 percent from trading on Tuesday, resulting in eight securities traded, compared to 12 on Tuesday with two rising, three declining and three ending unchanged and resulting in the JSE US Denominated Equities Index dropping 14.24 points to close at 199.09.
Just 114,022 shares were traded for US$3,947 compared with 1,638,947 units at US$60,212 on Tuesday.
Trading averaged 14,253 shares at US$493 versus 136,579 shares at US$5,018 on Tuesday, with a month to date average of 43,578 shares at US$3,566 compared with 45,290 units at US$3,746 on the previous day. December ended with an average of 39,679 units for US$1,494.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and three stocks with lower offers.
At the close, First Rock Real Estate USD share remained at 7 US cents after an exchange of 6,474 shares, Margaritaville dipped 2.18 cents in closing at 12.32 US cents in exchanging 304 stocks, Productive Business Solutions fell 22.5 cents to US$1.275 after 406 stock units crossed the market. Proven Investments lost 0.89 of a cent to end at 19.11 US cents, with 10,000 units changing hands, Sterling Investments rallied 0.01 of a cent to 1.87 US cents after 4,722 stocks changed hands and Transjamaican Highway climbed 0.04 of a cent to close at 0.95 of one US cent after 92,103 units were traded.
In the preference segment, Productive Business 9.25% preference share ended at US$11 in switching ownership of 4 shares and JMMB Group 6% ended at US$1 after a transfer of 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main & Junior markets rise USD drops
Stocks in the Main and Junior markets rose on Wednesday but the JSE USD dropped sharply at the close of the Jamaica Stock Exchange markets, with the volume of stocks traded rising over Tuesday as value dropped back in continued low trading levels as the market consolidates in setting to chart the medium term direction.
Trading ended with an exchange of 44,186,085 shares up sharply from 41,010,941 units on Tuesday, with a value of $71.79 million just down from $85.24 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$3,947 versus US$60,212 on Tuesday.
At the close, the Combined Market Index popped 431.30 points to end at 353,428.88, the All Jamaican Composite Index gained 555.68 points to close at 386,165.16, the JSE Main Index rose 104.88 points to 340,093.16, the Junior Market Index climbed 35.91 points to 3,940.68 and the JSE US dollar market index dropped 14.24 points to close at 199.09.
The market’s PE ratio ended at 22.5 based on 2021-22 earnings and 13.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 investment decisions by 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. It 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 show the closing volume for the bids and offers.
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.