Trading jumped on the Jamaica Stock Exchange US dollar market on Tuesday, with 905 percent more stocks changing hands, with the value rising 226 percent over Monday, resulting in the trading of 12 securities, compared to eight on Monday with no rising, eight declining and four ending unchanged.
Trading ended with an exchange of 1,638,947 shares for US$60,212 from 163,158 units at US$18,456 on Monday.
Trading averaged 136,579 units at US$5,018 versus 20,395 shares at US$2,307 on Monday, with a month to date average of 45,290 shares at US$3,746 compared with 36,527 units at US$3,624 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 3.71 points to end at 213.33.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.49 of a cent in ending at 7 US cents after an exchange of 34 shares, MPC Caribbean Clean Energy shed 5 cents in closing at 55 US cents, with 13 units crossing the market, Productive Business Solutions lost 5 cents to close at US$1.50 in an exchange of 3 stocks. Proven Investments dropped 0.94 of a cent to end at 20 US cents in trading 121,911 stock units, Sterling Investments declined 0.13 of a cent to 1.86 US cents with an exchange of 583 stock units, Sygnus Credit Investments J$ share dipped 1.28 cents to end at 12 US cents after a transfer of 822 shares.
Sygnus Credit Investments USD share remained at 9.5 US cents with the swapping of 284 units, Sygnus Real Estate Finance USD share ended at 9.5 US cents in switching ownership of 14,023 stocks and Transjamaican Highway lost 0.06 of a cent to end at 0.91 of one US cents after finishing trading of 1,481,029 shares.
In the preference segment, Productive Business 9.25% preference share remained at US$11 with investors transferring 86 stocks, Equityline Mortgage Investment preference share shed 3 cents to close at a 52 weeks’ low of US$1.64, with nine units crossing the market and JMMB Group 6% ended at US$1 in exchanging 20,150 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume surges prices drop on JSE USD Market
All JSE markets fall on Tuesday
Stock prices softened for a second day in all the Jamaica Stock Exchange markets on Tuesday, with the volume and value of stocks traded rising over the volume and value exchanges on Monday.
Trading ended with an exchange of 41,010,941 shares up sharply from 25,716,908 units on Monday, with a value of $85.24 million compared to $74.88 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$60,212 versus US$18,456 on Monday.
At the close, the Combined Market Index dropped 699.46 points to 352,997.58, the All Jamaican Composite Index increased 387.49 points to 385,609.48, the JSE Main Index dipped 110.73 points to 339,988.28, the Junior Market dropped 64.19 points to 3,904.77 and the JSE US dollar market lost 3.71 points to close at 213.33.
The market’s PE ratio ended at 22.6 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.
Slippage for the JSE USD market
Trading activity fell on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands declining 72 percent valued 77 percent less than on Friday and resulted in eight securities traded, compared to seven on Friday, with three rising, two declining and three ending unchanged.
Overall, 163,158 shares were traded for US$18,456 compared with 590,378 units at US$81,708 on Friday.
Trading averaged 20,395 units at US$2,307, down from 84,340 shares at US$11,673 on Friday, with month to date average of 36,527 shares at US$3,624 compared with 37,630 units at US$3,714 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 1.20 points to end at 217.04.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. 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 no stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.48 of a cent to 7.49 US cents after an exchange of 2,925 shares, Proven Investments increased 1.94 cents to 20.94 US cents in trading 46,134 units, 
Sterling Investments remained at 1.99 US cents, with 3,500 stock units crossing the exchange. Sygnus Real Estate Finance USD share dropped 1.48 cents to end at 9.5 US cents, with 3,119 stocks being traded and Transjamaican Highway climbed 0.06 of a cent in closing at 0.97 US cents after a transfer of 102,490 stock units.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 in an exchange of 4 units, JMMB Group 5.75% fell 3 cents in closing at US$1.97 after 3,000 stocks were traded and JMMB Group 6% remained at US$1 as investors exchanged 1,986 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Main Market stocks clobbered on Monday
Falling stocks dominated those rising 2 to 1 at the close of market activity on the Jamaica Stock Exchange Main Market on Monday after 58 securities traded up from 51 on Friday and ended with 14 rising, 27 declining and 17 ending unchanged with the volume of stocks traded rising moderately and the value falling 73 percent compared to Friday.
A total of 9,807,711 shares were traded for $34,195,444 compared to 9,464,712 units at $128,636,676 on Friday.
Trading averages 169,098 units at $589,577 versus 185,583 shares at $2,522,288 on Friday and month to date, an average of 146,402 units at $1,396,737 compared with 144,740 units at $1,455,847 on the previous day. Trading in December averaged 604,110 units at $4,072,598.
Wigton Windfarm led trading with 4.82 million shares for 49.2 percent of total volume followed by Sagicor Select Financial Fund with 1.19 million units for 12.1 percent of the day’s trade and Transjamaican Highway with 1.10 million units for 11.2 percent market share.
The All Jamaican Composite Index fell 840.56 points to 385,221.99, the JSE Main Index declined 632.70 points to 340,098.47 and the JSE Financial Index slipped 0.11 points to 81.17.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 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 ending with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rallied 45 cents to end at $9.95 after 854 shares cleared the market, Caribbean Cement shed $1.55 in closing at $58.45 with 16,327 units changing hands, Caribbean Producers shed 33 cents in ending at $11.17 with 119,694 units being exchanged. Eppley Caribbean Property Fund advanced 44 cents to $49.94 in switching owners of 50 stock units. GraceKennedy popped $3 while ending at $82 after exchanging 32,986 stocks, 
Guardian Holdings climbed $8 to close at $520 with a transfer of 170 units, JMMB Group lost 40 cents to end at $34 in exchanging 79,318 stock units. Massy Holdings fell $1.42 to close at $78.58 in trading 44,995 shares, Mayberry Jamaican Equities advanced $1.09 to $12.99 after swapping of 1,305 stocks, MPC Caribbean Clean Energy dropped $8 to $75 with investors transferring 1,124 stocks. Portland JSX rose $1.10 in ending at $11.50 after three shares passed through the market, Sagicor Group declined $1.99 to close at $48.51 trading 19,963 stock units, Seprod dipped $1.49 to $67.50 as investors exchanged 9,530 units and Sterling Investments shed 47 cents to $2.60 trading 26,099 stocks.
In the preference segment, JMMB Group 7% preference share gained 59 cents in closing at $2.84 transferring 31 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market loses altitude
Trading on the Junior Market of the Jamaica Stock Exchange was dominated by falling stock prices on Monday with all the 49 list securities trading up from 46 on Friday as the volume of stocks traded declined by22 percent, with the value exchanged being 19 percent lower than on Friday and leading to prices of 10 stocks rising, 29 declining and 10 closing unchanged.
A total of 15,746,039 shares were exchanged for $40,681,154 versus 20,295,875 units at $50,102,944 on Friday.
Trading averaged 321,348 shares at $830,228 down from 441,215 units at $1,089,194 on Friday with the month to date average of 214,342 stock units at $547,976 compared to 205,980 stocks at $525,918 on Friday, the previous day. Trading in December averaged 333,420 units at $925,533.
Image Plus Consultants led trading with 7.81 million shares for 49.6 percent of total volume followed by Fosrich with 2.48 million units for 15.7 percent of the day’s trade and Regency Petroleum with 896,948 units for 5.7 percent market share.
At the close, the Junior Market Index shed 24.95 points to close at 3,968.96.
The PE Ratio, a measure of computing appropriate stock values, averages 12.5. The PE ratios of 
Junior Market stocks use ICInsider.com projected earnings for the financial year ending that falls between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dropped $1.39 to end at $22.11 with a transfer of 2,512 shares, Cargo Handlers advanced $1.76 to $13.40 after trading 181 stock units, Caribbean Cream popped 60 cents to $3.80 in an exchange of 500 units. Dolphin Cove fell $1.52 to $13.68 after 226,485 stocks passed through the market, EduFocal fell 16 cents to $2.23 with the swapping of 86,766 stocks, Express Catering lost 10 cents to settle at $5.40 with an exchange of 10,208 shares. Fosrich shed 11 cents in closing at $3.54 with 2,478,099 stock units changing hands, Honey Bun rose 50 cents to $7.52 after 8,438 units crossed the market, iCreate lost 7 cents after ending at $1.71 trading 277,134 shares. 
Image Plus Consultants shed 20 cents to close at $2 as investors exchanged 7,813,398 stocks, as low as $1.90, Indies Pharma advanced 25 cents to $2.95 with a transfer of 98,685 stock units, ISP Finance dropped 40 cents in closing at $28 after switching ownership of 51 units. JFP Ltd lost 10 cents in ending at $1.62 with 157,396 stock units changing hands, KLE Group fell 19 cents to $1.71 with the swapping of 1,689 shares, Lasco Distributors dipped 15 cents to end at $2.58 as investors exchanged 27,760 stocks. Lasco Financial gained 24 cents to close at $2.84 with a transfer of 31,621 units, Lasco Manufacturing shed 39 cents in closing at $4.16 after exchanging 8,420 units, Lumber Depot gained 16 cents in ending at $2.46 after trading 136,511 stock units. Main Event dipped 30 cents to $9.10 in switching ownership of 41,568 shares, 
MFS Capital Partners declined 12 cents to close at $2.85 with an exchange of 533,814 stocks, Paramount Trading rallied 13 cents to close at $2.33 after clearing the market with 2,652 stock units and Tropical Battery lost 8 cents to settle at $2.41 after a transfer of 340,762 shares.
In the preference segment, CAC 2000 9.5% preference share fell 14 cents to $1.02 in trading 2,970 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets fall on Monday
Stocks prices softened in all markets on Monday on the Jamaica Stock Exchange, with the volume and value of stocks traded falling compared to Friday.
Trading ended, with an exchange of 25,716,908 shares down from 30,350,965 units on Friday, with a value of $74.88 million compared to $178.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$18,456 versus US$81,708 on Friday.
At the close, the Combined Market Index fell 820.67 points to 353,697.71, the All Jamaican Composite Index declined 840.56 points to 385,221.99, the JSE Main Index fell 632.15 points to 340,099.01, the Junior Market lost 24.95 points to end at 3,968.96 and the JSE US dollar market lost 1.20 points to close at 217.04.
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.
Heavy IPO first day trading bad for stock
Investors seem to accept that shares of Junior Market companies offered to the public will be oversubscribed and would go on to hit the circuit breaker of the first day of trading and take a few trading days before liquidity starts to emerge and deliver significant gains. The latest listing on the market that was oversubscribed was not greeted with the euphoria usually associated with IPOs and struggled on debut, with heavy trading in the stock.
Since 2019, the Junior Market added 13 new listings, with Image Plus Consultants being the last with its listing on Friday. Trading was unusually heavy on the first day with an exchange of 12.4 million units, accounting for 61.3 percent of the day’s trade with the price moving 10 percent to $2.20 from a listed price of $2. Image Plus although significant for a first trade is not the largest volume for an opening day.
The biggest volume on debut belongs to Future Energy that rose 32.5 percent after trading 19.68 million shares and never got a second leg in April when it listed and remained around the closing price for all of month. JFP rose 31 percent on the first day with 10.19 shares trading. Tropical Battery rose 29 percent on the first day with 5.76 million shares traded, with all of the others trading less than 356,000 units, with the lowest being a mere 100 shares for Limners and Bards, with a first day price gain of 30 percent.
The worst performing stock since 2019 is iCreate with a rise of 8 percent on the first day. All other stocks gained between 30 percent and 32.5 percent on the first trading day.
Trading value surges on JSE Main Market
Trading ended with a 27 percent decline in the volume of stocks passing through the Jamaica Stock Exchange Main Market on Friday, with the value rising 292 percent over Thursday and ended with trading in 51 securities down from 56 on Thursday, with 21 rising, 20 declining and 10 ending unchanged.
A total of 9,464,712 shares were exchanged for $128,636,676 versus 12,878,672 units at just $32,824,074 on Thursday.
Trading averaged 185,583 shares at $2,522,288 versus 229,976 shares at $586,144 on Thursday and month to date, an average of 144,740 units at $1,455,847 compared with 141,929 units at $1,382,448 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 3.84 million shares for 40.6 percent of total volume followed by Sagicor Select Financial Fund with 1.05 million units for 11.1 percent of the day’s trade and Transjamaican Highway with 964,522 units for 10.2 percent market share.
The All Jamaican Composite Index dipped 921.76 points to 386,062.55, the JSE Main Index declined 214.32 points to 340,731.16 and the JSE Financial Index slipped 0.23 points to settle at 81.28.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15.9 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 eight stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined 92 cents to $90.09 in exchanging 4,562 shares, Berger Paints fell $1.15 in closing at $9.50 with investors transferring 1,199 stock units, Caribbean Producers rallied 60 cents to end at $11.50 with an exchange of 7,712 units. Eppley advanced $1.88 to $40.88 after trading 1,150 stocks, Eppley Caribbean Property Fund climbed $6.50 ending at $49.50 after a transfer of 20 shares, First Rock Real Estate gained 88 cents to close at $12.80 after 12 stocks crossed the market. 
GraceKennedy shed $1.05 to finish at $79 with the swapping of 185,510 units, Jamaica Producers lost 89 cents to end at $20 after an exchange of 152,479 stock units, JMMB Group popped 51 cents to close at $34.40 as investors traded 63,698 shares. Kingston Wharves dipped 48 cents to $34.52 with 1,560 stocks changing hands, Mayberry Investments rose 87 cents to $8.87 with a transfer of 8,489 units, Mayberry Jamaican Equities dropped $1.10 to close at $11.90 in trading 35,760 stock units. NCB Financial shed $1.40 after ending at $78.60 in switching ownership of 132,060 shares, 138 Student Living rallied 65 cents to close at $4.97 after 190 stocks cleared the market, Palace Amusement traded 252 shares with a gain of 2 cents to close at a 52 weeks’ high of $2,100, PanJam Investment declined $3.09 in closing at $55.01 with the swapping of 16,506 units. Seprod advanced $1.54 to $68.99 after an exchange of 11,020 stock units, 
Sygnus Credit Investments dipped 42 cents to end at $12.58 with 41,177 shares changing hands and Sygnus Real Estate Finance rose $1.35 to close at $10.35 in switching ownership of 4,253 stock units.
In the preference segment, Eppley 7.50% preference share shed 98 cents in closing at $5.62 in exchanging 25,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD stocks dip on increased volume
Trading activity jumped on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks changing hands rising 54 percent valued 241 percent more than on Thursday, resulting in the trading of seven securities, compared to eight on Thursday with three rising, four declining and no ending unchanged.
Overall, 590,378 shares were traded for US$81,708 compared with 384,296 units at US$23,978 on Thursday.
Trading averaged 84,340 units at US$11,673 versus 48,037 shares at US$2,997 on Thursday, with a month to date average of 37,630 shares at US$3,714 up from 34,657 units at US$3,207 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index dipped 0.89 points to end at 218.24.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share inched 0.01 of a cent higher to 7.01 US cents 20,150 shares crossing the exchange, Proven Investments shed 1 cent to close at 19 US cents in an exchange of 385,657 stock units, Sterling Investments rose 0.04 of a cent to 1.99 US cents after trading 500 units. 
Sygnus Credit Investments USD share dropped 0.2 of a cent to 9.5 US cents with the swapping of 45,995 stocks, Sygnus Real Estate Finance USD share dipped 0.02 of a cent in closing at 10.98 US cents in an exchange of 73 shares and Transjamaican Highway fell 0.04 of a cent to 0.91 of one US cent in switching ownership of 138,000 stock units.
In the preference segment, Productive Business 9.25% preference share gained 45 cents in ending at US$11 with a transfer of just three stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Image Plus pushes Junior Market trading
Shares of the last Initial Public Offer in 2022, Image Plus Consultants, were listed on the Junior Market of the Jamaica Stock Exchange on Friday bringing the number of companies on the market to a record 48. The company’s shares dominated trading with just over 61 percent of the total volume of stocks traded, pushing the volume of stocks trading in the market 77 percent higher, with a 68 percent rise in the value compared to Thursday.
Trading in 46 securities on Friday, compares to 45 on Thursday and resulted in prices of 20 rising, 15 declining and 11 left unchanged and led to an exchange of 20,295,875 shares for $50,102,944 compared to 11,460,696 units at $29,877,310 on Thursday.
Trading averaged 441,215 shares at $1,089,194, from 254,682 units at $663,940 on Thursday, with the month to date, averaging 205,980 stocks at $525,918 compared with 187,355 shares at $481,322 on the previous day. December closed with an average of 333,420 units at $925,533.
Image Plus Consultants led trading with 12.44 million shares for 61.3 percent of total volume followed by Express Catering with 1.27 million units for 6.3 percent of the day’s trade, Regency Petroleum with 1.16 million units for 5.7 percent market share and JFP Ltd with 1.12 million units for 5.5 percent market share.
At the close, the Junior Market Index popped 30.02 points to settle at 3,993.91, ending the week much higher than at the close of the previous one.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year that falls between November last year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power rose 29 cents to $2.90 after an exchange of 15,339 shares, Caribbean Cream shed 65 cents to close at $3.20 with 32,014 units changing hands, Consolidated Bakeries popped 34 cents to end at $2.15 in transferring 164,626 stocks. Dolphin Cove dipped 10 cents to $15.20 after 41,594 stock units passed through the market, Express Catering gained 50 cents ending at $5.50 with an exchange of 1,270,658 stocks, Future Energy Source popped 7 cents to settle at $4.85 in trading 348,162 units. 
Honey Bun shed 13 cents to close at $7.02 with the swapping of 31,125 stock units, newly listed Image Plus Consultants rallied 20 cents to end at a record closing high of $2.20 with investors transferring 12,439,670 shares, Indies Pharma lost 17 cents in closing at $2.70 with 2,032 shares changing hands. Iron Rock Insurance gained 25 cents to end at $2.40 after trading 22,599 stock units, Knutsford Express advanced 47 cents to $12.49 after a transfer of 15,192 stocks, Lasco Financial lost 8 cents in closing at $2.60 after an exchange of 4,542 units. Lasco Manufacturing rose 37 cents to $4.55 as investors transferred 6,703 shares, Limners and Bards gained 19 cents to close at $2.59 after investors exchanged 3,900 stocks, Lumber Depot lost 17 cents to end at $2.30 trading 150,521 units. 
MFS Capital Partners advanced 14 cents to $2.97 with the swapping of 387,932 stock units, Paramount Trading rallied 8 cents in ending at $2.20 after an exchange of 5,592 stocks and Spur Tree Spices shed 27 cents to $2.75 in switching ownership of 458,199 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
