The Junior Market of the Jamaica Stock Exchange closed moderately higher on Tuesday after the market added nearly 90 points up late in the morning session, with the volume of stocks traded declining 21 percent and the value 29 percent lower than on Monday with 40 securities trading down from 47 on Monday and ended with prices of 20 rising, 16 declining and four closing unchanged.
A total of 9,486,819 shares were traded at $24,258,679 compared with 12,032,460 units at $34,094,366 on Monday.
Trading averaged 237,170 shares at $606,467 compared to 256,010 units at $725,412 on Monday. Trading month to date averages 196,347 units at $515,552 versus 187,473 stock units at $495,788 on the previous day. January closed with an average of 239,755 units at $646,375.
Image Plus Consultants led trading with 2 million shares for 21 percent of total volume followed by Derrimon Trading with 1.01 million units for 10.6 percent of the day’s trade and MFS Capital Partners with 1 million units for 10.6 percent market share.
At the close, the Junior Market Index advanced 7.39 points to 3,912.36.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks use ICInsider.com’s projected earnings for the financial year ending that fall 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 three with lower offers.
At the close, Access Financial advanced $2.25 to end at $23.25 with an exchange of 50 shares, AMG Packaging lost 20 cents to close at $2.70 after trading 47,645 stock units, Blue Power shed 24 cents to $2.46 in transferring 2,700 units. Caribbean Cream gained 25 cents to close at $3.50 with 85,796 stocks crossing the market, Consolidated Bakeries popped 60 cents in closing at $2.60 with the swapping of 32,800 stock units, Dolphin Cove fell 11 cents to end at $15.18 in switching ownership of 5,529 units. EduFocal shed 11 cents to close at $2.06 in exchanging 213,512 stocks, Fontana popped 10 cents to finish at $8.80 after 54,166 shares were traded, Fosrich lost 7 cents in ending at $3.52 with investors trading 539,126 shares. General Accident dipped 49 cents to close at $4.50 with 5,603 stock units changing hands, Honey Bun gained 10 cents to end at $7.40 after trading 1,290 stocks, Iron Rock Insurance advanced 22 cents to $2.39 with the swapping of one unit. Knutsford Express rallied 15 cents to close at $10 as investors exchanged 63,301 shares, Lasco Distributors shed 13 cents to end at $2.54 after 8,275 stock units passed through the market, Lasco Financial rose 19 cents to end at $2.82 as investors exchanged 17,200 units. Main Event gained 37 cents to close at $9.92 after a transfer of 1,602 stocks, Paramount Trading fell 10 cents to end at $2.25 in trading 27,000 stock units, Stationery and Office Supplies declined $1.23 to $14.26 with the swapping of 5,291 shares and Tropical Battery gained 14 cents in ending at $2.50 after exchanging 311,397 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading down for JES USD market
Trading dipped on the US dollar market Jamaica Stock Exchange on Tuesday, with a 75 percent fall in the volume of stocks changing hands and leading to a 17 percent drop in value compared to Monday and resulting in nine securities traded, compared to eight on Monday with two rising, four declining and five left unchanged.
Overall, 110,724 shares were traded for US$19,925 down from 441,584 units at US$23,988 on Monday.
Trading averaged 12,303 units at US$2,214 versus 55,198 shares at US$2,999 on Monday, with a month to date average of 35,675 shares at US$2,492 compared with 42,687 units at US$2,575 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.18 points to end at 235.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share remained at 7 US cents, with 1,707 shares changing hands, Productive Business Solutions dipped 1 cent to US$1.90 after trading at 20 stock units, Proven Investments lost 1.49 cents to end at 18.51 US cents in an exchange of 42,342 units. Sterling Investments declined 0.18 of a cent to close at 1.81 US cents, with 1,500 stocks crossing the market, Sygnus Credit Investments USD share climbed 0.02 of a cent in ending at 10 US cents, with 45,232 units passing through the exchange, Sygnus Real Estate Finance USD share ended at 8.5 US cents closed after 5,949 shares changed hands and Transjamaican Highway remained at 0.97 of one US cent with 8,668 stocks clearing the market.
In the preference segment, JMMB Group 5.75% ended at US$2.01 in exchanging 1,300 stock units and JMMB Group 6% rose 8.96 cents to close at US$1.0696 while trading 4,006 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gains JSE Main market falls
The volume of stocks trading dropped on the Jamaica Stock Exchange on Tuesday but with a higher value than on Monday, leading to a rise in the Junior Market and declines in the JSE Main and the USD Market of the Jamaica Stock Exchange.
Trading ended with an exchange of 17,343,337 shares, down from 21,902,708 units on Monday, valued at $122.33 million up from $66.44 million on the previous day. Trading on the JSE USD market resulted in investors trading US$19.925 compared with US$23,988 on Monday.
At the close, the Combined Market Index shed 2,089.31 points to 346,481.08, the All Jamaican Composite Index dropped 2,558.42 points to end at 375,830.59, the JSE Main Index lost 2,316.43 points to end at 332,917.44, the Junior Market rose 7.39 points to 3,912.36 and the JSE US dollar market dipped 1.18 points to close at 235.95.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 13.1 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.
Falling prices hit Jamaica Stock Exchange
The volume of trading picked up on the Jamaica Stock exchange on Monday but at a lower value than on Friday, leading to the JSE Main and Junior Market closing lower while the USD Market of the Jamaica Stock Exchange closed higher.
Trading ended with an exchange of 21,902,708 shares, down from 15,002,754 units on Friday, valued at $66.44 million up from $117 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$23,988 compared with US$20,906on Friday.
At the close, the Combined Market Index gained 557.08 points to 348,570.39, the All Jamaican Composite Index fell 2,647.57 points to 378,389.01, the JSE Main Index lost 2,561.70 points to end at 335,233.87, the Junior Market fell 35.50 points to 3,904.97 and the JSE US dollar market jumped 13.69 points to close at 237.13.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 13.3 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.
Trading picks upon JSE USD market Friday
Trading picked up steam on the Jamaica Stock Exchange US dollar market on Friday, with a 12 percent rise in the volume of stocks exchanged, leading to a 61 percent jump in value over Thursday, following trading in eight securities, compared to seven on Thursday with five rising, one declining and two ending unchanged.
Overall, 291,324 shares were exchanged for US$20,906 compared with 260,566 units at US$12,989 on Thursday.
Trading averaged 36,416 shares at US$2,613 versus 37,224 shares at US$1,856 on Thursday, with a month to date average of 38,137 shares at US$2,421 compared with 39,121 units at US$2,311 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index rose 0.51 points to 223.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.8. 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 prices and one with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.02 of a cent to end at 7 US cents after 3,283 shares passed through the market, Proven Investments increased 0.84 of one cent in ending at 20 US cents in an exchange of 11,800 stock units, Sygnus Credit Investments USD share advanced 0.47 of a cent to 9.98 US cents after an exchange of 24,718 units. Sygnus Real Estate Finance USD share lost 0.6 of one cent in closing at 8.9 US cents and trading 13,505 stocks and Transjamaican Highway remained at 0.92 of one US cent in an exchange of 230,000 stock units.
In the preference segment, Productive Business 9.25% preference share gained 89 cents to end at US$12 after trading 23 stocks. JMMB Group 5.75% popped 4 cents in closing at US$2.01 with investors transferring 4,215 shares and JMMB Group 6% ended at US$1 with 3,780 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rise as Junior Market falls
Trading picked on the Jamaica Stock exchange on Friday and led to the JSE Main Market and the USD Market of the Jamaica Stock Exchange closing higher, but the Junior Market declined for a third consecutive day following the big jump it enjoyed on Monday and Tuesday.
Trading ended with an exchange of 15,002,754 shares, down from 11,852,477 units on Thursday, valued at $117 million up from $51.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$20,906 compared with US$12,989 on Thursday.
At the close, the Combined Market Index gained 557.08 points to 351,286.59, the All Jamaican Composite Index added 394.82 points to end at 381,036.58, the JSE Main Index rallied 796.94 points to end at 337,795.57, the Junior Market lost 19.95 points to end at 3,940.47 and the JSE US dollar market popped 0.51 points to close at 223.44.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.9 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.