Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday with a 55 percent rise in the volume of stocks traded with 33 percent more funds passing through the market than on Tuesday with trading in 44 securities versus 47 on Tuesday and ended with 13 rising, 21 declining and 10 closing unchanged.
At the close, the Junior Market Index declined 47.01 points to finish at 3,901.24.
A total of 10,975,198 shares were exchanged for $26,988,194 up from 7,078,901 units at $20,254,759 on Tuesday.
Trading averaged 249,436 shares at $613,368 versus 150,615 units at $430,952 on Tuesday with the month to date, averaging 198,397 units at $519,153. December closed with an average of 333,420 units at $925,533.
iCreate led trading with 3.23 million shares for 29.5 percent of total volume followed by ONE on ONE Educational with 1.56 million units for 14.2 percent of the day’s trade and Regency Petroleum with 1.03 million units for 9.4 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year that fall between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial gained $2.50 in closing at $24.50 in trading a mere 58 shares, but supply seems to be declining and buying interest is low. AMG Packaging popped 16 cents to end at $2.82 with the swapping of 14,008 stocks, Caribbean Assurance Brokers increased 26 cents to $2.14 after a transfer of 16,900 stock units. Caribbean Cream rose 12 cents to close at $3.98 and closed with just 160 units trading, Caribbean Flavours lost 10 cents in ending at $1.72 after trading 50 shares, Consolidated Bakeries climbed 15 cents in closing at $1.85 with an exchange of 3,187 stock units. Dolphin Cove dropped 88 cents to end at $14 in switching ownership of 148,681 stocks, Express Catering declined 10 cents to $5.30 after an exchange of 500 units, Fosrich shed 24 cents to close at $3.99 after investors finished trading 511,652 units. iCreate dipped 43 cents to $1.50 in an exchange of 3,234,540 stocks, Indies Pharma fell 25 cents to $2.75, with 12,528 stock units passing through the market, Iron Rock Insurance declined 37 cents ending at $1.98 after 4,000 shares crossed the market. Jamaican Teas fell 10 cents to close at $2.50, with 437,300 shares crossing the market, Knutsford Express advanced 20 cents to end at $8.20 while exchanging 1,815 units, Lasco Manufacturing rallied 36 cents in closing at $4.30, with 14,263 stocks crossing the exchange. Limners and Bards dropped 33 cents to close at $2.43 as investors exchanged 30,090 stock units, Lumber Depot shed 39 cents in closing at $2.30, with 323,510 stock units changing hands, Main Event dipped $1.99 to end at $7 after an exchange of 216,945 units. Paramount Trading fell 10 cents to $1.80 with a transfer of 14,333 shares and tTech popped 33 cents to end at $2.53 with investors transferring 33,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE Markets drop
All JSE Markets dropped as stocks mostly fell on Wednesday, with the JSE Main Market breaking its winning streak from the last two weeks, while the Junior Market slipped further for a second trading day and the JSE USD market dipped a few points after being in positive territory until the dying minutes of trading.
Trading ended, with an exchange of 18,423,695 shares from 16,287,615 units on Tuesday, with the value dropping to $84.7 million down from $87.4 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$3,524 down from US$11,129 on Tuesday.
At the close, the Combined Market Index dropped 8,910.35 points to 359,650.24, the All Jamaican Composite Index dived 9,718.27 points to 394,631.15, the JSE Main Index shed 9,089.39 points to 347,149.59, the Junior Market dropped 47.01 points to 3,901.24 and the JSE US dollar market dipped 0.57 points to 233.85.
The market’s PE ratio ended at 21.1 based on 2021-22 earnings and 12.9 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.
Gain for JSE USD market
The Jamaica Stock Exchange US dollar market eased into trading on the first business day of the new year on Tuesday, with 173 percent more stocks changing hands with the value rising 120 percent more than on Friday, resulting in trading in seven securities, compared to nine on Friday with two rising, three declining and two ending unchanged.
A total of 956,617 shares were exchanged for US$11,129, up from 350,984 units at US$5,053 on Friday.
Trading averaged 136,660 units at US$1,590 versus 38,998 shares at US$561 on Friday. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index rose 0.45 points to end at 234.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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 none with a lower offer.
At the close, First Rock Real Estate USD share dropped 0.12 of a cent in closing at 7.78 US cents with trading of 278 shares, Proven Investments advanced 0.74 of one cent to end at 19.74 US cents after exchanging 832 stocks, Sterling Investments lost 0.13 of a cent in ending at 2 US cents in an exchange of 21,168 units and Transjamaican Highway shed 0.01 of a cent to 0.97 of one US cent with an exchange of 933,274 stock units,
In the preference segment, Productive Business 9.25% preference share ended at US$11.05 with a transfer of 25 shares, JMMB Group 5.75% remained at US$1.50, with 40 stock units crossing the market and JMMB Group 6% popped 2 cents in closing at US$1.07 after trading 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market up Juniors down
The JSE Main Market continued its winning streak from the last two weeks of 2022 and the JSE USD market popped a few points to start off 2023 on a winning note, but the Junior Market fell more than 50 points to give back quite a bit of Friday’s gains.
Trading ended, with an exchange of 16,287,615 shares from 205,547,234 units on Friday, with a value dropping sharply to $87.4 million down from $1.62 billion on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$11,129 up from US$5,053 on Friday.
At the close, the Combined Market Index dipped 31.39 points to 368,560.59, the All Jamaican Composite Index rose 1,269.06 points to 404,349.42, the JSE Main Index rallied 342.34 points to 356,238.98, the Junior Market dropped 38.19 points to 3,948.25 and the JSE US dollar market popped 0.45 points to 234.42.
The market’s PE ratio ended at 22.4 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.
JSE USD Market raps up 2022 with 19.7% rise
Trading on the Jamaica Stock Exchange US dollar market ended on Friday and for 2022, with the market gaining 19.7 percent for the year after the JSE US Denominated Equities Index closed 2.39 points higher on Friday to end at 233.97, following a 54 percent dip in the volume of stocks changing hands after 88 percent less funds entered the market compared with Thursday, resulting in nine securities traded, compared to eight on Thursday with five rising, one declining and three ending unchanged.
Overall, 350,984 shares were traded for US$5,053 compared to 758,093 units at US$42,021 on Thursday.
Trading averaged 38,998 units at US$561, 94,762 shares at US$5,253 on Thursday, with month to date average of 39,679 shares at US$1,492 compared with 39,721 units at US$1,550 on the previous day. November ended with an average of 33,854 units for US$3,351.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6 at the close Friday. 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 one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville popped 2.09 cents to close at 13.99 US cents in exchanging one share, MPC Caribbean Clean Energy rallied 1 cent to 61 US cents while exchanging 162 units, Productive Business Solutions remained at US$1.804 with investors transferring 50 stock units. Proven Investments shed 0.3 cents to end at 19 US cents in switching owners of 7,837 stocks, Sterling Investments rose 0.13 of a cent after ending at 2.13 US cents with the swapping of 183 stock units, Transjamaican Highway gained 0.08 of a cent in ending at 0.98 of one US cent, with 342,741 stocks crossing the market.
In the preference segment, Productive Business 9.25% preference share ended at US$11.05 with an exchange of 5 units, Eppley 6% preference share rose 2 cents to close at US$1.08 with an exchange of 3 shares and Equityline Mortgage Investment preference share remained at US$1.67 after a transfer of 2 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.