The JSE Main Market enjoyed another big day of trading on Friday to close out the year with strong two days gains, while the Junior Market jumped to sit just below the 4,000 index mark as it closed the year with gains that were less than that of 2021. The US dollar market index had a mild bounce as the year ended with that market rising 19.7 percent for the year.
Trading ended with an exchange of 205,547,234s hares from 19,368,737 units on Thursday, valued at $1.62 billion versus $113.6 million on the previous day. Kingston Properties contributed the most to trading, with 136 million changing hands for $1.05 billion. The JSE USD market ended with the value of stocks traded amounting to US$5,053 up from US$42,021 on Thursday.
At the close, the Combined Market Index jumped 5,046.42 points to 368,591.98, the All Jamaican Composite Index surged 8,864.59 points to 403,080.36, the JSE Main Index climbed 4,672.83 points to 355,896.64, the Junior Market jumped 74.89 points to 3,986.44 and the JSE US dollar market popped 2.39 points to 233.97.
The market’s PE ratio ended at 22.8 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.
Big fall for JSE USD Market
The Jamaica Stock Exchange US dollar market suffered a sharp reversal of recent gains with the market index diving 26.46 points to close at 231.58 after Productive Business Solutions had a massive decline in price on Thursday, after the volume of stocks changing hands declining 22 percent with a 187 percent greater value than on Wednesday, resulting in trading in eight securities, similar to the number traded on Wednesday and ended with two rising, four declining and two ending unchanged.
Overall, 758,093 shares were traded for US$42,021 compared with 966,219 units at US$14,629 on Wednesday.
Trading averaged 94,762 units at US$5,253 versus 120,777 shares at US$1,829 on Wednesday. Trading month to date average 39,721 shares at US$1,550 versus 36,460 units at US$1,331 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 8.5. 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 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 advanced 0.7 of a cent to 7.9 US cents after swapping 415,000 shares, MPC Caribbean Clean Energy dipped 5 cents to close at 60 US cents, with 866 stock units changing hands, Productive Business Solutions fell 44.6 cents in closing at US$1.804 after trading 57 units. Proven Investments popped 0.15 of a cent to 19.3 US cents trading 23,226 stocks, Sterling Investments dropped 0.18 of a cent to end at 2 US cents in an exchange of 13,256 units and Transjamaican Highway shed 0.07 of a cent after ending at 0.9 of one US cents in trading 304,858 shares.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.67 as investors exchanged one stock unit and JMMB Group 5.75% ended at US$1.50 with a transfer of 829 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big JSE Main Market surge
The JSE Main Market index surged sharply on Thursday, while the Junior Market rose moderately and the US dollar market index suffered a sharp reversal after the Jamaica Stock Exchange closed.
Trading ended, with an exchange of 19,368,737 shares from 32,490,607 units on Wednesday, with a value of $113.6 million versus $98 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$42,021 up from US$14,629 on Wednesday.
At the close, the Combined Market Index jumped 5,958.87 points to 363,545.56, the All Jamaican Composite Index surged 9,926.38 points to 394,215.77, the JSE Main Index rose 6,090.77 points to 351,223.81, the Junior Market Index climbed 30.17 points to 3,911.55 and the JSE US dollar market dropped 26.46 points to 231.58.
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.
Trading up for USD Market
Trading picked up on the Jamaica Stock Exchange US dollar market ended on Wednesday, following the long Christmas holiday break and closed with the volume of stocks changing hands rising 10,805 percent valued 1,994 percent more than on last week Friday and resulted in the trading of eight securities, similar to that on Friday and closed with four rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index gained 5.46 points to end at 258.04.
A total of 966,219 shares were traded for US$14,629 compared with 8,860 units at US$699 on Thursday. Trading averaged 120,777 shares at US$1,829 versus 1,108 units at US$87 last Friday, with the month to date average of 36,460 units at US$1,331 compared to 31,148 shares at US$1,300 on the previous trading 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. 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 ended with a bid higher than the last selling price and one with a lower offer.
At the close, Productivity Business Solutions rose 12.86 cents to close at US$2.25 with investors transferring 104 stocks. Proven Investments climbed 0.07 of a cent to end at 18.57 US cents, with 315 units crossing the exchange, Sterling Investments gained 0.18 of a cent in closing at 2.18 US cents with an exchange of 300 shares, Sygnus Credit Investments USD share shed 0.01 of a cent to end at 9.41 US cents after trading 52,922 units and Transjamaican Highway slipped 0.02 of a cent to 0.97 of one US cents with 911,831 shares crossing the market.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 in an exchange of one share, JMMB Group 6% fell 2 cents to close at US$1.05 as investors exchanged 731 stocks and Productivity Business 6% lost 95 cents to end at US$11.05 after 15 shares crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica Stock Exchange nearly stable,
The JSE Main Market index and the US dollar market index rose on Wednesday after the Jamaica Stock Exchange was closed for the long Christmas holidays, but the Junior Market slipped moderately to start off the last week of the year.
Trading ended with an exchange of 32,490,607 shares from 57,304,112 units last Friday, with a value of $98 million versus $258.7 million on the previous day. The JSE USD market ended with stocks traded with a value of US$14,629 versus US$699 last Friday.
The Combined Market Index fell 89.14 points to 357,586.69, the All Jamaican Composite Index dipped 178.44 points to 384,289.39, the JSE Main Index rose 169.81 points to 345,133.04, the Junior Market slipped 26.97 points to 3,881.38 and the JSE US dollar market rose 5.46 points to 258.04.
The market’s PE ratio ended at 25 based on 2021-22 earnings and 15 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.
600 to 1 stock split for Palace
Palace Amusement Company advised that the Board of directors will recommend to shareholders at their upcoming Annual General Meeting to be held on January 24, 2023, that the existing shares be split into 600 units for each currently issued and that the authorised share capital of the Company be increased from 1,500,000 shares to an Unlimited number of shares.
If the resolution if approved at the meeting will take effect from the close of business on February 28, 2023, resulting in the total issued share capital of the company being increased from 1,437,028 ordinary shares to 862,216,800 ordinary shares.
The shares were last traded on Friday at $1,179 each on the Main Market of the Jamaica Stock Exchange but jumped nearly 20 percent in Wednesday’s trading session to $1,400, leading to a suspension in trading in the stock. The move will be welcomed by many of the company’s shareholders some of whom have been clamouring for the splitting of the stock for some time and will result in greater liquidity for the stock.