Trading ended Monday with an increased in the volume of stocks traded but was valued less than those passing through the market on Friday after 89 percent more shares changed hands valued 13 percent less than Friday on the Jamaica Stock Exchange Main Market and ended with trading of 54 securities compared to 52 on Friday, resulting in 19 rising, 22 declining and 13 ending unchanged.
A total of 12,752,567 shares were exchanged for $123,366,397 versus 6,765,232 units at $141,934,681 on Friday.
Trading averaged 236,159 units at $2,284,563 against 130,101 shares at $2,729,513 on Friday and month to date, an average of 206,789 units at $1,553,587 compared to 205,314 units at $1,515,534 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
JMMB Group 7.35% – 2028 led trading with 3.66 million shares for 28.7 percent of the total volume, followed by Wigton Windfarm with 1.73 million units for 13.6 percent of the day’s trade, Transjamaican Highway with 1.62 million units for 12.7 percent market share and 138 Student Living with 1.15 million units for 9 percent market share.
The All Jamaican Composite Index rose 1,072.14 points to 382,725.04, the JSE Main Index shed 767.80 points to end at 337,292.65 and the JSE Financial Index shed 0.97 points to close at 80.11.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios are computed using earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments advanced $2.46 to $89.48 in switching ownership of 29,304 shares after hitting a 52 weeks’ intraday low of $83.50, Caribbean Cement dropped $2.30 in ending at $56.50 with an exchange of 13,615 stock units, 
Eppley rallied $5.65 in closing at $38.65 after a transfer of 3,000 units. Eppley Caribbean Property Fund climbed $3.49 to $39.99 with 249 stocks changing hands, Guardian Holdings dropped $58.85 to end at $500.10, with 146 shares clearing the market, JMMB Group shed 60 cents to close at $32.40 in exchanging 15,598 units. Kingston Properties rose 43 cents to $6.99 in trading 98,000 stocks, Kingston Wharves popped 55 cents to $34 with the swapping of 190,708 stock units, Massy Holdings advanced 50 cents in ending at $81 after trading 564 stock units. NCB Financial gained 90 cents in closing at $84.90 after exchanging 202,064 stocks, Palace Amusement fell $59.01 to $660 with the swapping of 56 shares, Proven Investments rose 98 cents to $27.98 as investors exchanged 9,113 units. Scotia Group popped $1.45 to close at $34.20 after trading 2,803 shares, Seprod declined $1.01 to $68.99 with an exchange of 3,281 stock units, 
Stanley Motta dipped 48 cents to $4.47 with investors transferring 4,237 stocks and Supreme Ventures shed 79 cents to close at $24.21 in an exchange of 265,908 units.
In the preference segment, Productive Business Solutions 9.75% preference share rose $15.90 to $121.90 in exchanging 40 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading jumps
Trading jumped on the Junior Market of the Jamaica Stock Exchange Monday with an 83 percent rise in the volume of stocks traded, valued at 60 percent more than on Friday with trading in 42 securities versus 41 on Friday to end with ten rising, 22 declining and ten closing unchanged.
A total of 5,099,286 shares were traded for $13,601,067 compared with 2,791,802 units at $8,477,949 on Friday.
Trading averaged 121,412 shares at $323,835 compared with 68,093 units at $206,779 on Friday, with a month to date average of 257,803 units at $694,789 compared to 264,910 stock units at $714,119 on the previous trading day. October ended with an average of 264,407 units at $832,036.
Dolla Financial led trading with 1.31 million shares for 25.8 percent of total volume, Jetcon Corporation was next with 850,000 units for 16.7 percent of the day’s trade and ONE on ONE Educational with 786,772 units for 15.4 percent market share.
At the close, the Junior Market Index lost 18.42 points to settle at 3,851.82.
The PE Ratio, a measure used in the computing of appropriate stock values, averages 12. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial dropped $2.34 in closing at $20.66 with investors transferring 2,218 shares, Blue Power shed 48 cents to end at $2.69 after an exchange of 3,100 stock units, Cargo Handlers gained 50 cents to settle at $9.50, with 250 stocks crossing the market. Consolidated Bakeries lost 19 cents after ending at $2.10 with 10,725 units changing hands, 
Dolla Financial dipped 11 cents to $3.16, trading 1,313,389 stock units, Dolphin Cove advanced 17 cents to $13.30 in transferring 16,067 units. Elite Diagnostic fell 19 cents to end at $3.30 with an exchange of 6,600 shares, Everything Fresh rose 15 cents to $1.45 as investors swapped 19,067 stocks, Fontana shed 10 cents to close at $8.40 in an exchange of 26,477 stock units. Fosrich fell 10 cents to $4.05 as investors switched ownership of 485,062 shares, Indies Pharma lost 13 cents after ending at a 52 weeks’ low of $2.62 and trading 44,511 units, Iron Rock Insurance shed 42 cents in closing at a 52 weeks’ low of $1.76 after a transfer of 374 stocks. Knutsford Express gained 48 cents to finish at $8.88 with an exchange of 6,622 shares, Lumber Depot dipped 14 cents to $2.31 with a transfer of 87,095 stock units, MFS Capital Partners rallied 14 cents to $2.66 after 42,375 stocks cleared the market.
Stationery and Office Supplies shed 70 cents to $14.30 in an exchange of 579 units and tTech popped 43 cents to $3.28 in exchanging 50,855 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading pushes JSE USD Market down
Trading remained low on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks exchanged rising 52 percent, valued 27 percent less than on Friday and resulting in eight securities traded, compared to seven on Friday with two rising, three declining and three ending unchanged.
Overall, 178,840 shares traded for US$5,077 compared with 117,838 units at US$6,943 on Friday.
Trading averaged 22,355 shares at US$635 versus 16,834 units at US$992 on Friday, with a month to date average of 24,869 shares at US$3,190 compared with 25,005 units at US$3,329 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index slipped 0.15 points to end at 223.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. 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 prices and none with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.1 of a cent to close at 7.1 US cents, with 1,369 shares clearing the market, Productive Business Solutions ended at US$1.70 after trading 85 units, 
Proven Investments popped 0.02 of a cent to end at 19.37 US cents with an exchange of 410 stock units. Sterling Investments dipped 0.09 cents after ending at 2 US cents after exchanging 746 stocks, Sygnus Credit Investments J$ share dipped 1 cent in closing at 13.62 US cents after 75 units passed through the market and Transjamaican Highway remained at 0.86 of one US cent as investors exchanged 173,998 stocks.
In the preference segment, Productive Business 9.25% preference share declined by 50 cents in ending at US$11 after a transfer of 107 shares and JMMB Group 6% remained at US$1 in trading 2,050 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume jumps on the Jamaican Stock Exchange
Jamaican stocks enjoyed modest gains in trading on Monday as Guardian Holdings fell back to $500. The Main Market index slipped as is the case with the Junior Market and the USD Market as the volume of stocks traded on Monday exceeded those on Friday but with a slightly lower value.
At the close, the Combined Market Index fell 884.22 points to 350.000.81. The JSE Main Index slipped 767.79 points to 337,292.65 while the All Jamaica Composite Index climbed 1,072.13 points to close at 382,7251.04, the Junior Market Index dipped 18.43 points to 3,851.82 and the JSE US dollar market shed 0.15 points to end at 223.91.
Trading ended with 18,030,693 shares changing hands, for a mere $136.97 million, compared with $150.4 million, with 9,674,872 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$5,077 from US$20,385 on Friday.
The market’s PE ratio ended at 22.7 based on 2021-22 earnings and 12.7 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.
Weekend gain for Main Market
Investors ended trading on Friday with an exchange of 66 percent less volume of stocks on the Jamaica Stock Exchange Main Market, even as the value traded jumped 260 percent over Thursday, after trading took place in 52 securities against 51 on Thursday, leading to 19 rising, 24 declining and nine ending unchanged.
The market closed with an exchange of 6,765,232 shares worth a total of $141,934,681 versus 19,677,897 units at $39,419,138 on Thursday.
Trading averaged 130,101 units at $2,729,513 versus 385,841 shares at $772,924 on Thursday and month to date, an average of 205,314 units at $1,515,534 versus 209,330 units at $1,450,722 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Seprod led trading with 1.70 million shares for 25.1 percent of total volume, followed by Sagicor Select Financial Fund with 1.34 million units for 19.7 percent of the day’s trade and Transjamaican Highway, with 1.24 million units for 18.4 percent of market share.
The All Jamaican Composite Index rallied 1,783.90 points to 381,652.90, the JSE Main Index climbed 1,999.87 points to 338,060.45 and the JSE Financial Index inched 0.56 points higher to 81.08.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 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 and August 2023.
The Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, 
Caribbean Cement popped $1.30 to $58.80 after exchanging 140 shares, Eppley Caribbean Property Fund fell $3.49 to $36.50 with a transfer of 24 stock units, Guardian Holdings shed $1.05 to $558.95 in exchanging 186 units. Jamaica Stock Exchange gained 94 cents to close at $15.94 in switching ownership of 1,102 stocks, Kingston Wharves dropped $1.54 to$33.45 with 60,233 shares changing hands, NCB Financial dipped $1 to $84 as investors exchanged 75,416 stock units. Proven Investments lost 98 cents to end at $27 after trading 165 stocks, Sagicor Group declined 54 cents in closing at $48.26 with a transfer of 7,563 units, Seprod rose $1 to $70 with the swapping of 1,698,127 stocks. Stanley Motta gained 49 cents to close at $4.95, with 7,676 shares crossing the exchange and Sygnus Real Estate Finance lost 90 cents to end at $9 with the swapping of 980 units.
In the preference segment, Eppley 7.25%preference share dipped $3 to $17 after switching ownership of 5,000 stock units and JMMB Group 7% preference share shed 49 cents to close at $1.97, trading 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Modest fall for Junior Market
The volume of stocks trading on the Junior Market of the Jamaica Stock Exchange Friday dropped 45 percent with a 48 percent lower value than on Thursday, with 41 securities trading versus 40 on Thursday, with 16 rising, 14 declining and 11 closed unchanged.
Only 2,791,802 shares were traded for $8,477,949 versus 5,141,385 units at $17,482.988 on Thursday.
Trading averaged 68,093 shares at $206,779 compared with 125,400 units at $426,414 on Thursday, with a month to date average of 264,910 units at $714,119, down from 275,458 stock units at $741,310 on the previous day. October ended with an average of 264,407 units at $832,036.
MFS Capital Partners led trading with 682,869 shares accounting for 24.5 percent of total volume followed by Fosrich with 415,494 units for 14.9 percent of the day’s trade and Spur Tree Spices with 323,052 units for 11.6 percent market share.
At the close, the Junior Market Index shed 9.82 points to settle at 3,870.24.
The PE Ratio, a measure for computing appropriate stock values, averages 12.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023. Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power rose 12 cents to $3.17 with the swapping of 27 shares, Cargo Handlers dropped $2.50 to end at $9 after an exchange of 4,121 stocks, EduFocal gained 25 cents in closing at $2.52 after 21,752 stock units were traded, Everything Fresh fell 18 cents to $1.30 with 8,050 stocks changing hands, 
Fosrich gained 15 cents to finish at $4.15 with an exchange of 415,494 stock units. Future Energy Source rallied 16 cents to $5.06 with 242,005 shares changing hands, Iron Rock Insurance declined 39 cents to close at $2.18 after switching ownership of 52 units, Knutsford Express shed 23 cents in ending at $8.40 after exchanging 518 stock units. Limners and Bards popped 28 cents to close at $2.60 after trading 11,255 stocks, Medical Disposables advanced 55 cents to $5 with an exchange of 35,655 units, MFS Capital Partnersl ost 18 cents to end at $2.52 with 682,869 shares crossing the market. Paramount Trading gained 10 cents ending at $1.71 with a transfer of 3,847 stocks, 
Stationery and Office Supplies dipped $2 to $15 in exchanging 2,630 stock units and Tropical Battery popped 14 cents to $2.50 with the swapping of 282,539 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losses galore no gains for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended with the volume of stocks exchanged jumping 604 percent but with a 66 percent lower value than on Thursday, resulting in the trading of seven securities, compared to five on Thursday with no rising, six declining and one unchanged.
A total of 117,838 shares were traded for US$6,943 compared with 16,740 units at US$20,385 on Thursday.
Trading averaged 16,834 units at US$992, versus 3,348 shares at US$4,077 on Thursday, with a month to date average of 25,005 shares at US$3,329 versus 25,414 units at US$3,446 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index lost 5.38 points to end at 224.06.
The PE Ratio, a measure used in the computing of appropriate stock values, averages 8.3. 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, First Rock Real Estate USD share fell 0.58 of a cent to 7 US cents after trading 324 shares, 
Proven Investments fell 0.35 of a cent to 19.35 US cents, with 2,285 units clearing the market, Sterling Investments lost 0.01 of a cent in ending at 2.09 US cents with investors transferring 1,750 stocks. Sygnus Credit Investments USD share dropped 0.33 of a cent to 9.52 US cents with a transfer of 55,541 stock units and Transjamaican Highway dipped 0.06 of a cent to 0.86 of one US cent as investors exchanged 57,597 stock units.
In the preference segment, Productive Business 9.25% preference share shed 40 cents to end at US$11.50 as 30 units passed through the market and JMMB Group 6% ended at US$1 while exchanging 311 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading value triples on JSE on Friday
The volume of stocks trading on Friday declined sharply from that on Thursday, with the value almost tripling as the Jamaica Stock Exchange ended trading for the week with the Main Market rising and closing higher than for the previous week, while the Junior and JSE US dollar market declined to close the week, with the Junior Market ended at the same level as the previous week, but the USD market closed moderately lower.
At the close, the Combined Market Index put on 1,779.21 points to 350,885.04. The JSE Main Index popped 1,999.87 points to 338,060.45 while the All Jamaica Composite Index climbed 1,783.90 points to close at 381,652.90, the Junior Market dipped 9.82 points to 3,870.24 and the JSE US dollar market shed 5.38 points to end at 224.06.
Trading ended, with 9,674,872 shares changing hands, for a mere $150.4 million, versus $56.9 million, with 24,836,022 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$20,385 from US$18,048 Thursday.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 12.4 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.
Volumes plunged on the JSE USD market
The trading volume of stocks plunged 61 percent, with a 13 percent lower value than Wednesday on the Jamaica Stock Exchange US dollar market on Thursday, resulting in five securities changing hands, compared to seven on Wednesday with two rising, two declining and one ending unchanged.
A total of 16,740 shares were traded for US$20,385 compared to 43,378 units at US$18,048 on Wednesday.
Trading averaged 3,348 units at US$4,077 compared with 6,197 shares at US$2,578 on Wednesday, with a month to date average of 25,414 shares at US$3,446 versus 26,231 units at US$3,422 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 4.33 points to end at 229.44.
The PE Ratio is a measure used in computing appropriate stock values, averages 8.6. 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 no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, First Rock Real Estate USD share dipped 0.02 of a cent to close at 7.58 US cents with the swapping of 1,549 shares, 
Proven Investments rose 1.7 cents to 19.7 US cents as six stocks passed through the market and Sterling Investments popped 0.1 of a cent to end at 2.1 US cents with investors transferring 61 units.
In the preference segment, JMMB Group 5.75% remained at US$2 with a transfer of 5,000 stock units and JMMB Group 6% lost 7 cents in ending at US$1 after trading 10,124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big recovery for Junior Market
The Junior Market of the Jamaica Stock Exchange clawed back a fair bit of the losses incurred since last week following the announcement of Regency Petroleum IPO, with the Index rallying 82.24 points to settle at 3,880.06 on Thursday, following a 64 percent fall in the volume of stocks traded, after a 29 percent decline in the value compared to Wednesday with 41 securities trading the same as on Wednesday and ended with 19 rising, 18 declining and four closing unchanged.
A total of 5,141,385 shares were traded for $17,482,988, down from 14,142,422 units at $24,762,456 on Wednesday.
Trading averaged 125,400 shares at $426,414 compared with 344,949 units at $603,962 on Wednesday. Trading for the month to date, averages 275,458 stock units at $741,310 against 283,956 shares at $759,143 on the previous day. October closed with an average of 264,407 units at $832,036.
Dolla Financial led trading with 645,519 shares for 12.6 percent of total volume followed by Fosrich with 625,021 units for 12.2 percent of the day’s trade and Spur Tree Spices with 546,327 units for 10.6 percent market share. ISP Finance closed at a 52 weeks’ low of $14.98.
The PE Ratio, a measure of computing appropriate stock values, averages 12.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial popped $2.35 to close at $23 with 9,800 shares clearing the market, Blue Power dipped 12 cents to $3.05 in exchanging 527 stocks, Cargo Handlers climbed $1.50 to end at $11.50 with the transfer of 4,087 units. Dolla Financial advanced 12 cents to $3.28 as investors traded 645,519 stock units, Dolphin Cove rose 11 cents in closing at $13.11 after trading 86,622 shares, Everything Fresh rose 12 cents to settle at $1.48 after 7,632 units passed through the market. Fontana shed 20 cents to close at $8.50 with 223,272 stock units changing hands, General Accident gained $1 to $5 in switching ownership of 7,002 stocks, 
Honey Bun lost 10 cents to end at $6.50 with 10,506 stock units trading. Knutsford Express rallied 78 cents to close at $8.63 after trading 1,014 stocks, Lasco Manufacturing popped 10 cents to $3.90 in exchanging 109,140 units, Main Event advanced $1.26 to $9.99 with 7,876 shares crossing the exchange. Medical Disposables rallied 13 cents to $4.45 in trading 25,000 stocks, MFS Capital Partners advanced 10 cents to $2.70 as investors exchanged 444,181 units, Spur Tree Spices gained 11 cents to end at $2.98 with the swapping of 546,327 shares. Stationery and Office Supplies rose $2 to $17 in exchanging 2,000 stock units, Tropical Battery dropped 14 cents to $2.36 after a transfer of 475,316 stocks and tTech rose 41 cents to close at $2.78 with investors transferring one stock unit.
In the preference segment, CAC 2000 9.5% preference share declined 20 cents to 90 cents after trading 26,335 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
