Main Market stocks mostly fell on the Jamaica Stock Exchange in trading on Monday accompanied by a 42 percent increase in the volume of stocks traded but with 18 percent less value than on Friday, after 54 securities traded compared to 53 on Friday, with prices of just ten rising, 30 declining and 14 unchanged.
Jamaica Stock Exchange fell to a 52 weeks’ low of $15 and Proven Investments declined to a 52 weeks’ low of $28.70.
A total of 10,954,351 shares were exchanged for $87,091,829 versus 7,723,200 units at $106,579,158 on Friday.
Trading averaged 202,858 shares at $1,612,812 versus 145,721 units at $2,010,928 on Friday and month to date, an average of 190,632 shares at $1,332,830 compared to 189,290 units at $1,302,100 on the previous trading day. October closed with an average of 231,243 units at $1,464,224.
Transjamaican Highway led trading with 4.07 million shares for 37.1 percent of total volume followed by Wigton Windfarm with 3.07 million units for 28.1 percent of the day’s trade and Pulse Investments with 1.11 million units for 10.2 percent market share.
The All Jamaican Composite Index declined 1,886.79 points to 390,479.49, the JSE Main Index dropped 1,347.77 points to 342,725.40 and the JSE Financial Index dipped 0.48 points to settle at 81.94.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.1 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.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments declined $2.50 after ending at $88.50 with investors transferring 8,518 shares, Eppley Caribbean Property Fund shed $1 to close at $39 after a transfer of 20 stock units, GraceKennedy popped $2.01 to $85.01 with investors exchanging 48,708 units. Guardian Holdings advanced $19.99 in closing at $519.99 with the swapping of just one stock, Jamaica Broilers dropped $1.45 to $27.02 with an exchange of 25,129 shares, Kingston Wharves lost $2 to end at $35 after a transfer of 3,900 units. Massy Holdings declined $2.48 to $77.52 in trading 695 stock units, Mayberry Jamaican Equities fell $1.20 to close at $12 with an exchange of 94,150 stocks, Portland JSX dropped $1.20 to $9 with 1,000 units changing hands. Scotia Group lost $1.99 in closing at $33.51 trading 4,170 stock units, Seprod fell $1 to finish at $70 in exchanging 123,635 shares, Supreme Ventures shed $1.97 to settle at $26.02 with a transfer of 89,935 stocks and Sygnus Real Estate Finance declined $1.02 in closing at $9.18 after exchanging 4,845 shares.
In the preference segment, Eppley 7.75% preference share dipped $1 to close at $20 as investors exchanged 10,000 units and JMMB Group 7.25% preference share lost 47 cents to end at $2.67 in switching ownership of 900 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for all JSE markets
All markets of the Jamaica Stock Exchange declined on Monday and ended with the Junior Market suffering a big decline and helping to lead the Combined Market indices into falling 1,300 points to 356,186.89.
At the close of the market, the JSE Main Index slipped 1,347.77 points to 342,725.40, the Junior Market Index dropped 60.44 points to close at 3,974.39 points while the All Jamaica Composite Index fell 1,886.79 points to 390,479.49 and the JSE US dollar market slipped 3.43 points to end at 244.08.
Trading ended, with 20,808,065 shares changing hands, for $116.16 million, versus $173.17 million, with 32,031,909 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$23,622 from US$17,809 on Friday.
The market’s PE ratio ended at 23.3. Based on 2021-22 earnings and 12.6 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 up 27% for the year
The stock of Productive Business Solutions surged sharply when trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining and value rising moderately over Thursday, resulting in an exchange of seven securities, compared to eight on Thursday with three rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index surged 19 percent after adding 38.74 points to end at 247.51, up 26.6 percent for the year to date.
Overall, 59,640 shares traded for US$17,809 versus 65,606 units at US$16,127 on Thursday.
Trading averaged 8,520 units at US$2,544 compared to 8,201 shares at US$2,016 on Thursday, with month to date average of 31,075 shares at US$3,913 versus 33,751 units at US$4,075 on the previous trading day. October ended with an average of 40,972 units for US$2,277.
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 two with lower offers.
At the close, First Rock Real EstateUSD share lost 0.88 of a cent to close at 7.1 US cents, with 4,000 shares clearing the market, Productive Business Solutions jumped 62 cents to a 52 weeks’ high of US$2 after exchanging five units, Proven Investments popped 0.98 of one cent ending at 19.98 US cents in exchanging 205 stocks. Sygnus Credit Investments USD share shed 0.88 of a cent to end at 9.12 US cents with 2,814 stock units crossing the market and Transjamaican Highway rallied 0.01 of a cent to 0.95 of a US cent with investors transferring 41,500 units.
In the preference segment, Productive Business 9.25% preference share fell US$1 to end at US$11 with a transfer of 16 stocks and JMMB Group 5.75% ended at US$1.50 in trading 11,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
PBS pushes JSE USD markets flying
Productive Business Solutions (PBS) stock jumped 45 percent to a record US$2 on Friday from a close of US$1.38 on Thursday and resulted in an 18.5 percent surge in the market index to 247.51 points. The JSE Main Market ended with mixed results with mild slippage in the All Jamaica Composite and the Combined Market indices as the Junior Market suffered another decline as trading picked up on Thursday’s outturn.
At the close of the market, the JSE Combined Market Index fell 70.38 points to 357,993.78, the JSE Main Index popped 156.36 points to 344,073.17, the Junior Market Index dropped 23.88 points to close at 4,034.83 points while the All Jamaica Composite Index fell 282.96 points to 392,366.28 and the JSE US dollar market jumped 38.74 points to end at 247.51.
Trading ended, with 32,031,909 shares changing hands, for a mere $173.17 million, versus $113.18 million, with 19,817,542 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$17,809 from US$16,127 on Thursday.
The market’s PE ratio ended at 23.8 based on 2021-22 earnings and 12.6 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.
Just gains no losses
The Jamaica Stock Exchange US dollar market ended trading on Thursday, with the volume of stocks exchanged declining 89 percent with a 12 percent reduction in value compared with activities on Wednesday, resulting in eight securities traded, up from six on Wednesday with four rising, no declining and four ending unchanged.
Just 65,606 shares were traded for US$16,127, down from 622,317 units at US$18,378 on Wednesday.
Trading averaged 8,201 units at US$2,016 versus 103,720 shares at US$3,063 on Wednesday, with a month to date average of 33,751 shares at US$4,075 compared with 37,759 units at US$4,398 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 3.50 points to end at 208.77.
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 one stock ended with a bid higher than the last selling prices and two with lower offers.
At the close, Margaritaville ended at 14 US cents, with 13 shares crossing the exchange, Proven Investments advanced 0.34 of one cent after ending at 19 US cents in switching ownership of 28,919 stock units, Sygnus Credit Investments USD share ended at 10 US cents in trading 974 stocks. Sygnus Real Estate Finance USD share remained at 11.64 US cents as seven shares passed through the market and Transjamaican Highway increased 0.05 cents to end at 0.94 US cents in an exchange of 28,819 units.
In the preference segment, Productive Business 9.25% preference share climbed US$1 to end at US$12 after an exchange of one share. JMMB Group 5.75% ended at US$1.50 with a transfer of 6,840 stocks and JMMB Group 6% rallied 2 cents in closing at US$1.09 with 33 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.