The Junior Market of the Jamaica Stock Exchange Friday, rallied on Friday with 46 percent less volume of stocks traded after the value declined by 56 percent compared with Thursday as 41 securities were traded equalling Thursday’s level, and ending with 14 rising, 24 declining and three closing unchanged.
Investors traded 3,421,711 shares for $9,593,022 compared to 6,285,227 units at $22,042,267 on Thursday.
Trading averaged 83,456 shares at $233,976 compared to 153,298 shares at $537,616 on Thursday, with the month to date, averaging 247,709 units at $784,516 against 259,843 stock units at $825,187 on Thursday the previous trading day. September closed with an average of 470,099 units at $1,578,447.
ONE on ONE Educational led trading with 686,972 shares for 20.1 percent of total volume followed by Jamaican Teas with 564,602 units for 16.5 percent of the day’s trade and JFP Limited with 261,082 units for 7.6 percent market share.
At the close, the Junior Market Index advanced 25.99 points to settle at 4,133.53. The PE Ratio, a measure of computing appropriate stock values, averages 12.5. 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 three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial jumped $3.70 to close at $24 after trading 69 shares, AMG Packaging dipped 10 cents to end at $3.50, with 869 stocks crossing the market, Blue Power advanced 31 cents in closing at $3.44 with 100 stock units changing hands. Dolla Financial rose 10 cents to $3.40 with an exchange of 209,807 units, Dolphin Cove dipped 24 cents to $13.50 after an exchange of 2,301 stocks, Everything Fresh rallied 18 cents to $1.78, with 5,412 units clearing the market. Express Catering fell 28 cents to $5.08 as investors exchanged 32,802 stock units, Fontana shed 25 cents to end at $9.15 in trading 68,059 shares, Future Energy Source declined 10 cents in closing at $5.40 with investors transferring 178,534 stocks. Honey Bun lost 44 cents to close at $7.66 in switching ownership of 1,500 units, Indies Pharma shed 14 cents after ending at $2.80, with 102,986 stock units crossing the exchange, ISP Finance popped $2.01 to end at $17.01 with the swapping of just one share. 
Knutsford Express lost $1.29 to end at $8.06 with 4,152 units clearing the market, Medical Disposables climbed 69 cents to close at $5.79 with a transfer of 55 stocks and Stationery and Office Supplies dropped 84 cents in closing at $15.15 as 8,310 shares passed through the market.
In the preference segment, CAC 2000 9.5% preference share gained 15 cents in ending at $1.17, with 2,363 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More losses recouped by JSEUSD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the market recouping more of the big loss on Wednesday after the volume of stocks traded climbed 24 percent, valued 25 percent less than on Thursday, resulting in six securities trading, compared to nine on Thursday with four rising, one declining and one ending unchanged.
Investors exchanged 384,940 shares for US$19,700 compared to 311,092 units at US$26,259 on Thursday.
Trading averaged 64,157 units at US$3,283 versus 34,566 shares at US$2,918 on Thursday, with the month to date averaging 38,270 shares at US$2,685 versus 36,895 units at US$2,653 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
The JSE US Denominated Equities Index gained 3.15 points to end at 212.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 price and two with lower offers.
In closing, Productive Business Solutions dropped 0.1 of a cent and ended at US$1.379, with two shares clearing the market, Proven Investments popped 0.01 of a cent to end at 20 US cents in swappingf 75,725 units, Sterling Investments remained at 1.9 US cents as investors exchanged 86,771 stocks. Sygnus Credit Investments USD share climbed 0.5 of a cent in closing at 10 US cents, with 11,066 stock units crossing the market, Sygnus Real Estate Finance USD share popped 1 cent to 11 US cents after an exchange of 1,126 stock units and Transjamaican Highway increased 0.02 of a cent to end at 0.87 of one US cent after 210,250 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the JSE on Friday
The value of stocks trading on Friday fell to depressingly low levels, with less than $39 million worth of transactions for the day, but the Junior and the JSE USD markets recorded gains at the close of trading on the Jamaica Stock Exchange on Friday, but the Main Market recorded a modest decline resulting in the JSE Combined Index, a measure of the overall market slipping 389.39 points to close at 367,632.44.
The All Jamaican Composite Index fell 1,103.98 points to 404,484.30, the JSE Main Index shed 669 points to 353,428.65, the Junior Market Index rallied 25.99 points to 4,133.53 and the JSE USD market Index popped 3.15 points to close at 212.17.
Trading ended, with 10,716,616 shares changing hands, at a mere $38.78 million, down from $139.44 million, with 10,637,320 shares traded in all markets on the previous day. The JSE USD market ended with US$19,700 worth of stocks traded, down from from US$26,259 Thursday.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to navigate many investment options in the local stock market successfully. 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 JSE USD market recovery
The JSE US Denominated Equities Index jumped 16.73 points to end at 209.02 in trading on the Jamaica Stock Exchange US dollar market on Thursday, following a 20 per cent decline in the volume of stocks exchanged, valued 25 percent more than on Wednesday, resulting in nine securities traded, compared to six on Wednesday with four rising, three declining and two ended unchanged.
Overall, 311,092 shares were traded for US$26,259 compared to 391,069 units at US$21,025 on Wednesday.
Trading averaged 34,566 units at US$2,918 versus 65,178 shares at US$3,504 on Wednesday, with a month to date average of 36,895 shares at US$2,653 versus 37,097 units at US$2,630 on the previous day. September ended with an average of 87,926 units for US$4,746.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. 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 none with a lower offer.
At the close, First Rock Real Estate USD share fell 0.1 of a cent in closing at 7.9 US cents as investors exchanged 45,362 shares, MPC Caribbean Clean Energy popped 14 cents to US$1 after 1,000 units passed through the market, Productive Business Solutions increased 28 cents to end at US$1.38, with three stocks crossing the market.
Proven Investments rallied 0.99 of one cent to close at 19.99 US cents in trading 13,486 stock units, Sterling Investments remained at 1.9 US cents after trading 17,710 stocks, Sygnus Credit Investments USD share rose 0.5 of one cent to 9.5 US cents after 2,289 shares changed hands and Transjamaican Highway declined 0.04 of a cent in closing at 0.85 of one US cent in exchange of 219,942 units.
In the preference segment, Eppley 6% preference share shed 11 cents to close at US$1.02 after exchanging 500 stock units and JMMB Group 5.75% ended at US$1.50 in trading 10,800 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
The Jamaica Stock Exchange Main Market trading ended on Thursday with moderate activity after an 81 percent fall in the volume of stocks exchanged valued 155 percent more than on Wednesday, following activities in 54 securities trading down from 56 on Tuesday, with 19 rising, 17 declining and 18 ending unchanged.
Only 4,041,001 shares were traded for $117,403,602 against 21,251,911 units at $46,083,372 on Wednesday.
Trading averaged 74,833 units at $2,174,141 comaped to 379,498 shares at $822,917 on Wednesday and month to date, an average of 162,851 units at $1,574,449, versus 169,759 units at $1,527,381 on the previous trading day. Trading in September averaged 533,719 units at $5,494,282.
Caribbean Cement led trading with 1.54 million shares for 38 percent of total volume followed by Wigton Windfarm with 458,464 units for 11.3 percent of the day’s trade and Transjamaican Highway with 322,834 units for 8 percent market share.
The All Jamaican Composite Index rose 714.74 points to 405,588.28, the JSE Main Index rallied 850.71 points to 354,097.95 and the JSE Financial Index advanced 0.09 points to settle at 85.10.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.7 for the Main Market. 
The JSE Main and USD Market PE ratios incorporate ICInsider.com’s projected profit for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments declined $1.30 to $101.90, with 3,571 shares clearing the market, Caribbean Producers shed 48 cents in closing at $13.50 as investors exchanged 70,015 stocks, Eppley increased $1.20 to $39.70, with 30 stock units crossing the market. GraceKennedy fell 41 cents to $90 after trading 90,926 units, Massy Holdings gained $4.97 to end at $85 in 431 stocks crossing the exchange, NCB Financial climbed $1.19 to close at $89.99 in exchanging 31,552 stock units. Palace Amusement dipped $10 to $830 in trading 37 shares, PanJam Investment popped 49 cents to $56.99 while exchanging 21,084 units, Portland JSX rallied 91 cents to $9.97 with the swapping of just four stock units. 
Sagicor Group dropped 50 cents in closing at $50 with 31,210 stocks traded, Seprod rose $2 to $71 in exchanging 6,536 shares, Supreme Ventures advanced 40 cents to $27.50, with 72,865 units changing hands and Wisynco Group lost 70 cents to close at $18.40 after exchanging 8,716 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market drops Thursday
Junior Market trading closed on the Jamaica Stock Exchange on Thursday, with the volume of stocks traded declining marginally, but the value climbed 26 percent over Wednesday’s trades, with 41 securities trading down from 44 on Wednesday and ended with 18 rising, 14 declining and nine closing unchanged.
Investors traded 6,285,227 shares for $22,042,267 versus 6,618,235 units at $17,556,220 on Wednesday.
Trading averaged 153,298 shares at $537,616 against 150,414 stock units at $399,005 on Wednesday, with month to date averaging 259,843 units at $825,187 compared with 268,341 stock units at $848,125 on Wednesday, the previous trading day. September averaged 470,099 units at $1,578,447.
Lasco Manufacturing led trading with 2.03 million shares for 32.3 percent of total volume, followed by Dolla Financial with 1.24 million units for 19.7 percent of the day’s trade and ONE on ONE Educational with 463,108 units for 7.4 percent market share.
At the close, the Junior Market Index dropped 34.34 points to 4,107.54. The PE Ratio, a measure of computing appropriate stock values, averages 12.5. 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 six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial advanced 11 cents to close at $20.30 after an exchange of ten shares, Cargo Handlers increased 34 cents to $13.34 after a transfer of 2,004 stocks, Dolla Financial lost 14 cents to end at $3.30 in an exchange of 1,237,664 stock units. Elite Diagnostic popped 17 cents in closing at $3.59 in trading 15,172 units, Fontana climbed 24 cents to $9.40 with 36,521 stocks changing hands, Future Energy Source rallied 15 cents in closing at $5.50 as investors exchanged 132,818 units. Honey Bun gained 48 cents in ending at $8.10, with 16,661 stock units crossing the market, ISP Finance shed $5 to close at a 52 weeks’ low of $15 after exchanging 400 shares, Knutsford Express rose 35 cents to end at a 52 weeks’ high of $9.35 after trading 30,139 stock units. Lasco Distributors fell 15 cents to $2.84 with the swapping of 8,336 shares, Lasco Manufacturing rallied 45 cents to $4.75 in switching ownership of 2,030,085 units, Lumber Depot advanced 11 cents to close at $2.90 while exchanging 71,107 stocks. 
Main Event increased 10 cents to $8.50, with 45,075 shares changing hands, Stationery and Office Supplies popped 79 cents to $15.99, with 39,501 units clearing the market and tTech declined 35 cents in closing at $2.70, with 7,000 stock units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading gains for the JSE on Thursday
The Main Market and the JSE USD Market recorded gains at the close of trading on the Jamaica Stock Exchange on Thursday, while the Junior Market gave up all Wednesday’s gains and more at the close of trading, resulting in the JSE Combined Index, a measure of the overall market, rising 483.20 points to close at 368,021.83.
The All Jamaican Composite Index rule 714.74 points to 405,588.28, the JSE Main Index rallied 850.71 points to354,097.95, the Junior Market Index dropped 34.34 points to 4,107.54 and the JSE USD market Index popped 16.73 points to close at 209.02.
Trading ended, with 10,637,320 shares changing hands, at a mere $139.44 million, down from $63.6 million, with 28,261,215 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$26,259 from US$21,025 on Wednesday.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to navigate many investment options in the local stock market successfully. 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.
Winners beat losers on JSE Main Market
Trading volume jumped sharply by 186 percent on the Jamaica Stock Exchange Main Market on Wednesday, with the value of stocks traded falling 46 percent lower than on Tuesday, following trading in 56 securities compared to 60 on Tuesday, with prices of 26 rising, 19 declining and 11 ending unchanged.
Palace actual gain is $40.
A total of 21,251,911 shares were exchanged for just $46,083,372 compared with 7,422,777 units at $85,555,430 on Tuesday.
Trading averaged 379,498 units at $822,917, down from 123,713 shares at $1,425,924 on Tuesday and month to date, an average of 169,759 units at $1,527,381 compared to 151,175 units at $1,589,801 on the previous day. September closed with an average of 533,719 units at $5,494,282.
Wigton Windfarm led trading with 16.87 million shares for 79.4 percent of total volume followed by Transjamaican Highway with 1.18 million units for 5.5 percent of the day’s trade and Caribbean Producers with 880,504 units for 4.1 percent market share.
The All Jamaican Composite Index shed 1,165.48 points to close at 404,873.54, the JSE Main Index fell 906.66 points to 353,247.24 and the JSE Financial Index declined 0.55 points to settle at 85.01.
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 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 ten stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Producers rallied $1 to $13.98, with 880,504 shares crossing the market, First Rock Real Estate popped $1.27 to $15.40 in trading 50,070 stock units, GraceKennedy gained $1.71 to end at $90.41 as investors exchanged 36,305 units. Guardian Holdings declined $3.98 to $496.02 and closed after ten stocks were exchanged, Jamaica Broilers dropped 41 cents in closing at $29.14 in exchanging 10,212 units, Jamaica Stock Exchange rose 47 cents to end at $15.99 in switching ownership of 3,500 stocks. JMMB Group dipped 40 cents to $38.10 with an exchange of 13,949 shares, Kingston Wharves fell $1 in closing at $38 while exchanging 1,297 stock units, Margaritaville popped $4.15 to close at $25.50 in trading two units. 138 Student Living climbed 73 cents to $5.50, with 260 stock units crossing the exchange, Palace Amusement climbed $40 to $840 after just two shares changed hands, PanJam Investment rose $1.50 to $56.50 in an exchange of 11,455 stocks. Proven Investments shed $2.25 to $30.13 after an exchange of 4,093 units, Sagicor Group gained 50 cents in closing at $50.50 after exchanging 6,657 shares, and trading at a 52 weeks’ intraday low of $49.90. Scotia Group lost 40 cents to close at $35.60, with 100,649 stock units clearing the market, 
Seprod declined $1.95 to $69, with 2,447 stocks crossing the market, Stanley Motta increased 44 cents in ending at $5 with the swapping of 9 stock units and Wisynco Group popped 95 cents to $19.10 with a transfer of 11,410 stocks.In the preference segment, 138 Student Living preference share shed $4 to close at $60 after exchanging 58 shares and Productive Business Solutions 9.75% preference share lost $19.59 in closing at $107 after a transfer of 307 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp fall for JSE USD Market
The Jamaica Stock Exchange US dollar market dropped sharply on Wednesday, with the market Index dropping a hefty 19.24 points or nine percent to 192.29 after a 33 percent rise in the volume of stocks exchanged with the value 49 percent lower than on Tuesday, resulting in six securities trading, compared to nine on Tuesday with one rising, four declining and one ending unchanged.
Overall, 391,069 shares were traded for US$21,025 compared to 294,958 units at US$41,204 on Tuesday.
Trading averaged 65,178 units at US$3,504 compared with 32,773 shares at US$4,578 on Tuesday, with month to date average of 37,097 shares at US$2,633 versus 35,377 units at US$2,579 on the previous trading day. September ended with an average of 87,926 units for US$4,746.
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 advanced 0.04 of a cent to close at 8 US cents after exchanging 140,006 shares, 
Productive Business Solutions declined 29 cents to US$1.10 as 2,837 units passed through the market, Proven Investments remained at 19 US cents with an exchange of 11,270 stock units. Sterling Investments dipped 0.1 of a cent to 1.9 US cents in trading 28,267 stocks, Sygnus Credit Investments USD share lost 0.51 of a cent to end at 9 US cents with investors transferring 26,898 stocks and Transjamaican Highway shed 0.01 of a cent to end at 0.89 US cents in an exchange of 181,791 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market lifted by steady trading
There was little change between the volume and value of stocks traded on the Junior Market of the Jamaica Stock Exchange Wednesday, compared to w trading on Tuesday and ended with 44 securities changing hands versus 43 on Tuesday and leading to prices of 24 rising, 15 declining and five closing unchanged.
A total of 6,618,235 shares were exchanged for $17,556,220 up from 6,590,370 units at $16,862,106 on Tuesday.
Trading averaged 150,414 shares at $399,005 down from 153,264 shares at $392,142 on Tuesday with month to date, averaging 268,341 units at $848,125 versus 279,381 stock units at $890,170 on Tuesday the previous day. September closed with an average of 470,099 units at $1,578,447.
ONE on ONE Educational led trading with 1.57 million shares for 23.7 percent of total volume followed by Dolla Financial with 1.04 million units for 15.7 percent of the day’s trade and JFP Limited with 708,690 units for 10.7 percent market share.
At the close, the Junior Market Index rose 24.95 points to settle at 4,141.88.
The PE Ratio, a measure of computing appropriate stock values, averages 12.6. 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 six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped $3.81 in closing at $20.19, with 23 shares changing hands, AMG Packaging climbed 10 cents to $3.60 after trading 454,722 stock units, Caribbean Assurance Brokers rose 15 cents to $2.60 in exchanging 441,293 stock units. Consolidated Bakeries declined 19 cents to $2.51 after an exchange of 38,248 units, Dolla Financial rallied 14 cents to $3.44 in trading 1,040,889 shares, Elite Diagnostic fell 15 cents to close at $3.42 with a transfer of 101,812 stock units. Fontana lost 24 cents to end at $9.16, with 42,852 units clearing the market, Future Energy Source popped 22 cents to $5.35 with the swapping of 301,333 stocks, iCreate rallied 13 cents to $2.24, with 291,871 stock units crossing the market. Knutsford Express rose 10 cents in closing at a 52 weeks’ high of $9 after trading 5,620 shares, Lasco Distributors gained 18 cents to end at $2.99, with 19,778 stocks changing hands, Limners and Bards rallied 10 cents to $2.60 after exchanging 400 units. Main Event rose 60 cents in ending at $8.40 after an exchange of 15,612 stocks, 
MFS Capital Partners dipped 29 cents in closing at $2.67, with 104,000 shares crossing the market, Spur Tree Spices advanced 10 cents to close at $3.65 after a transfer of 57,347 stock units. Stationery and Office Supplies increased 15 cents to $15.20 with investors transferring 6,878 units and tTech shed 24 cents in closing at $3.05 after finishing the trading of 146 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
