Trading took a breather from mildly greater robustness on Wednesday, with action in OneonOne moderating with trading in 11.35 million shares, down from 35.5 million on Wednesday, with price coming from the record high of $2.50 on Tuesday to $1.90 as the Junior Market dropped 75.97 points to 4,229.98 after just eight Junior Market stocks rose and 24 declined.
The JSE Combined Index a measure of the overall market, rallied 354.57 points to 375,064.09.
The All Jamaican Composite Index advanced 2,591.81 points to 410,394.66, the JSE Main Index declined 1,117.23 points to 360,448.00 and the JSE USD market Index slipped 0.35 points to 207.18.
Trading ended, with 41,790,814 shares changing hands with a value of $181 million, down from $287 million, with 62,385,335 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$8,146 from US$17,613 on Wednesday.
The market’s PE ratio ended at 22.7 based on 2021-22 earnings and 12.5 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.
Action slows in OneonOne
Trading levels fall on Wednesday
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged declining 46 percent with an 82 percent lower value than on Tuesday, resulting from the trading of nine securities, compared to seven on Tuesday with three rising, two declining and four ending unchanged.
Overall, 299,966 shares were traded for US$17,613, down from 558,777 units at US$100,540 on Tuesday.
Trading ended with an average of 33,330 shares at US$1,957 versus 79,825 shares at US$14,363 on Tuesday, with a month to date average of 38,636 shares at US$4,351 compared to 40,001 units at US$4,967 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 1.35 points to end at 207.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. 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 none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents with a transfer of 202,473 shares, Productive Business Solutions popped 0.15 of a cent to close at US$1.3225 in trading 100 stocks, Proven Investments remained at 20 US cents after exchanging 11,166 stock units. Sygnus Credit Investments USD share declined 1.78 cents in ending at 11.12 US cents and trading 10,200 units, Sygnus Real Estate Finance USD share popped 0.01 of a cent to 12.44 US cents in an exchange of 810 shares and Transjamaican Highway dipped 0.01 of a cent to end at 0.89 of one US cent after 71,986 units crossed the exchange.
In the preference segment, Eppley 6% preference share remained at US$1.13 with the swapping of 290 stocks, JMMB Group 5.75% ended unchanged at US$1.50 with investors transferring 926 stock units and JMMB Group 5.75% climbed 5 cents in closing at US$1.75 with 2,015 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market jumped on Tuesday, with an 87 percent rise in the volume of stocks exchanged, with 215 percent greater value than on Monday, resulting from trading of seven securities, compared to 10 on Monday with two rising, two declining and three ending unchanged.
Overall, 558,777 shares traded, for US$100,540 up from 299,180 units at US$31,910 on Monday. Trading averaged 79,825 units at US$14,363, up from 29,918 shares at US$3,191 on Monday, with a month to date average of 40,001 shares at US$4,967 versus 30,045 units at US$2,618 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index rose 2.38 points to end at 208.88.
The PE Ratio a measure used in computing 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 two stocks ending with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents while exchanging 63,080 shares, Productive Business Solutions remained at US$1.321, with one stock clearing the market, Proven Investments remained at 20 US cents in exchanging 472,394 units and Transjamaican Highway increased 0.07 of a cent in closing at 0.9 of one US cent with a transfer of 21,100 stock units.
In the preference segment, JMMB Group 5.75% lost 50 cents to end at US$1.50 after exchanging 2,000 stocks, JMMB Group 5.75% dipped 5 cents to close at US$1.70, with 200 units crossing the market and JMMB Group 6% popped 5 cents in closing at US$1.10 in trading just two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
OneonOne tops at $2.50 on Tuesday
OneonOne traded 33 million shares on Tuesday up to a record high of $2.50 and closed just below $2.40, to record a gain of 140 percent since listing last week as the Junior Market rallied a mere 4.95 to close at 4,303.70. The JSE Combined Index a measure of the overall market, declined by 848.85 points to 373,587.47.
The All Jamaican Composite Index advanced 262.34 points to 406,712.92, the JSE Main Index declined 956.79 points to 358,151.39 and the JSE USD Market Index rose 2.48 points to 208.88.
Trading ended, with 50,676,469 shares changing hands with a value of $167.9 million, up from just $147.88 million, with 32,345,299 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$100,540 from US$31,910 on Monday.
The market’s PE ratio ended at 23.1 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.
7 love in favour of losers
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining by 25 percent but the value jumped 91 percent above Friday’s levels, resulting in trading in 10 securities, compared to seven on Friday with none rising, seven declining and three ending unchanged.
Investors traded 299,180 shares for US$31,910 versus 398,402 units at US$16,693 on Friday. Trading averaged 29,918 shares at US$3,191 against 56,915 stocks at US$2,385 on Friday, with the month to date averaging 30,045 shares at US$2,618 compared to 30,115 units at US$2,299 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index dropped 7.36 points to end at 206.50.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. 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 one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents while exchanging 79,098 shares, MPC Caribbean Clean Energy ended at US$1.10 as investors exchanged one share, Productive Business Solutions remained at US$1.321, with one stock unit crossing the market. Proven Investments dropped 2 cents to end at 20 US cents, with 3,064 units changing hands, Sterling Investments dipped 0.01 of a cent to close at 2.08 US cents with an exchange of 30 stock units, Sygnus Credit Investments USD share declined 0.08 of a cent to 12.9 US cents in an exchange of 826 shares. Sygnus Real Estate Finance USD share shed 0.01 of a cent in closing at 12.43 US cents after a transfer of 782 stocks and Transjamaican Highway fell 0.07 of a cent to 0.83 of one US cent, with 200,000 units clearing the market.
In the preference segment, JMMB Group 5.75% lost 5 cents to close at US$1.75 with the swapping of 14,428 stock units and JMMB Group 6% shed 5 cents in ending at US$1.05 with a transfer of 950 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.