Market activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining 16 percent less and 12 percent lower than on Friday, with 57 securities trading compared to 56 on Friday, with 15 rising, 26 declining and 16 ending unchanged.
At the close of trading four stocks ended at a 52 weeks’ low and one at a 52 weeks’ low high.
A total of 11,109,790 shares were exchanged for $68,584,991 down from 13,235,143 units at $77,577,657 on Friday. Trading averages 194,909 units at $1,203,245 versus 236,342 shares at $1,385,315 on Friday and month to date, an average of 329,291 at $3,288,694 compared to 397,076 units at $4,340,646 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 5.52 million shares for 49.7 percent of total volume followed by Transjamaican Highway with 1.83 million units for 16.5 percent of the day’s trade and Pulse Investments with 543,973 units for 4.9 percent market share.
The All Jamaican Composite Index dipped 2,145.65 points to 406,450.58, the JSE Main Index declined 930.64 points to 359,108.18 and the JSE Financial Index remained unchanged at 85.59.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com’s for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Producers declined 95 cents to end at $13.50 in trading 118,472 shares, First Rock Real Estate dipped 66 cents ending at $11.71 after exchanging 2,893 units, GraceKennedy shed $1.50 in closing at $94.50 after trading 87,636 stocks. Guardian Holdings increased $9 to $515 in an exchange of 41 stock units, Jamaica Broilers fell 87 cents to close at $28.06 with investors transferring 13,416 stocks, Jamaica Producers popped $1.47 to end at $20.49, with 6,269 units changing hands. Kingston Properties dropped 57 cents to close at $7.02 with investors transferring 73,136 stock units, Massy Holdings lost 50 cents to $88.50 with an exchange of 1,317 shares, Mayberry Investments gained 56 cents to end at $8.51, with 55,814 stock units crossing the exchange. Mayberry Jamaican Equities advanced 55 cents to $13.60 with 8,336 units changing hands, NCB Financial climbed 98 cents to $89.98 in exchanging 30,511 stocks, Palace Amusement rallied $51.13 to end at $850 in switching ownership of 58 shares. Salada Foods shed 70 cents to end at a 52 weeks’ low of $4, with 135,521 shares crossing the market, Seprod dropped $1.50 to close at $69.50 while exchanging 3,228 stocks, Sygnus Real Estate Finance declined $1.97 in closing at a 52 weeks’ low of $9.03, with 92,487 crossing the market stock units and Wisynco Group dipped 65 cents to end at $16.90 with the swapping of 175,173 units.
In the preference segment, Eppley 7.50% preference share rose $1.53 in closing at $7.48, with 5 shares clearing the market and 138 Student Living preference shares gained $2.30 to close at a 52 weeks’ high of $61.81 with an exchange of 5 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
OneonOne jumps 132% in 3 trading days
Newly listed OneonOne jumps 57 cents on Monday to gain 132 percent since listing last and was one of the major contributors to the Junior Market strong rally of 82.22 n on top of the 72.17 points picked on Friday to close at 4,298.75.
Other than the Junior Market the Jamaican Stock Exchange slipped at the close of trading on Monday with the JSE Combined Index a measure of the overall market, declining by 123.56 points to 374,436.32. The All Jamaican Composite Index dipped 2,145.65 points to 406,450.58, the JSE Main Index declined 930.64 points to 359,108.18 and the JSE USD market Index dipped 0.51 points to 206.50
Trading ended, with 32,345,299 shares changing hands with a value of $147.88 million, up from just $140 million, with 29,436,283 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$31,910 from US$16,693 on Friday.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the 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.
Increased trading for the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 177 percent, with 32 percent less value than on Thursday, resulting in seven securities trading, compared to 11 on Thursday with one rising, one declining and five ending unchanged.
A total of 398,402 shares were traded for US$16,693 versus 143,667 units at US$24,695 on Thursday. Trading averaged 56,915 units at US$2,385 compared to 13,061 shares at US$2,245 on Thursday, with a month to date average of 30,115 shares at US$2,299. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index inched 0.04 points higher to end at 213.86.
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 one price of one 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 ended at 4 US cents with investors transferring 394,539 shares, MPC Caribbean Clean Energy ended at US$1.10, with just one share changing hands, Productive Business Solutions ended at US$1.321 after exchanging one stock unit. Proven Investments remained at 22 US cents, with 3,617 stock units crossing the market and Sygnus Credit Investments USD share shed 0.02 of a cent to 12.98 US cents with the swapping of 200 units.
In the preference segment, JMMB Group 5.75% climbed 26.5 cents to close at a 52 weeks’ high of US$2 after a transfer of 41 stocks and JMMB Group 6% ended unchanged at US$1.10 as investors exchanged 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume falls on JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged declining 64 percent, but valued 286 percent more than on Wednesday, resulting in 11 securities changing hands, compared to seven on Wednesday with three rising, four declining and four closed unchanged.
A total of 143,667 shares were traded, for US$24,695 compared to 403,042 units at US$6,401 on Wednesday. Trading averaged 13,061 units at US$2,245, versus 57,577 shares at US$914 on Wednesday. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index climbed 8.22 points to end at 213.78.
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 ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents with a transfer of 115,000 shares, MPC Caribbean Clean Energy remained at US$1.10, with one stock changing hands, Productive Business Solutions dipped 0.15 of a cent to end at US$1.321, with 3 stock units clearing the market. Proven Investments advanced 2 cents to 22 US cents after a transfer of 307 stocks, Sterling Investments ended at 2.09 US cents in exchanging 411 stock units, Sygnus Credit Investments J$ share ended at 13.23 US cents after an exchange of 10 shares. Sygnus Credit Investments USD share popped 0.9 of a cent in ending at 13 US cents while exchanging 374 stocks, Sygnus Real Estate Finance USD share shed 0.01 of one cent to close at 12.44 US cents with investors transferring 69 units and Transjamaican Highway rallied 0.1 of a cent to end at 0.9 of a US cent with 16,486 stocks in crossing the exchange.
In the preference segment, JMMB Group 5.75% lost 10 cents in closing at US$1.80, with 11,000 units changing hands and JMMB Group 6% remained at US$1.10 with an exchange of 6 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
ONEonONE up 32% on debut
The Jamaica Stock exchange welcomed its 100 company listing on Thursday, with OneOnOne Educational listed on the Junior Market with the price rising 32 percent on its opening day to close at $1.32 the maximum permitted for the day but the stock closed with strong demand at the closing price and little selling under $2.
At the close of trading, the JSE Combined Index, a measure of the overall market, rose 1,153.03 points to 374,578.03. The All Jamaican Composite Index popped 561.84 points to 408,944.09, the JSE Main Index rallied 1,464.43 points to 360,759.12, the Junior Market Index slipped 23.69 points to 4,144.36 and the JSE USD Market Index rose 8.22 points to 213.78.
Trading ended with 50,351,650 shares changing hands with a value of $504.95 million, versus $1.1 billion, with 96,932,851 shares traded in the overall market on Wednesday. The JSE USD market ended with the value of stocks traded at US$24,695 and US$6,401 on the previous trading day.
The market’s PE ratio ended at 23.2 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.