The Jamaica Stock Exchange US dollar market closed on Friday, with the market Index gaining 7.79 points to end at 212.91 after the volume of stocks traded rose 597 percent and the value climbed 139 percent more than on Thursday, resulting in nine securities traded, compared to eight on Thursday, with prices of four rising, two declining and three ending unchanged.
Overall, 1,269,887 shares were traded for US$37,144 compared to 182,299 units at US$15,525 on Thursday.
Trading averaged 141,099 units at US$4,127, up from 22,787 shares at US$1,941 Thursday, with a month to date average of 59,673 units at US$5,153 versus 51,620 at US$5,255 on the previous day. August ended with an average of 53,206 units for US$7,288.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. 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 none with a lower offer.
At the close, First Rock Real Estate USD share increased 0.9 of a cent to close at 4.9 US cents, with 5,995 shares changing hands, Productive Business Solutions remained at US$1.3225, with 5,000 stock units crossing the market, Proven Investments ended at 22 US cents, with 49,000 units changing. Sterling Investments ended at 2.09 US cents, with 536 stocks crossing the exchange, Sygnus Credit Investments J$ share climbed 1.79 cents to end at 14.99 US cents after exchanging 150 stocks, Sygnus Credit Investments USD share declined 0.2 of a cent to 11 US cents while exchanging 76,230 units and Transjamaican Highway advanced 0.04 of a cent to 0.9 of none US cent after a transfer of 1,132,310 stock units.
In the preference segment, JMMB Group 5.75% rose 5 cents to close at US$1.80 with investors transferring 446 shares and JMMB Group 6% shed 2 cents to end at US$1.05 in switching ownership of 220 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE USD market jumps Friday
Mixed trading to close out week for JSE
The Jamaica Stock Exchange closed the week mixed on Friday, with the value of stock trading rising over Thursday after the main market indices fell, while the USD and junior markets rose, resulting in the JSE Combined Index a measure of the overall market, dropping 1,196.23 points to 373,027.27.
The All Jamaican Composite Index slid 582.84 points to close at 408,044.98, the JSE Main Index shed 1,441.22 points to 358,501.27, the Junior Market Index gained 16.54 points to settle at 4,205.91 and the JSE USD market Index climbed 7.79 points to 212.91.
Trading ended, with 20,564,762 shares changing hands with a value of $206.6 million, from $152.5 million, with 29,037,118 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$37,144 from US$15,525 on Thursday.
The market’s PE ratio ended at 23.9 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.
Gain for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged declining 72 percent and valued 17 percent less than on Wednesday, resulting in eight securities trading, compared to 10 on Wednesday with prices of three rising, one declining and four ending unchanged.
Overall, 182,299 shares were traded for US$15,525, down from 653,653 units at US$18,774 on Wednesday.
Trading averaged 22,787 units at US$1,941 compared with 65,365 shares at US$1,877 on Wednesday, with a month to date average of 51,620 shares at US$5,255 versus 54,399 units at US$5,574 on the previous day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index added 1.18 points to end at 205.12.
The PE Ratio, a measure used in computing appropriate stock values, averages 8. 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 higher bid 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 with the swapping of 149,648 shares, MPC Caribbean Clean Energy ended at US$1 in switching ownership of 13 units, Productive Business Solutions ended at US$1.3225 in an exchange of two stock units. Proven Investments climbed 1.5 cents to close at 22 US cents after exchanging 15,521 stocks, Sterling Investments remained at 2.09 US cents after just three shares crossed the market, Sygnus Credit Investments J$ share increased 1.2 cents to end at 13.2 US cents with an exchange of 800 stocks and Sygnus Credit Investments USD share declined 1.79 cents to close at 11.2 US cents in exchanging 11,808 stock units.
In the preference segment, JMMB Group 6% rose 2 cents to end at US$1.07 as investors exchanged 4,504 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidating JSE markets
The Jamaica Stock Exchange continues to consolidate with the market indices trading in a narrow range for a second day, the JSE Combined Index a measure of the overall market, popping just 261.49 points to 374,233.50.
The All Jamaican Composite Index added a mere 157.40 points to close at 408,627.82, the JSE Main Index gained 404.38 points to 359,942.49, the Junior Market Index fell 12.81 points to 4,189.37 and the JSE USD market Index slipped 1.18 points to 205.12.
Trading ended, with 29,037,118 shares changing hands with a value of $152.5 million, from $263.17 million, with 30,052,674 shares traded in the overall market on the prior trading day. The JSE USD market ended with the value of stocks traded at US$15,525 from US$18,774 on Wednesday.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.3 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.
Trading upon the JSE USD market
The Jamaica Stock Exchange US dollar market ended trading on Wednesday, with the volume of stocks exchanged rising 114 percent, with 12 percent more value than on Tuesday, resulting in 10 securities traded, compared to eight on Tuesday with three rising, three declining and four ending unchanged.
Overall, 653,653 shares were traded for US$18,774 compared to 304,877 units at US$16,803 on Tuesday.
Trading averaged 65,365 units at US$1,877 versus 38,110 shares at US$2,100 on Tuesday, with month to date average of 54,399 shares at US$5,574 versus 52,896 units at US$6,081 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 1.75 points to end at 203.94.
The PE Ratio, a measure used in computing stock values, averages 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 one 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 an exchange of 10,542 shares, MPC Caribbean Clean Energy lost 10 cents to end at US$1, closing with 8 stock units changing hands, Productive Business Solutions ended at US$1.3225, with 1,302 units clearing the market. Proven Investments gained 0.15 of a cent after ending at 20.5 US cents, with 15,761 stock units crossing the market, Sterling Investments increased 0.09 of a cent in closing at 2.09 US cents after a transfer of 95 shares, Sygnus Credit Investments USD share shed 0.01 of a cent to close at 12.99 US cents as investors exchanged 20,125 stock units. Sygnus Real Estate Finance USD share dipped 1.73 cents in closing at 10.66 US cents after an exchange of 75 units and Transjamaican Highway advanced 0.02of a cent to end at 0.86 of one US cent trading 600,119 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 in exchanging 26 shares and JMMB Group 6% ended at US$1.05 in trading 5,600 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.