Market activity ended on Friday on the Jamaica Stock Exchange Main Market, with the volume of stocks traded rising 35 percent with 74 percent more value than on Thursday with declining stocks exceeded those rising as 53 securities were exchanged similar to Thursday, with 16 rising, 24 declining and 13 ending unchanged.
The All Jamaican Composite Index shed 4,182.94 points to 429,858.63, the JSE Main Index declined by 3,266.08 points to 375,964.66 and the JSE Financial Index lost 0.45 points to settle at 89.77.
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 are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Overall, 8,789,294 shares were traded for $110,558,479 versus 6,516,689 units at $63,546,288 on Thursday. Trading averages 165,836 units at $2,086,009, versus 122,956 shares at $1,198,987 on Thursday and month to date, an average of 170,079 units at $1,594,558, compared to 170,350 units at $1,563,101 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Transjamaican Highway led trading with 3.36 million shares for 38.2 percent of total volume followed by Wigton Windfarm with 1.26 million units for 14.4 percent of the day’s trade and Supreme Ventures with 865,493 units for 9.8 percent market share.
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, Barita Investments increased $1.02 in closing at $89 with the swapping of 916 shares, Caribbean Cement lost $1.05 to $61.93 in exchanging 7,260 stock units, First Rock Capital shed 80 cents after ending at $11.85 in trading 75,000 stocks. Jamaica Broilers dipped 50 cents to close at $29 with 20,443 units clearing the market, Jamaica Producers climbed $1 to $22 while exchanging 15,381 shares, Jamaica Stock Exchange fell $1.47 in closing at $16.7 after exchanging 18,782 stock units. NCB Financial advanced 45 cents to $97.95 in an exchange of 66,499 units, Palace Amusement jumped $72 to $900, with 112 stocks changing hands, PanJam Investment dropped $1.15 to $64, with 429,326 shares crossing the exchange. Portland JSX lost $2.50 to close at $8 after 54,911 stocks changed hands, 
Proven Investments declined 98 cents in closing at $33, with 6,322 stock units crossing the market, Scotia Group shed $1 to end at $36 after exchanging 35,370 units and Supreme Ventures dropped $2.90 to close at $29.10 crossing the market 865,493 units.
In the preference segment, 138 Student Living preference share rose $3.85 to $29.49 in switching ownership of 202 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market weakens on Friday
The Junior Market of the Jamaica Stock Exchange slipped on Friday with the Investor’s Choice bid-offer indicator flashing more negative signals at the close, with trading ended with the volume of stocks traded rising 10 percent with a 24 percent greater value than on Thursday from 42 securities trading up from 38 on Thursday and finished with 12 rising, 21 declining and nine closing unchanged.
A total of 12,922,133 shares traded for $51,588,178 against 11,723,137 units at $41,595,347 on Thursday.
Trading averaged 307,670 shares at $1,228,290 versus 308,504 shares at $1,094,614 on Thursday, with the month to date, averaging 590,210 units at $3,037,223 versus 608,868 units at $3,156,681 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial continues to lead trading for a fifth consecutive day following the release of second quarter results, with 6.34 million shares trading on Friday for 49.1 percent of total volume, followed by Lumber Depot with 1.06 million units for 8.2 percent of the day’s trade and JFP Limited with 1.05 million units for 8.2 percent market share.
At the close, the Junior Market Index dropped 14.40 points to settle at 4,309.11. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. 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 two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, CAC 2000 lost 50 cents to close at $8.50, with 5,000 shares crossing the market, Cargo Handlers rose 10 cents in closing at $13.30 with an exchange of 12,191 stock units, Caribbean Cream shed 35 cents to end at $4.30, with 6,132 units changing hands. Caribbean Flavours advanced 13 cents to close at $1.94 with the swapping of 69,706 stocks, Dolla Financial dropped 21 cents to $3.05 while exchanging 6,344,937 shares, Dolphin Cove declined 48 cents to $15 after trading 140,983 stocks. Fosrich fell 25 cents to close at $37.04, with 259,039 stock units crossing the exchange, Honey Bun dropped 42 cents in ending at $8.47 after an exchange of 352 units, iCreate climbed 29 cents to end at $4.50after trading 604,462 units. Indies Pharma increased 18 cents in closing at $3.21 after exchanging 11,000 stocks, ISP Finance declined $3.25 to end at $19.75 in switching ownership of 3,046 stock units, Knutsford Express gained 44 cents in closing at $7.39 in trading 12,439 shares. Lasco Financial shed 18 cents after ending at $2.89 with 9,022 units crossing the market, Limners and Bards fell 18 cents to close at $3 in exchanging 93,711 stock units, Main Event popped 65 cents to $7.90, with 1,119 shares clearing the market. 
Medical Disposables lost 19 cents to close at $6.80 in exchanging 77,694 stocks, Spur Tree Spices rallied 11 cents to end at $4.13 in trading 415,835 stocks, SSL Venture lost 10 cents in closing at $3.30 with the swapping of 288,674 units and Stationery and Office Supplies dropped $2.20 in ending at $15 with 76,959 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE Main Market as Juniors slip
Stocks fell on the Jamaica Stock Exchange market on Friday with the Main Market indices suffering big losses while the Junior and JSEUSD Markets closed marginally lower. The JSE Combined Index a measure of the overall market, dived 3,183.27 points to 390,279.91 as a wide number of Main Market stocks dropped.
Trading ended, with 22,466,609 shares changing hands in the overall market, with a value of $162.1 million, while the JSE USD market ended with the value of stocks traded at US$24,741.
At the close, the All Jamaican Composite Index dropped 4,182.94 points to 429,858.63, the JSE Main Index declined 3,266.08 points to close at 375,964.46, the Junior Market lost 14.40 points to 4,309.11 and the JSE USD market Index dipped 1.71 points to 206.35.
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 successfully navigate many investment choices, 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 Man Market falls
Trading on the Main Market of The Jamaica Stock exchange resulted in declines in the market indices and exchange of 6,516,689 shares valued at $63,546,288 as 53 securities compared to 7,990,603 units valued at $59,730,167 from 58 securities changing hands on Thursday, with the prices of 18 rising 25 declining and ten closing unchanged.
The average trade for the day was 122,956 units at $1,198,987, in contrast to 137,769 units valued at $1,029,830 on Wednesday. The average volume and value for the month to date amounts to 170,350 units valued at $1,563,101 and previously, an average of 173,592 at $1,588,001. In contrast, June closed with an average of 281,913 units at $5,309,050.
The leading trades were Transjamaican Highway with 1,435,524 shares accounting for 22.03 percent, Pulse Investments with 915,682 stock units after controlling 14.05 percent market share and Wigton Windfarm with 799,723 units for 12.27 percent of overall volume.
The All Jamaican Composite Index dropped 1,348.21 points to 434,041.57, the JSE Main Index dipped 1,439.56 points to 379,230.74 and the JSE Financial Index fell 0.12 points to settle at 90.22.
The average PE ratio of the Main Market ended at 14 based on projected earnings for the current fiscal year.
Investor’s Choice bid-offer Indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of trading, Berger Paints shed 70 cents in ending at $$11.50 with 852 units clearing the market, Caribbean Cement declined $1.01 in closing at $$62.98 after exchanging 4,578 stocks, Eppley rose $2.50 to close at $$42 with an exchange of 12 stocks. First Rock Capital gained 45 cents to close at $$12.65 in an exchange of 468 shares, Guardian Holdings lost $11.99 in ending at $$506.01 while exchanging one unit, Margaritaville lost $3.80 in closing at $$17.20 while exchanging 11 units. MPC Caribbean Clean Energy shed $17 to $$85, with 34 stocks changing hands, NCB Financial increased 50 cents to end at $$97.50 in exchanging 24,213 units, Seprod lost $3.22 to close at $$68.08 while trading 2,076 units. 
Supreme Ventures shed $2.50 to $$32 in an exchange of 262,201 stocks, Sygnus Real Estate Finance increased $1.95 in closing at $$13 with 16,325 stock units traded, Victoria Mutual Investments shed 60 cents in closing at $$5.20 with the swapping of 109,009 stocks and 138 Student Living preference shares popped $3.34 to end at $$25.64 in an exchange of 743 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market falls
Trading on Thursday, with the volume and the value of stocks traded rising 103 percent respectively, than on Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in five securities traded, compared to eight on Wednesday with none rising, two declining and three ending unchanged.
The JSE US Denominated Equities Index lost 3.17 points to end at 208.06. 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 year ending, up to August 2023.
Overall, 207,860 shares were traded for US$11,046 versus 102,227 units at US$5,437 on Wednesday. Trading averaged 41,572 units at US$2,209 compared to 12,778 shares at US$680 on Wednesday, with month to date average of 33,857 shares at US$3,258 versus 33,438 units at US$3,315 on the previous day. June ended with an average of 71,901 units for US$8,793.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share remained at 6 US cents while exchanging 87,279 shares, Proven Investments fell 1.13 cents to close at 23 US cents with 6,603 stocks crossing the exchange, Sygnus Credit Investments USD share ended unchanged at 12 US cents after trading 12,257 stock units and Transjamaican Highway lost 0.05 of a cent to end at 0.9 US cents with 100,000 units crossing the market.
In the preference segment, JMMB Group 6% finished at US$1.10 in an exchange of 1,721 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market moves higher
On Thursday, trading closed on the Junior Market of the Jamaica Stock Exchange, with the volume and the value of stocks traded moderately higher than on Wednesday and leading to 38 securities trading versus 42 on Wednesday, with 23 rising, eight declining and seven closing unchanged.
A total of 11,723,137 shares were traded for $41,595,347 versus 10,525,616 units at $40,636,799 on Wednesday. Trading averaged 308,504 shares at $1,094,614 in contrast to 250,610 units at $967,543 on Wednesday, with the month to date, averaging 608,868 units at $3,156,681 compared to 627,955 units at $3,287,715 on Wednesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 7.68 million shares for 65.5 percent of total volume followed by JFP Limited with 1.11 million units for 9.5 percent of the day’s trade and EduFocal with 484,655 units for 4.1 percent market share.
At the close, the Junior Market Index rallied 29.12 points to 4,323.51. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. 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 five with lower offers.
At the close, AMG Packaging lost 27 cents to close at $4 while trading just 2,629 shares, Caribbean Assurance Brokers increased 10 cents to end at $2.40 with the swapping of 14,960 units, Caribbean Cream rose 37 cents in closing at $4.65 with 32 stock units changing hands. EduFocal gained 12 cents in ending at $2.27 after exchanging 484,655 stocks, Elite Diagnostic shed 25 cents to $3.50 with an exchange of 81,342 stock units, Express Catering rallied 40 cents to $5.95 in an exchange of 5,987 shares. Fontana climbed 23 cents to end at $10.13, with 36,687 stocks crossing the market, Honey Bun popped 42 cents after ending at $8.89 and trading 945 units, Iron Rock Insurance advanced 30 cents to close at $3.26 in exchanging 53 stock units. 
ISP Finance rose 50 cents in closing at $23 in switching ownership of 649 units, Limners and Bards advanced 13 cents to end at $3.18, with 74,468 stocks crossing the market, SSL Venture climbed 10 cents in closing at $3.40 after 106,025 shares crossed the exchange. Stationery and Office Supplies fell $1.23 in ending at $17.20 in trading 78,605 stock units after hitting a record high of $19.29 and Tropical Battery gained 12 cents to close at $2.87, with 242,287 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market fell, Junior Market rises
The Jamaica Stock Exchange main market and the JSE USD market closed lower on Wednesday with just modest changes to the market indices while the Junior Market closed higher. The JSE Combined Index a measure of the overall market, fell 1,084.11 points to 393,463.18.
Trading ended, with 18,447,686 shares changing hands in the overall market, with a value of $105.14 million, while the JSE USD market ended with the value of stocks traded at US$11,046.
At the close, the All Jamaican Composite Index dipped 1,348.21 points to 434,041.57, the JSE Main Index declined 1,439.56 points to close at 379,230.74, the Junior Market climbed 29.12 points to 4,323.51 and the JSE USD market Index dipped 3.17 points to 208.06.
The market’s PE ratio ended at 23.2 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 choices, 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 drops on JSE Main Market
Market activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 29 percent with a 35 percent lower value than on Tuesday as rising stocks exceeded those declining after 58 securities similar to Tuesday, with 23 rising, 17 declining and 18 ending unchanged.
A total of 7,990,603 shares were exchanged for $59,730,167 versus 11,308,755 units at $91,516,185 on Tuesday. Trading averages 137,769 units at $1,029,830, compared to 194,979 shares at $1,577,865 on Tuesday and month to date, an average of 173,592 units at $1,588,001, compared to 176,489 units at $1,633,153 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 3.75 million shares for 46.9 percent of total volume, followed by Transjamaican Highway with 828,398 units for 10.4 percent of the day’s trade and Supreme Ventures with 499,205 units for 6.2 percent market share.
The All Jamaican Composite Index shed 100.26 points to settle at 435,389.78, the JSE Main Index added 34.28 points to end at 380,670.30 and the JSE Financial Index dropped 0.21 points to settle at 90.34.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Berger Paints climbed 55 cents to $12.20, with 788 shares changing hands, Caribbean Cement gained $1.99 to close at $63.99 in exchanging 17,694 units, Eppley declined $1.50 in closing at $39.50 after trading 802 stock units. Eppley Caribbean Property Fund shed $3 in ending at $40 after an exchange of 2,341 stocks, Guardian Holdings increased $1.01 to end at $518 in trading 736 shares, Jamaica Producers lost 90 cents in closing at $21 after exchanging 9,426 stocks. Mayberry Investments popped 49 cents to close at $10.49 with the swapping of 308 units, MPC Caribbean Clean Energy advanced $4.42 to end at $102 while exchanging one stock unit, Palace Amusement fell $52 to $828 and finished trading one stock unit. PanJam Investment rose $1.19 to $65.19, with 14,004 shares clearing the market, Portland JSX rallied 50 cents to end at $10.50 with one share crossing the market, Scotia Group dropped $1 to $37 in switching ownership of 228 stock units. 
Seprod gained $3.23 at $71.30, with 12,522 shares crossing the exchange, Supreme Ventures increased $1.51 to close at a 52 week s’ high of $34.50 with an exchange of 499,205 stock units, Sygnus Real Estate Finance dropped $1.95 in closing at a 52 week s’ low of $11.05, with 9,700 units crossing the market and Wisynco Group declined 50 cents in closing at $18.75 with 238,799 stocks changing hands.
In the preference segment, Productive Business Solutions 9.75% preference share dropped $26.94 to $80.01 in trading 996 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks beat winners
Trading on the Jamaica Stock Exchange US dollar market on Wednesday ended with the volume of stocks traded rising 40 percent with 37 percent lower value than on Tuesday, resulting in eight securities trading, similar to Tuesday with two rising, four declining and two ending unchanged.
The JSE US Denominated Equities Index fell 0.99 points to close at 211.23. 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 up to August 2023.
Overall, 102,227 shares traded for US$5,437 compared to 73,220 units at US$8,686 on Tuesday.
Trading averaged 12,778 units at US$680, compared to 9,153 shares at US$1,086 on Tuesday, with a month to date average of 33,438 shares at US$3,315 versus 35,405 units at US$3,566 on the previous day. June ended with an average of 71,901 units for US$8,793.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 6 US cents with the swapping of 26,896 shares, Margaritaville dropped 2 cents to 10 US cents with an exchange of 12,514 stocks, 
Proven Investments shed 0.12 of a cent in ending at 24.13 US cents after trading 909 stock units. Sterling Investments fell 0.11 cents to 2 US cents with 4,700 units changing hands, Sygnus Credit Investments USD share increased 0.58 of one cent to end at 12 US cents with 9,412 shares clearing the market, Sygnus Real Estate Finance USD share fell 0.15 of a cent in closing at 13 US cents after finishing trading 383 stocks and Transjamaican Highway ended at 0.95 of one US cent, with 46,834 units crossing the market.
In the preference segment, JMMB Group 6% rallied 0.13 of a cent to US$1.10 while exchanging 579 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Flat close for Junior Market on Wednesday
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks declining after trading 34 percent less and the value 46 percent lower than on Tuesday.
A total of 10,525,616 shares traded for $40,636,799 versus 15,922,725 units at $75,853,823 on Tuesday. Trading averaged 250,610 shares at $967,543 compared to 361,880 units at $1,723,951 on Tuesday, with the month to date, averaging 627,955 units at $3,287,715 compared to 656,459 units at $3,462,980 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 4.06 million shares for 38.5 percent of total volume, followed by JFP Limited ended with 1.38 million units for 13.1 percent of the day’s trade and Future Energy Source with 912,425 units for 8.7 percent market share.
Market activity led to 42 securities trading versus 44 on Tuesday and ended with 16 rising, 19 declining and seven closing unchanged. At the close, the Junior Market Index slipped 0.17 points to settle at 4,294.39. MailPac traded at a52 weeks’ low of $2.20 but ended at a 52 weeks’ closing low of $2.50, while Stationery and Office Supplies closed at a 52 weeks’ high of $18.43.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. 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, Blue Power rallied 13 cents in closing at $3.63, with 315 shares crossing the market, CAC 2000 increased 10 cents to $9 and closed with 50,000 units changing hands, Dolla Financial climbed 23 cents to end at $3.22 in exchanging 4,055,870 stock units. Dolphin Cove declined 10 cents to close at $15.40 while exchanging 187,753 stocks, EduFocal shed 20 cents to $2.15 in trading 580,732 units, Elite Diagnostic advanced 16 cents to end at $3.75 after 216,860 shares crossed the market. Everything Fresh gained 10 cents to close at $1.35 after exchanging 1,630 stock units, Express Catering fell 45 cents in closing at $5.55 with an exchange of 110,175 stocks, Fontana lost 28 cents in ending at $9.90 with 17,654 stocks passing through the exchange. Fosrich rose 21 cents to $37.25, with 121,818 shares changing hands, GWest Corporation popped 10 cents in closing at $1.13 with the swapping of 14,653 stock units, Indies Pharma dropped 17 cents to end at $3.03 after trading 57,674 units. Medical Disposables rallied 29 cents to $6.99, with 5,753 units clearing the market, 
SSL Venture popped 26 cents to close at $3.30 in an exchange of 132,235 shares, Stationery and Office Supplies jumped $3.43 in ending at a record high of $18.43 in switching ownership of 75,799 stock units and tTech shed 44 cents to end at $3.30 after exchanging 69,528 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
