Trading closed on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded declining marginally, with a 12 percent lower value than on Wednesday, resulting in a mild slip in the market index.
Overall, 43 securities traded, as was the case on Wednesday and ended with 16 rising, 20 declining and seven closing unchanged.
At the close, the Junior Market Index shed 8.60 points to settle at 4,356.84. The PE Ratio, a measure of computing appropriate stock values, averages 13.1.
A total of 7,985,924 shares traded for $29,674,302 compared to 8,244,571 units at $33,814,146 on Wednesday. Trading averaged 185,719 shares at $690,100 in contrast to 191,734 shares at $786,375 on Wednesday with month to date, averaging 1,346,963 units at $7,564,455 compared to 1,640,690 units at $9,303,263 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 2.05 million shares for 25.7 percent of total volume, followed by Derrimon Trading with 660,476 units for 8.3 percent of the day’s trade and Paramount Trading with 559,698 units for 7 percent market share. 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 stocks with lower offers.
At the close, Blue Power dropped 15 cents to $3.50 in exchanging 2,051 shares, CAC 2000 declined 10 cents to $9.80 in an exchange of 8,077 stock units, Caribbean Flavours fell 22 cents to $1.80 in trading 16,566 stocks. Derrimon Trading shed 10 cents to end at $2.65, with 660,476 units crossing the market, Dolphin Cove popped 20 cents to close at $16.40, with 21,270 stock units changing hands, Elite Diagnostic rallied 15 cents to $3.70 with an exchange of 1 share. Express Catering lost 39 cents to close at $5.30, with 239,875 units clearing the market, Fontana advanced 10 cents to $10.40 in exchanging 17,370 stocks, Fosrich shed $2.75 to end at $35.25, with 129,935 stock units crossing the market. Honey Bun rose 24 cents in closing at $8.75 with the swapping of 6,840 shares, Indies Pharma fell 20 cents in closing at $3.05 after trading 22,673 units, JFP Limited climbed 10 cents to end at $1.61 after trading 457,597 stocks. Knutsford Express gained $1.05 to close at $7.71 in exchanging 7,831 stock units, Lasco Distributors lost 10 cents to end at $3.20 after switching ownership of 15,841 stocks, Lasco Manufacturing increased 17 cents in ending at $4.70 while exchanging 155,380 shares. 
Mailpac Group dropped 11 cents in closing at $2.72 after 340,619 units crossed the exchange, Main Event advanced 33 cents ending at $7.50 after trading 40,049 shares, Medical Disposables declined 10 cents to $7, with 2,200 stock units clearing the market and tTech climbed 30 cents to close at $3.30 trading 377,745 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaican Stock Exchange mostly rise
Trading remained moderate on the Jamaica Stock Exchange on Thursday with 18,818,877 shares traded in the overall market, ending with $194.5 million worth of shares trading, while the JSE USD market ended with US$49,241 passing through the market.
The main market closed slightly higher than on Wednesday while the Junior Market slipped modestly. At the close, the JSE Combined Index rose 232.92 points to 396,261.44, while the All Jamaican Composite Index popped 1,484.02 points to 436,648.80, the JSE Main Index popped 331.94 points to 381,902.96, the Junior Market Index slipped 4.54 points to 4,356.89 and the JSE USD market Index gained 1.01 points to close at 214.80 The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 13 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.
Junior Market gains but value plunges
Trading dropped sharply on the Jamaica Stock Exchange Junior Market Wednesday, with the volume of stocks traded dropping 97 percent and the value falling 98 percent from trading on Tuesday as 43 securities trading versus 42, ending with just ten rising, 22 declining and 11 closed unchanged.
The Junior Market Index rose 48.92 points to 4,365.44. A total of 8,244,571 shares were exchanged for $33,814,146 versus 247,822,804 units at $1,466,458,584 on Tuesday.
Trading averaged 191,734 shares at $786,375 versus 5,900,543 units at $34,915,681 on Tuesday, averaging 1,640,690 stock unitsmonth to date at $9,303,263, down from 2,131,281 shares at $12,186,933 on the prior trading day. June closed with an average of 429,016 units at 1,630,104.
Dolla Financial led trading with 2.31 million shares for 28 percent of total volume, followed by Limners and Bards with 1.04 million units for 12.6 percent of the day’s trade and Future Energy Source with 765,240 units for 9.3 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. 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 seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging popped 22 cents to close at $4.30 with an exchange of 27,105 shares, CAC 2000 climbed 90 cents in closing at $9.90 after trading 25 units, Caribbean Cream rose 11 cents to $4.61 after exchanging 82,766 stocks. Dolphin Cove declined by 74 cents to end at $16.20, with 25,997 stock units changing hands, Everything Fresh shed 21 cents to end at $1.22 in trading 79,402 stock units, Fontana lost 20 cents to $10.30, with 98,471 stocks crossing the market. Fosrich advanced $2.01 to end at a 52 weeks’ high of $38 in an exchange of 173,538 units, Future Energy Source dropped 25 cents to $6.05 after trading 765,240 shares, Honey Bun fell 48 cents to $8.51 in switching ownership of 4,872 stocks. iCreate lost 20 cents after ending at $4, with 209,580 units crossing the market, Jetcon Corporation increased 13 cents to $1.34, with 215,974 shares changing hands, Knutsford Express dropped $1.28 in ending at $6.66 with the swapping of 20,000 stock units. Lasco Financial shed 14 cents to end at $3.05 with 342,337 stocks crossing the exchange, Lasco Manufacturing fell 12 cents to $4.53 while exchanging 36,733 stock units, 
Main Event declined 26 cents in closing at $7.17 after 43,651 shares changed owners. SSL Venture lost 12 cents in ending at $3.58 after trading 2,113 units and Stationery and Office Supplies shed 35 cents to end at $13, with 25,603 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE Main Market
Market activity was steady on Wednesday, versus Tuesday with the volume and value of stocks trading differed, marginally from Tuesday’s levels on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining but that failed to prevent the market indices from slipping.
Overall, 9,365,107 shares were traded for $89,019,484 versus 9,657,015 units at $85,919,427 on Tuesday. Trading averages 167,234 units at $1,589,634, compared to 178,834 shares at $1,591,100 on Tuesday and month to date, an average of 186,265 units at $1,754,509, compared to 192,803 units at $1,811,153 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Community & Workers Credit Union led trading with 2.44 million shares for 26.1 percent of total volume followed by Transjamaican Highway with 1.53 million units for 16.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.35 million units for 14.5 percent market share.
The All Jamaican Composite Index dropped 2,438.78 points to 435,164.77, the JSE Main Index fell 488.85 points to 381,571.02 and the JSE Financial Index declined 0.48 points to 90.25.
Trading ended with 56 securities compared to 54 on Tuesday, with 24 rising, 18 declining and 14 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.3 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 bids higher than their last selling prices and five stocks with lower offers.
At the close, Eppley Caribbean Property Fund rose $1 to $40.50, with 13 shares crossing the market, First Rock Capital gained 94 cents to end at $12.70 with an exchange of 3,903 stock units, Guardian Holdings rallied $20.79 to $521.79 after trading 733 stocks. JMMB Group lost 64 cents in closing at $43 in switching ownership of 55,562 units, Kingston Properties increased 50 cents to close at $8.20, with 23,543 units crossing the market, Kingston Wharves fell $1.30 to $37.70, with 1,558 stocks changing hands. Margaritaville climbed 65 cents to end at $17.15 and closed after 2,121 stock units passed through the exchange, Massy Holdings advanced $3 in closing at $95 with 18,357 shares clearing the market, Mayberry Investments popped 82 cents in ending at $9.99 after exchanging 190 stocks. Mayberry Jamaican Equities shed 91 cents to close at $12.99 in trading 312,293 shares, MPC Caribbean Clean Energy dropped $16.62 in ending $89.88 while exchanging 682 stock units, Proven Investments fell $3.50 to end at $33 in trading 195,898 units. Sagicor Group lost 49 cents in closing at $55 in an exchange of 96,640 stock units, Scotia Group dropped 94 cents to close at $36, with 6,402 units crossing the exchange, Stanley Motta shed 60 cents to $5 after the trading of 11,200 stocks. 
Sterling Investments fell 40 cents to a 52 weeks’ low of $2.50 in exchanging 77,690 shares, Supreme Ventures advanced $1.54 to end at $30.69 with the swapping of 68,794 units and Sygnus Credit Investments rallied 75 cents to close at $14.75 after 10,990 shares crossed the market.
In the preference segment, Eppley 7.50% preference share popped 90 cents in closing at $6.90 in exchanging 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on JSE USD Market
Trading jumped sharply on Wednesday, with the volume of stocks traded surging 1,453 percent and the value climbing 460 percent higher than on Tuesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an exchange of six securities, similar to Tuesday, as two gained, four declined and none unchanged.
Overall, 435,401 shares traded for US$15,558 up from 28,042 units at US$2,776 on Tuesday. Trading averaged 72,567 units at US$2,593, versus 4,674 shares at US$463 on Tuesday, with a month to date average of 27,450 shares at US$1,774 versus 13,203 units at US$1,515 on the previous day. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index lost 1.09 points to end at 213.79 points.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows two ended with bids higher than the last selling prices and none with lower offers.
At the close, Proven Investments increased 0.79 of a cent to 24.49 US cents after exchanging 6,293 shares, 
Sterling Investments lost 0.2 of a cent to end at 1.9 US cents with the swapping of 14,608 units, Sygnus Credit Investments USD share popped 0.47 of one cent to close at 12.5 US cents, with 9,636 stocks changing hands and Transjamaican Highway dropped 0.05 of a cent in ending at 0.95 of one US cent in switching ownership of 400,582 stock units.
In the preference segment, Equityline Mortgage Investments preference share declined 3 cents to US$1.67, with 176 units crossing the exchange and JMMB Group 5.75% shed 24.3 cents to end at US$2.057 in trading 4,106 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Back to normal for Jamaican Stock Exchange
Trading fell back in line with more recent activities on the Jamaica Stock Exchange, following Tuesday’s big Future Energy Source trade of 241.4 million, valued at $1.44 billion as the markets closed on Wednesday with just 18,045,079 shares traded in the overall market and the Main and Junior Markets ending with $122.8 million worth of shares trading and the JSE USD market, with US$$15,558.
The Main Market ended lower but the Junior Market gained. The JSE Combined Index slipped 16.78 points to 396,028.51, while the All Jamaican Composite Index dived 2,438.78 points to 435,164.77 and the JSE Main Index fell 488.85 points to close at 381,571.02. The Junior Market index rallied 48.92 points to 4,365.44 and the JSE USD market index slipped 1.09 points to 213.79.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 13 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 gains on JSE Main Market
Trading picked on Tuesday, with the volume of stocks traded rising after trading 12 percent more and 40 percent lower than on Monday on the Jamaica Stock Exchange Main Market as declining stocks edged out those rising with gaining ones outpowering to push the market indices higher.
The All Jamaican Composite Index popped 1,073.75 points to 437,603.55, the JSE Main Index rose 631.05 points to 382,059.87 and the JSE Financial Index added 0.02 points to settle at 90.73.
Trading ended with 54 securities changing hands compared to 56 on Monday, with 20 rising, 23 declining and 11 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.5 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, 9,657,015 units were exchanged for $85,919,427 shares versus 8,595,018 units valued at $143,207,141 on Monday. Trading averages 178,834 units at $1,591,100, compared to 153,482 shares at $2,557,270 on Monday and month to date, an average of 192,803 units at $1,811,153, compared to 199,724 units at $1,920,170 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Sagicor Select Financial Fund led trading with 3.14 million shares for 32.5 percent of total volume followed by Wigton Windfarm with 1.81 million units for 18.7 percent of the day’s trade and Transjamaican Highway with 1.17 million units for 12.1 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Eppley dropped $2 to $42.50 after exchanging 1,475 shares, Eppley Caribbean Property Fund declined $3.75 after ending at $39.50 in an exchange of 2,000 stocks, First Rock Capital lost $1.54 to end at $11.76 with an exchange of 21,494 units. Guardian Holdings fell $1 to close at $501 with the swapping of 749 stock units, Jamaica Producers climbed 90 cents to $21 in trading 35 shares, Jamaica Stock Exchange rallied 50 cents in closing at $18, with 3,349 units changing hands. JMMB Group rose $1.33 to $43.64 after exchanging 38,817 stocks, Kingston Properties shed $1.04 to close at $7.70 in exchanging 5,213 stock units, Kingston Wharves fell 99 cents to $39 after 6,425 units changed hands. Mayberry Investments popped 97 cents to end at $9.17, with 121,522 shares crossing the market, Mayberry Jamaican Equities gained 91 cents in ending at $13.90, with 1,816 stock units crossing the market, NCB Financial declined $1 to $99 with an exchange of 215,288 stocks. 
Portland JSX dropped $1.35 to close at $10.50 in switching ownership of 58 units, Proven Investments lost 85 cents to end at $36.50 in trading 7,841 shares and Supreme Ventures increased 55 cents in closing at $29.15 while exchanging 26,168 stocks.
In the preference segment, 138 Student Living preference share advanced 96 cents in ending at $22.30, with 11 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
241m Fesco shares trade on Junior market
Shares in Future Energy Source controlled more than 97 percent of stocks trading on the Jamaica Stock Exchange Junior Market on Tuesday, with the volume traded surging 1,630 percent and the value jumping 2,755 percent more than on Monday, as 42 securities were traded on Tuesday, with 19 rising, 15 declining and eight ending unchanged.
A total of 247,822,804 shares were traded for $1,466,458,584, up from 14,322,087 units at $51,366,652 on Monday.
Trading averaged 5,900,543 shares at $34,915,681 against 341,002 shares at $1,223,016 on Monday, with a month to date average of 2,131,281 units at $12,186,933 versus 268,822 units at $956,258 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Future Energy Source led trading with 241.41 million shares for 97.4 percent of total volume followed by Dolla Financial with 1.67 million units for 0.7 percent of the day’s trade and iCreate with 810,797 units for 0.3 percent market share.
At the close, the Junior Market Index declined 9.95 points to settle at 4,316.52. The PE Ratio, a measure of computing appropriate stock values, averages 13.3. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year ends that fall 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 stocks with lower offers.
At the close, AMG Packaging shed 59 cents to end at $4.08 in trading 4,359 shares, CAC 2000 fell $1.12 in closing at $9, with 10,526 stock units crossing the market, Caribbean Cream dropped 45 cents to end at $4.50, with 214,185 stocks changing hands. Consolidated Bakeries increased 21 cents to $1.48 with 308,180 units clearing the market, Dolphin Cove advanced 23 cents to $16.94 with an exchange of 17,240 shares, Elite Diagnostic gained 11 cents to end at $3.50 after 23,407 units crossed the market. Express Catering popped 49 cents to $5.69 in switching ownership of 500 stock units, Fosrich rose 99 cents to $35.99 in exchanging 147,743 stocks, Future Energy Source rallied 32 cents to $6.30 while exchanging 241,412,620 stocks. iCreate climbed 24 cents to close at $4.20, with 810,797 units changing hands, Indies Pharma rose 23 cents to close at $3.28, with 500 shares crossing the exchange, ISP Finance declined $2.09 in ending at $17.03 after exchanging one stock unit. Jetcon Corporation lost 10 cents to end at $1.21 after trading 323,642 stock units, KLE Group gained 20 cents to $2.25 after exchanging 300 units, Lasco Distributors popped 14 cents in closing at $3.24 in trading 75,117 stocks. 
Lasco Manufacturing advanced 15 cents to $4.65 with the swapping of 50,250 shares, Limners and Bards climbed 14 cents to end at $2.84 in an exchange of 59,363 shares, Mailpac Group rallied 17 cents in closing at $2.84 after exchanging 432,565 units. Paramount Trading lost 20 cents in ending at $1.70 after trading 14,000 stock units and SSL Venture increased 13 cents to close at $3.70 while exchanging 191,907 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives for JSEUSD stocks
At the close of the Jamaica Stock Exchange US dollar market on Tuesday, trading ended with a sharp 80 percent drop in the volume of stocks exchanged, with a 76 percent fall in the value compared to Monday.
Trading ended with an exchange of six securities, up from three on Monday, with two each shared amongst stocks rising, declining and holding firm.
The JSE USD Denominated Equities Index slipped 0.26 points to 214.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 28,042 shares traded, for US$2,776 down from 137,400 units at US$11,473 on Monday. Trading averaged 4,674 units at US$463, compared to 45,800 shares at US$3,824 on Monday, with a month to date average of 13,203 shares at US$1,515 versus 17,139 units at US$2,001 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, Margaritaville ended trading 462 shares at 14.99 US cents, Productive Business Solutions fell 1 cent to end at US$1.14 after exchanging 43 stocks, Proven Investments dipped 0.3 of one cent to close at 23.7 US cents, with 7,225 units changing hands and Sygnus Credit Investments USD share advanced 0.03 of a cent to 12.03 US cents, with 6,680 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fesco dominates Jamaican Stock Exchange
Future Energy Source (Fesco) was the most prominent trade at the close of the Jamaica Stock Exchange on Tuesday with 241.4 million shares traded valued at $1.44 billion, accounting for the largest portion of the 257,507,861 shares traded in all markets, with the value traded in the Main and Junior Markets ending at $1.55 billion and in the JSE USD market, just US$2,776.
The market closed with the JSE Combined Index rising 500.40 points to close at 396,045.29, while the All Jamaican Composite Index popped 1,073.75 points to 437,603.55. The JSE Main Index gained 631.05 points to end at 382,059.87, the Junior Market Index dipped 9.95 points to 4,316.52 and the JSE USD market Index slipped 0.26 points to 214.88.
The market’s PE ratio ended at 23.8 based on 2021-22 earnings and 13 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.
