The Jamaica Stock Exchange main market indices rose on a day when the Junior and JSE USD markets slipped but changes were modest with the JSE Combined Index rising 760.60 points to close at 395,484.82 on a day of moderate trading.
Trading ended with just 14,618,589 shares changing hands in the overall market, carrying a value of a mere $111.67 million, while the JSE USD market ended with the value of stocks traded at US$8,502.
At the close, the All Jamaican Composite Index rose 982.40 points to 436,625.69 the JSE Main Index climbed 1,063.47 points to close at 381,727.51, the Junior Market slipped by 25.98 points to 4,288.72 and the JSE USD market Index dipped 3.19 points lower to 206.47.
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.7 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.
Moderate trading continues for JSE markets
Trading value plunges on JSE Main Market
Volume traded rose on Friday but with a much lower value than on Thursday at the close of the Jamaica Stock Exchange Main Market, with the volume of stocks traded increasing 26 percent, with 42 percent less than on Thursday after rising stocks just edged out those declining.
Overall, 6,917,755 shares were exchanged for just $50,532,632 versus 5,480,966 units at $87,344,674 on Thursday. Trading averaged 125,777 units at $918,775, compared to 99,654 shares at $1,588,085 on Thursday and month to date, an average of 180,801 units at $1,659,883, versus 186,354 units at $1,734,673 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Transjamaican Highway led trading with 1.66 million shares for 23.9 percent of total volume, followed by Wigton Windfarm with 1.50 million units for 21.7 percent of the day’s trade and Caribbean Producers with 607,959 units for 8.8 percent of market share.
The All Jamaican Composite Index lost 768.00 points to 435,643.29, the JSE Main Index lost 652.21 points to close at 380,664.04 and the JSE Financial Index increased 0.02 points to 90.66.
Trading ended with 55 securities, similar to Thursday, with 20 rising, 19 declining and 16 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 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 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 two stocks with lower offers.
At the close, Caribbean Cement fell 97 cents to end at $62.25 while exchanging 6,742 shares, Eppley Caribbean Property Fund rallied $3 to $43 after exchanging 3,685 stocks, First Rock Capital increased 59 cents to $12.50 with 19,005 units changing hands. GraceKennedy shed $2.01 in ending at $99.96 after trading 16,371 stock units, Jamaica Stock Exchange lost 62 cents to close at $17.98, with 18,511 shares crossing the exchange, Margaritaville declined $2 to $19, with 132 stock units clearing the market. Mayberry Investments rose 35 cents to $10.80 with 234,085 stocks changing hands, Mayberry Jamaican Equities gained 59 cents to close at $14.99 in exchanging 59,671 units, MPC Caribbean Clean Energy climbed $5 to end at $85 with an exchange of 1,000 stocks. 
Palace Amusement advanced $60 in closing at $880 in switching ownership of 157 units, Proven Investments dropped $1 to $34 after finishing the trading of 4,258 shares, Seprod shed $1 to end at $70 in trading 15,960 stock units and Sygnus Credit Investments popped 39 cents in closing at $14 in an exchange of 8,041 stocks.
In the preference segment, Productive Business Solutions 9.75% preference share gained $2.50 to close at $109.50 with the swapping of 160 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps for JSE USD Market
US dollar market trading on the Jamaica Stock Exchange closed Friday, with the volume of stocks traded jumping 214 percent and the value surging 297 percent above Thursday’s levels, resulting in eight securities trading, compared to seven on Thursday with two rising, four declining and two ending unchanged.
Overall, 457,523 shares traded for US$96,524, up from 145,561 units at US$24,336 on Thursday. Trading averaged 57,192 units at US$12,065, compared to 20,794 shares at US$3,477 on Thursday, with a month to date average of 39,617 shares at US$3,977 versus 37,385 units at US$2,950 on the previous day. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index 1.26 lost points to end at 209.66.
The PE Ratio, a tool used to compute appropriate stock values, averages 8.8. The PE Ratios use ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share dropped 1 cent to close at 6 US cents, with 94,082 shares clearing the market, Margaritaville lost 1.99 cents to end at 13 US cents in exchanging 15 units, Proven Investments shed 2.41 cents after ending at 22 US cents with an exchange of 268,403 stock units. 
Sterling Investments rallied 0.14 of a cent to 2.15 US cents, with 100 stocks crossing the market, Sygnus Credit Investments USD share gained 0.98 of one cent in closing at 12.98 US cents, with 84,642 units changing hands, Sygnus Real Estate Finance USD share fell 0.25 of a cent to end at 13.15 US cents, with 16 shares crossing the exchange and Transjamaican Highway remained at 0.95 US cents while exchanging 812 stocks.In the preference segment, JMMB Group 5.75% finished at US$2.03 after exchanging 9,453 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolla profit jumps sharply over 2021
Dolla Financial ended the second quarter with a profit after tax of $59 million, similar to the first quarter after revenues rose from $141 million in the first quarter to $157 million. Interest expenses increased to $13.7 million from $12.8 million in the March quarter. But it is an $18 million jump in Administrative expenses held back profit from exceeding the first quarter numbers.
Roughly $18 million in increased administrative costs relates to the listing of the shares on the stock exchange and some other expenses associated with the IPO that are booked as a part of Administrative. ICInsoder.com gathers that cost to fall back to the $60 million level in the third quarter.
Year to date revenues are $298 million versus $108 million in 2021, while the June 2021 quarter delivered revenues of $54 million with a small profit of $9 million.
The third quarter should see a notable increase in loan income, with the IPO proceeds would only have been available in June, with the IPO closing on May 27. As such, revenues should climb by around $25 million in the September quarter and profit should hit $100 million for the quarter.
The balance sheet shows loans of $1.05 billion, up from $870 million at the end of March, Cash stood at $81 million and shareholders’ equity rose from $373 million to $653 million, reflecting the new capital injection from the IPO as well as the profit for the quarter. ICInsider.com understands that they have lent out all the funds received and are preparing to float a billion dollar bond to facilitate expansion. Loans payable amount to $429 million at the end of June, slightly down from the $452 million at the end of March but well up on the $296 million in June 2021.
The company plans to open a branch in Portmore in the current quarter and another in Guyana.
Earnings per share for the quarter was 2 cents and year to date just over 5 cents. ICInsider.com forecasts 20 cents per share for the current year and 35 cents for 2023.
Dolla Financial traded on the Junior Market at $2.87 after investors swapped 643,451 shares.
Trading drops on Junior Market
The volume of stocks trading dropped 27 percent and the value 20 percent lower than on Thursday, at the closed of the Junior Market of the Jamaica Stock Exchange Friday, with 42 securities trading versus 43 on Thursday with 14 rising, 20 declining and eight closing unchanged.
At the close, the Junior Market Index declined 18.34 points to settle at 4,314.71. The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE of Junior Market stocks incorporate earnings projected by ICInsider.com for companies with financial year end falling between November this year and August 2023.
A total of 8,580,219 shares traded for $31,966,895 down from 11,834,174 units at $39,877,832 on Thursday. Trading averaged 204,291 shares at $761,117 in contrast to 275,213 shares at $927,391 on Thursday, with month to date, averaging 730,817 units at $3,900,259 compared to 782,850 units at $4,210,480 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Mailpac Group led trading with 2.17 million shares for 25.3 percent of total volume, followed by Derrimon Trading with 737,697 units for 8.6 percent of the day’s trade and Dolla Financial with 643,451 units for 7.5 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell 24 cents to close at $23 after 41 shares were traded, CAC 2000 lost $1.30 in ending at $8.50 in trading 4,673 stocks, Cargo Handlers rose $2.19 to $13.40 and finishing with 5,801 units changing hands. Caribbean Cream shed 15 cents in closing at $4.70 after trading 5,771 stock units, Dolphin Cove dropped 25 cents to end at $15.60, with 9,116 units clearing the market, EduFocal added 9 cents to close at $2.50 after exchanging 185,116 stock units. Express Catering declined 26 cents to $5.83 in exchanging 109,117 shares, Fontana shed 16 cents after ending at $9.99, with 58,567 stocks units crossing the exchange, Future Energy Source lost 8 cents in closing at $5.83 while exchanging 619,047 shares. GWest Corporation declined 8 cents to $1.02 in exchanging 233,651 stock units, iCreate fell 20 cents to $4 after 444,910 stocks crossed the market, Indies Pharma gained 18 cents in closing at $3.25 with 5,851 units changing hands. Jetcon Corporation dropped 8 cents to end at $1.25 with the swapping of 69,187 stocks, Lasco Distributors rallied 28 cents in ending at $3.40 after switching ownership of 42,607 shares, Lasco Financial increased 11 cents to close at $2.95, with 19,020 stock units changing hands. 
Lasco Manufacturing popped 23 cents in closing at $4.70 in an exchange of 36,936 units, Limners and Bards lost 29 cents to $2.90 with an exchange of 249,314 shares, Main Event shed 59 cents ending at $7.40, with 877 units clearing the market. Paramount Trading fell 25 cents to close at $1.65 after trading 413,056 stock units, SSL Venture advanced 30 cents to end at $3.30, with 180,443 stock units crossing the market, Stationery and Office Supplies gained 15 cents to close at $13.90 after exchanging 23,000 units and Tropical Battery dropped 7 cents in ending at $2.80 with an exchange of 568,838 stocks.
In the preference segment, CAC 2000 9.5% preference share declined 9 cents to end at $1 with the swapping of 1,220 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All round losses for JSE markets
All markets slipped on the Jamaica Stock Exchange to close out the week and closed with modest changes in the indices. The JSE Combined Index fell 774.70 points to 394,724.22.
Trading ended, with a mere 15,955,497 shares changing hands in the overall market, with a value of just $82.5 million, while the JSE USD market ended with the value of stocks traded at US$96,524.
At the close, the All Jamaican Composite Index fell 768.00 points to 435,643.29, the JSE Main Index lost 652.21 points to close at 380,664.04, the Junior Market slipped 18.34 points to 4,314.71 and the JSE USD market Index slipped 1.25 points lower to 209.66.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.7 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 plunged on JSE Main Market
Man Market trading volumes plunged on Thursday after trading 66 percent less shares with 45 percent higher value than on Wednesday on the Jamaica Stock Exchange Main Market as 55 securities traded compared to 54 on Wednesday, with 24 rising, 15 declining and 16 ending unchanged.
Just 5,480,966 shares were exchanged for $87,344,674 compared to 16,023,046 units at $60,117,325 at the close on Wednesday. Trading averages 99,654 units at $1,588,085, compared to 296,723 shares at $1,113,284 on Wednesday and month to date, an average of 186,354 units at $1,734,673, compared to 196,085 units at $1,751,127 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 1.20 million shares for 21.9 percent of total volume followed by Supreme Ventures with 480,364 units for 8.8 percent of the day’s trade and Caribbean Producers with 439,202 units for 8 percent market share.
The All Jamaican Composite Index popped 169.72 points to settle at 436,411.29, the JSE Main Index added 30.25 points to close at 381,316.25and the JSE Financial Index declined 0.06 points to settle at 90.64.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14 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 to the close of August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments advanced 50 cents in ending at $88, with 508 shares crossing the market, Berger Paints gained 45 cents to end at $11.65 after trading 11 stock units, Caribbean Cement rose $1.22 in closing at $63.22 with 6,967 stocks clearing the market. Eppley dropped $2.50 to $41 in exchanging 620 units, Eppley Caribbean Property Fund shed 50 cents to close at $40 while exchanging 731 stock units, GraceKennedy popped $1.97 in closing at $101.97, with changing hands 54,589 units. Jamaica Producers climbed 58 cents to $21.10 after finishing treading of 53,198 shares, Jamaica Stock Exchange rallied 40 cents to end at $18.60 in switching ownership of 58,502 stocks, JMMB Group increased 38 cents to close at $43.40 with the swapping of 21,306 stocks. Kingston Properties declined 40 cents to $6.90 after trading 79,580 shares, Margaritaville lost $1.50 in ending at $21 and exchanging 213 stock units, Mayberry Investments increased 75 cents to $10.45 after 240,911 units crossed the market. Mayberry Jamaican Equities advanced $1.40 to end at $14.40 after exchanging 270,023 stocks, 138 Student Living gained 39 cents to close at $5.16 in an exchange of 1,108 shares, PanJam Investment fell $1.50 to $64.30, with 259,250 stock units crossing the exchange. 
Proven Investments rose $1 in closing at $35 with 12,359 units changing hands, Supreme Ventures rallied 60 cents to $31 with an exchange of 480,364 stock units and Sygnus Credit Investments shed 39 cents to end at $13.61 while exchanging 51,123 shares.
In the preference segment, Eppley 7.50% preference share fell 91 cents to $6.96 after 3,144 units changed hands and Jamaica Public Service 9.5% climbed $1 to close at $3000 with the swapping of one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on Junior Market
Trading climbed on the Junior Market of the Jamaica Stock Exchange on Thursday, with the volume of stocks traded rising 45 percent and the value 18 percent more than on Wednesday, as 43 securities were exchanged, the same as Wednesday and ended with 21 rising, 19 declining and three closing unchanged.
At the close, the Junior Market Index eked a mere gain of 6.05 points to close at 4,333.05.
The PE Ratio, a measure of computing appropriate stock values, averages 13.2. 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.
A total of 11,834,174 shares were traded for $39,877,832, compared to 8,163,412 units at $33,704,615 on Wednesday. Trading averaged 275,213 shares at $927,391 comapred to 189,847 shares at $783,828 on Wednesday, with a month to date, average of 782,850 units at $4,210,480 compared to 839,993 units at $4,580,042 on the prior trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 3.79 million shares for 32 percent of total volume, followed by Jamaican Teas with 1.92 million units for 16.3 percent of the day’s trade and Spur Tree Spices with 821,991 units for 6.9 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial climbed $1.88 to $23.24 with 90 shares crossing the exchange, AMG Packaging climbed 64 cents in closing at $4.90 in trading 3,787 units, Blue Power increased 24 cents to close at $3.65, with 25 stock units crossing the market. Caribbean Cream advanced 16 cents to end at $4.85 in exchanging 16,522 stocks, Dolla Financial popped 12 cents to $2.90 with the swapping of 3,785,953 stock units, Dolphin Cove declined 13 cents to end at $15.85, with an exchange of 5,897 stocks. EduFocal shed 10 cents to $2.41 in switching ownership of 244,504 units, Express Catering rose 19 cents in closing at $6.09 after exchanging 56,350 shares, Fontana rallied 15 cents to close at $10.15, with 27,238 stocks changing hands. Fosrich fell 73 cents to $36.45 after finishing trading 77,059 shares, General Accident dropped 15 cents to close at $6, with 8,060 stock units clearing the market, iCreate gained 20 cents to end at $4.20 while exchanging 668,005 units. Indies Pharma lost 20 cents to $3.07rafter 2,265 stocks crossed the market, ISP Finance rallied 50 cents in closing at closing in trading 8 stock units, Jamaican Teas dropped 14 cents in closing at a 52 weeks’ low $2.83 in an exchange of 1,924,906 units, after it hit an intraday low of $2.50.
KLE Group shed 19 cents to $2.01 after trading 1,000 shares, Knutsford Express popped 10 cents to close at $7.35 after exchanging 2,300 shares, Lasco Financial lost 23 cents in closing at $2.84 in an exchange of 4,840 units. Mailpac Group fell 11 cents to end at $2.59 in exchanging 403,758 stocks and Stationery and Office Supplies climbed 40 cents to $13.75, with 15,830 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on the JSE USD market
The volume of stocks traded jumped 136 percent on Thursday, with the value surging 270 percent more than on Wednesday at the close of the Jamaica Stock Exchange US dollar market, resulting in seven securities traded, up from five on Wednesday with two rising, four declining and one ending unchanged.
The JSE US Denominated Equities Index slipped 1.35 points to end at 210.92. The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 145,561 shares were traded for US$24,336 versus 61,706 units at US$6,586 on Wednesday. Trading averaged 20,794 units at US$3,477, up from 12,341 shares at US$1,317 on Wednesday, with a month to date average of 37,385 shares at US$2,950 versus 39,459 units at US$2,884 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 ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share shed 0.5 of a cent to 7 US cents, with 18,673 shares crossing the market, 
Proven Investments popped 1.41 cents in ending at 24.41 US cents after trading of 78,243 stocks, Sterling Investments lost 0.09 cents to end at 2.01 US cents after exchanging 23,153 stock units. Sygnus Credit Investments USD share finished at 12 US cents in an exchange of 2,417 units, Sygnus Real Estate Finance USD share rallied 1.2 cents in closing at 13.4 US cents with 1,453 shares changing hands and Transjamaican Highway dropped 0.02 drop of a cent in closing at 0.95 US cents after trading 19,622 units.In the preference segment, JMMB Group 5.75% declined 3 cents to close at US$2.03 in trading 2,000 stock units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Jamaican stocks
Trading on the Junior Market was spirited on Thursday accounting for $40 million against $87 million in the Jamaica Stock Exchange Main Market, with PanJam Investment trading nearly $17 million in shares, with the market closing with modest changes in the indices as shown by the JSE Combined Index that rose a mere 82.65 points to end at 395,498.92.
PanJam Investment topped trading on Thursday with $17m
Trading ended on Thursday, with a mere 17,460,701 shares changing hands in the overall market, with a value of just $127.2 million, while the JSE USD market ended with the value of stocks traded at US$24,336.
At the close, the All Jamaican Composite Index rose 169.71 points to 436,411.29, the JSE Main Index added just 30.25 points to close at 381,316.25, the Junior Market rose 6.05 points to 4,333.05 and the JSE USD market Index slipped 1.35 points to 210.92.
The market’s PE ratio ended at 23.4 based on 2021-22 earnings and 12.7 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.
