Trading closed on the Junior Market of the Jamaica Stock Exchange on Friday with moderate changes from Thursday after trading took place in 45 securities down from 47 on Thursday, and ended with 17 rising, 14 declining and 14 closing unchanged and resulting in a fall in the market index by 19.95 points to 3,940.47 and ending the week lower than the start of the year.
A total of 6,415,297 shares were exchanged for $16,382,248 against 5,986,665 units at $16,728,284 on Thursday.
Trading averaged 142,562 shares at $364,050 compared to 127,376 units at $355,921 on Thursday. Trading for the month to date averages 163,960 units at $417,012 compared with 174,426 stock units at $442,917 on the previous day. January closed with an average of 239,755 units at $646,375.
Tropical Battery led trading with 1.52 million shares for 23.6 percent of total volume followed by recently listed Image Plus Consultants, with 968,564 units for 15.1 percent of the day’s trade and iCreate with 927,094 units for 14.5 percent of market share.
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 the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial dipped 99 cents in closing at $23.01 in an exchange of 204 shares, CAC 2000 advanced $1.25 to close at $8.35 in switching ownership of 12 stock units, Caribbean Assurance Brokers lost 10 cents to finish $2.04 in trading 500 stocks. Fontana rallied 40 cents after ending at $9 and trading 49,813 units, Fosrich gained 15 cents to close at $3.68 as investors exchanged 338,220 units, GWest Corporation popped 13 cents to end at $1.10 after transferring 3,064 stock units. Honey Bun shed 36 cents in ending at $7.07 in switching ownership of 3,327 shares, iCreate rose 22 cents to $2.15 with the swapping of 927,094 stocks, following a release of the company signing an agreement to acquire Visual Ideas Execution Limited, ISP Finance popped 44 cents to $27.94 after exchanging 721 units. JFP Ltd gained 7 cents to settle at $1.77, with 293,494 shares crossing the market, Knutsford Express fell $1.50 to $11 with 1,948 stocks changing hands, Lasco Manufacturing rose 64 cents to $4.70 with a transfer of 28,371 stock units. Main Event fell $1.04 to $9.20 after 7,713 units passed through the market, Medical Disposables shed 80 cents to close at $4.61 after trading 20,474 stocks, MFS Capital Partners gained 20 cents in closing at $3.21 after an exchange of 441,437 stock units.
Stationery and Office Supplies popped 50 cents to end at $15.50 with investors transferring just 1,627 shares and Tropical Battery gained 15 cents in closing at $2.60 after 1,515,045 stock units cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks upon JSE USD market Friday
Trading picked up steam on the Jamaica Stock Exchange US dollar market on Friday, with a 12 percent rise in the volume of stocks exchanged, leading to a 61 percent jump in value over Thursday, following trading in eight securities, compared to seven on Thursday with five rising, one declining and two ending unchanged.
Overall, 291,324 shares were exchanged for US$20,906 compared with 260,566 units at US$12,989 on Thursday.
Trading averaged 36,416 shares at US$2,613 versus 37,224 shares at US$1,856 on Thursday, with a month to date average of 38,137 shares at US$2,421 compared with 39,121 units at US$2,311 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index rose 0.51 points to 223.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share rallied 0.02 of a cent to end at 7 US cents after 3,283 shares passed through the market, Proven Investments increased 0.84 of one cent in ending at 20 US cents in an exchange of 11,800 stock units, Sygnus Credit Investments USD share advanced 0.47 of a cent to 9.98 US cents after an exchange of 24,718 units. Sygnus Real Estate Finance USD share lost 0.6 of one cent in closing at 8.9 US cents and trading 13,505 stocks and Transjamaican Highway remained at 0.92 of one US cent in an exchange of 230,000 stock units.
In the preference segment, Productive Business 9.25% preference share gained 89 cents to end at US$12 after trading 23 stocks. JMMB Group 5.75% popped 4 cents in closing at US$2.01 with investors transferring 4,215 shares and JMMB Group 6% ended at US$1 with 3,780 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rise as Junior Market falls
Trading picked on the Jamaica Stock exchange on Friday and led to the JSE Main Market and the USD Market of the Jamaica Stock Exchange closing higher, but the Junior Market declined for a third consecutive day following the big jump it enjoyed on Monday and Tuesday.
Trading ended with an exchange of 15,002,754 shares, down from 11,852,477 units on Thursday, valued at $117 million up from $51.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$20,906 compared with US$12,989 on Thursday.
At the close, the Combined Market Index gained 557.08 points to 351,286.59, the All Jamaican Composite Index added 394.82 points to end at 381,036.58, the JSE Main Index rallied 796.94 points to end at 337,795.57, the Junior Market lost 19.95 points to end at 3,940.47 and the JSE US dollar market popped 0.51 points to close at 223.44.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.9 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.
JSE USD market dips for a second day
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 9 percent and resulting in a 33 percent fall in the value compared to Wednesday, following trading in seven securities, compared with seven on Wednesday with one rising, three declining and three ending unchanged.
Overall, 260,566 shares were traded for US$12,989 compared with 287,125 units at US$19,364 on Wednesday.
Trading averaged 37,224 units at US$1,856 down from 41,018 shares at US$2,766 on Wednesday, with month to date average of 39,121 shares at US$2,311. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index slipped 0.54 points to end at 222.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share dropped 0.02 of a cent in ending at 6.98 US cents after 35,761 shares were traded, Proven Investments lost 0.84 of a cent to end at 19.16 US cents while exchanging 16,700 stock units, Sterling Investments popped 0.18 of a cent in closing at 1.99 US cents as 494 stocks passed through the market. Sygnus Credit Investments USD share ended at 9.51 US cents 16,850 units crossing the market and Transjamaican Highway remained at 0.92 of one US cent with investors exchanging 187,273 stocks.
In the preference segment, Equityline Mortgage Investment preference share fell 3 cents to US$1.64 after a transfer of 488 units and JMMB Group 6% ended at US$1 trading 3,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another day of slippage for JSE Markets
All markets of the Jamaica Stock Exchange dropped on Thursday, continuing the losses on Wednesday, following slippage in trading in the overall market compared with the prior day.
Trading ended with an exchange of 11,852,477 shares, down from 19,398,419 units on Wednesday, valued at $51.7 million down from $95.1 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$12,989 compared with US$19,364 on Wednesday.
At the close, the Combined Market Index dropped 1,059.23 points to 350,729.51, the All Jamaican Composite Index shed 1,290.43 points to end at 380,641.76, the JSE Main Index fell 784.27 points to 336,998.63, the Junior Market fell 35.38 points to 3,960.42 and the JSE US dollar market slipped 0.54 points to close at 222.93.
The market’s PE ratio ended at 23.1 based on 2021-22 earnings and 13.8 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.
Slippage for JSE USD Market
Trading plunged on the Jamaica Stock Exchange US dollar market on Wednesday from Tuesday’s levels with a 74 percent fall in the volume of stocks changing hands with the value declining 48 percent from Tuesday’s level with trading in seven securities compared to eight on Tuesday with the price of one rising, two declining and four ending unchanged.
Overall, 287,125 shares were traded for US$19,364 down from 1,121,685 units at US$37,070 on Tuesday.
Trading averaged 41,018 units at US$2,766 versus 140,211 shares at US$4,634 on Tuesday. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.96 points to end at 223.47.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 7 US cents as investors exchanged 19,429 shares, Margaritaville dipped 0.07 of a cent ending at 14.1 US cents with two stocks crossing the exchange, Proven Investments ended at 20 US cents after 11,350 units were traded. Sterling Investments popped 0.01 of a cent to close at 1.81 US cents with 63,007 stock units changing hands, Sygnus Credit Investments USD share ended at 9.51 US cents after exchanging 12,385 stock units and Transjamaican Highway lost 0.07 of a cent to 0.92 of one US cent while exchanging 169,103 units.
In the preference segment, JMMB Group 6% ended at US$1 after trading 11,849 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.