On the Jamaica Stock Exchange US dollar market, trading on Monday ended with the volume of stocks traded rising 239 percent and the value jumping 6,746 percent above trading on Friday, resulting in more stocks falling than rising.
A total of 10 securities traded, up from seven on Friday, with one rising, four declining and five were left unchanged. The JSE US Denominated Equities Index slipped 1.72 points to end at 208.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 127,202 shares were traded for US$49,782 compared to 37,542 units at US$727 on Friday. Trading averaged 12,720 units at US$4,978, compared to 5,363 shares at US$104 on Friday, with a month to date average of 45,684 shares at US$3,586 versus 47,579 units at US$3,506 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows four 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 7.95 US cents in exchanging 13,057 shares, Margaritaville ended unchanged at 15 US cents in an exchange of 6 stocks, Proven Investments lost 0.5 of a cent to end at 26 US cents with 43,887 units changing hands. 
Sterling Investments popped 0.1 of a cent in closing at 2.15 US cents with one unit clearing the market, Sygnus Credit Investments USD share ended at 12.7 US cents while exchanging 2,825 stocks, Sygnus Real Estate Finance USD share declined 0.01 of a cent to 12.49 US cents after trading one stock unit and Transjamaican Highway fell 0.02 of a cent to end at 0.94 of one US cent after exchanging 46,418 shares.
In the preference segment, Equityline Mortgage Investment preference share ended unchanged at US$1.70 with an exchange of one unit, JMMB Group 5.75% shed 29 cents in closing at US$2.03 with the swapping of 15,003 shares and JMMB Group 6% finished at US$1.10 trading 6,003 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD stocks
Gains for Jamaica Stock Exchange Main Market
On Monday, market activity ended on the Jamaica Stock Exchange Main Market, with the volume of stocks traded declining by 34 percent and the value down 41 percent below Friday’s outturn as rising stocks beat out those declining.
Trading ended with 54 securities down from 56 on Friday, with 20 rising, 16 declining and 18 left unchanged.
The All Jamaican Composite Index gained 4,305.03 points to settle at 448,121.25, the JSE Main Index and the JSE Financial Index popped 0.89 points to settle at 93.66.
The PE Ratio, a formula for computing appropriate stock values, averages 14.6. 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 August 2023.
Overall, 7,299,070 shares were exchanged for $50,442,185 versus 11,037,154 units at $85,895,992 on Friday. Trading averages 135,168 units at $934,115, compared to 197,092 shares at $1,533,857 on Friday and month to date, an average of 232,770 units at $3,555,980, compared to 237,971 units at $3,689,672 on the previous trading day. April averaged 532,209 units at $5,709,319.
Transjamaican Highway led trading with 1.91 million shares for 26.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.39 million units for 19 percent of the day’s trade, QWI Investments traded 1.08 million units for 14.8 percent market share and Wigton Windfarm, 1.07 million units for 14.7 percent market share.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Caribbean Cement climbed $1 to close at $64, with 25,448 shares crossing the exchange, Eppley Caribbean Property Fund popped $2.95 to $44 in switching ownership of 3 stock units, First Rock Capital shed 35 cents in ending at $12.05 with the swapping of 1,703 stocks. Jamaica Stock Exchange lost 30 cents to end at $18.50 in an exchange of 13,082 units, JMMB Group gained 75 cents in closing at $46.75 with 81,624 stocks changing hands, Kingston Properties rallied 49 cents to close at $7.99 after 6,251 stock units were traded. Massy Holdings advanced $3 to $98 in trading 67,506 units, Mayberry Investments declined 36 cents to $10.10 while exchanging 4,158 shares, Mayberry Jamaican Equities fell $1.10 in closing at $13.50, with 3,526 stocks clearing the market. Portland JSX increased 70 cents to $10.70 after 50,000 stock units changed hands, Proven Investments rose 70 cents to $36.75 in exchanging 3,532 shares, Pulse Investments dropped 32 cents in closing at $3.48, with 309,086 units crossing the market. Stanley Motta increased 40 cents in ending at $5.30 after exchanging 23,878 shares, 
Supreme Ventures rose $1.01 to end at $29.01, with 14,640 stock units crossing the market, Sygnus Credit Investments dropped $1.28 to close at $14.80, with 12,534 stocks changing hands. Sygnus Real Estate Finance rallied $1.05 in closing at $14 after an exchange of 3,310 units and Wisynco Group advanced 50 cents to close at $19.80, trading 42,528 stocks.
In the preference segment, Jamaica Public Service 9.5% slipped $1 to $2999 with an exchange of 13 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market recovery continues
The Junior Market Index continues to rebound from last week’s steep sell-off by climbing 26.29 points to close at 4,146.34 at the close of trading on Monday, with a 51 percent increase in the volume of stocks traded and the value rose 54 percent over trading on Friday.
A total of 41 securities traded up from 35 on Friday and ended with 15 rising, 18 declining and eight left unchanged.
The PE Ratio, a measure in computing stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years closing up to the end of August 2023.
A total of, 6,964,198 shares traded amounting to $28,803,554, up from 4,622,684 units at $18,728,840 on Friday. Trading averaged 169,858 shares at $702,526 in contrast to 132,077 shares at $535,110 on Friday, with the month to date, averaging 384,335 units at $1,657,551 compared to 395,085 units at $1,705,419 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Caribbean Assurance Brokers led trading with 1.61 million shares for 23.1 percent of total volume, followed by Future Energy Source with 1.04 million units for 14.9 percent of the day’s trade and Spur Tree Spices with 474,166 units for 6.8 percent market share.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed $1.87 to $21.87, with 451 shares crossing the market, Cargo Handlers advanced $1.60 in closing at $11.60 after exchanging just 500 stocks, Caribbean Cream declined 25 cents in ending at $4., with 10,891 units changing hands. Caribbean Flavours increased 25 cents to close at $1.97 with the swapping of 212,907 stock units, Dolphin Cove fell 20 cents to end at $18 in switching ownership of 37,212 stock units, Elite Diagnostic lost 20 cents to $3.40, trading 15,556 stocks. Everything Fresh shed 14 cents to $1.22, with 29,677 units clearing the market, Express Catering dropped 31 cents to end at $5.62 with 14,301 shares changing hands, Fosrich dropped 80 cents in closing at $23.50, with 216,823 stock units crossing the exchange. Future Energy Source gained 25 cents to close at $6.25 after exchanging 1,038,976 units, iCreate declined 30 cents in closing at $3.20 with an exchange of 41,181 shares, Indies Pharma lost 16 cents to end at $3 in an exchange of 20,017 stock units. Jetcon Corporation shed 10 cents to $1.50 while exchanging 31,329 shares, Knutsford Express rallied 10 cents to $7.80 after finishing trading 2,136 units, 
Lasco Manufacturing popped 16 cents to close at $5.27 after an exchange of 95,723 stocks, following the release of improved full year results. Lumber Depot fell 20 cents to end at $3.10 in trading 413,705 stock units, Main Event shed 19 cents after finishing at $8.20 in exchanging 54,232 stock units, Medical Disposables jumped $1.19 to $8.19 in trading 73,758 stocks. Paramount Trading rallied 15 cents in closing at $1.90 in an exchange of 650 shares, Spur Tree Spices advanced 25 cents to close at $3.95, with 474,166 units changing hands and tTech rose 40 cents in closing at $3.89 while exchanging 4,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More bounce for the Jamaica Stock Exchange
Stocks bounced again at the close of trading on Monday on the Main and Junior and Main Market of the Jamaica Stock Exchange, accompanied by low volume, but slipped on the JSE USD Market resulting in the JSE Combined Index bouncing 4,415.18 points to close at 404,081.36.
The All Jamaican Composite Index jumped 4,305.03 points to 448,121.25, the JSE Main Index added 4,466.69 points to close at 392,283.38, the Junior Market of the Jamaica Stock Exchange gained 26.29 points to close at 4,146.34 and the JSE USD market index slipped 1.72 points to 208.05.
Investors exchanged 14,390,470 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $79.2 million and in the JSE USD market, US$49,782.
The market’s PE ratio ended at 24.3 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.
$10 billion chased Dolla IPO
Some $10 billion is said to have chased after the 500 million shares at $1 each, offered in the Initial Public offer in Dolla Financial from approximately 10,000 applications, ICInsider.com has been advised by persons who would be in a place to know.
This could mean that each applicant may end up with an average of approximately eight percent of which they applied if over 40,000 shares.
The issue that was clearly very popular and oversubscribed closed at 4.30 on Friday, the same day of opening.
The shares are slated for listing on the Junior Market of the Jamaica Stock Exchange and are expected to more than double based on the earnings for the first quarter to March this year, with profit before tax of $66 million up from $17 million in 2021 and the high level of oversubscription.
The company reported an audited profit of $129 million after taxation of $38 million for 2021, from revenues of $379 million and ended with shareholders’ equity of $315 billion.
Dolla IPO oversubscribed and closed
The Initial Public offer of shares in Dolla Financial was oversubscribed and closed at 4.30 on Friday, the same day that the issue opened.
The issue comprised 500 million shares of $1 each with the shares slated for listing on the Junior Market of the Jamaica Stock Exchange. A very popular issue that is expected to be heavily oversubscribed, with the stock expected to more than double based on the earnings for the first quarter to March this year, with profit before tax of $66 million up from $17 million in 2021.
When listed it will bring the total Junior Market listings to 46, with three listings for the year to date and the total number of ordinary shares to be listed on that market to 50, with one failure and three migrating to the Main Market.
JSE USD market index slips
The market index slipped at the close of the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks traded dropping 73 percent and the value 94 percent from trading on Thursday, and ended with more stocks rising than falling.
Sseven securities traded, the same as Thursday, with three rising, one declining and three ending unchanged.
The JSE US Denominated Equities Index lost 0.42 points to end at 209.77. 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.
Overall, 37,542 shares were traded for US$727 compared to 137,282 units at US$12,922 on Thursday.
Trading averaged 5,363 units at US$104, compared to 19,612 shares at US$1,846 on Thursday, with a month to date average of 47,579 shares at US$3,506 versus 49,348 units at US$3,648 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share rose 0.6 of a cent to close at 7.95 US cents while exchanging 265 shares Margaritaville closed at 15 US cents after trading 150 stock units, Proven Investments rallied 0.5 of one cent to end at 26.5 US cent, trading 400 units. Sygnus Credit Investments USD share increased 0.15 of a cent to 12.7 US cents, with 1,746 stocks changing hands and Transjamaican Highway dropped 0.02 of a cent in ending at 0.96 of one US cent with the swapping of 34,972 stock units.
In the preference segment, JMMB Group 5.75% finished at US$2.32, with eight stocks crossing the market and JMMB Group 6% remained at US$1.10 with an exchange of one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend gains for JSE main market
Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 11 percent within 18 percent greater value than on Thursday as rising stocks edged out those declining, sending the market indices into positive territory at the close.
Trading ended with 56 securities changing hands compared to 54 on Thursday, with 22 rising, 19 sliding, with 15 unchanged. The All Jamaican Composite Index rose 1,636.40 points to 443,816.22, the JSE Main Index 678.54 points to 387,816.69 and the JSE Financial Index dipped 0.10 points to settle at 92.77.
The PE Ratio, a formula for computing appropriate stock values, averages 14.4. 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 August 2023.
Overall, Overall, 11,037,154 shares were exchanged for $85,895,992 versus 12,027,193 units at $67,590,197 on Thursday. Trading averages 197,092 units at $1,533,857, compared to 222,726 shares at $1,251,670 on Thursday and month to date, an average of 237,747 units at $3,689,672, compared to 240,017 units at $3,810,037 on the previous trading day. April closed with an average of 532,209 units at $5,709,319.
Transjamaican Highway led trading with 2.72 million shares for 24.6 percent of total volume, followed by Wigton Windfarm with 2.51 million units for 22.8 percent of the day’s trade and QWI Investments, 961,802 units for 8.7 percent of market share.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Barita Investments dropped $2.21 to close at $87.65, with 48,902 shares changing hands, Caribbean Producers lost 71 cents to end at $15 in switching owners of 192,169 stocks, Eppley rallied $6.23 in ending at $46.23 after 35 stock units crossed the exchange. Eppley Caribbean Property Fund declined $2.95 in closing at $41.05 and trading 687 units, First Rock Capital climbed 85 cents to $12.40, with 12,035 shares crossing the market, JMMB Group gained 65 cents to end at $46 trading 160,986 stocks. Kingston Wharves increased $1.25 in ending at $39.70 after exchanging 6,212 units, Massy Holdings rose $1.80 to $95 with 4,080 stock units changing hands, Mayberry Jamaican Equities advanced $1.36 in closing at $14.60 in an exchange of 23,809 stocks. MPC Caribbean Clean Energy popped $9.99 to close at $105 with the swapping of 91 stock units, NCB Financial shed 50 cents to close at $106.50 with an exchange of 21,683 units, 138 Student Living advanced 43 cents to $5.19 with 15,946 shares clearing the market. PanJam Investment increased $2 to $66 after exchanging 3,106 stocks, Portland JSX fell 30 cents to $10 with 40,349 shares changing hands, Proven Investments fell $1.85 to end at $36.05 after exchanging 88,068 stock units. 
Sagicor Group rose $1.49 to $57.99, with 107,192 units crossing the market, Scotia Group popped 52 cents to close at $36 while exchanging 334,902 stocks, Seprod lost 39 cents, ending at $70.01 trading 5,380 units. Stanley Motta shed 40 cents in closing at $4.90 while exchanging 186,644 stock units, Sygnus Credit Investments rallied 98 cents to $16.08 and closed after trading 65,064 shares, Sygnus Real Estate Finance dropped 55 cents, ending at a 52 weeks’ low of $12.95, with 1,175 stock units crossing the market and Wisynco Group declined 65 cents to end at $19.30 in switching ownership of 266,327 shares.
In the preference segment, 138 Student Living preference share declined $1.66 to close at $16.50 in exchanging 311 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market bounce
Trading closed on the Jamaica Stock Exchange Junior Market Friday with the volume of stocks traded declining 22 percent after 37 percent less funds entered the market compared to trading on Thursday, leading the market index to gain just 15.96 points to 4,120.05, with fewer shares rising as falling.
Trading resulted in only 35 securities changing hands, down from 41 on Thursday and ended with 11 rising, 14 declining and ten closing unchanged.
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 years closing up to the end of August 2023
A total of 4,622,684 shares were traded for $18,728,840, down from 5,929,550 units at $29,697,652 on Thursday. Trading averaged 132,077 shares at $535,110 compared to 144,623 shares at $724,333 on Thursday, with the month to date, averaging 395,085 units at $1,705,419 compared to 406,842 units at $1,757,732 on the previous trading day. April closed with an average of 449,923 units at $1,781,786.
Future Energy Source led trading with 829,151 shares for 17.9 percent of the total volume, followed by JFP Limited with 587,666 units for 12.7 percent of the day’s trade and Tropical Battery with 456,605 units for 9.9 percent market share.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dipped 10 cents to $3.50, trading 3,874 shares, CAC 2000 lost $1.09, in ending at $6.31, with 2,500 units changing hands, Caribbean Flavours declined 23 cents to close at $1.72 with the swapping of 9,068 stocks. Derrimon Trading shed 19 cents in closing at $3 with an exchange of 166,263 stock units, Elite Diagnostic fell 20 cents to end at $3.60, with 7,516 stock units crossing the market, Express Catering rose 43 cents to $5.93 in exchanging 14,791 units. Fontana increased 10 cents to end at $9.90 after finishing trading of 157,880 shares, Honey Bun climbed 20 cents to close at $9.20 in an exchange of 4,933 stocks, Indies Pharma rallied 16 cents to $3.16 with 89,947 stocks changing hands. 
Jetcon Corporation advanced 28 cents to $1.60 in exchanging 14,516 shares, Knutsford Express gained 20 cents to close at $7.70 after trading 2,537 units, Lasco Distributors shed 12 cents in closing at $3.37 after 17,692 stock units crossed the exchange. Main Event popped 19 cents ending at $8.39, with 11,900 units changing hands, Spur Tree Spices fell 10 cents to $3.70, with 283,924 stocks clearing the market and Stationery and Office Supplies dropped 40 cents to $10.60 while exchanging 4,950 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE stocks bouncing off early week fall
Stocks bounced again on Friday following Thursday’s gains after prices fell on the first three days of the week as investors sought funds to purchase the attractive priced Dolla Financial Initial Public Offer that opened today. The Junior and Main Market indices recorded gains leading to the JSE Combined Index to rise 777.05 points to 399,666.18.
The All Jamaican Composite Index rose 1,636.39 points to 443,816.22, the JSE Main Index added 678.54 points to close at 387,816.69, the Junior Market of the Jamaica Stock Exchange, badly bruised in the first half of the week, gained 15.96 points to close at 4,120.05 and the JSE USD market index slipped 0.41 points to 209.77.
Investors exchanged 18,363,886 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $98.2 million and in the JSE USD market, US$727.
The market’s PE ratio ended at 24.4 based on 2021-22 earnings and 13 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.
