Trading on the Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of shares trading surging 2,380 percent over Thursday’s level with a 361 percent greater value, resulting in more stocks rising than falling.
A total of 10 securities traded, up from seven on Thursday, with three rising, one declining and six ending unchanged.
The JSE US Denominated Equities Index gained 3.51 points to end at 224.94.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
A total of 4,110,461 shares were traded, for US$49,816 compared to 165,771 units at US$10,795 on Thursday.
Thursday. Trading averaged 411,046 units at US$4,982, compared to 23,682 shares at US$1,542 on Thursday, with month to date average of 138,341 shares at US$5,403 versus 101,489 units at US$5,460 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share finished at 7.95 US cents after trading 387 shares, Margaritaville ended unchanged at 16 US cents after exchanging 2,022 stock units, MPC Caribbean Clean Energy remained at US$1.26 after trading just one unit. 
Productive Business Solutions ended at US$1.19 in an exchange of two units, Proven Investments fell 0.01 of a cent in closing at 24.99 US cents after exchanging 6,944 stock units, Sterling Investments rallied 0.24 of a cent to 2.24 US cents in clearing the market with 7,830 stocks. Sygnus Credit Investments USD share gained 0.44 of one cent in closing at 12.89 US cents with 16,836 shares changing hands, Sygnus Real Estate Finance USD share remained at 14.7 US cents with an exchange of 182 units and Transjamaican Highway rose 0.13 of a cent to close at 1.11 US cents with the swapping of 4,075,625 shares.
In the preference segment, JMMB Group 6% finished at US$1.1385 in trading 632 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in JSE USD market trade
JSE Main Market closes up
Market activity ended on Tuesday, with the volume of shares trading declining by 80 percent, with a sharp 89 percent drop in value than trading on Thursday on the Jamaica Stock Exchange Main Market as declining stocks exceeded those that rose.
The All Jamaican Composite Index rose 1,364.08 points to settle at 450,589.27, the JSE Main Index gained 996.90 points to end at 395,483.75 and the JSE Financial Index rallied 0.25 points to settle at 93.67.
Trading ended with 58 securities compared to 60 on Thursday, with 21 rising, 27 declining and 10 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.5. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to the end of August 2023.
Overall, 14,387,651 shares were exchanged for $140,647,485 versus 70,371,025 units at $1,275,443,556 on Thursday. Transjamaican Highway led trading with 5.85 million shares for 40.6 percent of total volume, followed by Wigton Windfarm, 2.70 million units for 18.8 percent of the day’s trade and Sagicor Select Financial Fund with 1.45 million units for 10.1 percent market share.
Trading averaged 248,063 units at $2,424,957, down from 1,172,850 shares at $21,257,393 on Thursday and month to date, an average of 717,999 units at $7,333,227 versus 765,733 units at $7,831,791 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement lost 79 cents to close at $71.20 after exchanging 26,049 shares, Eppley fell 35 cents to $42.50 trading 562 stock units, Eppley Caribbean Property Fund climbed 60 cents ending at $45, with 15 units clearing the market. strong>GraceKennedy rallied $5.19 in closing at 52 weeks’ closing high of $110 after 689,281 stocks crossed the market, Jamaica Broilers dropped 53 cents to end at $28.47 in trading 9,662 stock units, Jamaica Stock Exchange shed 73 cents to $23.25 with the swapping of 124,594 stocks. JMMB Group declined 36 cents to close at $45.89 in trading 354,055 units, Kingston Wharves declined $1.20 in closing at $40.50 in an exchange of 1,578 shares, Margaritaville dropped 50 cents to end at $25.50 in switching ownership of 21 units. Massy Holdings shed 98 cents in ending at $98.02 with 21,253 stock units changing hands, Mayberry Investments advanced 30 cents to close at $7.50 after trading 53,548 shares, NCB Financial lost $7.75 to $109.25, with 47,497 stocks changing hands. 
Portland JSX fell $2.44 in closing at $8.56, with 56 stock units crossing the exchange, Proven Investments gained 30 cents to end at $38.50 while exchanging 21,365 shares, Sagicor Group lost $1.58 to end at $55.40 in an exchange of 6,625 stocks and Wisynco Group rose 80 cents to close at $24 after trading 184,605 units.
In the preference segment, 138 Student Living Preference shares jumped $1.44 to end at $16.50 after exchanging 75 stocks, Eppley 7.25% Preference share declined 49 cents to $22.50 in trading just one unit and Productive Business Solutions 9.75% Preference share shed $11.20 in closing at $106.50 with an exchange of just two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New record close for Junior Market
The Jamaica Stock Exchange Junior Market continues to hit new highs as the market index crossed over the 4,300 points mark in early trading on Tuesday but ended lower as to end at a record closing high of 4,268.73 after recording a gain of 15.47 points at the close.
A new record closing high for the JSE Junior Market.
Market activity led to 43 securities trading similar to trading on Thursday and ended with 17 rising, 20 declining and six closing unchanged. AMG Packaging, Elite Diagnostic and iCreate all ended at new 52 weeks’ closing highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 13. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2023.
Trading closed on Tuesday, with the volume of stocks traded declining 82 percent and the value dropping by 84 percent versus Thursday and ended with 10,723,885 shares traded for $37,772,473, down from 59 575,175 units at $234,063,113 on Thursday. Elite Diagnostic led trading with 1.67 million shares for 15.6 percent of total volume, followed by Derrimon Trading with 1.41 million units for 13.1 percent of the day’s trade and iCreate, 1.17 million units for 10.9 percent market share.
Trading averaged 249,393 shares at $878,430 versus strong>1,385,469 shares at $5,443,328 on Thursday with the month to date, averaging 490,882 units at $1,822,024 compared to 515,088 units at $1,916,603 on the previous trading day. March closed with an average of 719,276 units at $2,636,802.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial dropped 50 cents to $21.50 in switching ownership of 858 shares, AMG Packaging rose 30 cents to end at a 52 weeks’ closing high of $4 after trading 572,834 stocks after trading at an intraday record high of $4.50, following the release of a continued surge in profit for the current fiscal year. Blue Power lost 49 cents in closing at $3.60 in exchanging 246 units. CAC 2000 advanced 50 cents to close at $7.50, with 71 stock units clearing the market, Cargo Handlers fell 85 cents to $10.15 with 332 shares changing hands, Caribbean Cream increased 20 cents to end at $5, with 91,196 stocks changing hands. Dolphin Cove declined $1.12 to $21.75 in trading 171,740 stock units, Elite Diagnostic rallied 93 cents in closing at 52 weeks’ high of $4.60 with the swapping of 1,669,094 units, Express Catering shed 21 cents to close at $6.22 after exchanging 36,254 stocks. Fosrich dropped 11 cents to $22 after finishing trading 10,434 units, Honey Bun popped 25 cents in closing at $9.85after exchanging 11,638 stock units, iCreate gained 26 cents to close at a 52 weeks’ high of $1.62 after trading 1,167,102 shares. Indies Pharma climbed 15 cents in ending at $3.15 with an exchange of 51,451 shares, ISP Finance shed 45 cents to close at $29.50, with 20 stocks crossing the market, Jamaican Teas fell 13 cents to end at $3.41 while exchanging 489,230 stock units. 
Lasco Manufacturing declined 20 cents to $5, with 158,121 units crossing the market, Main Event popped 15 cents to $8 in an exchange of 18,153 units, Paramount Trading increased 42 cents in closing at $2.18 in exchanging 800,157 stocks after the company posted nine months results showing continued improvement in earnings. Tropical Battery gained 17 cents to close at $2.68 in switching ownership of 503,264 stock units and tTech lost 20 cents in ending at $3.80 after 2,218 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Record high for Junior Market & JSE majors gain
After closing for the long weekend following the two-day break for Easter celebrations, trading on the Jamaica Stock Exchange resumed on Tuesday with all markets closing higher, with the Junior Market hitting an intraday high of 4,300.73, just below the record intraday high of 4,303.77 reached on April 13, this year, before the market index ended at a new closing record high after the market rallied 15.46 points to end at 4,268.73 and helped the JSE Combined Index to add 1,070.71 points in ending at 408,164.44.
The All Jamaican Composite Index gained 1,364.08 points to 450,589.27, the JSE Main Index rose 996.90 points to 395483.75 and the JSE USD market index popped 3.50 points to end at 224.94.
The market’s PE ratio ended at 23.3 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 make use of 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.
Knutsford Express revenues & profit nearing normal
Knutsford Express, the Montego Bay based cross country luxury transport, is set to deliver increased revenues and profit for the fiscal year to May, compared to 2021, but the results will be far from normal levels, nine months’ results to February show.
Revenues and profit for the third quarter reveal that things are not far from normal, following the economic fallout in 2020 from the impact of the covid-19 virus. Revenues for the nine months rose 70 percent to $775 million from $456 million in 2021 and delivered a profit of $52 million, a big turnaround from a loss of $55 million in 2021, but the third quarter numbers saw revenues jumping 63 percent to $301 million from $185 million same the similar quarter in 2021 with a profit of $37 million compared to a slight loss of $1 million.
Knutsford Express
Revenues in the latest quarter are just 5 percent below the $318 million generated in the February 2020 quarter when the company reported a profit of $40 million before tax and for the nine months with revenues then, of $925 million or 20 percent higher than the current period, with a profit of $113 million before tax.
Administrative and other operating costs rose 39 percent from $515 million in the nine months to February 2021 to $716 million in 2022, with the third quarter ending with $258 million, up 38 percent versus $187 million in 2021. Depreciation rose from $87 million for the nine months in 2021 to $107 million in 2022. Finance cost amounts to $7 million in the 2022 latest quarter against $4 million in 2021 and year to date $17 million, compared to $11.4 million in 2021.
Gross cash flow brought in $190 million, a $144 million addition to fixed assets offset by loan inflows of $50 million, increased payables and dividends paid of $40 million, resulting in cash on hand at the beginning of the period of $132 million falling by $36 million.
At the end of February, shareholders’ equity stood at $845 million, with long term borrowings at $223 million and short term debt at $21 million. Current assets ended the period at $357 million, including trade and other assets of $103 million, cash and equivalent of $236 million. Current liabilities amount to $94 million at the close of the period and net current assets of $263 million.
Earnings per share for the quarter was 8 cents and 9 cents for the nine months. ICInsider.com projections suggest earnings per share for the fiscal year to May at 20 cents and 2023 at 50 cents.
The February quarter results fall in a period when tourism flows to the country were down around a third compared with the 2020 period, suggesting a better period ahead for traffic as the company benefitted from patronage from visitors coming into the island. Accordingly, the coming fiscal year should see the company’s revenues and profit bouncing sharply over that of the current fiscal year.
The stock last traded on the Junior Market of the Jamaica Stock Exchange at $7.99, with a PE of 40 versus the market average of 24, the PE falls to 16 versus 13 for the market.
Rate hike pushes earnings higher at Scotia
If there was much competition in the banking sector in Jamaica, Scotia Group would be on its way out of business, unless they mended the poor service there are currently dishing out to customers.
Scotia Group stock could deliver handsomely in 2022.
The banking arm is delivering some atrocious customer service of late such as bouncing cheques for no funds when such accounts were adequately funded. Customers can’t get the use of the transfer of funds feature, for the credit cards are expired but no one within the bank advises of the expiration and the availability of the new card. Even when communication is made, with the bank, months pass without action. What about tokens that don’t work, leading to a nightmare trying to get the problem resolved. The service has rotted recently and they need to do something about it fast.
Though the service has gotten lousy of late and some may say it never was good, investors may find positives that they can profit from, at least that is what the group’s first quarter results to January this year show, thanks partly to the action by the country’s central bank. Most investors would not come to that conclusion from the net profit for the quarter compared to that in 2021, for while the 2021 quarterly profit came in at $1.75 billion, the latest results were only up marginally by $34 million to $1.784 billion. On the surface, there is nothing to get excited about, but closer examination tells a different story.
The results were vastly better than the $1.12 billion reported for the October quarter which suffered from a big drop in revenues. Loans fell in the quarter from $208 billion at the end of October to $201 billion at the end of January while investable funds grew to $339 billion from $321 billion at the end of October but net interest income climbed to $6.16 billion from $5.7 billion in the October quarter coming from a rise in gross interest income of $454 million quarter over quarter. Interest cost was static at $452 million. There was a strong improvement in net fee and commission income that rose from $1.1 billion in the October quarter to $1.5 billion but was a bit lower than the $1.67 billion in the January 2021 period, other revenues dropped from $973 million to $295 million in the latest quarter compared to January 2021.
Net interest income increase “was primarily attributable to an increase in interest earned on the investment portfolio and improved retail loan performance,” Scotia Group reported in their release of the quarterly results.
Audrey Tugwell Henry Scotia group’s CEO
Since the end of January, the Bank of Jamaica hiked the overnight rate to 4.50 percent from 2.5 percent, this move will drive an increase in net interest income for the group as the cost of funds will remain fairly flat while investments income balloons.
Expected credit losses on loans rose from $430 million in 2021 to $569 million in the January quarter this year but show an improvement over the $819 million in the October quarter. Net interest income after credit losses rose to $5.6 billion from $5.4 billion in 2021. Net fees and other income fell from $5.44 billion in the January 2021 quarter to $4.78 billion in 2022, resulting in a total net income of $10.37 billion, down from $10.8 billion in 2021.
Lower costs helped with the 2022 results, with expenses falling to $6 billion from $6.5 billion, net of asset tax of $1.36 billion in 2022 versus $1.26 billion in 2021, Other operating costs fell by $500 million from January 2021 to $2.8 billion in 2022.
Other comprehensive income shows an unrealized loss of $1 billion on investments compared to just $123 million in the 2021 first quarter.
Segment results provide another view of developments within the group that could point to the way forward. The Treasury segment delivered 22.4 percent more revenues from third parties to hit $763 million with a profit before tax of $138 million up from $120 in 2021. The retail division suffered a decline of 15 percent, with revenues from third parties hitting $4.57 billion from $5.38 billion in 2021 resulting in profit before tax of $103 million, down sharply from $492 million in 2021. Corporate and Commercial Banking pulled in net income of $2.7 billion, down from $2.8 billion, with profit surging to $1.44 billion versus $967 million in 2021. Investment Management pulled in $822 million in revenues with a profit of $404 million, from revenues of $878 million in 2021 with a profit of $718 million. The insurance division raked in $1.33 billion in revenues up from $984 million, with profit jumping to $857 million from $567 million. The segment classified as Other, generated revenues of $217 million and a profit of $175 million and delivered revenues of just $83 million and a profit of $30 million in 2022.
The Group’s assets grew by $38 billion or 6.9 percent to $591 billion at January 2022. This was predominantly, a result of the growth in cash resources of $42 billion or 32.4 percent due to increased deposits and places the group in a good position to expand the loan portfolio when demands pick up, with the resurgence now taking place in the wider economy.
A dividend of 35 cents per stock unit in respect of the first quarter, was approved for payment on April 20 to stockholders on record as of March 29.
Trading jumps but Main Market index drops
Market activity ended on Thursday, with the volume of shares trading declining by 26 percent with a 28 percent higher value than on in trading 0n Wednesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those falling.
The All Jamaican Composite Index lost 953.08 points to settle at 449,225.19, the JSE Main Index fell 1,195.68 points to close at 394,486.85 and the JSE Financial Index slipped 0.01 points to 93.42. Trading ended with 60 securities against 59 on Wednesday, with 26 rising, 23 declining and 11 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 14.7. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending between August 2022 and August 2023.
Overall, 70,371,025 shares were exchanged for $1,275,443,556 versus 95,428,562 units at $992,647,318 on Wednesday. Jamaica Stock Exchange led trading with 48.03 million shares for 68.3 percent of total volume, followed by Wigton Windfarm with 5.61 million units for 8 percent of the day’s trade and Transjamaican Highway ended with 3.96 million units for 5.6 percent market share.
JMMB Group 7.35% – 2028 closed with 2.79 million units for 4 percent market share, 138 Student Living ended with 2.04 million units for 2.9 percent market share and Pulse Investments exchanged 1.27 million units for 1.8 percent market share.
Trading averages 1,172,850 units at $21,257,393 versus 1,617,433 shares at $16,824,531 on Wednesday and month to date, an average of 765,733 units at $7,831,791 compared to 717,931 units at $6,255,399 on the previous trading day. March closed with an average of 610,787 units at $6,967,031.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints shed 87 cents to close at $11.60, with 4,512 shares crossing the exchange, Caribbean Cement increased 35 cents to end at $71.99 in trading 3,528 stocks, Caribbean Producers climbed 20 cents to $18.40, with 121,072 units clearing the market. Eppley gained 85 cents in ending at $42.85 and closed after 436 stock units were traded, Eppley Caribbean Property Fund lost 60 cents to $44.40 in switching ownership of 4,000 stock units, GraceKennedy fell 59 cents to $104.81 after 235,955 stocks changed hands. Jamaica Producers popped 64 cents in closing at $23, trading 11,143 units, JMMB Group dropped 85 cents in ending at $46.25 with an exchange of 1,198,543 shares, Kingston Wharves rose 70 cents to close at $41.70 while exchanging 13,294 stock units. Massy Holdings declined $1 to end at $99, with 22,492 shares changing hands, Mayberry Investments advanced 30 cents to close at $7.20, with 228,978 stocks crossing the market, MPC Caribbean Clean Energy lost $3 to close at $111 after exchanging 184 units. 
NCB Financial rallied $9.15 to end at $117, with 25,463 units crossing the market, Proven Investments rose $1.20 in closing at $38.20 after exchanging 1,800 stocks, Sagicor Group increased $1.98 to $56.98 in an exchange of 7,639 stock units. Scotia Group dropped $1.88 in ending at $35 after exchanging 93,519 shares, Seprod climbed 88 cents to end at $61.98 with the swapping of 6,700 units, Supreme Ventures declined 51 cents in closing at $24.49 in an exchange of 362,832 stock units and Wisynco Group shed $1.10 to close at $23.20 after trading 700,949 shares.
In the preference segment, 138 Student Living Preference shares fell $1.44 to $15.06, clearing the market with 133 stocks, Eppley 5% preference share lost $1 to $21, changing hands 301 units. Eppley 7.50% preference share rallied 70 cents in closing at $6.61, crossing the market 150 stock units and Eppley 7.75% preference share advanced 40 cents ending at $20.40 in trading 301 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD market
Trading on Thursday ended with the volume and the value of stocks changing hands declining 28 percent and 80 percent, respectively, at the close of the Jamaica Stock Exchange US dollar market, compared to Wednesday and resulted in an even number of stocks rising than falling.
Seven securities were traded versus six on Wednesday, with one rising, three declining and three ending unchanged. The JSE US Denominated Equities Index lost 0.20 points to end at 221.43.
The PE ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial year ending up to August 2023.
Overall, 165,771 shares traded for US$10,795 down from 230,992 units at US$54,610 on Wednesday. Trading averaged 23,682 units at US$1,542, compared to 38,499 shares at US$9,102 on Wednesday, with the month to date averaging 101,489 shares at US$5,460 versus 109,618 units at US$5,869 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share remained at 7.95 US cents with an exchange 1,238 shares, Margaritaville finished at 16 US cents in trading 124 units, Productive Business Solutions ended unchanged at US$1.19 while exchanging 653 stock units. Proven Investments rose 1 cent to close at 25 US cents with 13,416 stocks changing hands, Sterling Investments declined 0.25 of a cent to end at 2 US cents with 33,169 stock units crossing the market, Sygnus Credit Investments USD share shed 0.4 of a cent in ending at 12.45 US cents after an exchange of 41,171 shares and Transjamaican Highway dropped 0.07 of a cent to 0.98 of a US cent after trading 76,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading jumps ahead of holidays
Trading levels jumped on the Jamaica Stock Exchange Junior Market on Thursday, with the volume of stocks traded surging 383 percent and the value jumping 453 percent higher than on Wednesday, Jamaican Teas and EduFocal controlling 79 percent of the volume.
Jamaican Teas was the leading trade with 34 million shares on Thursday.
Market activity led to 43 securities trading compared to 44 on Wednesday and ended with 20 rising, 15 declining and eight closing unchanged. At the close, the Junior Market Index advanced 20.89 points to 4,253.26.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.2. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2023.
Overall, 59,575,175 shares were traded for $234,063,113 compared to 12,336,057 units at $42,328,019 on the Wednesday. Jamaican Teas led trading with 34 million shares for 57.1 percent of total volume, followed by EduFocal with 12.84 million units for 21.6 percent of the day’s trade and Honey Bun with 4.03 million units for 6.8 percent market share. Elite Diagnostic chipped in with 1.34 million units for 2.3 percent market share, Derrimon Trading, 1.25 million units for 2.1 percent market share and Tropical Battery ended with 1.06 million units for 1.8 percent market share.
Trading averaged 1,385,469 shares at $5,443,328 up from 280,365 shares at $962,000 on Wednesday with the month to date, averaging 515,088 units at $1,916,603 compared to 418,128 units at $1,523,729 on the previous trading day. Trading in March averaged 719,276 units at $2,636,802.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rose 11 cents to $22 with the swapping of 135,553 shares, AMG Packaging gained 15 cents in ending at $3.70 after exchanging 444,178 units, Blue Power rallied 49 cents to $4.09 trading 16,610 stocks. CAC 2000 shed 50 cents to end at $7 as 3,801 stock units were traded, Caribbean Assurance Brokers declined 10 cents to close at $2.60 while exchanging 89,226 stocks, Caribbean Cream dropped 19 cents to $4.80 in switching ownership of 7,655 stock units. Dolphin Cove climbed $1.07 to end at $22.87 in an exchange of 9,428 shares, Elite Diagnostic fell 12 cents to $3.67 after 1,344,708 units crossed the market, Express Catering popped 28 cents in closing at $6.43 after finishing trading of 12,500 shares. Fontana popped 90 cents to close at $10.90 in trading 84,769 units, Fosrich lost $1.69 to end at $22.11, with 68,399 stock units changing hands, Honey Bun dropped 35 cents to close at $9.60 after exchanging 4,026,875 stocks. iCreate advanced 16 cents in closing at a 52 weeks’ high of $1.36 after trading 773,133 shares, Indies Pharma advanced 15 cents to $3, with 83,580 units crossing the market, Jamaican Teas increased 10 cents ending at $3.54 after 34,000,140 stock units crossed the exchange but only after the price hit an intraday 52 weeks’ low of 43.01.
Jetcon Corporation rose 12 cents to end at $1.30, clearing the market with 468,547 stocks, KLE Group popped 10 cents in closing at $2.68 with an exchange of 24 shares, Main Event shed 29 cents to close at $7.85, with 119,562 units crossing the market. Stationery and Office Supplies rallied 68 cents in ending at $7.95 with the swapping of 218,236 stocks and tTech lost 13 cents to $4, trading 75 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors Market rises Main Market falls
The Junior Market closed higher at the close on Thursday, but the Jamaica Stock Exchange Main Market slipped with all three Main Market indices slipping. The JSE Combined Index lost 933.92 points to end at 407,093.73.
The All Jamaican Composite Index lost 953.08 points to 449,225.19, the JSE Main Index fell 1,195.68 points to 394,486.85. The Junior Market index rallied 20.89 points to end at 4,253.26 and the JSE USD market index slipped 0.20 points to end at 221.43.
The market’s PE ratio ended at 23.4 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 make use of 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.
