Trading on Wednesday on the Jamaica Stock Exchange US dollar market ended with the volume of shares changing hands declining 64 percent, with 32 percent less than on Tuesday and resulted in five securities traded, compared to nine on Tuesday with none rising, three falling and two ending unchanged.
The JSE US Denominated Equities Index dropped 10.72 points to end at 203.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending in August 2023.
51,502 shares traded for US$12,484 compared to 144,543 units at US$18,342 on Tuesday. Trading averaged 10,300 units at US$2,497 compared to 16,060 shares at US$2,038 on Tuesday, with month to date average of 100,209 shares at US$4,194 versus 103,864 units at US$4,263 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 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 7.9 US cents with 82 shares clearing the market, Productive Business Solutions declined 16 cents to close at US$1.03 after exchanging 31 stocks, Proven Investments shed 0.89 of a cent to end at 24.11 US cents in swapping 48,279 units. Sygnus Credit Investments USD share ended unchanged at 12.9 US cents, with 2,610 stock units crossing the exchange and Sygnus Real Estate Finance USD share fell 2.62 cents in closing at 12.07 US cents with the swapping of 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE USD market
New Junior Market record & Majors rise
The Junior Market rose 15.34 points to end at a new record close of 4,399.56 while Main Market made a marginal recovery but the JSE USD market lost much ground. At the close, the JSE Combined Index added 2,845.48 points to close at 412,069.67.
The All Jamaican Composite Index gained 1,335.55 points to close at 455,179.03, the JSE Main Index rose 2,893.91 points to end at 398,414.13 and the JSE USD market index slipped 10.72 points to 213. 99.
Trading results in 27,412,394 shares trading in all markets. The value of stocks exchanged in the Main and Junior markets amounts to $142.7 million and the JSE USD market amounts to US$12,484.
The market’s PE ratio ended at 25.2 based on 2021-22 earnings and 13.9 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.
Trading picks up on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market on Tuesday ended with the volume of shares changing hands rising 15 percent as 174 percent more funds went after stocks than on Monday, resulting in nine trading compared to seven on Monday, with none rising, two declining and seven ending unchanged.
The JSE US Denominated Equities Index dipped 0.06 points to end at 224.71.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years closing by the up to the end of August 2023.
Overall, 144,543 shares traded for US$18,342 compared to 125,525 units at US$6,699 on Monday.
Trading averaged 16,060 units at US$2,038, compared to 17,932 shares at US$957 on Monday, with a month to date average of 103,864 shares at US$4,263 versus 110,796 units at US$4,439 on the previous day. March averaged 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none closed with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.9 US cents, with 2,240 shares traded, Margaritaville finished at 16 US cents in exchanging 246 stocks, MPC Caribbean Clean Energy remained at US$1.26 after one share crossed the market. Productive Business Solutions remained at US$1.19 after 43units changed hands, Proven Investments ended at 25 US cents while exchanging 65,131 stocks, Sterling Investments lost 0.12 of a cent in ending at 2.1 US cents after trading 5,210 units. Sygnus Credit Investments USD share finished at 12.9 US cents with an exchange of 7,183 shares, Sygnus Real Estate Finance USD share shed 0.01 of a cent in closing at 14.69 US cents after trading 500 units and Transjamaican Highway ended unchanged at 1.06 US cents with 63,989 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New Junior Market record Majors drop
The Junior Market rose 35.96 points to end at another record close of 4,384.22 after the market passed 4,402 points in early trading. Main Markets gave back more points on Tuesday following declines on Monday. At the close, the JSE Combined Index dropped 3,457.66 points to close at 409,224.18.
The All Jamaican Composite Index shed 3,688.91 points to close at 453,843.48, The JSE Main Index dropped 4,034.35 points to end at 395520.22 and the JSE USD market index slipped 0.06 points to 224.71.
Trading resulted in 29,845,330 shares trading in all markets and resulting in the value of stocks trading in the Main and Junior markets amounting to $195.8 million and the JSE USD market amounting to US$18,343.
The market’s PE ratio ended at 24.9 based on 2021-22 earnings and 13.8 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.
Gains for JSE USD market
A total of seven securities traded, compared to six on Friday with three rising, two declining and two ending unchanged. The JSE US Denominated Equities Index gained 1.28 points to end at 224.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, to the end of August 2023.
Overall, 125,525 shares traded, for US$6,699 compared to 213,719 units at US$4,901 on Friday. Trading averaged 17,932 units at US$957, compared to 35,620 shares at US$817 on Friday, with month to date average of 110,796 shares at US$4,439 versus 116,871 units at US$4,666 on the previous day. March ended with an average of 59,258 units for US$6,669.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.