Market activity ended on Thursday, with the volume of shares trading rising after trading 140 percent more and the value 123 percent higher than on Wednesday on the Jamaica Stock Exchange Main Market as rising stocks exceeded were less than those declining.
The All Jamaican Composite Index gained 3,189.37 points to settle at 442,658.22, the JSE Main Index climbed 2,207.57 points to end at 391,231.96 and the JSE Financial Index increased 0.39 points to settle at 94.45.
Trading ended with 53 securities compared to 52 on Wednesday, with 26 rising, 13 declining and 14 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 17. 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 2022.
Overall, 44,141,890 shares were exchanged for $386,345,334 up from 18,362,000 units at $173,000,474 on Wednesday. Transjamaican Highway led trading with 14.58 million shares for 33 percent of total volume, followed by Radio Jamaica with 10.79 million units for 24.5 percent of the day’s trade, Pulse Investments with 5.81 million units for 13.2 percent market share, Wigton Windfarm ended with 4.97 million units for 11.3 percent market share and NCB Financial 1.05 million units for 2.4 percent market share.
Trading averages 832,866 units at $7,289,535, compared to 353,115 shares at $3,326,932 on Wednesday and month to date, an average of 610,787 units at $6,967,031, compared to 600,727 units at $6,952,422 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 18 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced 50 cents to end at $93.50, with 256,239 shares changing hands, Caribbean Cement rose 85 cents to $74.85 with 225,823 stock units clearing the market, Caribbean Producers climbed 40 cents in ending at $14.90 with the swapping of 65,196 units. Eppley Caribbean Property Fund rose $1.59 to close at $46.57 in exchanging 35,207 stocks, Guardian Holdings gained $5 in closing at $550 with 241 units crossing the market, Jamaica Broilers fell 43 cents to close at $29 crossing the exchange 130,463 stock units. Jamaica Producers shed $2.50 to $21.50 in an exchange of 41,816 stocks, Jamaica Stock Exchange popped 30 cents to $18.80, with an exchange of 49,241 shares, JMMB Group rallied $1 to end at $45 in switching ownership of 344,483 stocks. Massy Holdings climbed $1 in closing at $102 with 40,312 units changing hands, Mayberry Jamaican Equities increased 50 cents in closing at $8 after exchanging 49,600 shares, NCB Financial rose $4.50 to close at $119 with 1,048,784 stock units changing hands. PanJam Investment dropped $1.04 in ending at $65 after 205,860 stock units crossed the market, Proven Investments popped 68 cents to $36.30 trading 12,399 stocks, Salada Foods gained 35 cents to end at $6.45 in trading 17,255 shares. Scotia Group advanced $1.10 to $36.20 after trading 200,801 units and Seprod rallied 60 cents to end at $59.10 while exchanging 1,153 stocks units.
In the preference segment, Eppley 5% preference share declined 50 cents to $18.50 after an exchange of 200 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for all JSE USD traded stocks
Trading on the Jamaica Stock Exchange US dollar market ended Thursday, with the volume of shares changing hands rising 31 percent more than on Wednesday, with 45 percent less value, with just three securities traded in contrast to 10 on Wednesday with all three recording gains.
The JSE US Denominated Equities Index fell 1.68 points to end at 206.85.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
Overall, 1,651,866 shares traded, for US$148,611 compared to 1,260,940 units at US$271,991 on Wednesday. Trading averaged 550,622 units at US$49,537 compared to 126,094 shares at US$27,199 on Wednesday, with a month to date average of 59,258 shares at US$6,669 versus 49,161 units at US$5,788 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share increased 0.02 of a cent to 7.95 US cents with an exchange of 146,000 shares, Proven Investments popped 0.7 of a cent to 25.5 US cents, with 552,549 units clearing the market and Transjamaican Highway rose 0.04 of a cent in ending at 0.94 of one US cents, with 953,317 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE finishes off March with sharp rally
The Jamaica Stock Exchange ended trading on Thursday with all three Main Market indices rising to close out March. The Combined Index climbed 2,368.79 points to 403.780.72, the All Jamaican Composite Index jumped 3,189.37 points to 442,658.22 and the JSE Main Index climbed 2,207.57 points to end at 391,231.96 while the Junior Market jumped 34.01 points to 4,223.33.
The market’s PE ratio ended at 22.1 based on 2021-22 earnings and 12.8 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 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 trading surge ahead of month end
Trading surged on Wednesday on the Jamaica Stock Exchange US dollar market, with the volume of shares changing hands jumping 441 percent with the value 4,555 percent higher than on Tuesday, resulting in a bounce in the market index as rising stocks beat out those falling.
A total of 10 securities traded, compared to five on Tuesday, with five rising, three declining and two ending unchanged, leading the JSE US Denominated Equities Index to climb 4.66 points and land at 208.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years to the end of August 2022.
Overall, 1,260,940 shares traded, for US$271,991, up from 233,145 units at US$5,842 on Tuesday.
Trading averaged 126,094 units at US$27,199, compared to 46,629 shares at US$1,168 on Tuesday, with the month to date averaging 49,161 shares at US$5,788 versus 43,504 units at US$4,214 on the previous day. February ended with an average of 87,719 units for US$9,318.
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 gained 0.7 of a cent in closing at 7.93 US cents, with 142,294 shares crossing the market, Margaritaville ended unchanged at 16 US cents trading 11 units, Productive Business Solutions advanced 1.69 cents to US$1.055, with 172 stocks changing hands. Proven Investments rose 1.48 cents to close at 24.8 US cents as investors grabbed 1,042,844 stock units, Sterling Investments lost 0.17 of a cent to 2 US cents in an exchange of 2,500 shares, Sygnus Credit Investments USD share climbed 0.59 of a cent to 12.7 US cents in switching ownership of 5,388 stocks. Transjamaican Highway rallied 0.02 cents to end at 0.9 US cents in trading 67,530 units,
In the preference segment, Eppley 6% preference share declined 16.7 cents to close at 96 US cents after 97 stock units crossed the market, Equityline Mortgage Investment preference share fell 3 cents in closing at US$1.97 trading 99 stock units and JMMB Group 5.75% finished at US$2.03 with an exchange of 5 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market drops & recovery for Main Market
The Jamaica Stock Exchange ended trading on Wednesday with all three Main market gaining indices rising at the close, with the Combined Index climbing 2,582.90 points to close at 401,411.93, the All Jamaican Composite Index Jumped 4,746.65 points to close at 439,468.85 and the JSE Main Index 3,384.50 points to end at 389,024.39 while the Junior Market dived 65.96 points to 4,189.32.
The market’s PE ratio ended at 22.1 based on 2021-22 earnings and 12.7 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 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.
No stock gained on JSE USD market
The Jamaica Stock Exchange, US dollar market, closed on Tuesday, with the volume of shares trading climbing 26 percent but with a 49 percent fall in value compared to Monday as five securities traded, compared to seven on Monday with none rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index gained 0.33 points to end at 203.87.
The PE Ratio, a measure used in computing appropriate stock values, averages 14. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
Overall, 233,145 shares traded for US$5,842 compared to 185,493 units at US$11,351 on Monday. Trading averaged 46,629 units at US$1,168 versus 26,499 shares at US$1,622 on Monday, with the month to date averaging 43,504 shares at US$4,214 versus 43,385 units at US$4,330 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share lost 0.7 of a cent to end at 7.23 US cents after trading 9,537 shares, Proven Investments ended at 23.32 US cents in exchanging 8,547 units, Sterling Investments fell 0.12 of a cent in closing at 2.17 US cents, with 4,270 stocks crossing the exchange. Sygnus Credit Investments USD share shed 0.78 of one cent to 12.11 US cents, trading 10,818 shares and Transjamaican Highway remained at 0.88 of a US cent in switching ownership of 199,973 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.