Trading on Friday ended with the volume of shares changing hands declining by 62 percent and the value down 93 percent from the trades on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in six securities trading up from three on Thursday, with four declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 1.34 points to end at 205.51.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8 based on ICInsider.com earnings forecasts for the 2022-3 fiscal year.
A total of 620,900 shares traded for US$10,173, down from 1,651,866 units at US$148,611 on Thursday. Trading averaged 103,483 units at US$1,695, versus 550,622 shares at US$49,537 on Thursday. 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 no stock with a lower offer.
At the close, First Rock Capital USD share declined 0.05 of a cent in closing at 7.9 US cents, with 14,103 shares clearing the market, Margaritaville ended at 16 US cents, with 2,000 stock units crossing the exchange, Proven Investments dropped 2.46 cents to 23.04 US cents after trading 15,349 units. Sygnus Real Estate Finance USD share fell 0.04 of a cent to 15.92 US cents after 500 stocks changed hands and Transjamaican Highway lost 0.01 of a cent to end at 0.93 of one US cent after trading 588,947 units.
In the preference segment, JMMB Group 5.75% remained at US$2.03 after just one stock unit was exchanged.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD market
JSE markets slip into April
Stocks traded down at the close of the Jamaica Stock Exchange on Friday, with all three Main Market indices closing lower, with the Junior Market joining forces. The Combined Index fell 1,697.80 points to 402,082.92, the All Jamaican Composite Index dropped 1,990.84 points to 440,667.38, the JSE Main Index shed 2,207.57 points to end at 389,773.53 while the Junior Market fell 37.43 points to 4,185.90.
The market’s PE ratio ended at 22 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.
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.