Stocks ended with losses at the close of trading on the Jamaica Stock Exchange on Tuesday with the Combined Index falling 1,327.32 points to 403,433.65, the All Jamaican Composite Index added 111.44 points to end at 446,300.87.
The Junior Market gained 14.23 points to close at 3,940.52 and the JSE Main Index dropped 1,550.37 points to end at 393,538.93.
The market’s PE ratio ended at 17.7 based on 2021-22 earnings and 11.8 times those for 2022-23 at the close of market activity on 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 along with the more detailed daily report charts, provides 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. 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. 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.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure. 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.
Mixed trading for Jamaican stocks on Tuesday
Trading picks up for JSE USD Market
Trading ended Monday with the volume of shares changing hands declining 39 percent, with 12 percent lower value than on Friday, at the close of the Jamaica Stock Exchange US dollar market, resulting in slightly more stocks rising than falling.
A total of 11 securities traded, up from nine on Friday with four rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index gained 1.10 points to end at 205.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.7 for the market. The PE ratio is computed using ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 279,179 shares traded for US$46,660 down from 460,642 units at US$53,004 on Friday. Trading averaged 25,380 units at US$4,242, compared to 51,182 shares at US$5,889 on Friday and month to date an average of 92,110 shares at US$4,465 versus 100,002 units at US$4,492 on the previous trading day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share advanced 0.5 of a cent in ending at 7.5 US cents in an exchange of 1,993 shares, Margaritaville declined 4 cents to end at 20 US cents after exchanging 150 stocks, MPC Caribbean Clean Energy gained 6 cents to end at US$1.26 trading 23 stock units. Proven Investments lost 0.01 of a cent in closing at 22.99 US cents after 21,104 units changed hands, Sterling Investments ended at 2.38 US cents while exchanging 10,626 units, Sygnus Credit Investments USD share shed 0.01 of one cent to 12.83 US cents in trading 5,252 stocks. Sygnus Real Estate Finance USD share ended unchanged at 13 US cents in switching ownership of 176,401 stock units and Transjamaican Highway finished at 0.89 US cents, with 55,005 shares crossing the exchange,
In the preference segment, Eppley 6% preference share climbed 14.7 cents in closing at US$1.127, with 35 shares crossing the market, JMMB Group 5.75% finished at US$2.09 after exchanging 8,000 stock units and JMMB Group 6% rallied 10 cents to US$1.10 after 590 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaican stocks closed mixed on Monday
Stocks closed mixed on the Jamaica Stock Exchange on Monday leaving the Combined Index with a rise of 340.71 points to end at 404,760.98, the All Jamaican Composite Index declined 1,542.16 points to end at 446,189.43, the Junior Market opened trading at 3,975 points up from Friday’s close of 3,874.34 and gained 51.94 points to close at 3,927 after paring back early morning gains to trade down to 3,904.27 points by 11 am and the JSE Main Index lost 124.48 points to end at 395,089.30.
The market’s PE ratio ended at 17.6 based on 2021-22 earnings and 11.8 times those for 2022-23 at the close of market activity on 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 along with 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. 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. This approach helps to take emotions out of the investment decision and at the same time not be too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also 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.
Junior Market set to consolidate
The Junior Market traded at a high of 4,075 points on Monday last week and then pulled back 242 points to 3,833 points before bouncing on Friday. The movement down on Thursday hit a support point as shown by the red line, from which it bounced, having moved to resistance just over 4,000 points.
With most Junior Market companies reporting fourth quarter results the market may be helmed in between the recent high and low points. While Bank of Jamaica has pushed up their Over Night rate to 4 percent effective on Monday, moderating inflation for the past three months compared to a huge 16 percent per annum increase between May and October last year, suggests that the interest rate hike might be at an end, with the next move likely to be lower than higher, but that is likely to take months.
JSE USD market slips in moderate trading
Trading ended on Friday, with 1,317 percent more shares changing hands with 106 percent higher value than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in slightly stocks rising than falling.
A total of nine securities traded, compared to seven on Thursday with two rising, one declining and six ending unchanged. The JSE US Denominated Equities Index lost 2.35 points to end at 205.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 460,642 shares traded, for US$53,004 up from 32,516 units at US$25,678 on Thursday.
Trading averaged 51,182 units at US$5,889, compared to 4,645 shares at US$3,668 on Thursday and month to date averages 100,002 shares at US$4,492 versus 105,233 units at US$4,342 on the previous day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7 US cents while exchanging 2,088 shares, Margaritaville gained 5 cents ending at 24 US cents in trading 680 stocks, Proven Investments remained at 23 US cents after 190,092 units crossed the exchange. Sterling Investments climbed 0.03 of a cent cents in closing at 2.38 US cents, with 1,211 stock units changing hands, Sygnus Credit Investments USD share fell 0.01 of a cent to close at 12.84 US cents after trading 7,002 units, Sygnus Real Estate Finance USD share finished at 13 US cents with 18,620 shares changing hands. Transjamaican Highway finished at 0.89 US cents, with 236,201 stock units clearing the market.
In the preference segment, JMMB Group 5.75% preference share remained at US$2.09 after exchanging 250 stocks and JMMB Group 6% preference share ended unchanged at US$1, with 4,498 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaican stocks bounce on Friday
Stocks rallied on the Jamaica Stock Exchange on Friday leaving the Combined Index with a gain of 1,646.44 points to end at 404,420.26, the All Jamaican Composite Index rose 1,052.94 points to 447,731.60, the Junior Market recovered 66.77 points of the 226 points lost over the previous three days in closing at 3,874.34 and the JSE Main Index picked up 1,370.17 points to end at 395,213.78.
The market’s PE ratio ended at 17.6 based on 2021-22 earnings and 12.3 times those for 2022-23 at the close of market activity on 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 along with 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, buy investing in stocks that are close to the average for the sector and not go too far from it unless there are compelling reasons to do so. Investments with prices of a stock are close to the average, will find that they are not inclined to overpay for a stock. This approach helps to take emotions out of the investment decision and put in of fundamentals at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also 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 time income or expense. The PE Ratio is the most popular measure used to determine the value of stocks.