Trading fell on the Jamaica Stock Exchange US dollar market on Wednesday, with a 64 percent drop in the volume of stocks changing hands valued 58 percent lower than on Tuesday, the result from nine securities traded, similar to that on Tuesday with prices of four rising, two declining and three ending unchanged.
Overall, 91,439 shares were traded for US$9,740, down from 256,229 units at US$22,972 on Tuesday.
Trading averaged 10,160 units at US$1,082 versus 28,470 shares at US$2,552 on Tuesday, with month to date average of 34,442 shares at US$2,077 compared with 38,415 units at US$2,240 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index gained 4.02 points to end at 230.04.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
At the close, Margaritaville rallied 0.1 of a cent to 14.5 US cents in trading 28,413 shares, MPC Caribbean Clean Energy ended at 60 US cents after 15 units were transferred, Productive Business Solutions dipped 1 cent in closing at US$1.69 while exchanging ten stocks. Proven Investments rose 0.1 of a cent to 19.9 US cents with an exchange of 7,720 stock units, Sterling Investments advanced 0.1 of a cent to close at 2 US cents with a transfer of 2,400 units, Sygnus Credit Investments USD share ended at 10 US cents after 25,964 stocks were exchanged and Transjamaican Highway popped 0.07 of a cent in ending at 0.97 of one US cent with the swapping of 26,770 stock units.
In the preference segment, Productive Business 9.25% preference share ended at US$10.55, with 107 shares crossing the market and JMMB Group 6% dipped 4 cents to US$1.05 trading 40 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rallies
Trading rises on Jamaica Stock Exchange as prices fall
The value of stocks trading picked up on the Jamaica Stock Exchange on Wednesday well over the sub-par levels on Monday and Tuesday. However, the Main Market and the Junior Market indices declined and the JSE USD Market enjoyed a bounce.
Trading ended with an exchange of 21,678,787 shares compared with 16,753,008 units on Tuesday, with the value falling to $155.5 million from $57.5 million on the previous trading day. The JSE USD market ended with the value of stocks traded falling to US$9,740 from US$22,972 on Tuesday.
At the close, the Combined Market Index dived 3078.85 points to 354,103.21, the All Jamaican Composite Index dropped 3,634.92 points to 386,883.40, the JSE Main Index fell 2,841.02 points to 341,084.32, the Junior Market dived 46.69 points to end at 3,913.28 and the JSE US dollar market rose 4.02 points to close at 230.04.
The market’s PE ratio ended at 22.4 based on 2021-22 earnings and 13.3 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 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 down on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 52 percent and valued 65 percent lower than on Monday, resulting in nine securities traded, compared to eight on Monday, with one rising, five falling and three ending unchanged.
Overall, 256,229 shares were traded for US$22,972 down from 534,157 units at US$64,761 on Monday.
Trading averaged 28,470 units at US$2,552, versus 66,770 shares at US$8,095 on Monday, with month to date average of 38,415 shares at US$2,240 compared with 40,361 units at US$2,179 on the previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 5.76 points to end at 226.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than the last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share shed 0.02 of a cent after ending at 7.85 US cents after 5,042 shares passed through the market, Margaritaville climbed 0.4 of a cent to end at 14.4 US cents in exchanging 98,829 stocks, Productive Business Solutions ended at US$1.70 in switching ownership of 6 units. Proven Investments dropped 0.09 of a cent in closing at 19.8 US cents with a transfer of 35,252 stock units; Sterling Investments declined 0.16 of one cent to 1.9 US cents with the swapping of 4,898 units, Sygnus Credit Investments USD share remained at 10 US cents after exchanging 10,010 stocks and Transjamaican Highway dipped 0.07 of a cent to 0.9 of one US cent after 102,168 shares were transferred.
In the preference segment, JMMB Group 5.75% remained at US$1.7365 after a transfer of 5 stock units and JMMB Group 6% fell 1 cent to close at US$1.09 after finishing trading 19 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market trading falls
The value of stocks trading continues to be low on the Jamaica Stock Exchange, with value traded on Tuesday falling below Monday’s level, leading to a jump in the Junior Market index and modest increases for that of the Main Market and slippage for the JSE USD Market.
Trading ended with an exchange of 16,753,008 shares versus 16,619,413 units on Monday, with the value falling to $57.5 million from $68 million on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$22,972 down from US$74,761 on Monday.
At the close, the Combined Market Index popped 905.12 points to 357,182.06, the All Jamaican Composite Index rose 397.74 points to close at 390,518.32, the JSE Main Index gained 417.79 points to 343,923.34, the Junior Market jumped 56.12 points as it gave back some of the early trading gains to end at 3,959.97 and the JSE US dollar market fell 5.76 to 226.02.
The market’s PE ratio ended at 22 based on 2021-22 earnings and 13.3 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options 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 decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks 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 remove emotions from investment decisions 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 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 jumps for JSE USD Market
Trading picked up sharply on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks changing hands rising 92 percent and the value surging 472 percent more than on Friday, resulting in eight securities traded, compared to 13 on Friday with prices of four rising, three declining and one ending unchanged.
A total of 534,157 shares were traded for US$64,761, up sharply from 278,776 units at US$11,314 on Friday.
Trading averaged 66,770 shares at US$8,095 compared with 21,444 units at US$870 on Friday, with month to date average of 40,361 shares at US$2,179 compared with 34,801 units at US$934 on the trading previous day. December ended with an average of 39,679 units for US$1,494.
The JSE US Denominated Equities Index lost 2.03 points to end at 231.78.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 8.6. The PE ratio uses ICInsider.com earnings forecasts for financial years between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share climbed 0.11 of a cent to close at 7.87 US cents after a transfer of 441 shares, MPC Caribbean Clean Energy dipped 5 cents in closing at 60 US cents in exchanging 360 units, Proven Investments increased 0.59 of one cent in ending at 19.89 US cents, with 319,970 stock units clearing the market. Sygnus Credit Investments USD share rallied 0.01 of a cent to 10 US cents in trading 9,000 stocks, Sygnus Real Estate Finance USD share slipped 0.01 of a cent to 12.47 US cents in an exchange of 1,000 shares and Transjamaican Highway ended at 0.97 of one US cent after an exchange of 203,141 units.
In the preference segment, Productive Business 9.25% preference share shed US$1.45 to end at US$10.55 after 200 stock units passed through the market and JMMB Group 5.75% rose 22.65 cents to US$1.7365, with 45 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.