Investors ended trading on Friday with an exchange of 66 percent less volume of stocks on the Jamaica Stock Exchange Main Market, even as the value traded jumped 260 percent over Thursday, after trading took place in 52 securities against 51 on Thursday, leading to 19 rising, 24 declining and nine ending unchanged.
The market closed with an exchange of 6,765,232 shares worth a total of $141,934,681 versus 19,677,897 units at $39,419,138 on Thursday.
Trading averaged 130,101 units at $2,729,513 versus 385,841 shares at $772,924 on Thursday and month to date, an average of 205,314 units at $1,515,534 versus 209,330 units at $1,450,722 on the previous day. October closed with an average of 231,243 units at $1,464,224.
Seprod led trading with 1.70 million shares for 25.1 percent of total volume, followed by Sagicor Select Financial Fund with 1.34 million units for 19.7 percent of the day’s trade and Transjamaican Highway, with 1.24 million units for 18.4 percent of market share.
The All Jamaican Composite Index rallied 1,783.90 points to 381,652.90, the JSE Main Index climbed 1,999.87 points to 338,060.45 and the JSE Financial Index inched 0.56 points higher to 81.08.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
The Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cement popped $1.30 to $58.80 after exchanging 140 shares, Eppley Caribbean Property Fund fell $3.49 to $36.50 with a transfer of 24 stock units, Guardian Holdings shed $1.05 to $558.95 in exchanging 186 units. Jamaica Stock Exchange gained 94 cents to close at $15.94 in switching ownership of 1,102 stocks, Kingston Wharves dropped $1.54 to$33.45 with 60,233 shares changing hands, NCB Financial dipped $1 to $84 as investors exchanged 75,416 stock units. Proven Investments lost 98 cents to end at $27 after trading 165 stocks, Sagicor Group declined 54 cents in closing at $48.26 with a transfer of 7,563 units, Seprod rose $1 to $70 with the swapping of 1,698,127 stocks. Stanley Motta gained 49 cents to close at $4.95, with 7,676 shares crossing the exchange and Sygnus Real Estate Finance lost 90 cents to end at $9 with the swapping of 980 units.
In the preference segment, Eppley 7.25%preference share dipped $3 to $17 after switching ownership of 5,000 stock units and JMMB Group 7% preference share shed 49 cents to close at $1.97, trading 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Losses galore no gains for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended with the volume of stocks exchanged jumping 604 percent but with a 66 percent lower value than on Thursday, resulting in the trading of seven securities, compared to five on Thursday with no rising, six declining and one unchanged.
A total of 117,838 shares were traded for US$6,943 compared with 16,740 units at US$20,385 on Thursday.
Trading averaged 16,834 units at US$992, versus 3,348 shares at US$4,077 on Thursday, with a month to date average of 25,005 shares at US$3,329 versus 25,414 units at US$3,446 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index lost 5.38 points to end at 224.06.
The PE Ratio, a measure used in the computing of appropriate stock values, averages 8.3. 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 one with a lower offer.
At the close, First Rock Real Estate USD share fell 0.58 of a cent to 7 US cents after trading 324 shares, Proven Investments fell 0.35 of a cent to 19.35 US cents, with 2,285 units clearing the market, Sterling Investments lost 0.01 of a cent in ending at 2.09 US cents with investors transferring 1,750 stocks. Sygnus Credit Investments USD share dropped 0.33 of a cent to 9.52 US cents with a transfer of 55,541 stock units and Transjamaican Highway dipped 0.06 of a cent to 0.86 of one US cent as investors exchanged 57,597 stock units.
In the preference segment, Productive Business 9.25% preference share shed 40 cents to end at US$11.50 as 30 units passed through the market and JMMB Group 6% ended at US$1 while exchanging 311 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading value triples on JSE on Friday
The volume of stocks trading on Friday declined sharply from that on Thursday, with the value almost tripling as the Jamaica Stock Exchange ended trading for the week with the Main Market rising and closing higher than for the previous week, while the Junior and JSE US dollar market declined to close the week, with the Junior Market ended at the same level as the previous week, but the USD market closed moderately lower.
At the close, the Combined Market Index put on 1,779.21 points to 350,885.04. The JSE Main Index popped 1,999.87 points to 338,060.45 while the All Jamaica Composite Index climbed 1,783.90 points to close at 381,652.90, the Junior Market dipped 9.82 points to 3,870.24 and the JSE US dollar market shed 5.38 points to end at 224.06.
Trading ended, with 9,674,872 shares changing hands, for a mere $150.4 million, versus $56.9 million, with 24,836,022 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$20,385 from US$18,048 Thursday.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 12.4 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.
Volumes plunged on the JSE USD market
The trading volume of stocks plunged 61 percent, with a 13 percent lower value than Wednesday on the Jamaica Stock Exchange US dollar market on Thursday, resulting in five securities changing hands, compared to seven on Wednesday with two rising, two declining and one ending unchanged.
A total of 16,740 shares were traded for US$20,385 compared to 43,378 units at US$18,048 on Wednesday.
Trading averaged 3,348 units at US$4,077 compared with 6,197 shares at US$2,578 on Wednesday, with a month to date average of 25,414 shares at US$3,446 versus 26,231 units at US$3,422 on the previous day. October ended with an average of 40,972 units for US$2,277.
The JSE US Denominated Equities Index rose 4.33 points to end at 229.44.
The PE Ratio is a measure used in computing appropriate stock values, averages 8.6. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and five with lower offers.
At the close, First Rock Real Estate USD share dipped 0.02 of a cent to close at 7.58 US cents with the swapping of 1,549 shares, Proven Investments rose 1.7 cents to 19.7 US cents as six stocks passed through the market and Sterling Investments popped 0.1 of a cent to end at 2.1 US cents with investors transferring 61 units.
In the preference segment, JMMB Group 5.75% remained at US$2 with a transfer of 5,000 stock units and JMMB Group 6% lost 7 cents in ending at US$1 after trading 10,124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for Jamaican stocks
The Jamaica Stock Exchange ended trading on Thursday with mixed results after the Junior Market Index surged 82.24 points to close at 3,880.06, with pressure from liquidation of stocks to fund the regency IPO abated after the market pushed well below the 4,000 mark. The JSE US dollar market ended positively while the Main market rose but Jamaican stocks collectively declined.
At the close, the Combined Market Index put on 1,145.41 points to 349,105.82 as trading activities continue to remain at depressed levels. The JSE Main Index popped 428.14 points to 336,060.58, while the All Jamaica Composite Index fell 1,154.03 points to close at 379,869.00 and the JSE US dollar market gained 4.33 points to end at 229.44.
Trading ended, with 24,836,022 shares changing hands, for a mere $56.9 million, versus $81.10 million, with 20,191,532 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$20,385 from US$18,048 Wednesday.
The market’s PE ratio ended at 22.5 based on 2021-22 earnings and 12.3 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.
Drop for JSE Main & Junior Market
The Main and Junior markets of the Jamaica Stock Exchange lost value on Wednesday but the JSE US dollar market closed moderately higher, leaving the Combined Market Index to drop 2,871.67 points to 347,960.41 as trading activities remain at depressed levels.
At the end of trading, the JSE Main Index lost 2,865.97 points to end at 335,632.44, the Junior Market Index d1pped 21.45 points to 3,797.82 while the All Jamaica Composite Index added 909.90 points to close at 381,023.03 and the JSE US dollar market popped 0.35 points to end at 225.11.
Trading ended, with 20,191,532 shares changing hands, for $81.10 million, versus $95.97 million, with 13,858,038 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$18,048 from US$5,622 Tuesday.
The market’s PE ratio ended at 22 based on 2021-22 earnings and 12.1 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.