Junior Market loses more ground
February 10, 2025 by IC Insider.com
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging market stock, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, ImagePlus, Indies Pharma, Iron Rock Insurance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, JFP Ltd, junior market, Kintyre Holdings, Knutsford Express, Lasco Financial, Limners and Bards, Lumber Depot, Main Event, Medical Disposables, Omni Industries, One Great Studio, Paramount Trading, RA Williams, Spur Tree Spices, Stationery and Office, Trading Activity, Tropical Batteries, tTech
JSE Main Market rises Juniors fall
February 10, 2025 by IC Insider.com
Trading closed Monday on the Jamaica Stock Exchange with a fall in the volume of stocks that were exchanged, with a greater value than on Friday, resulting in Main Market major indices rising, with the Junior Market index and JSE USD Markets declining. At the end of trading the prices of 33 shares rose, 49 declined and 32 remained firm.
At the close of the market, the JSE Combined Market Index advanced 780.62 points to 342,826.40, the All Jamaican Composite Index rose 1,249.82 points to 382,033.22, the JSE Main Index gained 934.29 points to finish at 330,743.88, the Junior Market Index dipped 15.73 points to finish at 3,701.64 and the JSE USD Market Index shed 11.25 points to end at 228.70.
At the close of trading, 25,031,408 shares were exchanged in all three markets, down from 40,301,061 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $126.32 million, up from $125.78 million on the previous day and the JSE USD market closed with an exchange of 11,346,663 shares for US$322,286 compared to 192,369 units at US$70,619 on Friday.
In Main Market activity, Wigton Energy led with 3.68 million shares followed by Transjamaican Highway with 2.0 million stocks and Barita Investments with 1.0 million units.
In Junior Market trading, RA Williams led with 1.31 million shares followed by One Great Studio with 806,029 stocks and Jamaican Teas with 655,503 units.
In the preference segment, 138 Student Living preference share rose $19.32 to end at $320, Productive Business Solutions 10.5% preference share advanced $109.99 to $1,100 and Sygnus Credit Investments C10.5% popped $4.48 and ended at $108.The market’s PE ratio, the most popular measure used in valuing stocks, ended at 13.6 based on 2024-25 earnings and 19.9 based on 2024-25 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors regularly updated information to help in investments decisions. The PE ratio chart covers all of the ordinary shares that are listed on the Jamaica Stock Exchange and are grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, Jamaican Teas, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Omni Industries, Pan Jamaica, PE Ratio of Jamaican stocks, Productive Business Solutions, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm
ICTOP10 stocks weather stormy week
February 10, 2025 by IC Insider.com
Stocks sold off in the past week on the Jamaica Stock Exchange with Junior Market stocks that gained 4 percent during the prior week lost 1.8 percent and the Main Market slipped by nearly 3 percent by the end of the week, not a healthy sign for ICI Top 10 stocks.
Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
In the Junior Market ICTOP10, Express Catering gained 8 percent to close at $3.30, while Limners and Bards fell by 8 percent to $1.21. Caribbean Flavours followed with a 4 percent fall to $1.25 and Access Financial declined by 3 percent to close at $17.99.
In the Main Market ICTOP10, Key Insurance gained 4 percent to close at $2.29. Scotia Group and Berger Paints lost 5 percent in closing at $56.97 and $7.90 respectively and VM Investment lost 4 percent to close at $2.39.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended with Lasco Distributors dropping out and replaced by JMMB Group.
JMMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.4, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.5, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 282 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same period.
In the Main Market ICTOP 10, there are 14 stocks with the highest values representing 27 percent of the Main Market, with PEs between 15 to 107, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Filed Under: Buy Rated, Feature Stories, Stock Market, Stocks to watch Tagged With: 138 Student Living, AMG Packaging, Berger Paints, Caribbean Cream, Daily Trading, Emerging markets, Express Catering, Guardian Holdings, Image Plus, Iron Rock Insurance, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, JMMB Group, junior market, Key Insurance, Knutsford Express, Margaritaville, NCB Financial, One Great Studio, QWI Investments, Scotia Group, Stocks to Watch, TOP 10 stocks, Trading Activity
Kintyre and Teas head Junior Market trades
February 7, 2025 by IC Insider.com
Holdings, formerly iCreate and Jamaican Teas, beverage input producers commanded 84 percent of the volume of shares traded on the Junior Market of the Jamaica Stock Exchange on Friday, following a 72 percent increase in the shares traded in the market, with the value in line with Thursday’s level with trading in 47 securities up from 42 on Thursday and ending with prices of 21 rising, 11 declining and 15 closing unchanged as the Junior Market Index dropped 24.63 points to 3,717.37 and pushing the market back into negative for the year to date.
The market closed with 22,554,448 shares being traded at $24,909,066 compared with 13,148,598 units at $24,952,294 on Thursday.
Trading averaged 479,882 shares at $529,980 versus 313,062 stocks at $594,102 on Thursday with the month to date, averaging 217,458 units at $349,822 compared to 145,330 stock units at $300,304 on the previous day and January with an average of 350,850 shares at $615,775.
Kintyre Holdings led trading with 13.26 million shares for 58.8 percent of total volume followed by Jamaican Teas with 5.72 million stocks for 25.4 percent of the day’s trade and Omni Industries with 1.03 million stock units for 4.6 percent of stocks traded.
At the close of trading, the Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of trading, Access Financial advanced 94 cents to $17.99 with investors swapping 496 stocks, Blue Power increased 41 cents to close trading at $5.52 in an exchange of 842 units, Everything Fresh climbed 35 cents to close at $2.05 with an exchange of 4,906 shares. Fosrich dipped 7 cents and ended at $2.20 after a transfer of 100,196 stock units, Future Energy increased 7 cents to close at $3.50 with 93,896 shares clearing the market, Indies Pharma rose 8 cents to finish at $3.60 with an exchange of 5,005 stocks. Iron Rock Insurance gained 6 cents and ended at $4.20 with 148 units changing hands, Jamaican Teas sank 27 cents to $2.23 with a transfer of 5,719,042 stock units, Knutsford Express rallied 32 cents to close at $12.82 with 1,285 shares crossing the exchange. Lumber Depot rose 10 cents in closing at $2.90 with traders trading 14,098 stocks, Paramount Trading slipped 6 cents to finish at $1.10 in an exchange of 5,088 units and tTech sank 40 cents to end at $1.56 with investors dealing in 18,736 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging market stock, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, ImagePlus, Indies Pharma, Iron Rock Insurance, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, Kintyre Holdings, KLE Group, Knutsford Express, Lasco Financial, Limners and Bards, Lumber Depot, Main Event, Medical Disposables, Omni Industries, One Great Studio, Paramount Trading, RA Williams, Spur Tree Spices, Stationery and Office, Trading Activity, Tropical Batteries, tTech
Wigton cornered major share of Jamaica Stock Exchange Main Market
February 7, 2025 by IC Insider.com
Following the reporting of a pretax loss of $108 million in its third quarter, Wigton Energy captured just over 35 percent of the volume of shares traded on the JSE Main Market on Friday, with a 109 percent jump in the volume of stocks traded and a 34 percent rise in value over Thursday’s activities after trading in 61 securities compared with 62 on Thursday, with prices of 22 rising, 25 declining and 14 ending unchanged.
The market closed with 17,554,244 shares trading for $100,875,544, up from 8,386,532 stock units at $75,006,097 on Thursday.
Trading averaged 287,774 shares for $1,653,697, well above 135,267 stocks at $1,209,776 on Thursday. Trading for the month to date ended with an average of 197,154 units at $1,804,779 compared with 174,311 shares at $1,842,862 on the previous day, down from an average of 257,074 stock units at $2,582,065 in January.
Wigton Energy led trading with 6.25 million shares for 35.6 percent of total volume followed by JMMB 9.5% preference share which ended with 3.53 million stocks for 20.1 percent of the day’s trade, JMMB Group 7.35% – 2028 closed with 2.02 million units for 11.5 percent of the volume traded, Transjamaican Highway with 1.32 million shares for 7.5 percent of the overall traded volume, QWI Investments ended with 1.11 million stocks for 6.3 percent of the day’s trades and Eppley Caribbean Property Fund with 1.07 million stock units for 6.1 percent of market share.
The All Jamaican Composite Index climbed 460.84 points to end at 380,783.40, the JSEMain Index popped just 45.59 points to 329,809.59 and the JSE Financial Index slipped 0.07 points to finish at 67.97. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD MarketPE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.At the close on a day of increased trading, AS Bryden dropped 60 cents to close at $30 after investors traded 1,422 stock units, Caribbean Cement lost 49 cents to $86 with an exchange of 15,990 units, Eppley Caribbean Property Fund skidded 50 cents to end at $37 in swapping 1,072,118 shares. First Rock Real Estate climbed 81 cents to finish at $9.80 with a mere 8 stocks passing through the market, while Jamaica Broilers sank $1 to end at $36.99 with the trading of 47,213 shares, Jamaica Stock Exchange popped 38 cents in closing at $13.36 with 112 units clearing the market. JMMB Group slipped 97 cents to $20.53 with investors trading 32,593 stocks, Kingston Properties advanced 39 cents and ended at $9.14 with 6,592 stock units crossing the market, Kingston Wharves rose $1.09 in closing at $30.99 in an exchange of 6,656 shares. Massy Holdings sank 60 cents to finish at $82.40 with investors trading 701 stocks,
NCB Financial rallied 50 cents to close at $50 after an exchange of 73,874 units, Pan Jamaica increased $1.09 to end at $53.99 with 9,024 stock units being traded. Proven Investments dropped 68 cents in closing at $17.81 with an exchange of 4,217 shares, Scotia Group gained $1.67 to close at $56.97 with 14,271 units crossing the market, Seprod fell $1.70 to close at $84.45 in an exchange of 25,576 stocks. Stanley Motta declined 64 cents to end at $6.76 with investors dealing in 9,389 stock units and Supreme Ventures dipped 38 cents to finish at $20.60 with 116,855 shares crossing the exchange.
In the preference segment, Jamaica Public Service 7% rose $3.96 and ended at $40 in trading 478 stock units and 138 Student Living preference share climbed $10.68 to $300.68 after a transfer of 78 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, GraceKennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
JSE USD market slips on jump in trading
February 7, 2025 by IC Insider.com
The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded soaring 388 percent, with a 1653 percent greater value than on Thursday, resulting from an exchange of eight securities, compared with 10 on Thursday with prices of two rising, five declining and one ending unchanged and ended with, the US Denominated Equities Index declining by 2.07 points to end at 239.96.
The market closed with an exchange of 192,369 shares for US$70,619 compared to 39,450 stocks at US$4,029 on Thursday.
Trading ended with an average of 24,046 shares for US$8,827 compared with 3,945 stocks at US$403 on Thursday. The month to date averaged 75,681 stocks units at US$5,857 compared with 89,006 stocks at US$5,091 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
In closing out the week, MPC Caribbean Clean Energy dropped 10 cents to end at 50 US cents with an exchange of 119 stock units, Proven Investments slipped 0.03 of one cent to 11.97 US cents with 44,083 shares crossing the market, Sterling Investments skidded 0.02 of a cent to finish at 1.86 US cents with investors trading 8,364 units. Sygnus Credit Investments popped 0.3 of one cent to 6.8 US cents after a transfer of 2,334 stock units and Transjamaican Highway lost 0.04 of a cent to close at 2.75 US cents with 119,254 shares to end trading.
In the preference segment, JMMB Group 5.75% remained at US$2 with 15,000 stock units passing through the market. Productive Business Solutions 9.25% preference share shed 35 cents to US$10.35 with traders dealing in 225 units and Sygnus Credit Investments E8.5% rallied 1 cent to end at US$9.91 in an exchange of 2,990 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Jamaica Stock Exchange
February 7, 2025 by IC Insider.com
Trading picked up sharply on the Jamaica Stock Exchange on Friday with a major rise in the volume of stocks exchanged, following a big trade in Kintyre Holdings (formerly iCreate) with the value of trading in the overall market climbing over that on Thursday. At the close of trading, the Main Market major indices rose moderately, while the Junior Market and the JSE USD Market declined, resulting in the JSE Combined Market Index losing ground following prices of 45 shares rising, 41 declining and 30 remaining firm.
Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 138 Student Living, Caribbean Cement, Daily Trading, Emerging market, Eppley, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, Jamaican Teas, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Omni Industries, Pan Jamaica, PE Ratio of Jamaican stocks, Productive Business Solutions, RA Williams, Scotia Group, Seprod, Trading Activity, Transjamaican Highway, Wigton Windfarm
Trading surges on the Junior Market
February 6, 2025 by IC Insider.com
One of Jamaica’s leading suppliers of stationery and office equipment, Stationery and Office Supplies and beverage producers Jamaican Tea, led trading on the Junior Market of the Jamaica Stock Exchange on Thursday, with 80 percent of the total volume traded. Trading culminated in an increase of 325 percent in the volume of stocks changing hands with 236 percent more value than Wednesday, when 42 securities were traded, the same as Thursday and ending with prices of 17 rising, 19 declining and six closing unchanged.
The market closed with 13,148,598 shares trading for $24,952,294 up from 3,096,129 units at $7,428,101 on Wednesday.
Trading averaged 313,062 shares at $594,102 well above the 73,717 stocks at $176,860 on Wednesday with the month to date, averaging 145,330 units at $300,304 up from 90,719 stock units at $204,649 on the previous day and January with an average of 350,850 shares at $615,775.
Stationery and Office Supplies ended with 7.45 million shares for 56.7 percent of total volume followed by Jamaican Teas which ended with 3.03 million stock units for 23.1 percent of the day’s trade and Omni Industries with 309,810 stocks for just 2.4 percent of the volume traded. All three stocks are worth noting for future major activities and possible prices breaking out.
At the close of trading, the Junior Market Index skidded 13.23 points to finish at 3,742.00, still a fraction above the 2024 close. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.At the close of an interesting session, Access Financial dropped 95 cents and ended at $17.05 after an exchange of 1,010 stock units and closed with an offer of 439,488 shares at $17.99, which could keep a lid on the price in the short run. AMG Packaging advanced 23 cents to $3.24 with investors trading 2,906 units, Blue Power sank 43 cents to close at $5.11 with 4,469 shares changing hands. CAC 2000 rose 20 cents to close at $2.43 as investors exchanged 109 stock units, Cargo Handlers climbed 40 cents to end at $11.50 with just 14 shares being traded, Caribbean Assurance Brokers increased 26 cents to finish at $2.48 with investors swapping 922 stock units. Consolidated Bakeries popped 8 cents and ended at $2.05 with 75,966 stocks passing through the market, Dolla Financial declined 7 cents to $2.89 with a transfer of 189,840 units, Dolphin Cove rallied 98 cents to end at $19.60 with trading in 2,134 stocks. Everything Fresh lost 39 cents to close at $1.70 after a transfer of 200,714 units, Express Catering slipped 8 cents to finish at $3.25 with 22,383 shares crossing the market, Future Energy sank 6 cents to close at $3.43 in an exchange of 34,814 stock units.
GWest Corporation gained 5 cents to 90 cents with investors trading 73,489 shares, Honey Bun dipped 25 cents and ended at $7.95 with an exchange of 30,513 stocks, Image Plus fell 10 cents to close at a 52 weeks’ low of $1.31 with 159,942 units changing hands. Jamaican Teas popped 29 cents to close at $2.50 after an exchange of 3,032,490 stock units, following the release of first quarter results showing an 11.4 percent increase in net profits, with little contribution from QWI Investments. JFP Ltd skidded 7 cents to finish at 82 cents in trading 23,313 shares, KLE Group shed 14 cents to end at $1.15 with 13,257 units crossing the exchange. Knutsford Express dropped 30 cents in closing at $12.50 with traders dealing in 971 stocks, Medical Disposables sank 15 cents to $2 in an exchange of 678 stock units, ONE on ONE Educational skidded 5 cents to end at 94 cents with investors dealing in 18,660 shares and Tropical Battery climbed 7 cents and ended at $3.07 with 305,461 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolla Financial, Dolphin Cove, Edufocal, Elite Diagnostic, Emerging market stock, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, GWest, Honey Bun, ImagePlus, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, JFP Ltd, junior market, Kintyre Holdings, Knutsford Express, Lasco Financial, Limners and Bards, Lumber Depot, Main Event, Medical Disposables, Omni Industries, One Great Studio, RA Williams, Spur Tree Spices, Stationery and Office, Trading Activity, Tropical Batteries
Drop for JSE Main Market in light session
February 6, 2025 by IC Insider.com
On a light trading day, the Jamaica Stock Exchange Main Market indices closed down on Wednesday as Transjamaican Highway snapped up the largest share of the day’s trade, after the volume of stocks traded dropped 39 percent, with a 71 percent lower value than on Wednesday, following trading in 58 securities down from 62 on Tuesday, with prices of 20 rising including Seprod that jumped $4.10 to lead the winners, 23 declining and 15 ending unchanged.
The market closed with 10,786,528 stock units traded for $74,668,059, down sharply from 17,763,087 units at $261,676,546 on Tuesday. Trading averaged 185,975 shares at $1,287,380, down from 286,501 stocks at $4,220,589 on Tuesday. For the month to date, an average of 187,760 units were traded at $2,060,924 compared with 188,609 units at $2,428,675 on Wednesday and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 2.65 million shares for 24.6 percent of total volume followed by Wigton Energy with 2.28 million stocks for 21.1 percent of the day’s trade and Sagicor Select Financial Fund with 1.03 million units for 9.6 percent of the volume traded.
The All Jamaican Composite Index dropped 1,532.52 points to 383,262.39, the JSE Main Index declined by 1,024.19 points to close at 332,094.96 and the JSE Financial Index shed 0.59 points to end at 68.34. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer.The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, AS Bryden dropped 53 cents to $30.07 with a mere 15 shares switching owners, Berger Paints popped 40 cents to close at $8.30 with just 12 stocks traded, Caribbean Cement slipped $3.85 to end at $83 after a transfer of 56,963 shares. Eppley sank 48 cents in closing at $36 as investors exchanged 87 stock units, First Rock Real Estate dipped $1.18 to finish at $8.62 with 43,433 shares clearing the market, General Accident lost 44 cents and ended at $6 in an exchange of 83,039 stock units. Guardian Holdings advanced $1.50 to $303 with 787 units changing hands, Jamaica Broilers rose 48 cents to $37.99 with 3,188 stocks crossing the exchange, the Jamaica Producers shed $2 and ended at $24 with investors snapping up a total of 300,107 shares. Jamaica Stock Exchange gained 40 cents to close at $13.39 with 426 stock units crossing the market, Kingston Wharves climbed $1.61 to end at $31.50 after an exchange of 4,367 stock units, Scotia Group increased $1.98 to finish at $56.98 with a transfer of 28,121 stocks. Seprod rallied $4.10 and ended at $89.10 with 13,649 shares passing through the market and Supreme Ventures dropped $1.37 to close at a 52 weeks’ low of $20.08 with traders dealing in 881,804 stock units.
In the preference segment, 138 Student Living preference share rose $43 to close at $270 with 44 units crossing the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, AS Bryden, Barita Investments, Berger Paints, Caribbean Cement, Caribbean Producers, Carreras, Daily Trading, Emerging markets, Eppley, Eppley Caribbean Property Fund, First Rock Capital, General Accident, GraceKennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Key Insurance, Kingston Properties, Kingston Wharves, Lasco Distributors, Lasco Manufacturing, Mayberry Group, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Portland JSX, Proven Investments, QWI Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Sagicor Select Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Transjamaican Highway, Victoria Mutual Investments, Wigton Windfarm, Wisynco Group
Trading plunges on the JSE USD market
February 6, 2025 by IC Insider.com
Trading plunged on the Jamaica Stock Exchange US dollar market closed on Thursday, resulting in a 98 percent fall in the volume of stocks traded with a 97 percent lower value compared to Wednesday, resulting in the exchange of 10 securities, up from five on Wednesday with prices of three rising, five declining and two ending unchanged.
The market closed with an exchange of 39,450 shares for just US$4,029 down from 2,521,741 stocks at US$130,691 on Wednesday. Trading averaged 3,945 shares at US$403 well off from the 504,348 stocks at US$26,138 on Wednesday, with a month to date average of 89,006 units at US$5,091 compared with 129,511 shares at US$7,323 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index rose 0.07 points to close at 242.02. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 7.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of a low-keyed trading session, First Rock Real Estate USD share fell 0.58 of a cent to 2.71 US cents after an exchange of 242 shares, Margaritaville shed 3 cents to finish at 9 US cents with a transfer of 113 stocks, Proven Investments fell 0.8 of a cent to 12 US cents as investors exchanged 427 shares. Sterling Investments ended at 1.88 US cents with 2,500 stock units crossing the market, Sygnus Credit Investments dipped 0.3 of a cent to close at 6.5 US cents with traders dealing in 12,000 shares, Sygnus Real Estate Finance USD share increased 0.9 of a cent to end at 6.9 US cents with a mere 56 units crossing the exchange and Transjamaican Highway remained at 2.79 US cents with investors trading 23,877 stocks.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent in closing at US$1.04 with just 4 stock units clearing the market, Productive Business Solutions 9.25% preference share rallied 30 cents to US$10.70 with 230 shares being traded and Sygnus Credit Investments E8.5% lost 5 cents to finish at US$9.90 with a mere 1 stock unit switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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