Mixed JSE trading on Wednesday

August 31, 2022 by

The Main and Junior Market slipped at the close of trading but the JSE USD market inched higher on Wednesday on the Jamaica Stock Exchange to close out August, with losses to the market indices, with the markets closing lower for the month after trading ended with a bump in the volume of stocks trading that more than doubled Tuesday’s trades, with the value rising to more than $1 billion dollars.
At the close of the market, the JSE Combined Index, a measure of the overall market, declined 462.81 points to 373,425.00, the All Jamaican Composite Index popped 146.95  points to  408,382.25, the JSE Main Index dipped 474.78 points to  359,294.69, the Junior Market Index slipped 2.10 points to 4,168.05 and the JSE USD Market Index rose 1.80 points to 205.56.
Trading ended with 96,932,851 shares changing hands with the value at $1.11 billion, compared to $192.76 million, with 41,625,695 shares traded in the overall market on Tuesday. The JSE USD market ended with the value of stocks traded at US$6,401 and US$41,599 on the previous trading day.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 12.8 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.

 

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , , ,

Fabulous first quarter results

August 31, 2022 by

Several Jamaica Stock Exchange listed companies reported record profits for 2022 as net income for all the companies surged 30 percent after taxation in the first quarter this year over in the 2021 first quarter, with data released by listed companies showing revenues grew a healthy 21 percent.
The final numbers include results of Guardian Holdings, and Massy Holdings, two companies with primary listings in Trinidad and Tobago, and the recently listed Dolla Financial. Excluding results for the two Trinidadian based companies, profit rose 39 percent for the rest, from a 27 percent rise in revenues, the data reveal.
Profits exclude significant exceptional one time items and do not include other comprehensive income that companies in the financial sector incurred following unrealized losses in their investment portfolio flowing from increased interest rates in 2022.
Companies that suffered losses or sharply reduced earnings in the 2021 period are contributing to the strong rise in overall profit, now recovering in 2022. The companies are also benefiting from easing restrictions placed on Jamaicans and a strong rebound in the critical tourist arrivals.
The results show that 65 of the 95 listed companies posted positive results and 30 recorded declines. The results show a number of the companies rebounding sharply from declines in their fortunes in 2020 and 2021, with a number of them indicating a significant improvement and delivering record profits due to cost reduction effected in the downturn.
ICinsider.com showcases some outstanding performers and provides a complete listing of all companies.
Revenues at Dolphin Cove surged 247 percent to J$397 million, with profit rising 619 percent to J$123 million but the company’s good performance carried over into the second quarter, with revenues climbing 97 percent to $650 million and profit before tax rising 29 percent to J$259 million over the 2021 June quarter. Dolphin Cove benefited from the near recovery of the tourist trade in the June Quarter.
Caribbean Producers’ revenues rose 123 percent to J$4.4 billion and churned up a 275 percent increased profit to $244 million from a loss of $140 million in 2021. CPJ is benefitting from a combination of increased tourist arrivals in Jamaica and St Lucia and a significant reduction in operating costs. The company’s June results are pending.
Fosrich revenues surged 64 percent to $900 million, coming primarily from expansion into manufacturing of PVC pipes and some other new areas and spawning a 314 percent rise in profit to $159 million. The second results continue the positive first quarter trend, with revenues up 65 percent to $898 million and profit rising 83 percent to $139 million from $76 million in 2021.
Jamaica Producers’ revenues rose 26 percent to $6.9 billion. Profit jumped 58 percent to $406 million, with second quarter revenues exceeding that of the first quarter and increasing 26 percent over 2021 second quarter to $7.5 billion, with profit rising 30 percent to $458 million as associated companies delivered a significant increase in profit of $191 million versus just $48 million in 2021.
Jamaica Broilers’ revenues rose 25 percent to $20 billion and profit jumped 94 percent to $1 billion. The company will report the next set of results in September.
Revenues at NCB Financial Group grew 39 percent to $98.4 billion and delivered a 295 percent increase in profit to $7.8 billion from $2 billion. In the June Quarter, revenues rose 17 percent to $89 billion from $76 billion and profit jumped 104 percent to $8.2 billion from $4 billion in 2021.
Mayberry Investments enjoyed a major reversal of investment losses incurred in 2021. They moved revenues from a negative $110 million to a positive $1.36 billion in the first quarter this year for a 1,335 percent turnaround. Profits also recorded a hefty 109 percent swing, from a loss of $331 million in 2021 to a profit of $692 million. For the three months to June, revenues surged to $6.2 billion from $3.1 billion in 2021, primarily due to a jump in investment gains from $3 billion to $5.4 billion in 2022. Profit attributable to shareholders of the company climbed from $1.9 billion to $2.5 billion.

Mayberry Ithe lead broker.

Revenues at Mayberry Jamaican Equities recovered to $979 million in the March quarter from a negative inflow of $601 million, representing a 263 percent improvement, with profits jumping 720 percent to $1.36 billion from a loss of $166 million in 2021. June 2022 quarter ended with revenues at $5.6 billion and $5.3 billion in profit compared with revenues in 2021 of $2.5 billion and profit of $2.4 billion.
Productive Business Solutions saw an 18 percent rise in revenues to J$6 billion and profit rising 35 percent to $241 million from $178 million in 2021. Revenues climbed 69 percent to JS$14.1 billion and profit rose from a loss of $82 million to a profit of $264 million.
Revenues at Sagicor Group grew just 3 percent to $23.76 billion, but profits jumped 38 percent to $4 billion from $2.9 billion in 2021. In the second quarter, revenues slipped marginally to $25 billion from $25.2 in 2021, with profit attributable to shareholders of the group coming in 15 percent higher at $2.2 billion, from $1.94 in 2021. Other comprehensive income moved from a positive $1.6 billion in the June 2021 quarter to a loss of $7.3 billion for the June 2022 quarter, with year to date loss of $12.6 billion versus a $3.2 billion loss in 2021.
Stationery and Office Supplies revenues were up 36 percent to $428 million, while profit jumped 90 percent to a record $105 million. The good first quarter performance carried over into the second quarter to June with revenues slightly behind that of the first quarter to end at $420 million, up 84 percent above $238 million in 2021 and finished with a profit of $70 million. The first quarter profit was boosted by a $23 million gain on the sale of a property.

Sagicor Group jumped $8 on Monday to a record close of $73.

Supreme Ventures’ revenues rose 19 percent to $12.7 billion and profit jumped 68 percent to $997 million from $592 million. In the June quarter, revenues rose 17.6 percent to $12.76 billion and a flat profit of $630 million.
Some of the performances of individual companies reflect themselves in the sectors in which they operate. Financial Services, with 20 companies, delivered a 41 percent revenues increase to $25.3 billion and a 10 percent increase in after-tax profit to $8 billion. Distribution revenues climbed 29 percent to $33.6 billion and profit rose 52 percent to $2.3 billion from just $1.5 billion last year.
Conglomerates were disappointing, with no profit growth of $5.8 billion from a 13 percent rise in revenues to $113 billion. Manufacturing managed a 22 percent rise in profit to $4.8 billion from a 23 percent increase in revenues to $55 billion from $45 billion in 2021.
Media with just two entities delivered revenues of $1.75 billion, up a mere 4 percent year over year but grew profit an attractive 68 percent to $152 million.
Revenues for the Insurance group rose just 3 percent to $86 billion and delivered a 17 percent increase in profits to $8.2 billion.
Revenues for the Entertainment companies rose 23 percent to $13.5 billion, with profit increasing 130 percent to $1 billion, with Supreme Ventures dominating with profit jumping 68 percent to $996 million.
Real Estate saw a 20 percent drop in profit from a 54 percent rise in revenues to $3.46 billion, delivering a profit of $1.27 billion.
The Transportation sector saw a 71 percent increase in revenues to $10.6 billion and delivered a 38 percent increase in profit to $1 billion.

Filed Under: Company News, Company Results, Feature Stories Tagged With: , , , , , , , , , , , , , , , ,

Trading pulls back for JSE main market

August 30, 2022 by

Market activity on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 36 percent with an 89 percent less money chasing stocks than on Monday as 59 securities were traded compared to 61 on Monday, with prices of 23 rising, 24 declining and 12 ending unchanged.
At the close of trading, the All Jamaican Composite Index rose 528.75 points to 408,235.30, the JSE Main Index rallied 622.71 points to 359,769.47 and the JSE Financial Index shed 0.04 points to settle at 85.52.
The PE Ratio, a formula used to ascertain stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasts by ICInsider.com for companies with the financial year ending between November and August 2023.
A total of 14,621,118 shares were exchanged for $121,702,731, down from 22,909,155 units at $1,091,762,298 on Monday. Trading averaged 247,816 units at $2,062,758 versus 375,560 shares at $17,897,743 on Monday and month to date, an average of 740,045 units at $5,459,960, compared to 765,882 units at $5,638,283 on the previous day. July closed with an average of 173,643 units at $1,683,017.
Mayberry Investments led trading with 6.55 million shares for 44.8 percent of total volume, followed by Wigton Windfarm with 2.38 million units for 16.3 percent of the day’s trade and Sagicor Select Financial Fund with 1.03 million units for 7 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints popped 83 cents to end at $11.34 after 197 shares crossed the exchange, Caribbean Cement rallied $3.50 in closing at $63.50 and trading 32,302 units, Eppley Caribbean Property Fund rose $3.98 to $44 as investors exchanged six stock units. First Rock Real Estate fell 96 cents to $11.50 in trading 38,046 stocks, GraceKennedy advanced 55 cents to $93.95 in switching ownership of 37,033 stock units, Jamaica Stock Exchange gained $1.80 to end at $17.90 with a transfer of 52,975 shares. JMMB Group increased $1.51 in closing at $42.50 with 171,890 stocks clearing the market, Massy Holdings climbed 64 cents to $86.14 with investors transferring 6,785 units, Mayberry Investments increased 38 cents to $9.50 with an exchange of 6,554,435 shares. MPC Caribbean Clean Energy climbed $16.50 to close at $84.50 in exchanging 2,489 stocks, 138 Student Living dipped $1.20 to $5.30 while exchanging 961,825 units, Palace Amusement advanced $139 to end at $850 after trading one stock unit. PanJam Investment gained $2.99 in ending at $62 after a transfer of 576 stock units, Portland JSX rallied $1.04 to close at $10.04 after exchanging 134 units, Proven Investments declined 55 cents in closing at $32.80, with 8,286 stocks changing hands. Stanley Motta popped 79 cents in closing at $5.45, with 110,026 shares crossing the market and Supreme Ventures rose $1.10 to close at $29.90 in an exchange of 13,378 stocks.
In the preference segment, Productive Business Solutions 9.75% preference share shed $43 to end at $107, with 70 shares 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading jumps on JSE US dollar market

August 30, 2022 by
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Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged jumping 1,627 percent more valued 335 percent more than on Monday, resulting in 11 securities trading, down from 14 on Monday with two rising, three declining and six ending unchanged.
Overall, 1,000,947 shares were traded for US$41,599, up from 57,945 units at US$9,558 on Monday. Trading averaged 90,995 units at US$3,782, versus 4,139 shares at US$683 on Monday, with a month to date average of 53,049 shares at US$7,517 versus 50,781 units at US$7,740 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index lost 10.38 points to end at 203.76.
The PE Ratio, a measure used to compute appropriate stock values, averages 8. 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 two stocks ended with bids higher than the last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share ended at 4 US cents with investors transferring 98,237 shares, Margaritaville remained at 14.99 US cents after trading 168 units, MPC Caribbean Clean Energy shed 30 cents to US$1, with 23 stocks crossing the exchange. Productive Business Solutions remained at US$1.28 as investors exchanged 1,997 stock units, Proven Investments lost 1.4 cents to end at 20 US cents after exchanging 48,430 shares, Sterling Investments rallied 0.01 of a cent to 2.1 US cents in switching ownership of 701 stock units. Sygnus Credit InvestmentsUSD share increased 1.02 cents in closing at 13 US cents, with 162,373 units clearing the market, Sygnus Real Estate Finance USD share ended at 12.45 US cents, with 101 stocks changing hands, Transjamaican Highway dipped 0.14 of a cent to end at 0.81 of one US cent in trading 688,908 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 with the swapping of two units and JMMB Group 6% ended at US$1.0at after trading seven shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Trading surges on Junior Market

August 30, 2022 by

Trading surged on the Junior Market of the Jamaica Stock Exchange on Tuesday, with the volume of stocks traded rising 140 percent and the value 105 percent more than on Monday after 44 securities traded versus 45 on Monday, ending with prices of 22 rising, 15 declining and seven closing unchanged.
A total of 26,003,630 shares were exchanged for $71,056,138 up from 10,844,740 units at $34,617,754 on Monday. Trading averaged 590,992 shares at $1,614,912 compared to 240,994 shares at $769,283 on Monday, with the month to date, averaging 363,535 units at $1,202,929 compared to 351,870 units at $1,181,801 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Derrimon Trading led trading with 13.85 million shares for 53.3 percent of total volume, followed by Mailpac Group with 3.63 million units for 14 percent of the day’s trade, EduFocal ended with 2.60 million units for 10 percent market share, Dolla Financial closed trading with 1.49 million units for 5.7 percent of the market and Fosrich traded 1.12 million units for 4.3 percent market share.
At the close, the Junior Market Index rose 9.03 points to settle at 4,170.15. The PE Ratio, a measure of computing appropriate stock values, averages 13. The PE ratios of Junior Market stocks incorporate ICInsider.com  projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial shed $1.69 to end at $25.26 with a transfer of 1,140 shares, Blue Power lost 42 cents in closing at $3.10 after exchanging 2,241 stock units, CAC 2000 rose $1.19 to close at $7.39, with 100 stocks clearing the market. Cargo Handlers gained 50 cents to end at $14.50 in exchanging 10,000 units, Caribbean Flavours advanced 20 cents to $1.90 in trading 103,818 stock units, Consolidated Bakeries declined 51 cents to $1.80 after a transfer of 316,234 stocks. Dolphin Cove increased 43 cents in ending at $14.93 with an exchange of 239,315 units, EduFocal dipped 10 cents to $2.60 in exchanging 2,597,482 shares, Express Catering fell 19 cents in closing at $5.75, with 6,560 units crossing the exchange. Fontana rallied 36 cents to close at $9.34 while exchanging 116,720 shares, Future Energy Source climbed 19 cents in closing at $5.54 after trading at 508,180 stock units, JFP Limited popped 12 cents to $1.57 and closed with an exchange of 369,116 stocks. Knutsford Express dropped 14 cents In ending at $6.86 after trading 1,778 shares, Lumber Depot popped 18 cents to close at $2.99 in an exchange of 19,443 stocks, Mailpac Group rallied 23 cents to end at $2.49, with 3,631,869 units crossing the market. MFS Capital Partners dipped 49 cents to $3.40 with 249,570 stock units changing hands, Paramount Trading fell 21 cents to close at $1.82 with investors transferring 470 shares, Spur Tree Spices rose 17 cents to $3.93 with the swapping of 96,217 stocks. Stationery and Office Supplies increased 65 cents in closing at $15.95 as investors exchanged 11,436 stock units and tTech gained 20 cents to end at $3.23, with 286 units changing hands.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE Markets inch higher Tuesday

August 30, 2022 by

Main Market and Junior Market stocks squeezed out modest gains in trading chilled on Tuesday on the Jamaica Stock Exchange but the JSE USD market fell at the close of the market and ended with the volume traded rising over that on Monday but a much lower value and resulted in the JSE Combined Index a measure of the overall market, rising 663.44 points to 373,887.81.
The All Jamaican Composite Index rose 528.75 points to 408,235.30, the JSE Main Index rallied 622.71 points to 359,769.47, the Junior Market Index popped 9.03 points to 4,170.15 and the JSE USD market Index slipped 10.38 points to 203.76.
Trading ended with 41,625,695 shares changing hands with the value at $192.76 million, compared to $1.126 billion, with 33,811,840 shares traded in the overall market on Monday. The JSE USD market ended with the value of stocks traded at US$41,599 up from US$9,558 on the previous day.               The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 12.7 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.

 

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , , ,

Busy trading for JSE USD Market

August 29, 2022 by

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a 51 percent decline in the volume of stocks changing hands at 28 percent less value than on Friday, resulting in 14 securities traded, compared to nine on Friday with two rising, three declining and nine ending unchanged.
Investors exchanged 57,945 shares for US$9,558 compared to 117,261 units atUS$13,332 on Friday. Trading averaged 4,139 units at US$683, versus 13,029 shares at US$1,481 on Friday, with a month to date average of 50,781 shares at US$7,740 down from 54,622 units at US$8,321 on the previous trading day. July ended with an average of 49,665 units for US$3,449.
The JSE US Denominated Equities Index gained 0.61 points to end at 214.14.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 one stock ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share ended unchanged at 4 US cents in switching ownership of 40,925 shares, Margaritaville remained at 14.99 US cents with an exchange of 12 stocks, MPC Caribbean Clean Energy ended at US$1.30 in an exchange of 67 stock units. Productive Business Solutions dipped 4.25 cents in closing at US$1.28 while exchanging 5,062 units, Proven Investments remained at 21.4 US cents, with 581 shares changing hands, Sterling Investments ended at 2.09 US cents after a transfer of 3,320 stocks. Sygnus Credit Investments USD share rallied 0.01 of a cent to 11.98 US cents with the swapping of 7,067 stock units, Sygnus Credit Investments Ja$ share remained at 13.23 US cents after trading 174 units, Sygnus Real Estate Finance USD share remained at 12.45 US cents after trading 629 stock units and Transjamaican Highway gained 0.05 of a cent to close at 0.95 of one US cent, with 92 units crossing the market.
In the preference segment, Equityline Mortgage Investment preference share ended unchanged at US$1.85, with a mere one stock clearing the market, JMMB Group 5.5% declined 10 cents to US$1.90 after exchanging one share. JMMB Group 5.75% ended at US$1.90 as investors exchanged three units and JMMB Group 6% lost 2 cents ending at US$1.08 with investors transferring 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , , , , , , ,

Stocks dive on the JSE on Monday

August 29, 2022 by

On a day when Carreras and Scotia Group hit intraday lows of $6.20 and $30.11, the Jamaica Stock Exchange Main Market gave back thousands of points in the main indices on Monday, with the volume of stocks traded rising 34 percent and valued 526 percent more than on Friday after 61 securities were traded compared to 57 on Friday, with 15 rising, 29 declining and 17 ending unchanged and leading to a big surge in the value of stocks traded.
A total of 22,909,155 shares were traded for $1,091,762,298 compared to 17,038,158 units at $174,268,763 on Friday. Trading averages 375,560 units at $17,897,743 versus 298,915 shares at $3,057,347 on Friday and month to date, an average of 765,882 units at $5,638,283, compared to 788,281 units at $4,934,777 on the previous trading day. July closed with an average of 173,643 units at $1,683,017.
GraceKennedy led trading with 10.77 million shares for 47 percent of total volume followed by Transjamaican Highway with 5.68 million units for 24.8 percent of the day’s trade, Wigton Windfarm with 1.63 million units for 7.1 percent market share and Caribbean Producers ended with 1.13 million units for 4.9 percent of the day’s trades.
The All Jamaican Composite Index lost 4,970.96 points to end at407,706.55, the JSE Main Index fell 3,398.45 points to 359,146.76 and the JSE Financial Index shed 1.59 points to close at 85.56.
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 are computed based on ICInsider.com’s forecasted earnings for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Berger Paints dropped 94 cents to $10.51 after trading 1,629 shares, Caribbean Producers jumped $1.44 to close at $14.70 after 1,127,687 stocks passed through the market, Eppley fell $1 to $40 with 2,823 units clearing the market. Eppley Caribbean Property Fund lost $4.98 in closing at $40.02, with 820 stock units changing hands, First Rock Real Estate rallied 96 cents to end at $12.46 while exchanging 118 stock units, GraceKennedy shed $1.59 to end at $93.40 in an exchange of 10,773,935 stocks. Guardian Holdings declined $18.99 in closing at $511.01 with a transfer of 57 shares, JMMB Group dipped 51 cents to $40.99 as investors exchanged 29,513 units, Kingston Properties declined 35 cents to close at $7.05 in exchanging 4,555 stock units. Kingston Wharves popped $1.15 to end at $39 after a transfer of 5,323 units, Margaritaville fell $1 to $26.55 in exchanging 58 stocks, Massy Holdings lost $1 to close at $85.50 in trading 3,005 shares. Mayberry Investments dropped 78 cents to end at $9.12 in switching ownership of 535,690 stock units, MPC Caribbean Clean Energy shed $16.49 to $68 after trading 259 units, NCB Financial advanced $1.80 in closing at $92.80 with investors transferring 32,384 stocks. 138 Student Living dipped 75 cents to end at $6.50 with 76,424 shares changing hands, Palace Amusement climbed $11 to close at $711 with the swapping of 123 shares, Portland JSX fell $3 to $9 with an exchange of 95,118 units. Sagicor Group lost $3.49 after ending at $51.01, with 21,517 stocks crossing the market, Salada Foods shed 42 cents in closing at $4.90 with an exchange of 5,446 stock units, Scotia Group declined $1.63 ending at a 52 weeks’ low of $32.38 after exchanging 106,989 units and Stanley Motta dipped 63 cents in closing at $4.66 with investors transferring 34,909 stock units.
In the preference segment, Jamaica Public Service 9.5% jumped $450 to close at $3100 after trading 12 stocks.
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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading pulls back for Junior Market

August 29, 2022 by

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with the volume and value of stocks traded declining modestly below that on Friday with an exchange of 45 securities versus 44 on the previous day and ended with prices of 21 rising, 20 declining and four closing unchanged.
A sum of 10,844,740 shares were traded for $34,617,754 compared to 11,228,856 units at $38,807,870 on Friday. Trading averaged 240,994 shares at $769,283 on Monday compared to 255,201 shares at $881,997 on Friday, with month to date, averaging 351,870 units at $1,181,801 compared to 358,007 units at $1,204,634 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Mailpac Group led trading with 2.16 million shares for 19.9 percent of total volume, followed by Fosrich with 1.56 million units for 14.4 percent of the day’s trade and Dolla Financial with 1.28 million units for 11.8 percent market share.
At the close, the Junior Market Index dipped 7.26 points to 4,161.12.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging dropped 18 cents to $3.81, with 10,798 shares changing hands, Blue Power gained 32 cents to end at $3.52 in trading 256 stock units, CAC 2000 dived $2.05 to close at $6.20 in trading 55 units. Caribbean Assurance Brokers climbed 15 cents to $2.65 after 5,269 stocks crossed the exchange, Caribbean Cream declined 37 cents in closing at $3.88 while exchanging 17,569 shares, Consolidated Bakeries popped 32 cents to a 52 weeks’ closing high of $2.31 after trading 341,603 units. Dolphin Cove gained $1 to end at $14.50 after exchanging 114,990 stocks, Express Catering rallied 34 cents to $5.94 with the swapping of 2,928 stock units, Fontana lost 27 cents in closing at $8.98 after a transfer of 200,507 stock units. Future Energy Source fell 25 cents to $5.35 in an exchange of 835,887 units, General Accident shed 85 cents to end at $5 as investors exchanged 165,751 shares, iCreate fell 10 cents to $4.20, with 151,415 stocks clearing the market. Jamaican Teas rose 13 cents in closing at $2.71, with 249,442 stocks crossing the market, KLE Group advanced 27 cents to $2.07 with an exchange of 405 units, Knutsford Express rallied 16 cents to close at $7 with investors transferring 3,716 shares. Lasco Manufacturing lost 25 cents in ending at $4.30, trading 10,683 stock units, Medical Disposables popped 20 cents to close at $5.80, with 21,944 stock units crossing the market, MFS Capital Partners declined 11 cents in closing at $3.89 after exchanging 195,362 stocks. Stationery and Office Supplies dipped 65 cents to $15.30 in switching ownership of 2,839 shares and Tropical Battery climbed 11 cents to end at $2.70 with a transfer of 414,804 units.
In the preference segment, CAC 2000 9.5% preference share rose 18 cents to close at $1.18 in exchanging 1,972 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Pull back for JSE on Monday

August 29, 2022 by

Trading chilled on Monday on the Jamaica Stock Exchange and ended with the volume and value of stocks traded rising over that on Friday but with slippage in the main and Junior markets, resulting in the JSE Combined Index a measure of the overall market, dropping 3,242.85 points to 373,224.37.
The All Jamaican Composite Index fell 4,970.96 points to 407,706.55, the JSE Main Index dropped 3,398.45 points to 359,146.76, the Junior Market Index slipped 7.26 points to 4,161.12 and the JSE USD market Index rallied 0.61 points to 214.14.
Trading ended with 33,811,840 shares changing hands with the value at $1.126 billion, compared to $213 million from 28,384,275 shares traded in the overall market on Friday.  The JSE USD market ended with the value of stocks traded at US$9,558 versus US$13,332 on the previous day of trading.    The market’s PE ratio ended at 23 based on 2021-22 earnings and 12.5 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.

Filed Under: JSE Combined, Stock Market Tagged With: , , , , , , , , , ,
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