The usual month end rally surfaced again on the last trading day for July, on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks rising 232 percent more than on Thursday, with a 157 percent higher value, with rising stocks exceeding those declining.
The All Jamaican Composite Index gained 1,802.80 points to close at 429,500.62, the JSE Main Index climbed 1,031.73 points to 375,693.41 and the JSE Financial Index inched 0.52 points higher to 89.64.
Trading ended with 59 securities compared to 56 on Thursday, with 23 rising, 21 declining and 15 ending unchanged.
At the close of trading, 22,398,173 shares were exchanged for $169,689,057 versus 6,738,750 units at $66,010,050 on Thursday. Trading averages 379,630 units at $2,876,086, compared to 120,335 shares at $1,178,751 on Thursday and a month to date, average of 173,643 units at $1,683,017, compared to 162,714 units at $1,619,716 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 9.80 million shares for 43.7 percent of total volume, followed by JMMB Group 7.35% – due 2028, with 5.08 million units for 22.7 percent of the day’s trade and Transjamaican Highway with 1.80 million units for 8 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows 15 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Eppley dropped $1.98 to end at $38.70 with an exchange of 866 shares, Guardian Holdings shed $5 in ending at $505, with 139 stocks crossing the market, Jamaica Producers climbed $1.71 to $22.49 in an exchange of 143,940 units. Jamaica Stock Exchange increased $1.54 to close at $19.49, with 235,971 stock units clearing the market, Mayberry Investments gained 89 cents in closing at $10.69 after trading 37,405 units, Mayberry Jamaican Equities lost 50 cents to end at $14.50 in exchanging 570 stock units. NCB Financial rallied $6.95 to $97, trading 15,437 stocks, Palace Amusement fell $1 to close at $889 in exchanging one share, PanJam Investment rose 54 cents in closing at $64.99 with the swapping of 11,910 units. Proven Investments declined 79 cents after ending at $32.51, with 44,818 stock units crossing the exchange, Salada Foods popped 50 cents to end at $5.10 in trading 4,882 stocks, Scotia Group advanced 47 cents while ending at $36.47 in trading 17,005 shares. Seprod gained $1.93 in closing at $70 after exchanging 23,844 units, Supreme Ventures climbed 62 cents to close at $30, with 184,773 stocks changing hands.
In the preference segment, 138 Student Living preference share rose 90 cents to a 52 weeks’ close of $40 with an exchange of 101 stock units and Productive Business Solutions 9.75% preference share increased 50 cents to $105 in switching ownership of 1,945 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No losers just winners
The volume of stocks traded surged 1,375 percent higher on Friday than on Thursday with 58 percent greater value on the Jamaica Stock Exchange US dollar market ended, resulting in 10 securities trading, compared to five on Thursday with six rising, none declining and four ending unchanged.
Overall, 1,735,411 shares traded for US$33,791 up from 117,636 units at US$21,357 on Thursday. Trading averaged 173,541 units at US$3,379, compared to 23,527 shares at US$4,271 on Thursday, with the month to date averaging 49,665 shares at US$3,449 versus 40,062 units at US$3,454 on the previous day. June ended with an average of 71,901 units for US$8,793. The JSE US Denominated Equities Index gained 3.86 points to end at 209.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share finished at 6.5 US cents in switching ownership of 744 shares, Margaritaville remained at 14.98 US cents after exchanging 19 stocks, MPC Caribbean Clean Energy ended unchanged at US$1.30 in trading 13 stock units. Proven Investments increased 0.95 of one cent to close at 23 US cents, with 56,462 units crossing the exchange, Sterling Investments ended unchanged at 2.08 US cents after trading 509 stocks, Sygnus Credit Investments USD share rose 0.88 of a cent to end at 11.99 US cents in exchanging 43,476 stock units and Transjamaican Highway gained 0.06 of a cent in closing at 0.96 US cents while exchanging 1,634,177 units.
In the preference segment, Equityline Mortgage Investment preference share climbed 18 cents to US$1.85 after trading nine shares, JMMB Group 5.75% advanced 2 cents to close at US$2.05 in an exchange of one stock unit and JMMB Group 6% popped 5 cents to US$1.10 with the swapping of one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich pressures Junior Market for a third day
The Fosrich stock price suffered more declines in trading on Friday as investors poured more stocks into the market as they reduced their holdings following the ten for one stock split and dropped 48 cents to $3.39. At the close, the Junior Market index was down 57.37 points to close at 4,202.31, but the other major indices rose, helping the JSE Combined Index a measure of the overall market, to rise 448.77 points to 389,065.92.
Trading ended, with 41,017,992 shares changing hands well over Thursday’s 22,007,277 shares changing hands in the overall market, with a value of $222.7 million, while the JSE USD market ended with the value of stocks traded at US$33,791.
At the close, the All Jamaican Composite Index climbed 1,802.80 points to 429,500.62, the JSE Main Index rose 1,031.73 points to 375,693.41 and the JSE USD market Index popped 3.86 points to 209.88.
The market’s PE ratio ended at 24 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 choices, 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 dips on JSEUSD market
Trading on Thursday ended, with the volume of stocks traded declining 75 percent compared to Wednesday while the value slipped 44 percent, on the Jamaica Stock Exchange US dollar market, resulting in five securities trading, compared to eight on Wednesday with no rising, four declining and one ending unchanged.
Overall, 117,636 shares were traded for US$21,357 down from 474,951 units at US$37,897 on Wednesday. Trading averaged 23,527 units at US$4,271, compared to 59,369 shares at US$4,737 on Wednesday, with a month to date average of 40,062 shares at US$3,454 versus 40,729 units at US$3,421 on the previous day. Wednesday. June ended with an average of 71,901 units for US$8,793. The JSE US Denominated Equities Index lost 2.09 points to end at 206.02.
The PE Ratio, a measure used to compute appropriate stock values, currently averages 8.8. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share declined 0.5 of a cent to close at 6.5 US cents with 19,841 shares crossing the market, Proven Investments lost 0.95 of one cent after ending at 22.05 US cents with 64,947 units clearing the market, Sygnus Credit Investments USD share finished at 11.11 US cents in exchanging 4,762 stock units and Transjamaican Highway dropped 0.03 of a cent in closing at 0.9 of one US cent in an exchange of 23,586 stocks.
In the preference segment, JMMB Group 6% shed 5 cents to US$1.05 after 4,500 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich pushes Junior Market down
The Fosrich stock split that showed up in investors account today released a flood of offers in the market in the process pushed the price back to the pre-split levels shortly after trading opened resulting in 5.45 million shares trading, with the day’s high of $4.40. The effect of the fall helped to push the Junior Market index down 129.21 points to close at 4,259.68. The fall of the Junior Market helped in dropping the JSE Combined Index a measure of the overall market, slipping 2,945.66 points to 388,617.15.
The market ended, with 22,007,277 shares trading with a value of $121.9 million, while the JSE USD market ended with the value of stocks traded at US$21,357.
At the close the All Jamaican Composite Index lost 2,610.73 points to end at 427,697.78, the JSE Main Index fell 1,907.55 points to close at 374,661.68 and the JSE USD market Index popped 2.09 points to 206.02.
The market’s PE ratio ended at 23.8 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 choices, 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.
Steady trading for JSEUSD Market
Trading close of the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded declining 8 percent with a 10 percent value lower than for trading on Tuesday, resulting in an exchange of eight securities the same as on Tuesday with three rising, two declining and three ending unchanged.
A total of 474,951 shares traded for US$37,897 versus 516,424 units at US$42,336 on Tuesday.
Trading averaged 59,369 units at US$4,737, down from 64,553 shares at US$5,292 on Tuesday, with a month-to-date average of 40,729 units at US$3,421 versus 39,443 units at US$3,330 on the previous day. June ended with an average of 71,901 shares for US$8,793.
The JSE US Denominated Equities Index gained 1.93 points to end at 208.11.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share rose 0.05 of a cent to close at 7 US cents, with 344,935 shares clearing the market, Margaritaville rallied 2.98 cents to 14.98 US cents while a mere one stock crossed the exchange, MPC Caribbean Clean Energy fell 10 cents to US$1.30 with one stock unit trading. Productive Business Solutions ended unchanged at US$1.14 with just one stock unit crossing the market, Proven Investments advanced 0.41 of a cent to end at 23 US cents after an exchange of 55,481 stocks, Sygnus Credit Investments USD share declined 0.88 of one cent after ending at 11.11 US cents with the swapping of 4,603 units and Transjamaican Highway remained at 0.93 US cents with an exchange of 69,928 shares.
In the preference segment, JMMB Group 6% finished at US$1.10 in trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.