Trading surged on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks rising 965 percent, valued at 1,869 percent more than on Thursday. Market activity led to movement in eight securities, similar to Thursday, with four declining and four ending unchanged.
Overall, 207,350 shares traded for US$110,809 up from 19,463 units at US$5,629 on Thursday.
Trading averaged 25,919 shares at US$13,851 against 2,433 shares at US$704 on Thursday, with an average of 20,114 shares at US$6,744 for the month to date compared to 18,456 units at US$4,713 on the previous day. July ended with an average of 49,665 units for US$3,449.
On a day when there were no winners, the JSE US Denominated Equities Index lost 8.31 points to end at 199.97.
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 two stocks ended with higher bids than the last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 6.96 US cents after trading 2,434 shares, Margaritaville ended at 14.98 US cents with an exchange of two units, Productive Business Solutions declined 14 cents to US$1 while exchanging five shares. Proven Investments fell 0.45 of a cent to 22.5 US cents after trading 8,210 stocks, Sterling Investments closed at 2 US cents, with 29,452 stocks changing hands, Sygnus Credit Investments USD share shed 0.8 of a cent to 12 US cents with an exchange of 33 shares and Transjamaican Highway lost 0.02 of a cent in closing at 0.93 of a US cent after trading 52,061 units.
In the preference segment, JMMB Group 6% finished at 93.5 US cents, exchanging 115,153 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume up, prices fall on JSE USD market
Guardian Holdings shot up $144 to $650
The Jamaican stock exchange main market bounced for a second day on Friday with Guardian Holdings surging $144 to close at $650 and the Junior Market and the JSE USD market index closed lower. The JSE Combined Index a measure of the overall market, rose 3,142.27 points to 386,014.00, with the volume and value of stocks traded rising sharply over Wednesday.
Trading ended with 56,198,861 shares changing hands with a value of $288.6 million up from $266.5 million, versus 84,314,052 shares trading in the overall market on the prior day. The JSE USD market ended with the value of stocks traded at US$110,809.
At the close, the All Jamaican Composite Index climbed 2,681.01 points to 423,550.33, the JSE Main Index jumped 3,601.11 points to close at 372,936.80, the Junior Market Index fell 24.99 points to close at 4,149.55 and the JSE USD market Index dropped 8.31 points to 199.97.
The market’s PE ratio ended at 23.2 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.
Trading nosedives on JSE USD market
Trading on Thursday ended, with the volume of stocks traded declining 92 percent after the value dropped 94 percent from Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in eight securities traded, compared to nine on Wednesday with four rising, one declining and three ending unchanged.
The JSE US Denominated Equities Index gained 2.01 points to end at 208.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.1. The PE ratio incorporates ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 19,463 shares were traded for US$5,629 versus 253,464 units at US$93,203 on Wednesday. Trading averaged 2,433 units at US$704 against 28,163 shares at US$10,356 on Wednesday, with a month to date average of 18,456 shares at US$4,713 versus 24,865 units at US$6,317 on the previous day. July ended with an average of 49,665 units for US$3,449.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two ended with lower offers.
At the close, First Rock Real Estate USD share popped 0.46 of a cent to end at 6.96 US cents, after 58 shares crossed the market, Margaritaville finished at 14.98 US cents after trading seven stock units, Proven Investments gained 0.2 of a cent to close at 22.95 US cents, with a trader of 7,247 stocks. Sterling Investments ended at 2 US cents in trading 234 units Sygnus Credit Investments USD share rose 0.82 of one cent to end at 12.8 US cents after an exchange of 6,423 units, Sygnus Real Estate Finance USD share fell 0.13 of one cent to 10.5 US cents after exchanging 322 stock units and Transjamaican Highway rallied 0.05 of a cent to end at 0.95 of one US cent in exchanging 1,799 shares.
In the preference segment, JMMB Group 6% ended unchanged at 93.5 US cents after closing, with 3,373 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
SSLVC boost trading on JSE market
The Jamaican stock market bounced on Thursday with the market indices moderately higher at the close, with the JSE Combined Index a measure of the overall market, rising 625.49 points to 382,871.73, with the volume and value of stocks traded rising sharply over Wednesday.
A total of 84,314,052 shares were traded with a value of $266.5 million, versus 16,659,338 shares in the overall market on the prior day. The JSE USD market ended with the value of stocks traded at US$5,629. The day’s trade was bolstered by 61,865,246 units of SSL Venture Capital trading for $202,120,915.
At the close, the All Jamaican Composite Index climbed 543.67 points to 420,869.32, the JSE Main Index rose 480 points to 369,336.69 and the JSE USD market Index slipped 2.01 points to 208.28.
The market’s PE ratio ended at 23.1 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.
Increased trading for JSEUSD Market
Trading volume was marginally higher at the close of the Jamaica Stock Exchange US dollar market, on Wednesday, with the value increasing 181 percent more than on Tuesday, from nine securities trading, compared to 11 on Tuesday and ended with three rising, three declining and three ending unchanged.
A total of 253,464 shares were traded for US$93,203, up from 243,827 units at US$33,140 on Tuesday. Trading averaged 28,163 units at US$10,356, compared to 22,166 shares at US$3,013 on Tuesday, with month to date average of 24,865 shares at US$6,317. July ended with an average of 49,665 units for US$3,449. The JSE US Denominated Equities Index slipped 2.82 points to 206.27.
The PE Ratio, a measure used in computing appropriate stock values, 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 none ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share finished at 6.5 US cents with an exchange of 29,980 shares, Margaritaville ended at 14.98 US cents after exchanging four stock units, MPC Caribbean Clean Energy slipped 1 cent to US$1.29 after 66 stocks changed hands. Proven Investments remained at 22.75 US cents, with 40,176 units crossing the exchange, Sterling Investments increased half a cent in ending at 2 US cents in an exchange of 52 stocks, Sygnus Credit Investments USD share popped 0.86 of a cent to end at 11.98 US cents with eight stock units changing hands. Sygnus Real Estate Finance USD share shed 1.37 cents to end at 10.63 US cents, with 234 units crossing the market and Transjamaican Highway advanced 0.02 of a cent to close at 0.9 of one US cent trading 100,000 shares.
In the preference segment, JMMB Group 6% dropped 16.5 cents in closing at a 52 weeks’ low of 93.5 US cents after exchanging 82,944 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.