Market activity ended on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 58 percent with an 87 percent higher value than on Thursday as rising stocks just exceeded those falling.
The All Jamaican Composite Index shed 2,760.54 points to 443,604.86, the JSE Main Index lost 1,705.22 points to close at 389,557.86 and the JSE Financial Index dipped 0.55 points to settle at 91.98.
On Friday, 54 securities were traded, down from 57 on Thursday, with 22 rising, 21 declining and 11 unchanged.
The PE Ratio, a formula to compute appropriate stock values, averages 15.1. 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.
Overall, 7,435,594 shares traded for $128,125,542 versus 17,737,465 units at $68,560,146 on Thursday. Trading averages 137,696 units at $2,372,695, compared to 311,184 shares at $1,202,810 on Thursday and month to date, an average of 267,179 units at $1,856,762, compared to 332,525 units at $1,596,385 on the previous trading day. May closed with an average of 238,645 units at $3,561,016.
Transjamaican Highway led trading with 1.63 million shares for 21.9 percent of total volume, followed by Supreme Ventures with 1.41 million units for 18.9 percent of the day’s trade and JMMB Group with 1.12 million units for 15 percent market share.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments popped 49 cents in closing at $88.50 in trading 9,074 shares, Berger Paints advanced 30 cents to end at $11.30, with 423 stocks crossing the exchange, Caribbean Cement dropped $1.50 to close at $65.50 as 7,350 stock units changed hands. GraceKennedy rallied 50 cents to $109.50 in switching ownership of 93,121 units, Guardian Holdings shed $1 in ending at $534 with an exchange of 2,608 shares, Jamaica Producers gained 30 cents to $22.80 after 7,565 units crossed the market. JMMB Group declined 99 cents to close at $44 with 1,116,258 stock units clearing the market, Kingston Wharves lost 62 cents in ending at $38.98 after trading 301 stocks, NCB Financial fell $3.88 in closing at $101.02 in exchanging 51,678 stocks. PanJam Investment climbed $1.50 to end at $67.50 while exchanging 801 stock units, Proven Investments increased 51 cents to end at $38.50 after exchanging 44,633 shares, Sagicor Group dropped 75 cents to $54.25, with 47,796 units changing hands. Scotia Group rose $1.40 to close at $37, with 91,201 units crossing the market, Seprod declined 87 cents to $71 in an exchange of 2,846 shares and Supreme Ventures rallied 50 cents in closing at $30.50 with the swapping of 1,406,282 stocks.
In the preference segment, Eppley 7.25% preference share gained $1.99 in ending at $22 after exchanging 200 stock units, Eppley 7.50% preference share climbed 72 cents in closing at $7.23 in trading just two shares, JMMB Group 7.25% preference share lost 42 cents to close at $2.79 in trading 1,078 units and 138 Student Living s preference share advanced $1.66 to end at $18.16, with 53 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump in JSE USD trading
Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks traded jumping 675 percent and the value 175 percent more than on Thursday which resulted in more stocks falling than rising.
A total of eight securities traded, down from 10 on Thursday with one rising, three declining and four ending unchanged. The JSE US Denominated Equities Index slipped 0.04 points to end at 215.10.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 3,358,668 shares traded for US$92,093, up from 433,478 units at US$33,431 on Thursday.
Trading averaged 419,834 units at US$11,512, up from 43,348 shares at US$3,343 on Thursday, with month to date average of 161,249 shares at US$5,556 versus 39,563 units at US$2,754 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share dropped 0.35 of a cent to close at 7.5 US cents after exchanging 2,011 shares, Margaritaville ended at 15 US cents, with 5 stocks crossing the market, Productive Business Solutions finished at US$1.15 after exchanging one stock unit. Proven Investments advanced 0.5 of a cent to 26.5 US cents in trading 221,280 units, Sygnus Credit Investments USD share fell 0.02 of a cent in closing at 11.08 US cents while exchanging 52,041 shares and Transjamaican Highway ended unchanged at 0.90 of one US cents after 3,082,665 stock units changed hands.
In the preference segment, JMMB Group 5.75% remained at US$2.32 trading one and JMMB Group 6% declined 9 cents in closing at US$1.01 with the swapping of 664 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior stocks up blue chips down
Junior Market stocks extended the recovery from the selloff that started on the 12th of May and ended early last week as investors raised funds to invest in the Dolla IPO. The market put on 36.48 points on Friday to close at 4,263.14. The Jamaica Stock Exchange Main indices declined and that of the USD market just slipped marginally. At the close, the JSE Combined Index dipped 1,272.50 points to close at 402,566.90.
The All Jamaican Composite Index shed 2,760.54 points to 443,604.86, the JSE Main Index dropped 1,705.22 points to close at 389,557.86 and the JSE USD market index sipped 0.03 points to 215.10. Investors exchanged 29,408,449 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to $188.3 million and the JSE USD market, US$92,093.
The market’s PE ratio ended at 24.5 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate the 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.
Gains for JSE USD market
Trading closed on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks traded climbing 81 percent and the value 150 percent more than on Wednesday, resulting in more stocks rising than falling.
A total of 10 securities traded, compared to seven on Wednesday, with three rising, one declining and six ending unchanged. The JSE US Denominated Equities Index rose 1.88 points to end at 215.14.
Overall, 433,478 shares were traded for US$33,431, up from 239,089 units at US$13,384 on Wednesday. Trading averaged 43,348 units at US$3,343, compared to 34,156 shares at US$1,912 on Wednesday, with a month to date average of 39,563 shares at US$2,754. May ended with an average of 47,916 units for US$3,528.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio uses ICInsider.com earnings forecast for companies with financial year ending up to August 2023.
Investor’s Choice bid-offer indicator shows three ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share finished at 7.85 US cents, with 36 shares clearing the market, Margaritaville ended unchanged at 15 US cents after trading 90 stocks, Productive Business Solutions climbed 15 cents to end at US$1.15 after exchanging one unit. Proven Investments remained at 26 US cents with 32,878 stock units changing hands, Sygnus Credit Investments USD share shed 0.9 of a cent to close at 11.1 US cents after exchanging 163,354 units, Sygnus Real Estate Finance USD share finished at 12 US cents, with 880 stock units crossing the market and Transjamaican Highway ended unchanged at 0.9 of one US cent in trading 232,023 shares.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.70 trading one stock unit, JMMB Group 5.75% advanced 29 cents to end at US$2.32 with an exchange of 213 shares and JMMB Group 6% gained 8.77 cents after ending at US$1.10, with 4,002 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Recovery checked for JSE stocks
Stocks closed mixed on the second trading day for June, with the Jamaica Stock Exchange Main and Junior Market indices declining and that of the USD market rising at the close of trading on Wednesday as the market recovered from sell off over the last two weeks of May cooled off. In the end, the JSE Combined Index dipped 1,911.25 points to close at 403,839.41.
The All Jamaican Composite Index shed 2,414.76 points to settle at 446,365.40, the JSE Main Index dropped 1,933.62 points to close at 391,263.08, the Junior Market lost 11.36 points to end at 4,226.66 and the JSE USD market index popped 1.88 points to 215.14.
Investors exchanged 25,114,906 shares in all markets, with the value of stocks traded in the Main and Junior markets amounting to a mere $99.7 million and in the JSE USD market, US$33,431.
The market’s PE ratio ended at 24.8 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate the 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.
Slippage in trading for JSE USD market
Trading closed on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded declining 72 percent after 37 percent less funds entered the market compared to Tuesday, resulting in an even number of stocks rising and declining.
A total of seven securities traded, compared to nine on Tuesday with two rising, two declining and three ending unchanged. The JSE US Denominated Equities Index lost 1.46 points to end at 213.26.
The PE Ratio, a measure used in valuing stocks, averages 9 for the JSE USD market. The PE ratios are calculated using projected earnings computed by ICInsider.com for companies with financial year ending, mainly between September 2022 and August 2023.
Overall, 239,089 shares traded, for US$13,384 compared to 841,912 units at US$21,187 on Tuesday.
Trading averaged 34,156 units at US$1,912, compared to 93,546 shares at US$2,354 on Tuesday. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows three ended with a bid higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share rallied 0.85 of a cent to 7.85 US cents with the swapping of 803 shares, Margaritaville ended unchanged at 15 US cents in exchanging 5 units, Proven Investments remained at 26 US cents, with 15,106 stock units crossing the market. Sterling Investments climbed 0.14 of a cent to 2.14 US cents, with 235 stocks changing hands, Sygnus Credit Investments USD share lost 0.7 of one cent in closing at 12 US cents as 63,342 shares were traded, Sygnus Real Estate Finance USD share ended at 12 US cents in trading 887 stocks and Transjamaican Highway dropped 0.06 of a cent in closing at 0.9 of one US cent after an exchange of 158,711 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.