Stocks recorded marginal gains for the Junior Market of the Jamaica Stock Exchange with the Main Market and JSE USD market closing moderately lower as trading ended with the number of stocks changing hands falling, but with a higher value than on the previous Friday, resulting in prices of 40 shares rising and 35 declining.
At the close of trading, the JSE Combined Market Index climbed 4,477.60 points to 330,162.54, the All Jamaican Composite Index dived 1,074.34 points to 355,496.20, the JSE Main Index shed 4,686.69 points to end trading at 317,371.31. The Junior Market Index popped 1.27 points to close at 3,718.96 and the JSE USD Market Index lost 2.04 points to end the day at 219.91.
At the close of trading, 18,502,297 shares were exchanged in all three markets, down from 25,075,060 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $220.98 million, well above the $160.33 million on the previous trading day and the JSE USD market closed with an exchange of 533,385 shares for US$13,379 compared to 36,637 units at US$5,319 on Friday.
In Main Market activity, NCB Financial led trading with 3.04 million shares followed by Transjamaican Highway with 2.29 million units, Wigton Windfarm was next with 1.42 million stock units, JMMB 9.5% preference share closed with 1.38 million shares and Sagicor Select Financial Fund with 1.17 million stocks.
In Junior Market trading, Omni Industries led trading with 2.27 million shares followed by Future Energy with 535,987 units and Dolla Financial with 534,594 stocks.
In the preference segment, Eppley 7.50% preference share shed $1.49 to end at $5.50, Jamaica Public Service 7% climbed $3 to end at $48, Productive Business Solutions 10.5% preference share dropped $99.99 to close at $1100 and Sygnus Credit Investments C10.5% rallied $12.55 and ended at $108
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2023-24 earnings and 13.4 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.
Nice price movements in ICTOP10
The listing of Omni Industries on the Junior Market on Tuesday, was the highlight of the Jamaica Stock Exchange during the past week, following a successful offer of share to the public. The market closed with gains in the Main and Junior Market indices, leading to just four stocks rising in the ICTOP10 Main Market and only two in the Junior Market, with gains ranging from three to 12 percent and five with losses in the Junior Market TOP10 and six in the Main Market.
Omni Industries that was never in the TOP10 closed at $1.12, after the price hit a record high of $1.42 on Wednesday, sits in the last quartile of the overall Junior Market, with a fairly healthy PE of 14.
Lasco Financial, last week’s new listing to the Junior Market ICTOP10 climbed 12 percent to $1.70 and dropped out of the listing. Caribbean Cream rallied 7 percent to $4. Caribbean Assurance Brokers fell 8% to close at $3.55, followed by Access Financial, Lumber Depot and tTech falling by 5 percent each to close at $19, $2.65 and $2.35 respectively.
In the Main Market, Berger Paints, General Accident and Palace Amusement rose 8 percent to close at $8.95, $7 and $1.15 respectively. Margaritaville fell 8 percent to close at $14.50, Key Insurance fell 6 percent to $2.24 and JMMB Group dipped 5 percent to $24.25.
The Junior Market listed AMG Packaging is the the only new addition to the ICTOP10 for the week, coming in at $3.30.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14 and the Junior Market TOP10 sits at 6.7, just over half of the market, with an average of 12.4.
The Main Market ICTOP10 is projected to gain an average of 295 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 212 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 103, with an average of 30 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 45, averaging 20, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure for stocks currently.
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.
Trading rises to close the week with gains
Increased Main Market activity ended the week on the Jamaica Stock Exchange on Friday, with 23 percent more stocks trading after a 9 percent rise in value than on Thursday, with trading in 56 securities compared with 58 on Thursday, resulting in prices of 15 stocks rising, 22 declining and 19 ending unchanged as the market closed higher than the close of the previous week.
Trading averaged 346,523 shares at $2,670,504 compared with 271,669 units at $2,355,307 on Thursday and month to date, an average of 261,033 units at $1,624,316 compared with 252,000 units at $1,513,776 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Wigton Windfarm led trading with 7.43 million shares for 38.3 percent of total volume followed by Sagicor Select Financial Fund with 5.13 million units for 26.4 percent of the day’s trade, GraceKennedy with 1.51 million stocks for 7.8 percent of traded volume, Sagicor Select Manufacturing & Distribution Fund with 1.46 million shares for 7.5 percent market share and JMMB 9.5% preference share with 1.23 million units for 6.4 percent of total volume.
The All Jamaican Composite Index lost 158.45 points to close at 356,570.54, the JSE Main Index climbed 2,061.91 points to settle at 322,058.00 and the JSE Financial Index dipped 0.16 points to close at 67.11.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Barita Investments dipped 68 cents to close at $71.04 as investors traded 4,875 stock units, Caribbean Cement sank $3.73 to end at $61, with 21,320 shares changing hands, General Accident rallied $1.78 in closing at $7 with an exchange of just 1,028 units. Guardian Holdings shed $15 to finish at $345 with a transfer of 20 stocks, Jamaica Broilers increased 48 cents and ended at $32.51 after it closed with an exchange of 8,889 units, Jamaica Producers climbed 36 cents to $22.25 with investors trading 2,069 shares. Jamaica Stock Exchange popped 95 cents to $10.85 in switching ownership of 502 stock units, JMMB Group gained 45 cents and ended at $24.55 with investors trading 4,499 stocks, Lasco Manufacturing lost 40 cents to close at $6.60, with 150,845 units crossing the market. 
Margaritaville dropped 30 cents in closing at $14.50 after trading of just 5 stocks, Massy Holdings rose $3.75 to finish at $97.75 after 89 shares passed through the market, NCB Financial fell $1.35 to end at $57.65 in trading 61,403 stock units. Pan Jamaica advanced $2.19 in closing at $48.99 after an exchange of 3,619 shares, Proven Investments skidded $1.39 to $18.61with investors clearing the market of 47,204 units, Sagicor Group slipped 30 cents and ended at $40 with an exchange of 35,005 stocks. Scotia Group popped $1.25 to finish at $43.46 with 31,732 stock units crossing the market, Seprod rallied $1.49 to end at $79.99 in an exchange of 3,829 shares, Supreme Ventures shed 48 cents to close at $22.52 with traders dealing in 31,595 stocks and Sygnus Credit Investments fell 49 cents to $10.29 after a transfer of 486,325 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Junior Market to close week
Rising stocks drove the Junior Market of the Jamaica Stock Exchange higher on Friday, with the market index touching over 3,760 points before falling back to close 29.00 points higher for the day at 3,717.69, following trading in 40 securities up from 37 on Thursday and ending with prices of 15 rising, 13 declining and 12 closing firm after a 29 percent decline in the volume of stocks traded, with 42 percent less value than Thursday.
Trading closed with 5,633,135 shares for $10,782,635 down from 7,971,053 units at $18,706,118 on Thursday.
Trading averaged 140,828 shares at $269,566 compared to 215,434 units at $505,571 on Thursday. Trading for the month to date, averages 215,926 units at $441,345 down from 224,156 stocks at $460,170 on the previous day and May with an average of 451,257 units at $953,021.
Omni Industries led trading with 2.45 million shares for 43.4 percent of total volume followed by Lasco Financial with 575,941 units for 10.2 percent of the day’s trade and Dolla Financial with 569,701 units for 10.1 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging lost 19 cents to end at $3.30 with investors dealing in 10,000 shares, Blue Power gained 64 cents to $3.69, with 22,683 stocks clearing the market, CAC 2000 sank 22 cents to $3.30 after trading of 283 shares. Cargo Handlers slipped 26 cents to end at $13 after 300 stock units passed through the market, Caribbean Assurance Brokers fell 22 cents and ended at $3.55 and closing with 45,389 shares passing through the market, Consolidated Bakeries rose 15 cents to finish at $2.15 with investors trading just 51 stocks. Dolphin Cove rallied $3 and ended at $22.50 in switching ownership of 8,499 units, Express Catering dropped 99 cents to $4 after a transfer of 406,642 stock units, Image Plus popped 11 cents to end at $1.86 with investors swapping 36 shares. 
Jetcon Corporation advanced 10 cents in closing at 80 cents with a transfer of 301 stock units, Lasco Financial climbed 15 cents to finish at $1.70 as investors exchanged 575,941 stocks, MFS Capital Partners shed 18 cents to end at a 52 weeks’ closing low of $1.02 after it hit an intraday low of 95 cents with 428,315 stocks being traded. Omni Industries gained 9 cents to $1.12 with an exchange of 2,447,168 shares, Spur Tree Spices popped 9 cents in closing at $2.35, with 323,059 stocks crossing the market and Tropical Battery rallied 11 cents and ended at $2.23 with traders dealing in 37,485 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for all JSE Markets
Rising stocks pushed the Jamaica Stock Exchange three markets higher on Friday to end the week, resulting in prices of 29 shares rising and 32 declining as the market closed with an increase in the number of stocks changing hands, with a higher value over the previous trading day after Guardian Holdings dropped $15 to be the leading price mover.
At the close of trading on Friday, the JSE Combined Market Index rallied 2,179.26 points to 334,640.14, the All Jamaican Composite Index slipped 158.45 points to close at 356,570.54, the JSE Main Index rose 2,061.91 points to end trading at 322,058.00. The Junior Market Index climbed 29.00 points to close at 3,717.69, after hitting 3760 points in the morning session and the JSE USD Market Index rose 2.09 points to end the day at 221.95.
At the close of trading, 25,075,060 shares were exchanged in all three markets, up from 24,103,951 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $160.33 million, a fraction more than the $153 million on the previous trading day and the JSE USD market closed with an exchange of 36,637 shares for US$5,319 compared to 456,359 units at US$13,103 on Thursday.
In Main Market activity, Wigton Windfarm led trading with 7.43 million shares followed by Sagicor Select Financial Fund with 5.13 million units, GraceKennedy was next with 1.51 million shares, Sagicor Select Manufacturing & Distribution Fund closed with 1.46 million stock and JMMB 9.5% preference share with 1.23 million units.
In the Junior Market, Omni Industries was the leading traded stock with 2.45 million units, to be followed by Lasco Financial with 575,941 stock units and Dolla Financial with 569,701 units.
In the preference segment, no stock ended with a notable price change.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 based on 2023-24 earnings and 13.3 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.
Main Market rallies
Main Market stocks closed higher In trading on the Jamaica Stock Exchange on Thursday, with MPC Caribbean Energy jumping $14.30 to the highest level since early March this year and leading the 14 stocks rising for the day with trading in 58 securities compared with 57 on Wednesday resulting in prices of 22 declining and 22 ending unchanged.
The market closed with 56 percent more shares with 15,756,830 units changing hands with an 86 percent greater value of $136,607,787 up from 10,130,721 units at $73,404,291 on Wednesday.
Trading on Thursday averaged 271,669 shares at $2,355,307 up from 177,732 units at $1,287,795 on Wednesday and for the month to date, an average of 252,000 stocks at $1,513,776 compared with 249,583 units at $1,410,367 on the previous day and May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 6.77 million shares for 43 percent of total volume followed by Carreras with 2.01 million units for 12.7 percent of the day’s trade and Sagicor Select Financial Fund with 1.27 million units for 8.1 percent of the day’s trade.
The All Jamaican Composite Index rose 2,126.19 points to 356,728.99, the JSE Main Index increased 1,388.74 points to 319,996.09 and the JSE Financial Index popped 0.34 points to settle at 67.27.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden lost $3.65 to finish $34 608 stock units crossing the market, Caribbean Cement climbed $2.33 and ended at $64.73 as investors exchanged 107,900 shares, Eppley increased by $1.95 to close at $38.95, with 1,616 stocks crossing the market. General Accident slipped $1.33 to finish at $5.22 after an exchange of 121,844 units, GraceKennedy popped 53 cents to end at $76.50 in trading 115,040 shares, Jamaica Broilers sank $1.77 in closing at $32.03, with 516,486 units changing hands. 
JMMB Group shed 41 cents to close at $24.10 in trading of 88,348 stocks, Kingston Properties declined by 40 cents to finish at $8 with 1,306 stocks changing hands, Lasco Manufacturing popped 55 cents and ended at a 52 weeks’ high of $7, with investors trading 440,062 shares. MPC Caribbean Clean Energy rose $14.30 to close at $109.30 in an exchange of 65 units, NCB Financial rallied $1.50 in closing at $59 after 45,720 stocks passed through the market, Pan Jamaica fell $2.70 to end at $46.80 with traders dealing in 600 stock units. Scotia Group dipped $1.25 in closing at $42.21 after a transfer of 549,676 shares and Seprod skidded $1.25 to $78.50, with 103,203 units crossing the exchange.
In the preference segment, Sygnus Credit Investments C10.5% dropped $16.86 to finish at $95.45 in switching ownership of 10,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All stocks fell on the JSE USD Market
All stocks declined on Thursday in trading on the Jamaica Stock Exchange US dollar market with four securities changing hands the same number as Wednesday and ended with the volume of stocks exchanged rising 502 percent, with an 11 percent lower value than on Wednesday.
The market closed with an exchange of 456,359 shares for US$13,103 compared to 75,761 units at US$14,761 on Wednesday.
Trading averaged 114,090 units at US$3,276 versus 18,940 shares at US$3,690 on Wednesday, with a month to date average of 47,993 shares at US$2,923 compared with 43,272 units at US$2,898 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.15 points to end at 219.86.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, MPC Caribbean Clean Energy dipped 3 cents to end at 61 US cents with investors swapping 102 stock units and Transjamaican Highway sank 0.09 of a cent to 2.01 US cents in an exchange of 454,099 shares.
In the preference segment, JMMB Group 5.75% skidded 30 cents to close at US$1.70 with 2,142 stocks changing hands and Productive Business Solutions 9.25% preference share fell 55 cents in closing at US$10.90 after an exchange of 16 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Omni almost back to IPO price
Omni Industries ended trading activity on the Junior Market of the Jamaica Stock Exchange on Thursday as the leading trade, as the demand for the stock pulled back resulting in the price closing just three cents above the $1 IPO price and helping in a 68 percent decline in the volume of stocks traded in the overall market with a 56 percent lower value than Wednesday and ending with trading in only 37 securities down from 40 on Wednesday with prices of 12 rising, 16 declining and nine closing unchanged.
The market closed with trading of 7,971,053 shares for $18,706,118 down from 25,008,612 units at $42,711,488 on Wednesday.
Trading averaged 215,434 shares at $505,571 down from 625,215 units at $1,067,787 on Wednesday, with trading month to date, averaging 224,156 units at $460,170 compared with 225,140 stock units at $455,048 on the previous day and May with an average of 451,257 units at $953,021.
Omni Industries led trading with 4.40 million shares for 55.2 percent of total volume followed by Dolla Financial with 692,171 units for 8.7 percent of the day’s trade and Fontana with 631,273 units for 7.9 percent market share.
At the close of trading, the Junior Market Index dipped 24.19 points to close at 3,688.69.
The Junior Market ended trading with an average PE Ratio of 12.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Access Financial dropped 45 cents to finish the trading of 5 stock units at $19, Blue Power fell 14 cents and ended at $3.05 with an exchange of 93,376 shares, Caribbean Assurance Brokers advanced 17 cents to $3.77, with 49,623 units crossing the market. Consolidated Bakeries declined 15 cents to close at $2 after an exchange of 600 stocks, Dolphin Cove lost $2.30 in closing at $19.50 in trading 17,044 units, driving the dividend yield up to 12 percent, Express Catering popped 34 cents to end at $4.99, with 97,774 stocks crossing the exchange. Image Plus dipped 13 cents in closing at $1.75 in switching ownership of 131,498 shares, ISP Finance sank $3.65 to $20.75 after 75 stock units passed through the market, Jamaican Teas shed 19 cents to finish at $2.12 after 355,630 shares changed hands. 
JFP Ltd rallied 8 cents and ended at $1.18 after a transfer of 37,386 units, KLE Group increased 15 cents to end at $2.26 after trading 55 stocks, Knutsford Express climbed 66 cents to close at $11.31 with investors transferring 48 stock units. Limners and Bards rose 12 cents to $1.68, with 101 shares crossing the market, Omni Industries slipped 18 cents to end at $1.03 with traders dealing in 4,402,167 stocks after demand to buy the stock waned with selling pressure dominating, Paramount Trading gained 15 cents in closing at $1.30 with 8,228 units clearing the market. Regency Petroleum rose 10 cents to finish at $2.20 with a transfer of 4,475 stock units and Stationery and Office Supplies rallied 8 cents and ended at $1.65 as investors exchanged 20,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More money poured into the JSE Markets
More funds chased after stocks on the Jamaica Stock Exchange on Thursday as investors received far fewer shares for their money than the previous day, resulting in Main Market stocks pushing the market index higher at the close, with the Junior and the JSE USD markets closing moderately lower, resulting in prices of 26 shares rising and 32 declining.
At the close of trading, the JSE Combined Market Index climbed 1,158.09 points to 332,460.88, the All Jamaican Composite Index rallied 2,126.19 points to 356,728.99, the JSE Main Index jumped 1,388.74 points to 319,996.09. The Junior Market Index dipped 24.19 points to 3,688.69 and the JSE USD Market Index sank 0.15 points to cease trading at 219.86.
At the close of trading, 24,103,951 shares were exchanged in all three markets, down from 35,215,094 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $153 million, well over the $116.12 million on the previous trading day and the JSE USD market closed with an exchange of 456,359 shares for US$13,103 compared to 75,761 units at US$14,761 on Wednesday.
In Main Market activity, Transjamaican Highway led trading with 6.77 million shares followed by Carreras with 2.01 million units and Sagicor Select Financial Fund with 1.27 million stock units.
In Junior Market trading, Omni Industries led trading with 4.40 million shares followed by Dolla Financial with 692,171 units and Fontana with 631,273 stock units.
In the preference segment, Sygnus Credit Investments C10.5% slipped $16.86 and ended at $95.45
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.5 on 2023-24 earnings and 13.2 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.
Omni loses altitude early
Trading in the shares of this week’s newly listed Omni Industries is frozen after 5,000 shares were traded at $1.05 at 12:44 PM after over 4.29 million shares were traded as high as a dollar $1.30.
The stock is scheduled to resume trading just before 1.45 PM. Bids on the stock have thinned out with 21 bids to purchase shares with the highest being 45,000 shares at $1.02 while the lowest offers are at $1.24 for 201,765 shares with 148 offers currently up to a high of $6 and 69 with offers at $1.41 and below. Bids and offers could change markedly when trading resumes, but the quick fall back in price since Tuesday is not a good sign for investors trying to get out with a decent profit in the short term.
The Junior Market Index slipped to 3,693.66 points from Wednesday’s close of 3,712.88 while the JSE Index rose from 318,607.35 to 320,281.27.
