The Junior Market enjoyed another day of a big bounce on Thursday, following a 44.40 points jump on Wednesday while the Main Market of the Jamaica Stock Exchange had another day of robust gains, while the JSE USD market just inched forward to close out August on a positive note but the gains on the final day of the month could not erase declines suffered in all three markets earlier in the month as trading ended with the value and volume of stocks traded rising over that on Wednesday.
At the close, the JSE Combined Market Index climbed 3,120.24 points to close at 336,078.51, the All Jamaican Composite Index rose 3,802.79 points to 354,823.78, the JSE Main Index popped 2,577.57 points to 321,731.80, the Junior Market Index jumped by 78.13 points to settle at 3,919.73, while the JSE USD Market Index rose 1.37 points to conclude trading at 239.83.
Trading of Preference shares ended, with Jamaica Public Service 7% rose $6.02 to $52.82.
At the close, investors traded 25,949,771 shares in all three markets, up from 16,064,814 stocks on Wednesday. The value of stocks traded on the Junior and Main markets ended at $340 million, up from $85.26 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 500,869 shares for US$62,995 up from 136,351 units at US$23,735 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.3 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Healthy climb in profit at Wisynco
Profit jumped 21 percent at Wisynco Group to a record $4.9 billion for the year to June, this year after corporation tax, over the 2022 earnings, resulting in earnings per share of $1.31 from sales revenues that climbed 20 percent to $58.45 billion up from $48.7 billion in 2022 but after investment and other income of $697 million compared with $453 million in the prior year.
Wisynco Group’s profit rose 21% for the 2023 fiscal year.
The profit margin improved during the year, with cost of sales dropping from 66 to 65 percent, with gross profit rising faster than sales, up 27 percent to $16.9 billion from $13.25 billion.
Loss at JP Snacks, an associate, worsened during the year with a modest 4 percent rise in revenues moving from $1.65 billion to $1.72 billion, with the loss jumping from $94 million to $194 million. Wisynco wrote down their investment due to impairment by $105 million during the year.
Administrative expenses jumped 25 percent to $1.8 billion from $1.4 billion. Sales and distribution expenses increased 29 percent to $9.2 billion from $7 billion. Staff cost climbed well ahead of inflation by nearly 25 percent to $6.33 billion, with wages up 23 percent to $5 billion. Finance cost declined to $131 million from $149 million in 2023. Depreciation rose 22 percent to $1.09 billion.
The operations generated Gross cash flow of $7.6 billion, but growth in working, addition to fixed assets offset by loan inflows and increased payables and dividend payment of $1.6 billion during the year, up from $1.5 billion in 2022, resulted in net inflows of $3.5 billion of which $1.17 billion was used to purchase investments.
Addition to fixed assets absorbed $2.4 billion during the year and includes work in progress of $1.4 billion. In 2022, addition to fixed assets was $637 million as the group increased investments in plant and machinery to expand its operation, which William Mahfood advises is targeted to expand factory and warehouse space by 60 percent to meet growing demand locally and overseas for its products.
Current assets climbed from $17.8 billion to $22.8 billion, including trade and other receivables of $5.45 billion cash and bank balances of $11.2 billion. Current liabilities ended at $8.3 billion versus $7.3 billion in 2022. Net current assets stood at $14.58 billion, up from $10.5 billion in June 2022.
At the end of June, shareholders’ equity climbed to $21 billion from $17.8 billion in 2022, long term borrowings stood at $3 billion, up from $747 million in 2022 and short term loans at $1.1 billion, up from $822 million. 2022.
Going forward, the group is set to acquire the distributorship of additional products during the year, in addition to the expansion now being undertaken to meet ongoing demand.
IC Insider.com computation projects earnings of $1.80 per share for the fiscal year ending June 2024, with a PE of just over 10 times current year’s earnings based on the price of $17 the stocks traded on Thursday morning on the Jamaica Stock Exchange Main Market.
Net asset value ended the period at $5.63, with the stock selling at 3 times book value.
The stock is one for the future. Investors may not see any notable price movement from the current level in the short term, but with the expansion now on the way and new products to be distributed, a successful future seems assured and the stock price will grow appreciably into the future.
Rising stocks dominate JSE Main Market
Rising stocks outpaced those declining more than two one at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday, following trading in 59 securities up from 55 on Tuesday, with 28 rising, 13 falling and 18 ending unchanged, the volume of stocks traded declined 49 percent, with a 68 percent lower value than on Tuesday.
Trading resulted in an exchange for 8,932,182 shares for $64,616,360, down from 17,477,049 units at $200,353,274 on Tuesday.
Trading averaged 151,393 shares for $1,095,193 compared to 317,765 units at $3,642,787 on Tuesday and month to date, an average of 314,910 units at $1,666,623, compared with 324,029 units at $1,698,489 on the previous day. Trading in July closed with an average of 283,368 units at $2,135,482.
Wigton Windfarm led trading with 2.69 million shares for 30.2 percent of total volume, followed by JMMB Group 7.35% due 2028, with 1.21 million units for 13.5 percent of the day’s trade and Stanley Motta with 1.05 million shares for 11.8 percent market share.
The All Jamaican Composite Index lost 428.15 points to finish at 351,020.99, the JSE Main Index climbed 1,282.67 points to 319,154.23 and the JSE Financial Index added 0.38 points to end at 70.97.
The PE Ratio, the most common formula used in valuing stocks, averages 12.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
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, Barita Investments gained 77 cents to end at $75.90, with 12,859 shares changing hands, Caribbean Cement popped $1.99 and ended at $52 after 278,333 stocks passed through the market, Eppley skidded 46 cents to close at $35.53 with shareholders swapping 1,024 stock units, Eppley Caribbean Property Fund rallied $2.64 to $39 after trading 1,403 units. First Rock Real Estate advanced $1.04 in closing at $8.74 while exchanging 723 stocks, GraceKennedy lost $1.50 to close at $74 after an exchange of 119,230 shares, Guardian Holdings rose $19.30 and ended at $420.50 as investors exchanged 99 units, Jamaica Producers declined $1.09 to $18.01 after 150 stock units passed through the market. 
JMMB Group dropped 54 cents to close at $27.15 after an exchange of 22,349 stocks, Kingston Properties increased 40 cents in closing at $7.30 with investors dealing in 68 stock units, Massy Holdings climbed 90 cents to $101 with stakeholders exchanging 1,772 shares, MPC Caribbean Clean Energy gained $2.80 and ended at $72.50 after a transfer of 194 units. Seprod rallied $5 to close at $70 with a transfer of 146,479 units, Supreme Ventures gained 44 cents in closing at $27.99, with 9,896 shares changing hands, Sygnus Credit Investments shed 50 cents to land at $11.47 in an exchange of 67,753 stocks and Wisynco Group climbed $1.15 in closing at $18, with 81,066 stock units crossing the exchange before reporting full year profit results after the market closed, of $4.9 billion, up 21 percent over earnings for 2022 and resulting in earnings of $1.31 per share.
In the preference segment, Eppley 7.75% preference share popped 50 cents to close at $19 with investors transferring 260 shares, 
Jamaica Public Service 7% fell $12.06 to $46.80, with 358 stock units clearing the market and Productive Business Solutions 9.75% preference share advanced 50 cents to end at $100 in an exchange of 47 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading fell on the Jamaica Stock Exchange US dollar market on Wednesday, with a 77 percent fall in the volume of stocks changing hands, valued 63 percent less than on Tuesday and resulting in trading of seven securities, the same number as Tuesday and ended, with four rising and three ending unchanged.
A total of 136,351 shares were exchanged for US$23,735 compared with 593,068 units at US$64,296 on Tuesday.
Trading averaged 19,479 shares at US$3,391 versus 84,724 units at US$9,185 on Tuesday, with a month to date average of 56,990 shares at US$4,045 compared with 58,949 units at US$4,079 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index rose 3.33 points to finish at 238.46.
PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
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, First Rock Real Estate USD share remained at 4 US cents, with 12,795 shares crossing the exchange, MPC Caribbean Clean Energy popped 0.01 of a cent to 53.01 US cents after trading 194 units, Proven 
Investments gained 0.45 of one cent and ended at 15 US cents in an exchange of 70,006 stock units. Sygnus Credit Investments climbed 1.13 cents to end at 10.23 US cents with 21,557 stocks changing hands, Sygnus Real Estate Finance USD share ended at 10 US cents with shareholders swapping 48 units and Transjamaican Highway rose 0.09 of a cent and ended at 1.7 US cents, with 21,369 stock units crossing the market.
In the preference segment, JMMB Group 6% ended at US$1, with traders dealing in 10,382 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market surged on Wednesday
The Junior Market of the Jamaica Stock Exchange jumped sharply Wednesday, following a 29 percent jump in the volume of stocks traded but with a 40 percent lower value than Tuesday, after trading took place in 47 securities up from 43 on Tuesday and ended with 17 rising, 18 declining and 12 closing unchanged.
Investors traded 6,996,281 shares for $20,642,380 compared with 5,425,798 units at $34,684,589 on Tuesday.
Trading averaged 148,857 shares at $439,200, compared to 126,181 shares at $806,618 on Tuesday, with the month to date averaging 184,062 units at $463,527 compared with 186,095 stock units at $464,932 on the previous day. July closed with an average of 326,541 units at $843,878.
Blue Power led trading with 1.20 million shares for 17.2 percent of total volume, followed by Lasco Distributors with 884,183 units for 12.6 percent of the day’s trade and Regency Petroleum with 747,105 units for 10.7 percent market share.
At the close, the Junior Market Index rallied 44.40 points to close at 3,841.60.
The PE Ratio, a measure of computing appropriate stock values, averages 10.8. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial advanced 20 cents to end at $25.20 with traders dealing in 7,190 shares, CAC 2000 fell 86 cents and ended at $5, with 2,185 stocks crossing the market, Cargo Handlers lost $1.30 to close at $15.11 with investors dealing in 86 stock units, Consolidated Bakeries declined 10 cents to close at $2.25 with an exchange of 20 units. Derrimon Trading skidded 10 cents in closing at $1.75 and closed with an exchange of 44,061 stocks, Dolphin Cove rose 60 cents to $16.60 after investors traded 1,116 stocks, EduFocal dipped 10 cents in closing at $1.34 after an exchange of 65,822 units, Elite Diagnostic rallied 27 cents and ended at $1.83, with 90,677 shares crossing the exchange. Everything Fresh dropped 17 cents to $1.37 after 98 stock units passed through the market, Fontana rallied 57 cents to $11.57 with a transfer of 19,107 shares, General Accident gained 11 cents to close at $5 after investors exchanged 200,222 stocks, 
GWest Corporation shed 10 cents to end at 88 cents after a transfer of 124 units. Honey Bun lost 29 cents in closing at $6.20 in switching ownership of 2,985 stocks, ISP Finance popped $3.27 and ended at $36.22, with just 30 shares crossing the market, JFP Ltd dipped 10 cents to $1.55 with shareholders swapping 326,764 units, KLE Group shed 9 cents to end at $1.55 while exchanging 14,500 units. Knutsford Express climbed $1.15 in closing at $11.25 in an exchange of 10,500 stock units, Main Event advanced $1.48 to $17.48 after 60,155 stocks were traded, MFS Capital Partners gained 33 cents to close at $2.49 in an exchange of 111,623 shares. 
Paramount Trading fell 10 cents and ended at $1.70 with 95 units clearing the market and Regency Petroleum rallied 17 cents to $2.40, with 747,105 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Jamaica Stock Exchange
Trading dropped on Wednesday on the Jamaica Stock Exchange compared with Tuesday but the Junior Market jumped sharply to recover losses incurred over the previous four days, the JSE Main Index rose but the all Jamaican Composite Index fell and the USD index climbed on a day that saw the value and volume of stocks traded falling compared with Tuesday.
At the close, the JSE Combined Market Index climbed 1,603.19 points to 332,958.27, the All Jamaican Composite Index shed 428.15 points to 351,020.99, the JSE Main Index rallied 1,282.67 points to 319,154.23, the Junior Market Index jumped by 44.40 points to 3,841.60 and the JSE USD Market Index rose 3.33 points to 238.46.
Trading of Preference shares ended, with Jamaica Public Service 7% falling $12.06 to $46.80.
Investors traded 16,064,814 shares on Wednesday, down from 23,495,915 stocks on Tuesday. The value of stocks traded on the Junior and Main markets ended at $85.26 million, down from $235 million on Tuesday. The JSE USD market closed on Wednesday with 136,351 shares being traded for US$23,735, up from 593,068 units at US$64,296 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Funding for JSE USD stocks jumped
The volume of stocks trading declined 33 percent, but the value jumped 291 percent more than on Monday at the close of the Jamaica Stock Exchange US dollar market on Tuesday, resulting in seven securities being traded, up from three on Monday and ended with two rising, three declining and two unchanged.
Overall, 593,068 shares were traded for US$64,296 compared with 884,498 units at US$16,456 on Monday.
Trading averaged 84,724 shares at US$9,185 compared to 294,833 units at US$5,485 on Monday. Trading for the month to date averaged 58,949 shares at US$4,079 compared to 57,529 units at US$3,798 on the previous day. Trading in July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index advanced 1.05 points to conclude trading at 235.13.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville dipped 0.01 of a cent to 11.49 US cents after 3,909 shares changed hands, Productive Business Solutions ended at US$1.70 after 45 units were traded, Proven Investments fell 0.1 of a cent to close at 14.55 US cents in trading 409,526 stocks. Sterling Investments rallied 0.04 of a cent to end at 1.98 US cents, with trading in 91,000 shares, Sygnus Credit Investments rose 0.04 of a cents to 9.1 US cents after a transfer of 1,001 units and Transjamaican Highway skidded 0.08 of a cent to end at 1.61 US cents with an exchange of 87,500 shares.
In the preference segment, JMMB Group 6% remained at US$1 and closed with 87 stock units being traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Heavy trades in Carreras, Stanley Motta & Broilers
Heavy trading in Carreras, Stanley Motta and Jamaica Broilers on the Jamaica Stock Exchange Main Market on Tuesday push the volume of stocks traded up by 261 percent and the value 234 percent more than on Monday, with trading in 55 securities similar to trading on Monday and ended with prices of 20 rising, 16 declining and 19 ending unchanged.
A total of 17,477,049 shares were traded for $200,353,274 compared to 4,844,640 units at $59,990,583 on Monday.
Trading averaged 317,765 shares at $3,642,787 compared to 88,084 units at $1,090,738 on Monday and month to date, an average of 324,029 stocks at $1,698,489 compared to 324,372 shares at $1,591,873 on the previous day. July closed with an average of 283,368 units at $2,135,482.
Carreras led trading with 6.63 million shares for 37.9 percent of the volume, followed by Stanley Motta with 5.02 million units for 28.7 percent of the day’s trade and Jamaica Broilers with 3.0 million units for 17.2 percent market share.
The All Jamaican Composite Index popped 1,999.27 points to 351,449.14, the JSE Main Index rallied 881.84 points to close at 317,871.56 and the JSE Financial Index climbed 0.66 points to end trading at 70.59.
The PE Ratio, a formula used to compute appropriate stock values, averages 12.6 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecast by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement skidded $1.99 to $50.01 with 2,410 shares being traded, GraceKennedy dipped 40 cents to close at $75.50, with 43,686 stock units crossing the exchange, Guardian Holdings dropped $18.80 to end at $401.20, with investors trading 100 units. Jamaica Stock Exchange rose 97 cents to close at $9.50 as investors exchanged 7,053 stocks, Key Insurance popped 36 cents in closing at $2.87 after an exchange of 500 units, Kingston Properties dipped 45 cents to $6.90 after a transfer of 10,061 stocks. 
Margaritaville climbed $2.32 to close at $16.35 in switching ownership of 2 stocks, NCB Financial jumped $1.54 and ended at $72.98, with 54,335 shares crossing the market, Pan Jamaica fell 81 cents to close at $46.99 after 2,889 stock units passed through the market. Scotia Group fell 85 cents to end at $33, with 60,007 stocks changing hands, Seprod shed $3 to close at $65 after an exchange of 1,943 shares, Supreme Ventures skidded 44 cents to $27.55 in an exchange of 8,926 units and Sygnus Credit Investments gained 47 cents and ended at $11.97 in trading 33,270 shares.
In the preference segment, Eppley 7.75% preference share climbed 30 cents to end at $18.50 while exchanging 9,706 stock units, Jamaica Public Service 7% rallied $8.86 in closing at $58.86 after 12 units were traded, 
JMMB Group 7.25% preference share increased 59 cents and ended at $1.84 with traders dealing in 10 stocks and Productive Business Solutions 9.75% preference share skidded 50 cents to $99.50 with investors trading 26 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Junior Market stocks outnumber decliners
Dolphin Cove dominated trading on the Junior Market of the Jamaica Stock Exchange on Tuesday, accounting for the largest block of shares changing hands that helped to push the volume of stocks traded up by 14 percent, with a 198 percent rise in value over Monday, with trading in 43 securities compared with 44 on Monday and ended with 22 rising, 14 declining and seven closing unchanged.
Investors traded 5,425,798 shares for $34,684,589, up from 4,765,501 units at $11,620,310 on Monday.
Trading averaged 126,181 shares at $806,618, compared to 108,307 units at $264,098 on Monday with a month to date, average of 186,095 units at $464,932 compared with 189,437 stock units at $445,875 on the previous day. July closed with an average of 326,541 units at $843,878.
Dolphin Cove led trading with 1.52 million shares for 28.1 percent of total volume, after one trade accounted for 1.5 million shares at $16.05, followed by Jamaican Teas with 760,932 units for 14 percent of the day’s trade and Derrimon Trading with 382,074 units for 7 percent market share.
At the close, the Junior Market Index fell 34.97 points to 3,797.20.
The PE Ratio, a measure of computing appropriate stock values, averages 10.9. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial climbed $1.99 to close at $25 with traders dealing in 58 shares, Caribbean Cream lost 67 cents to end at $3.47 after 5,246 units were traded, Consolidated Bakeries rose 10 cents to end at $2.35 with investors transferring 16,955 stock units. Derrimon Trading dipped 7 cents and ended at $1.85 as 382,074 stocks passed through the market, Dolphin Cove skidded 45 cents to $16 with investors trading 1,523,001 shares, EduFocal added 14 cents to close at $1.44 after 199,769 stock units crossed the exchange. Elite Diagnostic fell 29 cents to $1.56 with shareholders swapping 33,695 stocks, Future Energy Source popped 9 cents in closing at $3.45, with 94,384 units crossing the market, General Accident gained 46 cents and ended at $4.89 after exchanging just 10 stock units. GWest Corporation rallied 14 cents to 98 cents in switching ownership of 2,817 shares, Indies Pharma rose 11 cents to $3.12, with 2,982 stocks changing hands, Iron Rock Insurance advanced 20 cents and ended at $2.30, with just 10 units crossing the market. 
ISP Finance rose $3 to $32.95 in trading 11 stock units, JFP Ltd rallied 9 cents to close at $1.65 with an exchange of 232,300 stocks, Knutsford Express declined 89 cents to end at $10.10 with a transfer of 1,983 units. Lasco Distributors dropped 15 cents to close at $4.20 after trading 36,603 shares, Limners and Bards increased 30 cents to $2 as investors exchanged 11,086 units, Lumber Depot shed 11 cents to close at $2.05, with 11,529 shares clearing the market. Main Event declined 48 cents to $16 while exchanging 68,579 stocks, Paramount Trading gained 25 cents and ended at $1.80 with investors dealing in 3,500 stock units, 
Spur Tree Spices climbed 8 cents to $2.20 after an exchange of 206,751 stocks and Tropical Battery skidded 10 cents and ended at $1.94 in an exchange of 27,480 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on the Jamaica Stock Exchange
Trading surged on Tuesday on the Jamaica Stock Exchange compared with Monday after robust activity in Carreras, Jamaica Broilers, Stanley Motta in the Main Market and Dolphin Cove in the Junior Market and resulted in a jump in value and volume of stocks traded in all markets of the exchange compared with Monday.
At the close, the JSE Combined Market Index rose 502.75 points to 331,355.08, the All Jamaican Composite Index rallied 1,999.27 points to 351,449.14, the JSE Main Index climbed 881.84 points to 317,871.56, the Junior Market Index dropped 34.97 points to settle at 3,797.20, while the JSE USD Market Index popped 1.09 points to end at 235.13.
Trading of Preference shares ended, with Jamaica Public Service 7% rallied $8.86 in closing at $58.86.
At the close, investors traded 23,495,915 shares in all three markets, down from 10,494,639 stocks on Monday. The value of stocks traded on the Junior and Main markets ended at $235 million, compared to $71.6 million on Monday. Trading on the JSE USD market ended with investors exchanging 593,068 shares for US$64,296, up from 884,498 units at US$16,456 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.8 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one time items.
Investors need pertinent information to successfully navigate numerous 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 decisions when 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 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.
