Tuesday’s market activity ended on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded rising 134 percent and the value 67 percent more than on Monday resulting in 18 securities trading similar to Monday, with five stocks rising, three declining and 10 remaining unchanged.
A total of 303,976 shares were traded for $2,310,019, down from 129,724 shares at $1,384,845 on Monday. An average of 16,888 units were traded at $128,334 compared to 7,207 shares at $76,936 on Monday. Trading month to date averaged 12,047 shares at $102,624. The average trade for September amounts to 45,817 at $463,533.
The Composite Index increased 8.12 points to 1,344.02, the All T&T Index shed 2.92 points to end at 2,009.53 and the Cross-Listed Index advanced 2.79 points to close at 88.46
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and two with lower offers.
At the close, Ansa Merchant Bank ended at $42.15, with 400 shares crossing the market, Clico Investment Fund fell 25 cents in closing at $29.50 after trading 27,657 stocks, First Citizens Group declined 24 cents to $50.01 in an exchange of 4,171 units. FirstCaribbean International Bank remained at $5.10 while exchanging 4,184 stock units, GraceKennedy climbed 15 cents to close at $5.25 in an exchange of 2,816 shares, Guardian Holdings remained at $25 after trading 1,000 stocks. 
Guardian Media ended at $3.10 with investors transferring 28,004 units, JMMB Group popped 15 cents in closing at $2.15 after a transfer of 87,010 stock units, Massy Holdings advanced 1 cent to end at $4.69 with the swapping of 85,580 stock units. National Enterprises ended at $3.30 trading 16,837 shares, National Flour Mills remained at $1.57, with five stocks crossing the market, NCB Financial Group remained at $4.51 after 14,063 units crossed the exchange. Prestige Holdings gained 49 cents in closing at $6.99, with 25,002 stock units changing hands, Republic Financial Holdings ended at $140 as investors exchanged 846 shares, Scotiabank closed at $78.39, with 359 stocks clearing the market. Trinidad & Tobago NGL lost 1 cent to close at $20.99 after exchanging 2,561 units, Unilever Caribbean remained at $12.9resend closed treading with 756 units and West Indian Tobacco rose 10 cents to $22.40 with a transfer of 2,725 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on Trinidad exchange
Negative October start for JSE Main market
After a run of rising market over the past seven the Jamaica Stock Exchange Main Market was tamed on Monday, with the start of a new month as the volume of stocks traded declined 95 percent with a 91 percent lower value than on Friday, after 59 securities were trading compared to 60 on Friday, with 22 rising, 30 declining and seven ending unchanged.
A total of 11,569,694 shares were traded for $225,929,693 down from 212,535,654 units at $2,391,952,140 on Friday.
Trading averaged 196,097 units at $3,829,317 versus 3,542,261 shares at $39,865,869 on Friday. Trading in September ended with an average of 533,719 units at $5,494,282.
Transjamaican Highway led trading with 3.75 million shares for 32.4 percent of the volume Massy Holdings followed with 1.46 million units for 12.6 percent of the day’s trade, Scotia Group ended with 1.31 million units for 11.3 percent market share and Sagicor Select Financial Fund with 1.24 million units for 10.7 percent of stocks trading.
The All Jamaican Composite Index rose 189.12 points to 414,132.43, the JSE Main Index shed 989.99 points to 360,701.61 and the JSE Financial Index increased 0.12 points to settle at 87.82.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments declined $8.64 to close at $106.40 in switching ownership of 70,616 stock units, Berger Paints advanced $1.05 to close at $11.05 in an exchange of 4,248 stocks. Caribbean Producers increased 85 cents to end at $13.99 after finishing trading 277,773 units, Eppley dipped $2.50 in closing at $38.50 as investors exchanged 238 stock units, Eppley Caribbean Property Fund dropped $4.49 to end at $45.50 after a transfer of 4,003 stocks. First Rock Real Estate fell $1.80 in closing at $11.95 with an exchange of 5,613 units, GraceKennedy shed $1 to end at $88.50 trading 22,068 shares, Jamaica Broilers rose 50 cents to $30 in exchanging 101,621 stocks. Jamaica Stock Exchange shed $1.12 to close at $16.48, with 12,756 shares crossing the exchange, JMMB Group rallied $1 ending to $40.50 after 93,852 stock units passed through the market, Kingston Properties lost $1.19 to close at $6.81 after 13,179 units changed hands. Kingston Wharves dipped $2.85 in closing at $35.15 after exchanging 80,711 stocks, Margaritaville dropped $2.60 to end at $19.40 while investors swapped four shares, Massy Holdings declined $2 to close at $80, with 1,456,860 stock units clearing the market. 138 Student Living popped 61 cents ending at $5.86 with an exchange of 204 units, PanJam Investment climbed 90 cents to $59.90 with investors transferring 1,837 units, Scotia Group fell $1.20 in closing at $34.70 in trading 1,305,258 shares. Seprod gained 50 cents to end at $67.50, with 388 stock units changing hands, Sygnus Credit Investments shed 43 cents to close at $13 after exchanging 16,407 stocks, Sygnus Real Estate Finance fell $1 to $9.30 with the swapping of 250 shares and Transjamaican Highway 8% dipped 50 cents in closing at $1.70 in exchanging 120,876 units.
In the preference segment, Eppley 5% preference share gained $1 to end at $21 while exchanging 1,000 stocks, Eppley 7.50% preference share increased 92 cents to $7.04 in trading 707 stock units. Jamaica Public Service 9.5% rose $100 to close at $2900, with stock crossing the exchange, 138 Student Living preference share fell $2 to close at $67 after a transfer of 90 stock units, Productive Business Solutions 9.75% preference share advanced 50 cents ending at $140 trading one share and Productive Business Solutions 10.5% preference share lost $48 to close at $1152, with 100 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD trading drops
Trading dropped sharply from Friday’s levels to start October on a down note on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks exchanged declining 96 percent compared to Friday, with 79 percent lesser valued, resulting in the trading of six securities, compared to seven on Friday with one rising, three declining and two left unchanged.
Investors traded 165,305 shares for US$10,692, compared to 3,796,627 units at US$51,064 on Friday.
Trading averaged 27,551 shares at US$1,782, down from 542,375 units at US$7,295 on Friday. September ended with an average of 87,926 shares for US$4,746.
The JSE US Denominated Equities Index lost 2.89 points to end at 212.66.
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 between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share declined 0.04 of a cent to 6.78 US cents, with 33,107 shares changing hands, Proven Investments remained at 20 US cents, with 13,261 stock units crossing the market, Sygnus Real Estate Finance USD share gained 0.56 of one cent to end at 12.93 US cents with an exchange of 153 stocks and Transjamaican Highway fell 0.02 of a cent in ending at 1 US cent in trading 118,065 units.
In the preference segment, Productive Business 9.25% preference share ended at US$10.50 with 419 units clearing the market and JMMB Group 6% shed 10.99 cents in ending at 98 US cents trading 300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops in Trinidad
Market activity pulled back on Monday after trading ended on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 62 percent from Friday, with a 62 percent lower value, resulting in 18 securities traded up from 15 on Friday, with prices of three stocks rising, 10 declining and five remaining unchanged.
A total of 129,724 shares were exchanged for $1,384,845 versus 339,203 shares at $3,599,215 on Friday. An average of 7,207 units were traded at $76,936 compared to 22,614 shares at $239,948 on Friday. The average trade for September amounts to 45,817 at $463,533 units.
The Composite Index declined 7.26 points to 1,335.90, the All T&T Index dipped 2.77 points to 2,012.45 and the Cross-Listed Index shed 1.69 points to settle at 85.67.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Agostini’s ended at $45 while exchanging 1,801 shares, Angostura Holdings closed at $24.95, with 110 stocks clearing the market, Clico Investment Fund shed 25 cents in ending at $29.75 with the swapping of 1,872 units. First Citizens Group climbed 25 cents to $50.25 after trading 164 stock units, FirstCaribbean International Bank ended at $5.10 in an exchange of 20 stocks, GraceKennedy dipped 15 cents to $5.10 after 20 stock units changed hands. Guardian Holdings fell 50 cents to close at $25, with 8,760 units changing hands. JMMB Group fell 20 cents to $2 in trading 5,828 shares, Massy Holdings declined 6 cents to $4.68 after a transfer of 44,316 stock units.
National Enterprises remained at $3.30 while trading 236 stocks, National Flour Mills dipped 1 cent to $1.57 in switching ownership of 251 shares, NCB Financial Group popped 1 cent to $4.51, with 32,810 units crossing the exchange. Prestige Holdings gained 25 cents to end at $6.50, with 10,640 stock units changing hands, Republic Financial Holdings remained at $140 after exchanging 831 shares, Scotiabank dipped 1 cent to $78.39, with 18 units crossing the market. Trinidad & Tobago NGL lost 45 cents to close at $21 with investors transferring 20,547 stocks, Unilever Caribbean fell 1 cent to $12.99 as investors exchanged 537 stock units and West Indian Tobacco dropped 20 cents in closing at a 52 weeks’ low of $22.30 after an exchange of 963 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Access jumps ICTOP10 with 24% gains
Access Financial leaves the ICTOP10 this past week following the prior week’s 12 percent gain to $22.30 and a sizable 24 jump in the past week to close at $27.72, with 38,331 shares trading on Friday and leaving just nine lots being offered for sale at the close.
Access Financial Services head office.
For the first time in weeks, Access had more bids at the close on Friday than offers, a positive sign for more gains ahead. With month end window dressing, it is unclear what the coming weeks may hold for this stock.
For the overall market, there are positive signs for the market. Despite Jamaica’s central bank having overdone interest rate increases, investors continue to pump more money into local stocks, Jamaica Stock Exchange data show. Main and Junior market stocks closed September higher than August, with funds accompanying trading substantially higher in each case. These are positive signals for the months ahead for the markets, with the Main Market having the lowest monthly trade of less than $2 million in July, with January the next lowest with $2.7 million.
Action in IC TOP10 stocks had some strong gains in the Junior Market the past week, with Lasco Distributors gaining 9 percent this past week to $3.10, Elite Diagnostic climbing 6 percent to $3.50, Lasco Financial gaining 5 percent to $2.83 as Caribbean Cream dropped 8 percent to $4.12.
In the Main Market, Productive Business Solutions rose 5 percent to US$1.39, Key Insurance gained 4 percent to $3.50, but Berger Paints shed 9 percent to $10, followed by Caribbean Producers, with a 6 percent to $13.14.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8, important indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 246 percent and the Main Market TOP10 s projected to gain an average of 243 percent, by May 2023.
The Junior Market currently sells at an average PE of around 12.8 but already there are 13 stocks representing 25 percent of the market, with PEs from 16 to 36, averaging 22. The top half of the market has an average PE of 18. The data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the main market is similar, with the 15 highest valued stocks priced at a PE of 16 to 100, averaging 27.5 and 22 excluding the highest valued one.
Currently, the Junior Market reflects a positive positioning and is poised to move higher in the weeks ahead. The recent negative clouds that hang over the main markets seem to be lifting with the market index slowly bouncing off a recent bottom.
ICTOP10 focuses on likely yearly winners. The list includes some of the best listed companies but not always. 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 are likely to deliver the best returns up to the end of May 2023 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 and result 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.
Barita jumps to record high of $115.04
Barita Investments climbed $11.54 to a record high of $115.04 in market activity on the Jamaica Stock Exchange Main Market on Friday after 6.5 million of the company’s shares were traded for a consideration of $706 million, at the end of trading there were only two lots on offer with the lowest offer of 7,200 shares at $140 and the other includes just 50 units at $200, three bids closed at $115 and $115.04 to buy over 400,000 shares.
Barita headquarters
Barita was not the only big as Sagicor Real Estate Fund led trading with 189.69 million shares for 89.3 percent of total volume, valued $1.56 billion. Sagicor Select Financial Fund with 7.07 million units for 3.3 percent of the day’s trade followed. The Barita Investments trade accounted for 3.1 percent of stocks trading. Stanley Motta traded 1.77 million units for 0.8 percent market share, Sagicor Select Manufacturing and Distribution Fund ended with 1.36 million units for 0.6 percent of market activity and Transjamaican Highway saw trading of 1.06 million units for 0.5 percent market share.
The total volume of stocks traded increased by 14 percent with 203 percent greater consideration than Thursday, resulting in trading in 60 securities compared to 50 on Thursday, with 36 rising, 15 declining and 11 ending unchanged.
A total of 212,535,654 shares were exchanged for $2,391,952,140 up from 186,827,923 units at $789,529,362 on Thursday. Trading averages 3,542,261 units at $39,865,869, compared to 3,736,558 shares at $15,790,587 on Thursday and month to date, an average of 533,719 units at $5,494,321 versus 377,970 units at $3,714,948 on the previous trading day. August closed with an average of 533,719 units at $5,494,282. The All Jamaican Composite Index popped 3,872.20 points to 413,943.31, the JSE Main Index rallied 3,792.45 points to 361,691.60 and the JSE Financial Index gained 1.47 points to settle at 87.70.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.2 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 20 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments climbed $11.54 to $115.04, with 6,539,692 stocks crossing the market, Berger Paints dipped $1.30 to end at $10 after a transfer of 4,259 units. Caribbean Producers fell 75 cents to close at $13.14 in exchanging 15,371 stock units, Eppley Caribbean Property Fund advanced $3.04 to end at $49.99 in trading 26,168 shares, First Rock Real Estate rallied 40 cents to close at $1, with 1,163 units changing hands. GraceKennedy declined 47 cents in closing at $89.50 with the swapping of 298,310 units, Guardian Holdings increased $10 to $510 after exchanging 106 stocks, Jamaica Broilers rose 50 cents to $29.50 as investors exchanged 137,737 stock units, Jamaica Producers gained $1.74 to end at $20.74, with 169,921 stock units crossing the market, Jamaica Stock Exchange climbed $2.52 to $17.60 in trading 103,903 units, JMMB Group dipped 50 cents to $39.50 with a transfer of 375,498 shares. Kingston Properties advanced $1 to $8, with 935,835 stock units crossing the exchange, Kingston Wharves gained $1 to end at $38 in exchanging 25,446 units, Margaritaville lost $4.45 in closing at $22 with investors transferring 1,237 shares. Massy Holdings increased 90 cents to end at $82 in switching ownership of 525 stocks, Mayberry Jamaican Equities popped 72 cents to close at $13.35 with an exchange of 2,450 stocks, Proven Investments shed 92 cents in closing at $30.08, with 3,497 stock units changing hands. Sagicor Group rose $2.01 ending at $53.51 in finishing treading of 285,915 shares, Scotia Group rallied $1.90 to $35.90 with 61,627 units clearing the market, Seprod rose $1.95 to $67 while exchanging 6,208 stock units. 
Supreme Ventures shed 50 cents in closing at $27 in trading 75,206 units and Sygnus Real Estate Finance increased $1.24 to $10.30 while exchanging 4,000 stocks.
In the preference segment, Jamaica Public Service 9.5% climbed $10 to $2800 after 127 shares crossed the market, 138 Student Living preference share advanced $11.50 to close at $69, with 1,891 stocks changing hands and newly listed Productive Business Solutions preference share popped $200 in closing at $1200 in an exchange of 43 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New listing for JSE US dollar market
Productive Business 9.25% preference share was added to the Jamaica Stock Exchange US dollar market this week with the trading on Friday and rising by the close. The volume of stocks traded in the overall market on Friday, climbed 17 percent, with 8 percent less value than on Thursday, resulting in seven securities traded, similar to Thursday and ended with three rising, four declining and none ending unchanged.
Overall, 3,796,627 shares were traded for US$51,064 compared to 3,235,927 units at US$55,292 on Thursday.
Trading averaged 542,375 shares at US$7,295 versus 462,275 units at US$7,899 on Thursday, with a month to date average of 87,926 shares at US$4,746 versus 68,044 units at US$4,634 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 0.66 points to end at 215.55.
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 between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share shed 0.08 of a cent to end at 6.82 US cents in swapping 6,367 shares, 
Proven Investments fell 1 cent to 20 US cents with a transfer of 500 units, Sterling Investments popped 0.02 of a cent to 2.11 US cents after trading 28,086 stock units. Sygnus Credit Investments USD share lost 1.21 cents to close at 9.77 US cents, with 2,000 stocks crossing the exchange and Transjamaican Highway gaining 0.03 of a cent to end at 1.02 US cents after exchanging 3,757,139 units.
In the preference segment, the newly listed Productive Business 9.25% preference share rose US$0.50 to a new high of US$10.50 with investors transferring 894 stock units and JMMB Group 5.75% declined 4 cents to US$1.76 after exchanging 1,641 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad & Tobago Exchange popped Friday
Market activity ended on the Trinidad and Tobago Stock Exchange on Friday, with the volume of stocks traded rising 147 percent with a 65 percent jump in value over Thursday, resulting in 15 securities traded compared with 18 on Thursday, with two stocks rising, five declining and eight remaining unchanged.
A total of 339,203 shares were exchanged for $3,599,215 up from 137,453 shares at $2,186,097 on Thursday. An average of 22,614 units traded at $239,948 compared to 7,636 shares at $121,450 on Thursday, with trading month to date averaging 45,817 units at $463,533 down from 46,718 shares at $472,221 on the previous day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index increased 2.53 points to 1,343.16, down 10.3 percent for the year to date. The All T&T Index climbed 6.26 points to 2,015.22, with a year to date fall of 3 34 percent and the Cross-Listed Index lost 0.20 points to settle at 87.36
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, Angostura Holdings increased by $1.95 to end at $24.95 in exchanging 377 shares, Ansa McAl ended at $56.50 while trading 39,326 units, First Citizens Group remained at $50 with the swapping of 400 stock units. FirstCaribbean International Bank closed at $5.10 as investors exchanged 9,435 stocks, GraceKennedy advanced 25 cents to $5.25 after 36 units changed hands, JMMB Group lost 10 cents in ending at $2.20 in switching ownership of 32,153 stock units. Massy Holdings dipped 1 cent in closing at $4.74, with 83,320 stocks crossing the exchange, 
National Enterprises ended at $3.30 in an exchange of 23,983 shares, Prestige Holdings shed 15 cents to end at $6.25 after 298 stock units crossed the market, Republic Financial Holdings declined 2 cents to $140 in trading 46 units, Scotiabank remained at $78.40 with an exchange of 376 stock units, Trinidad & Tobago NGL ended at $21.45, with investors transferring 600 shares. Trinidad Cement fell 5 cents to $3.50, with 130,106 shares changing hands, Unilever Caribbean ended at $13 with 18,060 stock units clearing the market and West Indian Tobacco remained at $22.50 after an exchanging of 687 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big jump in main market trading
Investors pushed the Jamaica Stock Exchange Main Market higher on Thursday, with the volume of stocks traded rising 561 percent, with 116 percent greater value than Wednesday, following trading in 50 securities compared to 57 on Wednesday, with prices of 21 rising, 18 declining and 11 ending unchanged.
A total of 186,827,923 shares were traded for $789,529,362 up from 28,254,323 units at $365,934,690 on Wednesday.
Trading averaged 3,736,558 units at $15,790,587 versus 495,690 shares at $6,419,907 on Wednesday and month to date, an average of 377,970 units at $3,714,938, compared to 226,546 units at $3,170,510 on the previous day. August closed with an average of 738,534 units at $5,975,613.
JMMB Group 7.25% preference share due 2024, led trading with 175 million shares for 93.7 percent of total volume traded, followed by Wigton Windfarm with 2.66 million units for 1.4 percent of the day’s trade, Pulse Investments accounted for 1.67 million units with 0.9 percent market share. Sagicor Select Financial Fund closed with 1.51 million units for 0.8 percent of traded shares, Transjamaican Highway had an exchange of 1.38 million units for 0.7 percent of market share and Barita Investments ended with 1.34 million units for 0.7 percent of trading.
The All Jamaican Composite Index rallied 1,658.74 points to 410,071.11, the JSE Main Index increased 1,851.88 points to 357,899.15 and the JSE Financial Index inched 0.10 points to 86.23.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments advanced 65 cents to end at $103.50 with the swapping of 1,344,652 shares, Caribbean Cement rose 49 cents in ending at $61.49 with an exchange of 2,137 stock units, Eppley gained $2.50 in closing at $41 after exchanging 240 units. Eppley Caribbean Property Fund popped $2.95 to close at $46.95, with 13,708 stocks crossing the market, First Rock Real Estate lost 40 cents to close at $13.35, with 837 stock units changing hands, Guardian Holdings rallied $3 in closing at $500 after exchanging 52 stock units. Jamaica Stock Exchange declined $1.42 to close at $15.08 after trading 50,036 units, Massy Holdings dropped $6.35 to $81.10 after 172 shares were exchanged, Mayberry Investments increased 40 cents to $8.20 after a transfer of 30,000 stock units. 138 Student Living fell $1 to end at $5.50 as investors exchanged 80,604 units, PanJam Investment dipped 99 cents to close at $59 with an exchange of 4,888 shares,
Proven Investments climbed 98 cents to end at $31 in trading 1,018 stocks. Scotia Group shed $1 to end at $34 while exchanging 27,206 shares and Seprod rose 52 cents in closing at $65.05 with investors transferring 5,923 units.
In the preference segment, Jamaica Public Service 9.5% gained $140 to close at $2,790, after 36,603 stocks changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump in trading on the JSE on Thursday
On a day of heavy trading on the Jamaica Stock Exchange, all three markets closed higher, with Barita Investments trading more than 1 million shares for a second consecutive day, with Thursday’s trade accounting for $138 million but JMMB Group 7.25% C share traded 175 million shares for $327 million followed but Productive Business Solutions preference share trading 119.5 units for a consideration of $166.7 million while Fesco led the Junior Market with 5.34 million units for $31 million.
Trading ended, with 207,798,795 shares changing hands, valued at $857.96 million, shares up from $451.73 million, with 49,206,449 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$55,292 from US$17,599 on Wednesday
JSE Combined Index, a measure of the overall market, rallied 1,826.51 points to 372,351.61.
The All Jamaican Composite Index rose 1,658.74 points to 410,071.11, the JSE Main Index popped 1,851.88 points to 357,899.15, the Junior Market Index increased 10.66 points to 4,193.43 and the JSE USD market Index climbed 6.54 points to close 216.21.
The market’s PE ratio ended at 23.9 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.
