All three market indices declined on the Jamaica Stock Exchange recorded on Tuesday with a rise in the volume and value of stock trading compared to Monday.
The JSE Combined Market Index shed 1,572.34 points to 346,220.16, the All Jamaican Composite Index fell 1,353.85 to 374,451.28, the JSE Main Index closed at 333,066.14 after slipping 1,349.09 points, while the Junior Market Index dropped 34.25 points to end at 3,700.51 and the JSE USD Market Index dipped 2.65 points to finish at 237.47.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 7.25 percent climbing $3.50 to $20, JPS7 percent jumped $13.25 to $63.25 and 138SLVR rallied $14.65 to close at $88.65
At the close, investors exchanged 32,651,744 shares in all three markets, up from 29,285,359 units on Monday, with the value of stocks trading amounting to $105.6 million up from $85.3 million on Monday. Trading on the JSE USD market resulted in investors exchanging 301,912 shares for US$33,588, up sharply from 173,563 units at US$11,282 on Monday.
The market’s PE ratio ended at 18.9 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
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 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 and 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 along with the closing volume pertaining to highest bid and lowest offer for each company.
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.
JSE Main Market start the week higher
The Main Markets of the Jamaica Stock Exchange recorded gains to start off the week on Monday but the Junior and JSE USD markets closed lower than on Friday, with a rise in the volume of stock trading but with a lower value compared to Friday.
The JSE Combined Market Index rallied 2,021.22 points to 346.220.16, the All Jamaican Composite Index jumped 1,710.31 points to close at 375,805.13, the JSE Main Index gained 2,554.58 points to end at 334,415.23, while the Junior Market Index dropped 39.60 points to 3,734.76 20.92 and the JSE USD Market Index dipped 3.17 points to finish at 240.12.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with JPS 9.5 percent recovering the $150 it lost on Friday to close at $3,000 while the JPS 7 percent rose $11 to $50 and PBS 10.5 percent rallied $20 to close at $1,220.
At the close, investors exchanged 29,285,359 shares in all three markets, up from 14,514,651 units on Friday, with the value of stocks trading amounting to $85.3 million down from $135 million on Friday. Trading on the JSE USD market resulted in investors exchanging 173,563 shares for US$11,282, up sharply from 1,282,434 units at US$220.084 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
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 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 and 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 that are 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 lowest offer for each company.
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.
Huge dive in JSE Main & Junior Markets
Most of the gains on the last two trading days of last week were almost taken back in the Main and Junior Market after stocks fell across the exchange on Monday, leading to big declines in the indices, with the JSE Combined Market Index dropping sharply by 9,364.64 points to 343,122.89, the All Jamaican Composite Index nosediving 12,007.10 points to 371,750.11,
the JSE Main Index plunging 8,768.59 points to end trading at 331,767.29, while the Junior Market dived more than Friday’s rise, with a drop of 128.70 points on Monday to 3,666.51 and the JSE USD Market Index slipped 2.23 points to end at 229.67.
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $35.11 to $128.99 and PBS 10.5% dropped $8 to $1,250.
At the close, investors exchanged 30,620,034 shares in all three markets, compared with 51,243,309 units on Friday, with the value of trading on Monday amounting to $137.2 million, down sharply from $650.5 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 929,408 shares for US$15,231 down from 1,234,958 units at US$13,631 on Friday.
The market’s PE ratio ended at 1 .2 on 2021-22 earnings and 12.1 times those for 2022-23 at the close of trading.
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 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 and 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 also show the closing volume pertaining to the bids and offers for each company.
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.
Big blast off for JSE Main & Junior Market
Investors pushed the Main and Junior Market into sharp gains to close out the first quarter of 2023 as the JSE USD market inched just higher at the close on Jamaica Stock Exchange on Friday, with big gains in the volume and value of stocks traded.
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $55.90 to $263.39 and JPS 9.5 percent jumped $98 to $2,998 and PBS 10.5% jumping $58 to $1,258.
At the close, investors exchanged 51,243,309 shares in all three markets, compared with 45,525,550 units on Thursday, with the value of trading on Friday amounting to $650.5 million, up sharply from $183.2 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 1,234,958 shares for US$13,631 down from 1,608,959 units at US$20,097 on Thursday.
The JSE Combined Market Index jumped sharply by 5,958.64 points to 352,487.53, the All Jamaican Composite Index surges 6,292.04 points to end at 383,757.21, the JSE Main Index jumped 5,465.11 points to end at 340,535.88, the Junior Market surged 93.32 points to 3,795.21 and the JSE USD Market Index rose 0.26 points to close at 231.90.
The market’s PE ratio ended at 19 based on 2021-22 earnings and 12.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate 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 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 and 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 also show the closing volume pertaining to the bids and offers for each company.
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.
JSE Main Market surges over 8,300 points
The Main Market surged more than 8,300 points on Jamaica Stock Exchange on Thursday, while the Junior and JSE USD inched higher at the close, with both volume and value lower than on Wednesday.
In the preference section of the market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $43.39 to $220 and JPS 9.5 percent dived $98 to $2,900 and PBS 19.75% fell $16.05 to $90.95.
At the close, investors exchanged 45,525,550 shares in all three markets, compared with 71,333,661 units on Wednesday, with the value of trading on Thursday amounting to $183.2 million, down from $318.78 million on the previous trading day. Trading on the JSE USD market resulted in investors trading 1,608,959 shares for US$20,097 compared to 1,034,991 units at US$21,566 on Wednesday.
The JSE Combined Market Index jumped sharply by 7,994.08 points to 346,528.89, the All Jamaican Composite Index surged 8,472.58 points to 377,465.17, the JSE Main Index gained 8,348.24 points to 335,070.77, the Junior Market climbed 23.51 points to close at 3,701.89 and the JSE USD Market Index rose 2.26 points to close at 231.64.
The market’s PE ratio ended at 18.6 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
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 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 and 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 also show the closing volume pertaining to the bids and offers for each company.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Trading surges on Jamaica Stock Exchange
Trading surged on Jamaica Stock Exchange on Wednesday, with both volume and value jumping but sharply over that on Tuesday as the first quarter for the year, is only a few days away.
Movements in the preference section of the market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $41.61 to $263.39 and JPS 9.5 percent jumped $98 to $2,998.
At the close, investors exchanged 71,333,661 shares in all three markets, compared with 25,677,581 units on Tuesday, with the value of trading on Wednesday amounting to $318.78 million, up sharply from $109.6 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 1,034,991 shares for US$21,566 compared to 339,743 units at US$36,245 on Tuesday.
The JSE Combined Market Index rose 760.40 points to 337,774.41, the All Jamaican Composite Index surged 3,756.40 points to 368,992.59, the JSE Main Index advanced 976.04 points to 326,722.53, the Junior Market shed 15.98 points to close at 3,678.38 and the JSE USD Market Index rose 1.13 points to close at 192.61.
The market’s PE ratio ended at 18.3 based on 2021-22 earnings and 12 times those for 2022-23 at the close of trading.
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 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 and 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 also show the closing volume pertaining to the bids and offers for each company.
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.
Wigton falling sales higher cost
Revenues at Wigton Windfarm fell a sharp 21 percent to $2.05 billion from $2.59 billion in the year to March 2021, with a decline in revenues for the number two turbine that suffered a sharp tariff reduction under the agreement with Jamaica Public Service Company. Still, the fall was not purely tariff reduction, as revenues generated by the other turbines also fell.
Revenues generated by the number one turbine fell to $753 million from $802 million in 2021. The number two turbine hauled in $796 million in 2021 but just managed $459 million in 2022 and the third bought $994 million in revenues for 2021 and only $837 million in 2022. A close examination of the audited accounts reveals that the number two turbine ran at a loss.
Cost of sales was relatively steady but up a bit to $820 million from $789 million in 2021 and along with the fall in revenues resulted in Gross Profit dropping a sharp 32 percent to $1.23 billion, from $1.8 billion. Other income, comprising mainly interest and forex gains, rose to $256 million from $218 million.
General administrative expenses rose to $608 million, an increase of 24 percent over the $491 million incurred in 2021. The company incurred lower interest costs of $335 million, down from $503 million, partially due to renegotiating the interest on the loans. Taxation also fell from $234 million in 2021 to $70 million. Depreciation, one of the single most significant expense, amounted to $693 million, up marginally from $680 million in 2021.
The operations generated positive cash inflows of $1.58 billion for the year before capital payments and had a net of $493 million at the end of the year.
Profit fell a hefty 40 percent from $792 million to $472 million for 4 cents per share, exactly in line with ICInsider.com forecast. Depending on how well cash funds are managed, to take advantage of much higher local interest rates this year, earnings for the 2023 fiscal year could hit 5 cents per share.
At the end of March, shareholders’ equity stood at $4.5 billion, with long term borrowings at $4.5 billion and short term at $890 million.
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Current assets ended the period at $4.3 billion inclusive of trade and, with most of it, cash and bank balances of $3.8 billion. Current liabilities ended the period at $1.2 billion. Net current assets ended the period at $3.1 billion.
New bids are in to supply renewable energy to the system. Prior to that, Wigton was gearing to make a bid to supply renewables. If successful, this could provide a significant source of added revenues and profit if a new plant is commissioned.
The stock, traded at 56 cents on Friday on the Jamaica Stock Exchange Main Market, boasts a PE of 11.2 times the current year’s earnings. That compares to the market average of 14. Around half of the Main Market stocks are trading at lower PE ratios, with far more greater growth prospects. The net asset value is 41 cents, with the stock selling at a 37 percent premium to book value.
2020 another big year for JSE
It has been boom times at the Jamaica Stock Exchange these days with rising prices and increasing listings. That is in stark contrast only a few years ago when the Jamaica Stock Exchange suffered a contraction in listings when some companies that were acquired or merged.
The market lost companies such as Cable and Wireless, Lascelles de Mercado, Courts, Capital and Credit Merchant Bank, Scotia Investments, Desnoes and Geddes, First Life and Pan Caribbean Bank. In addition to these local companies, a few Trinidad and Barbados companies delisted. The advent of the Junior Market saved the day for the exchange in bringing new listings but, more importantly, telegraphed that listing on the market could raise good money for the companies and was not harmful to management as many thought to be the case in the past. In short, there has been a considerable revolution in the concept of going to market, especially with the younger cadre’ of management now running businesses.
The change in the thinking of the business sector is leading to two significant years for listings with the JSE expecting 18 new listings of ordinary shares in 2020. Managing Director of the JSE, Marlene Street-Forrest confirmed the projections with the IC Insider.com. “The 2020 listings are compiled from feedback the exchange obtained from brokers. The list is split equally between Main Market and Junior Market stocks,” Street Forrest confirmed to this publication.
At the start of this year, the JSE projected to have 20 new listings, so far they have listed 12, but Street-Forrest expects new listings to hit 19 or 20 by the end of the year including a listing of a Canadian company that will come to the market by way of an introduction. By contrast, the exchange is said to have had just eight (8) new listings in 2018. The new listings for 2019 include MailPac Group that the exchange said is set to list on Wednesday. Lumber Depot could start trading before the end of the week word reaching IC Insider.com suggests. In addition to the above two, Sagicor Select Fund is expected to list before the end of the year. For 2019 to date, there are eight (8) new Main Market and four (4) new Junior Market listings, including one preference share and Margaritaville share that was listed in the regular market, in addition to being previously quoted in the US dollar market. The recent IPOS will lift the total to 15 for the year. Some of the 2020 listings should include First Rock Capital Holdings with its prospectus said to be at the Financial Services Commission, TransJamaica Highway, Jamaica Mortgage Bank and Jamaica Public Service Company.
While the new listings will provide more choices for investors, it is also expected to add to the Stock Exchange revenues and profit in 2020 and beyond.
JSE main market slips on Thursday
JPS 9.5% preference sharejumped $23.50 to $1,300on Thursday.
Trading in the main market of the Jamaica Stock Exchange closed on Thursday with 24 securities changing hands with 1 trading in the US dollar market. At the close, 10 stocks advanced and 6 declined.
Trading levels in the main market ended at 7,307,280 units valued at $263,394,539 compared to 2,673,775 units valued at $51,217,614 at the close on Wednesday. Trading in the US dollar market accounted for 6,100 units valued at US$1,830.
The All Jamaica Composite Index declined 942.67 points to close at 246,949.65 the JSE Market Index fell 858.88 points to finish at 224,999.11 and the JSE US dollar market index remained at 219 points.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 17 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 122,740 units valued at $10,974,772 per security that traded, compared to an average of 53,047 units valued at $2,048,705 on Wednesday. The average volume for the month to date ended at 382,330 units with an average value of $5,264,239 versus at 398,555 units with an average value of $4,907,331 on the prior trading day.
The average volume and value for March ended at 549,909 units and $1,379,459.
In market activity, Barita Investments closed at $7 exchanging 22,700 shares, Berger Paints closed 48 cents higher at $14 trading 4,900 shares, after trading at an intraday high of $15.50, Cable and Wireless closed at $1.31, with 508,000 shares changing hands, Caribbean Cement traded 50 cents lower at $30 with trades of 5,600 units. Carreras closed at $75 exchanging 8,770 shares, the stock traded during the day at an intraday high of $77.50, Grace Kennedy gained 90 cents to close at $43.90 trading 4,692,199 units, Jamaica Broilers closed at $16.49, losing 41 cents with an exchange of 924,823 shares, Jamaica Producers closed 50 cents higher at $16, exchanging 87,300 shares, Jamaica Stock Exchange closed 97 cents lower at $7.03, with trades of 6,500 shares. JMMB Group closed at $22.50, gaining $2.28 trading 25,788 units, Kingston Wharves closed at $31, with gains of $1.60 exchanging 15,650 units, NCB Financial Group lost $1.25 to end at $63.75, with 93,122 shares changing hands, 
1834 Investments gained 10 cents to close at $1.80, with an exchange of 41,856 shares, 138 Student Living closed at S4.49 with 40,000 shares changing hands, PanJam Investment closed 5 cents lower to $34.15 with trades of 30,466 shares. Pulse Investments gained 1 cent to close at $8.05 trading 5,000 units, Sagicor Group closed at $33.51, with gains of $1.51, trading 63,150 shares, Scotia Group closed at $40.50, losing 50 cents with 234,146 units changing owners, Seprod closed at $36 trading 2,900 shares, Sterling Investments closed at $17.15 with an exchange of 6,020 units, Supreme Ventures closed at $6.30 exchanging 700 shares. Proven Investments closed at 30 US cents with trades of 6,100 ordinary shares, JMMB 7.5% preference share gained 10 cents to close at $1.98 exchanging 11,000 units, Jamaica Public Service Company 9.5% preference share traded $23.50 higher at $1,300 with 14,000 units changing hands and JMMB Group 7.5% preference share closed at $1.05 trading 462,690 units.
New records for 3 stocks – Monday
JPSCo trades at new high on Monday at $1,247.
Investors pushed the price of 16 stocks in the overall market up, 11 down, including 5 stocks rising and 6 declining, from the junior market.
The JSE Market Index jumped 1,484.96 points to end at 153,251.61. The all Jamaica Composite Index shot up 1,660.74 points to close at 170,223.05 and the JSE combined index rose 1,336.47 points, to close at 164,523.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 10 stocks with bids higher than their last selling prices and 6 with lower offers.At the end of market activities, Cable & Wireless lost 2 cents and closed at $1.47 after trading 132,302 units, Ciboney traded 100,000 shares to close at 13 cents. Grace Kennedy shot up $4.49 with 14,300 shares trading to close at $90. Jamaica Broilers ended at $14.50 while trading 306,339 shares, Jamaica Producers fell 90 cents to $32 with 58,803 units changing hands on a day the company advised the stock exchange that the directors will be meeting to consider a stock bonus. Jamaica Stock Exchange had 35,549 shares trading at $21, JMMB Group traded 94,284 shares at $9.99, for a 14 cents gain. National Commercial Bank traded just 5,551 shares, to close with a gain of 25 cents at $40,
Pan Jamaican Investment jumped $5 to close trading at $125 with 26,773 shares changing hands, Radio Jamaica traded 67,645 shares at $1.10, Sagicor Group ended with 145,082 shares changing hands, but lost 20 cents, to end at $22.80. Scotia Group closed at $30.50 while only 3,000 units changed hands after gaining 49 cents, Supreme Ventures closed at $4.50 with 21,308,893 shares valued at $96,057,185 changing hands after declining by 97 cents. Proven Investments traded 25,980 shares at 17.50 US cents, Jamaica Money Market Brokers 7.5% preference share ended with 366,900 units trading at $2.14 and Jamaica Public Service 9.5% preference share climbed $46, in trading 81,662 units with a value of $101,832,514, to end at a record of $1,247.
