Trading falls sharply for Jamaican stocks

Trading ended mixed on the Jamaica Stock Exchange on Friday, with main market stocks gaining and Junior Market stocks mostly falling as trading levels fell from Thursday’s levels.
The market closed with the JSE Combined Index climbing 1,890.52 points to 400,219.74 while the All Jamaican Composite Index added 2,638.98 points to end at 442875.20, the JSE Main Index gained 2,141.50 points to 386,327.32, the Junior Market index slipped 12.41 points to 4,337.03 and the JSE USD market index rose 2.44 points to close at 214.09.
Investors exchanged 21,788,058 shares in all markets, with the value traded in the Main and Junior Markets ending at just $96 million and in the JSE USD market, US$14,539.
The market’s PE ratio ended at 24 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help 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.

Barita dominates trading to end June

Barita Investments dominated trading on the last day of June on Jamaica Stock Exchange on Thursday, accounting for 21.9 shares valued at $1.9 billion, leading the overall market value to jump sharply to $2.1 billion worth of stocks traded in Main and Junior markets as the volume of stocks trading was just shy doubling Thursday’s trades.

Barita Investments headquarters

The market closed with the JSE Combined Index climbing 1,427.58 points to 398,329.22 while the All Jamaican Composite Index rose 1,350.07 points to  440,236.22, the JSE Main Index gained 1,152.41 points to end at 384,185.82, the Junior Market index popped 38.91 points to 4,349.44 and the JSE USD market index lost 5.91 points to close at 211.65.
Investors exchanged 53,744,711 shares in all markets, with the value traded in the Main and Junior Markets ending at $1.9 billion and in the JSE USD market, US$48,827.
The market’s PE ratio ended at 24.1 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help 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 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 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.

 

Jamaica Stocks higher in month end rally

Stock market trading closed with positive price movements as reflected in the gains recorded in the market indices except for a slight decline in the USD market. Recently listed, Dolla Financial seems to be finding an equilibrium price level as it closed 1 cent lower than the $2.92 on Tuesday; icreate created a buzz with the price reaching a record high of $4.70 in response to another acquisition announcement.

iCreate hits record high.

The market closed with the JSE Combined Index climbing 1,477.39 points to 396,901.64 while the All Jamaican Composite Index added 1,951.68 points to end at 438,886.15, the JSE Main Index gained 1,324.62 points to 383,033.41, the Junior Market index popped 26.55 points to 4,310.53 and the JSE USD market index lost 1.14 points to close at 217.56.
Investors exchanged 27,264,015 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $339.2 million and in the JSE USD market, US$42,677.
The market’s PE ratio ended at 23.9 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to navigate many investment choices in the local stock market successfully. 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 take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares 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 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 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.

Stocks pull down Jamaica Stock Market

Add your HTML code here...

Recently listed Dolla Financial hit a low of $2.63 on Tuesday and bounced 19 cents to close at $2.92 after trading 9 million shares for 50 percent of Junior Market trading as the stock continued to trade above the average volume for Junior Market stocks.
The market closed with the JSE Combined Index losing 1,287.19 points to close at 395,424.25, while the All Jamaican Composite Index lost 883.90 points to end at 436,934.47, the JSE Main Index shed 816.45 points to 381,708.79, the Junior Market index lost 58.21 points in closing at 4,283.98 and the JSE USD market index gained 0.71 points to close at 218.70.
Investors exchanged 28,265,023 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $244 million and in the JSE USD market, US$75,902.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to navigate many investment choices in the local stock market successfully. 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 take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares 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 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 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.

Juniors fall JSE Main Market rises

Access Financial was one of the standout performers in trading on Monday with a jump of $3.50 following the release of full year results showing a profit after taxing climbing 65 percent to $438 million as investors warmed to the news, but the move had little impact on the overall Junior Market that slipped in value at the close. But Main Market stocks inched higher at the finish.

Access Financial Services head office.

At the same time, recently listed Dolla Financial continued to trade above average volumes for Junior Market stocks, with 6.9 million shares accounting for 41 percent of Junior Market trading on Monday, but the price eased just a few cents at the close.
The market closed with the JSE Combined Index adding 826.79 points to close at 396,711.44, while the All Jamaican Composite Index climbed 1,833.85 points to end at 437,818.37, the JSE Main Index climbed 1338.41 points to 382,525.24, the Junior Market index lost 47.28 points in closing at 4,342.19 and the JSE USD market index lost 1.68 points to close at 217.99.
Investors exchanged 31,176,437 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $134.1 million and in the JSE USD market, US$9,897.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to navigate many investment choices in the local stock market successfully. 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 take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares 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 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 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.

Big gains for ICTOP10 stocks

CAC2000 and AMG Packaging each gained 21 percent this past week, on top of the 10 percent gain in the previous week, while Medical Disposables rose 19 percent and Caribbean Cream and Jetcon Corporation added 10 percent to their price in the Junior Market ICInsidert TOP10.
Former Top10 listed Dolla Financial gained 17.7 percent to close the week at $2.75 after the stock traded as high as $3.60 on Tuesday.
The week ended with one new listing in the TOP10 as the gains by AMG Packaging pushed it out of the Top 10 and is replaced by General Accident, with a fall in the price to $5.79. Elite Diagnostic fell 6 percent to close the week at $3.32 and Lasco Distributors lost 4 percent to close at $3.20.
In the TOP10 Main Market, Berger Paints climbed 11 percent to $12.18 after trading more than 52,000 shares on Thursday and Friday, an unusual amount and Sygnus Credit Investments rose 5 percent to $14.95 while Caribbean Cement lost 8 percent to $64.50 and VM Investments gained 4 percent. There were no significant losers in this market.
Keep a careful watch on Dolphin Cove and Stationery and Office Supplies (SOS) that are close to the top10 and are undervalued. Both companies reported solid gains for 2022 back to school demand. The company also shipped a container of goods recently to the Eastern Caribbean. Dolphin Cove is benefitting from cost reduction in its operations, but more importantly, the solid first quarter results occurred when tourism arrivals were only 63 percent of 2019 numbers. In the first two months of the June quarter, tourist arrivals are 95 percent of the 2019 period and this is bound to have a positive impact on pushing the second quarter numbers much higher than for the first quarter as well as for the balance of the year. A similar situation would apply to Caribbean Producers, a significant supplier to the hotel sector.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.5, while the Junior Market PE for the Top 10 is 6.1 versus the market at 13. The Junior Market TOP10 is projected to gain an average of 230 percent by May 2023 and the Main Market 238 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks 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, based on the possible increase for each company, considering the earnings and PE ratios 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.

Dolla may be close to a bottom

Dolla Financial traded 11.8 million shares accounting for 62 percent of Junior Market trading on Friday against 12 million changing hands on Thursday, with the price slipping from $2.90 on Thursday to close at $2.72 still higher than the $2.32 closing last week but 24 percent from the peak of $3.60.
The JSE Combined Index fell 1,793,60 points to close at 395,884.64 while the All Jamaican Composite Index lost 3,281.67 points to end at 435,984.51, the JSE Main Index dropped 2,163.47 points to 381,186.83, the Junior Market index rose 25.57 points to 4,389.47 and the JSE USD market index climbed 3.76 points to close at 219.67.
Investors exchanged 36,015,776 shares in all markets, with the value of trading in the Main and Junior Markets amounting to $208.7 million and in the JSE USD market, US$15,839.
The market’s PE ratio ended at 24.1 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart includes 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.

 

Dolla cool out

Dolla fever seems to be at an end with the price retreating a bit in trading on Thursday with only 12 million shares changing hands, but accounting for 39 percent of Junior Market trading, down from 42.7 million shares on Wednesday,
The JSE Combined Index climbed 2,003.09 points to close at 397,678.25, the All Jamaican Composite Index rose 3,067.03 points to 439,266.19, the JSE Main Index rallied 2,365.47 points to 383,350.63, the Junior Market index shed 23.25 points to 4,365.47 and the JSE USD market index slipped 0.07 points to close at 215.90.
Investors exchanged 47,498,863 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $294.4 million and in the JSE USD market, US$7,758.
The market’s PE ratio ended at 24.4 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.

 

Dolla Financial drops

It was another day of Dolla Financial dominance in trading on the overall market trading of 42.7 million shares, following Tuesday, with 63.3 million units, but the stock faced more selling with the price slipping $3.22 at the close of Tuesday to $2.94 as the Junior Market held up well but slipped slightly at the close.
The JSE Combined Index dropped 606.61 points to close at 395,675.16, while the All Jamaican Composite Index rose 286.14 points to 436,199.16, the JSE Main Index rallied fell 624.84 points to 380,985.16, the Junior Market index slipped 2.48 points to 4,387.14 and the JSE USD market index added 3.42 points to close at 215.97.
Investors exchanged 69,885,419 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $314.9 million and in the JSE USD market, US$718,784.
The market’s PE ratio ended at 24.2 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to successfully navigate many investment choices in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help 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 take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares 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 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 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.

 

Dolla Financial cools off

Trading in Dolla Financial cooled off on Tuesday, but with trading of 63.3 million shares, the largest daily amount so far since the shares were listed last week and bettering the 19 million units traded on Monday, as the price topped out at $3.60, but ended the day at $3.22.
The Main and Junior Markets rose and helped to push the JSE Combined Index up 1,243.59 points to close at 396,281.77.
The All Jamaican Composite Index rose 501.91 points to 435,913.02, the JSE Main Index rallied 603.43 points to 381,610, the Junior Market index rose a strong 75.60 points to 4,389.62 and the JSE USD market index slipped 1.28 points to close at 212.55.
Investors exchanged 87,888,049 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $718.5 million and in the JSE USD market, US$11,186.
The market’s PE ratio ended at 24.9 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.