Junior Market stocks pushed higher at the of trading on the Jamaica Stock Exchange gained in trading on Tuesday as the Main Market and the JSE USD market slipped with trading ending with the number and the value of stocks that were exchanged fell, sharply compared to the previous day and resulted in 37 shares declining and just 25 rising.
At the close of trading on Tuesday, the JSE Combined Market Index dropped 967.64 points to close at 337,440.14, the All Jamaican Composite Index shed 1,567.01 points to end the day at 361,663.02, the JSE Main Index lost 1,231.12 points to settle at 324,724.69. The Junior Market Index popped 21.35 points to 3,756.59 and the JSE USD Market Index skidded 3.89 points to settle at 246.80.
At the close of trading, 23,163,225 shares were exchanged in all three markets, down from 34,389,476 units on …day, with the value of stocks traded on the Junior and Main markets amounted to $247.43 million, down from $1.01 billion yesterday and the JSE USD market closed with an exchange of 286,861 shares for US$30,962 compared to 519,135 units at US$98,529 on Monday.
Main Market trading was dominated by Wigton Windfarm led trading with 7.09 million shares followed by Transjamaican Highway with 4.92 million units and GraceKennedy with 2.23 million units.
In the Junior Market, Image Plus led trading with 1.82 million shares followed by One Great Studio with 400,014 units and Consolidated Bakeries with 380,440 units.
At the close of the market, some of the major Main Market stocks that rose are Caribbean Cement that rose $2.25 to close at $54.70 and GraceKennedy rallying $1.03 to end at $77.28.
The major declining Main Market stocks include Proven Investments declining $2.40 to end at $22.05 and Scotia Group dropping $1.35 to close at $40.
Stocks ending with major gains in the Junior Market are Access Financial advanced $1.64 to $22 and Cargo Handlers rallied $2.89 to end at $14.92, with the market closing with no major losses.
In the preference segment,138 Student Living was the only preference share with a major price change with the price dropping $2 in closing at $218.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14. times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Junior Market falls again on Monday
Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 68 percent decline in the volume of stocks traded, following a 71 percent drop in value, with trading in 46 securities compared with 45 on Friday and ending with prices of 16 rising, 16 declining and 14 closing unchanged.
The main market closed with trading of 4,269,036 shares for $8,694,142 down from 13,178,824 units at $30,106,364 on Friday.
Trading averaged 92,805 shares at $189,003 compared to 292,863 units at $669,030 on Friday. Trading for the month to date, averages 170,860 units at $394,395 compared with 175,359 stocks at $406,235 on the previous trading day and December that ended with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 1.06 million shares for 24.8 percent of total volume followed by Dolla Financial with 548,477 units for 12.8 percent of the day’s trade and Jetcon Corporation with 301,021 units for 7.1 percent market share.
At the close of trading, the Junior Market Index dipped 24.13 points to wrap up trading at 3,735.24.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell $3.60 and ended at $20.36 after an exchange of 5,776 stock units, Blue Power climbed 25 cents to $3.45 and closed with an exchange of 2,509 shares, Cargo Handlers skidded $2.87 to close at $12.03 after a transfer of 3,187 units. Caribbean Cream popped 10 cents in closing at $3.89, with 20 stocks crossing the exchange, Fontana sank 24 cents to end at $10.20 in switching ownership of 90,478 units, Future Energy dropped 8 cents in closing at $3.36, with 162,670 stocks clearing the market. Indies Pharma shed 21 cents to close at $2.69 in an exchange of 6,769 shares, Iron Rock Insurance rallied 9 cents to close at $2.51, with 30 stock units crossing the market, ISP Finance lost $1.99 and ended at $20.30 while exchanging 5,033 shares. KLE Group increased 21 cents to end at $2.46 in trading 21 stocks, 
Lasco Distributors fell by 19 cents in closing at $3.80 after 29,816 units passed through the market, Limners and Bards rose 9 cents to $1.29, after trading at an intraday 52 weeks’ low of $1.13 with 115,607 stock units changing hands. Mailpac Group advanced 10 cents and ended at $2.38 as investors traded 219,323 shares, Main Event dipped $2 to $15 after a transfer of 16,479 stock units, Regency Petroleum gained 22 cents to close at $2.37 after exchanging 39,571 units and tTech popped 22 cents to $2.50 with investors dealing in 25,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges to $1 billion on the JSE on Monday
The Main Market of the Jamaica Stock Exchange maintained its bullish stance in evidence since last October, with another solid gain in trading on Monday and the JSE USD market continues to post fresh 2024 highs, with more gains but the Junior Market slipped for a second day as trading in the overall market jumped sharply higher than Friday following big trades in shares of GraceKennedy that pushed the volume and value of trading sharply higher over Friday as trading ended after prices of 32 shares rose and 31 declined.
At the close of market activity, the Jamaica Stock Exchange Combined Market Index climbed 2,303.01 points to finish the day at 338,407.78, the All Jamaican Composite Index popped 2,972.11 points to close at 363,230.03, the JSE Main Index gained 2,680.97 points to finish at 325,955.81. The Junior Market Index dropped 24.13 points to 3,735.24 and the JSE USD Market Index climbed 3.24 points to 250.69.
At the close of trading, 34,389,476 shares were exchanged in all three markets, up from 23,219,570 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $1.01 billion, up from $125.91 million on Friday and the JSE USD market closed with an exchange of 519,135 shares for US$98,529 compared with 670,997 units at US$26,968 on Friday.
Main Market trading was dominated by GraceKennedy led trading with 11.67 million shares followed by Wigton Windfarm with 4.65 million units, Transjamaican Highway with 4.23 million stock units, Sagicor Select Financial Fund with 2.17 million units and JMMB 9.5% preference share with 2.0 million units
In the Junior Market, One Great Studio led trading with 1.06 million shares followed by Dolla Financial with 548,477 units and Jetcon Corporation with 301,021 stock units.
At the close of the market, some of the major Main Market stocks that rose are Jamaica Producers popped $1.54 to $23.20, Sagicor Group climbed $2.50 in closing at $45.50, Scotia Group rose 85 cents to $41.35 Supreme Ventures gained $1 to end at $25.50 and Wisynco Group rallied 95 cents and ended at $22.
The major declining Main Market stocks include Proven Investments lost $2.55 to end at $24.45 and Seprod dropped $1.55 in closing at $84.
On a day when there were no notable price gains on the Junior Market, the major losing stocks were Access Financial that fell $3.60 and ended at $20.36, Cargo Handlers skidding $2.87 to close at $12.03, ISP Finance losing $1.99 and ended at $20.30 and Main Event dipping $2 to end at $15.
In the preference segment, Jamaica Public Service 7% increased by $4.50 to close at $49.50, 138 Student Living preference share shed $1.12 to $220, Productive Business Solutions 9.75% preference share climbed $14 and ended at $104.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.1 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Positive moves for ICTOP10
At the end of the past week, the Main Market moved within less than one percent for the year’s highest close as the market is showing bullish signs. The junior Market closed the week higher than the close of the previous week but the market closed with the ICInsider.com TOP 10 stocks remaining unchanged.
Two stocks with a notable gain in the Junior Market TOP 10 are Caribbean Cream rising 11 percent to close at $3.79 and Express Catering rose 10 percent to $3.96. AMG Packaging skidded 18 percent to close at $2.60. In the Main Market, there were three stocks with outsize movements. 138 Student Living jumped 19 percent to $4.15 followed by a 13 percent rise respectively for General Accident to $5.35 and Margaritaville to $17.50.
For the full list of percentage changes for the week for the ICTOP10 stocks, check the attached charts that now show a column of the weekly price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 13.4 and the Junior Market TOP10 sits at 7.2, just over half of the market, with an average of 13.4
The Main Market ICTOP10 is projected to gain an average of 294 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 181 percent over the same time frame.
In the Main Market ICTOP 10, a total of 14 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 108, with an average of 32 and 22 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 14 stocks, or 29 percent of the market, with PEs ranging from 15 to 48, averaging 21, well above the market’s average. The top half of the market has an average PE of 18, possibly the lowest fair value for stocks, currently.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2024 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.
Pull back for Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Friday, with the Junior Market Index declining 42.00 points to finish at 3,759.37, after a 501 percent rise in the volume of stocks traded at 364 percent greater value than for the previous day with trading in 45 securities compared with 38 on Thursday and ending with prices of 19 rising, 17 declining and nine closing unchanged.
The market closed with trading of 13,178,824 shares for $30,106,364 up from 2,193,612 units at $6,494,237 on Thursday.
Trading averaged 292,863 shares at $669,030, compared with 57,727 stock units at $170,901 on Thursday with the month to date, averaging 175,359 units at $406,235 compared to 168,337 stock units at $390,530 on the previous day and December with an average of 466,866 units at $1,111,272.
Mailpac Group led trading with 4.76 million shares for 36.1 percent of total volume followed by Dolla Financial with 1.45 million units for 11 percent of the day’s trade, Stationery and Office Supplies with 1.36 million units for 10.3 percent market share, Regency Petroleum ended with 1.27 million units for 9.7 percent market share and One Great Studio closed the week with 1.14 million units for 8.7 percent of total volume.
At the close of trading, the Junior Market ended trading with an average PE Ratio of 13.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging dipped 35 cents in closing at $2.60, with 126,303 stock units crossing the market, Blue Power fell 10 cents to $3.20 after trading of 62,490 shares, Caribbean Assurance Brokers advanced 19 cents to end at $2.24, with 524,434 units changing hands. Caribbean Cream rose 34 cents to close at $3.79 with investors swapping a mere 331 stocks, Consolidated Bakeries climbed 18 cents and ended at $2.18 in switching ownership of 50 units, Derrimon Trading popped 8 cents to $1.98 after an exchange of 48,820 stocks. Dolla Financial skidded 15 cents in closing at $2.50 with a transfer of 1,449,271 shares, Dolphin Cove lost 40 cents and ended at $18.60 with investors dealing in 785 stock units, EduFocal dropped 8 cents to end at $1.40 in an exchange of 578,590 shares. Express Catering gained 11 cents to close at $3.96, after 56,268 units crossed the market, Fontana sank 6 cents to $10.44 in an exchange of 164,684 stocks, Indies Pharma rallied 20 cents to close at $2.90 with traders dealing in 15,330 stock units. 
Iron Rock Insurance increased 32 cents and ended at $2.42 with 449 shares crossing the exchange, Jetcon Corporation popped 9 cents in closing at 91 cents with investors transferring 180 units, Lasco Financial shed 9 cents to end at $2, with 39,484 stocks clearing the market. Lasco Manufacturing declined 19 cents in closing at $4.75 while exchanging 10,206 stock units, Limners and Bards fell 10 cents to $1.20 and closed after an exchange of 22,140 shares, after hitting a 52 weeks’ low of $1.18, Mailpac Group advanced 25 cents to close at $2.28 with an exchange of 4,759,366 units. MFS Capital Partners rose 5 cents to end at $2.70 after 115,705 stocks passed through the market, Regency Petroleum dropped 23 cents and ended at $2.15 as investors exchanged 1,274,321 stock units, Spur Tree Spices rallied 13 cents to $2.58 in trading 111,801 shares and Stationery and Office Supplies increased 13 cents to close at $1.56 after a transfer of 1,359,144 stock units following a fall of the stock to a 52 weeks’ low of $1.41.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main & JSE USD Market, Juniors drop
The Junior Market of the Jamaica Stock Exchange gave back just under a half of the gains posted on Thursday but the Main and the JSE USD markets rallied to close out the day higher than the opening, with the volume of stocks traded rising moderately, with trading ending with the value rising over the previous trading day and the market closed with prices of 39 shares gaining and 33 declining.
At the close of the market, the JSE Combined Market Index climbed 1,085.09 points to 336,104.77, the All Jamaican Composite Index rallied 1,200.87 points to 360,257.92, the JSE Main Index rose 1,549.21 points to 323,274.84. The Junior Market Index fell 42.00 points to 3,759.37 and the JSE USD Market Index popped 3.31 points to end at 247.45.
At the close of trading, 23,219,570 shares were exchanged in all three markets, moderately more than the 23,131,587 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $125.91 million, up from $96.67 million trading on the previous day and the JSE USD market closed with an exchange of 670,997 shares for US$26,968 compared to 119,808 units at US$30,732 on Thursday.
Main Market trading was dominated by Wigton Windfarm with 2.90 million shares followed by Transjamaican Highway with 2.44 million units and Sagicor Select Financial Fund ending with 514,757 units.
In the Junior Market, Mailpac Group led trading with 4.76 million shares followed by Dolla Financial with 1.45 million units, Stationery and Office Supplies ended with 1.36 million stocks, Regency Petroleum closed with 1.27 million shares and One Great Studio with 1.14 million units.
At the close of the market, some of the major Main Market stocks that rose are Massy Holdings popped $2 to end at $90, Pan Jamaica rallying $3.90 to $50, Proven Investments advancing $5.05 to $27, Sagicor Group popping $1 to close at $43 as Seprod climbed $2.05 in closing at $85.55.
The major declining Main Market stocks include AS Bryden with a loss of 99 cents in ending at $42, Jamaica Producers declining $1.15 to close at $21.66, Scotia Group skidding 96 cents to end at $40.50.
Stocks ending with major gains in the Junior Market are, Caribbean Cream up 34 cents to close at $3.79, Iron Rock Insurance increasing 32 cents and ending at $2.42 and Mailpac Group advancing 25 cents to close at $2.28, the major losing stocks are AMG Packaging dipping 35 cents in closing at $2.60, Dolphin Cove losing 40 cents and ended at $18.60 and Regency Petroleum dropping 23 cents to $2.15.
In the preference segment, Eppley 7.25% preference share shed $1.90 to close at $17, Eppley 7.75% dropped $4.95 to end at $18, 138 Student Living preference share rose $28.84 in closing at $221.12, Productive Business Solutions 10.5% gained $125 and ended at $1200 clearing the market with 170 stocks and recently listed Sygnus Credit Investments c10.5% advanced $2 to $107.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.8 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 navigate numerous investment options successfully in the stock market. The 
ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Junior Market clears 3,800 mark on Thursday
The Junior Market of the Jamaica Stock Exchange surged higher on Thursday, with the Junior Market Index climbing 75.77 points to close at 3,801.37, the second time for the month that it closed above 3,800 points for the year to date,
with the volume of stocks traded declining 8 percent, with an 11 percent lower value than on Wednesday, following trading in 38 securities compared with 44 on Wednesday with prices of 15 rising, 12 declining and 11 closing unchanged.
Trading ended with 2,193,612 shares for $6,494,237 down from 2,371,932 units at $7,325,090 on Wednesday.
Trading averaged 57,727 shares at $170,901 compared to 53,908 units at $166,479 on Wednesday with a month to date average of 168,337 units at $390,530 compared to 174,216 stock units at $402,203 on the previous day and December with an average of 466,866 units at $1,111,272.
Future Energy led trading with 349,804 shares for 15.9 percent of total volume followed by Stationery and 
Office Supplies with 339,937 units for 15.5 percent of the day’s trade and Mailpac Group with 299,144 units for 13.6 percent market share.
At the close of trading, the Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial popped 76 cents to close at $23.96 after an exchange of 193 stock units, AMG Packaging dropped 17 cents to $2.95 with investors transferring 76 shares, Cargo Handlers advanced $1.82 to end at $14.90, with 165 units crossing the market. Dolla Financial rose 7 cents in closing at $2.65 in an exchange of 223,937 stocks, EduFocal climbed 7 cents and ended at $1.48, with 114,258 units changing hands, Express Catering increased 12 cents to $3.85 after a transfer of 54,730 stocks. 
Fosrich sank 6 cents to close at $2.29 in trading 24,461 shares, Honey Bun rallied 14 cents to end at $6.26 with 2,676 stock units clearing the market, ISP Finance gained 7 cents in closing at $22.29 with a transfer of 676 shares. KLE Group lost 22 cents and ended at $2.25 while exchanging 53,296 stock units, Lasco Manufacturing popped 33 cents to $4.94 in switching ownership of 4,914 units, Limners and Bards gained 10 cents in closing at $1.30 with investors swapping just one stock. Regency Petroleum rose 8 cents to end at $2.38 with an exchange of 31,412 shares and Stationery and Office Supplies fell 12 cents to close at $1.43 after an exchange of 339,937 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market index at 3,801 as other markets rise
The Junior Market of the Jamaica Stock Exchange surged higher in trading on Thursday as the market index closed at just over 3,801 points, with the Main Market and the JSE USD market rising moderately as trading ended with the number exchanged falling, with the value traded jumping sharply over that on Wednesday as 30 shares rose and 26 declined.
At the close of trading on Thursday, the JSE Combined Market Index climbed 1712.97 points to close at 335,019.68, the All Jamaican Composite Index climbed by 1,622.28 points to close at 359,057.05, the JSE Main Index rose 1,118.96 points in ending trading at 321,725.63. The Junior Market Index jumped 75.77 points to 3,801.37 and the JSE USD Market Index gained 2.97 points to end the day at 244.14.
At the close of trading, 23,131,587 shares were exchanged in all three markets, down from 31,607,536 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $96.67 million, up from $$90.38 million on Wednesday and the JSE USD market closed with an exchange of 119,808 shares for US$30,732 compared to 152,413 units at US$68,498 on Wednesday.
Main Market trading was dominated by Transjamaican Highway that led trading with 15.64 million shares followed by Wigton Windfarm with 2.64 million units and Stanley Motta, with 901,971 stock units.
In the Junior Market, Future Energy led trading with 349,804 shares followed by Stationery and Office Supplies with 339,937 units and Mailpac Group with 299,144 units.
At the close of the market, some of the major Main Market stocks that rose are AS Bryden rallied $2.49 to close at $42.99, Caribbean Cement advanced $1.74 to end at $53, Mayberry Group climbed $1.16 in closing at $7.6 and Scotia Group advanced $1.46 and ended at $41.46.
The major declining Main Market stocks include Pan Jamaica skidded $3.89 and ended at $46.10, Sagicor Group sank $1.40 to $42 changing hands 50 shares, Seprod declined $3.30 in closing at $83.50.
Junior Market, stocks with notable gains are Access Financial climbed 76 cents in closing at $23.96, Cargo Handlers popped $1.82 to close at $14.90 and Lasco Manufacturing increasing 33 cents and ended at $4.94. There were no major losing stocks on Thursday.
In the preference segment, Eppley 7.25% preference share rallied $2.84 to close at $18.90, Jamaica Public Service 7% lost $4.99 to $45 closed at 550 and Sygnus Credit Investments c10.5% dropped $9.99 to close at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20…8 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Rising Junior Market stocks pushed market up
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with an 88 percent decline in the volume of stocks traded at a 88 percent lower value than on Tuesday with trading in 44 securities compared with 42 on Tuesday and ending with prices of 19 rising, 14 declining and 11 closing unchanged.
The market closed with an exchange of 2,371,932 shares for $7,325,090, down sharply from 19,652,963 units at $62,031,231 on Tuesday. Trading averaged 53,908 shares at $166,479, compared with 467,928 units at $1,476,934 on Tuesday, Trading for the month to date, averages 174,216 units at $402,203 from 182,105 stocks at $417,660 on the previous day and December with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 617,000 shares for 26 percent of total volume followed by Express Catering with 217,455 units for 9.2 percent of the day’s trade and Fontana with 179,930 units for 7.6 percent market share.
At the close, the Junior Market Index advanced 2.78 points to end trading at 3,725.60.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial increased 52 cents to end at $23.20 in switching ownership of 60 stock units, AMG Packaging popped 56 cents to $3.12 with an exchange of 113,077 shares, Blue Power shed 15 cents to end at $3.30, with 750 units passing through the market. Caribbean Flavours rallied 22 cents to close at $1.72 after an exchange of 5,790 stocks, Derrimon Trading lost 8 cents in closing at $1.90, with 147,826 shares changing hands, Dolla Financial sank 12 cents to $2.58 in an exchange of 88,102 stocks. EduFocal fell 9 cents to $1.41, with 73,176 units crossing the market, Everything Fresh rose 8 cents in closing at $1.66 in trading 75,565 stock units, Fosrich gained 12 cents to end at $2.35 after 21,698 shares passed through the exchange, Future Energy fell 7 cents to close at $3.43 trading 92,665 stocks, GWest Corporation climbed 8 cents to 95 cents in an exchange of 103 units,
Honey Bun advanced 12 cents and ended at $6.12 with investors trading 121 stock units. Indies Pharma dropped 23 cents to end at $2.68 after a transfer of 17,458 shares, ISP Finance skidded $7.78 to end at $22.22 with investors swapping 1,926 stocks, Jetcon Corporation dipped 9 cents to close at 82 cents and closed with an exchange of 10,000 units. JFP Ltd rose 7 cents to $1.45 after 1,834 stock units passed through the market, KLE Group gained 22 cents and ended at a 52 weeks’ high of $2.47 with an exchange of 18,216 shares, Knutsford Express popped $2.90 in closing at $12.40, with 7,132 stock units changing hands. Lasco Manufacturing sank 8 cents to close at $4.61 with traders dealing in 10,536 units, Main Event increased 88 cents to end at $17 as investors exchanged 65,265 stocks, Medical Disposables dropped 7 cents to $2.69 with a transfer of 4,049 shares and MFS Capital Partners climbed 16 cents to close at $2.65 with investors dealing in 113,685 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE markets recorded gains on Wednesday
The Main Market of the Jamaica Stock Exchange put in some solid gains in trading on Wednesday as the Junior Market JSE USD market popped moderately higher as trading ended with the number of stocks exchanged falling, with the value traded jumping sharply over that on Wednesday, with prices of 41 shares rising and 23 declining.
The market closed trading with, the JSE Combined Market Index rising 909.96 points to close at 333,306.71, the All Jamaican Composite Index gained 1,716.13 points to 357,434.77, the JSE Main Index rallied 944.29 points to 320,606.67. The Junior Market Index popped 2.78 points to end at 3,725.60 and the JSE USD Market Index inched 1.51 points higher to end the day at 241.17.
At the close of trading, 31,607,536 shares were exchanged in all three markets, up from 29,690,680 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $90.38 million, down from $120.94 million on …day and the JSE USD market closed with an exchange of 152,413 shares for US$68,498 compared to 147,004 units at US$5,094 on Tuesday.
Main Market trading was dominated by JMMB 9.5% preference share led trading with 16.97 million shares followed by Transjamaican Highway with 7.14 million stock units and Wigton Windfarm with 2.23 million units.
In the Junior Market, One Great Studio led trading with 617,000 shares followed by Express Catering with 217,455 units and Fontana with 179,930 units.
At the close of the market, some of the major Main Market stocks that rose are Jamaica Producers with an increase of $1.93 in closing at $23.58, Sagicor Group rising $2.40 to end at $43.40 and Seprod climbing $2.50 to $86.80.
The major declining Main Market stocks include Caribbean Cement dropping $1.99 to $51.26 and Guardian Holdings, which lost $5 to close at $370.
The Junior Market ended with major price increases in Access Financial up 52 cents to end at $23.20, AMG Packaging popping 56 cents to $3.12, Knutsford Express popping $2.90 in closing at $12.40 and Main Event increasing 88 cents to end at $17, with the major losing stock being ISP Finance that skidded $7.78 in closing at $22.22. and
In the preference segment, no stock traded with a notable price on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
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 quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.