Investors exchanged 43 percent more stocks in the Jamaica Stock Exchange Main Market on Wednesday, valued slightly more than Tuesday, with trading in 55 securities, similar to Tuesday, and leading to prices of 26 stocks rising, 16 declining and 13 ending unchanged.
A total of 32,907,198 shares were traded for $46,037,711 compared to 23,052,827 units at $45,065,813 on Tuesday.
Trading averaged 598,313 units at $837,049 versus 419,142 shares at $819,378 on Tuesday and month to date, an average of 187,918 units at $1,331,594 compared to 162,977 units at $1,361,649 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Wigton Windfarm led trading with 27.79 million shares for 84.5 percent of total volume, followed by Sagicor Select Financial Fund with 1.77 million units for 5.4 percent of the day’s trade and Transjamaican Highway with 1.09 million units for 3.3 percent market share.
The All Jamaican Composite Index advanced 555.68 points to 386,165.16, the JSE Main Index popped 104.88 points to settle at 340,093.16 and the JSE Financial Index rose 0.50 points to end at 81.73.
The PE Ratio, a formula to ascertain appropriate stock values, averages 15.1 on the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped $3.43 to end at $86 after a transfer of 15,111 shares, Caribbean Cement rose $1.89 to close at $59.89 in an exchange of 6,533 stock units, Eppley shed $1.70 to end at $39 with the swapping of 170 units. Eppley Caribbean Property Fund rallied $1.89 to $49.89 in trading 57 stocks, GraceKennedy popped 50 cents to end at $79 with investors transferring 34,697 shares, Guardian Holdings climbed $9.90 in closing at $520 after 1,370 stocks crossed the market. Jamaica Broilers fell 94 cents to $30.05 with 14,612 units changing hands, Jamaica Producers rose 99 cents to close at $20.99, trading 11,016 stock units, Jamaica Stock Exchange fell 76 cents to $13.72 after a transfer of 16,369 shares. Mayberry Investments advanced 74 cents to $8.81 in switching ownership of 504 units, NCB Financial rallied 99 cents to $79 in swapping 8,469 stock units, 138 Student Living gained 59 cents to finish at $4.90 trading 236 stocks. Palace Amusement climbed $100 to close at a 52 weeks’ high of $2,900 in transferring 832 stocks, PanJam Investment popped $2.20 to $57.20, with 250 units crossing the exchange, Proven Investments rose $1.48 in closing at $31.50 trading 1,539 stock units. Sagicor Group gained $1 to end at $52 with an exchange of 667 shares, Scotia Group popped 87 cents to $34.87 after an exchange of 32,403 units, Seprod rallied $1 to $68 with the swapping of 1,234 stock units. Supreme Ventures gained 65 cents to close at $28 in trading 20,247 stocks and Sygnus Credit Investments rallied 44 cents in closing at $12.50 with 1,305 shares crossing the market.
In the preference segment, 138 Student Living preference share declined $4, ending at $65, with nine stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main & Junior markets rise USD drops
Stocks in the Main and Junior markets rose on Wednesday but the JSE USD dropped sharply at the close of the Jamaica Stock Exchange markets, with the volume of stocks traded rising over Tuesday as value dropped back in continued low trading levels as the market consolidates in setting to chart the medium term direction.
Trading ended with an exchange of 44,186,085 shares up sharply from 41,010,941 units on Tuesday, with a value of $71.79 million just down from $85.24 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$3,947 versus US$60,212 on Tuesday.
At the close, the Combined Market Index popped 431.30 points to end at 353,428.88, the All Jamaican Composite Index gained 555.68 points to close at 386,165.16, the JSE Main Index rose 104.88 points to 340,093.16, the Junior Market Index climbed 35.91 points to 3,940.68 and the JSE US dollar market index dropped 14.24 points to close at 199.09.
The market’s PE ratio ended at 22.5 based on 2021-22 earnings and 13.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
All JSE markets fall on Tuesday
Stock prices softened for a second day in all the Jamaica Stock Exchange markets on Tuesday, with the volume and value of stocks traded rising over the volume and value exchanges on Monday.
Trading ended with an exchange of 41,010,941 shares up sharply from 25,716,908 units on Monday, with a value of $85.24 million compared to $74.88 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$60,212 versus US$18,456 on Monday.
At the close, the Combined Market Index dropped 699.46 points to 352,997.58, the All Jamaican Composite Index increased 387.49 points to 385,609.48, the JSE Main Index dipped 110.73 points to 339,988.28, the Junior Market dropped 64.19 points to 3,904.77 and the JSE US dollar market lost 3.71 points to close at 213.33.
The market’s PE ratio ended at 22.6 based on 2021-22 earnings and 13.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
All JSE markets fall on Monday
Stocks prices softened in all markets on Monday on the Jamaica Stock Exchange, with the volume and value of stocks traded falling compared to Friday.
Trading ended, with an exchange of 25,716,908 shares down from 30,350,965 units on Friday, with a value of $74.88 million compared to $178.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$18,456 versus US$81,708 on Friday.
At the close, the Combined Market Index fell 820.67 points to 353,697.71, the All Jamaican Composite Index declined 840.56 points to 385,221.99, the JSE Main Index fell 632.15 points to 340,099.01, the Junior Market lost 24.95 points to end at 3,968.96 and the JSE US dollar market lost 1.20 points to close at 217.04.
The market’s PE ratio ended at 22.5 based on 2021-22 earnings and 13.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
All JSE markets drop on Thursday
All of the Jamaica Stock Exchange markets declined on Thursday with the volume and value of stocks traded rising compared to that on Wednesday, with the volume more than doubling that of Wednesday as the value climbed moderately.
Trading ended, with an exchange of 24,723,664 shares compared to 11,612,526 units on Wednesday, with the value ending at $62.7 million from $50.4 million the previous day. The JSE USD market ended with US$23,978 worth of stocks traded versus US$50,829 on Wednesday.
At the close, the Combined Market Index dropped 1,992.86 points to finish at 354,438.51, the All Jamaican Composite Index fell 1,548.29 points to 386,984.31, the JSE Main Index dropped 1,426.90 points to 340,945.48, the Junior Market dived 72.06 points to end at 3,963.89 and the JSE US dollar market lost 10.15 points to close at 219.13.
The market’s PE ratio ended at 22.6 based on 2021-22 earnings and 13.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.