The volume of stocks traded on the Jamaica Stock Exchange Main Market on Wednesday rose 18 percent and the value jumped 259 percent higher than on Tuesday, from trading in 54 securities compared to 55 on Tuesday, with 17 rising, 24 declining and 13 ending unchanged.
The All Jamaican Composite Index dropped 3,634.92 points to 386,883.40, the JSE Main Index declined 2,841.02 points to 341,084.32 and the JSE Financial Index shed 0.31 points to settle at 81.87.
A total of 9,841,967 shares were traded for $126,164,786 versus 8,360,004 units at $35,173,992 on Tuesday.
Trading averaged 182,259 shares at $2,336,385 versus 152,000 shares at $639,527 on Tuesday and month to date, an average of 151,804 units at $1,392,640 versus 147,119 units at $1,247,448 on the previous day. December closed with an average of 604,110 units at $4,072,598.
Jamaica Broilers led trading with 3.27 million shares for 33.2 percent of total volume, followed by Wigton Windfarm with 2.65 million units for 26.9 percent of the day’s trade and Transjamaican Highway with 1.92 million units for 19.5 percent market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Producers shed 65 cents in closing at $11 with a transfer of 80,830 shares, Eppley climbed $6.11 to $40.99 after 155 stocks passed through the market, Eppley Caribbean Property Fund declined $10 to $40, trading 4,063 stock units. First Rock Real Estate fell $1.09 to close at $12 with an exchange of 11,203 units, GraceKennedy dropped $4.04 to $79.96, with 14,408 stocks clearing the market, Jamaica Producers popped $1.98 to $21.98 as investors traded 12,321 stock units. Jamaica Stock Exchange shed 98 cents to end at $14.50 with investors transferring 23,485 units, JMMB Group rallied 64 cents to $33.44 with 40,018 shares changing hands, Kingston Wharves declined $4.38 to close at $31.06 in swapping 3,345 units. Margaritaville advanced $2.93 to $19.55 after a transfer of 28,413 shares, Massy Holdings rose 95 cents in closing at $79.95 with the swapping of 945 stock units, Mayberry Investments gained 60 cents to end at $8.90, trading 503 stocks. Palace Amusement jumped $225 to close at a 52 weeks’ high of $1,830 in transferring 805 units, Proven Investments shed $2.40 in ending at $30 with 8,029 stocks changing hands, Scotia Group dipped $1.89 to $32.01 in trading 113,116 shares. Seprod advanced $1.98 to $67.98 in switching ownership of 1,733 stock units and Sygnus Credit Investments lost 65 cents in closing at $12.85 after exchanging 53,468 shares.
In the preference segment, Eppley 7.25% preference share dropped $2 to close at $20 after trading 2,480 units and Eppley 7.75% preference share lost 79 cents to finish at a 52 weeks’ low of $19.21 after an exchange of 200 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises on Jamaica Stock Exchange as prices fall
The value of stocks trading picked up on the Jamaica Stock Exchange on Wednesday well over the sub-par levels on Monday and Tuesday. However, the Main Market and the Junior Market indices declined and the JSE USD Market enjoyed a bounce.
Trading ended with an exchange of 21,678,787 shares compared with 16,753,008 units on Tuesday, with the value falling to $155.5 million from $57.5 million on the previous trading day. The JSE USD market ended with the value of stocks traded falling to US$9,740 from US$22,972 on Tuesday.
At the close, the Combined Market Index dived 3078.85 points to 354,103.21, the All Jamaican Composite Index dropped 3,634.92 points to 386,883.40, the JSE Main Index fell 2,841.02 points to 341,084.32, the Junior Market dived 46.69 points to end at 3,913.28 and the JSE US dollar market rose 4.02 points to close at 230.04.
The market’s PE ratio ended at 22.4 based on 2021-22 earnings and 13.3 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.
JSE Main Market trading falls
The value of stocks trading continues to be low on the Jamaica Stock Exchange, with value traded on Tuesday falling below Monday’s level, leading to a jump in the Junior Market index and modest increases for that of the Main Market and slippage for the JSE USD Market.
Trading ended with an exchange of 16,753,008 shares versus 16,619,413 units on Monday, with the value falling to $57.5 million from $68 million on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$22,972 down from US$74,761 on Monday.
At the close, the Combined Market Index popped 905.12 points to 357,182.06, the All Jamaican Composite Index rose 397.74 points to close at 390,518.32, the JSE Main Index gained 417.79 points to 343,923.34, the Junior Market jumped 56.12 points as it gave back some of the early trading gains to end at 3,959.97 and the JSE US dollar market fell 5.76 to 226.02.
The market’s PE ratio ended at 22 based on 2021-22 earnings and 13.3 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.
JSE Main Market drops Juniors pop
Trading on the Jamaica Stock Exchange dropped on Monday, with the market indices dropping for the Main Market and just slipping for the JSE USD Market while the Junior Market just held up by a few points after the value of shares traded in the overall plunged sharply below $70 million.
Trading ended, with an exchange of 16,619,413 shares versus 17,408,795 units on Friday, with the value falling sharply to $68 million from $217.47 million on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$74,761 up from US$11,314 on Friday.
At the close, the Combined Market Index dropped 4,330.84 points to 356,276.94, the All Jamaican Composite Index fell 5,923.29 points to 390,120.58, the JSE Main Index shed 4,673.08 points to 343,507.55, the Junior Market held on to 3.07 points of the early trading gains to end at 3,903.85 and the JSE US dollar market closed at 231.78 after slipping 2.03 points.
The market’s PE ratio ended at 21.2 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 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.
JSE Main Market climbs as volume spikes
The Jamaica Stock Exchange enjoyed a nice bounce on Friday, with a rising Main Market as trading picked up sharply over the miniscule levels on Thursday, with the value of shares traded surging as well following an exchange of $84 million worth of shares in Massy Holdings and $62 million worth of PanJam Investment shares.
At the close of trading the Main Market indices bounced more than the fall on Thursday, but the Junior Market lost some ground giving up all of Thursday’s gains and the JSE USD market remained virtually flat at the close after slipping a few points.
Trading ended, with an exchange of 17,408,795 shares up from 13,188,780 units on Thursday, with the value rising sharply to $217.47 million up from $40 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$11,314 up from US$9,508 on Thursday.
At the close, the Combined Market Index dropped 2,398.34 points to 360,607.78, the All Jamaican Composite Index fell 2,146.48 points to 396,043.87, the JSE Main Index shed 2,768.71 points to 348,180.63, the Junior Market fell 20.07 points to 3,900.78 and the JSE US dollar market closed at 233.85 after slipping 0.04 points.
The market’s PE ratio ended at 22.4 based on 2021-22 earnings and 13.4 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Juniors rise majors fall
Stocks mostly fell on the JSE Main Market on Thursday, for a second day but vastly less than the significant drop on Wednesday, while the Junior Market recovered some lost grounds suffered over the past two days and the JSE USD market remained flat at the close.
Trading ended with an exchange of 13,188,780 shares from 18,423,695 units on Wednesday, with a value dropping sharply to just $40 million down from $84.7 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$9,508 up from US$3,524 on Wednesday.
At the close, the Combined Market Index fell 1,440.80 points to 358,209.44 the All Jamaican Composite Index dropped 2,146.48 points to 392,484.67, the JSE Main Index shed 1,737.67 points to 345,411.92, the Junior Market index rose 19.61 points to 3,920.85 and the JSE US dollar market closed unchanged at 233.85.
The market’s PE ratio ended at 21.1 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 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.