Transjamaican takes 94% JSE USD market


Trading climbed sharply on Monday, with Transjamaican Highway, the premier toll-road operator in Jamaica, accounting for just under 3.8 million shares, 94 percent of the total of 3,997,953 shares traded on the Jamaica Stock Exchange US dollar market on Monday, with a value of US$108,139 well above 510,567 stocks at US$22,529 on Friday, as the volume of stocks traded soared 683 percent with a 380 percent more value than on Friday,

Trading resulted from the exchange of 10 securities, compared to nine on Friday, with prices of five rising and five ending unchanged.
The market closed with an average of 399,795 shares at US$10,814 compared to 56,730 stock units at US$2,503 on Friday. The average for the month to date amounts to 372,600 units at US$13,819, up slightly from 368,823 stocks at US$14,237 on the previous day and March with an average of 92,288 units for US$8,588.
The US Denominated Equities Index rallied 5.45 points to close at 220.22. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best-known measures for determining appropriate stock values, averages 11.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial years ending around August 2025.
At the close of the market, AS Bryden ended at 16 US cents with investors trading 91 shares, Margaritaville increased 1.5 cents to 11.5 US cents, with traders switching ownership of 20 stocks, Proven Investments remained at 11 US cents after an exchange of 20 shares. Sterling Investments climbed 0.03 of one cent to close at 1.8 US cents with investors passing 206,538 stock units through the market, Sygnus Credit Investments remained at 7 US cents with 32,991 units crossing the exchange, Sygnus Real Estate Finance USD share ended at 9 US cents with 17 shares being traded and Transjamaican Highway rose 0.1 of one cent in closing at 2.61 US cents after an exchange of 3,758,169 stock units.
In the preference segment, JMMB Group 7.5% preferred share remained at US$2 with traders swapping 93 stock units, Productive Business Solutions 9.25% preference share advanced 35 cents to end at US$10.50 with investors trading only 2 units and Sygnus Credit Investments US 8% popped 0.12 of a cent to close at US$8.7022 with 12 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kintyre & Guardian head ICTOP10


Kintyre Holdings and Guardian Holdings are the two leading stocks in ICTOP10 this week that are poised to deliver the most gains in the Jamaica stock market, that is currently struggling to break out. Guardian just released full year results showing profit rising while Kintyre’s latest financial report shows the group in a profitable position that is pointing to a big bump in earings for 2025.

The Jamaica stock market struggled last week, even as interest rates on BOJ certificate of deposits have fallen since last year and seem poised to decline further, with Bank of Jamaica CD rates now under 6 percent currently. The total take from the money market dropped to $83 billion from $160 billion a year ago, and more than $100 billion a few eeks ago, The NIR is at a record high of US$5.79 billion and the price of oil on the world market has delined to just over US$60 per barrel and set to keep pressure on inflation. Profit results, of course, released by several companies are not inspiring enough to evoke increased buying interest across the market.
It is against the above that the IC TOP 10 performance can be viewed. During the past week, two stocks rose in the Junior Marlet TOP10 and seven declined. The Main Market TOP 10 list saw three stocks rising and five declining.
During the past week, in the Junior Marlet TOP10, Kintyre Holdings climbed 8 percent to close at 27 cents and Caribbean Flavours gained 5 percent to close at $1.25. Dolphin Cove lost 15 percent to end at $13.99, Caribbean Assurance fell 13 percent to $2.50, as investors await the long delaid 2024 full year results. AMG Packaging declined by 10 percent to $2.50, Dolla Financial lost 9 percent to close at $2.40, Limners and Bards dipped by 7 percent to $1.10 and Express Catering and Elite Diagnostic fell 4 percent to $2.76 and and $1.54 43 spectively.
In the Main Market ICTOP10, Proven Investments jumped 22 percent to 11 US cents, 138 Student Living climbed 17 percent to $3,80 and QWI Investments rallied to 8 1 cents for a four percent gain. Margaritaville fell 6 percent to $3 and Jamaica Broilers dipped 4 percent to $26.75 as losses incurred in the third quarter and inadequate explanation from management surrounding the loss weighed down on the stock.
There are no new listings for the All JSE ICTOP10, the Junior Market ICTOP10 and the Main Market ICTOP10 for the past week.
The average PE for the JSE Main Market ICTOP 10 is just 5.5, well below the market average of 13.3 and the Junior Market TOP10 stands at 7.1, just under half of the market average of 14.4.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 281 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 212 percent increase for the same period.
In the Main Market ICTOP 10, there are 18 stocks with the highest values accounting for 35 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 53 with an average of 22 and a PE of 20 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not blue chip. In some cases, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions in selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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, 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.

Transjamaican elevates JSE USD market


Trading remains elevated on the US Dollar market on Thursday as Transjamaican Highway led trading with 1.4 million shares, yet the volume of stocks traded declined by 32 percent, with the value 44 percent lower than on Wednesday, following seven securities crossing the exchange, similar to Wednesday’s level. The market closed with the price of no stock rising, three stocks declining and four ending unchanged.

The market closed with an exchange of 1,653,319 shares for US$64,360, well below the 2,421,389 stocks that traded at US$115,441 on Wednesday.
Trading closed with an average of 236,188 shares with a value of US$9,194, quite a bit lower than the 345,913 stock units at US$16,492 on Wednesday, with a month to date average of 413,407 units at US$15,913 compared with 435,560 stocks at US$16,753 on the previous day and March, with an average of 92,288 units for US$8,588.
The US Denominated Equities Index rallied 0.60 points to 216.75. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the often used measures to determine appropriate stock values, averages 10.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Margaritaville remained at 10 US cents with an exchange of 10 shares, Sterling Investments fell 0.14 of one cent to 1.76 US cents as investors passed 224,421 stocks through the market, Sygnus Credit Investments ended at 7 US cents with traders dealing in 4,542 units and Transjamaican Highway skidded 0.13 of a cent and ended at 2.57 US cents after an exchange of 1,408,374 shares.
In the preference segment, JMMB Group 7.5% preferred share slipped one cent to end at US$2 with investors swapping 5,500 stock units, JMMB Group US8.5% preference share remained at US$1.03 after an exchange of 10,372 shares and Productive Business Solutions 9.25% preference share ended at US$10.15 with investors dealing in 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican takes 83% of JSE USD trades


Transjamaican Highway claims the top spot for the volume of stocks traded on the Jamaica Stock Exchange US dollar market on Wednesday, with the market volume rising 173 percent with a 68 percent lower value than on Tuesday, leading to an exchange of eight securities, down from 13 on Tuesday with prices of three rising, three declining and two ending unchanged.

The market closed with an exchange of 441,767 shares for US$12,713 above the 161,911 stocks trading at US$40,305 on Tuesday.
Trading averaged 55,221 shares at US$1,589 compared to 12,455 stocks at US$3,100 on Tuesday, with a month to date average of 28,747 units at US$2,525 and much less than March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index rose 1.91 points to finish at 218.20. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best-known measures to determine appropriate stock values, averages 11.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share remained at 2.09 US cents with 2 shares crossing the market, Margaritaville climbed 2.35 cents to 10 US cents with a transfer of 31 units, Sterling Investments declined 0.02 of one cent and ended at 1.95 US cents with 50,002 shares crossing the market. Sygnus Credit Investments sank 0.69 of one cent to finish at 6.31 US cents after a transfer of 24,000 stocks and Transjamaican Highway rose 0.02 of one cent in closing at 2.69 US cents with 367,689 stock units crossing the exchange.

In the preference segment, JMMB Group US8.5% preferred share gained 2 cents to end at US$1.05 with investors swapping just 4 shares, Sygnus Credit Investments US 8% dropped 5.42 cents to US$8.45 with 9 stocks switching owners and Sygnus Credit Investments E8.5% ended at US$9.80 with investors trading 30 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market slips as stocks fall



Stocks mostly fell on the Jamaica Stock Exchange US dollar market on Tuesday, following an 80 percent fall in the volume of stocks traded with a 39 percent higher value than on Monday as trading expanded to 13 securities, up from eight on Monday, with prices of three rising, five declining and five ending unchanged.

The market closed with an exchange of 161,911 shares for US$40,305, significantly down from 815,187 stocks at US$28,912 on Monday.
Trading averaged 12,455 shares at US$3,100 well below 101,898 stocks at US$3,614 on Monday and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index slipped 8.55 points to close trading at 216.29. The Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and just one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, AS Bryden lost 3.54 cents in closing at a 52 weeks’ low of 16 US cents with investors dealing in 5,559 shares, First Rock Real Estate USD share ended at 2.09 US cents with 9,634 units clearing the market, Margaritaville shed 1.35 cents to finish at 7.65 US cents in trading 3,823 shares. Productive Business Solutions remained at US$1.45 and closed with an exchange of 201 stock units, Proven Investments rallied 0.99 of a cent to end at 10.99 US cents after investors ended trading 41,699 stocks, Sterling Investments rose 0.01 of a cent to close at 1.97 US cents with 5,451 units passing through the market. Sygnus Real Estate Finance USD share gained 0.69 of a cent to end at 8.63 US cents with traders dealing in 656 stocks and Transjamaican Highway slipped 0.03 of one cent to finish at 2.67 US cents after an exchange of 71,933 shares.
In the preference segment, JMMB Group 7.5% preferred share remained at US$2.01 with investors trading 5,700 stock units, JMMB Group US8.5% preference share ended at US$1.03 with 16,924 shares switching owners, Productive Business Solutions 9.25% preference share dipped 20 cents to end at US$10.60 with investors swapping 48 stock units, Sygnus Credit Investments US 8% fell US$1.60 in closing at US$8.50 with a transfer of 13 units and Sygnus Credit Investments E8.5% ended at US$9.80 as investors exchanged 270 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market slips into month end


The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded rising 111 percent with a 3 percent lower value than on Friday, resulting in an exchange of eight securities, up from six on Friday, with prices of three rising, two declining and three ending unchanged.

The market closed with an exchange of 815,187 shares for US$28,912 compared to 386,163 stocks at US$29,928 on Friday.
Trading averaged 101,898 shares at US$3,614 compared to 64,361 stocks at US$4,988 on Friday, with a month to date average of 92,288 units at US$8,588 compared with 91,761 stocks at US$8,860 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index dipped 2.10 points to 224.84. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close, AS Bryden sank 0.45 of one cent to end at 19.54 US cents as investors exchanged 11,665 shares after the price hit an intraday 52 weeks’ low of 16.01 cents, Margaritaville declined 0.5 of a cent to 9 US cents with 10 shares clearing the market, Proven Investments rallied 0.9 of a cent to finish at 10 US cents with investors swapping 96,767 stocks. Sterling Investments popped 0.09 of one cent and ended at 1.96 US cents in an exchange of 236,848 shares, Sygnus Credit Investments ended at 7 US cents with traders dealing in 247 stock units, Sygnus Real Estate Finance USD share remained at 7.94 US cents and closed with an exchange of 2,568 shares and Transjamaican Highway gained 0.12 of one cent to 2.7 US cents in trading 466,874 stocks.

In the preference segment, JMMB Group US8.5% preference share remained at US$1.03 after an exchange of 208 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican tops JSE USD trades


Trading on the US Dollar market jumped higher on Tuesday, with Transjamaican Highway now released from the pressure of the public offer of shares sold by the Government of Jamaica, accounted for just over 81 percent of the day’s trade on the Jamaica Stock Exchange US Dollar market, and pushing the volume and value of stocks traded up a solid 355 percent and 279 percent, respectively, over that on Monday.

At the close of the market, ten securities were exchanged, up from six on Monday, with half coming from the preferred section of the market, with prices of four stocks rising, two declining and four ending unchanged.
The market closed with an exchange of 1,129,940 shares for US$134,480, sharply beyond the 298,433 stocks changing hands at US$29,583 on Monday.
Trading averaged 112,994 shares at US$13,448, sharply above the 49,739 stocks at US$4,931 on Monday, with a month to date average of 80,812 units at US$7,651, which is well aligned to 77,989 stocks at US$7,142 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index advanced 6.30 points to 230.55. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the popular measures used to determine appropriate stock values, averages 11. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, AS Bryden gained 0.6 of one cent to end at 20.4 US cents with 49 stock units crossing the market, First Rock Real Estate USD share shed 0.01 of a cent to end at 2.09 US cents in an exchange of a mere 4 shares, Proven Investments remained at 10 US cents with traders dealing in 134,531 stocks. Sygnus Credit Investments ended at 7 US cents to close with an exchange of 6,326 units and Transjamaican Highway popped 0.11 of a cent in closing at 2.7 US cents after a transfer of 919,012 shares.
In the preference segment,  JMMB Group 7.5% preferred share advanced 1 cent to finish at US$2.01 in trading 24,482 stocks. JMMB Group US8.5% preference share ended at US$1.03 with 45,457 units passing through the market, Productive Business Solutions 9.25% preference share ended at US$10.80 with investors trading 12 stock units, Sygnus Credit Investments US 8% rose 3 cents to finish at US$8.68, with 30 shares clearing the market and Sygnus Credit Investments E8.5% declined 20 cents to end at US$9.80 with 37 stock units switching owners.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kintyre heads All JSE ICTOP10


The price of Kintyre Holdings dropped 15 percent during the week to close at a 52 weeks’ low of 28 cents and jumped to the top of the All JSE ICTOP10 with potential gains of 471 percent and pushing Guardian Holdings to the number 2 spot, projected to gains just over 400 percent, with markets declining during the past week with the Main Market falling less than one percent and the Junior Market falling 2.3 percent.

The Transjamaican’s public share issue which is 36 percent oversubscribed, diverted funds away from the secondary market, resulting in the ICTOP10 ending with the prices of just two stocks rising in the Junior Market listing while seven declined. In the Main Market listing three stocks rose and six declined.
In the Junior Market ICTOP10, Express Catering rebounded from a loss of the previous week with an 11 9 percent climb to $2.89 and Iron Rock Insurance just managed to eke out a 3 percent rise to $3.80. and dropped out of the Junior Market ICTOP10 allowing Dolphin Cove to return.
AMG Packaging lost 21 percent to close at $2.30, following an 18 percent drop in the previous week, Kintyre Holdings suffered a 15 percent decline to 28 cents, accompanying heavy selling in the stock. declined 10 percent to $2.60, Caribbean Assurance declined by 14 percent to close at $2.36, Caribbean Flavours fell 10 percent to $1,16, Limners & Bards slipped 7 percent to $1.12 and Dolla Financial lost 3 percent to close the week at $2.66.
In the Main Market ICTOP10, Margaritaville rose 5 percent to $15.50 and VM Investments gained 3 percent to $2.25. $15.
NCB Financial hit an eight and a half year low of $42 after falling 7 percent during the week after trading as low as $40.10, 38 percent below the $65 the new shares were sold at last year to the public, QWI Investments fell 6 percent to 77 cents and Jamaica Broilers dropped 5 percent to $35.24.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Caribbean Producers returning to the All JSE ICTOP10, while Express Catering fell out.
There is one change to the Junior Market ICTOP10 and none in Main Market ICTOP10, with the Junior Market Iron Rock Insurance returning as Dolphin Cove drops out with the B recovery continuing for the stock price following the sharp fall two weeks ago.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15 and the Junior Market TOP10 stands at 7.6, more than half of the market, with an average of 13.9.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 2515 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 211 percent increase for the same period.
In the Main Market ICTOP 10, there are 18 stocks with the highest values accounting for 35 percent of the Main Market, with PEs between 15 to 42, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 12 stocks or 26 percent of the market have PEs ranging from 15 to 29 with an average of 19 and a PE of 17 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and non-blue chip stocks and in some cases weaker companies that may be oversold and therefore end up on the list. 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 2025 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, 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.

Transjamaican grabs 78% JSE USD market


Trading surged on the Jamaica Stock Exchange US dollar market on Friday with Transjamaican taking 78 percent of the volume that jumped 183 percent with the value climbing 111 percent above Thursday’s trades resulting in an exchange of seven securities compared with eight on Thursday with prices of one rising and six ending unchanged.

The market closed with an exchange of 1,553,053 shares for US$42,992, increasing from 548,952 stocks for US$20,373 on Thursday.
Trading averaged 221,865 shares at US$6,142 up from 68,619 stocks at US$2,547 on Thursday, with a month to date average of 79,559 units at US$7,265 going from 69,696 stocks at US$7,343 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index lost 4.49 points to finish at 224.32. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 10.8. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share ended at 2.1 US cents with investors swapping 5 stock units, Margaritaville remained at 9.5 US cents after an exchange of 905 units, MPC Caribbean Clean Energy ended at 40 US cents in trading 246 shares. Proven Investments closed at 10 US cents in trading 49,190 stock units, Sygnus Credit Investments ended at 6.31 US cents in an exchange of 27,222 shares and Transjamaican Highway rallied 0.03 of a cent to close at 2.63 US cents with 1,475,472 stock units crossing the market.
In the preference segment, Sygnus Credit Investments US 8% finished trading at US$8.55 as investors exchanged 13 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican leads JSE USD Market


Fresh from the successful public sale of shares in Transjamaican by NROCC, shares of Jamaica’s toll road operator, cornered nearly half of the trading on the Jamaica US dollar market on Thursday resulting in the volume of stocks traded surging 111 percent with 83 percent less value than on Wednesday and ending in trading of eight securities, down from 10 on Wednesday with prices of three rising, three declining and two ending unchanged.

The market closed with an exchange of 548,952 shares for just US$20,373 compared to 259,595 stocks at US$117,525 on Wednesday.
Trading averaged 68,619 shares at US$2,547 compared to 25,960 stocks at US$11,753 on Wednesday, with a month to date average of 69,696 units at US$7,343 aligned with 69,788 stocks at US$7,756 on the previous day compared to February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index shed 8.07 points to finish at 228.81. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 10.7. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share popped 0.02 of a cent to close at 2.1 US cents in an exchange of 139,921 shares, Margaritaville increased 0.01 of a cent to 9.5 US cents in trading of a mere one stock, Productive Business Solutions dropped 25 cents to end at US$1.45 after an exchange of 139 shares. Proven Investments ended at 10 US cents with investors trading 21,445 stock units, Sygnus Credit Investments lost 0.69 of a cent to finish at 6.31 US cents with 120,481 shares crossing the exchange and Transjamaican Highway rallied 0.27 of one cent to close at 2.6 US cents with investors trading 266,945 stocks.
In the preference segment, JMMB Group US8.5% preference share sank 0.5 of one cent to US$1.03 with 16 units clearing the market and Sygnus Credit Investments US 8% remained at US$8.55 in an exchange of 4 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.