JSE USD market up ahead of month end


The Jamaica Stock Exchange US dollar market closed on Wednesday, with a rise in the market index following a drop in the volume of stocks traded with 95 percent more value than on Tuesday, with the market closing with nine securities trading on Wednesday similar to Tuesday and ending with prices of three rising, three declining and three ending unchanged.

The market closed with an exchange of 1,404,682 shares for US$104,481 compared to 1,575,237 stocks at US$53,490 on Tuesday.
Trading averaged 156,076 shares at US$11,609 compared to 175,026 stocks at US$5,943 on Tuesday, with a month to date average of 205,232 units at US$10,054 compared with 208,221 stocks at US$9,959 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index increased by 4.66 points to 252.14, up 9.1 percent for the year to date. The Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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 market activity, First Rock Real Estate USD share sank 0.03 of one cent to finish at a 52 weeks’ low of 2.5 US cents and closed with 498,021 stocks changing hands, Margaritaville remained at 8 US cents with 138 units crossing the exchange, Proven Investments advanced 0.1 of one cent to 11.1 US cents with a transfer of 749,741 shares. Sterling Investments dropped 0.07 of a cent in closing at 1.48 US cents with 10 stock units clearing the market, Sygnus Credit Investments ended at 7 US cents after an exchange of 2,143 shares, Sygnus Real Estate Finance USD share popped 0.72 of one cent to close at 5.09 US cents with just 4 units crossing the market and Transjamaican Highway fell 0.03 of a cent to 2.96 US cents after an exchange of 154,155 stocks.

In the preference segment, Productive Business Solutions 9.25% preference share rallied 30 cents and ended at US$10.30 with 300 stock units crossing the market and Sygnus Credit Investments E8.5% remained at US$10 after investors exchanged 170 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on JSE USD Market


The Jamaica Stock Exchange US dollar market closed, with the volume of stocks traded declining 13 percent with a 53 percent lower value on Monday than on Friday, resulting from an exchange of 10 securities, up from seven on Friday with prices of four rising, three declining and three ending unchanged.

The market closed with an exchange of 585,154 shares for US$33,029 with a fall from 669,330 stocks at US$70,066 on Friday.
Trading averaged 58,515 shares at US$3,303 compared to 95,619 stocks at US$10,009 on Friday, with a month to date average of 210,370 units at US$10,219 compared with 222,142 stocks at US$10,756 on the previous day and October with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 5.07 points to conclude trading at 240.73. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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, First Rock Real Estate USD share fell 0.46 of one cent and ended at a 52 weeks’ low of 2.53 US cents with investors dealing in 334 stocks, Margaritaville shed 0.44 of one cent to end at 8.01 US cents in an exchange of 2,089 units, Proven Investments rallied 1 cent to finish at 11 US cents after the trading of 3,722 shares. Sterling Investments increased 0.15 of a cent to end at 1.55 US cents in an exchange of 3,860 stock units, Sygnus Credit Investments ended at 7 US cents with 104,710 shares crossing the market and Transjamaican Highway popped 0.01 of one cent to close at 2.71 US cents with a transfer of 468,453 units.

In the preference segment, JMMB Group 5.75% remained at US$1.80 after 763 stocks passed through the market, Productive Business Solutions 9.25% preference share dropped US$1 and ended at US$9 with investors trading 775 stock units, Sygnus Credit Investments US 8% climbed 16 cents to close at US$10.36 with a mere 1 share clearing the market and Sygnus Credit Investments E8.5% remained at US$10 in trading 447 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Steady market ends with mixed ICTOP10 performance


The two primary markets of the Jamaica Stock Exchange closed slightly down for a second week, with the All Jamaica Composite declining 2,670 points or 0.74 percent, the JSE Main Index falling 1,515 points with a 0.48 percent decline and the Junior Market Index slipping 27 points or 0.74 percent with investors pushing a few stocks to record highs, including Transjamaican Highway hitting a new record high during the week.

Against the above developments, two stocks gained and 7 fell in the Junior Market TOP10, in the Main Market TOP10 5 stocks gained and 3 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange, with JMMB Group in the number 2 spot for the Main Market. This list is more exact than the Junior and Main Market TOP10, a total of 20 stocks. Elite Diagnostics now holds the number one spot in the Junior Market followed by Caribbean Cream which has been in the news recently, with plans for increased efficiency following the company’s recent annual general meeting.
In the Junior Market ICTOP10, no stock gained more than 2 percent. but Elite Diagnostic shed 12 percent to close at $1.85, Express Catering fell 10 percent to $3.14 and Jamaican Teas dipped 4 percent to $2.08.
In market activity, Main Market ICTOP10, Berger Paints jumped 22 percent to $8.55, Margaritaville rallied 17 percent to $14.79 and Key Insurance gained 8 percent to end at $2.44. Declining stocks include Pulse Investments down 9 percent to $1.30 and JMMB Group slipping 6 percent to $21.60.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.1 and the Junior Market TOP10 sits at 7.4, more than half of the market, with an average of 12.8.
The Main Market ICTOP10 is projected to gain an average of 304 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 190 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 103, with an average of 27 and 20 excluding the highest PE ratios, and a PE of 22 for the top half of the market with the highest values and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, 23 percent of the market, with PEs ranging from 15 to 29 with an average of 21 and a PE of 17 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always the case. ICInsider.com ranks stocks based on the 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.

USD market jumps sharply  


The Jamaica Stock Exchange US dollar market closed sharply higher on Tuesday, following an exchange of eight securities, down from 10 on Monday with prices of three rising, three declining and two ending unchanged, resulting in the US Denominated Equities Index surging 22.41 points to conclude trading at 248.79 and lift the year to date gains to 8 percent, following a 98 percent drop in the volume of stocks traded, with a 97 percent lower value than on Monday.

The market closed with an exchange of 123,521 shares for US$14,086 compared to 4,993,262 stock units at US$460,060 on Monday. Trading averaged 15,440 shares at US$1,761 compared to 499,326 stocks at US$46,006 on Monday, with a month to date average of 98,650 units at US$7,898 compared with 105,442 stocks at US$8,399 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and just one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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, First Rock Real Estate USD share slipped 0.01 of one cent and ended at 3 US cents with an exchange of 44,272 stock units, MPC Caribbean Clean Energy remained at 54 US cents with 50 shares crossing the market, Productive Business Solutions gained 31 cents to finish at US$1.77 with investors trading just 6 units. Proven Investments ended at 11.1 US cents with 398 stocks changing hands, Sygnus Credit Investments rose 0.03 of a cent to close at 7 US cents with traders dealing in 27,203 stock units and Transjamaican Highway advanced 0.33 of a cent to end at a 52 weeks’ high of 2.88 US cents as 50,557 stocks passed  through the exchange.

In the preference segment, Productive Business Solutions 9.25% preference share fell US$1.50 to end at a 52 weeks’ low of US$9, with investors dealing in 700 shares and Sygnus Credit Investments US 8% declined 16 cents to US$10.20 with 335 stock units trading hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big bounce for the JSE US$ market

Trading surged at the close of the Jamaica Stock Exchange US dollar market with the volumes of stocks trading on Monday surging 910 percent with a 1,812 percent greater value than Friday, following an exchange of 10 securities, up from six on Friday with prices of four rising, four declining and two ending unchanged.

The market closed with an exchange of 4,993,262 shares costing US$460,060 compared with 494,374 stock units at US$24,068 on Friday.
Trading averaged 499,326 shares at US$46,006 up from 82,396 stocks at US$4,011 on Friday. Trading for the month to date average 105,442 units at US$8,399 compared with 60,683 stocks at US$4,126 on the previous day and October with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 3.32 points to close at 227.32. The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and just one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 market activity, Margaritaville sank 0.54 of one cent to close at 8.45 US cents in an exchange of 42 stocks, Productive Business Solutions ended at US$1.46 and closed with 44 units changing hands, Proven Investments remained at 11.1 US cents with 4,406,357 shares switching owners. Sterling Investments shed 0.15 of one cent and ended at 1.4 US cents as investors exchanged 6,878 stock units, Sygnus Credit Investments lost 0.01 of one cent to end at 6.97 US cents with a transfer of 5,000 shares, Sygnus Real Estate Finance USD share advanced 0.01 of a cent in closing at 5 US cents with 52,355 stocks crossing the exchange and Transjamaican Highway rose 0.15 of a cent to 2.55 US cents with investors dealing in 522,091 units.

In the preference segment, JMMB Group 5.75% gained 12 cents to US$2.10 in an exchange of 226 stock units, Productive Business Solutions 9.25% preference share popped US$1 to end at US$10.50 but only after hitting a 52 weeks’ intraday low of $9 with investors trading 266 shares and Sygnus Credit Investments E8.5% dipped 90 cents to close at US$10 with an exchange of a mere 3 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Q3 results shake up ICTOP10


  1. Earnings season ends for most Jamaica Stock Exchange listed companies with a sleuth of results posted in the past week. With the Bank of Jamaica’s monetary policy squeezing the economy and hurricane disruptions added, most listed companies’ results reflect the battering inflicted by these developments. The end result, stock prices were mostly muted, with a few exceptions.

Some bright spots last week are, Transjamaican trading at a record high over $4, Scotia Group traded at 52 weeks’ high just shy of $49 and Sygnus Credit Investments at a 52 weeks’ high of $13.40, at the same time, the Jamaica Stock Exchange reported healthy third quarter results.
The two primary markets closed slightly down for the week, with the All Jamaica Composite declining 2,660 points or 0.7 percent, the JSE Main Index falling 4,228 points or 1.3 percent and the Junior Market Indices slipping 96 points or 2.6 percent.
Against the above developments, four stocks gained and 5 fell in the Junior Market TOP10, in the Main Market TOP10 only three stocks gained and 5 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange. This list is more exact than the Junior and Main Market TOP10 listing 20 stocks. Caribbean Cream now holds the number one spot in the Junior Market followed by Elite Diagnostics.
In the Junior Market ICTOP10, tTech ran up 17 percent to close at $2.50, following the additional 20 percent of the company’s shares acquired by Simply Secure taking their ownership to 69.1 percent, effectively triggering a mandatory takeover offer. Express Catering ran up a 9 percent rally to $3.50 and Caribbean Cream gained 6 percent to close at $3.35. Iron Rock Insurance fell 8 percent to $4.05 and Elite Diagnostic shed 5 percent to close at $2.10.
In the Main Market ICTOP10, the only winning stock of note is 138 Student Living, with a 6 percent rise to $4.32. Berger Paints dropped 17 percent to $7, with Guardian Holdings falling 6 percent to $297.20.
Following third quarter results, tTech, One Great Studio and Caribbean Assurance Brokers fell out of the Junior Market IC TOP10. The three were replaced by Jamaican Teas, Caribbean Flavours and the intra-island passenger carrie, Knutsford Express. Margaritaville entered the JSE Main Market ICTOP 10, replacing Jamaica Broilers. tTech and Caribbean Assurance Brokers dropped out of the All JSE TOP10 and were replaced by Margaritaville and AMG Packaging.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.1 and the Junior Market TOP10 sits at 6.7, just more than half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 314 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 179 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 103, with an average of 28 and 21 excluding the highest PE ratios, and a PE of 23 for the top half of the market with the highest values and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 27 percent of the market, with PEs ranging from 15 to 32 with an average of 21 and a PE of 17 for half of the market with the highest PEs.
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 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.

Trading on JSE USD market drops back

Trading plunged on the Jamaica Stock Exchange US dollar market on Thursday, with a 92 percent drop in the volume of stocks traded having a 93 percent lower value than on Wednesday, resulting from an exchange of 10 securities, compared with nine on Wednesday and ended with prices of four rising, five declining and one ending unchanged.

A mere 283,206 shares were traded when the market closed for US$16,423 compared to 3,730,741 stock units for US$237,829 on Wednesday. Trading averaged 28,321 shares at US$1,642 compared to 414,527 stocks at US$26,425 on Wednesday, with a month to date average of 59,094 units at US$4,134 compared with 63,368 stocks at US$4,480 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 1.69 points to cease trading at 222.72. 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 used to determine appropriate stock values, averages 6.7. 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, First Rock Real Estate USD share fell 0.06 of a cent to 3.01 US cents with investors trading 3,377 units, MPC Caribbean Clean Energy sank 5.01 cents to close at a 52 weeks’ low of 48 US cents after an exchange of 70 stocks, Proven Investments declined 0.03 of one cent to 11.1 US cents with 93,006 shares crossing the market.  Sterling Investments lost 0.15 of one cent to end at 1.55 US cents after a transfer of 11,245 stock units, Sygnus Credit Investments rose 0.46 of a cent and ended at 6.98 US cents as 2,000 shares crossed the market, Sygnus Real Estate Finance USD share gained 0.99 of a cent to finish at at a 52 weeks’ low of 4.99 US cents after an exchange of 37,117 stock units and Transjamaican Highway ended at 2.38 US cents with investors swapping 135,905 shares.

In the preference segment, JMMB Group 5.5% skidded 14.99 cents to US$1.90 with 236 stock switching owners, JMMB Group 5.75% popped 18 cents to close at US$1.98 with investors dealing in 249 shares and Sygnus Credit Investments US 8% increased 96 cents to US$10.36 with a mere one unit changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.


 

Huge surge in trading on JSE USD market


Stocks delivered a huge surge value and volume on Wednesday at the close of the Jamaica Stock Exchange USD market, with the volume rocketing 3,900 percent higher than Tuesday, with the value ballooning 5,159 percent, resulting from trading in nine securities, up from eight on Tuesday, with prices of five rising and four declining.

The market closed with an exchange of 3,730,741 shares for US$237,829 compared to 93,280 stocks at US$4,522 on Tuesday.
Trading averaged 414,527 shares at US$26,425 compared to 11,660 stocks at US$565 on Tuesday, with a month to date average of 63,368 units at US$4,480 compared with 13,202 shares at US$1,345 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 19.87 points to finish at 223.47. The Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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, AS Bryden shed 4.7 cents to close at 20.3 US cents after an exchange of just one share, Margaritaville increased 0.98 of a cent to finish at 8.99 US cents after closing with an exchange of 149 units, MPC Caribbean Clean Energy sank 14.06 cents and ended at 53.01 US cents with a transfer of 292 shares. Proven Investments skidded 2.76 cents to end at 11.13 US cents with 29,524 stocks crossing the market, Sterling Investments climbed 0.05 of a cent to close at 1.7 US cents with a transfer of a 100 shares, Sygnus Credit Investments popped 0.01 of a cent to close at 6.52 US cents with 3,503,734 units crossing the market. Sygnus Real Estate Finance USD share fell 1 cent to a 52 weeks’ low of 4 US cents with investors trading 2,030 stocks and Transjamaican Highway rallied 0.03 of a cent to close at 2.38 US cents 94,798 stock units crossed the exchange.

In the preference segment, Sygnus Credit Investments E8.5% rose US$1 and ended at US$11 with investors swapping 113 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading gains for JSE USD market


The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded rising 290 percent with a 36 percent greater value than on Monday, resulting in exchange of eight securities, compared with 10 on Monday with prices of one rising, four declining and three ending unchanged.

The market closed with an exchange of 93,280 shares for US$4,522 up sharply from 23,932 stocks at US$3,328 on Monday. Trading averaged 11,660 shares at US$565 in contrast with 2,393 stocks at US$333 on Monday, with a month to date average of 13,202 units at US$1,345 compared with 13,427 stock units at US$1,458 on the previous day and October that ended with an average of 426,617 units for US$11,189.

The US Denominated Equities Index gained 4.44 points to end the day at 243.34. 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 used to determine appropriate stock values, averages 7.1. 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 trading, First Rock Real Estate USD share lost 0.43 of one cent and ended at 3.07 US cents in an exchange of 20,000 stocks, Margaritaville sank 0.98 of a cent to 8.01 US cents with investors trading 8 units, MPC Caribbean Clean Energy gained 6.1 cents to close at 67.07 US cents after an exchange of 736 shares. Proven Investments declined 0.06 of one cent to finish at 13.89 US cents with 400 units traded, Sygnus Credit Investments sank 0.49 of one cent to end at 6.51 US cents after a transfer of 27,698 shares, Sygnus Real Estate Finance USD share ended at 5 US cents after 16,750 stock units crossed the exchange with the price trading at a 52 weeks’ intraday low of 0.45 cents and Transjamaican Highway ended at 2.35 US cents with investors swapping 27,677 units. 

In the preference segment, Sygnus Credit Investments E8.5% remained at US$10 after an exchange of 11 stock units.

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

Trading plunged on the JSE US dollar market


Trading plunged on the Jamaica Stock Exchange US dollar market on Monday, with a 48 percent drop in the volume of stocks traded and having a 58 percent lower value than on Friday, following an exchange of 10 securities, up from only four on Friday and ending with no stock gaining, five declining and five ending unchanged.

The market closed with an exchange of 23,932 shares for US$3,328 compared to 45,633 stocks at US$7,963 on Friday.
Trading averaged 2,393 shares at US$333 compared to 11,408 stocks at US$1,991 on Friday, with a month to date average of 13,427 units at US$1,458 compared with 15,879 stocks at US$1,708 on the previous trading day an October that ended with an average of 426,617 shares for US$11,189.
The US Denominated Equities Index sank 7.54 points to wrap up trading at 238.90. 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 used to determine appropriate stock values, averages 7.2. 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, First Rock Real Estate USD share sank 0.47 of one cent to close at 3.5 US cents after an exchange of 2,435 stocks, Margaritaville remained at 8.99 US cents, with 9 units clearing the market, Proven Investments dipped 0.85 of a cent to finish at 13.95 US cents with 11,716 shares switching owners. Sterling Investments sank 0.05 of a cent and ended at 1.65 US cents with 1,184 stock units crossing the market, Sygnus Credit Investments ended at 7 US cents with 200 shares changing hands, Sygnus Real Estate Finance USD share ended at 5 US cents with 2,778 stocks being traded and Transjamaican Highway shed 0.03 of one cent to 2.35 US cents with investors trading 5,068 units.                                                  In the preference segment, JMMB Group 5.75% remained at US$1.80, with 454 stock units crossing the exchange, Sygnus Credit Investments US 8% fell 60 cents to finish at US$9.40 with 80 shares changing hands and Sygnus Credit Investments E8.5% ended at US$10 with investors swapping 8 units.

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