Trading jumps on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded rising 34 percent with a 199 percent greater value than on Wednesday, resulting in exchange of nine securities, the same as Wednesday, with prices of three rising, two declining and four ending unchanged.

The market closed with an exchange of 200,050 shares for US$36,385 compared with 149,669 stocks at US$12,181 on Wednesday.
Trading averaged 22,228 shares at US$4,043 up from 16,630 stocks at US$1,353 on Wednesday. Trading for the month to date averages 16,315 units at US$1,681 above the 14,652 stocks at US$1,017 on the prior day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index advanced 6.16 points to finish at 241.51. 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 7.4. 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, Margaritaville remained at 8.99 US cents in an exchange of just one share, MPC Caribbean Clean Energy increased 7.96 cents to end at 60.97 US cents, with 32 units changing hands, Proven Investments climbed 1.19 cents in closing at 14 US cents after closing with an exchange of 26,971 shares. Sterling Investments ended at 1.7 US cents with 507 stocks crossing the market, Sygnus Real Estate Finance USD share ended at 5 US cents after an exchange of 26,213 shares and Transjamaican popped 0.21 of one cent and ended at 2.32 US cents with a transfer of 133,199 units.     

In the preference segment, JMMB Group US8.5% preference share remained at US$1.09 with 10,000 stocks crossing the exchange, JMMB Group 5.75% dropped 17.99 cents and ended at US$1.80 trading 1,687 stock units and Sygnus Credit Investments E8.5% shed 21 cents to close at US$10, with 1,440 shares crossing the market.

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

Declining stocks descend on JSE USD Market

Falling stocks descended on the Jamaica Stock Exchange US dollar market in droves following an exchange of nine securities, up from eight on Tuesday with prices of two rising, six declining and one ending unchanged on Wednesday, resulting from a 201 percent rise in the volume of stocks traded values 25 percent more than on Tuesday. 

The market closed with an exchange of 149,669 shares for US$12,181 compared to 49,694 stocks at US$9,736 on Tuesday. Trading ended with an  average of 16,630 shares at US$1,353 compared with 6,212 stocks at US$1,217 on Tuesday, with a month to date average of 14,652 units at US$1,017 compared with 13,878 stocks at US$885 on the previous day and October that ended with an average of 426,617 shares for US$11,189.

The US Denominated Equities Index fell 1.81 points to 235.34. The Investor’s Choice bid-offer indicator shows two 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 of trading, First Rock Real Estate USD share dipped 0.02 of a cent to close at 3.97 US cents in the trading of 554 stock units, Margaritaville slipped 0.01 of one cent to 8.99 US cents after an exchange of 354 shares, Proven Investments fell 0.19 of one cent in closing at 12.81 US cents with investors trading 1,024 units. Sygnus Credit Investments ended at 7 US cents after an exchange of 1,350 stocks, Sygnus Real Estate Finance USD share edged 0.09 of one cent lower to 5 US cents with investors trading 20,572 units and Transjamaican Highway declined 0.09 of a cent to end at 2.11 US cents after closing with 118,747 stock units changing hands. In the preference segment, JMMB Group US8.5% preference share shed 10 cents in closing at US$1.09 as investors exchanged 7,000 shares, Sygnus Credit Investments US 8% increased 77 cents to US$10 in switching ownership of 50 stock units and Sygnus Credit Investments E8.5% climbed 21 cents to close at US$10.21 with investors swapping 18 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising stocks push JSE USD Market higher


Rising stocks bettered those declining on the Jamaica Stock Exchange US dollar market on Tuesday, resulting from an exchange of eight securities on both Monday and Tuesday, with prices of five rising, two declining and one ending unchanged with the volume of stocks traded declining 78 percent with a 16 percent greater value than on Monday.

The market closed with an exchange of 49,694 shares for US$9,736 compared to 225,466 stocks at US$8,422 on Monday.
Trading averaged 6,212 shares at US$1,217 compared to 28,183 stocks at US$1,053 on Monday, with a month to date average of 13,878 units at US$885 compared with 17,966 stocks at US$708 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 2.57 points to 237.15. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three 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, Margaritaville popped 0.01 of a cent in closing at 9 US cents with a transfer of 4,099 stocks, Proven Investments advanced 0.29 of one cent to 13 US cents with 10,515 units changing hands, Sterling Investments rose 0.12 of a cent and ended at 1.7 US cents after 5,000 shares passed through the market. Sygnus Credit Investments remained at 7 US cents in an exchange of 6,210 stock units, Sygnus Real Estate Finance USD share gained 0.19 of one cent to end at 5.09 US cents with 401 shares clearing the market and Transjamaican Highway rallied 0.12 of one cent to finish at 2.2 US cents with traders dealing in 19,216 units.

In the preference segment, JMMB Group US8.5% preference share slipped 1 cent to US$1.19 after an exchange of 4,003 stocks and Sygnus Credit Investments US 8% sank US$1.07 to end at US$9.23 with investors trading 250 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading rises on JSE USD Market


Trading climbed on the Jamaica Stock Exchange US dollar market on Monday, with a 412 percent jump in the volume of stocks traded with a 284 percent greater value than on Friday, resulting in an exchange of eight securities, compared with seven on Friday with prices of four rising and four declining.

The market closed with an exchange of 225,466 shares for US$8,422 up from just 44,023 stocks at US$2,193 on Friday.
Trading averaged 28,183 shares at US$1,053 compared to 6,289 stocks at US$313 on Friday, with a month to date average of 17,966 units at US$708 compared with October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index dipped 1.67 points to end at 234.57. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
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 advanced 0.01 of a cent in closing at 3.99 US cents as investors exchanged 5,000 units, Proven Investments rose 0.01 of one cent to 12.71 US cents in trading 79 stocks, Sterling Investments sank 0.02 of a cent to end at 1.58 US cents in an exchange of 96,314 shares. Sygnus Credit Investments climbed 0.44 of one cent to close at 7 US cents with 19,600 stock units changing hands, Sygnus Real Estate Finance USD share dipped 0.1 of one cent to finish at a 52 weeks’ low of 4.9 US cents with an exchange of 1,060 shares and Transjamaican Highway lost 0.02 of one cent and ended at 2.08 US cents after 100,927 units passed through the market.

In the preference segment, JMMB Group US8.5% preference share increased 11 cents to US$1.20 in an exchange of 2,477 stocks and Sygnus Credit Investments E8.5% declined 90 cents to end at US$10 with investors trading 9 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading plunges on JSE USD Market

Trading ended on the Jamaica Stock Exchange US dollar market on Friday, with a sharp 92 percent fall in the volume of stocks traded declining with a 84 percent lower value than on Thursday, resulting in exchange of seven securities, compared with six on Thursday with prices of two rising, three declining and two ending unchanged.

The market closed with an exchange of 44,023 shares for US$2,193 down from 555,546 stocks at US$14,136 on Thursday.
Trading averaged 6,289 shares at US$313 compared to 92,591 stocks at US$2,356 on Thursday and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index popped 0.07 points to end at 236.23. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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, Margaritaville ended at 8.99 US cents in an exchange of 1,000 stock units, MPC Caribbean Clean Energy slipped 17.98 cents to finish at a 52 weeks’ low of 53.01 US cents after 10 shares passed through the market, Proven Investments increased 1.2 cents and ended at 12.7 US cents as investors exchanged 613 units. Sterling Investments popped 0.18 of one cent to close at 1.6 US cents after a transfer of 250 stocks, Sygnus Credit Investments sank 0.34 of a cent to end at 6.56 US cents with investors trading 19,461 shares, Sygnus Real Estate Finance USD share remained at 5 US cents with 8,664 stocks changing hands and Transjamaican Highway skidded 0.16 of a cent to 2.1 US cents after an exchange of 14,025 units.

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

5% jump for JSE USD Market


Stocks gained 5 percent in value on the Jamaica Stock Exchange US dollar market on Thursday, in closing out October positively and pushing the market into a 2.2 percent rise for the year to date, with trading resulting a 145 percent rise in the volume of stocks traded accompanied by a 31 percent jump in value compared to Wednesday, following an exchange of six securities, compared with seven on Wednesday with prices of four rising, one declining and one ending unchanged.

The market closed with an exchange of 555,546 shares for US$14,136 up from 227,093 stocks at US$10,758 on Wednesday.
Trading averaged 92,591 shares at US$2,356 compared to 32,442 stocks at US$1,537 on Wednesday, with a month to date average of 426,617 units at US$11,189 compared with 441,916 shares at US$11,594 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index climbed 11.11 points to end the day at 236.18. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and four with lower offers.
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 of trading, AS Bryden rallied 1 cent to close at 25 US cents with traders dealing in 2,712 stocks, Margaritaville rose 0.99 of one cent to 8.99 US cents one unit changing hands, Proven Investments sank 0.5 of one cent to end at 11.5 US cents with a transfer of 12,368 shares. Sygnus Credit Investments advanced 0.4 of a cent in closing at 6.9 US cents with 319 stock units crossing the market, Sygnus Real Estate Finance USD share ended at 5 US cents with an exchange of 4,000 shares and Transjamaican Highway popped 0.23 of one cent to finish at 2.26 US cents after trading of 536,146 stocks.
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 Wednesday, with the volume of stocks traded rising 53 percent with a 96 percent greater value than on Tuesday, resulting in the exchange of seven securities, up from six on Tuesday with prices of two rising, three declining and two ending unchanged. 

The market closed with an exchange of 227,093 shares for US$10,758 compared with 148,501 stocks at US$5,489 on Tuesday. Trading averaged 32,442 shares at US$1,537 compared to 24,750 stocks at US$915 on Tuesday, with a month to date average of 441,916 units at US$11,594 less than 465,032 stocks at US$12,161 on the prior day and September with an average of 161,382 stock units at US$5,462. The US Denominated Equities Index sank 2.42 points to settle at 225.07. 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 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 rose 0.84 of a cent to end at 3.98 US cents in trading just 3 stock units, Margaritaville sank 2 cents in closing at 8 US cents after 452 shares passed through the market, Proven Investments ended at 12 US cents as investors exchanged 60,640 stock units. Sterling Investments skidded 0.07 of one cent to close at 1.42 US cents in switching ownership of 1,000 units, Sygnus Credit Investments rallied 0.3 of a cent and ended at 6.5 US cents after the trading of 7,595 shares, Sygnus Real Estate Finance USD share remained at 5 US cents with a transfer of 5,500 units and Transjamaican Highway fell 0.11 of one cent to 2.03 US cents with 151,903 stocks crossing the market.

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

Iron Rock up 31%, NCB Group claims all JSE ICTOP10 status


Jamaica’s top financial corporation, NCB Group is now in the All JSE ICTOP10 with another financial institution, Key Insurance falling out, in a week that saw the number one stock in the market, NCB’s subsidiary dropping on Friday to an intraday 52 weeks’ low of $270 as it also fell to a new 52 weeks’ low in Trinidad, with a PE of a mere 3.4 curent year’s earnings, providing a huge upside move when investors pounce eventually.

The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exact than the Junior and Main Market TOP10 lists.

The markets had mixed fortunes during the week, with the Jamaica Stock Exchange Main Market index posting losses of 3,931 points, the All Jamaica Composite Index declined 2,476 points and the Junior Market slipped a mere 2.53 points. The moves resulted in prices of 6 stocks rising and 3 declining in the Main Market TOP10 while the Junior Market TOP10 had just 3 stocks rising and 5 declining.

ICTOP 10 Main Market listed Jamaica Broilers gained 7 percent for the week and dropped out of the TOP 10 with more room to run. The stock is in the news with several staff and directors buying. Historically, insider buying tends to be a very good indictor of price gains ahead for this stock but there is still selling in the $38 region with solid buying not currently visible in the order book.

Guardian Holdings continues to hold on to the number one buy position in all markets while Caribbean Assurance Brokers took over the Junior Market top spot from Elite Diagnostic.

In the Junior Market ICTOP10, Iron Rock Insurance rose an impressive 31 percent to close at a 52 weeks’ high of $4.80 and moved out of the TOP10. AMG Packaging gained 10 percent to $3.13 and tTech climbed 9 percent to $2.30. Caribbean Assurance Brokers fell 15 percent to $3.06,with very limited buying interest currently, Caribbean Cream shed 8 percent to close the week at an even more enticing price than last weeks’ $3.45 to end at $3.17 and Elite Diagnostic lost 4 percent to close at $2.30.

In the Main Market ICTOP10, Key Insurance recovered from last week’s 27 percent drop, to close at $2.53 for a 20 percent rise, General Accident dropped 13 percent last week and rose 18 percent this week, to end at $6.78, Jamaica Broilers rose 7 percent to $37.98, JMMB Group popped 5 percent to $22.78 and Berger Paints fell 5 percent to $8.

Iron Rock fell out of the Junior Market IC TOP10 and is replaced by Access Financial and Lasco Distributors returns to the JSE Main Market ICTOP 10, replacing Jamaica Broilers.

The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 14 and the Junior Market TOP10 sits at 6.6, just more than half of the market, with an average of 12.
The Main Market ICTOP10 is projected to gain an average of 294 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 215 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 108, with an average of 28 and 20 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 10 stocks, 21 percent of the market, with PEs ranging from 15 to 23 and a PE of 15 for half of the market with the highest values.
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.

Big gains & losses for ICTOP10 stocks

The markets were relatively stable during the week, the Jamaica Stock Exchange Main Market index posted losses of just 730 points, the All Jamaica Composite Index declined by 489 points and the Junior Market declined by 37 points or one percent, resulting in prices of 6 stocks falling in the Main Market TOP10 while the Junior Market TOP10 had a better week than the Main Market, with 5 stocks rising and 4 declining.

Guardian Holdings continues to hold on to the number one buy position in all markets and Elite Diagnostic the best in the Junior Market.

In the Junior Market ICTOP10, tTech recovered last week’s heavy loss by climbing 20 percent to $2,11, Caribbean Cream popped 9 percent to close the week at an enticing $3.45. Iron Rock Insurance rose 8 percent to $3.66 and AMG Packaging gained 4 percent to $2.85. One Great Studio and Lumber Depot fell by 4 percent to 70 cents and $2.78 respectively.

In the Main Market ICTOP10, Pulse Investments jumped 14 percent to $1.71and Berger Paints rose 5 percent to $8.44. Key Insurance dumped 27 percent of its value to end at $2.10, followed by General Accident dropping 13 percent to $5.75and VM Investments fell 5 percent to $2.60.

Image Plus fell out of the Junior Market IC TOP10 and was replaced by Express Catering. No stock moved in or out of the JSE Main Market ICTOP 10 this week.

Caribbean Cream dropped out of the All JSE TOP10 list but still remains in the Junior Market TOP10, following release of its six month results that showed a major improvement in profit over the similar period in 2023. The results fell below ICInsider.com projections, accordingly, the latest forecast is for 45 cents per share for the year.

The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exact than the Junior and Main Market TOP10 lists.

The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 14 and the Junior Market TOP10 sits at 6.5, just more than half of the market, with an average of 12.
The Main Market ICTOP10 is projected to gain an average of 307 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 214 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 108, with an average of 28 and 20 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 11 stocks, 23 percent of the market, with PEs ranging from 15 to 23 and a PE of 15 for half of the market with the highest values.
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 climbs on JSE USD Market


The Jamaica Stock Exchange US dollar market closed Tuesday, with the volume of stocks traded jumping 277 percent with a 55 percent more value than on Monday, resulting in the exchange of nine securities, up from seven on Monday with prices of one rising, four declining and four ending unchanged.
The market closed with an exchange of 459,083 shares for US$13,033 up sharply from 121,661 units at US$8,414 on Monday.
Trading averaged 51,009 shares at US$1,448 up from 17,380 stocks at US$1,202 on Monday, with a month to date average of 59,981 units at US$3,158 in contrast with 61,305 shares at US$3,410 on the previous day and September that ended with an average of 161,382 stock units for US$5,462.
The US Denominated Equities Index slipped 0.04 points to 222.24, Investor’s Choice bid-offer indicator shows no ending with a bid higher than the last selling price and none 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 popped 0.5 of a cent and ended at 3.8 US cents in trading 1,020 stock units, Margaritaville ended at 10 US cents after an exchange of 41 shares, Proven Investments remained at 10 US cents and closed after an exchange of 20,098 stocks. Sterling Investments lost 0.01 of one cent after closing at 1.49 US cents with traders dealing in 27,613 units, Sygnus Credit Investments declined 0.28 of a cent to end at 7 US cents in an exchange of 9,026 stocks and Transjamaican Highway ended at 2.05 US cents trading 399,754 units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.09 after 1,404 shares passed through the market, JMMB Group 5.5% shed 0.01 of a cent in closing at US$2.0499 with investors swapping 5 stock units and JMMB Group 5.75% sank 29.7 cents and ended at US$1.683 after an exchange of 122 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.