The Jamaica Stock Exchange recorded gains in all three markets on Tuesday in trading on Monday as trading ended with a decline in the number exchanged, with the value traded rising over that on Monday
At the close of trading, the JSE Combined Market Index popped 178.57 points to 335,378.11, the All Jamaican Composite Index gained 2,400.43 points to wrap-up trading at 359,385.57, the JSE Main Index rose 1,467.74 points to finish at 322,832.91. The Junior Market Index rallied 11.23 points to finish at 3,723.72 and the JSE USD Market Index increased 5.74 points to end at 243.50.
At the close of trading, 19,941,630 shares were exchanged in all three markets, down from 25,106,007 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $83.9 million, up from $52.25 million on Tuesday and the JSE USD market closed with an exchange of 508,298 shares for US$11,596 compared to 501,713 units at US$12,814 on Monday.
Main Market trading was dominated by Transjamaican Highway with 4.42 million shares followed by Wigton Windfarm with 706,792 units and Sagicor Real Estate Fund with 402,277 units.
In the Junior Market, Fosrich led trading with 2.86 million shares followed by MFS Capital Partners with 2.06 million units, One Great Studio closed with 1.24 million units, iCreate ended with 1.14 million stocks, Tropical Battery with 1.12 million shares and EduFocal with 1.02 million units.
At the close of the market, some of the major Main Market stocks that rose are First Rock Real Estate climbed $1 to $8, Scotia Group advanced $2.47 to end at $41.50, Mayberry Group rose 86 cents to close at $8.41 and Stanley Motta popped 88 cents in closing at $6.15.
The major declining Main Market stocks include General Accident dipped 65 cents in closing at $4.70, GraceKennedy fell 95 cents to close at $77.05, Jamaica Broilers dropped $1.02 to close trading at $32.50, Margaritaville lost $2.58 to $15, Massy Holdings declined $1 to end at $88.
On a day of limited price movement in the Junior Market, the major stocks with gains are Access Financial climbed $2.17 to close at $22.68, Knutsford Express gained 38 cents to $12.38 and Main Event advanced 60 cents to close at $14.80, with the major losing stocks being AMG Packaging skidded 63 cents to $2.42 and Cargo Handlers that sank 92 cents to end at $13.08.
In the preference segment, 138 Student Living preference share rallied $36.45 and ended at $167.27.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 13.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the 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 decisions when 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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Juniors rise as JSE Main & USD markets drop
The Junior Market was the only market recording gains at the close of trading on Thursday on the Jamaica Stock Exchange, but the JSE USD market slipped with the Main Market falling as trading ended with the number of shares jumping but with a lower value than on Wednesday as trading ended with 32 ordinary shares rising and 35 declining.
At the close of trading on Thursday, the JSE Combined Market Index dropped 991.34 points to 332,385.19, the All Jamaican Composite Index declined 1,252.29 points to 356,120.35, the JSE Main Index dropped 1,306.80 points to 319,222.85. The Junior Market Index added 26.75 points to settle at 3,768.57 and the JSE USD Market Index shed 2.75 points to close at 238.07.
At the close of trading, 24,096,418 shares were exchanged in all three markets, up from 16,686,862 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $52.34 million, up from $145.58 million on Tuesday and the JSE USD market closed after 81,185 shares for US$2,499 compared to 22,109 units at US$25,157 on Wednesday.
Main Market trading was dominated by Wigton Windfarm led trading with 12.69 million shares followed by Transjamaican Highway with 1.12 million units and Radio Jamaica with 849,926 units.
In the Junior Market, Derrimon Trading led trading with 2.19 million shares followed by MFS Capital Partners with 1.30 million units and One Great Studio with 851,349 stocks.
At the close of the market, some of the major rising Main Market stocks are Margaritaville rose $2.58 to $17.58 and Seprod climbed $1 and ended at $84.
the major declining Main Market stocks include AS Bryden fell $3.50 and ended at $36.50, Eppley Caribbean Property Fund sank $2.50 to close at $37.50, Guardian Holdings declined $30 to $360, JMMB Group dipped $1.15 to close at $23.80, Massy Holdings skidded $1.45 to close at $89 and Sagicor Group lost $2.93 in closing at $42.
In the Junior Market, the major rising stocks include Access Financial gaining $3 in closing at $23 and AMG Packaging gaining 40 cents to close at $2.76. Stocks declining in the Junior Market had moderate price changes.
In the preference segment, Productive Business Solutions 10.5 % preference share declined $25 and ended at $1,075.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.5 on 2022-23 earnings and 13.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the 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 decisions when 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 place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Bullishness rises on the JSE as 2022 ages
Trading levels are soaring at the Jamaica Stock Exchange in 2022 with the amount of funds passing through the Main Market for trading jumping 141 percent over 2021 with an exchange of $14.87 billion over the $6.16 billion in the first quarter of 2021, at the same time the Junior Market attracted 184 percent more funds for all three months amounting to $4.6 billion up from just $1.62 billion in 2021.
New listings helped considerably in pushing the value of trading in the Junior Market in March but not significantly in January and February. March benefitting strongly from Spur Tree that was listed in January, accounting for $617 million, JFP Ltd with trading of just $160 million and EduFocal $286 million with the three accounting for $1.06 billion of the $1.84 billion increased trading in March over 2021. Spur Tree in January when it was listed accounted for $208 million and just $186 million in February.
The Main Market benefitted from the listing of Massey Holdings in January but has had a moderate impact on the value of stocks traded, with March showing the largest amount of $1 billion, with just $369 million in February and $150 million in January.
Trading rose 145 percent in January 2022 over 2021 for the Junior Market to hit $979 million and 90 percent in February to $1.19 billion, with March enjoying a big 309 percent rise to $2.4 billion. In the Main Market trading rose 114 percent in January 2022 over 2021 to $2.7 billion, 66 percent in February to $3.64 billion and 215 percent to $8.5 billion in March.
Importantly, in both markets, the increases are reflected in higher value month over month suggesting that investors are getting increasingly more aggressive in trading stocks. The buoyancy in the market will swell revenues and profit in the first quarter for the JSE.