New listing for JSE US dollar market

Productive Business 9.25% preference share was added to the Jamaica Stock Exchange US dollar market this week with the trading on Friday and rising by the close. The volume of stocks traded in the overall market on Friday, climbed 17 percent, with 8 percent less value than on Thursday, resulting in seven securities traded, similar to Thursday and ended with three rising, four declining and none ending unchanged.
Overall, 3,796,627 shares were traded for US$51,064 compared to 3,235,927 units at US$55,292 on Thursday.
Trading averaged 542,375 shares at US$7,295 versus 462,275 units at US$7,899 on Thursday, with a month to date average of 87,926 shares at US$4,746 versus 68,044 units at US$4,634 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 0.66 points to end at 215.55.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share shed 0.08 of a cent to end at 6.82 US cents in swapping 6,367 shares, Proven Investments fell 1 cent to 20 US cents with a transfer of 500 units, Sterling Investments popped 0.02 of a cent to 2.11 US cents after trading 28,086 stock units. Sygnus Credit Investments USD share lost 1.21 cents to close at 9.77 US cents, with 2,000 stocks crossing the exchange and Transjamaican Highway gaining 0.03 of a cent to end at 1.02 US cents after exchanging 3,757,139 units.
In the preference segment, the newly listed Productive Business 9.25% preference share rose US$0.50 to a new high of US$10.50 with investors transferring 894 stock units and JMMB Group 5.75% declined 4 cents to US$1.76 after exchanging 1,641 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

6 days of gains for JSE US dollar market

The Jamaica Stock Exchange US dollar market rose for a sixth consecutive on Thursday, with a 175 percent rise in the volume of stocks exchanged, and a 214 percent rise in value over Wednesday, resulting in the trading of seven securities, compared to eight on Wednesday, with four rising, one declining and two ending unchanged.
Investors traded 3,235,927 shares for US$55,292, sharply up from 174,023 units at US$17,600 on Wednesday.
Trading averaged 462,275 units at US$7,899 from 21,753 shares at US$2,200 on Wednesday, with a month to date average of 68,044 shares at US$4,634 compared to 50,007 units at US$4,485 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index gained 6.54 points to end at 216.21.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share climbed 0.97 of one cent to 6.9 US cents after exchanging 159,937 shares, Productive Business Solutions increased 6.75 cents to US$1.39 after 681 units were traded, Proven Investments rose 2 cents to close at 21 US cents with investors trading 61,193 stocks. Sygnus Credit Investments USD share remained at 10.98 US cents as investors exchanged 10,564 stock units, Sygnus Real Estate Finance USD share dropped 0.01 of a cent to end at 12.37 US cents with the swapping of 3,545 stocks and Transjamaican Highway rallied 0.06 of a cent to end at 0.99 of one US cent after a transfer of 3,000,000 shares.
In the preference segmentEppley 6% preference share ended at US$1.13 after 7 units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sharp jump in trading on the JSE on Thursday

On a day of heavy trading on the Jamaica Stock Exchange, all three markets closed higher, with Barita Investments trading more than 1 million shares for a second consecutive day, with Thursday’s trade accounting for $138 million but JMMB Group 7.25% C share traded 175 million shares for $327 million followed but Productive Business Solutions preference share trading 119.5 units for a consideration of $166.7 million while Fesco led the Junior Market with 5.34 million units for $31 million.
Trading ended, with 207,798,795 shares changing hands, valued at $857.96 million, shares up from $451.73 million, with 49,206,449 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$55,292 from US$17,599 on Wednesday
JSE Combined Index, a measure of the overall market, rallied 1,826.51 points to 372,351.61.
The All Jamaican Composite Index rose 1,658.74 points to 410,071.11, the JSE Main Index popped 1,851.88 points to 357,899.15, the Junior Market Index increased 10.66 points to 4,193.43 and the JSE USD market Index climbed 6.54 points to close 216.21.
The market’s PE ratio ended at 23.9 based on 2021-22 earnings and 12.4 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.

JSE US dollar market gains

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Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged by investors rising 19 percent, with a 36 percent lesser value than on Tuesday, resulting in the trading of eight securities, compared to seven on Tuesday with one rising, two declining and five ending unchanged.
Overall, 174,023 shares were traded for US$17,600 compared to 145,974 units at US$27,536 on Tuesday.
Trading averaged 21,753 units at US$2,200 compared with 20,853 shares at US$3,934 on Tuesday, with a month to date average of 50,007 shares at US$4,485 down from 51,566 units at US$4,611 on the previous day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index gained 0.98 points to end at 209.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share slipped 0.07 of a cent to 5.93 US cents after trading 140,971 shares, Productive Business Solutions ended at US$1.3225 with one stock unit changing hands, Proven Investments remained at 19 US cents, with an exchange of 27,877 units. Sterling Investments dipped 0.01 of a cent to 2.09 US cents, with 70 stocks clearing the market and Sygnus Credit Investments USD share remained at 10.98 US cents with investors transferring 1,650 shares.
In the preference segmentEppley 6% preference share ended at US$1.13 with an exchange of one stock unit, Equityline Mortgage Investment preference share ended at US$1.85 as investors exchanged one share and JMMB Group 6% rallied 4.99 cents to close at US$1.0899, with 3,452 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE USD Market

Trading on the Jamaica Stock Exchange US dollar market ended Tuesday, with the volume of stocks exchanged declining 48 percent with the value up 63 percent on Monday, resulting in seven securities traded, compared to eight on Monday, with three rising, one declining and three ending unchanged.
Overall, 145,974 shares were traded for US$27,536 compared to 278,103 units at US$16,872 on Monday.
Trading averaged 20,853 shares at US$3,934 versus 34,763 units at US$2,109 on Monday, with the month to date averaging 51,566 shares at US$4,611 versus 53,123 units at US$4,645 on the previous day. August ended with an average of 53,206 units at US$7,288.
The JSE US Denominated Equities Index rose 4.81 points to end at 208.69.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share rose 1 cent in closing at 6 US cents after trading 30,925 shares, Margaritaville remained at 14.99 US cents with 12 stocks crossing the exchange, Productive Business Solutions ended at US$1.3225 after just 1 stock unit was traded. Proven Investments dipped 2 cents to end at 19 US cents in switching ownership of 110,453 stock units and Sygnus Credit Investments USD share climbed 0.01 of a cent in ending at 10.98 US cents, with 1,895 shares changing hands.
In the preference segmentJMMB Group 5.75% remained at US$1.50, with one unit clearing the market and JMMB Group 5.75% increased 5 cents to US$1.80 after investors finished exchanging 2,687 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

CAC 2000 ICTOP10 top performer

Junior Market IC TOP10 stocks had some strong gains in the past week and losses that were lower than the gains, but Main Market stocks were more stable, with minor price changes while Lasco Financial in the Junior Market replaced Iron Rock Insurance.

CAC 2000 was the star performer in the Junior Market during the week, jumping 20 percent to $8.30, after dropping 14 percent in the previous week to $6.90. Caribbean Assurance Brokers declined 15 percent last week to $2.30, rebounded 13 percent to $2.60 and Access Financial recovered from a 9 percent decline last week, gaining 12 percent to $22.30. Elite Diagnostic climbed 8 percent to $5.84 last week, but fell 8 percent to $3.31, Lasco Distributors gained 5 percent last week to $3.10 but could not hold on and slipped 8 percent to $2.84 and Caribbean Cream jumped 18 percent last week to $4.70, fell 5 percent to close at $4.47.
In the Main Market Guardian Holdings rose 5 percent to $520, Berger Paints gained 4 percent to percent but Key Insurance fell 7 percent to $3.36 and Sygnus Credit Investments declined 5 percent to $13.08.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8, important indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 245 percent and the Main Market TOP10 s projected to gain an average of 239 percent, to May 2023.
The Junior Market currently sells at an average PE of around 12.8 but already there are 15 stocks or a third of the market, with PEs from 16 to 33, averaging 21. The top half of the market has an average PE of 18. This data shows how much potential gains are in the top 10. The situation in the main market is similar, with the 15 highest valued stocks priced at a PE of 15 to 84, averaging 25 and 21 excluding the highest valued one.
Currently, the Junior Market is slightly negative but is poised to move higher in the weeks ahead but the main market is under negative clouds that could send the market index lower as NCB Financial and other financial companies continue to trade with inadequate support.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 are likely to deliver the best returns up to the end of May 2023 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 and result 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.

No price change in the JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged declining 78 percent and valued 50 percent less than on Monday, resulting in five securities traded, compared to nine on Monday with the prices of all five ending unchanged.
Overall, 48,397 shares were traded for US$6,844 compared to 223,078 units at US$13,623 on Monday.
Trading averaged 9,679 units at US$1,369 versus 24,786 shares at US$1,514 on Monday, with a month to date average of 54,726 shares at US$4,700 down from 56,792 units at US$4,853 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 7.98 points to end at 199.74.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 5 US cents after exchanging 4,089 shares, MPC Caribbean Clean Energy remained at US$1 with just two stock units traded, Productive Business Solutions remained at US$1.3225 after a transfer of 2,002 stock units and Sygnus Credit Investments USD share ended at 10 US cents after exchanging 42,300 units.
In the preference segmentJMMB Group 6% remained at US$1.10 in switching ownership of 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage in JSE USD market

Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining 82 percent and valued 63 percent less than on Friday, resulting from trading in nine securities, the same as on Friday with prices of four rising, three declining and two ending unchanged.
Overall, 223,078 shares were traded for US$13,623 compared to 1,269,887 units at US$37,144 on Friday. Trading averaged 24,786 units at US$1,514, down from 141,099 shares at US$4,127 on Friday, with a month to date average of 56,792 shares at US$4,853 versus 59,673 units at US$5,153 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 5.19 points to end at 207.72.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share increased 0.1 of a cent to close at 5 US cents as investors exchanged 175,180 shares, MPC Caribbean Clean Energy remained at US$1 trading one stock, Productive Business Solutions ended at US$1.3225 in an exchange of 171 units. Proven Investments lost 1.49 cents to end at 20.51 US cents after trading 3,000 stock units, Sterling Investments advanced 0.01 of a cent to 2.1 US cents, with 8,350 stocks crossing the market, Sygnus Credit Investments USD share dipped 1 cent to close at 10 US cents in switching ownership of 33,991 units. Sygnus Real Estate Finance USD share rose 1.72 cents in ending at 12.38 US cents in trading 786 stock units and Transjamaican Highway declined 0.08 of a cent to 0.82 of one US cent with a transfer of 1,593 shares.
In the preference segmentJMMB Group 6% climbed 5 cents to end at US$1.10 after trading 6 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Insurance companies join ICTOP10

Junior Market IC TOP10 stocks experienced a great deal of volatility in the past week but Main Market stocks were very stable, with minor price changes and resulted in two charges to listings with Iron Rock Insurance replacing Lasco Financial in the Junior Market, while Key Insurance in the main market replaced Radio Jamaica.
During the week in the Junior Market, Caribbean Cream jumped 18 percent to $4.70, Elite Diagnostic climbed 8 percent to $5.84, Lasco Financial rose 7 percent to $2.95 and Lasco Distributors gained 5 percent to $3.10. Caribbean Assurance Brokers declined 15 percent to $2.30, CAC 2000 dropped 14 percent to $6.90, Access Financial dipped 9 percent to $20 while General Accident fell 7 percent to $5.05.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.4, while the Junior Market Top 10 PE is at 5.8 versus the market at 12.9, important indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 251 percent and the Main Market TOP10 is projected to gain an average of 238 percent, by May 2023.
The Junior Market currently sells at an average PE around 13 but already there are 15 stocks or a third of the market, with PEs from 16 to 33 averaging 21. The top half of the market has an average PE of 18. This data shows how much potential gains reside in the top 10. The situation in the main market is very similar, with the 15 highest valued stocks priced at a PE of 15 to 84, averaging 25 and 21 excluding the highest valued one.
Currently, the Junior Market is slightly negative but is poised to move higher in the weeks ahead but the main market is under negative clouds that could send the market index lower as NCB Financial and other financial companies continue to trade with inadequate support.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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 are likely to deliver the best returns up to the end of May 2023 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 and result 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.

The JSE USD market jumps Friday

The Jamaica Stock Exchange US dollar market closed on Friday, with the market Index gaining 7.79 points to end at 212.91 after the volume of stocks traded rose 597 percent and the value climbed 139 percent more than on Thursday, resulting in nine securities traded, compared to eight on Thursday, with prices of four rising, two declining and three ending unchanged.
Overall, 1,269,887 shares were traded for US$37,144 compared to 182,299 units at US$15,525 on Thursday.
Trading averaged 141,099 units at US$4,127, up from 22,787 shares at US$1,941 Thursday, with a month to date average of 59,673 units at US$5,153 versus 51,620 at US$5,255 on the previous day. August ended with an average of 53,206 units for US$7,288.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share increased 0.9 of a cent to close at 4.9 US cents, with 5,995 shares changing hands, Productive Business Solutions remained at US$1.3225, with 5,000 stock units crossing the market, Proven Investments ended at 22 US cents, with 49,000 units changing. Sterling Investments ended at 2.09 US cents, with 536 stocks crossing the exchange, Sygnus Credit Investments J$ share climbed 1.79 cents to end at 14.99 US cents after exchanging 150 stocks, Sygnus Credit Investments USD share declined 0.2 of a cent to 11 US cents while exchanging 76,230 units and Transjamaican Highway advanced 0.04 of a cent to 0.9 of none US cent after a transfer of 1,132,310 stock units.
In the preference segmentJMMB Group 5.75% rose 5 cents to close at US$1.80 with investors transferring 446 shares and JMMB Group 6% shed 2 cents to end at US$1.05 in switching ownership of 220 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.