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 segment, JMMB 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.
Gains for JSE USD Market
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 $3.58 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 segment, JMMB 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 segment, JMMB 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 segment, JMMB 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.
Gain for JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged declining 72 percent and valued 17 percent less than on Wednesday, resulting in eight securities trading, compared to 10 on Wednesday with prices of three rising, one declining and four ending unchanged.
Overall, 182,299 shares were traded for US$15,525, down from 653,653 units at US$18,774 on Wednesday.
Trading averaged 22,787 units at US$1,941 compared with 65,365 shares at US$1,877 on Wednesday, with a month to date average of 51,620 shares at US$5,255 versus 54,399 units at US$5,574 on the previous day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index added 1.18 points to end at 205.12.
The PE Ratio, a measure used in computing appropriate stock values, averages 8. 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 higher bid than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents with the swapping of 149,648 shares, MPC Caribbean Clean Energy ended at US$1 in switching ownership of 13 units, 
Productive Business Solutions ended at US$1.3225 in an exchange of two stock units. Proven Investments climbed 1.5 cents to close at 22 US cents after exchanging 15,521 stocks, Sterling Investments remained at 2.09 US cents after just three shares crossed the market, Sygnus Credit Investments J$ share increased 1.2 cents to end at 13.2 US cents with an exchange of 800 stocks and Sygnus Credit Investments USD share declined 1.79 cents to close at 11.2 US cents in exchanging 11,808 stock units.
In the preference segment, JMMB Group 6% rose 2 cents to end at US$1.07 as investors exchanged 4,504 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading upon the JSE USD market
The Jamaica Stock Exchange US dollar market ended trading on Wednesday, with the volume of stocks exchanged rising 114 percent, with 12 percent more value than on Tuesday, resulting in 10 securities traded, compared to eight on Tuesday with three rising, three declining and four ending unchanged.
Overall, 653,653 shares were traded for US$18,774 compared to 304,877 units at US$16,803 on Tuesday.
Trading averaged 65,365 units at US$1,877 versus 38,110 shares at US$2,100 on Tuesday, with month to date average of 54,399 shares at US$5,574 versus 52,896 units at US$6,081 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 1.75 points to end at 203.94.
The PE Ratio, a measure used in computing stock values, averages 8. The PE ratio incorporates 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 ended at 4 US cents with an exchange of 10,542 shares, MPC Caribbean Clean Energy lost 10 cents to end at US$1, closing with 8 stock units changing hands, Productive Business Solutions ended at US$1.3225, with 1,302 units clearing the market. Proven Investments gained 0.15 of a cent after ending at 20.5 US cents, with 15,761 stock units crossing the market, Sterling Investments increased 0.09 of a cent in closing at 2.09 US cents after a transfer of 95 shares, 
Sygnus Credit Investments USD share shed 0.01 of a cent to close at 12.99 US cents as investors exchanged 20,125 stock units. Sygnus Real Estate Finance USD share dipped 1.73 cents in closing at 10.66 US cents after an exchange of 75 units and Transjamaican Highway advanced 0.02of a cent to end at 0.86 of one US cent trading 600,119 stocks.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.85 in exchanging 26 shares and JMMB Group 6% ended at US$1.05 in trading 5,600 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No rising stock on JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged dropping 96 percent the valued 94 percent lower than on Friday, resulting in eight securities trading, compared to seven on Friday with no rising, two declining and six ending unchanged as investors swapped 54,098 shares for US$12,392 compared to 1,374,508 units at US$215,103 on Friday.
Trading averaged 6,762 units at US$1,549 versus 196,358 shares at US$30,729 on Friday, with a month to date average of 54,716 shares at US$6,571 against 61,447 units at US$7,275 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 0.13 points to end at 207.52.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.3. 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 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 ended at 4 US cents as investors exchanged 43,266 shares, MPC Caribbean Clean Energy remained at US$1.10 with an exchange of 62 stocks, Productive Business Solutions closed at US$1.3225 trading 4 stock units. 
Proven Investments ended at 20.5 US cents, with 28 units changing hands, Sterling Investments declined 0.09 of a cent at 2 US cents after exchanging 200 stocks, Sygnus Credit Investments USD share remained at 13 US cents, with 514 units crossing the exchange and Sygnus Real Estate Finance USD share closed at 12.39 US cents with a transfer of 15 stock units.
In the preference segment, JMMB Group 6% lost 5 cents to end at US$1.05 in exchanging 10,009 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Access back is back in ICTOP10
Over the past two weeks, there are few changes in the IC TOP10 listings with Iron Rock Insurance replaced by Access Financial in the Junior Market, while there were no changes for the main market.
In the Junior Market, CAC 2000 surged 33 percent to $8 and Access Financial and dipped 6 percent to $22, Radio Jamaica fell 6 percent to $2.05, while Jamaica Broilers and Sygnus Credit Investments gained 4 percent.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.5, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.9, an important indicator of the level of undervaluation of the ICTOP10. The Junior Market is projected to rise by 245 percent and the Main Market TOP10 is projected to gain an average of 238 percent each, by May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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, 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.