Prices of 50 stocks rose and 32 declined at the close of trading on the Jamaica Stock Exchange on Wednesday even as the number and value of stocks changing hands fell, below that of the previous day and ended with a solid rise in the Junior Market and a modest increase in JSE USD market, in contrast, the Main market lost ground at the close.
At the close of trading, the JSE Combined Market Index shed 894.41 points to close at 329,101.72, the All Jamaican Composite Index declined 1,016.07 points to end at 352,471.96, the JSE Main Index dropped 1,265.04 points to 316,410.32. The Junior Market Index jumped 44.70 points to wrap up trading at 3,699.07 and the JSE USD Market Index rose 0.88 points to wrap-up trading at 219.86.
At the close of trading, 14,069,009 shares were exchanged in all three markets, down from 18,079,463 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $70.97 million, well below the $98.07 million on the previous trading day and the JSE USD market closed with an exchange of 105,065 shares for US$5,087 compared to 184,675 units at US$7,820 on Tuesday.
In Main Market activity, Sagicor Select Financial Fund led trading with 3.24 million shares followed by JMMB Group with 1.26 million stock units and Wigton Windfarm with 949,260 units
In Junior Market trading, Omni Industries that was listed last week and led trading with 1.98 million shares followed by iCreate that was trading for the first time since the suspension in the shares was lifted ended with 810,288 stocks and Dolla Financial with 586,952 units.
In the preference segment, Eppley 7.50% preference share shed $1 to end at $5.50, Jamaica Public Service 7% added $1 to finish at $46 and Productive Business Solutions 10.5% preference share dropped $50.03 to $1,050.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2023-24 earnings and 13.4 times those for 2024-25 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 within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
JSE USD market falls
The Jamaica Stock Exchange US dollar market declined on Monday, with the volume of stocks exchanged rising 1356 percent after 152 percent more funds changing hands than on Friday, resulting in trading in seven securities, compared to seven on Friday with prices of four rising, one declining and two ending unchanged.
The market closed with an exchange of 533,385 shares for US$13,379 compared to 36,637 units at US$5,319 on Friday.
Trading averaged 76,198 units at US$1,911 versus 5,234 shares at US$760 on Friday, with a month to date average of 46,616 shares at US$2,623 compared with 43,526 units at US$2,697 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 2.11 points to end at 219.91.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, First Rock Real Estate USD share gained 0.63 of one cent in closing at 4.72 US cents, with 8,236 units crossing the exchange, Proven Investments remained at 13 US cents, with 1,389 stocks changing hands,
Sterling Investments popped 0.13 of a cent to end at 1.6 US cents after investors traded 4,500 shares. Sygnus Credit Investments ended at 8 US cents with 1,241 stock units clearing the market and Transjamaican Highway dropped 0.09 of a cent to finish at 2 US cents and closed with an exchange of 517,794 shares.
In the preference segment, JMMB Group 5.75% advanced 25.65 cents to close at US$1.9665, with 5 stocks crossing the market and Productive Business Solutions 9.25% preference share rose 10 cents to US$11 in trading 220 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSEUSD stocks
Stocks gained at the close on the Jamaica Stock Exchange US dollar market on Friday, following trading in seven securities, up from four on Thursday with prices of three rising, one declining and three ending unchanged with a 92 percent decline in the volume of stocks that were exchanged with a 59 percent lower value than Thursday.
The market closed with an exchange of 36,637 shares for US$5,319 compared to 456,359 units at US$13,103 on Thursday.
Trading averaged 5,234 units at US$760 down sharply from 114,090 shares at US$3,276 on Thursday, with a month to date average of 43,526 shares at US$2,697 compared with 47,993 units at US$2,923 on the previous day and May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index climbed 2.16 points to settle at 2212.02
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 8 US cents after 2,775 shares were traded, Productive Business Solutions remained at US$1.275 in switching ownership of 144 stocks,
Proven Investments ended at 13 US cents with 32,830 shares crossing the market. Sygnus Credit Investments fell 0.4 of a cent in closing at 8 US cents with investors trading 243 stocks, Sygnus Real Estate Finance USD share gained 2.19 cents to end at 10.99 US cents after 87 shares passed through the market and Transjamaican Highway popped 0.08 of a cent to close at 2.09 US cents in an exchange of 200 stocks.
In the preference segment, JMMB Group 5.75% rallied 1 cent to US$1.71 with investors transferring 358 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All stocks fell on the JSE USD Market
All stocks declined on Thursday in trading on the Jamaica Stock Exchange US dollar market with four securities changing hands the same number as Wednesday and ended with the volume of stocks exchanged rising 502 percent, with an 11 percent lower value than on Wednesday.
The market closed with an exchange of 456,359 shares for US$13,103 compared to 75,761 units at US$14,761 on Wednesday.
Trading averaged 114,090 units at US$3,276 versus 18,940 shares at US$3,690 on Wednesday, with a month to date average of 47,993 shares at US$2,923 compared with 43,272 units at US$2,898 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.15 points to end at 219.86.
The PE Ratio, a measure used in computing appropriate stock values, averages 7.9. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, MPC Caribbean Clean Energy dipped 3 cents to end at 61 US cents with investors swapping 102 stock units and Transjamaican Highway sank 0.09 of a cent to 2.01 US cents in an exchange of 454,099 shares.
In the preference segment, JMMB Group 5.75% skidded 30 cents to close at US$1.70 with 2,142 stocks changing hands and Productive Business Solutions 9.25% preference share fell 55 cents in closing at US$10.90 after an exchange of 16 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index declined 166.40 points to close at 329,996.13, the All Jamaican Composite Index dipped 2,008.17 points to conclude trading at 353,488.03, the JSE Main Index popped some 304.05 points to 317,675.36. The Junior Market Index dropped 64.59 points to 3,654.37 and the JSE USD Market Index dipped 0.93 points to conclude trading at 218.98.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.9 on 2023-24 earnings and 13.3 times those for 2024-25 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 net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index climbed 4,477.60 points to 330,162.54, the All Jamaican Composite Index dived 1,074.34 points to 355,496.20, the JSE Main Index shed 4,686.69 points to end trading at 317,371.31. The Junior Market Index popped 1.27 points to close at 3,718.96 and the JSE USD Market Index lost 2.04 points to end the day at 219.91.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2023-24 earnings and 13.4 times those for 2024-25 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 net asset value of each company is reported as a guide for investors 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.
At the close of trading on Friday, the JSE Combined Market Index rallied 2,179.26 points to 334,640.14, the All Jamaican Composite Index slipped 158.45 points to close at 356,570.54, the JSE Main Index rose 2,061.91 points to end trading at 322,058.00. The Junior Market Index climbed 29.00 points to close at 3,717.69, after hitting 3760 points in the morning session and the JSE USD Market Index rose 2.09 points to end the day at 221.95.
In the Junior Market, Omni Industries was the leading traded stock with 2.45 million units, to be followed by Lasco Financial with 575,941 stock units and Dolla Financial with 569,701 units.
The net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index climbed 1,158.09 points to 332,460.88, the All Jamaican Composite Index rallied 2,126.19 points to 356,728.99, the JSE Main Index jumped 1,388.74 points to 319,996.09. The Junior Market Index dipped 24.19 points to 3,688.69 and the JSE USD Market Index sank 0.15 points to cease trading at 219.86.
In the preference segment, Sygnus Credit Investments C10.5% slipped $16.86 and ended at $95.45
The net asset value of each company is reported as a guide for investors 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.
At the close of the market, the JSE Combined Market Index popped 542.32 points to 331,302.79, the All Jamaican Composite Index sank 1,772.18 points to 354,602.80, the JSE Main Index slipped 9.30 points to finish at 318,607.35. The Junior Market Index jumped 77.82 points to close trading at 3,712.88 and the JSE USD Market Index dipped by just 0.13 points to 220.01.
There were no preference shares with notable price changes.
The net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index rose 189.22 points to close at 330,760.47, the All Jamaican Composite Index skidded 975.19 points to wrap up trading at 356,374.98, the JSE Main Index popped 526.71 points to end the day at 318,616.65. The Junior Market Index dropped 44.47 points to 3,635.06, with FESCO dropping in the morning session to a 52 weeks’ low of $2.50, with an average price of $2.90 and would have had a major pull on the index. The JSE USD Market Index fell 2.98 points to lock up trading at 220.14.
In Junior Market trading, Omni Industries led trading with 3.90 million shares followed by Future Energy with 1.33 million units, then Dolla Financial with 1.15 million shares and Fosrich with 1.04 million units.
The net asset value of each company is reported as a guide for investors 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.