Stocks declined on the Jamaica Stock Exchange on Tuesday, resulting in all the major market Indices slipping with the Junior Market taking the biggest hit in giving up more than 60 points and ending with the number of stocks changing hands falling, following a drop in the value traded compared with the previous trading day, resulting in prices of 27 shares rising and 46 declining.
At the close of trading, the JSE Combined Market Index climbed 563.57 points to 340,684.10, the All Jamaican Composite Index shed 1,084.66 points to 367,499.60, the JSE Main Index shed 135.73 points to lock up trading at 327,662.97. The Junior Market Index dropped 62.20 points to conclude trading at 3,813.83 and the JSE USD Market Index dipped 1.39 points to end trading at 246.42.
At the close of trading, 19,286,548 shares were exchanged in all three markets, well down from 53,140,220 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $93.28 million, down from $266.30 million on the previous trading day and the JSE USD market closed with an exchange of 304,275 shares for US$13,337 compared to 84,506 units at US$3,441 on Thursday.
In the Main Market Wigton Windfarm led trading with 3.86 million shares followed by Transjamaican Highway with 3.42 million stock units and General Accident with 1.0 million units.
In the Junior Market, Spur Tree Spices led trading with 1.58 million shares followed by JFP Ltd with 1.31 million stock units and Dolla Financial with 800,308 units.
In the preference segment, Productive Business Solutions 10.5% preference share dipped $50.99 to end at $1,099.01.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20 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 for investors 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 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.
Trading surged on the JSE USD market
Trading surged on Wednesday with a 97 percent jump in the volume of stocks changing hands on the Jamaica Stock Exchange US dollar market following a 221 percent jump in the value of stocks changing hands compared to Tuesday, resulting from trading in nine securities, up from eight on Tuesday and ended with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 303,812 shares for US$36,667 up from 154,383 units at US$11,426 on Tuesday.
Trading averaged 33,757 units at US$4,074 versus 19,298 shares at US$1,428 on Tuesday, with a month to date average of 50,886 shares at US$3,720 compared with 52,045 units at US$3,696 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index popped 0.33 points to settle at 249.15.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 none with a lower offer.
At the close, First Rock Real Estate USD share remained at 4.99 US cents while investors exchanged 3,813 stocks, Margaritaville dipped 0.99 of one cent to 10 US cents, with 22,170 units crossing the market, Proven Investments ended at 14.99 US cents after an exchange of 9,156 shares.
Sterling Investments advanced 0.07 of a cent to close at 1.69 US cents with 58 stock units crossing the market, Sygnus Credit Investments lost 0.1 of a cent to end at 8.6 US cents in switching ownership of 11 shares, Sygnus Real Estate Finance USD share ended at 11 US cents, with 1,000 stocks changing hands and Transjamaican Highway rose 0.03 of a cent to 2.2 US cents and closed with an exchange of 245,862 units.
In the preference segment, JMMB Group US8.5% preference share rallied 1 cent to end at US$1.18 with 19,754 stock units clearing the market and JMMB Group 5.75% remained at US$2.12 with investors dealing in 1,988 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks dominate the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 70 percent rise in the exchange the volume of stocks changing hands after a 39 percent drop in value compared with Monday, resulting from trading in eight securities, compared to six on Monday with prices of one rising, four declining and three ending unchanged.
The market closed with an exchange of 154,383 shares for US$11,426 compared to 90,769 units at US$18,681 on Monday.
Trading averaged 19,298 units at US$1,428 versus 15,128 shares at US$3,113 on Monday, with a month to date average of 52,045 shares at US$3,696 compared with 54,141 units at US$3,842 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index sank 1.73 points to settle at 248.82.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 none with a lower offer.
At the close, First Rock Real Estate USD share ended at 4.99 US cents after investors cleared the market with 945 stock units, Margaritaville climbed 0.99 of one cent in closing at 10.99 US cents after an exchange of 990 shares,
Productive Business Solutions remained at US$1.70, with 58 units crossing the market. Proven Investments fell 1 cent and ended at 14.99 US cents with investors swapping 13,000 stocks, Sterling Investments sank 0.07 of a cent to close at 1.62 US cents, with 103,138 shares crossing the market, Sygnus Credit Investments remained at 8.7 US cents with investors dealing in 16 stock units and Transjamaican Highway dipped 0.02 of a cent to end at 2.17 US cents in an exchange of 33,026 stocks.
In the preference segment, JMMB Group 5.75% lost 2.5 cents in closing at US$2.12 after trading 3,210 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No rising stock on the JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended Monday, with the volume of stocks exchanged rising 9 percent after 625 percent more US dollars entered the market compared with Friday, resulting in trading in six securities, compared to eight on Friday with prices of none rising, two declining and four ending unchanged.
The market closed with an exchange of 90,769 shares for US$18,681 up from 83,304 units at US$2,577 on Friday.
Trading averaged 15,128 units at US$3,113 versus 10,413 shares at US$322 on Friday, well below the month to date average of 54,141 shares at US$3,842 compared with 56,108 units at US$3,878 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index lost 0.14 points to cease trading at 250.57.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville slipped 1 cent to end at 10 US cents with 70,084 stocks clearing the market, Productive Business Solutions ended at US$1.70 in switching just one unit, Proven Investments ended at 15.99 US cents after investors traded 1,918 shares. Sygnus Real Estate Finance USD share dipped 1.74 cents to close at 11 US cents after 7,038 units crossed the exchange and Transjamaican Highway remained at 2.19 US cents after a transfer of 2,728 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.17 with investors swapping 9,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading slips on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 29 percent drop in the volume of stocks traded after 64 percent fewer US dollars changed hands than on Tuesday, resulting in trading in 11 securities, compared to nine on Tuesday with prices of five rising, one declining and five ending unchanged.
The market closed with an exchange of 288,604 shares for US$12,293 compared to 407,861 units at US$34,259 on Tuesday.
Trading averaged 26,237 units at US$1,118 versus 45,318 shares at US$3,807 on Tuesday, with a month to date average of 61,347 shares at US$4,241 compared with 65,370 units at US$4,599 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index gained 2.03 points to 247.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. 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 three with lower offers.
At the close, AS Bryden remained at 22.01 US cents with a transfer of just one stock unit, First Rock Real Estate USD share rose 0.49 of one cent to 4.99 US cents with investors dealing in 10,961 shares, Margaritaville rallied 0.01 of a cent in closing at 10.01 US cents in an exchange of 110 stocks. Productive Business Solutions ended at US$1.70, with 27 units changing hands,
Proven Investments ended at 16 US cents with after trading 12,171 shares, Sterling Investments remained at 1.7 US cents after 276 stocks passed through the market. Sygnus Credit Investments increased 1.29 cents to close at 8.7 US cents while exchanging 1,934 units, Sygnus Real Estate Finance USD share ended at 12.74 US cents after trading 1,373 stock units and Transjamaican Highway popped 0.1 of a cent in closing at 2.17 US cents after an exchange of 260,050 shares.
In the preference segment, JMMB Group US8.5% preference share popped 0.1 of a cent and ended at US$1.17 with investors swapping 1,498 units and Sygnus Credit Investments E8.5% slipped one cent to US$10.50 after a transfer of 203 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index climbed 1,076.40 points to 341,247.67, the All Jamaican Composite Index climbed 2,274.96 points to 368,584.26, the JSE Main Index rose 787.45 points to end at 327,798.70. The Junior Market Index jumped 46.14 points to 3,876.03 and the JSE USD Market Index declined 1.34 points to wrap-up trading at 247.81.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 14.2 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 net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index dropped 1,382.30 points to close at 340,171.27, the All Jamaican Composite Index dropped 2,210.62 points to close at 366,309.30, the JSE Main Index sank 1,536.68 points to close at 327,011.25. The Junior Market Index rallied 13.03 points to culminate at 3,829.89 and the JSE USD Market Index gained 0.31 points to finish at 249.15.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.5 on 2022-23 earnings and 14.2 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 net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index jumped by 5,250.77 points to 341,553.57, the All Jamaican Composite Index pushed 4,960.46 points higher to 368,519.92, the JSE Main Index surged 5,377.41 points to 328,547.93. The Junior Market Index gained 23.71 points to lock up trading at 3,816.86 and the JSE USD Market Index fell 1.73 points to end the day at 248.84.
In the Junior Market, Spur Tree Spices led trading with 6.79 million shares followed by ONE on ONE Educational with 818,975 units and EduFocal with 665,885 stocks.
The net asset value of each company is reported as a guide for investors 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.
At the close of trading on Monday, the JSE Combined Market Index dived 5.384.99 points to close at 336,302.80, the All Jamaican Composite Index dropped 4,751.24 points to finish at 363,559.46, while the JSE Main Index plunged 5,752.15 points to end trading at 323,170.52. The Junior Market Index rose 1.10 points to 3,793.15 and the JSE USD Market Index fell 0.14 points to wrap up trading at 250.57.
In the preference segment, Jamaica Public Service 9.5% increased $51 to $2,900 and Productive Business Solutions 9.75% preference share dropped $10 in closing at $105.
The net asset value of each company is reported as a guide for investors 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.
At the close of trading, the JSE Combined Market Index declined 1,213.73 points to 339,829.59, the All Jamaican Composite Index declined 803.27 points to 366,350.22, the JSE Main Index dropped 910.30 points to 327,260.10. The Junior Market Index plunged 41.11 points to close at 3,757.91 and the JSE USD Market Index rose 1.38 points to 249.03.
In the preference segment, Productive Business Solutions 10.5% preference share dropped $123.29 to $1,150, Productive Business Solutions 9.75% preference share increased $19.91 and ended at $115 and Sygnus Credit Investments C10.5% rallied $3 to $110.
The net asset value of each company is reported as a guide for investors 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.