Stocks slipped at the close of trading on the Jamaica Stock Exchange Main Market on Wednesday but remain well ahead of the average level of trading in November after a 25 percent decline in the volume of stocks traded and the value rising marginally over
Tuesday’s outcome from trading in 56 securities compared to 55 on Tuesday and leading to prices of 17 rising, 20 declining and 19 ending unchanged.
A total of 8,969,331 shares were exchanged for $256,955,915 versus 11,990,620 units at $247,055,940 on Tuesday.
Trading averaged 160,167 units at $4,588,498 compared with 218,011 shares at $4,491,926 on Tuesday. Trading month to date averages 570,744 stock units at $2,730,685 compared with 616,454 units at $2,523,851 on the previous day, but well over November’s average of 202,406 units for $1,736,493.
NCB Financial led trading with 2.51 million shares for 28 percent of total volume followed by Wigton
Windfarm with 2.10 million units for 23.4 percent of the day’s trade and Ciboney Group with 1.01 million units for 11.3 percent market share.
The All Jamaican Composite Index declined by 2,883.94 points to 381,106.29, the JSE Main Index shed 957.35 points to 338,955.50 and the JSE Financial Index slipped 0.19 points to end at 80.95.
The PE Ratio, a formula used to ascertain appropriate stock values, averages 14.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
At the close of trading, the Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments fell 54 cents to $90.90 in trading 4,122 shares, Berger Paints shed 75 cents to end at $10 with 3,283 stock units changing hands, Carreras advanced 77 cents to $8.87 in switching ownership of 120,010 units.
Eppley climbed $5.07 in closing at $37.20 with investors trading 5 stocks, Eppley Caribbean Property Fund gained 75 cents to end at $43.50 in an exchange of 4,134 stock units, Guardian Holdings dropped $49 to finish at $501 with 1,709 units crossing the market. JMMB Group dipped 40 cents to $32 after trading 19,588 stocks, Kingston Wharves advanced $1.49 to $31.49 in exchanging 3,038 shares, Mayberry Jamaican Equities fell 51 cents to $13.30 with a transfer of 4,585 stock units. NCB Financial rallied 50 cents to $82 after trading 2,509,445 shares, but only after trading at an intraday 52 weeks’ low of $79. Palace Amusement jumped $264.86 ending at $1,086.13 with the swapping of 2,179 units and has gained 75% since a split announcement, Proven Investments advanced $2 to $28, with 3,674 stocks crossing the exchange. Sagicor Group declined $2 to close at $49 with 26,728 stock units clearing the market,
Supreme Ventures rose 99 cents to $29.99 after a transfer of 156,697 units and Sygnus Credit Investments shed 45 cents in closing at $12.40 with 9,553 stocks changing hands.
In the preference segment, Eppley 5% preference share popped $1.45 to close at $22.48 after exchanging 79 shares and Eppley 7.50% preference share gained 51 cents to end at $7.77 in switching ownership of 465 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 11,990,620 shares were traded for $247,055,940 compared with 6,493,255 units at $91,157,503 on Monday.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.9 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for the financial years ending between November and August 2023.
Jamaica Stock Exchange shed $2.36 to $14.11 after 75,201 shares crossed the market, JMMB Group was marked down by $3.60 to $32.40 after an exchange of 67,244 stocks, Mayberry Investments popped 51 cents to end at $8.25 after a transfer of 10,422 units. NCB Financial declined $1.02 to $81.50 with 56,657 shares changing hands, 138 Student Living gained 80 cents to settle at $5.90 in trading 36,016 stocks, Palace Amusement jumped $201.27 to end at $821.27 with investors transferring 22 stock units after the company announced a meeting of directors to consider a stock split. PanJam Investment dropped $2.98 to finish at $52.02 in switching ownership of 22,316 stocks, Proven Investments gained 40 cents to end at $26 trading 18,515 stock units, Sagicor Group popped 50 cents in closing at $51 with the swapping of 1,410 units. Scotia Group lost 51 cents to end at $32.50 with 574,117 shares clearing the market, Stanley Motta gained 40 cents in closing at $4.90 after 20,040 stocks changed hands and Supreme Ventures fell $1 to $29 with the swapping of 119,067 units.
In the preference segment, Eppley 5% preference share dipped $1.45 to $21.03 as investors exchanged 89 shares, Eppley 7.50% preference share rose 66 cents to $7.26 after 151 stock units crossed the market and Productive Business Solutions 9.75% preference share rallied $12.21 to $120 in trading five shares.
A total of 6,493,255 shares were exchanged for $91,157,503 versus 2,890,999 units at $27,224,258 on Friday.
The All Jamaican Composite Index climbed 1,523.69 points to 383,892.98, the JSE Main Index rose 760.64 points to 339,549.37 and the JSE Financial Index popped 0.34 points to close at 81.19.
Jamaica Producers declined $1 to $20 with 280,655 stock units changing hands, Jamaica Stock Exchange rallied $1.47 to $16.47 after an exchange of 16,166 shares, JMMB Group advanced $4 to close at $36 after 628,013 stocks cleared the market. Kingston Wharves fell $1.64 to $30 after an exchange of 15,240 units, Margaritaville dropped $3.45 to $19.55 as 412 shares passed through the market, Mayberry Jamaican Equities gained 51 cents in ending at $13.51 with investors transferring 50,806 stock units. MPC Caribbean Clean Energy lost 50 cents to close at $83 with 20 stocks changing hands, NCB Financial advanced $1.02 to $82.52 in switching ownership of 5,440 shares, Proven Investments was marked down by $1.60 in closing at $25.60 with an exchange of 131,799 units. Sagicor Group popped 50 cents to finish at $50.50, trading 3,566 stock units, Scotia Group fell 49 cents in closing at $33.01 after crossing the exchange with 510,357 units, but before the release of full year results showing earnings of $3.75 per share.
Seprod declined $1 to $70 with a transfer of 1,622 stock units and Stanley Motta shed 90 cents to end at $4.50 in trading 978 shares.
A total of 2,890,999 shares were exchanged for $27,224,258 down sharply from 246,792,291 units at $513,155,922 on Thursday.
The All Jamaican Composite Index dived 2,298.69 points to 382,369.29, the JSE Main Market Index dipped 1,613.21 points to 338,788.73 and the JSE Financial Index shed 1.10 points to end at 80.85.
Jamaica Producers declined $1.50 to $21 with investors transferring 238,069 stock units, JMMB Group shed $1.45 to end at $32 after trading 42,004 stocks. MPC Caribbean Clean Energy gained 50 cents to close at $83.50 with 723 shares clearing the market, NCB Financial lost 50 cents after ending at $81.50 in trading 16,397 units, Palace Amusement dipped $1 in closing at $620 in an exchange of 61 stock units. PanJam Investment declined $2.25 to $55 after a transfer of 83,516 units, Proven Investments lost 60 cents to end at $27.20 with a transfer of 512 shares, Sagicor Group advanced $2 to $50 with 25 stocks crossing the market. Seprod rose $1 to $71 trading 9,396 stock units, Supreme Ventures climbed $3.05 to close at $30 with 100,161 stocks changing hands.
In the preference segment, Eppley 7.50% preference share fell $1.17 to $6.60 in transferring 130 units and JMMB Group 7.25% preference share rallied 42 cents to $3.23 with the swapping of 1,541 shares.
A total of 246,792,291 shares were traded for $513,155,922 compared to 12,913,414 units at $51,455,919 on Wednesday. Trading averaged 4,255,040 stock units at $8,847,516 versus 239,137 shares at $952,887 on Wednesday.
The All Jamaican Composite Index lost 2,606.04 points to end at 384,667.98, the JSE Main Index fell 1,030.71 points to 340,401.94 and the JSE Financial Index shed 0.31 points to close at 81.95.
Jamaica Broilers shed $1.57 to close at $26.03 in an exchange of 44,823 stock units, Jamaica Producers rose $1.50 to settle at $22.50 in switching ownership of 885 units, Jamaica Stock Exchange fell $1.47 to $15 with 2,514 stock units clearing the market. JMMB Group popped $1.45 to end at $33.45 trading 12,437 stocks, Kingston Wharves jumped $1.69 to $31.69 with 145,284 shares passing through the market, NCB Financial rose $1.99 to $82 in switching ownership of 21,195 units. Sagicor Group dropped $3 to finish at $48 in exchanging 233,350 stocks, Scotia Group lost 50 cents to close at $33.50 after 9,645 stock units crossed the exchange and Supreme Ventures dipped $1.01 to $26.95 with 105,169 units changing hands.
In the preference segment, Eppley 5% preference share popped $1.91 in closing at $21.03 as investors exchanged 11 shares, Eppley 7.25% preference share jumped $2.98 to $19.99 in transferring 200 stocks and JMMB Group 7.25% preference share fell 50 cents to close at $2.81 in trading 351 shares.
At the close, the Combined Market Index fell 853.09 points to close at 353,155.28, the JSE Main Index fell 1,030.71 points to 340,401.94 while the All Jamaica Composite Index dipped 2,606.04 points to 384,667.98, the Junior Market popped 12.10 points to 3,879.39 and the JSE US dollar market rose 1.56 points to 226.35.
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.
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.
A total of 12,913,414 shares were exchanged for $51,455,919 versus 11,957,180 units at $124,947,760 on Tuesday.
the JSE Main Index rallied 3,125.71 points to 341,432.65 and the JSE Financial Index advanced 0.99 points to 82.26.
GraceKennedy climbed $1.09 to close at $84.99 in switching ownership of 84,938 units, Guardian Holdings rallied $27.90 ending at $520 with the swapping of 1,479 stocks, Jamaica Broilers advanced 70 cents to end at $27.60 with an exchange of 1,582 units. Jamaica Producers lost $1 ending at $21 with a transfer of 60,162 stock units, Jamaica Stock Exchange jumped $2.89 to close at $16.47 crossing the exchange 931 shares, JMMB Group shed $1 to $32 in an exchange of 130,363 shares. Margaritaville popped $4.35 in closing at $23 in an exchange of one stock unit, Mayberry Investments increased 70 cents to close at $8 trading 35,101 units, Mayberry Jamaican Equities declined 39 cents to $13 changing hands 1,700 stocks. NCB Financial fell $3.88 ending at $80.01 exchanging 21,730 stocks, PanJam Investment climbed 50 cents in closing at $57.50 crossing the market 31,357 stock units,
Sagicor Real Estate Fund rallied $1.26 to end at $7.80 clearing the market with 9,953 units and Supreme Ventures advanced $1.01 in closing at $27.96 after exchanging 108,642 shares.
A total of 11,957,180 shares were traded for $124,947,760, up from 6,352,026 units at $49,169,596 on Monday.
The PE Ratio a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
GraceKennedy rallied $1.78 to $83.90 after trading 13,081 stock units, Guardian Holdings dropped $32.90 to end at $492.10 with the swapping of 1,719 shares, Jamaica Broilers dipped 70 cents to $26.90 with 8,518 shares changing hands. Jamaica Producers declined $3.24 in closing at $22 after trading 3,734,778 stock units, Jamaica Stock Exchange shed $1.44 to settle at $13.58 after exchanging 45,309 units, Kingston Properties lost 90 cents to end at $6.25 in switching ownership of 5,500 stocks, Margaritaville dipped $4.35 to $18.65 with an exchange of 1,348 shares, NCB Financial gained $1.89 after ending at $83.89 in transferring 10,519 stock units, PanJam Investment lost 40 cents to close at $57 with 2,275 stocks clearing the market. Portland JSX rose $1.39 to $10.49 in switching ownership of 18 units, Sagicor Group fell $1.99 to $51.01 in exchanging 4,766 stock units, Sagicor Real Estate Fund shed $1.16 to end at $6.54 with the swapping of 9,690 shares.
Scotia Group rallied 50 cents to close at $34.05 trading 45,443 units, Seprod lost 56 cents in ending at $69.99 after 7,767 stocks passed through the market.
A total of 6,352,026 shares were traded for $49,169,596 down from 6,541,604 units at $73,470,799 on Friday.
The All Jamaican Composite Index dipped 1,730.75 points to 385,352.16, the JSE Main Index popped 147.08 points to 340,300.96 and the JSE Financial Index rose 0.26 points to settle at 81.72.
Eppley dropped $9 to close at a 52 weeks’ low of $29 with an exchange of 5,455 stocks, Eppley Caribbean Property Fund shed $2.25 to end at $41.75 after trading 234 stocks, First Rock Real Estate popped $1.44 to end at $14.20 as investors exchanged 195 units. Guardian Holdings climbed $29.99 to $525 with a transfer of 143 stock units, Jamaica Broilers lost 40 cents in closing at $27.60 after a transfer of 1,409 shares, Jamaica Producers dipped $1.11 to $25.24 with 339,967 stocks changing hands. JMMB Group fell $1 to close at $33 in transferring 46,236 shares, Kingston Properties gained 65 cents to settle at $7.15 with 40,654 units crossing the market, Kingston Wharves dropped $1.85 to $30 in trading 39,058 stock units. Margaritaville advanced 44 cents to $23 in an exchange of 22 units, NCB Financial declined 95 cents to $82 with the swapping of 24,235 shares, Sagicor Group rose $2 to $53 after an exchange of 1,250 stock units. Scotia Group advanced 55 cents to $33.55 after 465,742 stocks passed through the market, Seprod rose $1.55 to $70.55 in an exchange of 4,994 stock units and Supreme Ventures dipped 94 cents to $27 in switching ownership of 4,078 shares.
In the preference segment, Eppley 5% preference share shed $3.37 in closing at $19.12 in switching ownership of 200 stocks, Eppley 7.75% preference share gained 50 cents to settle at $20.50 after a transfer of 200 units, 138 Student Living preference share surged $7.65 to $58.65 with 32 units clearing the market and Productive Business Solutions 9.75% preference share dropped $10 to close at $120 with investors transferring nine stocks.
Access Financial that dropped out of the Junior Market TOP10 last week returns with the price at $21.31 replacing Medical Disposables after the latter rose 7 percent for the week to $5.33. There were no new listings for the Main Market 10.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.7, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.1, important indicators of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 242 percent and the Main Market TOP10 an average now of 271 percent, to 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, 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.