Trading slipped on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded declining 57 percent, a 50 percent lower value than on Monday and the Junior Market Index rising 23.46 points to 4,154.00.
A total of 11,789,430 shares were traded for $42,079,092 down from 27,482,829 units at $83,901,578 on Monday. Trading for the day averaged 287,547 shares at $1,026,319 versus 624,610 shares at $1,906,854 on Monday, with the month to date averaging 456,922 units at $1,526,137 versus 473,034 units at $1,573,683 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Dolla Financial led trading with 3.42 million shares for 29 percent of total volume, followed by Jamaican Teas with 2.79 million units for 23.6 percent of the day’s trade, Future Energy Source chipped in with 1.66 million units for 14 percent of the day’s trade and iCreate ended with 1.30 million units for 11 percent of market share.
Investors traded 41 securities versus 44 on Monday, with prices of 11 rising, 20 declining and ten closing unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 12.4. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
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, Access Financial lost 94 cents to close at $26.40 in an exchange of 4,283 shares, Blue Power popped 24 cents in closing at $3.65 in trading 11 stock units, Cargo Handlers shed 40 cents to end at $14.50, with 428 units changing hands. Dolla Financial dipped 15 cents to $3.05 in switching ownership of 3,422,464 stocks, Dolphin Cove declined 91 cents to end at $14.08, with 102,020 stock units crossing the market, EduFocal fell 28 cents to $2.70 with the trading of 662,349 units. Elite Diagnostic lost 27 cents in ending at $3.41 with the swapping of 301,929 stocks, Express Catering advanced 10 cents to close at $5.50, with 5,500 shares crossing the exchange, Fontana rose 26 cents in closing at $10 after trading 16,753 shares. Honey Bun fell 15 cents to $8 after exchanging 22,305 stocks, iCreate dropped 10 cents to $4.10 after exchanging 1,295,027 stock units, Iron Rock Insurance gained 12 cents to close at $2.72 in an exchange of 900 units. 
Jamaican Teas increased 25 cents to $2.83, with 2,787,553 shares changing hands, Lasco Distributors declined 17 cents to $2.93, with 45,192 units clearing the market, Limners and Bards shed 10 cents to $2.77 with an exchange of 11,920 stock units. Main Event lost 50 cents to close at $6.50 after trading 5,330 stocks, Spur Tree Spices dropped 18 cents to end at $3.70 while exchanging 81,516 shares and SSL Venture rallied 46 cents in ending at $4.11 with an exchange of 17,629 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors slip with positive sentiment at close
Trading picked up on the Junior Market of the Jamaica Stock Exchange Monday, with the volume of stocks traded climbing 73 percent with a 30 percent higher value than on Friday, resulting in 44 securities trading versus 42 on Friday and with 15 rising, 21 declining and eight closing unchanged.
A total of 27,482,829 shares were traded for $83,901,578, up from 15,869,218 units at $64,508,991 on Friday. Trading averaged 624,610 shares at $1,906,854 compared to 377,839 shares at $1,535,928 on Friday with month to date, averaging 473,034 units at $1,573,683 compared to 455,801 units at $1,535,803 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
JFP Limited led trading with 8.18 million shares for 29.8 percent of total volume followed by Dolla Financial with 5.43 million units for 19.8 percent of the day’s trade. Lumber Depot traded 4.32 million units for 15.7 percent of the market, Future Energy Source ended with 3.85 million units for 14 percent market share and EduFocal controlled 1.86 million units for 6.8 percent of the shares traded.
At the close, the Junior Market Index declined 11.88 points to settle at 4,130.54. The PE Ratio, a measure of computing appropriate stock values, averages 13.2. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial climbed $2.34 to $27.34 after the price hit a 52 weeks’ intraday high of $30.74, with investors grabbing 59,276 shares, Blue Power declined 24 cents to close at $3.41, with 32,531 stocks crossing the exchange, Cargo Handlers lost 10 cents in closing at $14.90 with an exchange of 16 units. Caribbean Cream rose 20 cents to $4.29 in an exchange of 258 stock units, Dolphin Cove advanced 19 cents to $14.99 after trading at 184,984 stock units, EduFocal increased 24 cents to $2.98, with an exchange of 1,860,911 units. Elite Diagnostic popped 28 cents to close at $3.68 while exchanging 143,493 stocks, Everything Fresh gained 20 cents in closing at $1.37 with an exchange of 64,834 shares, Express Catering shed 10 cents to end at $5.40 in exchanging 6,025 units. Fontana fell 44 cents to $9.74, with 55,150 shares changing hands, Fosrich rallied 20 cents to $3.49 after 990,791 stocks passed through the market, Future Energy Source advanced 56 cents to end at $5.85 in switching ownership of 3,854,348 stock units as investors responded to the sharp jump in the June quarter profit. 
Indies Pharma dropped 21 cents to $2.94 after trading 9,631 shares, Jamaican Teas dropped 12 cents to close at $2.58, with 60,336 stock units changing hands, Lasco Distributors increased 10 cents to $3.10 after exchanging 12,385 units. SSL Venture fell 45 cents to $3.65 after exchanging 120,654 stocks, Stationery and Office Supplies shed 50 cents in ending at $18.50 with 2,871 stock units clearing the market, Tropical Battery gained 15 cents to $2.80 after exchanging 331,727 shares and tTech declined 48 cents to end at $3.02 with 78,529 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Merger talks & surging profits send market higher
A merger proposal and one company’s sharp jump in profits sent the Junior Market surging on Friday as investors responded to an interest by Dolla Financial in Access Financial and reported record half-year results by Stationery and Office Supplies.
The above stocks recorded sizable gains at the close, but undervalued Access put on $5.79 as some sellers of the stock withdrew offers.
The merger offer of the two financial entities is unlikely to go anywhere as the numbers do not add up.
At the close, the Junior Market Index jumped 78.30 points to 4,142.42 as the volume of stocks trading rose 182 percent and the value jumped 243 percent over Thursday as Dolla Financial led trading with 9.41 million shares for 59.3 percent of total volume, followed by Spur Tree Spices with 1.22 million units for 7.7 percent of the day’s trade and Fosrich ended with 1.11 million units for 7 percent market share.
Investors were involved in trading 42 securities up from 38 on Thursday, with 16 rising, 14 declining and 12 closing unchanged.
A total of 15,869,218 shares were traded for $64,508,991 compared to 5,618,693 units at $18,792,608 on Thursday. Trading averaged 377,839 shares at $1,535,928 in contrast to 147,860 shares at $494,542 on Thursday with month to date, averaging 455,801 units at $1,535,803 compared to 465,292 units at $1,535,788 on Thursday the previous trading day. July closed with an average of 512,709 units at $2,574,304.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial years that fall between November this year and August next year.
The Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial rose $5.79 to close at $25, with 35,102 shares crossing the exchange, CAC 2000 declined $1.35 in closing at $7.65 while exchanging eight units, Caribbean Cream fell 21 cents ending at $4.09, with 5,021 stocks changing hands. Derrimon Trading rallied 10 cents to $2.40 and closed after trading 68,889 stock units, Dolla Financial advanced 40 cents to end at $3.22 in exchanging 9,405,836 stocks, Everything Fresh lost 13 cents in closing at $1.17, with 41,060 stock units changing hands. Express Catering increased 35 cents to end at $5.50 after 6,401 units crossed the market, Fontana climbed 39 cents to close at $10.18 in switching ownership of 85,689 shares, General Accident dropped 50 cents to $5, with 228,716 units clearing the market. iCreate gained 25 cents in ending at $4.25 with the swapping of 150,590 stocks, Iron Rock Insurance shed 36 cents in ending at a 52 weeks’ closing low of $2.60 after an exchange of 5,000 stock units, Jamaican Teas shed 15 cents to end at $2.70 trading 22,767 shares. Lasco Distributors popped 15 cents to close at $3 after 35,027 stock units crossed the market, 
Lasco Financial climbed 23 cents to $2.94 with an exchange of 47,418 stocks, Lasco Manufacturing lost 10 cents in ending at $4.20 after exchanging 25,540 units. Mailpac Group popped 20 cents to end at $2.35 in an exchange of 97,329 shares, Main Event fell $1 in closing at $7 after trading 17,053 stocks, SSL Venture advanced 48 cents to close at $4.10, trading 1,241 stock units. Stationery and Office Supplies rose $2 to $19 with 551,490 clearing the market units after the company posted profits that jumped nearly 200 percent to $174 million and declared a dividend of 18 cents per share and Tropical Battery dropped 10 cents to $2.65 in switching ownership of 133,290 shares ahead of the company reporting profits that more than doubled to $54 million in the June quarter from $25 million in 2021 and half nine months of $144 million compared to $59 million last year.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market stocks bounce
Stocks bounced in Junior Market trading on the Jamaica Stock Exchange on Thursday, with the Market Index rising 37.78 points to 4,064.12 after 38 securities traded down from 42 on Wednesday and ended with 19 rising, 11 declining and eight unchanged, with the volume of stocks traded falling 45 percent and the value 47 percent lower than on Wednesday.
The PE Ratio, a measure used in computing stock values, averages 12.6. The PE ratios of Junior Market incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
A total of 5,618,693 shares were traded for $18,792,608 versus 10,146,538 units at $35,165,833 on Wednesday.
Trading averaged 147,860 shares at $494,542 compared to 241,584 shares at $837,282 on Wednesday, with the month to date, averaging 465,292 units at $1,535,788 compared to 504,583 units at $1,664,672 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
EduFocal led trading with 1.05 million shares for 18.6 percent of total volume, followed by Future Energy Source with 869,353 units for 15.5 percent of the day’s trade and Jamaican Teas traded 772,230 units for 13.7 percent of market share.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
In closing, Cargo Handlers popped $1 to $15 after trading 4,163 shares, Consolidated Bakeries gained 17 cents in closing at $1.56 after switching ownership of 62,312 stocks, Dolphin Cove lost 17 cents to end at $14.83 in an exchange of 591 stock units. EduFocal rose 33 cents to $2.75 in exchanging 1,045,050 units, Express Catering shed 38 cents to close at $5.15, with 10,120 shares crossing the exchange, Fontana increased 22 cents in closing at $9.79 after trading 34,156 stocks. Fosrich rallied 15 cents to $3.37 in trading 647,712 stock units, GWest Corporation advanced 10 cents to end at $1, with 597 units changing hands, iCreate climbed 45 cents to close at $4 after exchanging 50,634 shares. Jamaican Teas declined 10 cents to $2.85 with an exchange of 772,230 units, Knutsford Express rose 10 cents to $7 after 10,000 stocks crossed the market, Lasco Distributors dropped 25 cents to a 52 weeks’ low of $2.85 after trading 58,030 stock units. Lasco Financial fell 23 cents in closing at $2.71 with 500 shares changing hands, Lasco Manufacturing increased 10 cents to end at $4.30 with 22,482 stock units clearing the market, Mailpac Group declined 12 cents to close at $2.15 while exchanging 204,030 stocks. 
Main Event climbed $1 in closing at $8 with the swapping of 13 units, Medical Disposables rallied 95 cents to end at $7, with one share crossing the market, Stationery and Office Supplies fell 94 cents to $17 in trading 54,856 units and Tropical Battery popped 11 cents to $2.75 with 233,615 stock units passing through the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big plunge for Junior Market
The Junior Market of the Jamaica Stock Exchange dropped sharply on Wednesday, with the Market Index plunging 107.82 points to 4,026.34, with the volume of stocks traded declining marginally after 10 percent more funds entered the market than on Tuesday.
Market activity led to 42 securities trading down from 44 on Tuesday and ended with 12 rising, 21 declining and nine unchanged.
A total of 10,146,538 shares were traded for $35,165,833 compared to 10,954,252 units at $31,979,360 on Tuesday. Trading averaged 241,584 shares at $837,282 compared to 248,960 shares at $726,804 on Tuesday with a month to date, average of 504,583 units at $1,664,672 compared to 546,266 units at $1,795,806 on the previous trading day. July averaged 512,709 units at $2,574,304.
Dolla Financial led trading with 2.63 million shares for 26 percent of total volume, followed by Jamaican Teas with 1.85 million units for 18.3 percent of the day’s trade and iCreate with 1.03 million units for 10.2 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.5. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $2.79 in closing at $19.21 after exchanging 275 shares, Cargo Handlers lost 90 cents to end at $14 with the swapping of 201,200 units, Caribbean Cream gained 42 cents to close at $4.30, with 66 stock units clearing the market. Consolidated Bakeries shed 21 cents to $1.39 in exchanging 66,632 stocks, Dolphin Cove declined 30 cents in ending at $15 after 38,504 stocks changed hands, Express Catering climbed 33 cents to $5.53, with 65,593 shares crossing the market. Future Energy Source dipped 20 cents to close at $5.30 in switching ownership of 613,827 stock units, GWest Corporation fell 12 cents in ending at 90 cents, with 21,170 units crossing the market, iCreate shed 85 cents to $3.55 in trading 1,029,876 shares. 
Jamaican Teas rallied 30 cents in closing at $2.95 in an exchange of 1,851,771 stock units, Lasco Manufacturing lost 35 cents in ending at $4.20 with an exchange of 57,063 stocks, Lumber Depot declined 10 cents to end at $2.90, with 133,266 units changing hands. Main Event advanced 90 cents to close at $7 after exchanging 25,517 units and Stationery and Office Supplies increased 44 cents to $17.94 in trading 12,919 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on Junior Market
Trading picked up on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded rising 38 percent with a 21 percent higher value than on Monday, resulting in 44 securities trading versus 46 on Monday and ended with rising and declining stocks sharing 15 each as 14 closed unchanged.
A total of 10,954,252 shares traded for $31,979,360 compared to 7,922,625 units at $26,322,732 on Monday. Trading averaged 248,960 shares at $726,804 in contrast to 172,231 shares at $572,233 on Monday with month to date, averaging 546,266 units at $1,795,806 compared to 605,458 units at $2,008,639 on the previous trading day. July closed with an average of 512,709 units at $2,574,304. Dolla Financial led trading with 1.84 million shares for 16.8 percent of total volume, followed by Fosrich with 1.73 million units for 15.8 percent of the day’s trade and JFP Limited with 1.13 million units for 10.3 percent market share.
At the close, the Junior Market Index rose 10.06 points to settle at 4,134.16.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial increased $2 to end at $22 in trading six shares, CAC 2000 climbed $2 in ending at $9, with five stocks clearing the market, Caribbean Assurance Brokers rallied 19 cents in closing at $2.79 after exchanging 83,905 stock units. Caribbean Cream shed 14 cents to close at a 52 weeks’ low of $3.88, with an exchange of 25,659 units, Consolidated Bakeries declined 12 cents to $1.60 in exchanging 623,522 units, Derrimon Trading fell 17 cents to $2.35 in switching ownership of 897,374 stocks. Dolphin Cove advanced 49 cents in closing at $15.30, after 6,098 shares crossed the market, Elite Diagnostic rose 11 cents to end at $3.43 with the swapping of 2,600 stock units, Fontana dropped 35 cents to close at $9.60 after trading 159,984 stocks. 
iCreate gained 10 cents in ending at $4.40 while exchanging 364,128 units, KLE Group lost 30 cents after ending at $1.80 after trading 4,495 stock units, Mailpac Group fell 11 cents to close at $2.20 after exchanging 739,265 shares. Main Event declined $1.07 to end at $6.10 and closed with an exchange of 13,170 shares, SSL Venture popped 14 cents to $3.70, with 16,855 stock units changing hands and Stationery and Office Supplies dropped 50 cents in closing at $17.50, with 37,085 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More Junior Market decline
All the stocks listed on the Junior Market of the Jamaica Stock Exchange traded Monday, with the volume and value plunging 79 percent down from Friday, as 46 securities traded versus 43 on Friday, ended with 11 rising, 26 declining and nine closing unchanged.
A total of 7,922,625 shares were traded for $26,322,732 compared to 37,285,244 units at $127,295,549 on Friday. Trading averaged 172,231 shares at $572,233 down from 867,099 shares at $2,960,362 on Friday with month to date, averaging 605,458 units at $2,008,639 compared to 719,335 units at $2,386,208 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
Dolla Financial led trading with 2.4 million shares for 30.2 percent of total volume followed by Fosrich with 604,885 units for 7.6 percent of the day’s trade and Lasco Financial with 496,567 units for 6.3 percent market share.
At the close, the Junior Market Index dropped 25.45 points to settle at 4,124.10. The PE Ratio, a measure of computing appropriate stock values, averages 12.9.
The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging shed 20 cents in ending at $3.65 while exchanging 18,567 shares, CAC 2000 fell 50 cents to $7 in trading 6,647 stock units, Cargo Handlers gained 95 cents to end at a 52 weeks’ high of $14.90, with 2,731 stocks changing hands. Caribbean Assurance Brokers advanced 10 cents to close at $2.60 in exchanging 94,353 units, Consolidated Bakeries rose 32 cents to $1.72 with an exchange of 478,898 stock units, Dolphin Cove popped 21 cents to close at $14.81 with the swapping of 52,223 stocks. Elite Diagnostic dropped 13 cents in ending at $3.32, with 25,389 shares clearing the market, Express Catering lost 38 cents to end at $5.21 as 53,200 units changed hands, Fontana declined 25 cents in closing at $9.95 after exchanging 46,770 stocks. Future Energy Source shed 14 cents to end at $5.45 in exchanging 468,925 shares, Honey Bun dropped 11 cents to close at $8 in trading 30,486 stock units, iCreate lost 20 cents to end at $4.30, with 190,479 units crossing the market. 
Lumber Depot climbed 10 cents to $3 in switching ownership of 187,906 units, Mailpac Group fell 14 cents in closing at $2.31 after 135,639 stocks crossed the exchange, Medical Disposables declined $1.15 to $6.05 trading 6,931 stock units. SSL Venture shed 79 cents to end at $3.56, with 449,140 shares crossing the market and Stationery and Office Supplies lost 40 cents to close at $18 in finishing the transfer of 54,587 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market dips on Friday
Trading remained elevated on the Junior Market of the Jamaica Stock Exchange Friday, even as the volume of stocks traded declined 45 percent from the big surge on Thursday, valued 42 percent less than the huge trade previously as 37,285,244 shares traded for $127,295,549 compared to 67,565,648 units at $220,496,708 on Thursday.
Trading closed with an average of 867,099 shares at $2,960,362 in contrast to 1,468,818 shares at $4,793,407 on Thursday with month to date, averaging 719,335 units at $2,386,208 compared to 671,200 units at $2,199,173 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
SSL Venture led trading for a second day, with 31.44 million shares for 84.3 percent of total volume followed by Dolla Financial with 1.54 million units for 4.1 percent of the day’s trade and Fosrich with 1.45 million units for 3.9 percent market share.
Market activity led to 43 securities trading versus 46 on Thursday and ended with 17 rising, 12 falling and 14 closing unchanged. At the close, the Junior Market Index lost 24.99 points to close at 4,149.55. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial fell $2.54 to $20.01 with the swapping of 5,389 shares, AMG Packaging advanced 10 cents to $3.85 with an exchange of 6,291 stock units, Caribbean Assurance Brokers popped 14 cents to end at $2.50, with 118,864 units crossing the market. Caribbean Cream declined 18 cents to $4.02 after trading 19,292 stock units, Consolidated Bakeries gained 10 cents in closing at $1.40 in exchanging 2,449 stock units, Dolla Financial lost 11 cents in ending at $2.84, with 1,538,020 units changing hands. Fontana climbed 22 cents to close at $10.20 in trading 82,022 shares, General Accident shed 40 cents in closing at $5.50 while exchanging 16,515 stocks, Lasco Financialrallied 27 cents to $2.97, with 1,000 units crossing the exchange. Limners and Bards dropped 14 cents to end at $2.74 after trading 15,500 stock units, 
Medical Disposables rose $1 to $7.20 in exchanging 1,000 stocks, SSL Venture increased 76 cents to close at $4.35, with 31,440,239 shares changing hands. Stationery and Office Supplies declined 10 cents in closing at $18.40 after exchanging 22,360 stocks and tTech rose 17 cents to $3.50 in switching ownership of one share.
In the preference segment, CAC 2000 9.5% preference share popped 11 cents to end at $1.16 with 672 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on junior Market
The most prominent trade on the Junior Market of the Jamaica Stock Exchange on Thursday was SSL Venture Capital accounting for nearly 92 percent of the day’s volume and pushing the volume of stocks traded up 560 percent more than on Wednesday, with the value surging 547 percent and leading to 46 securities trading versus 44 on the previous day, with 15 rising, 24 declining and seven closing unchanged.
The Junior Market Index rose 19.64 points to end at 4,174.54. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Overall, 67,565,648 shares were traded for $220,496,708 compared to 10,233,350 units at $34,092,043 on Wednesday. Trading averaged 1,468,818 shares at $4,793,407 versus 232,576 shares at $774,819 on Wednesday, with month to date, averaging 671,200 units at $2,199,173 compared to 244,567 units at $811,560 on the previous trading day. July closed with an average of 512,709 units at $2,574,304.
SSL Venture led trading with 61.87 million shares for 91.6 percent of total volume, followed by Dolla Financial with 1.58 million units for 2.3 percent of the day’s trade and Fosrich with 1.08 million units for 1.6 percent market share.
Investor’s Choice bid-offer indicator shows none ending with a bid higher than the last selling price and two with lower offers.
At the close, CAC 2000 dropped $1 to $7.50 with an exchange of 1,847 shares, Caribbean Assurance Brokers shed 14 cents to end at $2.36, with 38,566 stocks clearing the market, Caribbean Cream increased 16 cents in closing at $4.20 after 237 units crossed the exchange. Consolidated Bakeries fell 10 cents to $1.30, with 31,244 stock units changing hands, Dolphin Cove declined $1 to close at $14.60 in exchanging 11,774 stocks, Elite Diagnostic lost 14 cents to end at $3.45 in trading 64,485 stock units. Everything Fresh gained 10 cents in closing at $1.38 after exchanging 16,872 units, General Accident climbed 40 cents to $5.90 after trading 11 shares and iCreate rallied 10 cents to $4.50 in an exchange of 469,507 stocks. Indies Pharma popped 33 cents to close at $3.18, with 15,875 stock units changing hands, Iron Rock Insurance declined 31 cents to end at $2.96, with 6,186 units crossing the market, Jamaican Teas slipped 14 cents to $2.52 in switching ownership of 126,700 shares. Lasco Financial dropped 10 cents in closing at $2.70 after exchanging 163,334 shares, Limners and Bards rose 14 cents to $2.88 after trading 18 stock units, Lumber Depot shed 32 cents to close at $2.86 with an exchange of 33,808 stocks. 
Mailpac Group advanced 13 cents to end at $2.46 with the swapping of 166,835 units, Main Event fell 33 cents to close at $7.17 while exchanging 6,030 stock units, Medical Disposables fell $1.10 in closing at $6.20 while exchanging 14,318 shares. SSL Venture rose 71 cents to $3.59 in trading 61,865,246 stocks, Stationery and Office Supplies declined $1.35 after ending at $18.50 with the swapping of 12,918 units and tTech popped 30 cents to $3.33, with 570 stocks changing hands.
In the preference segment, CAC 2000 9.5% preference share dropped 14 cents to close at $1.05 in exchanging 271 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
SSLVC boost trading on JSE market
The Jamaican stock market bounced on Thursday with the market indices moderately higher at the close, with the JSE Combined Index a measure of the overall market, rising 625.49 points to 382,871.73, with the volume and value of stocks traded rising sharply over Wednesday.
A total of 84,314,052 shares were traded with a value of $266.5 million, versus 16,659,338 shares in the overall market on the prior day. The JSE USD market ended with the value of stocks traded at US$5,629. The day’s trade was bolstered by 61,865,246 units of SSL Venture Capital trading for $202,120,915.
At the close, the All Jamaican Composite Index climbed 543.67 points to 420,869.32, the JSE Main Index rose 480 points to 369,336.69 and the JSE USD market Index slipped 2.01 points to 208.28.
The market’s PE ratio ended at 23.1 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.
