New listing for JSE US dollar market

Productive Business 9.25% preference share was added to the Jamaica Stock Exchange US dollar market this week with the trading on Friday and rising by the close. The volume of stocks traded in the overall market on Friday, climbed 17 percent, with 8 percent less value than on Thursday, resulting in seven securities traded, similar to Thursday and ended with three rising, four declining and none ending unchanged.
Overall, 3,796,627 shares were traded for US$51,064 compared to 3,235,927 units at US$55,292 on Thursday.
Trading averaged 542,375 shares at US$7,295 versus 462,275 units at US$7,899 on Thursday, with a month to date average of 87,926 shares at US$4,746 versus 68,044 units at US$4,634 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 0.66 points to end at 215.55.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. 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 shed 0.08 of a cent to end at 6.82 US cents in swapping 6,367 shares, Proven Investments fell 1 cent to 20 US cents with a transfer of 500 units, Sterling Investments popped 0.02 of a cent to 2.11 US cents after trading 28,086 stock units. Sygnus Credit Investments USD share lost 1.21 cents to close at 9.77 US cents, with 2,000 stocks crossing the exchange and Transjamaican Highway gaining 0.03 of a cent to end at 1.02 US cents after exchanging 3,757,139 units.
In the preference segment, the newly listed Productive Business 9.25% preference share rose US$0.50 to a new high of US$10.50 with investors transferring 894 stock units and JMMB Group 5.75% declined 4 cents to US$1.76 after exchanging 1,641 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

6 days of gains for JSE US dollar market

The Jamaica Stock Exchange US dollar market rose for a sixth consecutive on Thursday, with a 175 percent rise in the volume of stocks exchanged, and a 214 percent rise in value over Wednesday, resulting in the trading of seven securities, compared to eight on Wednesday, with four rising, one declining and two ending unchanged.
Investors traded 3,235,927 shares for US$55,292, sharply up from 174,023 units at US$17,600 on Wednesday.
Trading averaged 462,275 units at US$7,899 from 21,753 shares at US$2,200 on Wednesday, with a month to date average of 68,044 shares at US$4,634 compared to 50,007 units at US$4,485 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 6.54 points to end at 216.21.
The PE Ratio, a measure used in computing appropriate stock values, averages 9. 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 ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share climbed 0.97 of one cent to 6.9 US cents after exchanging 159,937 shares, Productive Business Solutions increased 6.75 cents to US$1.39 after 681 units were traded, Proven Investments rose 2 cents to close at 21 US cents with investors trading 61,193 stocks. Sygnus Credit Investments USD share remained at 10.98 US cents as investors exchanged 10,564 stock units, Sygnus Real Estate Finance USD share dropped 0.01 of a cent to end at 12.37 US cents with the swapping of 3,545 stocks and Transjamaican Highway rallied 0.06 of a cent to end at 0.99 of one US cent after a transfer of 3,000,000 shares.
In the preference segmentEppley 6% preference share ended at US$1.13 after 7 units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE US dollar market gains

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks exchanged by investors rising 19 percent, with a 36 percent lesser value than on Tuesday, resulting in the trading of eight securities, compared to seven on Tuesday with one rising, two declining and five ending unchanged.
Overall, 174,023 shares were traded for US$17,600 compared to 145,974 units at US$27,536 on Tuesday.
Trading averaged 21,753 units at US$2,200 compared with 20,853 shares at US$3,934 on Tuesday, with a month to date average of 50,007 shares at US$4,485 down from 51,566 units at US$4,611 on the previous day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index gained 0.98 points to end at 209.67.
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 the bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share slipped 0.07 of a cent to 5.93 US cents after trading 140,971 shares, Productive Business Solutions ended at US$1.3225 with one stock unit changing hands, Proven Investments remained at 19 US cents, with an exchange of 27,877 units. Sterling Investments dipped 0.01 of a cent to 2.09 US cents, with 70 stocks clearing the market and Sygnus Credit Investments USD share remained at 10.98 US cents with investors transferring 1,650 shares.
In the preference segmentEppley 6% preference share ended at US$1.13 with an exchange of one stock unit, Equityline Mortgage Investment preference share ended at US$1.85 as investors exchanged one share and JMMB Group 6% rallied 4.99 cents to close at US$1.0899, with 3,452 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for JSE USD Market

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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 segmentJMMB 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.

Trading dropped on the JSE USD market

Trading slipped on the Jamaica Stock Exchange US dollar market on Monday, with a 41 percent decline in the volume of stocks exchanged as the value dipped 45 percent lower than in market activity on Friday, resulting in eight securities changing hands, similar to Friday and ended with two rising, two declining and four ending unchanged.
Trading ended with 278,103 shares valued US$16,872 down from 468,198 units at US$30,924 on Friday.
Trading averaged 34,763 shares at US$2,109 compared to 58,525 units at US$3,866 on Friday, with a month to date average of 53,123 shares at US$4,645, down from 54,253 units at US$4,801 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 1.26 points to end at 203.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 ending with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 5 US cents with 5,129 shares crossing the exchange, MPC Caribbean Clean Energy ended at US$1 after exchanging 22 units, Proven Investments closed at 21 US cents after finishing trading 67,536 stock units. Sterling Investments ended at 2.1 US cents after a transfer of 300 stocks, Sygnus Credit Investments J$ share advanced 0.01 of a cent to 15 US cents while exchanging 529 units, Sygnus Credit Investments USD share gained 0.01 of a cent to 10.97 US cents trading 3,130 stock units and Transjamaican Highway shed 0.01 of a cent in closing at 0.93 of one US cent after 200,650 stocks crossed the market.
In the preference segmentJMMB Group 6% fell 1 cent to end at US$1.04 with an exchange of 807 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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 $5.84 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.

Trading climbs on the JSE US dollar market

Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged rising 109 percent, valued 15 percent lower than in trading on Thursday, resulting in action in eight securities, compared to four on Thursday with three rising, one declining and four ending unchanged.
Overall, 468,198 shares were traded for US$30,924 compared to 223,783 units at US$36,555 on Thursday.
Trading averaged 58,525 shares at US$3,866 versus 55,946 units at US$9,139 on Thursday, with the month to date averaging 54,253 shares at US$4,801 versus 53,973 units at US$4,863 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 0.96 points to end at 202.62.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. 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 prices and none with a lower offer.
At the close, First Rock Real Estate USD share remained at 5 US cents, with 301,294 shares crossing the market, MPC Caribbean Clean Energy ended at US$1 with a transfer of 2 stock units, Proven Investments popped 1 cent to 21 US cents and closed with 44,288 units changing hands. Sygnus Credit Investments USD share advanced 1.96 cents to close at 10.96 US cents, with 1,963 stocks clearing the market and Transjamaican Highway gained 0.04 of a cent in closing at 0.94 of one US cent as investors exchanged 117,255 stocks.
In the preference segmentEppley 6% preference share ended at US$1.13 after exchanging 15 shares, JMMB Group 5.75% fell 5 cents to close at US$1.75, with 2,881 stock units crossing the exchange and JMMB Group 6% remained at US$1.05 in switching ownership of 500 units.

Trading jumps on JSE US dollar market

Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 83 percent and valued 75 percent more than on Wednesday, resulting from trading of four securities, similar to Wednesday with one rising, three declining with none unchanged.
Overall, 223,783 shares traded, for US$36,555 up from 122,203 units at US$20,869 on Wednesday. Trading averaged 55,946 units at US$9,139 versus 30,551 shares at US$5,217 on Wednesday, with a month to date average of 53,973 shares at US$4,863 versus 53,906 units at US$4,718 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 2.03 points to end at 201.66.
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 no 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 rose 0.99 of a cent to 5 US cents in exchanging 120,250 shares, Proven Investments shed 0.55 of one cent in closing at 20 US cents while trading 4,122 stocks and Sygnus Credit Investments USD share dropped 1 cent to end at 9 US cents with the swapping of 78,411 units.
In the preference segmentJMMB Group 6% dipped 5 cents after ending at US$1.05, with 21,000 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rising JSE USD stocks edge out decliners

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 153 percent jump in the volume of stocks exchanged, with a 205 percent higher value than on Tuesday, resulting in four securities trading, compared to five on Tuesday with the prices of two rising, one declining and one ending unchanged.
Overall, 122,203 shares traded for US$20,869, up from 48,397 units at US$6,844 on Tuesday.
Trading averaged 30,551 shares at US$5,217 versus 9,679 units at US$1,369 on Tuesday, with a month to date average of 53,906 shares at US$4,718 versus 54,726 units at US$4,700 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index slipped 0.11 points to end at 199.63.
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 none ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share shed 0.99 of one cent to close at 4.01 US cents after trading 12,900 shares, Proven Investments rallied 0.04 of a cent in ending at 20.55 US cents after the trading of 100,064 units, Sygnus Credit Investments USD share ended at 10 US cents trading 7,239 stocks and Transjamaican Highway gained 0.08 of a cent to 0.9 of one US cent, with 2,000 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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 segmentJMMB 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.