JSE US dollar market ends week quietly as two stocks recorded price changes. The new listing at the start of the week Trans Jamaican Highway dominated trading from its listing on Tuesday. It continued its dominance of the JSE US dollar market on Friday, accounting for 92.6 percent of the day’s volume, with the price remaining unchanged at the close.
At the close of trading, five securities changed hands, accounting for 2,129,328 units exchange for a value of US$64,366, in contrast to 5,389,685 units for $89,826 on Thursday. The market Index advanced 0.60 points to close at 197.53, with a loss of 12.7 percent for the year to date. The average PE ratio for US dollar-listed stocks is 20.7 times 2019 earnings but with the typical average being just under 14 when excluding the large ones.
In Trading, First Rock Capital shed 0.6 of a cent in trading 37,750 units to finish at 8.4 US cents, JMMB Group 6% preference share traded 15,000 units at US$1, Proven Investments ended at 24 US cents, with 83,966 shares changing hands. Sygnus Credit Investments fell 1 cent to close at 12 US cents, after swapping 33,122 units and Trans Jamaican Highway exchanged 2,129,328 units and closed at the listing price of 1 US cent but traded at an all-time intraday high of 1.09 US cents.
Prices of securities trading are those for the day’s last transaction unless otherwise stated.
Trans Jamaica Highway commenced trading in the US dollar market having been listed at the start of trading and dominated market activity 86 percent of the day’s volume.
Main Market stock suffering significant declines include NCB Financial $1.55, Caribbean Cement $2, PanJam Investments $2.01, Scotia Group $2, Sygnus Credit $3.30 and Wisynco off $2.45.
The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Pulse Investments announced expansion into residential real estate development for sales and the retention of some units. The stock was added to the Main Market TOP 10 in 2019 and is on the verge of moving out, with increased buying interest. KLE Group announced the buy-out of the Tacks and Records restaurant in Montego Bay that will add significantly to revenues and boost profitability. KLE is one to watch. Proven Investments announced another stock offering, this time to the wider public. The move with help to boost broader interest in the stock as it pulls in new shareholders.
The JSE Main Market ended the week, with an overall PE of 21.2 and the Junior Market 14.6, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market 10.2.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 132 percent for JSE Main Market based mostly on 2019 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The projected increase for each stock is ranked, with highest-ranked being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Ten JSE Main Market stocks doubled in price in 2019 with the 
With the final days of 2019 draws to a close, investors looking back must ponder how the JSE Main Market stocks outperformed the Junior Stocks by a considerable margin, by growth in the market indices and the number of shares with triple-digit gains.
Still, they were replaced this week, by Honey Bun and tTech, in at number 9 and 10 positions, respectively. There were no changes to the TOP 10 listing for Main Market stocks.
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. Possible gains for each stock are ranked in descending order, with the highest-ranked being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
The JSE Main Market TOP 10 had just stock leaving with 
Radio Jamaica still holds on to the lead for Main Market stocks, with an expected increase of 236 percent, followed by Pulse Investments in the number two spot with projected growth of 205 percent and Sygnus US dollar-denominated stock with likely gains of 186 percent, is next.