Trading on Tuesday ended with the volume of shares changing hands rising 253 percent as 451 percent more funds entered the market than on Monday at the close of the Jamaica Stock Exchange US dollar market, resulting in six securities trading, compared to eight on Monday with one rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 1.43 points to end at 221.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.7 based on ICInsider.com earnings forecasts for companies with financial year ending, up to August 2023.
A total of 994,124 shares were traded, for US$93,195 compared to 281,548 units at US$16,917 on Monday. Trading averaged 165,687 units at US$15,533, compared to 35,194 shares at US$2,115 on Monday, with a month to date average of 116,613 shares at US$5,551 versus 111,260 units at US$4,463 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two stocks with lower offers.
At the close, Margaritaville remained at 16 US cents with the swapping of 60 shares, Proven Investments shed 0.29 of a cent to close at 24.71 US cents with 291,088 stocks changing hands, Sterling Investments declined 0.01 of a cent to end at 2.27 US cents in switching ownership of 171,082 stock units. Sygnus Credit Investments USD share dropped 0.1 of a cent after ending at 12.85 US cents while exchanging 101,766 units and Transjamaican Highway rose 0.07 of a cent in closing at 1.09 US cents, 429,590 stock units crossing the market.
In the preference segment, JMMB Group 5.75% ended unchanged at US$2.03 after exchanging 538 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks fall on the JSE USD market
Fall for JSE Main Market as Junior Market rises
The Jamaica Stock Exchange Main Market recorded another day of losses on Tuesday with all three Main Market indices closing lower than on Monday, but the Junior Market rose for a second day and the Combined Index fell 185 points to end at 407,972.06.
The All Jamaican Composite Index fell 1,006.71 points to 448,908.04, the JSE Main Index dipped 541 points to end at 395,486.96. The Junior Market index jumped 36.21 points to end at 4, 246.73 and the JSE USD market index slipped 1.43 points to 221.80.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 12.9 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should make use of the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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 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.
Stocks drop on the Trinidad Stock Exchange
Market activity ended on Tuesday with more stocks declining than rising, leaving the market index with a big loss as the volume and value of stock trading fell 48 percent and 54 percent, respectively, than on Monday, at the close of the Trinidad and Tobago Stock Exchange.
Nineteen securities traded, down from 24 on Monday, with three rising, nine declining and seven closing unchanged.
The Composite Index lost 34.07 points to settle at 1,420.95, the All T&T Index fell 32.87 points to settle at 2,040.87 and the Cross-Listed Index lost 4.95 points to settle at 106.08.
A total of 460,033 shares traded for $5,267,557 down from 876,591 units at $11,470,015 on Monday. An average of 24,212 units traded at $277,240 compared to 36,525 shares at $477,917 on Monday, with trading month to date averaging 56,405 units at $470,274 versus 60,624 units at $495,568. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows one stock ended with a higher bid than the last selling price and one with a lower offer.
At the close, Agostini’s declined 10 cents to $46 while exchanging 1,135 shares, Angostura Holdings rallied $1.70 in closing at $22 after trading 1,651 units, Ansa McAl shed 50 cents to end at $57, with 3,076 stock units clearing the market. Calypso Macro Investment Fund remained at $19 in trading five stocks, Clico Investment Fund dropped 50 cents to $29 after trading 15,997 stocks, First Citizens Group fell 40 cents to end at $50.60 after exchanging 1,048 stock units. FirstCaribbean International Bank lost 15 cents in ending at a 52 weeks’ low of $5.80 after 3,000 units crossed the market, GraceKennedy finished at $6 with the swapping of 190,499 shares, Guardian Holdings ended at $27.01 after 100 shares crossed the exchange. JMMB Group ended unchanged at $2.42 in switching ownership of 10,388 units, Massy Holdings dropped 7 cents to close at $5.53 in exchanging 64,270 stocks, National Enterprises gained 1 cent to $3, with 260 stock units changing hands. NCB Financial Group finished at $6.10 in an exchange of 47,986 stocks, Prestige Holdings lost 30 cents to end at $6.80 as just seven stock units passed through the market, Republic Financial Holdings declined 7 cents in closing at $141, with 856 units crossing the market. Scotiabank shed 50 cents to end at $80, with 5,650 shares changing hands, Trinidad & Tobago NGL increased 10 cents to end at $20.60 with an exchange of 26,865 shares, Unilever Caribbean remained at $16 after 66,196 stock units crossed the market and West Indian Tobacco remained at $23.99 in trading 21,044 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading on the JSE USD Market drops
Trading closed on the Jamaica Stock Exchange US dollar market on Monday, with the volume of shares changing hands declining 80 percent with 58 percent less value than on Friday, resulting in more stocks rising than falling.
A total of eight securities traded, up from seven on Friday, with three rising, one declining and four ending unchanged. The JSE US Denominated Equities Index lost 2.62 points to end at 223.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. The PE ratio is based on ICInsider.com earnings forecasts for companies with financial years ending August 2022 and August 2023.
Overall, 281,548 shares traded for US$16,917 compared to 1,417,291 units at US$40,251 on Friday.
Trading averaged 35,194 units at US$2,115 compared to 202,470 shares at US$5,750 on Friday, with a month to date average of 111,260 shares at US$4,463 versus 124,207 units at US$4,862 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share finished at 7.6 US cents with an exchange of 1,081 shares, Margaritaville remained at 16 US cents in exchanging 341 units, MPC Caribbean Clean Energy ended unchanged at US$1.26, with 200 stocks crossing the exchange. Proven Investments lost 0.95 cents ending at 25 US cents, with 44,294 stock units crossing the market, Sterling Investments advanced 0.28 cents to end at 2.28 US cents, with the swapping of 67,175 stock units, Sygnus Credit Investments USD share finished at 12.95 US cents in trading 18,257 shares. Sygnus Real Estate Finance USD share rose 2.65 cents to close at 14.7 US cents, with 200 units clearing the market and Transjamaican Highway rallied 0.02 cents to end at 1.02 US cents in an exchange of 150,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fall for JSE Main Market gains for Juniors
The Jamaica Stock Exchange Main Market recorded another day of losses on Monday, with all three Main Market indices closing lower than Friday, but the Junior Market rose. The Combined Index fell 786.58 points to end at 408,157.06.
The All Jamaican Composite Index fell 1,183.04 points to 449,914.75, the JSE Main Index dipped 940.51 points to end at 396,027.96. The Junior Market index popped 10.58 points to end at 4, 210.52 and the JSE USD market index slipped 2.62 points to 223.23.
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 13 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should make use of the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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 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.
Trading surged Monday on TTSE
Trading surged on Monday over Friday, with 93 percent more shares changing hands with a 216 percent higher value at the close of the Trinidad and Tobago Stock Exchange, resulting in more stocks falling than rising at the close.
A total of 24 securities traded compared to 21 on Friday, with five stocks rising, ten declining and nine remaining unchanged. The Composite Index popped 5.02 points to 1,455.02, the All T&T Index lost 2.15 points to end at 2,073.74 and the Cross-Listed Index advanced 1.78 points to close at 111.03.
Overall 876,591 shares traded for $11,470,015 compared to 453,136 units at $3,627,650 on Friday. An average of 36,525 units traded at $477,917 compared to 21,578 shares at $172,745 on Friday, with trading month to date averaging 60,624 units at $495,568 versus 65,404 units at $499,069. The average trade for March amounts to 36,197 units at $438,630.
Investor’s Choice bid-offer indicator shows two stocks ending with a bid higher than their last selling prices and two with lower offers.
At the close, Agostini’s finished at $46.10, trading 6,667 shares, Angostura Holdings shed $1.70 to end at $20.30 after an exchange of 1,170 stock units, Ansa McAl remained at $57.50, with 340 units crossing the market. Calypso Macro Investment Fund ended unchanged at $19 in an exchange of 6 stocks, Clico Investment Fund finished at $29.50 with 44,711 stock units changing hands, First Citizens Group dropped 99 cents to close at $51 after trading 3,100 stocks. FirstCaribbean International Bank remained at $5.95, with ten shares crossing the market, GraceKennedy rose 70 cents to $6 with the swapping of 369,455 units, Guardian Holdings declined 39 cents to end at $27.01 in exchanging 46,984 stocks. JMMB Group popped 13 cents to $2.42 after exchanging 394 units, L.J. Williams B share lost 3 cents to close at $1.97 in trading 25 shares, Massy Holdings fell 14 cents to $5.60 in switching ownership of 10,081 stock units. National Enterprises finished at $2.99 while 9,260 stocks changed hands, National Flour Mills fell 5 cents to $1.55, with 35,545 units crossing the exchange, NCB Financial Group shed 60 cents to end at a 52 weeks’ low of $6.10, with 6,348 shares clearing the market. One Caribbean Media rallied 5 cents to $4.18 after trading 9,325 stock units, Point Lisas remained at $3.50 in trading 20 stocks, Prestige Holdings gained 20 cents to $7.10, with 46,010 shares changing hands. Republic Financial Holdings climbed 7 cents to end at $141.07 after exchanging 2,979 units, Scotiabank lost 50 cents to close at $80.50 after trading 400 stock units, Trinidad & Tobago NGL declined 12 cents to close at $20.50 with an exchange of 2,074 shares. Trinidad Cement dipped 2 cents to $3.50 in exchanging 36,000 stock units, Unilever Caribbean ended unchanged at $16 with an exchange of 111,825 units and West Indian Tobacco finished at $23.99, trading 133,862 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.