On Wednesday, trading on the Jamaica Stock Exchange US dollar market ended with the volume of stocks declining by 16 percent with a 12 percent higher value than traded Tuesday, resulting in trading in 11 securities, similar to Tuesday with four rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index fell 1.15 points to end at 223.61.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
A total of 365,713 shares traded for US$39,700 compared to 433,985 units at US$35,454 on Tuesday. Trading averaged 33,247 units at US$3,609, versus 39,453 shares at US$3,223 on Tuesday, with a month to date average of 51,603 shares at US$3,211 versus 63,480 units at US$2,953 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows none ending with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share lost 0.9 of a cent in ending at 7.05 US cents while exchanging 51,317 shares, Margaritaville remained at 15.99 US cents in trading 14 stocks, MPC Caribbean Clean Energy ended unchanged at US$1.26, with one stock unit crossing the market. Productive Business Solutions climbed 1 cent to close at US$1.19 with the swapping of two units, Proven Investments rose 0.19 of a cent to 25.99 US cents, with 83,622 shares changing hands, Sterling Investments advanced 0.07 of a cent to 2.17 US cents trading two units. Sygnus Credit Investments USD share finished at 12.95 US cents in an exchange of 100,750 shares and Transjamaican Highway declined 0.04 cents in closing at 0.98 US cents, with 130,000 stocks clearing the market.
In the preference segment, Equityline Mortgage Investments preference share remained at US$1.999 in exchanging one share. JMMB Group 5.75% ended unchanged at US$2.02 after two units were traded and JMMB Group 6% increased 0.23 of a cent to end at US$1.10 trading two stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading remains elevated on JSE USD Market
Two JSE markets rise one fall
The Jamaica Stock Exchange three markets enjoyed mixed fortunes at the close of trading on Wednesday, with Main and Junior Markets recording gains, but the JSE USD market slipped modestly. The JSE Combined Index rose 1,616.71 points to close at 415,445.40.
The All Jamaican Composite Index climbed 2,293.01 points to 458,821.97, the JSE Main Index rallied 1,632.06 points to end at 401,425.56, the Junior Market rose 9.99 points to 4,462.21 and the JSE USD market index lost 1.15 points to end at 223.61.
Trading ended with an exchange of 24,826,294 shares in all markets. The value of stocks traded in the Main and Junior Markets totalled $446.3 million and the JSE USD market amounts to US$363,713.
The market’s PE ratio ended at 26.6 based on 2021-22 earnings and 14.6 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 use 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 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.
Winners share spoils with losers on TTSE
Market activity ended on Wednesday, with the volume of stocks traded, declining 46 percent and the value down 36 percent from that on Tuesday, at the close of the Trinidad and Tobago Stock Exchange.
A total of 22 securities traded compared to 18 on Tuesday, with rising and declining stocks ended with seven each, with eight remaining unchanged. The Composite Index popped 2.99 points to settle at 1,451.31, the All T&T Index climbed 4.15 points to 2,078.55 and the Cross-Listed Index rose 0.24 points to settle at 109.24.
A total of 421,219 shares traded for $5,464,816 compared to 781,739 units at $8,543,020 on Tuesday. An average of 19,146 units traded at $248,401 compared to 43,430 shares at $474,612 on Tuesday, with trading month to date averaging 430,074 units at $350,203. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than their last selling prices and four stocks with lower offers.
At the close, Agostini’s rallied 99 cents in closing at $48.50 after exchanging 3 shares, Angostura Holdings remained at $22.90 in switching ownership of 881 stock units, Ansa McAl finished at $57.60 with the swapping of 458 stocks. Calypso Macro Investment Fund climbed $1.27 to end at $18.02 after exchanging 200 units, CinemaOne dropped 36 cents to a 52 weeks’ low of $2.89 trading 101 stocks, Clico Investment Fund ended unchanged at $29.75 in exchanging 68,547 units. First Citizens Group lost $1.80 in ending at $52.20 with an exchange of 436 stock units, GraceKennedy gained 12 cents to end at $6.12, with 50 shares crossing the exchange, Guardian Holdings advanced $1.03 to $28.03 trading 5 stocks. JMMB Group fell 2 cents to close at $2.52 in trading 85,874 stock units, L.J. Williams B share declined 7 cents to $1.70 in an exchange of 9,219 shares, Massy Holdings shed 3 cents to end at $5.12 after 89,646 units changed hands. National Enterprises increased 5 cents to end at $3 while exchanging 32,812 shares, National Flour Mills lost 2 cents in ending at $1.78 after 20 stocks crossed the market, Point Lisas popped 5 cents in closing at $3.45 with 20 units clearing the market. Prestige Holdings ended unchanged at $7.10 after trading 49 stock units, Republic Financial Holdings remained at $141, with 105 stock units changing hands, Scotiabank shed 97 cents to end at $81 with the swapping of 9 units. Trinidad & Tobago NGL rose 8 cents in closing at $20.65 after an exchange of 102,598 shares, Trinidad Cement finished at $3.88 in exchanging 5,054 stocks, Unilever Caribbean ended at $16.15, with 23,986 units crossing the market and West Indian Tobacco finished at $24 with an exchange of 1,146 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Expanded trading for JSEUSD market
At the close, First Rock Capital USD share remained at 7.95 US cents in switching ownership of 8,290 shares, Margaritaville fell 0.01 of a cent after ending at 15.99 US cents, with 634 stocks clearing the market, MPC Caribbean Clean Energy ended unchanged at US$1.26 trading 2 stock units. Productive Business Solutions fell 1 cent to US$1.18 in an exchange of three units, Proven Investments lost 0.19 of a cent in closing at 25.8 US cents and 78,144 shares crossing the market, Sterling Investments declined 0.1 of a cent in closing at 2.1 US cents and trading 13,110 stocks. Sygnus Credit Investments USD share finished at 12.95 US cents, with 47,993 units changing hands, Sygnus Real Estate Finance USD share shed 1.69 cents to close at 13 US cents while exchanging 145 stock units and Transjamaican Highway ended unchanged at 1.02 US cents with the swapping of 283,196 stock units.
In the preference segment, JMMB Group 5.75% shed one cent in ending at US$2.02 in trading 2,467 stocks and JMMB Group 6% declined 0.23 of a cent to close at US$1.0977 in trading one unit.
Gains for TTSE after the holiday break
Market activity ended on Tuesday after breaking for a public holiday on Monday resulting in more stocks rising than falling at the close of trading, on the Trinidad and Tobago Stock Exchange trading 42 percent less shares, with 38 percent lower value than on Friday,
A total of 18 securities traded compared to 20 on Friday, with eight stocks rising, three declining and seven remaining unchanged. The Composite Index jumped 12.18 points to 1,448.32, the All T&T Index popped 1.74 points to 2,074.40 and the Cross-Listed Index increased 3.27 points to settle at 109.00.
Overall, 781,739 shares traded for $8,543,020 compared to 1,350,647 units at $13,815,569 on Friday. An average of 43,430 units traded at $474,612, down from 67,532 shares at $690,778 on Friday. The average trade for April amounts to 43,127 units at $458,871.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s rallied 51 cents to $47.51 in trading 112 shares, Angostura Holdings fell 5 cents to end at $22.90 with an exchange of 98 stocks, Ansa McAl remained at $57.60 after trading 70 stock units. Clico Investment Fund ended unchanged at $29.75 after 55,693 units crossed the market, First Citizens Group rose $1.99 to close at $54, with 1,328 stocks changing hands, GraceKennedy finished at $6, with 485,052 stock units crossing the exchange. Guardian Holdings dropped $1.30 in closing at $27 after swapping 100 units, JMMB Group remained at $2.54 after exchanging 40 shares, Massy Holdings popped 5 cents to $5.15, with 98,191 stock units clearing the market. NCB Financial Group climbed 45 cents to end at $6.50 after exchanging 50 shares, One Caribbean Media increased 18 cents in closing at $4.18 while trading 10,070 units, Point Lisas declined 10 cents to end at $3.40 with 7,500 stocks changing hands. Prestige Holdings ended unchanged at $7.10 after 30 units crossed the market, Republic Financial Holdings gained $1 in ending at $141 in an exchange of 87 stock units, Scotiabank advanced 97 cents to close at $81.97 in switching ownership of 12,079 shares. Trinidad & Tobago NGL finished at $20.57 in exchanging 1,985 stocks, Unilever Caribbean finished at $16.15 and closed, with 37,366 stock units changing hands and West Indian Tobacco advanced 15 cents to end at $24 in exchanging 71,888 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks push down all JSE markets
The Junior Market of the Jamaica Stock Exchange continues to scale new heights with the market index surging to a record high of 4,543.70 just short of an hour of trading but failed to hold on to the 4,500 points handle, and closing with a loss of 33.10 points to close at 4,452.22. Main Market stocks finished down for the day with the JSE Combined Index slipping 533.83 points to close at 413,828.96.
The All Jamaican Composite Index fell 305.19 points to 456,528.96, the JSE Main Index declined 256.15 points to end at 399,793.50 and the JSE USD market index lost 0.40 points to 224.76.
Trading ended with an exchange of 27,094,524 shares in all markets. The value of stocks traded in the Main and Junior Markets totalled $240.5 million and the JSE USD market amounts to US$35,454.
The market’s PE ratio ended at 25.4 based on 2021-22 earnings and 14.1 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 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.