Market activity ended on Tuesday, with the volume of shares trading declining 24 percent, but the value surged 38 percent higher than Monday on the Jamaica Stock Exchange Main Market as rising and falling stocks were close to evenly matched, but the market indices declined the close of trading.
The All Jamaican Composite Index dropped 1,389.99 points to settle at 432,905.41, the JSE Main Index fell 2,176.27 points to 385,233.79 and the JSE Financial Index shed 0.48 points to settle at 93.31.
Trading ended with 55 securities compared to 58 on Monday, with 20 rising, 22 declining and 13 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 41,007,581 shares were exchanged for $237,565,083 versus 54,167,221 units at $171,730,659 on Monday. JMMB Group 7.5% led trading with 23.07 million shares for 56.3 percent of total volume, followed by Wigton Windfarm with 10.01 million units for 24.4 percent of the day’s trade. Transjamaican Highway ended with 2.34 million units for 5.7 percent market share, Sagicor Select Financial Fund traded 1.12 million units in controlling 2.7 percent market share.
Trading averages 745,592 units at $4,319,365, compared to 933,918 shares at $2,960,873 on Monday and month to date, an average of 466,578 units at $5,868,903, compared to 446,751 units at $5,979,012 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cement increased $1 in closing at $70 after trading 64,655 shares, Eppley Caribbean Property Fund rallied $2.70 to close at $40.70 while exchanging 527 stocks, First Rock Capital advanced 72 cents to end at $11.95 after exchanging 19,356 units. GraceKennedy fell 90 cents to $102.10, trading 47,982 stock units, Guardian Holdings rose $17 to $545 in exchanging 2,216 stocks, Jamaica Producers climbed $1.90 to $23.30 in switching ownership of 55,779 units. Jamaica Stock Exchange popped 30 cents in ending at $17 after trading 26,277 shares, Kingston Properties dropped 30 cents in closing at $8.20 with the swapping of 2,056 stock units, Kingston Wharves gained $1.95 to end at $41.95, with 39,663 units crossing the exchange. Massy Holdings shed $5 to close at $102 after an exchange of 30,158 stocks, Mayberry Investments declined 70 cents in closing at $6.37, with 84,530 stock units crossing the market, NCB Financial lost $3.69 to end at $112.02 in an exchange of 125,661 shares. PanJam Investment popped $1.90 to $67, with 23,987 stock units clearing the market, Proven Investments fell $1.90 to $34, with 71,350 stocks changing hands, Seprod shed $2.48 to close at $50.52 with an exchange of 13,472 shares. 
Supreme Ventures climbed 50 cents in closing at $18.50 after 390,090 units crossed the market, Sygnus Real Estate Finance declined $1.13 to $17 in exchanging 564 stock units and Wisynco Group rallied 75 cents to close at $19.75, trading 75,999 units.
In the preference segment, 138 Student Living Preference share rose 35 cents to $8.10, trading 636 shares and Jamaica Public Service 9.5% jumped $469.26 in ending at a record $3597.69 with an exchange of 11 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market bounces back
Trading closed on Tuesday, with the volume of stocks traded declining 43 percent and the value down by 49 percent from Monday at the close of the Jamaica Stock Exchange Junior Market with all 45 securities traded, up from 41 on Monday.
Trading ended with 20 stocks rising, 21 declining and four closing unchanged, leading to the Junior Market Index popping 43.25 points to settle at 4,056.67.
The PE Ratio, a measure used to compute appropriate stock values, averages 21.9. The PE ratio for stocks in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 27,861,205 shares traded for $97,674,911 compared to 49,008,399 units at $190,021,639 on the Monday. EduFocal led trading with 14.24 million shares for 51.1 percent of total volume, followed by JFP Limited, 3.07 million units with 11 percent of the day’s trade, Mailpac Group with 58 million units for 5.7 percent market share, Lasco Manufacturing with 1.55 million units for 5.6 percent market share. Lumber Depot with 1.55 million units controlling 5.6 percent market share and Future Energy Source with 1.35 million units for 4.8 percent market share.
Trading averaged 619,138 shares at $2,170,554 in contrast to 1,195,327 shares at $4,634,674 on Monday with the month to date averaging 616,634 units at $2,341,670, compared to 616,440 units at $2,354,900 on the previous day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rose 20 cents to end at $21 after trading 161 shares, AMG Packaging popped 15 cents in closing at $3.10 after exchanging 8,200 units, CAC 2000 lost 34 cents after ending at $7.55, with 1,363 stock units crossing the market. Cargo Handlers increased $3.05 to $11.55 and closed trading with 4,364 stocks, Caribbean Assurance Brokers declined 14 cents to close at $2.10 after 193,028 stocks crossed the market, Caribbean Cream shed 51 cents to end at $4.72 in exchanging 2,676 stock units. Caribbean Flavours gained 10 cents to close at $2.02 with 20,500 units changing hands, EduFocal rallied 12 cents to $3.27 after trading 14,239,618 shares, Fosrich fell 20 cents in closing at $16 in finishing trading with 3,350 shares. Future Energy Source advanced 16 cents to $6.15 in an exchange of 1,350,940 stock units, General Accident dropped 24 cents to $5.91 in exchanging 67,578 units, GWest Corporation declined 10 cents to 94 cents in switching ownership of 15,579 stocks. Iron Rock Insurance climbed 21 cents to $3.41 with the swapping of 96,745 units, ISP Finance shed $2.21 to close at $29.99 with an exchange of 160,889 stocks, Jamaican Teas climbed 12 cents in closing at $3.62 in trading 326,321 shares. 
KLE Group fell 20 cents to $2.65, with 41,960 stock units changing hands, Knutsford Express advanced 15 cents to end at $8 while exchanging 2,271 shares, Lasco Financial rose 22 cents to $3.42 in trading 4,276 stocks. Lasco Manufacturing popped 31 cents in closing at $4.90 while 1,554,527 units crossed the exchange, Limners and Bards gained 10 cents to close at $3.30 after exchanging 60,238 stock units, Lumber Depot lost 13 cents to close at $3.37 with 1,550,143 stock units switching owners. Mailpac Group rose 30 cents to $3.29 after 1,579,531 units changed hands, Main Event dropped 14 cents to $9 while exchanging 441,279 stocks and SSL Venture fell 20 cents to end at $2 after finishing trading of 333,461 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
IPO impact on stock exchange wanes
Trading was mixed on Tuesday with the Main Market declining and Junior Market recording moderate gain as the IPO impact on the market wanes with the two recent listed companies’ stock prices trading well down from their peak.
At the close of trading the Combined Index dropped 1,653.45 points to 396,685.12, the All Jamaican Composite Index dipped 1,389.99 points to end at 432,905.41 and the JSE Main Index declined by 2,176.27 to end at 385,233.79 but the Junior Market Index rose 43.25 points to close at 4056.67.
The market’s PE ratio ended at 21.7 based on 2021-22 earnings and 12.4 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 picks up on JSE USD Market
Trading on Monday, ended on the Jamaica Stock Exchange US dollar market with the volume of shares changing hands jumping 169 percent more than on Friday with 62 percent higher value as five securities traded, compared to six on Friday with three rising, none declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 0.18 points to end at 204.98.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.7. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 143,192 shares traded, for US$22,509 compared to 53,317 units at US$13,919 on Friday. Trading averaged 28,638 units at US$4,502, compared to 8,886 shares at US$2,320 on Friday, with the month to date averaging 52,780 shares at US$5,270 versus 54,122 units at US$5,313 on Friday. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two stocks with lower offers.
At the close, First Rock Capital USD share popped 0.01 of a cent to 8.5 US cents, with 50 shares changing hands, Margaritaville increased 1.95 cents in ending at 19.95 US cents in exchanging 11 units, Proven Investments ended at 23.4 US cents trading 89,381 stocks. Sygnus Credit Investments USD share rose 0.45 cents to close at 12.95 US cents after 9,415 stock units crossed the exchange and Transjamaican Highway ended unchanged at 0.88 of a US cent in an exchange of 44,335 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market bounce
Market activity ended on the Jamaica Stock Exchange Main Market on Monday, with the volume of shares trading rising 136 percent and the value increasing 13 percent higher than on Friday as stocks rising and declining were equal in number but led to the market indices popping higher.
The All Jamaican Composite Index jumped 5,036.59 points to close at 434,295.40, the JSE Main Index rose 3,059.12 points to 387,410.06 and the JSE Financial Index increased 1.43 points to settle at 93.79.
Trading ended with 58 securities versus 59 on Friday, with rising and declining stocks sharing 23 each and 12 ended unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratio for the JSE Main and USD Market closing quotes is based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 54,167,221 shares traded for $171,730,659 versus 22,970,250 units at $151,749,632 on Friday. Wigton Windfarm led trading with 32.31 million shares for 59.7 percent of total volume, followed by JMMB Group 7.35% – 2028, 14.23 million units with 26.3 percent of the day’s trade and Sagicor Select Financial Fund with 3.03 million units for 5.6 percent market share.
Trading averages 933,918 units at $2,960,873, compared to 389,326 shares at $2,572,028 on Friday and month to date, an average of 446,751 units at $5,979,012, compared to 407,288 units at $6,223,499 on the previous trading day. February closed with an average of 392,520 units at $3,199,976.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed $1.19 in closing at $11.60 after an exchange of 4,766 shares, Caribbean Producers dropped 50 cents in ending at $14.50, with 252,566 stocks crossing the market, Eppley advanced $2.85 to $42.80 after exchanging 7,444 stock units. First Rock Capital fell 72 cents to $11.23, trading 4,016 units, GraceKennedy increased $1 to close at $103 after trading 178,518 stocks, Guardian Holdings gained $2 to end at $528 in switching ownership of 223 shares. Jamaica Stock Exchange fell 90 cents to $16.70 after exchanging 33,161 units, JMMB Group rose $1 to end at $42 with 68,169 stock units changing hands, Key Insurance declined 55 cents to close at $4.12 with the swapping of 5,309 shares. Kingston Properties shed $1 in closing at $8.50 in an exchange of 2,070 stocks, Kingston Wharves rallied 51 cents to $40 after 5,650 units crossed the exchange, Margaritaville declined $2.20 in closing at $22, with 84 stock units crossing the market. Massy Holdings dropped $2 to close at $107 with 165,400 units changing hands, Mayberry Investments popped 92 cents to $7.07 while exchanging 216 shares, Mayberry Jamaican Equities climbed 78 cents to end at $7.89, with 21,200 stocks clearing the market. 
NCB Financial rose 71 cents to $115.71, with 37,858 stock units changing hands, Palace Amusement lost $25 in ending at $950 in trading 33 stocks, PanJam Investment fell $2.89 in closing at $65.10 in switching ownership of 606 shares. Portland JSX rallied 72 cents to close at $8.17 after trading 5,325 units, Scotia Group dropped 44 cents to end at $34.65 in exchanging 38,534 stock units, Seprod lost $1 in closing at $53 after 5,335 shares changed hands. Supreme Ventures gained 40 cents to end at $18 in exchanging 240,147 stocks, Sygnus Real Estate Finance rose $1.63 to $18.13, with 8,108 units crossing the exchange and Victoria Mutual Investments fell 45 cents to close at $6.30 in trading 66,161 stock units.
In the preference segment, JMMB Group 7.25% preference share shed 50 cents ending at $2.30 after trading 6,383 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading jumps prices drop
Trading jumped sharply by the close of the Jamaica Stock Exchange Junior Market on Monday, with the volume of stocks traded surging 68 percent more than on Friday as the value of stocks trading jumped 131 percent higher than the previous trading day.
Market activity led to 41 securities trading compared to 42 on Friday, with 15 rising, 21 declining and five closing unchanged. At the close, the Junior Market Index fell 38.77 points to settle at 4,013.42.
The PE Ratio, a measure used to compute appropriate stock values, averages 21.8. The PE ratio of each stock in the attacked chart is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 49,008,399 shares traded for $190,021,639 up from 29,255,984 units at $82,401,537 on the Friday. EduFocal led trading with 29.64 million shares and controlled 60.5 percent of total volume after trading at a record high, followed by JFP Limited with 5.42 million units for 11.1 percent of the day’s trade, Future Energy Source contributed 3.98 million units for 8.1 percent market share, iCreate had 1.57 million units changing hands for 3.2 percent market share and Fosrich ended with 1.52 million units for 3.1 percent of the trades.
Trading averaged 1,195,327 shares at $4,634,674 in contrast to 696,571 shares at $1,961,941 on Friday with the month to date, averaging 616,440 units at $2,354,900, up from 572,569 units at $2,182,126 on the previous trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three, with lower offers.
At the close, AMG Packaging dropped 20 cents to close at $2.95 after trading 111,476 shares, Cargo Handlers fell $3 to $8.50, with 4,059 stocks clearing the market, Caribbean Cream rallied 52 cents in closing at $5.23 after switching ownership of 33,000 stock units. Dolphin Cove increased $2 to $26, with 233,348 units crossing the market, Express Catering lost 19 cents to end at $5.06 trading 43,078 stock units, Fosrich shed 65 cents in closing at $16.20 while exchanging 1,519,918 shares. Jamaican Teas rose 13 cents to end at $3.50, with 486,088 stocks changing hands, KLE Group popped 65 cents to $2.85 with the swapping of 20,852 units, Knutsford Express declined 15 cents to close at $7.85 in trading 11,860 stocks. Lasco Distributors fell 22 cents in ending at $3.48 after 47,266 stock units crossed the market, Lasco Financial shed 24 cents in closing at $3.20 with an exchange of 40,868 units, Limners and Bards declined 15 cents to end at $3.20 in exchanging 294,766 shares. 
Lumber Depot dropped 13 cents to $3.50 in an exchange of 909,098 stocks, Main Event gained 81 cents ending at a 52 weeks’ high of $9.14 after an exchange of 460,045 units, Spur Tree Spices lost 14 cents to close at $3.46, with 497,787 shares changing hands. SSL Venture climbed 30 cents to close at $2.20 after exchanging 41,161 stock units, Tropical Battery advanced 16 cents after ending at $2.17 and trading 685,585 stocks and tTech lost 34 cents to end at 3.91 with 55,488 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
EduFocal rally runs out of steam
Since listing on the Junior Market on Tuesday last week, EduFocal jumped 306 percent from the IPO price of $1as it hit an all-time high of $4.06 on Monday and ran out of steam with nearly 30 million units traded valued more than $1.6 million, with the price pulling back to $3.15 at the close.
At the close of trading, the Combined Index jumped 2,519.74 points to 398,338.57, the All Jamaican Composite Index surged 5,036.59 points to end at 434,295.40 and the JSE Main Index rose 3,059.12 points to end at 387,410.06 and the Junior Market Index dropped 38.77 points to close at 4013.42.
The market’s PE ratio ended at 21.6 based on 2021-22 earnings and 12.3 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 prices down in Trinidad
Declining stocks overpowered those rising market activity on the Trinidad and Tobago Stock Exchange on Monday, following slightly fewer shares trading, but with a 31 percent higher value than on Friday.
Twenty two securities traded on Monday versus 21 on Friday, with three stocks rising, eight declining and 11 remaining unchanged.
The Composite Index fell 3.07 points to 1,452.86, the All T&T Index shed 8.17 points to end at 2,105.37 and the Cross-Listed Index rallied 0.33 points to settle at 105.67.
Overall 491,545 shares traded for $5,591,208 compared to 497,249 units at $4,251,322 on Friday. An average of 22,343 units traded at $254,146 compared to 23,679 shares at $202 averaging 33,689 units at $405,256 versus 34,688 at $418,553. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and no stock with a lower offer.
At the close, Agostini’s shed 5 cents in ending at $49.95 after trading 1,946 shares, Angostura Holdings remained at $20, with 2,500 units crossing the market, Ansa McAl finished at $57 after exchanging 4,067 stocks. Calypso Macro Investment Fund ended unchanged at $18 with the swapping of 1,752 stock units, CinemaOne ended at $3.95 after trading 200 units, Clico Investment Fund ended unchanged at $29.94, while 44,234 stocks changed hands. First Citizens Group declined $2.80 to close at $54.70 in switching ownership of 675 stock units, FirstCaribbean International Bank fell 6 cents to end at $6 trading 13,500 shares, GraceKennedy remained at $5.99 with an exchange of 2,311 stocks. 
Guardian Holdings ended at $28.25 in exchanging 353 shares, JMMB Group dropped 10 cents to end at $2.25, with 79,707 units changing hands, L.J Williams B share slipped 10 cents to $2 with 284 stock units clearing the market. Massy Holdings remained at $6 after 184,173 stocks crossed the market, National Flour Mills finished at $1.84 after trading 1,000 units, NCB Financial Group rose 1 cent in closing at $6.02 in an exchange of 76,053 shares. Prestige Holdings fell 15 cents to end at $6.90 in trading 155 stock units, Republic Financial Holdings ended unchanged at $141.75 with 856 units crossing the exchange, Scotiabank rallied $2 to $80 in exchanging 3,719 stock units. Trinidad & Tobago NGL advanced 15 cents to close at $20.65 with the swapping of 29,517 shares, Trinidad Cement shed 20 cents in closing at $3.50 with an exchange of 5,000 stocks, Unilever Caribbean lost 24 cents to close at a 52 weeks’ low $15, with 687 stocks crossing the market and West Indian Tobacco finished at $24, with 38,856 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More changes to ICTOP10
The only major move in the Junior Market ICTOP10 listing, this week was a fall of 8 percent for Tropical Battery, while in the Main Market, Carreras rose 6 percent followed by Caribbean Producers with 5 percent, both dropped out of the TOP10, while Guardian Holdings and 138 Student Living both lost 5 percent for the week. The week’s movements resulted in no change to the ICTOP10 Junior Market stocks but Transjamaican Highway and Jamaica Broilers return to the list.
BuyRated stocks from the long-ago past
The Junior Market index closed up to 4,052.19 points, ahead of the 4,031 close of the previous week, helped by the strong gains in the two newly listed companies; JFP limited and EducFocal that jumped sharply during the week, with the former topping out at $2 to close the week up by 36 percent at $1.36, with a PE of 19 times projected 2022 earnings, while the latter jumped to $3.07 for an incredible gain of 207 percent with a PE of 38 based on projected earnings of 8 cents for 2022. Meanwhile, the Main Market continues to consolidate at a support level of around 440,000 points using the All Jamaica Composite Index, but the market drifted down below that level in the latter part of the week as NCB Financial dropped to a multi-year low of $91.01 on Wednesday, with little demand for the stock currently, but it may find support around the $105 level.
The Junior Market potential gains for the TOP 10 Junior Market stocks stand at 109 percent, much lower than the Main Market at 137 percent, an indication that Main Market is greatly undervalued. The top three stocks in the Junior Market are Elite Diagnostic, Medical Disposables followed by AMG Packaging, to gain between 122 and 133 percent.
The potential gains for Main Market stocks moved from 127 percent last week to this weeks’ 137 percent, with the top three being Guardian Holdings, JMMB Group followed by Sygnus Credit Investments all projected to gain between 169 and 198 percent versus 168 to 193 percent last week.
The average PE for Junior Market is well ahead of the average of 17 times 2020 earnings achieved at the end of March last year in moving to 21.8 based on ICInsider.com’s 2021-22 earnings, pushed up mainly by five stocks, with EduFocal and Main Event over 100 times 2021 earnings. Excluding the 5 highest PE ratios over 40, the average would be around 18. The JSE Main and USD Markets at 15.8 is well off from 19 in 2021. The TOP 10 stocks trade at a PE of a mere 8.6, with a 45 percent discount to that market’s average.
The average PE for the JSE Main Market is 20 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to the end of March this year. The Main Market TOP 10 average PE is 8.6 representing a 45 percent discount to the market, well below the potential of 20. 
The depressed PE of the main market is an indication that bigger investors are reluctant to be aggressive in buying into the market currently, with inflation, rising interest rates and war populating the headlines.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios 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 per share 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 drops on JSE USD Market
The volume and the value of stocks trading on Friday declined sharply compared to Thursday as the volume dropped 75 percent and value plunged 69 percent at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks declining than rising.
A total of six securities traded, compared to six on Thursday with one rising, two declining and three ending unchanged. The JSE US Denominated Equities Index slipped 1.20 points to end at 205.16.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.5. The PE ratios use ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 53,317 shares traded for US$13,919 compared to 213,386 units at US$45,604 on Thursday. Trading averaged 8,886 units at US$2,320, compared to 35,564 shares at US$7,601 on Thursday and month to date an average of 54,122 shares at US$5,313 versus 57,353 units at US$5,527 on Thursday. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share popped 0.99 of a cents in closing at 8.49 US cents after trading 378 shares, 
Margaritaville remained at 18 US cents while exchanging 137 stock units, Proven Investments ended unchanged at 23.4 US cents after an exchange of 49,424 stocks. Sygnus Real Estate Finance USD share lost 2.93 cents to close at 13.06 US cents, with 2,100 units changing hands and Transjamaican Highway declined 0.02 of a cent to 0.88 of a US cent in switching ownership of 278 stocks.
In the preference segment, JMMB Group 5.75% finished at US$2.02, with 1,000 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
