The Junior Market Index recovered 41.19 points of the 226 points lost over the previous three days to send at 3,874.34 when trading closed on Friday, with the volume of stocks traded declining 28 percent less and the value falling 27 percent lower than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
A total of 38 securities trading compared to 42 on Thursday and ending with 22 rising, eight declining and eight, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.4. The PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 20,499,585 shares traded for $58,896,925 compared to 28,468,558 units at $80,280,465 on the previous trading day. Derrimon Trading led trading with 13.17 million shares for 64.2 percent of total volume followed by Tropical Battery with 1.30 million units for 6.3 percent of the day’s volume, Lumber Depot with 1.20 million units for 5.8 percent market share and Jamaican Teas with 1.01 million units changing hands for 4.9 percent market share.
Trading averaged 539,463 shares at $1,549,919 in contrast to 677,823 shares at $1,911,440 on Thursday and the month to date, averaging 424,793 units at $1,611,375, compared to 416,856 units at $1,615,628 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Access Financial rose 29 cents in ending at $20, with 12,365 shares changing hands, Cargo Handlers dropped $1 to $7 in switching ownership of 41,296 stock units, Caribbean Assurance Brokers advanced 10 cents to end at $3.27 after finishing trading of 27,724 units. Caribbean Cream fell 29 cents in closing at $5, with 101,227 stocks crossing the market, Caribbean Flavours gained 11 cents to close at $2.03 with an exchange of 814 stocks, Dolphin Cove rallied $1.45 in closing at $26.45 while exchanging 119,034 units. Elite Diagnostic increased 19 cents to end at $3.40 after trading 1,529 stock units, Express Catering climbed 12 cents to close at $6.24 in an exchange of 32,871 shares, Fosrich popped 10 cents in ending at $14.30 in trading 39,276 stock units. Future Energy Source popped 22 cents to $4.50 with the swapping of 725,850 units, General Accident climbed 39 cents to $6.27 in exchanging 50,538 shares, Honey Bun declined 34 cents in closing at $9.51 in exchanging 24,234 stocks. Jetcon Corporation climbed 12 cents to end at 95 cents trading 300,893 shares, Knutsford Express advanced 10 cents after ending at $7.99, with 2,525 units clearing the market, Lasco Distributors rallied 35 cents to close at $4 559,465 stock units crossing the market. Lasco Financial increased 25 cents to end at $3.60 after exchanging 164,565 stocks, Lasco Manufacturing rose 28 cents to end at $4.63 with an exchange of 189,432 stocks, Lumber Depot increased 19 cents to close at $3.90 1,196,478 units crossing the market. Medical Disposables advanced 75 cents in closing at $7.27 in trading 6,612 stock units, Paramount Trading climbed 16 cents to $1.95 in exchanging 17,000 shares, Spur Tree Spices shed 20 cents to close at $3.05, with 731,361 stock units crossing the market. Tropical Battery rallied 11 cents in closing at $1.79 after exchanging 1,297,425 units and tTech lost 35 cents in ending at $4.35, with 100 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD market slips in moderate trading
Trading ended on Friday, with 1,317 percent more shares changing hands with 106 percent higher value than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in slightly stocks rising than falling.
A total of nine securities traded, compared to seven on Thursday with two rising, one declining and six ending unchanged. The JSE US Denominated Equities Index lost 2.35 points to end at 205.56.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 460,642 shares traded, for US$53,004 up from 32,516 units at US$25,678 on Thursday.
Trading averaged 51,182 units at US$5,889, compared to 4,645 shares at US$3,668 on Thursday and month to date averages 100,002 shares at US$4,492 versus 105,233 units at US$4,342 on the previous day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7 US cents while exchanging 2,088 shares, Margaritaville gained 5 cents ending at 24 US cents in trading 680 stocks, Proven Investments remained at 23 US cents after 190,092 units crossed the exchange. Sterling Investments climbed 0.03 of a cent cents in closing at 2.38 US cents, with 1,211 stock units changing hands, Sygnus Credit Investments USD share fell 0.01 of a cent to close at 12.84 US cents after trading 7,002 units, Sygnus Real Estate Finance USD share finished at 13 US cents with 18,620 shares changing hands. Transjamaican Highway finished at 0.89 US cents, with 236,201 stock units clearing the market.
In the preference segment, JMMB Group 5.75% preference share remained at US$2.09 after exchanging 250 stocks and JMMB Group 6% preference share ended unchanged at US$1, with 4,498 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaican stocks bounce on Friday
Stocks rallied on the Jamaica Stock Exchange on Friday leaving the Combined Index with a gain of 1,646.44 points to end at 404,420.26, the All Jamaican Composite Index rose 1,052.94 points to 447,731.60, the Junior Market recovered 66.77 points of the 226 points lost over the previous three days in closing at 3,874.34 and the JSE Main Index picked up 1,370.17 points to end at 395,213.78.
The market’s PE ratio ended at 17.6 based on 2021-22 earnings and 12.3 times those for 2022-23 at the close of market activity on 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 along with 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, buy investing in stocks that are close to the average for the sector and not go too far from it unless there are compelling reasons to do so. Investments with prices of a stock are close to the average, will find that they are not inclined to overpay for a stock. This approach helps to take emotions out of the investment decision and put in of fundamentals at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also 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 time income or expense. The PE Ratio is the most popular measure used to determine the value of stocks.
Prices fall as trading jumps on TTSE
Trading returned to more normal levels on Friday and resulted in 181 percent more shares changing hands with 119 percent higher value than Thursday, on the Trinidad and Tobago Stock Exchange but ended with declining stocks overwhelming those rising.
A total of 19 securities were traded compared to 13 on Thursday, with three stocks rising, eight declining and eight ending unchanged. The Composite Index dipped 5.33 points to 1,516.15, the All T&T Index fell 5.55 points to 2,126.02 and the Cross-Listed Index lost 0.71 points to settle at 121.03.
A total of 515,617 shares traded for $9,130,782 up from 183,715 units at $4,167,666 on Thursday. An average of 27,138 units traded at $480,567 compared to 14,132 shares at $320,590 on the previous day, with trading month to date averaging 46,221 units at $565,884 versus 47,757 units at $572,752. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows two stocks ended with a bid higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s ended unchanged at $46 in trading 12,074 shares, Angostura Holdings finished at $19.75 with an exchange of 300 units, Ansa McAl shed 99 cents in ending at $58, with 24 stock units crossing the exchange. Clico Investment Fund gained 2 cents to close at $29.52 after trading 23,863 stocks, First Citizens Group popped 4 cents to $64.49, with 2,779 stock units clearing the market, GraceKennedy lost 9 cents in closing at $6 with 3,226 stocks changing hands. Guardian Holdings fell 10 cents to $29.90 after trading 411 units, JMMB Group dropped 10 cents to end at $2.30 in switching ownership of 283,177 shares, Massy Holdings declined 1 cent to $105.99 in exchanging 4,648 units. National Flour Mills remained at $2 after 50 shares changed owners, NCB Financial Group lost 10 cents to close at $7.90 after exchanging 113,773 stocks, One Caribbean Media finished at $4.20, with 15,000 stock units changing hands. Prestige Holdings fell 5 cents to $7 in an exchange of 11,153 shares, Republic Financial Holdings rallied 4 cents in closing at $142.96 while exchanging 36,531 units, Scotiabank ended unchanged at $73 with the swapping of 931 stock units. Trinidad & Tobago NGL dropped 50 cents in closing at $21.50, with 1,500 stocks crossing the market, Trinidad Cement remained at $3.80 trading 1,000 shares, Unilever Caribbean finished at $16 in switching ownership of 1,065 stocks and West Indian Tobacco remained at $25.95 in exchanging 4,112 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for JSE USD market
Trading on Thursday ended with the volume of shares changing hands declining 41 percent with 208 percent higher value than on Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising than falling.
Seven securities traded, compared to nine on Wednesday with three rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index lost 1.15 points to end at 95.59.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 32,516 shares traded, for US$25,678 compared to 55,392 units at US$8,332 on Wednesday.
Trading averaged 4,645 units at US$3,668, compared to 6,155 shares at US$926 on Wednesday and month to date an average of 105,233 shares at US$4,342 versus 114,377 units at US$4,403 on the previous day. January ended with an average of 91,572 units for US$7,142.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share dropped 1.95 cents to 7 US cents with the swapping of 711 shares, Margaritaville advanced 1.4 cents to close at 19 US cents in switching ownership of one stock, Proven Investments popped 0.78 of a cent to 23 US cents in exchanging 40 units. Sterling Investments increased 0.33 of a cent to end at 2.35 US cents, with 262 stock units crossing the exchange, Sygnus Credit Investments USD share fell 0.04 of a cent in closing at 12.85 US cents with 400 stocks crossing the market and Transjamaican Highway ended unchanged at 0.89 US cents, with 5,600 shares changing hands.
In the preference segment, JMMB Group 6% shed 1 cent to close at US$1 in trading 25,502 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for JSE stocks again on Thursday
Stocks prices fell across the market, resulting in big declines at the close of trading on Thursday, in both the Main Market and the Junior Market as investors gather funds for the latest initial public offering to come to the market and opens on Monday coming.
The Jamaica Stock Exchange Combined Index skidded 6,194.03 points to end at 402,773.74 as the All Jamaican Composite Index fell 4,913.82 points to 446,678.54 and the Junior Market dropped 74.82 points following declines of 58.44 points on Wednesday and 92.56 points on Tuesday in closing at 3,833.15 and the JSE Main Index lost 5,907.44 points to 393,843.52.
The market’s PE ratio ended at 17.3 based on 2021-22 earnings and 12.3 times those for 2022-23 at the close of market activity on 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 along with the more detailed daily report charts provide investors with daily updated information to help with decision making.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market. The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure.
The chart also shows daily changes in stock prices and the percentage year to date changes 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 also 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 fall stocks rise on Trinidad market
Market activity ended on Thursday and resulted in more stocks rising than falling at the close of trading, after trading 48 percent fewer shares, with 57 percent lower value than on Wednesday, on the Trinidad and Tobago Stock Exchange and leading to rising stocks outpacing those that fell.
A total of 13 securities traded compared to 17 on Wednesday, with five stocks rising, two declining and six remaining unchanged. The Composite Index rose 2.18 points to 1,521.48, the All T&T Index increased 6.34 points to 2,131.57 and the Cross-Listed Index dipped 0.32 points to settle at 121.74.
A total of 183,715 shares traded for $4,167,666 down from 353,904 units at $9,762,568 on Wednesday. An average of 14,132 units raded at $320,590 compared to 20,818 shares at $574,269 on the previous day, with trading month to date averaging 47,757 units at $572,752 versus 49,717 units at $587,452. The average trade for January amounts to 39,943 units at $369,498.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Agostini’s remained at $46 after an exchange of 3,131 shares, Angostura Holdings ended at $19.75 in trading 2,760 units, Ansa McAl increased 99 cents to close at $58.99, with 45 stock units changing hands. Ansa Merchant Bank climbed 10 cents to $40.51 with 50 stocks switching ownership, Clico Investment Fund dropped $1.99 to end at $29.50, with 2,960 units crossing the market, First Citizens Group fell 1 cent to $64.45 in exchanging 1,888 shares. GraceKennedy popped 8 cents in ending at $6.09, with 20,338 stocks changing hands, Massy Holdings ended at $106 with the swapping of 23,611 stock units, NCB Financial Group remained at $8 trading 112,320 shares. One Caribbean Media ended unchanged at $4.20 after 14,860 units crossed the exchange, Republic Financial Holdings rallied 92 cents to end at $142.92 after trading 645 stock units, Scotiabank rose 2 cents to $73, with 1,000 stocks clearing the market and Unilever Caribbean finished at $16 in an exchange of 107 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.