The Jamaica Stock Exchange ended trading with the Junior Market closing at a new record high of 4,255.28 after it opened trading at a record high of 4,292.32 but drifted down from there to the record close.
The Main Market lost ground on Tuesday, after rising for two days and ended, with the Combined Index dropping 1,359.74 points to close at 398,829.03, the All Jamaican Composite Index dived 3,613.87 points to 434,722.20 and the JSE Main Index declined 1,925.82 points to end at 385,639.89.
The market’s PE ratio ended at 21.8 based on 2021-22 earnings and 12.6 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 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.
Junior Market hits record high as Main Market drops
More gains than losses for JSE USD market
Trading on Monday ended with the volume of shares changing hands rising 338 percent with 43 percent higher value than on Friday, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
A total of seven securities traded, up from eight on Friday, with two rising, one slipping and four ending unchanged, leading the JSE US Denominated Equities Index to fall 2.09 points to 203.54.
A total of 185,493 shares traded for US$11,351 compared to 42,365 units at US$7,920 on Friday.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
Trading averaged 26,499 units at US$1,622, compared to 5,296 shares at US$990 on Friday, with a month to date average of 43,385 shares at US$4,330 versus 44,338 units at US$4,483 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and three stocks with lower offers.
At the close, First Rock Capital USD share lost 0.02 of a cent in closing at 7.93 US cents after an exchange of 2,998 shares, Margaritaville remained at 16 US cents after exchanging 30 stock units, Proven Investments ended unchanged at 23.32 US cents in exchanging 16,534 units. Sterling Investments popped 0.02 cents to close at 2.29 US cents in trading 6,688 stocks, Sygnus Credit Investments USD share finished at 12.89 US cents with 42,006 units clearing the market and Transjamaican Highway finished at 0.88 of one US cents after exchanging 116,483 stocks.
In the preference segment, JMMB Group 6% preference share climbed 0.01 of a cent to close at 99.02 US cents in switching ownership of 754 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market rises
Market activity ended on Monday, with the volume of shares traded declining by 36 percent, but with the value jumping 26 percent higher than on Friday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining.
The All Jamaican Composite Index increased 2,588.02 points to end at 438,336.07, the JSE Main Index climbed 1,301.75 points to 387,565.71 and the JSE Financial Index popped 0.15 points to settle at 93.66.
Trading ended with 55 securities compared to 58 on Friday, with 21 rising, 17 declining and 17 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.5. The PE ratio for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending up to August 2022.
Overall, 14,043,689 shares were exchanged for $254,824,567 versus 21,999,538 units at $202,058,389 on Friday. Transjamaican Highway led trading with 4.01 million shares for 28.5 percent of total volume followed by Wigton Windfarm with 3.35 million units for 23.8 percent of the day’s trade, Barita Investments with 1.81 million units for 12.9 percent market share, 
Sagicor Select Financial Fund ended with 1.11 million units changing hands for 7.9 percent market share.
Trading averages 255,340 units at $4,633,174 compared to 379,302 shares at $3,483,765 on Friday and month to date, an average of 627,343 units at $7,278,916, compared to 647,742 units at $7,423,996 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 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments rose $1.54 to $92.50 with 1,811,036 shares clearing the market, Berger Paints shed 40 cents to $11.60 in trading 110 units, Caribbean Cement rallied $2.19 to $70.19 after exchanging 91,367 stocks. Caribbean Producers fell 34 cents in closing at $14.16 a market 16fter trading 8,612 stock units, Eppley Caribbean Property Fund increased 49 cents to $41.49 in switching ownership of 1,966 shares, First Rock Capital fell 50 cents to $11.50, with 15,759 stocks crossing the exchange. GraceKennedy gained 49 cents to close at $104 in exchanging 151,194 units, Jamaica Stock Exchange advanced $1 in closing at $18.95, with 113,023 stock units changing hands, Kingston Wharves declined 95 cents to end at $39 while exchanging 15,325 shares. 
Massy Holdings popped 98 cents in ending at $101.97 after exchanging 44,682 stock units, MPC Caribbean Clean Energy dropped $1.73 to $98.27 with 630 stocks changing hands, NCB Financial fell $1.48 to end at $112.52 with the swapping of 10,122 units. Sagicor Group climbed $2 in closing at $58 trading 158,254 units, Scotia Group declined 63 cents to close at $34.02 after trading 34,797 stock units and Seprod climbed 35 cents in ending at $57.95 in an exchange of 117,996 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Surge in Junior Market trading
The Junior Market of the Jamaica Stock Exchange hit a new intraday record high in early trading on Monday, with the market index rising to 4,236.63 points within a minute of the opening, but it just failed to hold on to the record with a loss of just 0.42 points to settle at 4,205.36, after the volume of stocks traded surged 209 percent and the value jumped 189 percent over Friday’s levels.
At the close, 43 securities traded compared to 44 on Friday and ended, with 17 rising, 13 declining and 13 closing unchanged. Lasco Manufacturing and Tropical Battery traded at 52 weeks’ highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 22.5. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Some 71,534,884 shares traded for $242,214,271 up from 23,122,693 units at $83,802,194 on Friday. Spur Tree Spices led trading with 51.23 million shares for 71.6 percent of total volume. EduFocal traded 5.43 million units for 7.6 percent of the day’s trade. JFP Limited contributed 3.73 million units for 5.2 percent market share. Tropical Battery chipped in with 3.45 million units for 4.8 percent market share and Lumber Depot ended with 2.63 million units for 3.7 percent of total shares traded.
Trading averaged 1,663,602 shares at $5,632,890 in contrast to 525,516 shares at $1,904,595 on Friday with the month to date, averaging 688,614 units at $2,523,532 compared to 633,084 units at $2,346,443 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 one stock ended with the bid higher than the last selling price and five with lower offers.
At the close, Access Financial declined $1 to end at $19, trading 1,010 shares, CAC 2000 shed 20 cents in closing at $7.50, in swapping 10,688 units, Cargo Handlers rose 15 cents to close at $11.95 after exchanging 1,500 stock units. Caribbean Cream advanced 10 cents to $5.22 after 703 stocks crossed the exchange, Dolphin Cove lost $1.20 in ending at $25.50 after 68,615 stock units were traded, EduFocal fell 23 cents to $3.30 in an exchange of 5,432,988 stocks. Elite Diagnostic dropped 19 cents to close at $2.81 in exchanging 119,389 shares, Express Catering climbed 10 cents after ending at $6.10, with 660,849 units clearing the market, Fontana declined 25 cents to $10 in trading 172,837 units. Future Energy Source gained 18 cents to end at $6.68, with 754,139 stocks changing hands, Jetcon Corporation lost 13 cents in closing at $1.04, with 704,605 shares crossing the market, Lasco Manufacturing rose 75 cents to a 52 weeks’ high of $5.75 in switching ownership of 119,232 stock units. 
Main Event fell 45 cents to end at $8.50 while exchanging 32,291 shares, Paramount Trading popped 27 cents to close at $1.72 after finishing trading 1,801 stocks, Spur Tree Spices rallied 23 cents to $3.89 with 51,227,729 stock units crossing the market. Stationery and Office Supplies advanced 52 cents to $7.55 with an exchange of 2,570 units and tTech increased 17 cents in closing at $4.22 after an exchange of 191 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market record slips Main Market climbs
The Jamaica Stock Exchange ended with the Junior Market trading at a new record in the early morning session at 4,236.63 but failed to hold on to close at another record high after slipping 0.42 points to end at 4,205.36.
The Main Market continue to recover from last week’s loss, with, the Combined Index rose 1,215.01 points to close at 400,188.77, the All Jamaican Composite Index rallied 2,588.02 points to 438,336.07 and the JSE Main Index rose 1,301.75 to end at 387,565.71.
The market’s PE ratio ended at 21.9 based on 2021-22 earnings and 12.6 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 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.
Mixed trading on TTSE to start the week
Market activity ended on Monday on the Trinidad and Tobago Stock Exchange following a decline of 40 percent fewer shares, with 8 percent lower value than on Friday, resulting in more stocks declining than rising at the close of the market.
The number of securities traded on Monday dropped to 15 from 18 on Friday, with three rising, seven declining and five remaining unchanged. The Composite Index rose 3.20 points to 1,447.78, the All T&T Index slipped 0.04 points to 2,090.27 and the Cross-Listed Index rallied 0.93 points to end at 106.46.
A total of 311,540 shares traded for $4,246,477 down from 518,209 units at $4,614,570 on Friday. An average of 20,769 units traded at $283,098 compared to 28,789 shares at $256,365 on Friday, with trading month to date averaging 33,998 units at $436,868 versus 34,564 units at $443,458 previously. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Calypso Macro Investment Fund fell $2.75 to close at $19.25 while exchanging 200 shares, Clico Investment Fund declined 23 cents to $29.65, with 6,184 stock units changing hands, First Citizens Group climbed 50 cents to $52 after 788 stocks crossed the exchange. GraceKennedy finished at $6 in exchanging 50 units, JMMB Group rallied 5 cents to end at $2.35 and finishing trading with just one stock, Massy Holdings shed 1 cent in ending at $5.99, with 250,370 shares crossing the market. 
National Enterprises ended at $2.90, with 243 units clearing the market, National Flour Mills lost 1 cent to close at $1.83 in an exchange of 15 stock units, Point Lisas remained at $3.50 after 20 stocks passed through the market. Prestige Holdings dropped 20 cents to end at $6.90 in switching ownership of 200 shares, Republic Financial Holdings rose 75 cents to $141.75 in trading 13,340 units, Scotiabank shed 10 cents to close at $81 with the swapping of 1,372 stock units. Trinidad & Tobago NGL slipped 20 cents in closing at $20.20 with an exchange of 7,977 units, Trinidad Cement remained at $3.50 in exchanging 18,250 shares and West Indian Tobacco ended unchanged at $24 in trading 12,530 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE USD market
Trading on Friday ended with the volume of shares changing hands rising 61 percent, with a 266 percent higher than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
The JSE US Denominated Equities Index plunged 8.81 points to close at 205.63. Eight securities traded, similar to Thursday, with two rising, two declining and four ending unchanged.
The PE Ratio, a measure used in computing stock values, averages 14.2. The PE ratio for the JSE USD stocks uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
A total of 42,365 shares traded for US$7,920 compared to 26,308 units at US$2,166 on Thursday. Trading averaged 5,296 units at US$990 compared to 3,289 shares at US$271 on Thursday, with month to date average of 44,338 shares at US$4,483 versus 47,031 units at US$4,724 on the previous day. 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 three stocks with lower offers.
At the close, First Rock Capital USD share remained at 7.95 US cents in trading 13,057 shares, Margaritaville ended unchanged at 16 US cents in switching ownership of 3,772 stocks, MPC Caribbean Clean Energy finished at US$1.26 as just one unit crossed the exchange. 
Productive Business Solutions declined 15.19 cents to close at US$1.0381 after trading 52 stock units, Proven Investments climbed 0.3 of a cent to end at 23.32 US cents with 6,483 stocks changing hands, Sygnus Credit Investments USD share remained at 12.89 US cents in exchanging 119 units and Transjamaican Highway dropped 0.01 of a cent to end at 0.88 of a US cent after 16,601 stock units crossed the market.
In the preference segment, JMMB Group 5.75% popped 1 cent in closing at US$2.03 exchanging 2,280 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Weekend rally for JSE Main Market
The Jamaica Stock Exchange Main Market closed out the week with gains on Friday. The volume of shares trading fell 89 percent below Thursday’s trades, with the value declining 89 percent, leading to declining outnumbering those rising.
The All Jamaican Composite Index popped 3,161.89 points to 435,748.05, the JSE Main Index rose 2,067.22 points to close at 386,263.96 and the JSE Financial Index rallied 0.55 points to end at 93.51. Trading ended with 58 securities compared to 59 on Thursday, with 16 rising, 21 declining and 21 ending unchanged.
The PE Ratio, a formula for computing stock values, averages 16.5. 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, 21,999,538 shares were exchanged for $202,058,389 versus 206,926,996 units at $1,764,565,530 on Thursday. Wigton Windfarm led trading with 10.51 million shares for 47.8 percent of total volume, followed by Transjamaican Highway with 4.31 million units for 19.6 percent of the day’s trade, Sagicor Select Financial Fund with 1.77 million units for 8.1 percent market share and Supreme Ventures ended with 1.04 million units changing hands for 4.7 percent market share.
Trading averages 379,302 units at $3,483,765, compared to 3,507,237 shares at $29,907,890 on Thursday and month to date, an average of 647,742 units at $7,423,996, compared to 664,218 units at $7,665,831 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 nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rose $3.01 to $90.96 with the swapping of 290,207 shares, Caribbean Cement fell $1.50 in closing at $68 while exchanging 18,230 units, Eppley lost 71 cents after ending at $41.29 in trading 23 stocks. Eppley Caribbean Property Fund advanced 30 cents to close at $41, with 2,519 stock units clearing the market, GraceKennedy declined 39 cents to end at $103.51 after 387,827 shares crossed the exchange, Guardian Holdings shed $15 to end at $540 after 218 units changed hands. Jamaica Broilers increased $2.43 to close at $29.43 with an exchange of 110,916 stocks, Jamaica Producers rallied 98 cents in closing at $23.93, with 39,606 stock units crossing the market, Jamaica Stock Exchange gained 65 cents ending at $17.95 in an exchange of 31,015 stocks. Key Insurance dropped 30 cents to $4.30, trading 19,936 units, Massy Holdings popped 99 cents in closing at $100.99 with 233,495 shares changing hands, Mayberry Jamaican Equities fell 30 cents to $7.50 in exchanging 11,385 stock units. MPC Caribbean Clean Energy shed $1.05 to $100 after swapping 6,366 shares, NCB Financial lost $1.81 to close at $114 after trading 19,485 units, Palace Amusement declined $20 to $1000 in switching ownership of 50 stocks. 
PanJam Investment dropped 98 cents in closing at $66.01 after exchanging 665,022 stock units, Sagicor Group lost $1.98 to close at $56, finishing trading of 104,859 units, Seprod climbed $1.10 to $57.60 after exchanging 11,979 stock units. Supreme Ventures rose $1 in, ending at $19 with the swapping of 1,035,009 shares and Sygnus Real Estate Finance advanced 49 cents to end at $16.50 in switching ownership of 3,411 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Record 4,206 close for Junior Market
The Jamaica Stock Exchange Junior Market closed on Friday at a record high, with the market index surging 101.72 points to close at the highest point for the day at record 4,205.78, bettering the previous record of reach on March 4 this year as the market put on 22.7 percent for the year.
A new record high for the JSE Junior Market.
At the opening of the market, there was little sign for a record-breaking day, with the market index up 43.76 points, within just a minute of opening and remained close to this level for the better part of the morning until Express Catering jumped to $6 and Lasco Manufacturing moved up to $5 minutes to midday.
Market activity led to 44 securities trading, up from 40 on Thursday and ended with 21 rising, 15 declining and eight closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 22.6. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
The volume of stocks trading on Friday declined 55 percent to 23,122,693 units, from 51,849,620 on Thursday and the value fell 50 percent from $167,982,544 on Thursday to $83,802,194. At the close, Mailpac Group led trading with 10.18 million shares for 44 percent of total volume, followed by JFP Limited with 2.38 million units for 10.3 percent of the day’s trade, EduFocal chipped in with 1.94 million units for 8.4 percent market share, Lasco Manufacturing accounted for 1.21 million units for 5.2 percent market share and Future Energy Source closed with 1.19 million units for 5.2 percent market share.
Trading averaged 525,516 shares at $1,904,595 in contrast to 1,296,241 shares at $4,199,564 on Thursday, with the month to date, averaging 633,084 units at $2,346,443 compared to 639,741 units at $2,373,786 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 one stock ended with the bid higher than the last selling price and five with lower offers.
At the close, AMG Packaging lost 20 cents to end at $2.80, with 205,111 shares crossing the market, Blue Power gained 15 cents in ending at $4.15 in an exchange of 18,599 stocks, CAC 2000 rose 15 cents to close at $7.70 after trading 129 stock units. Cargo Handlers advanced 40 cents to $11.80 while exchanging 23,977 units, Caribbean Cream declined 11 cents in closing at $5.12 with an exchange of 454 stock units, Dolphin Cove shed 30 cents in ending at $26.70 in exchanging 115,798 units, EduFocal climbed 16 cents to close at $3.53 in trading 1,942,307 shares, Everything Fresh dropped 18 cents to end at $1.03 with the swapping of 240,557 stocks, Express Catering rallied 76 cents in closing at $6 in exchanging 534,386 units. Fontana popped 24 cents to $10.25, with 87,571 shares changing hands, Future Energy Source increased 20 cents to $6.50, with 1,194,713 stock units crossing the exchange, Honey Bun fell 29 cents to close at $9.70 after exchanging 51,075 stocks. Jamaican Teas fell 16 cents to $3.55 after 756,039 shares changed hands, KLE Group climbed 20 cents to $2.80, with 21,047 units crossing the market, Knutsford Express rallied 55 cents to end at $8, with 8,478 stock units clearing the market. 
Lasco Distributors shed 29 cents in closing at $3.50 in switching ownership of 144,879 stocks, Lasco Manufacturing increased 40 cents to close at $5, trading 1,213,910 units, Mailpac Group advanced 38 cents to end at $3.55 while exchanging 10,175,577 shares. Main Event rose 95 cents to $8.95 in an exchange of 81,747 stocks, Paramount Trading lost 30 cents to $1.45, with 82,760 stock units crossing the exchange, SSL Venture popped 45 cents to end at $1.95 after exchanging 306,349 stocks. Stationery and Office Supplies dropped 50 cents in ending at $7.03 with the swapping of 36,129 shares, Tropical Battery gained 12 cents to $2.47, with 716,915 stock units crossing the market and tTech declined 24 cents to close at $4.05 with an exchange of 5,704 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New Junior Market record as Majors rise
The Jamaica Stock Exchange ended the week, with the Junior Market ending at a new record close, having surged 101.72 points to close at 4,205.78 to be up over 22.4 percent for the year to date. At the same time, the Main Market eked out relatively modest gains as it struggles to break out of the consolidation zone it’s been in for months.
At the close of trading, the Combined Index rose 2,838.62 points to close at 398,973.76, the All Jamaican Composite Index rallied 3,161.89 points to 435,748.05, the JSE Main Index rose 2,067.22 to end at 386,263.96.
The market’s PE ratio ended at 22.3 based on 2021-22 earnings and 12.7 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 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.
