Trading declined on the Trinidad and Tobago Stock Exchange on Friday and resulted in more stocks rising than falling after trading 39 percent fewer shares, with 39 percent less value than Thursday, leading to a big fall in the composite Index.
A total of 18 securities traded down from 20 on Thursday, with seven rising, five declining and six ending unchanged, including Calypso Macro Investment Fund that traded at a 52 weeks’ high. The Composite Index dropped 21.60 points to settle at 1,444.58, the All T&T Index fell 4.42 points to 2,090.31 and the Cross-Listed Index dropped 5.60 points to 105.53.
A total of 518,209 shares traded for $4,614,570 down from 842,830 units at $7,505,068 on Thursday. An average of 28,789 units traded at $256,365 compared to 42,142 shares at $375,253 on Thursday, with trading month to date averaging 34,564 units at $443,458 versus 34,878 units at $453,602 previously. The average trade for February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows three stocks ended with a bid higher than their last selling prices and none with a lower offer.
At the close, Agostini’s shed $3.75 in closing at $46.20 after trading 200 shares, Ansa McAl increased 10 cents to end at $57.60, with 200 stock units crossing the exchange, Calypso Macro Investment Fund climbed $2 to close at $22 after exchanging 100 units. Clico Investment Fund popped 23 cents to $29.88 with 512 stocks changing hands, First Citizens Group gained 19 cents in ending at $51.50, with 4,316 shares crossing the market, FirstCaribbean International Bank declined 8 cents to end at $6, with 64,518 stock units clearing the market. 
GraceKennedy finished at $6 after exchanging 82,021 stocks, Guardian Holdings fell $1 to close at $27 in trading 42,493 units, JMMB Group rose 5 cents to $2.30 with an exchange of 89,400 units. Massy Holdings ended unchanged at $6 with the swapping of 175,127 stocks, National Enterprises advanced 8 cents in closing at $2.90 in switching ownership of 12,257 stock units, National Flour Mills remained at $1.84, with 70 shares changing hands. NCB Financial Group slipped 66 cents to $6.06 in an exchange of 24,561 shares, Prestige Holdings rallied 20 cents to end at $7.10, with 1,422 units crossing the market, Republic Financial Holdings ended unchanged at $141 while exchanging 2,617 stocks. Scotiabank dropped 90 cents in closing at $81.10, trading 1,001 stock units, Trinidad & Tobago NGL remained at $20.40 in exchanging 4,990 shares and West Indian Tobacco finished at $24, with 12,404 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on TTSE on Friday
Big jump for JSE USD Market
Trading on Thursday at the close of the Jamaica Stock Exchange US dollar market ended with the volume of shares changing hands declining 83 percent, with a 92 percent lower value than on Wednesday and ended with the JSE US Denominated Equities Index jumped 12.08 points to end at 214.45.
A total of eight securities traded, up from seven on Wednesday with three rising, three declining and two ending unchanged.
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, 26,308 shares traded for US$2,166 compared to 157,965 units at US$27,627 on Wednesday. Trading averaged 3,289 units at US$271, down from 22,566 shares at US$3,947 on Wednesday, with a month to date average of 47,031 shares at US$4,724 versus 50,271 units at US$5,054 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 one with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.95 US cents after exchanging 370 shares, 
Margaritaville dropped 2.5 cents to close at 16 US cents in trading 148 stocks, Productive Business Solutions increased 15.19 cents to end at US$1.19 in trading 83 units. Proven Investments shed 0.38 of a cent in ending at 23.02 US cents, with 6,238 stock units crossing the market, Sterling Investments advanced 0.27 of a cent in closing at 2.27 US cents in an exchange of 12,991 units. Sygnus Credit Investments USD share fell 0.01 of a cent to end at 12.89 US cents after trading 360 stock units. Sygnus Real Estate Finance USD share climbed 2.46 cents in closing at 15.96 US cents with 1,118 stocks changing hands and Transjamaican Highway finished at 0.89 US cents with an exchange of 5,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big leap in Main Market trading
Trading on the Jamaica Stock Exchange Main Market surged on Thursday, with the volume of shares traded leaping 509 percent over Wednesday’s level, with the value jumping 187 percent to $1.76 billion as market activity led to rising stocks exceeding those declining by a wide margin.
The All Jamaican Composite Index lost 2,001.01 points to 432,586.16, the JSE Main Index fell 1,679.51 to end at 384,196.7 and the JSE Financial Index slipped 1.01 points to 92.96.
Trading ended with 59 securities up from 57 on Wednesday, with 35 rising, nine declining and 15 ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.4. 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, 206,926,996 shares were exchanged for $1,764,565,530 versus 33,966,132 units at $614,323,672 on Wednesday. Sagicor Real Estate Fund led trading with 191.92 million shares for 92.7 percent of total volume, followed by Wigton Windfarm with 6.29 million units for 3 percent of the day’s trade, Sterling Investments had 1.99 million units trading accounting for 1 percent market share and JMMB Group 7.35% – 2028 ended with 1.25 million units changing hands for 0.6 percent market share.
Trading averaged 3,507,237 units at $29,907,890, compared to 595,897 shares at $10,777,608 on Wednesday and month to date, an average of 664,218 units at $7,665,831,compared to 474,898 units at $6,184,700 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 eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments lost $3.05 to $87.95 in exchanging 159,587 shares, Caribbean Cement popped $2 to close trading at $69.50, with 23,377 stocks crossing the market, Carreras climbed 31 cents to $8.94 with the swapping of 169,951 units. Eppley Caribbean Property Fund increased $2.60 to end at $40.70 after exchanging 1,000 stock units, GraceKennedy gained 40 cents in closing at $103.90 while 663,633 stocks changed hands, Guardian Holdings rallied $5 in ending at $555 after exchanging 383 stock units. Jamaica Producers rose $1.42 to $22.95 in trading 7,208 units, JMMB Group advanced 49 cents to end at $42.99 with 165,509 shares passing through the market, Key Insurance gained 45 cents in ending at $4.60 with 9,515 units changing hands. Kingston Wharves rallied 92 cents to close at $39.95 in switching ownership of 6,468 stock units, Massy Holdings dropped $1.96 to $100 after 34,806 stocks crossed the exchange, NCB Financial rose $2.31 to end at $115.81 in an exchange of 42,712 shares. Palace Amusement advanced $30 to close at $1020, with ten shares clearing the market, PanJam Investment climbed 90 cents to $66.99 with an exchange of 5,669 stocks, Portland JSX gained 51 cents in closing at $9 and trading 206 units. 
Proven Investments shed 40 cents to close at $35.60, with 74,242 stock units changing hands, Salada Foods popped 36 cents in closing at $6.58, with 5,579 stocks crossing the market, Seprod declined $1.45 to $56.50 in switching ownership of 9,564 units and Victoria Mutual Investments climbed 49 cents in ending at $6.60 in an exchange of 55,871 shares.
In the preference segment, 138 Student Living Preference share advanced 92 cents to end at $10.16 with the swapping of 112 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Nice Junior Market rally
Stocks mostly rose in trading on Thursday on the Jamaica Stock Exchange Junior Market, with the Market Index jumping 40.52 points to 4,104.06 as the volume of stocks traded surged 217 percent more than on Wednesday as the value jumped by 226.00 percent.
A total of 40 securities traded down from 44 on Wednesday, with 21 rising, eight declining and 11 closing unchanged.
The PE Ratio, a measure used in computing appropriate values for stocks, averages 22.2 for the Junior Market. The PE ratio of stocks in the chart below is based on ICInsider.com’s forecasted earnings for companies with financial years to the end of August 2022.
Overall, 51,849,620 shares traded for $167,982,544 compared to 16,377,032 units at $51,552,856 on the Wednesday. Spur Tree Spices led trading with 37.14 million shares accounting for 71.6 percent of total volume, followed by Jetcon Corporation, 3.24 million units for 6.3 percent of the day’s trade, FP Limited with 2.98 million units for 5.7 percent market share. EduFocal chipped in with 2.53 million units for 4.9 percent market share, Future Energy Source traded 1.35 million units for 2.6 percent market share and Tropical Battery ended with 1.22 million units for 2.4 percent market share of the overall volume.
Trading averaged 1,296,241 shares at $4,199,564 in contrast to 372,205 shares at $1,171,656 on Wednesday with the month to date, averaging 639,741 units at $2,373,786 compared to 600,606 units at $2,264,947 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 two with lower offers.
At the close, Access Financial lost $1 to $20 in switching ownership of 5,271 shares, Blue Power shed 19 cents to end at $4 in exchanging 3,127 stock units, Cargo Handlers rose 80 cents in closing at $11.40 with an exchange of 12,093 units. Caribbean Assurance Brokers gained 16 cents to close at $2.20 with 98,983 stocks changing hands, EduFocal popped 23 cents to $3.37 in exchanging 2,532,213 stocks, Everything Fresh increased 11 cents to $1.21, with 11,031 units changing hands. Future Energy Source advanced 10 cents to close at $6.30 after 1,350,570 stock units crossed the exchange, Jamaican Teas rallied 10 cents to end at $3.71 after exchanging 599,034 shares, Jetcon Corporation climbed 21 cents to $1.11 with the swapping of 3,243,403 stocks. Lasco Distributors popped 24 cents to $3.79, with 13,228 stock units crossing the market, Limners and Bards rallied 10 cents to close at $3.30 after an exchange of 442,861 shares Main Event declined 97 cents to $8, with 84,780 units clearing the market. 
Paramount Trading gained 13 cents in ending at $1.75 after trading 4,859 stock units, Spur Tree Spices advanced 25 cents to $3.60 with 37,136,928 units passing through the exchange, SSL Venture dropped 50 cents to end at $1.50 as 313,121 shares were traded and tTech increased 23 cents in closing at $4.29 after exchanging 207 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market drops, Junior Market rises
The Jamaica Stock Exchange market suffered losses on Thursday while the Junior Market indices recorded gains to close over the 4,100 points level yet again.
At the close of trading the Combined Index slipped 1,212.53 points to close at 396,135.14, the All Jamaican Composite Index dropped 2,001.01 points to 432,586.16, the JSE Main Index declined 1,679.51 to end at 384,196.7 and the Junior Market Index climbed 40.52 points to 4,104.06.
The market’s PE ratio ended at 21.7 based on 2021-22 earnings and 12.5 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 closed mixed on Trinidad Stock Exchange
Market activity ended on Thursday and resulted in more stocks rising than falling at the close of trading, but the market ended with the indices turning mixed results after the volume trading jumped 112 percent, with a 26 percent higher value than on Wednesday, at the close of the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
A total of 20 securities traded up from 18 on Wednesday, with seven rising, four declining and nine ending unchanged. The Composite Index gained 11.41 points to settle at 1,466.18 the All T&T Index dropped 12.62 points to settle at 2,094.73 and the Cross-Listed Index climbed 5.20 points to settle at 111.13.
Overall 842,830 shares traded for $7,505,068 compared to 397,112 units at $5,937,284 on Wednesday. An average of 42,142 units traded at $375,253 compared to 22,062 shares at $329,849 on Wednesday, with trading month to date averaging 34,878 units at $453,602 versus 34,412 units at $458,624, previously. The average trade in February amounts to 47,858 units at $516,870.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Angostura Holdings remained at $20.21, with 70 shares changing hands, Ansa McAl shed 1 cent to end at $57.50 with the swapping of 42 units, Ansa Merchant Bank increased 59 cents ending at $41 after 10,028 stock units crossed the market. Calypso Macro Investment Fund rallied 25 cents to end at a 52 weeks’ high of $20 after exchanging 100 stocks, Clico Investment Fund lost 24 cents to close at $29.65 after exchanging 35 shares, First Citizens Group fell $2.69 to close at $51.31 with 1,309 units changing hands. FirstCaribbean International Bank popped 2 cents to $6.08 with an exchange of 4,064 stock units, GraceKennedy ended unchanged at $6, with 100 stocks crossing the exchange, Massy Holdings finished at $6 after trading 782,778 shares. 
National Enterprises gained 1 cent to end at $2.82 in an exchange of 171 units, National Flour Mills finished at $1.84 after exchanging 30 stocks, NCB Financial Group rose 67 cents to close at $6.72 after trading 100 stock units. One Caribbean Media remained at $4.15, with 472 stocks clearing the market, Point Lisas ended unchanged at $3.50 in trading 25 units, Republic Financial Holdings dipped 1 cent to end at $141 in exchanging 7,479 shares. Scotiabank climbed 10 cents in closing at a 52 weeks’ high of $82 while 8,930 stock units changed hands, Trinidad & Tobago NGL advanced 15 cents to $20.40 in switching ownership of 8,399 shares, Trinidad Cement ended unchanged at $3.50 after trading 4,500 stock units. Unilever Caribbean finished at $15 in switching ownership of 1,854 units and West Indian Tobacco ended at $24 after 12,344 stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market rallies
Market activity ended on Wednesday, with the volume of shares trading declining 17 percent and the value jumping 159 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Main Market as the market indices rose moderately.
The All Jamaican Composite Index rallied 1,681.76 points to settle at 434,587.17, the JSE Main Index and the JSE Financial Index rose 0.66 points to settle at 93.97. Trading ended with 57 securities compared to 55 on Tuesday, with 26 rising, 24 declining and seven ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 16.1. The PE ratios for the JSE Main and USD Market closing quotes are based on ICInsider.com earnings forecasts for companies with financial years ending to August 2022.
Overall, 33,966,132 shares traded for $614,323,672 versus 41,007,581 units at $237,565,083 on Tuesday. Radio Jamaica led trading with 11.11 million shares for 32.7 percent of total volume, followed by Wigton Windfarm, 8.46 million units, with 24.9 percent of the day’s trade. JMMB Group ended with 5.23 million units for 15.4 percent market share, Transjamaican Highway chipped in with 1.66 million units for a 4.9 percent market share. Carreras traded 1.42 million units for a 4.2 percent market share and JMMB Group 7.35% – 2028, after an exchange of 1.16 million units for 3.4 percent market share.
Trading averages 595,897 units at $10,777,608, compared to 745,592 shares at $4,319,365 on Tuesday and month to date, an average of 474,898 units at $6,184,700, compared to 466,578 units at $5,868,903 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 ten stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close, Barita Investments climbed $1.35 to close at $91 after trading 57,043 shares, Berger Paints rose 40 cents to $12 in an exchange of 201 units, Caribbean Cement lost $2.50 in ending at $67.50 with 10,353 stocks changing hands. Eppley fell 71 cents in closing at $41.99 in switching ownership of 1,472 stock units, Eppley Caribbean Property Fund declined $2.60 to $38.10 after exchanging 1,711 shares, GraceKennedy rallied $1.40 to $103.50, with 576,122 stock units crossing the exchange. Guardian Holdings popped $5 to end at $550 after 18,151 units passed through the market, Jamaica Producers dropped $1.77 to close at $21.53, with 6,327 stocks changing hands, Jamaica Stock Exchange rose 30 cents to $17.30 in an exchange of 17,154 units. JMMB Group advanced 50 cents in closing at $42.50 after exchanging 5,226,226 stock units, Kingston Properties increased $1.30 to close at $9.50 in an exchange of 4,861 stocks, Kingston Wharves shed $2.92 to $39.03 after 5,995 shares changed hands. NCB Financial rallied $1.48 to end at $113.50 with the swapping of 16,089 stock units, Palace Amusement increased $40 in closing at $990 while exchanging 34 units, PanJam Investment declined 91 cents after ending at $66.09 and trading 101,777 stocks. 
Portland JSX climbed 32 cents in ending at $8.49, with 1,199 shares clearing the market, Proven Investments popped $2 in closing at $36 with an exchange of 12,456 stock units, Scotia Group dropped 30 cents to end at $34.50 with an exchange of 165,558 units. Seprod gained $7.43 to close at $57.95 after 103,417 stocks crossed the market, Supreme Ventures fell 55 cents to $17.95 in switching ownership of 4,940 shares, Sygnus Real Estate Finance lost 99 cents in ending at $16.01 as 3,536 shares changed hands.
In the preference segment, 138 Student Living Preference share rose $1.14 to close at $9.24 after exchanging 109 stocks, Jamaica Public Service 9.5% shed $947.69 to $2650, with 58,119 stock units crossing the exchange and JMMB Group 7.25% preference share advanced 49 cents in closing at $2.80 in an exchange of 355 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
Trading ended on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of shares changing hands declining by 39 percent after a 58 percent increase in the value than on Tuesday. Trading led to seven securities trading, up from six on Tuesday, with two rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index fell 2.24 points to end at 202.37.
The PE Ratio, a measure used in computing appropriate stock values, averages 14.3. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years up to August 2022.
A total of 157,965 shares traded for US$27,627 compared to 257,151 units at US$17,522 on Tuesday. Trading averaged 22,566 units at US$3,947 compared to 42,859 shares at US$2,920 on Tuesday and month to date, averaging 50,271 shares at US$5,054 versus 52,191 units at US$5,130 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 the bid higher than the last selling price and three with lower offers.
At the close, First Rock Capital USD share shed 0.05 of a cent to close at 7.95 US cents in trading 3,372 shares, 
Margaritaville dropped 1.45 cents in closing at 18.5 US cents, with 500 stock units clearing the market, Productive Business Solutions gained 1.81 cents to end at US$1.038 after trading 47 stocks. Proven Investments popped 0.37 of a cent in ending at 23.4 US cents in exchanging 101,001 units, Sygnus Credit Investments USD share slipped 0.04 of one cent to 12.9 US cents, with 9,133 stocks changing hands and Transjamaican Highway ended unchanged at 0.89 of a US cent after trading 42,667 stock units.
In the preference segment, JMMB Group 5.75% remained at US$2.02 after an exchange of 1,245 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market inched higher on Wednesday
Trading activity declined on Wednesday, with the volume of stocks traded falling 41 percent and the value dropping 47 percent behind Tuesday’s trades on the Jamaica Stock Exchange Junior Market leaving the market index just above the close on Tuesday.
Overall, 44 securities trading compared to 45 on Tuesday and ended with 19 rising, 20 declining and five closing unchanged, leaving the Junior Market Index advancing just 6.87 points to settle at 4,063.54, after hitting just over 4,123 points shortly after the market opened.
The PE Ratio, a measure used to compute appropriate stock values, averages 21.8. 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.
Overall, 16,377,032 shares traded for $51,552,856 compared to 27,861,205 units at $97,674,911 on Tuesday. JFP Limited led trading with 4.48 million shares for 27.4 percent of total volume followed by EduFocal, 3.41 million units for 20.8 percent of the day’s trade, Paramount Trading, 1.37 million units for 8.4 percent market share, Lasco Distributors chipped in with 1.01 million units with 6.2 percent market share, Consolidated Bakeries and General Accident each traded 1.0 million units for 6.1 percent market share each.
Trading averaged 372,205 shares at $1,171,656 versus 619,138 shares at $2,170,554 on Tuesday with month to date, averaging 600,606 units at $2,264,947 compared to 616,634 units at $2,341,670 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging declined 10 cents in ending at $3 after exchanging 159,587 shares, Blue Power rose 18 cents to close at $4.19 in trading 3,153 units, Cargo Handlers shed 95 cents to $10.60, with 5,831 stocks changing hands. strong>Caribbean Cream rallied 51 cents in closing at $5.23 after exchanging 139 stock units, Derrimon Trading climbed 17 cents to end at $2.70 with the swapping of 30,411 stock units, Dolphin Cove gained $1 to close at $27 while exchanging 66,796 stocks. EduFocal lost 13 cents to end at $3.14, with 3,409,042 shares crossing the market, Elite Diagnostic increased 11 cents in ending at $3.02 after 41,526 units changed hands, Everything Fresh dropped 11 cents to $1.10 in exchanging 51,967 stock units. Express Catering rose 20 cents in closing at $5.23 in trading 44,755 units, Fosrich popped 35 cents to $16.35, with 44,152 shares crossing the market, Honey Bun rallied 88 cents to end at $10 trading 20,739 stocks. JFP Limited fell 10 cents to close at $1.25 in an exchange of 4,484,237 units, Knutsford Express fell 55 cents in closing at $7.45 with an exchange of 3,210 stocks, Lasco Manufacturing declined 35 cents to $4.55 in switching ownership of 238,630 shares. 
Limners and Bards dropped 10 cents in closing at $3.20 after 91,413 stock units crossed the exchange, Lumber Depot climbed 13 cents to $3.50 with 133,403 stocks changing hands, Mailpac Group shed 21 cents to end at $3.08 after exchanging 359,901 shares. Spur Tree Spices lost 13 cents in ending at $3.35 after exchanging 244,406 units, Stationery and Office Supplies rose 45 cents to close at $7.49 after trading 16,100 stock units, Tropical Battery popped 17 cents ending at $2.35 in switching ownership of 644,617 shares and tTech increased 16 cents in closing at $4.06 with the swapping of 906 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains allround for Jamaica Stock Exchange
The Jamaica Stock Exchange record gains all round in trading was mixed on Wednesday with the Main Market and Junior Market indices recording moderate gains as the markets continued to wander around current levels for the time being, while awaiting a stimulus to give it new life.
At the close of trading the Combined Index gained 662.55 points to close at 397,347.67 the All Jamaican Composite Index popped 1,681.76 points to 434,587.17, the JSE Main Index rose 642.46 to end at 385,876.30 and the Junior Market Index inched 6.87 points higher to 4063.54.
The market’s PE ratio ended at 21.4 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.
