All three markets of the Jamaica Stock Exchange declined moderately at the close of trading on Thursday following a fall in the number and value of traded shares dropped compared to Wednesday’s trading.
At the close of trading, the JSE Combined Market Index dropped 994.07 points to 334,761.41, the All Jamaican Composite Index shed 1,879.32 points to 357,059.58. The JSE Main Index shed 971.08 points to end at 322,099.07, the Junior Market Index declined 9.51 points to 3,731.89 and the JSE USD Market Index slipped 1.27 points to end at 241.06.
At the close of trading, 17,340,719 shares were exchanged in all three markets, down from 26,660,691 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $109.09 million, down from $154.59 million on Wednesday and the JSE USD market closed with an exchange of 156,654 shares for US$16,462 compared to 664,963 units at US$18,341 on Wednesday.
Main Market trading was dominated by Wigton Windfarm led trading with 3.55 million shares followed by Transjamaican Highway with 2.04 million units and GraceKennedy with 687,786 units
In the Junior Market, Future Energy led trading with 2.23 million shares, followed by Derrimon Trading with 888,112 units and Jamaican Teas with 641,782 units.
At the close of the market, some of the major Main Market stocks that rose are AS Bryden climbed $1 to end at $43, Caribbean Cement popped $3.74 to $55, Eppley Caribbean Property Fund rallied $2.49 and ended at $40, Guardian Holdings advanced $20 and ended at $389, Jamaica Producers gained $1 to end at $27 and Seprod increased $2.70 to close at $85.70.
The major declining Main Market stocks include Pan Jamaica skidded $3.95 to $45.55, Sagicor Group fell 99 cents to end at $42 and Scotia Group dropped $2.34 in closing at $39.06.
Trading ended in the Junior Market, with only moderate price changes.
In the preference segment, Jamaica Public Service 9.5% declined $50 to close at $2,850.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2022-23 earnings and 13.9 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks 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 remove emotions from investment decisions and place them 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 net asset value of each company is reported as a guide to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
New high for Transjamaican
Transjamaican Highway traded on Wednesday at a new high of $2.96 on Thursday as traders exchanged 2.66 million shares between $2.88 and $2.97 with the stock gaing 111 percent in the past year.
It was only Tuesday that the stock closed at a new high of $2.91 after 4.4 million shares were traded as investors continue to respond to a surge in profits following the acquisition of its subsidiary.
Trading steady for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market remained steady on Tuesday, with the volume of stocks exchanged rising marginally, with 10 percent less money changing hands than on Monday, resulting in trading in four securities, down from six on Monday with prices of two rising, one declining and one ending unchanged.
The market closed with an exchange of 508,298 shares for US$11,596 compared to 501,713 units at US$12,814 on Monday.
Trading averaged 127,075 units at US$2,899 up from 83,619 shares at US$2,136 on Monday, with a month to date average of 27,415 shares at US$1,271 compared with 20,880 units at US$1,164 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index increased 5.83 points to close at 243.50, up 5.4 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville skidded 1.47 cent in closing at 10.52 US cents with 3,390 shares crossing the exchange, Sterling Investments remained at 1.6 US cents with investors transferring 5 shares, Sygnus Credit Investments increased 1 cent and ended at 9 US cents, with 27,771 units clearing the market and Transjamaican Highway popped 0.08 of a cent to end at 1.87 US cents after an exchange of 477,132 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Surge in trading for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a jump of 1,550 percent in the volume of stocks exchanged following a 270 percent rise in money changing hands compared to Friday, resulting in trading in six securities, compared to four on Friday with prices of one rising, three declining and two ending unchanged.
The market closed with an exchange of 501,713 shares for US$12,814 compared to 30,414 units at US$3,460 on Friday.
Trading averaged 83,619 units at US$2,136 versus 7,604 shares at US$865 on Friday, with a month to date average of 20,880 shares at US$1,164 compared with 14,035 units at US$1,058 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index dipped 0.39 points to lock up trading at 237.67.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dipped 0.41 of one cent and ended at 11.99 US cents in an exchange of 144 units, Proven Investments shed 0.46 of a cent to 13.04 US cents with investors dealing in 29,843 stocks, Sterling Investments ended at 1.6 US cents after 1,383 shares were traded. Sygnus Credit Investments declined 0.5 of one cent to end at 8 US cents, with an exchange of 7,315 stocks and Transjamaican Highway advanced 0.08 of a cent to 1.79 US cents with investors transferring 463,007 shares.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$11.50 after 21 units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks traded declining 62 percent after 41 percent more money changed hands compared to Thursday and resulting in trading in four >securities, compared to eight on Thursday, with prices of three rising, none declining and two ending unchanged.
The market closed with an exchange of 30,414 shares for US$3,460 compared to 81,185 units at US$2,499 on Thursday.
Trading averaged 7,604 units at US$865 versus 10,148 shares at US$312 on Thursday, with a month to date average of 14,035 shares at US$1,058 compared with 14,540 units at US$1,073 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index declined 0.01 points to culminate at 238.06.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.4. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
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, Proven Investments ended at 13.5 US cents with investors trading 14,181 units, Sterling Investments rallied 0.03 of a cent to 1.6 US cents, with 3,700 stocks crossing the exchange and Transjamaican Highway rose 0.01 of a cent to end at 1.71 US cents with 12,422 shares changing hands.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$11.50 while exchanging 111 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market ended with an exchange of 17,298,746 shares for $174,984,093 compared with 7,620,490 units at $62,076,383 on Tuesday.
The All Jamaican Composite Index shed 446.67 points to close trading at 358,938.90, the JSE Main Index climbed 237.24 points to settle at 323,070.15 and the JSE Financial Index increased 0.53 points to finish at 69.67.
Jamaica Producers rallied $3.50 to close at $26 after a transfer of 3,963,336 shares, JMMB Group rose 40 cents to $24.40, with 6,362 stock units crossing the exchange, Margaritaville advanced 50 cents and ended at $15.50 with investors transferring 8 units. Mayberry Group sank 85 cents in closing at $7.56 after an exchange of 1,224 stocks, NCB Financial declined $1 to end at $66, with 18,192 units crossing the market, Pan Jamaica fell 50 cents to close at $49.50 with an exchange of 2,136 shares. Proven Investments shed 64 cents to $21.31 with 1,836 stock units crossing the market, Sagicor Group gained 99 cents to end at $42.99 as investors exchanged 6,404 shares, Seprod fell $3.17 in closing at $83 with a transfer of 2,973 stocks and Wisynco Group dipped 48 cents and ended at $20.50 while exchanging 29,423 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index climbed 377.37 points to end at 335,755.48, the All Jamaican Composite Index shed 446.67 points to close at 358,938.90, the JSE Main Index advanced 237.24 points to end at 323,070.15. The Junior Market Index rose 17.68 points to 3,741.40 and the JSE USD Market Index slipped 1.17 points to end the day at 242.33.
In the Junior Market, Express Catering led trading with 2.12 million shares followed by EduFocal with 2.04 million units and iCreate with 971,348 units.
Investors should use the chart to help make rational decisions when investing in stocks 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 remove emotions from investment decisions and place them 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 volume of stocks traded declined by 52 percent, but the value jumped by 54 percent than on Monday, after an exchange of 48 securities down from 55 on Monday, with prices of 19 rising, 18 declining and 11 ending unchanged as the market closed with an exchange of 7,620,490 shares for $62,076,383 compared with 15,892,941 units at $40,238,845 on Monday.
The All Jamaican Composite Index climbed 2,400.43 points to close at 359,385.57, the JSE Main Index advanced 1,467.74 points to end the day at 322,832.91 and the JSE Financial Index popped 0.81 points to wrap up trading at 69.14.
Jamaica Broilers dropped $1.02 to end at $32.50 with 20,709 shares crossing the exchange, JMMB Group sank 67 cents in closing at $24 with trading of 15,379 stocks. Margaritaville lost $2.58 to end at $15 in switching ownership of 31,000 units, Massy Holdings declined by $1 to $88 with investors swapping 211,913 stocks, Mayberry Group rose 86 cents to close at $8.41 after an exchange of 1,699 shares. NCB Financial shed 40 cents to $67 with investors trading 13,181 units, Pan Jamaica skidded 42 cents to $50 with an exchange of 92,892 stocks, Scotia Group jumped $2.47 to end at a 52 weeks’ closing high of $41.50, with 35,353 units crossing the market and Stanley Motta popped 88 cents in closing at $6.15 with investors dealing in 31,297 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index popped 178.57 points to 335,378.11, the All Jamaican Composite Index gained 2,400.43 points to wrap-up trading at 359,385.57, the JSE Main Index rose 1,467.74 points to finish at 322,832.91. The Junior Market Index rallied 11.23 points to finish at 3,723.72 and the JSE USD Market Index increased 5.74 points to end at 243.50.
At the close of the market, some of the major Main Market stocks that rose are First Rock Real Estate climbed $1 to $8, Scotia Group advanced $2.47 to end at $41.50, Mayberry Group rose 86 cents to close at $8.41 and Stanley Motta popped 88 cents in closing at $6.15.
ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The market closed with trading of 15,892,941 shares valued $40,238,845 compared to 19,335,881 units at $380,400,356 on Friday.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
MPC Caribbean Clean Energy rose $1 to end at $91, with 380 stock units crossing the market, NCB Financial rallied $1.95 to $67.40 in an exchange of 39,356 units, Scotia Group dipped 35 cents to close at $39.03 after 27,475 stocks were traded. Seprod increased $1.95 and ended at $85.95 as investors exchanged 2,639 units, Stanley Motta sank 76 cents to $5.27 in trading 47,893 stocks, Supreme Ventures dropped 81 cents to end at $25 with 45,360 shares clearing the market and Sygnus Credit Investments lost 48 cents in closing at $10.50 with traders dealing in 102,871 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.