The Main Market and Junior Market of the Jamaica Stock Exchange gave back some of the gains garnered over the past few trading sessions but the JSE USD market closed higher for the second day of trading as the overall trading levels in the markets pulled back from those of Friday and Tuesday, with the market weighed down by more big falling prices than those rising.
At the close of trading, 13,087,775 shares were exchanged in all three markets, down from 21,294,970 units on Tuesday,
with the value of stocks traded on the Junior and Main markets amounted to $69.13 million, down compared with $81.4 million on Tuesday and the JSE USD market closed after 163,964 shares were traded, for US$2,851 compared to 51,389 units at US$5,071 on Tuesday.
Main Market trading was dominated by Wigton Windfarm led trading with 1.78 million shares for 25.4 percent of total volume followed by Jamaica Stock Exchange with 1.43 million units for 20.4 percent of the day’s trade and Transjamaican Highway with 637,525 units.
In the Junior Market, Lasco Financial led trading with 2.96 million shares, followed by AMG Packaging with 557,050 units and One Great Studio with 492,557 units.
At the close of the market, Main Market stocks rallying were AS Bryden, with a gain of $3.01 to $33.11, Seprod climbing $2.91 to $82.90, Wisynco Group up $1.25 to close at $22.30.
Declining Main Market stocks included, Eppley Caribbean Property Fund skidded $3 to end at $37, Caribbean Cement lost $1.82 and ended at $57.66, NCB Financial down $1.50 and ended at $66.50 and Scotia Group up $1 to $38.50.
Rising Junior Market stocks include AMG Packaging advancing $1.50 to $3.90 and Main Event increasing $1.20 in closing at $14.34. Falling stocks include Access Financial down $2.29 to close at $25.20 and Cargo Handlers declining $1.84 to end at $13.08.
At the close of trading, the JSE Combined Market Index dropped 4,040.80 points to 337,053.00, the All Jamaican Composite Index skidded 5,765.35 points to lock up trading at 362,383.22, the JSE Main Index lost 3,566.78 points to end at 324,258.49. The Junior Market Index dropped 79.45 points to conclude trading at 3,762.30 and the JSE USD Market Index gained 1.52 points to settle at 239.33.
In the preference segment, Eppley 7.75% preference share popped $3.99 to $22.99.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.7 on 2022-23 earnings and 14.1 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 year’s bounce for JSE USD Market
US dollar denominated stocks pushed the Jamaica Stock Exchange US dollar market higher to start off the new year on a positive note when trading ended on Tuesday as the volume of stocks changing hands declined by 86 percent with the value 79 percent lower than on Friday, resulting in seven securities being traded, compared to 10 on Friday with two rising, three declining and two ending unchanged.
At the close of market activity, 51,389 shares were traded, for US$5,071 compared to 367,867 units at US$23,588 on Friday.
Trading averaged 7,341 units at US$724 versus 36,787 shares at US$2,359 on Friday, compared to December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index gained 6.62 points to cease trading at 237.81.
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 four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dipped 0.1 of a cent to end at 12.4 US cents with 78 being traded, Productive Business Solutions ended at US$1.78 in trading 1,011 units, Proven Investments fell 0.05 of a cent in closing at 14.95 US cents with 7,526 shares clearing the market. Sterling Investments remained at 1.6 US cents while exchanging 6,205 units, Sygnus Credit Investments popped 0.01 of a cent to 8.01 US cents with a transfer of 1,000 shares and Transjamaican Highway skidded 0.11 of one cent to 1.63 US cents after an exchange of 35,445 stocks.
In the preference segment, Productive Business Solutions 9.25% preference share popped 30 cents and ended at US$11.50 in switching ownership of 124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD Market
The Jamaica Stock Exchange US dollar market ended on Friday, with a 1,081 percent jump in the volume of stocks changing hands and the value jumping 3,472 percent more than on Thursday, resulting in the trading of 10 securities up from five on Thursday and ended with five rising, two declining and three ending unchanged.
Overall, 367,867 shares were traded, for US$23,588 compared with 31,154 units at US$662 on Thursday.
Trading averaged 36,787 units at US$2,359 versus 6,231 shares at US$132 on Thursday, with a month to date average of 28,010 shares at US$1,403 compared with 27,035 units at US$1,296 on the previous day. November ended with an average of 249,102 units for US$14,204.
The US Denominated Equities Index rose 6.56 points to close at 231.05, down 1.2 percent for the year.
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 four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4.37 US cents in trading 1,000 stock units, Margaritaville advanced 1.6 cents to 12.5 US cents after 168 shares passed through the market, Productive Business Solutions rose 23 cents to close at US$1.78 as investors exchanged 3,039 stocks.
Proven Investments climbed 0.51 of one cent to end at 15 US cents after a transfer of 86,285 units, Sterling Investments ended at 1.6 US cents with traders dealing in 157 stocks, Sygnus Credit Investments sank 1 cent to 8 US cents in an exchange of 6,456 units. Sygnus Real Estate Finance USD share ended at 7 US cents with investors transferring 1,000 shares and Transjamaican Highway popped 0.09 of a cent to end at 1.74 US cents in an exchange of 269,258 stock units,
In the preference segment, JMMB Group 6% fell 4 cents in closing at US$1.01 with investors dealing in 500 shares and Productive Business Solutions 9.25% preference share gained 20 cents to close at US$11.20 after just 4 stocks were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on JSE USD Market
Trading remained low keyed on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks changing hands declining 76 percent valued 90 percent lower than on Wednesday, with just 31,154 shares traded for US$662 down from 127,343 units at US$6,740 on Wednesday and resulting in trading in five securities, compared to six on Wednesday with one rising, two declining and two ending unchanged.
Trading averaged 6,231 units at US$132, versus 21,224 shares at US$1,123 on Wednesday, with a month to date average of 27,035 shares at US$1,296 compared with 28,258 units at US$1,365 on the previous day and well off from November with an average of 249,102 units for US$14,204.
The US Denominated Equities Index gained 2.06 points to 224.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.2. The PE ratio is computed based on the last traded price divided by projected earnings that are computed by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville dipped 1.6 cents and ended at 10.9 US cents while exchanging 1,008 stock units,
Productive Business Solutions ended at US$1.55 with investors swapping 35 stocks, Proven Investments fell 0.42 of a cent to 14.49 US cents after an exchange of 9 shares. Sygnus Credit Investments ended at 9 US cents with a transfer of 4 stocks and Transjamaican Highway climbed 0.05 of a cent to end at 1.65 US cents as investors exchanged 30,098 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of just 11,588,245 shares were traded for $66,472,610 compared to 49,282,609 units at $809,014,389 on Friday.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
Massy Holdings rallied $1 to end at $91, with 3,152 shares crossing the market, Mayberry Group shed 90 cents in closing at $8.60 as investors exchanged 3,759 stocks, MPC Caribbean Clean Energy dropped 88 cents to close at $89.01 in switching ownership of 655 units. NCB Financial lost $1.99 to close at $68, with 40,596 stock units changing hands, 138 Student Living increased 32 cents to end at $4.21 with a transfer of 11,200 shares, Proven Investments climbed 98 cents to $23.48, with 6,233 units crossing the exchange. Pulse Investments dipped 25 cents to close at $1.84 with investors transferring 160,749 stocks, Radio Jamaica fell 48 cents and ended at $1.45 after closing with an exchange of 171,837 stock units, Sagicor Group skidded $2.50 to $47 with 700,814 shares changing hands. Scotia Group rallied $1.10 and ended at $39.50, with 69,913 stock units clearing the market, Seprod declined $2.51 to end at $79.99 with traders dealing in 11,464 units,
Supreme Ventures shed $2 in closing at $25 with investors swapping 159,371 stocks and Wisynco Group dropped 95 cents to close at $21.05 in an exchange of 34,165 units.
At the close of trading, 21,294,970 shares were exchanged in all three markets, down from 107,792,193 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $81.4 million, down from $952.3 million on Friday. The JSE USD market closed after 51,389 shares were traded for US$5,071 compared to 367,867 units at US$23,662 on Friday.
Declining Main Market stocks included AS Bryden, with a decline of $3.01 and ended at $30.10, Barita Investments falling $3.98 to $73, Eppley Caribbean Property Fund dropped $2.10 to $40, JMMB Group skidded $1 to $25, NCB Financial lost $1.99 to $68, followed by Sagicor Group skidding $2.50 to $47, Seprod declining $2.51 to end at $79.99 and Supreme Ventures shedding $2 in closing at $25.
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.
Main market stocks were helped considerably by the market recovering 6.5 percent since early December with the market closing with a bullish tone.
gained 22 percent and Stanley Motta 14 percent followed by the Trinidad based Massy Holdings up 13 percent, in a year when only 13 stocks posted gains in the main market.
Trading averaged 807,912 shares at $13,262,531 compared with 943,415 units at $14,353,657 on Thursday and month to date, an average of 264,266 units at $3,755,94 compared with 230,599 units at $3,167,213 on the previous day. November closed with an average of 275,587 units at $2,488,949.
The Main Market ended trading with an average PE Ratio of 14. 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.
Margaritaville rose 58 cents to end at $17.58 with 592 stocks clearing the market, Mayberry Group climbed 62 cents in closing at $9.50 with an exchange of 20,568 units, NCB Financial increased $2.49 to $69.99, with 8,031,610 stock units crossing the market. 138 Student Living popped 38 cents to close at $3.89 in an exchange of 10,161 shares, Pan Jamaica sank 80 cents to end at $50.70 after trading 174,963 stock units, Sagicor Group gained $3.52 and ended at $49.50 after an exchange of 1,638,388 stocks. Salada Foods advanced 26 cents to $3.98 with investors transferring 124,752 units, Scotia Group rallied 40 cents to end at $38.40 in switching ownership of 65,342 stocks, Seprod popped $2.01 in closing at $82.50 after 59,998 units passed through the market. Sygnus Credit Investments climbed 50 cents and ended at $11.40 after a transfer of 102,722 shares and Wisynco Group increased 51 cents to close at $22, with 344,392 stock units crossing the market.
In the preference segment, Eppley 7.75% preference share rose $3 to $22 with investors trading 100 shares and 138 Student Living preference share advanced $33.10 in closing at $130, with 115 stock units crossing the exchange.
At the close of trading 107,792,193 shares, were traded in all three markets, up from 65,137,916 units on Wednesday.
Declining Main Market stocks were Guardian Holdings down $23 and Eppley with a fall of $2.10.
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.
At the close of the market, 54,718,064 shares were traded for $832,512,122 up from 33,345,989 units at $814,176,218 on Wednesday.
The All Jamaican Composite Index surged 6,057.90 points to end at 360,454.68, the JSE Main Index railed 3,911.29 points to end the day at 321,471.63 and the JSE Financial Index popped 0.74 points to 69.39.
Jamaica Broilers fell 52 cents to $34.18 after an exchange of only 4,286 units, JMMB Group gained 40 cents to close at $25.40 after a transfer of 59,164 stocks, Kingston Wharves skidded 65 cents and ended at $26 as investors exchanged 2,009,244 shares. Mayberry Group climbed 48 cents to $8.88 after investors ended trading 25,701 stock units, NCB Financial rallied $2.40 to $67.50 after an exchange of 3,062,584 stocks, 138 Student Living lost 62 cents to at a 52 weeks’ low of $3.51, with 23,000 units crossing the market. Pan Jamaica popped $1.05 to end at $51.50 with traders dealing in 52,176 shares, Radio Jamaica rallied 35 cents to close at $1.70 while exchanging 3,708,301 stock units, Sagicor Group rose $4.48 and ended at $45.98 with investors dealing in 207,662 units. Salada Foods gained 52 cents to close $3.72 in an exchange of 114,055 stocks, Scotia Group dipped 38 cents to close at $38 with investors trading 2,423,400 shares, Seprod increased $3 to end at $80.49 in an exchange of 95,081 stocks.
Supreme Ventures climbed $1.05 in closing at $27, with 1,016,463 units crossing the market, Sygnus Real Estate Finance advanced $1.25 and ended at $10.25 in trading 10,104 stock units and Wisynco Group popped 49 cents to $21.49 after exchanging 4,360,933 shares.