Winners outnumbered losers 2 to 1 on the Jamaica Stock Exchange US Dollar Market on Wednesday, following an exchange of 12 securities, down from 14 on Tuesday with prices of six rising, three declining and three ending unchanged. Trading ended with a 49 percent slippage in volume of stocks changing hands, with an 88 percent jump in value over Tuesday.
The market closed with an exchange of 563,601 shares for US$138,376 compared to 1,105,110 stock units at US$73,758 on Tuesday.
Trading ended with an average of 46,967 shares at US$11,531 relative to 78,936 stock units at US$5,268 on Tuesday. Trading for the month to date averages 58,102 units at US$6,909 compared with 63,241 stock units at US$4,776 on the preceding day and an average of 599,023 units for US$38,839 in October.
The US Denominated Equities Index popped 2.89 points to close at 296.84. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most commonly used measures to determine appropriate stock values, averages 19.3. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for financial years ending around August 2027.
At the close of trading, First Rock Real Estate USD share remained at 2 US cents with 5,002 units crossing the market, MPC Caribbean Clean Energy shed 3.45 cents to close at 23 US cents in an exchange of 35 stocks, Productive Business Solutions ended at 95 US cents with investors swapping 114 shares. Quantas Advantage declined by 0.11 of a cent in closing at 14.79 US cents with a transfer of 4,588 stock units, Sterling Investments dropped 0.01 of one cent to end at 2.31 US cents after an exchange of 2 shares, 
Sygnus Credit Investments increased 0.92 of one cent in closing at 7.79 US cents with investors dealing in 8,281 units. Sygnus Real Estate Finance USD share climbed 0.14 of a cent to end at 5.29 US cents with 2,154 stocks clearing the market and Transjamaican Highway rose 0.05 of one cent to finish at 6.6 US cents with an exchange of 531,150 stock units.
In the preference share segment, JMMB Group 7.5% gained 8 cents and ended at US$2.08 with 2,500 shares passing through the market. JMMB Group US8.5% ended at US$1.29 with 38 stocks crossing the exchange, Sygnus Credit Investments 8% rose $1.09 and finished at $10.10 with investors exchanging 500 stock units and Sygnus Credit Investments 8% advanced 41 cents in closing at US$9.91 after a transfer of 9,237 stock units.
Prices of securities trading are those of the last transaction.
At the end of the market activity, the JSE Combined Market Index climbed 417.73 points to close at 391,703.83, as the All Jamaican Composite Index dropped 835.04 points to finish at 460,495.09, the JSE Main Index gained 443.49 points to end at 385,664.61, the Junior Market Index shed a mere 0.88 points to 3,198.05 and the JSE USD Market Index rose 2.89 points to 296.84.
Among the top losers, MPC Caribbean Clean Energy shed $5.81 to end at $32.94, Jamaica Producers shed $1.48 to $20, Pan Jamaica lost 90 cents and ended at $44.10, Carreras lost 59 cents to close at $28.90 and NCB Financial fell 40 cents to finish at $74.50.
ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and facilitates easy comparisons within sectors and the overall market.
The day closed with an exchange of 1,105,110 shares for US$73,758 after moving up from 539,157 stock units at US$50,427 on Monday.
Sterling Investments remained at 2 US cents with an exchange of 5,738 shares, Sygnus Credit Investments gained 0.37 of a cent to finish at 6.87 US cents with 67,835 stocks clearing the market, Sygnus Real Estate Finance USD share remained at 5.15 US cents as investors exchanged 1,968 shares and Transjamaican Highway rose 0.21 of a cent in closing at 6.55 US cents with 701,043 units crossing the market.
At the end of the market activity, the JSE Combined Market Index climbed by 898.11 points to end at 391,286.10, but the All Jamaican Composite Index dipped 34.78 points to close at 461,330.13, the JSE Main Index climbed 1,220.74 points to 385,221.12, the Junior Market Index lost 37.50 points to conclude trading at 3,198.93 and the JSE USD Market Index rose 2.34 points to end at 293.95.
Among the losers, Supreme Ventures dropped $1.03 to close at $18.00, Pan Jamaica declined 99 cents to $45.00, Quantas Advantage shed 59 cents to finish at $21.75, Sagicor Group dipped 57 cents and ended at $41.00, Caribbean Cement fell 50 cents to $116.00 and Proven Investments shed by 50 cents in closing at $9.50.
The ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and facilitates easy comparison within sectors and the overall market.
Market activity ended with an exchange of 539,157 shares valued at US$50,427, following an increase from 293,051 stock units at US$19,870 on Friday. Trading ended with an average of 44,930 shares at US$4,202 up from 29,305 stock units at US$1,987 on Friday and an average for October valued at 599,023 units for US$38,839.
Quantas Advantage advanced 0.57 of one cent to settle at 14.77 US cents in switching ownership of 1,059 shares, Sygnus Credit Investments popped 0.02 of a cent and ended at 6.5 US cents after an exchange of 29,973 stock units. Sygnus Real Estate Finance USD share remained at 5.15 US cents with 2,708 units changing hands and Transjamaican Highway skidded by 0.07 of a cent to finish at 6.34 US cents with an exchange of 499,744 stocks.
In the preference segment, JMMB Group 7.5% dipped 2 cents to end at US$2 with 2,000 shares passing through the market. JMMB Group US8.5% increased 24.67 cents in closing at US$1.29with investors swapping 2,482 stock units, Productive Business Solutions 9.25% climbed US$1.92 in closing at US$12.10 after an exchange of 4 units and Sygnus Credit Investments 8% declined by US$1.59 to finish at US$9.01 with investors dealing in 990 stocks.
At the end of the market activity, the JSE Combined Market Index fell 1,118.81 points to 390,387.99, the All Jamaican Composite Index slipped 439.35 points to 461,364.91, the JSE Main Index dropped 1,198.65 points to settle at 384,000.38, the Junior Market Index inched 3.80 points higher to end at 3,236.43 and the JSE USD Market Index popped 1.37 points to 291.61.
Among the top losers, Caribbean Cement fell $3.35 to close at $116.50, Jamaica Stock Exchange shed 58 cents to end at $9.20, West Indies Petroleum dropped 55 cents to close at $9.36, Sagicor Real Estate Fund declined by 50 cents and ended at $9.00 and Carreras lost 27 cents to finish at $28.73.
Pertinent information is needed to navigate the numerous options in the stock market. The chart should be used to help in decision-making, especially when investing close to the market or sector averages, and not going too far from it unless compelling reasons exist. This approach reduces emotional bias in investment decisions and places them on fundamentals, without straying far from the majority of investors. Investors who buy stocks near the average will not overpay. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also includes daily changes in stock prices and percentage year to date price movements based on the last traded price. Dividends that are paid or due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
The gain in the index is the highest since 2019, when the market index rose 34 percent, the year before the COVID pandemic in 2020. the current year seems set to be the third consecutive year of increase for the market index.
Kingston Properties appreciated 30.85 percent, Sagicor Real Estate Fund ended with a gain of 18.75 percent, General Accident was next after gaining 16.13 percent and surprisingly, RJR Group, the loss maker that is being restructured, rounded out the top ten, gaining 14.04 percent.
Tropical Battery Company was down 20 percent, First Rock Real Estate Investments fell by 18.80 percent, while Wigton Windfarm, suffering from delayed build-out of its new solar power generation plant, suffered a loss of 18.18 percent, and the Jamaica Stock Exchange declined 17.88 percent.
Proven Investments increased 0.49 of a cent to end at 6.49 US cents with investors swapping 15 stock units, Quantas Advantage lost 1.3 cents to close at 14.2 US cents, following trading of 2,011 shares, Sterling Investments remained at 2.25 US cents with 393 stock units passing through the market. Sygnus Credit Investments climbed 0.02 of one cent and ended at 6.48 US cents, with a transfer of 13,877 units and Transjamaican Highway rose 0.07 of one cent, in closing at 6.41 US cents after an exchange of 275,602 stocks.
At the end of the market activity, the JSE Combined Market Index rose 924.26 points to 391,506.80, as the All Jamaican Composite Index popped 1,223.83 points to close at 461,804.26, the JSE Main Index climbed 794.50 points to end at 385,199.03, the Junior Market Index rallied 22.94 points to settle at 3,232.63 and the JSE USD Market Index popped 1.99 points to close at 290.24.
Among the top losers, Scotia Group declined by $1 to end at $70.00, Carreras dropped by 90 cents in closing at $29.00, General Accident skidded by 75 cents to $7.20, GraceKennedy fell 51 cents to end at $81.49 and Jamaica Broilers shed 49 cents to finish at $14.30.
The ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, facilitating easy comparison within sectors and the overall market.
At the end of the market activity, the JSE Combined Market Index gained 1,840.65 points to 390,582.54, the All Jamaican Composite Index rallied 1,117.19 points to end at 460,580.43, the JSE Main Index popped by 1,524.98 points to close trading at 384,404.53, the Junior Market Index rallied 53.30 points to 3,209.69 and the JSE USD Market Index rose 5.68 points to end at 288.25.
Among the top losers, Eppley shed $3.13 to end trading at $30.55, GraceKennedy dipped by $1 to $82, Jamaica Producers fell by 90 cents and ended at $20.00, NCB Financial skidded by 63 cents to finish at $73.77 and Mayberry Group fell 36 cents to end at $5.00.
The ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry to facilitate easy comparison within sectors and the overall market.