The Main Market of the Jamaica Stock Exchange broke its losing streak after closing moderately higher than Friday and Transjamaican Highway continues to hit record closing highs and closed at $2.20, but the Junior and the JSE USD Markets slipped below Friday’s close after six Junior Market stocks triggered the exchange circuit breaker at varying times during the trading session.
At the close, the JSE Combined Market Index rose 1,083.75 points to end at 341.349.19, the All Jamaican Composite Index lost 325.98 points to close at 361,277.13, the JSE Main Index popped 1,197.20 points to 328,531.40, the Junior Market Index dipped 3.64 points to 3,802.40 and the JSE USD Market Index dipped 4.97 points to 233.94.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Eppley 7.50% preference share shed $1.28 to close at $6.20, Jamaica Public Service 7% fell $10.48 in closing at $50. 138 Student Living preference share declined $6.99 and ended at $81, Productive Business 10.50% preference share dropped $50 to $1200 and Productive Business Solutions 9.75% preference share lost 94 cents to close at $106.
At the close, investors exchanged 22,548,034 shares in all three markets on Monday compared to 52,143,554 shares on Friday. The value of stocks trading in the Junior and main markets was $90.9 million, down from $1.637 billion on Friday. Trading on the JSE USD market resulted in an exchange of 2,048,216 shares for US$53,374 compared to 857,775 units at US$11,684 on Friday.
The market’s PE ratio ended at 18.1 on 2022-23 earnings and 11.3 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous investment options 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 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 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 on the Jamaica Stock Exchange and 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 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.
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.
Trading slips on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks changing hands rising 219 percent with a marginally lower value than on Thursday, resulting in the trading of just five securities, compared to 10 on Thursday and ending with prices of one rising, two declining and two ending unchanged.
Overall, 857,775 shares were traded for US$11,508 compared to 269,277 units at US$11,912 on Thursday.
Trading averaged 171,555 units at US$2,302 versus 26,928 shares at US$1,191 on Thursday, with a month to date average of 45,372 shares at US$1,374 compared to 31,656 units at US$1,273o n the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index gained 0.12 points to 239.50.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Proven Investments fell 0.1 of a cent to 16.9 US cents in an exchange of 227 shares, Sterling Investments ended at 1.68 US cents, with 2,321 stocks clearing the market, Sygnus Credit Investments ended at 11 US cents with investors transferring 350 units. Sygnus Real Estate Finance USD share dipped 0.12 of a cent to close at 11 US cents with a transfer of one stock unit and Transjamaican Highway increased 0.06 of a cent in closing at 1.4 US cents with 854,876 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rises
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 64 percent but valued 13 percent more than on Wednesday, resulting in 10 securities traded, compared to eight on Wednesday with three rising, two declining and five ending unchanged.
A total of 269,277 shares were traded for US$11,912 compared with 757,348 units at US$10,500 on Wednesday.
Trading averaged 26,928 units at US$1,191 compared with 94,669 shares at US$1,312 on Wednesday, with a month to date average of 31,656 shares at US$1,273 compared with 32,970 units at US$1,296 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index rose 10.29 points to end at 238.38.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, First Rock Real Estate USD share remained at 5 US cents after 190,635 shares were traded, MPC Caribbean Clean Energy ended at 55 US cents with shareholders swapping 2 stocks, Productive Business Solutions declined 6.3 cents in closing at US$1.837 in an exchange of 40 units.
Proven Investments increased 0.01 of a cent and ended at 17 US cents with investors transferring 5,000 stock units, Sterling Investments popped 0.03 of a cent to close at 1.68 US cents after an exchange of 28,000 stocks, Sygnus Credit Investments remained at 11 US cents in switching ownership of 1,823 units. Sygnus Real Estate Finance USD share climbed 0.12 of a cent to close at 11.12 US cents with 1,550 shares clearing the market and Transjamaican Highway ended at 1.34 US cents with 42,181 shares changing hands.
In the preference segment, Eppley 6% preference share remained at US$1.40 after a transfer of one stock and JMMB Group 6% dipped 1 cent in closing at US$1.19 after an exchange of 45 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on JSE USD Market
Trading picked up on the Jamaica Stock Exchange US dollar market on Wednesday, with a 2,798 percent surge in the volume of stocks changing hands valued 184 percent more than on Tuesday and resulting in trading in eight securities, compared to 10 on Tuesday with four rising, three declining and one ending unchanged.
A total of 757,348 shares were traded and valued at US$10,500 compared to 26,137 units at US$3,700 on Tuesday.
Trading averaged 94,669 shares at US$1,312, up from 2,614 stock units at US$370 on Tuesday, with a month to date average of 32,970 shares at US$1,296 compared with 15,341 units at US$1,291 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index dipped 11.81 points to close at 229.59.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Real Estate USD share ended at 5 US cents after a transfer of 46,900 shares, Margaritaville declined 0.01 of a cent to close at 11.47 US cents in an exchange of 34 stock units, Productive Business Solutions popped 4 cents in closing at US$1.90 as investors exchanged 3 stocks,
Proven Investments rose 0.49 of one cent to 16.99 US cents, with 2,380 units crossing the market, Sterling Investments dropped 0.03 of a cent to 1.65 US cents with shareholders swapping one stock unit, Sygnus Credit Investments dipped 0.03 of a cent to end at 11 US cents after an exchange of 4,554 stocks and Transjamaican Highway gained 0.09 of one cent in closing at 1.34 US cents after investors exchanged 703,466 units.
In the preference segment, Productive Business 9.25% preference share advanced US$1 and ended at US$13.50 with investors transferring 10 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slim trading in JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with an 82 percent fall in the volume of stocks changing hands after a minute decline in value compared with trading on Monday, resulting in 10 securities traded, compared to eight on Monday with three rising, two declining and five ending unchanged.
Overall, 26,137 shares were traded for US$3,700 compared to 144,256 units at US$3,922 on Monday.
Trading averaged 2,614 shares at US$370 down from 18,032 units at US$490 on Monday, with the month to date averaging 15,341 shares at US$1,303 compared with 22,412 units at US$1,821 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index popped 7.14 points to 241.46.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and three with lower offers.
In trading, First Rock Real Estate USD share ended at 5 US cents after 15,226 shares were traded, Productive Business Solutions popped 1 cent in closing at US$1.86 while exchanging 10 stocks, Proven Investments dipped 0.5 of a cent to close at 16.5 US cents with investors trading 300 units,
Investors exchanged 9,594 shares of Sterling Investments at 1.68 US cents. Sygnus Credit Investments popped 1.03 cents to 11.03 US cents in swapping 330 stocks, Sygnus Real Estate Finance USD share closed at 11 US cents with an exchange of 107 units and Transjamaican Highway rallied 0.05 of a cent to close at 1.25 US cents in an exchange of 364 stock units.
In the preference segment, Productive Business 9.25% preference share shed 65 cents in closing at US$12.50 after 200 shares were traded, Eppley 6% preference share ended at US$1.40 after a transfer of 1 share and JMMB Group 5.75% ended at US$1.90 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of 35,821,582 shares were traded for $1,604,168,706 compared to 13,055,782 units at $145,021,241 on Thursday.
The All Jamaican Composite Index dived 2,291.49 points to 361,603.11, the JSE Main Index declined by 2,486.07 points to close at 327,334.20 and the JSE Financial Index fell by 1.12 points to end at 73.21.
GraceKennedy rose 90 cents to end at $78.90 in an exchange of 43,296 stocks. Guardian Holdings rallied $35 and ended at $485 with shareholders swapping 5,377 shares, Jamaica Broilers rose $1.99 to $35 in trading 218,282 units Jamaica Stock Exchange shed $1 to end at a 52 weeks’ closing low of $12 with investors trading 131,493 units, Kingston Properties fell 37 cents to close at $7.10 with an exchange of 5,000 units. Mayberry Investments dipped 50 cents to $8, with 227,543 stocks crossing the exchange, NCB Financial dropped $1 to close at $68, with 22,747,667 shares clearing the market, Palace Amusement popped 30 cents in closing at $2.98 with a transfer of 2,810 stock units. Pan Jamaica Group lost 50 cents and ended at $51.50 with an exchange of 5,684 shares, Proven Investments gained 70 cents to end at $26.01, with 2,012 units crossing the market, Sagicor Group rallied $1.50 to end at $50.50 after exchanging 27,716 stocks. Scotia Group dropped 58 cents and ended at $33.60 after a transfer of 277,369 units following the release of half year results that showed increased profit and
Seprod rose $3.87 in closing at $72.50 while exchanging 7,135 stock units.
The All Jamaican Composite Index dropped 4,628.88 points to 363,894.60, the JSE Main Index shed 3,811.14 points to end at 329,820.27 and the JSE Financial Index dipped 0.31 points to 74.33.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market.The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Kingston Wharves rose 88 cents to end at $30 as 1,595 units passed through the exchange, Margaritaville shed 32 cents to end at $17.99 and closed with an exchange of 248 stock units, Massy Holdings lost $2 in closing at $100 after an exchange of 5,940 stocks. Mayberry Investments dipped 50 cents in closing at $8.50 after 55,529 stock units were traded, Mayberry Jamaican Equities dipped 36 cents and ended at $10.50, with 12,090 stocks changing hands, MPC Caribbean Clean Energy advanced 50 cents to close at $70.50 with shareholders swapping 60 shares. NCB Financial fell 50 cents to end at $69 with an exchange of 206,811 units, 138 Student Living shed 34 cents in ending at $5.16 after a transfer of 556 units, Pan Jamaica gained $1.94 in closing at $52 in an exchange of 1,070 stocks. Proven Investments dipped 69 cents to $25.31 in trading 1,644 stock units, Sagicor Group popped 49 cents to close at $49 in an exchange of 15,228 shares, Scotia Group declined 32 cents in closing at $34.18 with a transfer of 41,311 stocks. Seprod dropped $1.37 to end at $68.63, with 16,107 stock units crossing the market, Supreme Ventures lost 70 cents to close at $25.99 after it traded at a 52 weeks’ intraday low of $20 and exchanged 3,984,502 units, Sygnus Real Estate Finance shed $2 ended at $11, with 40 shares changing hands.
In the preference segment, Eppley 5% preference share fell $3 to close at a 52 weeks’ low of $17 with a transfer of 58 shares, Eppley 7.50% preference share declined $1.28 to close at $6.20 after a transfer of 315 stocks. Jamaica Public Service 7% dipped $14.77 in closing at $63.83 in an exchange of 1,535 units and 138 Student Living preference share dropped $13.99 and ended at $74 after 41 stock units crossed the market.
Trading occurred in 54 securities down from 57 on Tuesday, with five rising, 23 declining and 26 left unchanged.
The All Jamaican Composite Index dipped 2,652.86 points to end trading at 368,523.48, the JSE Main Index shed 2,552.97 points to close at 333,631.41 and the JSE Financial Index dropped 0.41 points to 74.64.
First Rock Real Estate gained 76 cents to close at $10.77 after 1,100 shares were traded. GraceKennedy shed 90 cents in closing at $78, with 15,828 stocks changing hands, Guardian Holdings fell $4 to $471 in switching ownership of 20 shares. JMMB Group increased 40 cents to close at $29.90, with 11,388 units crossing the market, Kingston Wharves dropped 88 cents and ended at $29.12 in an exchange of 6,121 stock units, Mayberry Jamaican Equities dipped 34 cents to $10.86 with 62 units clearing the market. NCB Financial declined 50 cents in closing at $69.50 after 217,592 stock units were traded, Pan Jamaica Group lost $1.94 to close at $50.06 with an exchange of 2,889 shares, Sagicor Group shed $1.49 and ended at $48.51 while exchanging 58,698 stocks and Seprod fell $3.50 to end at $70 after exchanging 20,755 units.
In the preference segment, Jamaica Public Service 7% preference share rallied $11.88 in closing at $78.60 with investors transferring 238 stocks.
A total of 7,123,490 shares were traded for $40,413,642 compared to 9,529,184 units at $38,472,860 on Monday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2023.
JMMB Group fell 50 cents to end at $29.50, with 114,308 units changing hands, Key Insurance declined 38 cents and ended at $3, with 76,127 stocks crossing the exchange, Kingston Wharves dipped 50 cents to $30 with a transfer of 4,307 stocks, Mayberry Investments gained 50 cents to close at $9 with an exchange of 70,360 shares, MPC Caribbean Clean Energy fell $1 in closing at $70 with investors trading 12 stock units, Pan Jamaica Group rallied $1.95 to close at $52 after an exchange of 334 units, Portland JSX lost $1.25 to end at $9.75 as 27 stocks passed through the market, Sagicor Group rose 50 cents in closing at $50 and closed with an exchange of 6,084 shares, Scotia Group popped 40 cents to $34.50 while 7,196 units were traded, Seprod rose $4.96 and ended at $73.50 in switching ownership of 11,076 stock units and Sygnus Real Estate Finance dipped $1.98 to $13 in trading 20 stocks.
In the preference segment, JMMB Group 7.15% due 2028, popped 31 cents and ended at $2.99 in an exchange of 300 stocks and JMMB Group 7.25% preference share shed 54 cents to end at $3.07 as investors exchanged 8,153 shares.
A total of 9,529,184 shares were traded for $38,472,860 compared with 24,040,809 units at $81,535,879 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.4 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2023.
MPC Caribbean Clean Energy rallied $1 to $71 in an exchange of 84 stocks. NCB Financial rose $1.15 to $69.75 with 40,595 stock units changing hands, 138 Student Living rallied 33 cents to $5.48 as investors traded 1,033 units, Pan Jamaica Group lost $4.04 in closing at $50.05 after 2,252 shares were traded, Sagicor Group shed $1 to end $49.50, with 16,683 stocks changing hands. Scotia Group dropped 65 cents to end at $34.10, with 36,625 stock units crossing the market, Seprod shed $1.46 to close at $68.54 with a transfer of 22,768 units, Supreme Ventures declined 30 cents to $26.50 as 111,196 shares passed through the market and Wisynco Group lost 39 cents and ended at $18.50 in switching ownership of 6,227 shares.
In the preference segment, Jamaica Public Service 7% fell $11.78 to close at $66.72 with investors transferring 191 stock units and JMMB Group 7.15% due 2028, dipped 32 cents in closing at $2.68 after an exchange of 20,041 units.