All three markets of the Jamaica Stock Exchange declined in trading on Tuesday with the Junior Market losing almost 54 points and the JSE USD Market Index dropping nearly a thousand points, the JSE USD market closed moderately lower as trading ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 21 shares rising and 45 declining.
At the close of trading, the JSE Combined Market Index declined 1,291.28 points to 322,767.65, the All Jamaican Composite Index sank 1,876.70 points to 351,178.56 and the JSE Main Index lost 947.86 points to end at 310,585.95. The Junior Market Index lost 53.62 points to finish at 3,592.50 and the JSE USD Market Index fell 2.49 points to finish at 228.28.
At the close of trading, 47,160,532 shares were exchanged in all three markets, down from 157,980,160 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $134.91 million, well below the $218.22 million on the previous trading day and the JSE USD market closed with an exchange of 6,189,214 shares for US$129,634 compared to 56,649 units at US$10,020 on Monday.
In Main Market activity, Transjamaican Highway led trading with 2.31 million shares followed by Wigton Windfarm with 1.55 million units and NCB Financial with 328,204 stock units.
In Junior Market trading, Regency Petroleum led trading with 18.17 million shares followed by Derrimon Trading with 7.36 million stocks, RA Williams with 3.49 million units for 9.9 percent market share and Paramount Trading with 1.85 million shares.
In the preference segment, Sygnus Credit Investments C10.5% fell $4.50 to close at $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.5 on 2023-24 earnings and 13.2 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are 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
Trading surges on JSE USD Market
The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded surging 10,826 percent with a 1,194 percent more value than on Monday, resulting in an exchange of nine securities, compared to eight on Monday with prices of three rising, three declining and three ending unchanged.
The market closed with an exchange of 6,189,214 shares for US$129,634 compared to 56,649 units at US$10,020 on Monday.
Trading averaged 687,690 shares at US$14,404 compared to 7,081 shares at US$1,253 on Monday, with a month to date average of 367,404 shares at US$8,215 compared with August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index dropped 2.49 points to cease trading at 228.28.
The PE Ratio, the commonly used measure to determine appropriate stock values, averages 7.8. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close of trading, Margaritaville remained at 8.4 US cents with traders dealing in 300 shares, MPC Caribbean Clean Energy shed 0.1 of a cent to 71 US cents after an exchange of 100 stocks, Proven Investments rose 0.3 of a cent to end at 10 US cents with a transfer of 37,500 shares. Sterling Investments rose 0.1 of one cent in closing at 1.5 US cents after 277 stock units passed through the exchange, Sygnus Credit Investments ended at 7 US cents with investors trading 20,000 shares and Transjamaican Highway edged 0.01 of one cent lower to finish at 2.01 US cents with an exchange of 6,129,667 units.
In the preference segment, JMMB Group 5.75% popped 15 cents to US$1.85, with 1,020 stocks crossing the market, Sygnus Credit Investments US 8% ended at US$10 with investors dealing in 151 stock units and Sygnus Credit Investments E8.5% slipped 20 cents in closing at US$10.10 after 199 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on the Trinidad market
Stocks closed with winners and losers almost equally divided on the Trinidad and Tobago Stock Exchange on Tuesday, resulting from 20 securities trading up sharply from 13 on Monday and ending with prices of six stocks rising, seven declining and seven ending firm, with a 184 percent rise in the volume of stocks traded valued 701 percent more than on Monday.
The market closed with trading of 156,336 shares valued at $5,708,506 compared to 55,109 stock units at $712,766 on Monday.
An average of 7,817 shares were traded at $285,425 compared with 4,239 units at $54,828 on Monday, with trading month to date averaging 6,407 shares at $194,591 compared with an average for August of 21,741 shares at $142,770.
The Composite Index edged 3.01 points higher to 1,061.82, the All T&T Index declined 3.50 points to end at 1,591.72, the SME Index remained at 78.26 and the Cross-Listed Index popped 1.39 points to settle at 69.25.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s shed $1 to $65 in trading 20 stock units, Angostura Holdings dipped 10 cents to close at $17.65 with an exchange of 135 shares, Ansa McAl rallied 50 cents and ended at $63.50 after it closed with an exchange of 50,021 stocks. Ansa Merchant Bank ended at $41 with investors trading 10 units, Calypso Macro Investment Fund increased 62 cents to end at $24.22 in switching ownership of 164 stocks, First Citizens Group fell 2 cents in closing at $44 as investors exchanged 42,496 stock units. FirstCaribbean International Bank remained at $6.80 with a transfer of 260 shares, Guardian Media skidded 5 cents to close at $1.55, with 50 stock units crossing the exchange, JMMB Group ended at $1.05 with investors dealing in 200 shares. Massy Holdings sank 9 cents to finish at $3.40 in an exchange of 38,242 stock units, National Enterprises remained at $3.05 with 1,261 stocks clearing the market, National Flour Mills popped 20 cents to end at $1.80 with investors swapping 100 units. NCB Financial gained 14 cents in closing at $2.70, with 2,012 stocks changing hands, Prestige Holdings rose 20 cents to $10.30 in trading 3,409 units, Republic Financial slipped 1 cent to finish at a 52 weeks’ low of $111.99 after 2,662 shares passed through the market. Scotiabank remained at $55 in an exchange of 1,599 stock units, Trinidad & Tobago NGL climbed 6 cents to close at $5.25 with investors trading 1,605 shares, Trinidad Cement ended at $2.50 after an exchange of 1,500 stock units. Unilever Caribbean lost 43 cents in closing at $11.33, with 400 stocks crossing the market and West Indian Tobacco ended at $6.50 after a transfer of 10,190 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks crashed on Trinidad Exchange
Stock prices tumbled to start September negatively on the Trinidad and Tobago Stock Exchange on Monday, resulting in 13 securities trading down from 19 on Friday and ending with prices of one stock rising, 10 declining and two ending firm with the volume of stocks traded plunging 95 percent with an 85 percent drop in value than on Friday.
The market closed with trading of 55,109 shares for $712,766 compared to 1,022,312 stock units at $4,881,669 on Friday.
An average of 4,239 shares were traded at $54,828 compared with 53,806 stock units at $256,930 on Friday, and the average of 21,741 shares at $142,770 for August.
The Composite Index dropped 1.74 points to finish at 1,058.81, the All T&T Index sank 0.16 points to 1,595.22, the SME Index remained at 78.26 and the Cross-Listed Index slipped 0.48 points to settle at 67.86.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s lost $2 to finish at $66 with 15 stocks crossing the market, Ansa McAl remained at $63 after an exchange of 1,646 units, First Citizens Group slipped 48 cents to $44.02 in trading of 430 shares. FirstCaribbean International Bank fell 10 cents to close at $6.80 after of 100 stock units changed hands, GraceKennedy sank 18 cents in closing at $3.35 after an exchange of 10,033 shares, JMMB Group skidded 5 cents to end at $1.05 in trading 63 units. L.J. Williams B share sank 3 cents to $1.83 with 900 stocks clearing the market, Massy Holdings shed 1 cent to close at $3.49 as investors exchanged 30,858 stock units, National Enterprises dropped 2 cents in closing at $3.05 after trading of 252 shares. Prestige Holdings ended at $10.10 with an exchange of 249 stocks, Republic Financial dipped 25 cents and ended at $112 after 1,565 units passed through the market, Scotiabank declined $1 to finish at $55 with investors trading 4,417 stock units and Trinidad & Tobago NGL rallied 4 cents and ended at $5.19 in an exchange of 4,581 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD trading drops into September
Trading dropped back from the heightened levels on Friday at the close of the Jamaica Stock Exchange US dollar market on Monday, with a sharp 93 percent in the volume of stocks traded with a 46 percent lower value than on Friday, resulting in the exchange of eight securities, compared to six previously, with prices of six declining and two ending unchanged.
The market closed with an exchange of 56,649 shares for US$10,020 compared to 868,169 units at US$18,549 on Friday.
Trading averaged 7,081 shares at US$1,253 compared to 144,695 shares at US$3,091 on Friday, compared with an average of 297,880 units for US$8,245 for August.
The US Denominated Equities Index fell 1.12 points to conclude trading at 230.77.
The PE Ratio, a popular measure to determine appropriate stock values, averages 7.7. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 8.4 US cents in an exchange of 448 stocks, MPC Caribbean Clean Energy slipped 0.9 of a cent to 71.1 US cents with investors trading 98 units, Proven Investments fell 0.1 of a cent and ended at 9.7 US cents, with 35,668 shares crossing the exchange. Sterling Investments dipped 0.24 of a cent to finish at a 52 weeks’ low of 1.4 US cents, with 2,232 stock units changing hands, Sygnus Credit Investments lost 0.34 of one cent to end at 7 US cents in trading 2,244 shares, Sygnus Real Estate Finance USD share ended at 9 US cents with 243 stocks being traded and Transjamaican Highway declined 0.09 of one cent to 2.02 US cents with investors swapping 10,151 units.
In the preference segment, JMMB Group US8.5% preference share sank 2 cents and ended at US$1.18 after an exchange of 5,565 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.