Trading fell back from Wednesday’s surge to close November on the Main and Junior markets lower than October, with JSE USD Market closing marginally higher at the end of trading on Jamaica Stock Exchange on Thursday, following reduced traded volume compared to Wednesday.
The JSE Combined Market Index popped 2,530.12 points to finish at 328,585.35, at the same time the All Jamaican Composite Index jumped 2,968.81 points to 349,935.85, the JSE Main Index rallied 1,982.67 points to 315,147.63. The Junior Market Index surged 76.62 points to lock up trading at 3,771.09 and the JSE USD Market Index lost 0.40 points to end at 227.86.
Investors traded 38,220,893 shares, in all three markets, down from 86,557,262 units on Wednesday. The value of stocks traded on the Junior and Main markets was $102.4 million up from $405.12 million on Wednesday. The JSE USD market closed with trading of 826,627 shares at US$14,407 compared 22,289,394 units at US$1,286,713 on Wednesday.
In the preference segment, there were no stocks trading with notable price movements.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.8 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 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 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.
Increased trading for Trinidad Exchange
Trading picked up on the Trinidad and Tobago Stock Exchange on Thursday and drove the market mildly higher to close November positively, with the volume of stocks traded rising 39 percent with a value 113 percent more than on Wednesday and resulted in the trading of 20 securities compared with 20 on Wednesday, with four stocks rising, eight declining and eight remaining unchanged.
Investors exchanged 176,605 shares for $1,382,075 up from 127,356 stock units at $650,155 on Wednesday.
An average of 8,830 units were traded at $69,104 compared to 6,368 shares at $32,508 on Wednesday, with trading month to date averaging 19,241 shares at $227,402 compared with 19,821 units at $236,222 on the previous day. The average for October amounts to 15,711 shares at $151,451.
The Composite Index rallied 1.09 points to close trading at 1,185.60, the All T&T Index increased 2.12 points to conclude trading at 1,792.10, the SME Index remained at 80.00 and the Cross-Listed Index remained unchanged at 75.11.
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 remained at $68, with 1,088 units clearing the market, Angostura Holdings ended at $21.50 closed with an exchange of 5 stocks, Calypso Macro Investment Fund ended at $22.76 40 shares crossing the exchange. First Citizens Group fell 1 cent to $49.10 with investors trading 2,766 stocks, FirstCaribbean International Bank ended at $7 after an exchange of 14,148 shares, GraceKennedy shed 5 cents to $4 with investors swapping 13,581 units. Guardian Holdings declined 80 cents to end at $18.10 in trading 1,152 stocks, Guardian Media lost 19 cents and closed at $2.01, with 652 stock units crossing the market, JMMB Group skidded 1 cent to close at a 52 weeks’ low of $1.34 with an exchange of 16,754 shares. L.J. Williams B share ended at $2.26 after investors traded 5 stock units, Massy Holdings rallied 1 cent to $4.45 after an exchange of 62,849 units, National Enterprises rose 1 cent in closing at $3.55, with 631 stocks crossing the market. National Flour Mills dipped 20 cents to end at $1.52 as investors exchanged 4,652 units, NCB Financial rose 15 cents to $3, with 8,617 stocks changing hands, Republic Financial remained at $120 in an exchange of 1,874 shares. Scotiabank ended at $69.90 with traders dealing in 3,998 stock units, Trinidad & Tobago NGL ended at $10.54 while exchanging 315 shares, Trinidad Cement dropped 14 cents to $2.86 in switching ownership of 40,568 units. Unilever Caribbean shed 16 cents to close at $11.29 with investors exchanging 10 stocks and West Indian Tobacco popped 25 cents and ended at $9.25 with a transfer of 2,900 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
First Rock trades 19m shares in JSE USD Market
Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands surging 16,744 percent valued 15,601 percent more than on Tuesday and resulting with trading of seven securities , compared to three on Tuesday with four rising, no declining and three ending unchanged.
Overall, 22,289,394 shares were traded, for US$1,286,713 compared to 132,328 units at US$8,195 on Tuesday.
Trading averaged 3,184,199 shares at US$183,816 compared with 44,109 shares at US$2,732 on Tuesday, with a month to date average of 252,426 shares at US$14,653 compared with 79,969 units at US$4,702 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index advanced 4.45 points to cease trading at 228.23.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share inched 0.2 of a cent higher to 4.44 US cents after an exchange of 19,350,000 units, Margaritaville rose 1.79 cent to close at 13.79 US cents after a mere one stock passed through the market, MPC Caribbean Clean Energy ended at 57 US cents with 1,187 shares changing hands, Proven Investments ended at 15 US cents after an exchange of 2,771,930 stock units, Sterling Investments advanced 0.1 of a cent to end at 1.6 US cents after 1,206 shares were traded, Sygnus Credit Investments remained at 8.71 US cents in an exchange of 65,266 units and Transjamaican Highway popped 0.01 of a cent to 1.56 US cents, with 99,804 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on Trinidad Stock Exchange
Trading dropped sharply at the close of the Trinidad and Tobago Stock Exchange on Wednesday, with a 68 percent decline in the volume of stocks traded with the value plunging 95 percent compared with market activity on Tuesday, resulting in trading of 20 securities similar to Tuesday, and ended with prices of six stocks rising, seven declining and seven remaining unchanged.
Investors traded 127,356 shares for $650,155, down sharply from 394,964 stocks at $12,948,709 on Tuesday.
Trading ended with an average of 6,368 shares exchanged for $32,508 compared to 19,748 units at $647,435 on Tuesday. Trading for the month to date ended with an average of 19,821 shares for $236,222 compared with 20,614 stock units at $248,241 on the previous day. The average trade for October amounts to 15,711 shares at $151,451.
The Composite Index dipped 5.56 points to wrap-up trading at 1,184.51, the All T&T Index declined 13.99 points to close at 1,789.98, the SME Index remained unchanged at 80.00 and the Cross-Listed Index popped 0.48 points to settle at 75.11.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s rallied 50 cents to close at $68, with 15 stock units passing through the market, Angostura Holdings skidded 64 cents to $21.50 in an exchange of 276 units, Ansa McAl fell $3 to $54 after 92 shares passed through the market. Endeavour Holdings ended at $15 after investors traded 10 stocks, First Citizens Group ended at $49.11 after 1,760 shares were exchanged, FirstCaribbean International Bank closed at $7 after 930 stocks were traded. GraceKennedy popped 15 cents to end at $4.05 with an exchange of 34,757 stock units, Guardian Media advanced 19 cents in closing at $2.20, with 20stock units crossing the market, JMMB Group remained at $1.35 in an exchange of 1,299 shares. L.J. Williams B share remained at $2.26 with investors dealing in 970 stocks, Massy Holdings rose 1 cent to $4.44 after a transfer of 8,005 units, National Enterprises dipped 1 cent to close at $3.54 in trading 67,451 stock units. NCB Financial ended at $2.85 after an exchange of 5,313 shares, One Caribbean Media gained 1 cent and ended at $3.53 with shareholders swapping 400 stock units, Point Lisas lost 4 cents and ended at $3.56 in switching ownership of 10 stocks. Prestige Holdings declined 50 cents to $10, with an exchange of 407 units, Republic Financial shed $1 in closing at $120 with traders dealing in 530 stocks, Scotiabank dipped 10 cents to $69.90 after an exchange of 166 units. Trinidad Cement increased 5 cents and ended at $3 with investors transferring 3,000 shares and Unilever Caribbean ended at $11.45, with 1,945 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All traded stocks fell on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 84 percent valued 80 percent lower than on Monday and resulted in three securities traded, compared to five on Monday with all three declining.
Overall, 132,328 shares were traded, for US$8,195 compared to 837,700 units at US$41,015 on Monday.
Trading averaged 44,109 units at US$2,732, versus 167,540 shares at US$8,203 on Monday, with a month to date average of 79,969 shares at US$4,702 compared with 80,896 units at US$4,753 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index fell 3.22 points to lock up trading at 223.77.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.4. 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 none with a lower offer.
At the close, Proven Investments fell 0.98 of one cent to end at 15 US cents with traders dealing in 43,281 stock units, Sygnus Credit Investments skidded 0.02 of a cent to 8.71 US cent in switching ownership of 4,000 units and Transjamaican Highway lost 0.15 of a cent in closing at 1.55 US cents with stakeholders exchanging 85,047 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.