Transjamaican Highway dominated trading with more than 12 million shares changing hands on the Jamaica Stock Exchange US dollar market on Wednesday and resulting in the volume of stocks traded surging 9,215 percent and the value 1,233 percent more than at the close on Tuesday and ending with an exchange of four securities, 
down from seven on Tuesday with prices of one rising two declining and one ending unchanged.
The market closed with an exchange of 12,237,755 shares for US$232,672 compared to 131,371 units at US$17,455 on Tuesday.
Trading averaged 3,059,439 shares at US$58,168, sharply up from 18,767 stock units at US$2,494 on Tuesday, with a month to date average of 324,358 shares at US$8,998 compared with 214,954 units at US$7,032 on the previous day and July that ended with an average of 30,304 stocks for US$2,118.
The US Denominated Equities Index declined 2.39 points to wrap up trading at 226.68.
The PE Ratio, a well used 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 none with a lower offer.
At the close, Margaritaville declined 1.2 cents and ended at a 52 weeks’ low of 6.8 US cents with traders dealing in 737 stock units, Proven Investments advanced 0.2 of a cent to 9.8 US cents after a transfer of 882 shares, Sygnus Credit Investments remained at 7.1 US cents with 668 units changing hands and Transjamaican Highway slipped 0.01 of one cent to 1.9 US cents with an exchange of 12,235,468 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican big trading day
RA Williams’s torrid debut, big Main Market gains
The Jamaica stock market’s most recent initial public offering of ordinary shares of RA Williams Distributors had a torrid listing debut with the price closing at 82 cents, 18 cents below the IPO price of $1, on a day that Guardian Holdings jumped $49 to be the leading rising stock on the Jamaica Stock Exchange, with others putting in some sizable gains and leading the JSE Main Market into a solid rise on Wednesday.
At the close of trading, the Junior Market ended marginally higher and the JSE USD market closed lower as trading ended with the number of stocks changing hands in the market rose, with the value of stocks traded in the Main and junior markets falling from the previous day, resulting in prices of 39 shares rising and 27 declining.
At the close of trading, the JSE Combined Market Index jumped 3,935.25 points to 324,135.48, the All Jamaican Composite Index popped 2,662.59 points to close trading at 352,978.16 and the JSE Main Index surged 4,055.15 points to end at 311,876.23. The Junior Market Index gained just 8.05 points to end at 3,611.18 and the JSE USD Market Index shed 2.39 points to close at 226.68.
At the close of trading, 36,165,291 shares were exchanged in all three markets, up from 30,806,410 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $127.96 million, well below the $260.70 million on the previous trading day and the JSE USD market closed with an exchange of 12,237,755 shares for US$232,672 compared to 131,371 units at US$17,455 on Tuesday.
In Main Market activity, Sagicor Select Financial Fund led trading with 4.23 million shares, Radio Jamaica followed with 1.11 million stock units and Transjamaican Highway ended with 882,272 stocks.
In Junior Market trading, RA Williams, the most recently listed company, led trading with 2.92 million shares followed by Dolla Financial with 1.96 million stock units, Derrimon Trading was next with 1.82 million stocks, Jamaican Teas ended with 1.19 million units, MFS Capital Partners closed after trading 1.19 million shares and EduFocal with 1.02 million units.
In the preference segment, 138 Student Living preference share rose $35.60 to $197 and Sygnus Credit Investments C10.5% dipped $2.47 to finish at $101.43.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20 on 2023-24 earnings and 13.5 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.
Rising TT stocks beat out decliners by wide margin
Rising stocks beat out those declining 3 to 1 at the close of the Trinidad and Tobago Stock Exchange on Wednesday, following a pick up in trading with the volume of stocks traded rising 103 percent valued 100 percent more than on Tuesday, resulting from trading in 17 securities down from 21 on Tuesday and ending with prices of nine stocks rising, three declining and five ended firm.
Trading on Wednesday ended with an exchange of 850,075 shares for $5,833,959 compared with 418,148 stock units at $2,910,896 on Tuesday.
An average of 50,004 shares were traded for $343,174 compared with 19,912 stock units at $138,614 on Tuesday, with trading month to date averaging 19,742 shares at $137,397 compared with 18,164 units at $126,667 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index popped 0.03 points to finish at 1,064.15, the All T&T Index slipped 1.23 points to conclude trading at 1,600.27, the SME Index remained at 78.26 and the Cross-Listed Index rose 0.19 points to end at 68.65.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, Agostini’s ended at $66 75, with stock units changing hands, Angostura Holdings advanced 50 cents to $18 with 74 shares crossing the exchange, Ansa McAl popped 49 cents to finish at $63.50 with investors trading 80 units. First Citizens Group fell $1 to $44 after the trading of 187 stocks, FirstCaribbean International Bank rose 4 cents to $6.94 with traders dealing in 1,265 units, GraceKennedy increased 11 cents in closing at $3.41 with 9,860 shares changing hands. Guardian Media lost 5 cents to end at $1.60 with a transfer of 155 stock units, JMMB Group rose 10 cents and ended at $1.10 with investors swapping 13 stocks, Massy Holdings dipped 8 cents to $3.50 in switching ownership of 775,129 units.
National Enterprises remained at $3.07 with 6,110 shares crossing the market, National Flour Mills ended at $1.80 after an exchange of 100 stocks, NCB Financial remained at $2.56 in trading 670 stock units. One Caribbean Media gained 3 cents to close at $3.10 after an exchange of 95 shares, Republic Financial rallied $1 to $112 with investors trading 4,698 stocks, Scotiabank popped $3.49 to $55.50 after 44,476 units passed through the market. Trinidad & Tobago NGL remained at $5 with investors trading 2,134 stock units and West Indian Tobacco climbed 24 cents and ended at $6.44 with an exchange of 4,954 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More fall in Jamaican interest rates
Bank of Jamaica offered $31 billion worth of Certificate of deposits to the market today and was snapped up by the public with an oversubscription of $26.5 billion, with 443 bids amounting to $57.5 billion chasing after the amount offered.
The auction resulted in rates dropping again with an average yield of 7.61 percent, down from 7.99 percent last week. CD rates have fallen sharply from just under 12 percent in March as inflation in the country, dropped to an average of 4 percent currently. The average is now just under 100 basis points from the current overnight rate of 6.75 percent.
RA Williams share plunges on listing
Shares of the latest public offer to the market by RA Williams Distributors limited, distributors of pharmaceutical products in Jamaica, commenced trading on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the price falling sharply below the offer of $1, after hitting a low of 75 cents in the early morning session before rebounding to 84 cents but since then traded at 80 cents as investors head for the exit.
Just over one million shares were traded in the morning session of the Jamaica Stock Exchange, up to 11 o’clock. The stock continues to be under selling pressure, with more than one million shares lined up for sale below the IPO price. There are limited bids up to 78 cents, suggesting that the price is likely to fall further before settling.
The attached listing shows the outstanding orders minutes before 11 o’clock today.
The stock IPO price was in line with the average market value, leaving no room for growth in the short run. Some investors clearly saw that hence the lukewarm level of over subscription. Management now has work to do the repair the breach. The first think is to get earnings growing attractively to encourage increased buying and less selling.
Junior Market jumps
Trading activity picked up on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 37 percent rise in the volume of stocks traded, with 57 percent more value than on Monday from trading in 41 securities similar to Monday and ended with prices of 19 rising, 17 declining and five closing unchanged with the Market index jumping sharply by the close, after One Great Studio declined to a 52 weeks’ low and Lumber Depot closed at a 52 weeks’ high.
The market closed with trading of 12,025,717 shares for $22,278,049 compared with 8,781,829 units at $14,225,827 on Monday.
Trading averaged 293,310 shares at $543,367 up from 214,191 stocks at $346,971 on Monday with trading month to date, averaging 352,691 stock units at $481,054 compared with 356,375 units at $477,189 on the previous day and July averaging 358,542 shares at $736,760.
Jamaican Teas led trading with 5.55 million shares for 46.1 percent of total volume followed by ONE on ONE Educational with 1.98 million units for 16.5 percent of the day’s trade and EduFocal with 564,254 stocks for 4.7 percent market share.
At the close of trading, the Junior Market Index popped 46.21 points to 3,603.13.
The Junior Market ended trading with an average PE Ratio of 12.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose 6 cents in closing at $21.56, with 101 shares changing hands, 
AMG Packaging shed 5 cents to $2.76 with 6,104 stocks crossing the exchange, CAC 2000 shed 23 cents to end at $2.20 after a transfer of 433 shares. Caribbean Flavours popped 37 cents to finish at $1.49 with 6,711 stock units passing through the market, Consolidated Bakeries sank 5 cents and ended at $2.20 in an exchange of 84 shares, Derrimon Trading rallied 8 cents to close at $1.90 with 373,769 stocks clearing the market. Elite Diagnostic rallied 12 cents to close at $1.70 with investors trading 66,403 units, Fosrich rose 11 cents to $2.21 after an exchange of 367,752 stock units, Honey Bun skidded 40 cents and ended at $8, with 15,505 shares crossing the market. iCreate gained 5 cents to end at 43 cents in switching ownership of 60,001 stocks, Iron Rock Insurance sank 15 cents to close at $3 after an exchange of 115,414 units, Jamaican Teas advanced 10 cents to finish at $2.20 in trading 5,549,785 stock units. Knutsford Express dropped $2.56 to $8.01 and closed with 2,001 shares changing hands, Lasco Financial rose 15 cents to finish at $1.75 in an exchange of 1,490 units, Lumber Depot rallied 25 cents and ended at a 52 weeks’ high of $2.99 with investors swapping 453,842 stocks. 
Mailpac Group popped 5 cents to close at $2.15 with 267,468 stock units crossing the market, Main Event advanced 10 cents to end at $10.10 with investors trading 285 shares, MFS Capital Partners lost 8 cents in closing at 64 cents with an exchange of 173,567 units. Spur Tree Spices increased 13 cents to $1.81 with a transfer of 151,145 stocks, Stationery and Office Supplies climbed 7 cents to end at $1.67 with investors dealing in 221,881 stock units, Tropical Battery gained 6 cents in closing at $2.44 as investors exchanged 71,568 shares and tTech slipped 8 cents to close at $2.02 in trading 17,240 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
Trading jumped on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 21 percent and the value surging 483 percent over that on Monday, with trading in 61 securities compared with 59 on the previous day, with prices of 32 stocks rising, 20 declining and nine ending unchanged.
Trading ended with an exchange of 18,649,323 shares for $238,426,421 compared with 15,366,921 units at $40,907,311 on Monday.
Trading averaged 305,727 shares at $3,908,630 compared with 260,456 units at $693,344 on Monday, with trading month to date, averaging 310,145 stock units at $2,450,989 compared with 310,438 stock units at $2,354,341 on the previous day and July with an average of 602,415 units at $5,405,031.
Radio Jamaica led trading with 10.35 million shares for 55.5 percent of total volume followed by NCB Financial with 3.86 million stock units for 20.7 percent of the day’s trade, Wigton Windfarm ended with 1.12 million stocks for 6 percent market share and Sagicor Select Financial Fund with 1.01 million units for 5.4 percent of total volume.
The All Jamaican Composite Index rallied 483.03 points to 350,315.57, the JSE Main Index surged 3,012.06 points to 307,821.08 and the JSE Financial Index popped 0.04 points to end at 64.56.
The Main Market ended trading with an average PE Ratio of 14.3.The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasted by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of market activity, AS Bryden climbed $6.32 to finish at $39.94 after an exchange of 24 stocks, Berger Paints increased 50 cents to $6.85 with 130 shares crossing the market, Eppley shed $3 in closing at $35 with investors dealing in 624 stock units. Eppley Caribbean Property Fund popped $1.20 and ended at $42 in switching ownership of 3,305 stock units, First Rock Real Estate sank 62 cents to end at $10.30 with investors trading 52,951 stocks, General Accident jumped 91 cents to close at $6.41 with 343 shares changing hands. GraceKennedy rose 50 cents to $74 in trading of 69,888 units, Jamaica Producers advanced $2 to end at $22 after an exchange of 7,697 stock units, Jamaica Stock Exchange rallied 82 cents in closing at $10.85 with a transfer of 140,200 shares. Massy Holdings increased $6 to finish at $76 with investors swapping 8,567 units, NCB Financial skidded $2 and ended at $51 in an exchange of 3,864,679 stocks, 
Portland JSX climbed 65 cents to close at $10.80 with traders dealing in 150 stock units. Sagicor Group fell 60 cents to $39.50 after 26,135 shares passed through the market and Seprod popped $1.29 to end at $86.29 in an exchange of 2,632 stocks.
In the preference segment, Eppley 7.75% preference share dipped 99 cents in closing at $19, with 3,728 units crossing the market, Jamaica Public Service 7% sank 50 cents to close at $47.50 with investors trading 215 stock units, 138 Student Living preference share gained $1.40 and ended at $161.40 with 15 shares crossing the exchange and Sygnus Credit Investments C10.5% rose $2.51 to finish at $103.90, with 500 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks outpaced decliners by big margin
Stocks jumped on the Jamaica Stock Exchange US dollar market on Tuesday, resulting in an exchange of seven securities, compared to six on Monday with prices of five rising and two declining, with the volume of stocks traded declining 53 percent with a 75 percent lower value than on Monday.
The market closed with an exchange of 131,371 shares for US$17,455 compared to 281,668 stock units at US$68,578 on Monday.
Trading averaged 18,767 stock units at US$2,494 versus 46,945 shares at US$11,430 on Monday, with a month to date average of 214,954 shares at US$7,032 compared with 229,721 stock units at US$7,373 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index increased 11.10 points to end at 230.63.
The PE Ratio, a most used measure for computing 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 ended with a bid higher than the last selling price and none with a lower offer.
At the close of trading, AS Bryden gained 2.94 cents to end at 25.43 US cents with a transfer of just one stock unit, First Rock Real Estate USD share popped 0.25 of one cent to 4.25 US cents after 4,702 stocks passed through the market, 
MPC Caribbean Clean Energy dipped 2.75 cents and ended at 72 US cents after a transfer of 40 shares. Proven Investments sank 0.2 of a cent in closing at 9.6 US cents with traders dealing in 15,549 stock units, Sygnus Credit Investments rallied 0.1 of one cent to finish at 7.1 US cents, with 1,332 shares passing through the market and Transjamaican Highway increased 0.01 of a cent to close at 1.91 US cents in trading 102,006 units.
In the preference segment, JMMB Group 5.75% climbed 12.75 cents to US$1.70 and closed after an exchange of 7,741 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets push higher
Rising stocks pushed the Jamaica Stock Exchange higher on Tuesday, with all markets recording solid gains at the end of trading following a surge in market activity with the number and the value of stocks changing hands jumping sharply, compared with trading on Monday, resulting in prices of 42 shares rising and 37 declining, including a $6.32 rise in the Price of AS Brydens and $6 for Massy Holdings.
At the close of trading, the JSE Combined Market Index jumped 3,210.79 points to 320,200.23, the All Jamaican Composite Index rose 483.03 points to 350,315.57 and the JSE Main Index rallied 3,012.06 points to 307,821.08. The Junior Market Index popped 46.21 points to 3,603.13 and the JSE USD Market Index rallied 9.73 points to finish at 229.07.
At the close of trading, 30,806,410 shares were exchanged in all three markets, up from 24,430,418 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $260.7 million, well over $55.13 million on the previous trading day and the JSE USD market closed with an exchange of 131,371 shares for US$17,455 compared to 281,668 units at US$68,578 on Monday.
In Main Market activity, Radio Jamaica led trading with 10.35 million shares followed by NCB Financial with 3.86 million stock units, Wigton Windfarm with 1.12 million units and Sagicor Select Financial Fund with 1.01 million shares.
In Junior Market trading, Jamaican Teas led trading with 5.55 million shares followed by ONE on ONE Educational with 1.98 million units and EduFocal with 564,254 stocks.
In the preference segment, Eppley 7.75% preference share dipped 99 cents in closing at $19, 138 Student Living preference share rallied $1.40 to $161.40 and Sygnus Credit Investments C10.5% rose $2.51 to $103.90.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.4 on 2023-24 earnings and 13.3 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.
More declines for Trinidadian stocks
Falling stocks dominated trading on the Trinidad and Tobago Stock Exchange on Tuesday, resulting in 21 securities trading up from 14 on Monday and ending with prices of three stocks rising, 10 declining and eight ending firm, with a 593 percent surge in the volume of stocks traded with 275 percent more dollars passing through the market than on Monday.
The market closed with an exchange of 418,148 shares for $2,910,896 compared to 60,375 stock units at $776,650 on Monday.
An average of 19,912 shares were traded at $138,614 compared with 4,313 units at $55,475 on Monday, with trading month to date averaging 18,164 shares at $126,667 up from 18,044 stocks at $125,844 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index slipped 2.24 points to settle at 1,064.12, the All T&T Index declined 2.53 points to end the day at 1,601.50, the SME Index remained at 78.26 and the Cross-Listed Index lost 0.27 points to end trading at 68.46.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Agostini’s ended at $66 as investors exchanged 109 stocks, Angostura Holdings slipped 56 cents to close at $17.50 in trading 245 units, Ansa McAl rose 1 cent to end at $63.01 with an exchange of 410 shares. Calypso Macro Investment Fund rallied 22 cents in closing at $24.22 with investors swapping 4,217 stock units, Endeavour Holdings ended at $15 with an exchange of 500 shares, First Citizens ended at $45 with 2,865 stocks being traded. FirstCaribbean International Bank slipped 5 cents to $6.90 with traders dealing in 3,879 stocks, GraceKennedy dipped 10 cents in closing at $3.30 in an exchange of 5,690 stock units, Guardian Holdings ended at $12.50 with investors dealing in 803 shares. JMMB Group sank 5 cents to finish at $1 after closing with 60,326 units being traded, Massy Holdings shed 2 cents to end at $3.58 in an exchange of 134,098 stocks, National Enterprises declined 7 cents to close at $3.07 after the trading of 2,833 stock units. National Flour Mills ended at $1.80 with a transfer of 25,381 shares, 
One Caribbean Media increased 7 cents to end at $3.07 after an exchange of 117 units, Prestige Holdings fell 20 cents in closing at $10.30 with investors trading 7,099 stocks. Republic Financial dropped $1.61 and ended at a 52 weeks’ low of $111 in switching ownership of 1,780 stock units, Scotiabank sank $3.49 to finish at a 52 weeks’ low of $52.01 after a transfer of 2,583 shares, Trinidad & Tobago NGL remained at $5 with investors trading 25,600 stocks. Trinidad Cement ended at $2.53 after 2,000 units passed through the market, Unilever Caribbean remained at $10.78 with 123,542 stock units changing hands and West Indian Tobacco skidded 30 cents to close at $6.20 with 14,071 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
