Junior Market recovers some losses

Trading activity closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with a 72 percent decline in the volume of stocks traded, carrying a 79 percent lower value than Tuesday with trading in 39 securities on both days and ending with prices of 14 rising, 12 declining and 13 closing unchanged including Iron Rock Insurance that closed at a 52 weeks’ high.
The market closed with trading of 3,536,843 shares at $6,698,902 down from 12,699,115 units at $31,583,992 on Tuesday.
Trading averaged 90,688 shares at $171,767 compared to 325,618 units at $809,846 on Tuesday with trading month to date, averaging 231,865 units at $425,984 down from 250,786 stock at $460,054 on the previous day and July with an average of 358,542 units at $736,760.
Dolla Financial led trading with 780,363 shares for 22.1 percent of total volume followed by EduFocal with 732,539 stocks for 20.7 percent of the day’s trade and Mailpac Group with 456,031 units for 12.9 percent market share.
At the close of trading, the Junior Market Index climbed 45.08 points to 3,624.09, well below the levels at the start of the month and just a fraction of the 183 points loss for August, up to Tuesday.
The Junior Market ended trading with an average PE Ratio of 12.2, 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 six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Cargo Handlers sank 31 cents to $11.99 in switching ownership of 3,089 stocks, Caribbean Assurance Brokers dropped 9 cents to end at $3.75 after 32,135 units passed through the market, Caribbean Flavours lost 38 cents in closing at $1.12 with investors swapping 87,907 shares. Consolidated Bakeries slipped 5 cents to close at $2.05 in an exchange of 194 stock units, prior to the company reporting a loss in its second quarter. Dolla Financial climbed 19 cents to finish at $3 in trading 780,363 shares, Dolphin Cove sank $1.14 and ended at $21.80 with investors dealing in 5,614 stock units ahead of reduced results for the half year. Future Energy popped 10 cents to $3.30, with 37,646 stocks changing hands, Image Plus skidded 12 cents to end at $1.60 with investors trading 35,976 units, Iron Rock Insurance increased 15 cents in closing at a 52 weeks’ high of $3.15 1,443 stocks crossing the exchange, ahead of the release of six months results that showed a major 40 percent jump in revenues in the June quarter and 35 percent for the half year and an improvement in profitability versus 2023. Knutsford Express advanced $1.17 to close at $10.92 with traders dealing in 550 units, Main Event rose 95 cents and ended at $11.95 after it closed with an exchange of 20 shares and Paramount Trading fell 9 cents to finish at $1.01 as investors exchanged 1,000 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Juniors jump, Main Market drops

The Main Market of the Jamaica Stock Exchange lost much ground in trading on Wednesday, with the Junior Market Making a big recovery from losses since the start of the month, with the JSE USD market closing moderately higher 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 30 shares rising and 30 declining.
At the close of trading, the JSE Combined Market Index shed 416.23 points to close at 320,442.76, the All Jamaican Composite Index dropped 1,788.64 points to settle at 347,994.96 and the JSE Main Index slipped 768.55 points to 307,919.27. The Junior Market Index jumped 45.08 points to end the day at 3,624.09 and the JSE USD Market Index gained 1.16 points to end at 222.92.
At the close of trading, 31,223,872 shares were exchanged in all three markets, down from 39,619,341 units on Tuesday, with the value of stocks traded on the Junior and Main markets amount to $135.87 million, just below the $145.78 million on the previous trading day and the JSE USD market closed with an exchange of 729,458 shares for US$33,442 compared to 16,703,911 units at US$317,585 on Tuesday.
In Main Market activity, Radio Jamaica led trading with 10.42 million shares followed by Carreras with 8.55 million units, Transjamaican Highway with 2.39 million stocks, Wigton Windfarm with 1.82 million shares and JMMB Group 7.35% – 2028 with 1.16 million units.
In Junior Market trading, Dolla Financial led trading with 780,363 shares followed by EduFocal with 732,539 units and Mailpac Group with 456,031 stocks.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.1 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.

BOJ CD rates drop below 9%

Rates dropped on the latest Bank of Jamaica Certificate of Deposit offer of $33 billion, resulting in an average yield for successfully allocated bids of 8.84 percent, down from 9 percent last week.
The country’s central bank received 454 bids amounting to $65.9 billion of which 224 were successful.
The auction, will result in $121 billion in outstanding short term CDs, down from $124 billion last week. In late March the total short term CD was just under $160 billion. The reduction in the amounts taken from the market represents a meaningful increased in liquidity when interest that was paid on the CDs is factored in.

RA Williams set for a torrid listing

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Initial Public Offer (IPO) was all the rage a few short years ago but that seems to have changed, at least for the time being, with prices of the five of the last IPO underwater, Regency Petroleum is the exception with the stock trading consistently above the $1 IPO price.  
R.A. Williams Distributors issue of 400 million shares to the public at $1 each in July, seems set to follow the fortunes of recent offers that enjoyed minimal oversubscription. The company reports that all reserve applicants will get the full amounts offered and the public will get the first 5 million units and 56.01 percent of any excess. While the issue successfully raised the amount needed by the company it is not a resounding success in terms of following.
The company will have to improve considerably on the financial results to April to have a sustainable bounce in price.

Dropping interest rates

Last week Wednesday Bank of Jamaica offered just $7 billion in CDs to the money market that was gobbled up with more than $32 billion from 247 bids chasing it, only 51 bids were successful.
The issue resulted in rates falling to their lowest levels on 28 CDs since August 2, 2023, with an average of 9 percent, down from the previous week with an average yield for successful bids clearing at 9.34% in the auction of CDs held on July 31. The rate is down from 9.54 percent on July 24 when $50 billion was offered to the public and ended with $132 billion in outstanding 28 day CDs.
At the auction on July 31, $31 billion was offered and was chased by 404 bids amounting to $45.47 billion, resulting in $126 billion outstanding in 28 days CDS.
This week’s auction offers $33 billion which is lower than the $36 billion that matures plus interest due on the CDs that matures this week and seems set to result in a further rate reduction.

Trading rise on the JSE Main Market

Trading picked up on the Jamaica Stock Exchange Main Market on Tuesday, with the volume of stocks traded rising 38 percent and the value 139 percent more than on Monday, following trading in 58 securities up from 57 on Monday, with prices of 20 stocks rising, 29 declining and nine ending unchanged.
The market closed with 10,216,315 shares trading for $114,195,348 up from 7,412,487 units at $47,727,836 on Monday.
Trading averaged 176,143 shares at $1,968,885 compared to 130,044 units at $837,330 on Monday and month to date, an average of 317,641 units at $3,303,582 compared with 341,224 units at $3,526,031 on the previous day and July with an average of 602,415 units at $5,405,031.
Transjamaican Highway led trading with 3.03 million shares for 29.7 percent of total volume followed by Wisynco Group with 1.40 million units for 13.7 percent of the day’s trade, Wigton Windfarm with 1.11 million units for 10.8 percent of market share and Sagicor Select Financial Fund with 1.05 million units for 10.2 percent of total volume.
The All Jamaican Composite Index skidded 1,646.71 points to 349,783.60, the JSE Main Index dipped 1,411.14 points to 308,687.82 and the JSE Financial Index fell 0.07 points to lock up trading at 65.18.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts 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 five with lower offers.
At the close of trading, Berger Paints slipped 53 cents in closing at $6.85 with 216,860 shares crossing the exchange, following the release of positive six months results, First Rock Real Estate climbed 55 cents to $10.85 in trading 584 stocks, General Accident rose 70 cents and ended at $7.05 after a transfer of 3,043 shares. Jamaica Broilers lost $2.70 to finish at $33.05 after closing with an exchange of 365,791 stock units, Jamaica Producers declined $1 to end at $23 in an exchange of 905,437 shares, Jamaica Stock Exchange advanced 83 cents to close at $10.96 with traders dealing in 1,110 stocks. JMMB Group sank 99 cents to $23.01 with 55,473 units clearing the market, Kingston Properties popped 40 cents to finish at $9.40 after trading in 1,214 stock units, Kingston Wharves rallied $1 and ended at $28.50 with an exchange of 3,432 shares. Lasco Manufacturing dropped 38 cents to close at $6.52 with 58,916 stock units passing through the market, NCB Financial shed $1 to end at $50 after an exchange of 221,493 units, Portland JSX fell 65 cents in closing at $10.15 with a transfer of 976 stocks. Proven Investments increased $1.26 to $17.80 with investors dealing in 3,636 units, Scotia Group skidded $2.45 and ended at $42.30 in an exchange of 267,703 shares, Sygnus Real Estate Finance sank 67 cents in closing at $8.04 with investors trading 3,000 stocks and Wisynco Group dipped 30 cents to end at $19.90 in switching ownership of 1,402,808 stock units.
In the preference segment, Eppley 7.50% preference share sank $1.04 to finish at $5.92 with 2,493 shares crossing the market, Jamaica Public Service 7% gained $1.77 to close at $48 with investors swapping 145 stocks, 138 Student Living preference share popped $10.16 to $210 after an exchange of 6 units and Sygnus Credit Investments C10.5% dropped $3 and ended at $101, with 600 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican blows up trading on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded surging 13,151 percent with an 8,883 percent greater value than on Monday, following a big trade in Transjamaican Highway shares, resulting in the exchange of six securities, compared to seven on Monday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 16,703,911 shares for US$317,585 well up on 126,060 stock units at US$3,535 on Monday.
Trading averaged 2,783,985 stock units at US$52,931 versus 18,009 shares at US$505 on Monday, with a month to date average of 414,766 shares at US$8,925 compared with 50,271 units at US$2,155 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index advanced 0.32 points to close trading at 221.76.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, First Rock Real Estate USD share rallied 0.94 of one cent in closing at 4.74 US cents as investors exchanged just one stock unit, Proven Investments rose 0.09 of a cent to 10.9 US cents, with 405 shares being traded, Sterling Investments ended at 1.64 US cents in trading a mere 3 stocks. Sygnus Real Estate Finance USD share gained 0.2 of a cent to finish at 9 US cents with 1,600 units crossing the market and Transjamaican Highway dropped 0.09 of a cent to end at 1.9 US cents with traders dealing in 16,701,897 shares.
In the preference segment, Sygnus Credit Investments E8.5% sank 83.99 cents to close at US$9.50 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on Junior Market

Trading activity jumped on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 44 percent rise in the volume of stocks traded, with 92 percent more value than Monday following trading in 39 securities compared with 41 on Monday and ending with prices of 20 rising, 12 declining and seven closing unchanged.
The market closed with trading of 12,699,115 shares for $31,583,992 compared with 8,838,672 units at $16,421,905 on Monday.
Trading averaged 325,618 shares at $809,846 compared to 215,577 units at $400,534 on Monday with the month to date, averaging 250,786 units for $460,054 compared with 239,205 stock units at $405,920 on the previous day and July that ended with an average of 358,542 units at $736,760.
Express Catering led trading with 5.01 million shares for 39.4 percent of total volume followed by EduFocal with 2.86 million units for 22.5 percent of the day’s trade and Dolla Financial with 2.04 million stock units for 16.1 percent of the total volume traded.
At the close of trading, the Junior Market Index dropped 11.33 points to end trading at 3,579.01.
The Junior Market ended 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 three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging gained 13 cents to close at $2.94 with investors trading 14,539 units, Blue Power declined 19 cents to $4.29 with 3,005 stocks clearing the market, Caribbean Assurance Brokers popped 36 cents to $3.84 with investors trading just 179 shares. Consolidated Bakeries rallied 50 cents to finish at $2.10 100 stock units crossing the exchange, EduFocal lost 5 cents to end at 34 cents after a transfer of 2,862,928 shares, Fontana climbed 6 cents in closing at $8.21 with trading in 31,093 units. Fosrich fell 6 cents to $2.14 in an exchange of 468,186 stocks, Future Energy sank 6 cents in closing at $3.20, with 23,011 stock units changing hands, Honey Bun rose 25 cents and ended at $8.50 with investors swapping 10,800 shares. Indies Pharma shed 18 cents to end at $2.47 and closed with an exchange of 138,208 units, Jamaican Teas sank 5 cents to close at $2.20, with 12,767 stocks crossing the market, JFP Ltd rallied 6 cents to finish at $1 with investors trading 39,036 stocks. Regency Petroleum advanced 5 cents to end at $2.20 after 122,276 shares passed through the market, Stationery and Office Supplies popped 5 cents to close at  $.70 in switching ownership of 147,670 stocks, Tropical Battery gained 7 cents to finish at $2.28 as investors exchanged 80,037 units and tTech slipped 23 cents to close at $2.07 with a transfer of 997 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on all JSE markets, with falling prices

Trading picked up sharply in all three markets of the Jamaica Stock Exchange on Tuesday resulting in losses in the Main and Junior Markets with the JSE USD market closing marginally higher as trading ended with the number and value of stocks changing hands jumping sharply over the previous trading day, resulting in prices of 33 shares rising and 39 declining.
At the close of trading, the JSE Combined Market Index declined by 1,431.14 points to 320,858.99, the All Jamaican Composite Index lost 1,646.71 points to end at 349,783.60, the JSE Main Index dropped by 1,411.14 points to 308,687.82. The Junior Market Index dropped 11.33 points to end the day at 3,579.01 and the JSE USD Market Index popped 0.32 points to finish at 221.76.
At the close of trading, 39,619,341 shares were exchanged in all three markets, up from 16,377,219 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $145.78 million, well over the $64.15 million on the previous trading day and the JSE USD market closed with an exchange of 16,703,911 shares for US$317,585 compared to 126,060 units at US$3,535 on Monday, with Transjamaican Highway ended with trading of 16.7 million USD shares.
In Main Market activity, Transjamaican Highway led trading with 3.03 million shares followed by Wisynco Group with 1.40 million stock units, Wigton Windfarm with 1.11 million units and Sagicor Select Financial Fund with 1.05 million shares.
In Junior Market trading, Express Catering led trading with 5.01 million shares followed by EduFocal with 2.86 million stocks and Dolla Financial with 2.04 million units.
In the preference segment,
The market’s PE ratio, the most popular measure used to value stocks, ended at 18.9 on 2023-24 earnings and 13.1 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 jumps prices fall on Trinidad Exchange

Investors pumped vastly more funds into the Trinidad and Tobago Stock Exchange on Tuesday, than Monday resulting in the volume of stocks traded surging 781 percent, valued 322 percent more than on Monday resulting from trading in 16 securities down from 21 on Monday and ending with prices of one stock rising, eight declining and seven ending firm.
The market closed with trading of 834,319 shares for $3,392,494 up sharply from 94,688 stock units at $803,804 on Monday.
An average of 52,145 shares were traded at $212,031 up from 4,509 units at $38,276 on Monday, with trading month to date averaging 20,348 shares at $98,228 compared with 16,405 units at $84,140 on the previous day and an average for July of 12,380 shares at $139,960.
The Composite Index shed 3.31 points to end the day at 1,099.73, the All T&T Index skidded 6.40 points to 1,634.28, the SME Index remained at 78.26 and the Cross-Listed Index ended unchanged at 73.87.
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, Ansa McAl ended trading with investors swapping 1,526 stock units at $63, Calypso Macro Investment Fund lost 22 cents to close at $24 in an exchange of 20 shares, First Citizens Group dropped 75 cents in closing at $42.50 after investors traded 422 stocks. FirstCaribbean International Bank fell 5 cents to $7 as investors exchanged 90 units, Guardian Holdings remained at $14.50 after 83 stocks passed through the market, Guardian Media declined 3 cents to finish at $1.62 after an exchange of 2,250 shares. Massy Holdings slipped just 1 cent and ended at $3.54 with investors dealing in 811,533 stock units, National Flour Mills remained at $2, with 100 units crossing the market, One Caribbean Media dipped 5 cents to finish at $3.15 with an exchange of 5,776 shares. Prestige Holdings ended at $10.98, with 25 units crossing the market, Republic Financial rose 80 cents in closing at $113.80 with traders dealing in 2,479 stocks, Scotiabank sank 69 cents to end at $59 after a transfer of 269 stock units. Trinidad & Tobago NGL ended at $6.26 in trading 2,877 shares, Trinidad Cement slipped 14 cents to end at $2.84, with 6,449 stock units changing hands, Unilever Caribbean remained at $10.75 with investors trading 45 units and West Indian Tobacco ended at $7.50 in switching ownership of 375 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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