New record high for JSEUSD Market.
The Jamaica Stock Exchange delivered another record high in trading on Wednesday as the JSE USD market closed at a record high as the Main Market higher indices ended mixed and Junior Market slipped modestly after heading close to the 3,900 points mark in early trading as market activity ended with the number and value of stocks changing hands rising, resulting in prices of 34 shares rising and 35 declining.
At the close of trading, the JSE Combined Market Index climbed 323.60 points to close at 348,936.89, the All Jamaican Composite Index dropped 508.84 points to cease trading at 376,174.82, the JSE Main Index gained 401.57 points to wrap up trading at 336,328.76.
The Junior Market Index fell 6.05 points to conclude trading at 3,826.69 and the JSE USD Market Index rose 5.58 points to finish at 266.74.
At the close of trading, 73,323,889 shares were exchanged in all three markets, up from 16,093,329 units on Thursday, with the value of stocks traded on the Junior and Main markets amounting to $126.9 million, up from $57.13, million on the previous trading day and the JSE USD market closed with an exchange of 268,496 shares for US$15,237 compared to 112,337 units at US$43,069 on Tuesday.
Trading in the Main Market was dominated by Wigton Windfarm with 59.78 million shares being traded followed by Transjamaican Highway with 6.32 million units and JMMB Group 7.35% – 2028 with 811,810 stocks.
In the Junior Market, Future Energy led trading with 568,932 shares followed by One Great Studio with 412,114 units and Jamaican Teas with 342,022 units.
In the preference segment, Jamaica Public Service 7% jumped $4 in closing at $49 and Productive Business Solutions 9.75% preference share declined $19.97 to $95.03.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.2 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 navigate numerous investment options successfully in the 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 for investors 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 market closed trading with an exchange of 213,794 shares for $4,968,552 compared to 148,947 stock units at $904,936 on Tuesday.
At the close, Agostini’s ended at $68.50 with an exchange of 23,570 stocks, Angostura Holdings remained at $20 trading 879 units, Ansa McAl ended at $53 after a transfer of 2,360 shares. First Citizens Group popped 1 cent to end at $49.01 with investors dealing in 2,092 stock units, Guardian Holdings gained 75 cents to close at $17.75 with an exchange of 279 shares, JMMB Group lost 4 cents to finish $1.40 with investors trading 5,000 units. Massy Holdings rose 3 cents and ended at $4.35 in an exchange of 89,822 stocks, National Flour Mills remained at $2 with traders dealing in 100 stock units, Point Lisas climbed 1 cent to $4 after 23,267 shares passed through the market. Prestige Holdings dropped 75 cents in closing at $10.50 while exchanging 9,115 stocks, 
Republic Financial increased 59 cents to $119.99 and closed with an exchange of 9,635 units, Scotiabank remained at $72 changing hands 15,219 stock units. Trinidad & Tobago NGL ended at $9 as investors exchanged 24,530 shares, Trinidad Cement fell 20 cents and ended at $2.80 in switching ownership of 250 units, Unilever Caribbean sank 50 cents to close at $11.20 with investors transferring 1,096 stocks and West Indian Tobacco advanced 15 cents to $9.35 after exchanging 6,580 stock units.
The market closed with 9,981,935 shares trading for only $45,441,226 compared with 15,142,311 units at $54,478,058 on Monday.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
NCB Financial lost $2.25 to end at $67.25 with an exchange of 14,606 stock units, Proven Investments gained $2.11 in closing at $23.69, with 650 units passing through the market, Pulse Investments lost 8 cents in closing at a 52 weeks’ low of $1.71 after an exchange of 236,987 shares. Sagicor Group rose 58 cents to close at $41.78 with a transfer of 70,979 stocks, Scotia Group dropped 50 cents and ended at $46.50 after investors exchanged 55,564 units and Seprod fell $2.20 to $85 with investors swapping 29,566 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 112,337 shares for US$43,069 compared to 301,898 units at US$10,518 on Monday.
At the close, Proven Investments ended at 14.5 US cents in an exchange of 25 units, Sygnus Credit Investments increased 0.01 of a cent to 9 US cents with 2,700 stocks clearing the market and Transjamaican Highway lost 0.13 of a cent and ended at 2.11 US cents after trading at a record intraday high of 2.68 US cents after a transfer of 105,420 shares.
At the close of trading, the JSE Combined Market Index declined by 630.92 points to close at 348,613.29, the All Jamaican Composite Index shed 930.44 points to culminate at 376,683.66, the JSE Main Index fell 669.73 points to end at 335,927.19. The Junior Market Index slipped 0.32 points to end the day at 3,832.74.and the JSE USD Market Index dropped 1.80 points to settle at 261.16.
In the Junior Market, EduFocal led with 2.37 million shares followed by Regency Petroleum with 681,910 units and One Great Studio with 599,993 stock units.
The net asset value of each company is reported as a guide for investors 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.
The market closed with trading of 5,999,057 shares with a value of $11,692,307 compared to 17,393,006 units at $33,138,784 on Monday.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
Mailpac Group rose 11 cents to $2.20 with investors dealing in 30,795 stock units. ONE on ONE Educational skidded 6 cents and ended at 93 cents in an exchange of 44,067 shares, Regency Petroleum fell 18 cents to close at $2.17 with 681,910 units crossing the market, Spur Tree Spices dropped 18 cents to end at $2.42 after an exchange of 150,911 stocks. Tropical Battery lost 8 cents to $2.32, with 61,555 stock units crossing the market and tTech declined 45 cents and ended at $2 with investors transferring 31,023 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed trading with an exchange of just 148,947 shares for $904,936 compared to 168,883 stock units at $1,590,292 on Monday.
At the close, Agostini’s remained at $68.50 with traders dealing in 1,130 stock units, Ansa Merchant Bank fell $4 to close at $41.50, with 35 shares clearing the market, Calypso Macro Investment Fund dipped 50 cents to end at $23 with investors dealing in 248 stocks. First Citizens Group slipped 21 cents to end at $49 after an exchange of 3,854 stock units, FirstCaribbean International Bank ended at $7.05 after 5 shares were traded, GraceKennedy skidded 1 cent to $3.98 after 1,072 stock units passed through the market. JMMB Group slipped 1 cent in closing at $1.44 with investors swapping 50,061 units, L.J. Williams B share dipped 10 cents to close at $1., with 500 stocks crossing the market, Massy Holdings remained at $4.32 with investors trading 57,340 shares. National Enterprises ended at $3.90 in an exchange of 9,259 stocks,
National Flour Mills ended at $2 with investors transferring 153 units, NCB Financial shed 30 cents to close at $3.20 and closed with 9,940 stock units changing hands. Point Lisas ended at $3.99 as investors exchanged 20 shares, Prestige Holdings gained 75 cents to end at a 52 weeks’ high of $11.25 in switching ownership of 17 stocks, Republic Financial popped 40 cents and ended at $119.40 after exchanging 942 units. Trinidad & Tobago NGL remained at $9 with a transfer of 13,017 stock units, Trinidad Cement ended at $3, with 333 shares crossing the exchange, Unilever Caribbean advanced 10 cents to end at $11.70 in trading 221 stocks and West Indian Tobacco ended at $9.20 in an exchange of 800 units.
The market closed with trading of 17,393,006 shares for $33,138,784 compared with 7,362,444 units at $19,399,707 on Friday.
13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Indies Pharma dropped 13 cents to close at $2.57 while exchanging 56,033 stock units, ISP Finance rose $3.40 to $31.50 with a transfer of just one stock, Jamaican Teas advanced 25 cents to close at $2.65 after exchanging 5,590 units. Jetcon Corporation gained 8 cents in closing at 99 cents with investors trading 90,875 shares, JFP Ltd lost 12 cents to end at $1.38 in switching ownership of 33,212 stock units, Knutsford Express popped $1.47 and ended at $11.98 as investors exchanged 1,375 stocks. Lasco Distributors advanced 26 cents to $4.46 and closed with an exchange of 22,535 units, Lumber Depot dipped 20 cents and ended at $2.60 with investors swapping 2,032 shares, Mailpac Group fell 16 cents to close at $2.09, with 583,003 stock units crossing the market and Spur Tree Spices rose 20 cents in closing at $2.60 with traders dealing in 16,868 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Monday, the JSE Combined Market Index climbed 101.90 points to 349,244.21, the All Jamaican Composite Index gained 1,226.40 points to 377,614.10, the JSE Main Index added 28.93 points in trading at 336,596.92. The Junior Market Index dipped 0.32 points to end at 3,832.74 and the JSE USD Market Index increased 4.71 points to wrap-up trading at 262.96.
In the Junior Market, EduFocal led trading with 2.37 million shares followed by Regency Petroleum with 681,910 units and One Great Studio with 599,993 units.
The net asset value of each company is reported as a guide for investors 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.
Sterling Investments rallied 0.29 of a cent to end at 1.99 US cents after 5,019 shares were exchanged. Sygnus Credit Investments rose 0.19 of a cent in closing at 8.99 US cents after 2,780 stocks changed hands and Transjamaican Highway gained 0.13 of a cent to close at 2.24 US cents after an exchange of 291,350 shares.
