Trading ended on the Trinidad and Tobago Stock Exchange on Wednesday, with a sharp decline in the volume of stocks traded with investors exchanging 96 percent fewer shares on Wednesday valued 82 percent lower than on Tuesday and resulting in 17 securities trading compared with 15 on Tuesday and ending with prices of three stocks rising, eight declining and six remaining unchanged.
The market closed on Wednesday with an exchange of 75,574 shares for $1,559,727 compared with 1,774,044 stock units at $8,676,263 on Tuesday.
An average of 4,446 shares were traded at $91,749 compared to 118,270 units at $578,418 on Tuesday, with trading month to date averaging 22,609 shares at $164,485 compared with 23,748 units at $169,048 on the previous day and an average for January of 15,998 shares at $167,627.
The Composite Index declined 2.34 points to end the day at 1,194.73, the All T&T Index dipped 4.33 points to conclude trading at 1,790.17, the SME Index remained unchanged at 77.71 and the Cross-Listed Index dipped 0.03 points to finish at 78.03.
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 sank 25 cents in closing at $68.25, with 7,677 stock units crossing the market, Angostura Holdings dropped $1.01 to $18.99 with an exchange of 50 units, Calypso Macro Investment Fund popped 50 cents to end at $23.50, with 51 shares changing hands. First Citizens Group lost 40 cents to close at $49 after investors exchanged 5,348 stock units, FirstCaribbean International Bank ended at $7.04 with investors trading 772 shares, GraceKennedy advanced 4 cents to $3.96 with 345 units clearing the market. JMMB Group ended at $1.40 with investors trading 27,480 stocks, Massy Holdings remained at $4.37 as investors exchanged 15,777 stock units, National Enterprises ended at $3.90 with a transfer of 1,255 shares. National Flour Mills dipped 10 cents to close at $2.10 after an exchange of 100 units, 
Prestige Holdings remained at $10.30, with 5,576 stocks crossing the market, Republic Financial fell $1.01 to end at $119.25 while exchanging 3,844 stock units. Scotiabank declined 38 cents in closing at $73 in trading 1,024 shares, Trinidad & Tobago NGL shed 5 cents to close at $9 after exchanging 5,800 stocks, Trinidad Cement rose 14 cents and ended at $3 with investors swapping 180 units. Unilever Caribbean skidded 2 cents to $11.77 in switching ownership of 195 stock units and West Indian Tobacco ended at $9 with investors dealing in 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on the Trinidad Exchange
Sharp fall in trading
Trading dropped by 92 percent after 30 percent fewer US dollars passed through the Jamaica Stock Exchange US dollar market on Tuesday, and resulted in trading of seven securities, compared to nine on Monday with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 6,443 shares for US$7,499 down from 83,412 units at US$10,690 on Monday.
Trading averaged 920 units at US$1,071 versus 9,268 shares at US$1,188 on Monday, with a month to date average of 50,100 shares at US$6,410 compared with 53,042 units at US$6,729 on the previous day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index popped 4.23 points to 261.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. 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 three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share sank 0.6 of a cent to close at 4.1 US cents as investors traded 3,600 stocks, MPC Caribbean Clean Energy lost 6 cents to close at 55 US cents with 38 units clearing the market, Proven Investments popped 0.8 of a cent to end at 14.5 US cents with investors transferring 1,167 shares. 
Sterling Investments increased 0.24 of a cent in closing at 1.99 US cents after an exchange of 490 stock units and Transjamaican Highway remained at 2.13 US cents with an exchange of 1 share,
In the preference segment, JMMB Group US8.5% preference share ended at US$1.149, with 500 units crossing the market and Sygnus Credit Investments E8.5% declined US$1.01 in closing at US$10.01 while exchanging 647 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market drops
Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 58 percent and the value 96 percent lower than on Monday, following trading in 59 securities compared with 60 on Monday, with prices of 17 stocks rising, 29 declining and 13 ending unchanged.
The market closed with 18,213,204 shares being traded for $88,554,213 compared with 42,931,286 stock units at $1,976,142,956 on Monday.
Trading averaged 308,698 shares at $1,500,919 compared to 715,521 units at $32,935,716 on Monday and month to date, an average of 366,490 units at $3,492,931, compared with 369,995 units at $3,613,721 on the previous day and January, with an average of 265,804 units at $2,438,118.
Wigton Windfarm led trading with 10.32 million shares for 56.7 percent of total volume, Transjamaican Highway followed with 1.62 million units for 8.9 percent of the day’s trade, Sagicor Select Financial Fund ended, with 1.22 million units for 6.7 percent market share, JMMB Group 7.25% preference share due 2024 with 1.17 million units for 6.4 percent market share and General Accident with 1.0 million units for 5.5 percent of total volume.
The All Jamaican Composite Index declined 4,582.25 points to end the day at 372,562.75, the JSE Main Index fell 2,632.54 points to finish at 333,599.81 and the JSE Financial Index lost 1.14 points to end the day at 71.05.
The Main Market ended trading with an average PE Ratio of 13.8. 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.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Carreras sank 32 cents to $8.97, with 578,271 units crossing the market, Eppley rose $3 in closing at $39.50 with investors dealing in 1,560 stocks, Eppley Caribbean Property Fund gained $1.74 to close at $40 after 225 shares passed through the market. General Accident shed 40 cents and ended at $5 with traders dealing in 1,000,000 stock units, GraceKennedy dropped 74 cents to end at $74.50 as investors exchanged 14,151 shares, Guardian Holdings fell $19 in closing at $350 with a transfer of 896 units. Jamaica Broilers popped 95 cents to $33.99 with investors swapping 13,919 stocks, Key Insurance increased 59 cents to close at $3.09 after a transfer of 34,992 stock units, Massy Holdings dipped 50 cents and ended at $93.50 and closed with an exchange of 58 shares. 
Mayberry Group lost $1.32 to end at $6.48 while exchanging 30,722 units, MPC Caribbean Clean Energy dropped $36 to $85 with investors trading 1,000 stocks, NCB Financial skidded 51 cents to end at $68.50 in an exchange of 206,644 stock units. Pan Jamaica sank $3.50 in closing at $48.01 with investors transferring 4,487 shares, Sagicor Real Estate Fund dropped 33 cents and ended at $7.62, with 25,221 stock units crossing the exchange, Scotia Group lost $1 to close at $44.50 in switching ownership of 25,411 units. Seprod climbed $1.70 to $80 after an exchange of 2,780 stocks, Supreme Ventures declined $1.92 and ended at $25.08 after trading 45,145 units and Wisynco Group advanced 43 cents to end at $21.43 with an exchange of 34,527 shares.
In the preference segment, Eppley 7.75% preference share rallied $2.98 in closing at $22, with 12 stock units clearing the market and JMMB Group 7.25% – 2024 preference share fell 54 cents to close at $1.46 in trading 1,173,500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market shoots higher on Tuesday
Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded, with an 81 percent decline and ended with a 71 percent decline in the value compared with that on Monday with trading in 42 securities compared with 40 on Monday and ending with prices of 15 rising, 21 declining and six closing unchanged.
The market closed with 4,278,021 shares being traded for $9,351,166 compared with 14,902,945 units at $48,199,902 on Monday.
Trading averaged 101,858 shares at $222,647, compared to 372,574 units at $1,204,998 on Monday with the month to date, averaging 223,206 units at $555,847 compared to 230,159 stock units at $574,939 on the previous day and January with an average of 175,081 units at $401,738.
EduFocal led trading with 1.04 million shares for 24.4 percent of the total volume followed by Stationery and Office Supplies with 698,934 units for 16.3 percent of the day’s trade and Tropical Battery with 482,246 units for 11.3 percent market share.
At the close of trading, the Junior Market Index popped 38.08 points to finish at 3,827.68 after trading in the region of 3,890 points in the morning session.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging dipped 61 cents to end at $3 in an exchange of 12,614 units, Blue Power lost 17 cents to close atone$3.13 with a mere 1 stock clearing the market, Caribbean Flavours climbed 9 cents and ended at $1.69 as investors exchanged 1,557 shares. Consolidated Bakeries skidded 18 cents in closing at $2.01 after 401 stock units crossed the market, Elite Diagnostic increased 9 cents to close at $1.68 after a transfer of 1,611 shares, Express Catering sank 12 cents to $3.83, with 8,382 units crossing the market. 
Future Energy popped 29 cents to end at $3.50 after an exchange of 197,647 stocks, Knutsford Express rallied 60 cents in closing at $12 with a transfer of 60 stock units, Lasco Distributors rose 24 cents to close at $4.35 while exchanging 50,879 shares. Lasco Financial dipped 12 cents to $1.81 in trading 51,043 units, Lasco Manufacturing shed 69 cents to close at $5.09 after 281,163 stocks crossed the exchange, Main Event declined 71 cents to end at $14 with investors transferring 8,491 stock units. Medical Disposables fell 16 cents in closing at $2.52 after an exchange of 65,001 shares, MFS Capital Partners lost 8 cents and ended at $2.20 after trading 125,362 stock units and Paramount Trading gained 15 cents to close at $1.49 with an exchange of just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on the Jamaica Stock Exchange
Trading retreated on the Jamaica Stock Exchange in trading on Tuesday with the number of stocks changing hands falling, with the total value pulled back decidedly compared with the previous trading, resulting in prices of 26 shares rising and 47 declining on a day when the Junior Market popped but the Main Market and the JSE USD market closed lower.
At the close of trading, the JSE Combined Market Index fell 2135.47 points to 346,386.21, the All Jamaican Composite Index dropped 4,582.25 points to finish at 372,562.75, the JSE Main Index shed 2,632.54 points to lock up trading at 333,599.81. The Junior Market Index jumped 38.08 points to finish at 3,827.68 and the JSE USD Market Index dipped 1.13 points to conclude trading at 256.18.
At the close of trading, 22,497,668 shares were exchanged in all three markets, down from 57,917,643 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $97.9 million, down from $2.024 billion on the previous trading day and the JSE USD market closed with an exchange of 6,443 shares for US$7,499 compared to 83,412 units at US$10,690 on Monday.
Trading in the Main Market was dominated by Wigton Windfarm led trading with 10.32 million shares followed by Transjamaican Highway with 1.62 million units, Sagicor Select Financial Fund closed with 1.22 million units, JMMB Group 7.25% preference share due 2024 ended with 1.17 million units and General Accident with 1.0 million shares.
In the Junior Market, EduFocal led trading with 1.04 million shares followed by Stationery and Office Supplies with 698,934 units and Tropical Battery with 482,246 stock units.
At the close of trading the Main Market listed Eppley rose $3 in closing at $39.50 with investors dealing in 1,560 stocks, Eppley Caribbean Property Fund gained $1.74 to close at $40, Jamaica Broilers popped 95 cents to $33.99, Seprod climbed $1.70 to $80,
The major declining Main Market stocks include Guardian Holdings fell $19 in closing at $350, Mayberry Group lost $1.32 to end at $6.48, MPC Caribbean Clean Energy declined by $36 to $85, Pan Jamaica sank $3.50 in closing at $48.01, Scotia Group lost $1 to close at $44.50 and Supreme Ventures declined $1.92 and ended at $25.08.
At the end of trading, the Junior Market listed AMG Packaging dipped 61 cents to end at $3, Future Energy popped 29 cents to end at $3.50, Knutsford Express rallied 60 cents in closing at $12 with a transfer of 60 stock units, Lasco Distributors rose 24 cents to close at $4.35, while Consolidated Bakeries skidded 18 cents in closing at $2.01, Lasco Manufacturing shed 69 cents to $5.09, Main Event declined 71 cents to end at $14.
In the preference segment, Eppley 7.75% preference share rallied $2.98 in closing at $22.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2022-23 earnings and 14.5 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.
Trading surges on Trinidad Stock Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Tuesday, with a big 1,825 percent surge in the volume of stocks traded valued at 634 percent more than on Monday and resulting in 15 securities trading compared with 13 on Monday, ending with prices of five stocks rising, four declining and six remaining unchanged.
The market closed with an exchange of 1,774,044 stock units for $8,676,263 versus 92,136 shares at $1,181,438 on Monday.
>An average of 118,270 shares were traded at $578,418 compared to 7,087 units at $90,880 on Monday, with trading month to date averaging 23,748 shares at $169,048 compared with 18,210 stock units at $145,060 on the previous day and an average for January of 15,998 shares at $167,627.
The Composite Index advanced 1.45 points to close at 1,197.07, the All T&T Index advanced 0.10 points to end the day at 1,794.50, the SME Index remained unchanged at 77.71 and the Cross-Listed Index gained 0.40 points to close at 78.06.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Agostini’s remained at $68.50 with investors trading 11,715 stock shares, Ansa McAl ended at $55, with 226 shares changing hands, FirstCaribbean International Bank lost 1 cent to end at $7.04 in trading 1,100 units. JMMB Group sank 5 cents in closing at $1.40, with 2,095 stocks crossing the market, Massy Holdings popped 5 cents to close at $4.37 with a transfer of 1,624,456 units, National Enterprises remained at $3.90, with 17,385 stocks crossing the market. National Flour Mills climbed 10 cents to close at $2.20 after 2,251 shares were traded, NCB Financial rose 40 cents to end at $3.50 in switching ownership of 100,400 stock units, 
One Caribbean Media skidded 19 cents to $3.21 as investors traded 178 shares. Point Lisas ended at $3.99 after a transfer of 10 units, Prestige Holdings remained at $10.30, with 143 stocks clearing the market, Republic Financial advanced 21 cents to end at $120.26 with investors trading 2,044 stock units. Scotiabank ended at $73.38 in an exchange of 35 shares, Trinidad & Tobago NGL fell 10 cents to close at $9.05 with investors swapping 2,006 stock units and West Indian Tobacco gained 5 cents and ended at $9 with an exchange of 10,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
NCB Dominated trading on Monday
Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks changing hands surging 281 percent and the value 2308 percent more than on Friday, as NCB Financial dominated trading, with the market ending with trading in 60 securities compared with 58 on Friday, with prices of 24 stocks rising, 18 declining and 18 ending unchanged as Carreras and JMMBGL 7.15% hit new 52 weeks’ high.
The market closed after 42,931,286 shares were traded for $1,976,142,956 in comparison with 11,253,996 stock units at $82,073,604 on Friday.
Trading averaged 715,521 shares at $32,935,716 compared with 194,034 units at $1,415,062 on Friday and month to date, an average of 369,995 units at $3,613,721, in comparison with 347,287 units at $1,686,756 on the previous trading day and January with an average of 265,804 units at $2,438,118.
NCB Financial led trading with 25.23 million shares for 58.8 percent of total volume followed by Wigton Windfarm with 5.03 million units for 11.7 percent of the day’s trade, Proven Investments ended with 3.60 million stocks for 8.4 percent market share, Sagicor Group closed with 2.11 million units for 4.9 percent of the market trades, Transjamaican Highway chipped in with 1.61 million shares for 3.8 percent market share and Sagicor Select Financial Fund with 1.35 million units for 3.2 percent of total volume.
The All Jamaican Composite Index rallied 4,481.53 points to close at 377,145.00, the JSE Main Index increased 3,554.31 points to end the day at 336,232.35 and the JSE Financial Index gained 0.41 points to wrap up trading at 72.19.
The Main Market ended trading with an average PE Ratio of 13.8. 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.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement rallied $1.62 in closing at $61.50 after a transfer of 16,454 stocks, Caribbean Producers popped 69 cents to $10.47 with investors swapping 73,980 units, Eppley declined $1.50 and ended at $36.50, with 1,146 shares crossing the market. First Rock Real Estate fell 30 cents to close at $8.50 with traders dealing in 5,006 stock units, Jamaica Broilers dipped 95 cents to end at $33.04 with 185,529 shares clearing the market, Jamaica Producers climbed $2 to $24 in trading 118,127 stocks. JMMB Group lost 39 cents to close at $26.50, with 97,102 units changing hands, Kingston Wharves increased 97 cents in closing at $33 in an exchange of 46,005 stock units, Mayberry Group advanced 45 cents and ended at $7.80 after closing with an exchange of 17,833 shares. 
MPC Caribbean Clean Energy jumped $25.25 to end at $121 after an exchange of 75 units, NCB Financial skidded 49 cents to $69.01 with a transfer of 25,228,874 stocks, Proven Investments sank 99 cents in closing at $22.02 after an exchange of 3,602,931 stock units. Sagicor Group shed $1.80 to close at $42 with investors trading 2,110,802 shares, Scotia Group dropped 60 cents and ended at $45.50 as investors exchanged 45,251 stock units, Seprod fell $2.40 to end at $78.30, with 13,435 units crossing the market. Supreme Ventures gained 97 cents in closing at $27 with investors dealing in 435,128 stocks and Sygnus Credit Investments skidded 31 cents to $10.99 while exchanging 119,582 units.
In the preference segment, JMMB Group 7.15% – 2028 popped 30 cents to close at $3.30 in switching ownership of 171 shares, JMMB Group 7.25% due 2024 preference share rallied 30 cents to end at $2 with investors trading 9,113 stock units, 
138 Student Living preference share rose $27 and ended at $217 in an exchange of 8 stocks, Productive Business Solutions 10.5 % preference share sank $209 to $1,075 after 186 units passed through the market and Sygnus Credit Investments C10.5% gained $1 to end at $107, with 1,140 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands declining 77 percent after 43 percent lower US dollars passed through the market than on Friday, resulting in trading in nine securities, compared to four on Friday with prices of six rising, two declining and one ending unchanged.
The market closed with an exchange of 83,412 shares for US$10,690 compared to 361,086 units at US$18,726 on Friday.
Trading averaged 9,268 units at US$1,188 versus 90,272 shares at US$4,682 on Friday, with a month to date average of 53,042 shares at US$6,729 compared to 56,690 units at US$7,191 on the previous trading day and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index lost 2.63 points to cease trading at 257.31.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy climbed 4 cent and ended at 61 US cents after a transfer of 250 units, Proven Investments rose 0.1 of a cent to 13.7 US cents, with 6,316 stocks crossing the exchange, Sterling Investments gained 0.3 of a cent in closing at 1.75 US cents with investors trading 150 shares. 
Sygnus Credit Investments popped 0.03 of a cent to close at 8.9 US cents with 5,137 stock units clearing the market, Sygnus Real Estate Finance USD share declined 0.54 of one cent to end at 7.5 US cents with an exchange of 347 shares and Transjamaican Highway increased 0.13 of a cent in closing at 2.13 US cents after 64,527 units passed through the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.149 with investors swapping 6,600 stocks, JMMB Group 5.75% lost 1 cent and ended at US$1.90, with 68 stock units changing hands and Productive Business Solutions 9.25% preference share rallied 45 cents to end at US$11.50 with a transfer of 17 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on the Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 57 percent rise in the volume of stocks traded, with a 35 percent more value than Friday following trading in 40 securities compared with 45 on Friday and ending with prices of 16 rising, 13 declining and 11 closing unchanged.
The market closed on Monday with trading of 14,902,945 shares for $48,199,902 compared to 9,473,714 units at $35,695,598 on Friday.
Trading averaged 372,574 shares at $1,204,998, compared with 210,527 units at $793,236 on Friday with the month to date, averaging 230,159 units at $574,939 compared to 221,939 stock units at $538,572 on the previous day and January with an average of 175,081 units at $401,738.
Future Energy led trading with 10.98 million shares for 73.7 percent of the volume followed by Lasco Manufacturing with 1.19 million units for 8 percent of the day’s trade and ONE on ONE Educational with 724,352 units for 4.9 percent market share.
At the close of trading, the Junior Market Index lost 5.60 points to lock up trading at 3,789.60.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Dolphin Cove increased 20 cents to end at $19, with 91,260 units crossing the market, Future Energy dropped 30 cents in closing at $3.21 after a transfer of 10,977,580 stocks, Jamaican Teas climbed 13 cents to $2.54 while exchanging 32,221 shares. 
Lasco Distributors sank 24 cents and ended at $4.11 in trading 18,921 stock units, Lasco Manufacturing rose 69 cents to close at $5.78 after exchanging 1,193,867 shares, Limners and Bards advanced 25 cents to $1.85, with 52,670 units crossing the market. Main Event popped $1.14 to end at $14.71 in an exchange of 4,350 stocks, MFS Capital Partners rallied 9 cents in closing at $2.28 with investors transferring 546,160 stock units, Spur Tree Spices gained 12 cents and ended at $2.41, with 109,290 shares crossing the exchange and tTech popped 28 cents to close at $2.50 with traders dealing in 53,905 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in JSE trading on Monday
Trading surged on the Jamaica Stock Exchange on Monday as the Junior Market JSE USD market closed moderately higher as trading ended with the number of stocks changing hands climbing, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 33 shares rising and 29 declining.
At the close of the market, the JSE Combined Market Index climbed 3,284.31 points to 348,521.68, the All Jamaican Composite Index rose 4,481.53 points to 377,145.00, the JSE Main Index climbed 3,554.31 points to 336,232.35. The Junior Market Index dropped 5.60 points to settle at 3,789.60 and the JSE USD Market Index slipped 2.68 points to end the day at 257.31.
At the close of trading, 57,917,643 shares were exchanged in all three markets, up from 21,088,796 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $2.024 billion, up from $117.77 million on the previous trading day and the JSE USD market closed with an exchange of 83,412 shares for US$10,690 compared to 361,086 units at US$18,726 on Friday.
Trading in the Main Market was dominated by NCB Financial led trading with 25.23 million shares followed by Wigton Windfarm with 5.03 million units, Proven Investments ended with 3.60 million units, Sagicor Group had an exchange of 2.11 million units, Transjamaican Highway chipped in with 1.61 million shares and Sagicor Select Financial Fund with 1.35 million units.
In the Junior Market, Future Energy led trading with 10.98 million shares followed by Lasco Manufacturing with 1.19 million units and ONE on ONE Educational ended trading with 724,352 stock units.
At the close of trading the Main Market listed Caribbean Cement rallied $1.62 in closing at $61.50, Caribbean Producers popped 69 cents to $10.47, Jamaica Producers climbed $2 to $24, Kingston Wharves increased 97 cents in closing at $33, MPC Caribbean Clean Energy rose $25.25 to end at $121cents in closing at $22.02 and Supreme Ventures gained 97 cents in closing at $27.
At the same time, Eppley declined $1.50 and ended at $36.50, Jamaica Broilers dipped 95 cents to end at $33.04, Sagicor Group shed $1.80 to close at $42, Seprod fell $2.40 to end at $78.30, Proven Investments sank 99 cents in closing at $22.02, Sagicor Group shed $1.80 to close at $42, Seprod fell $2.40 to end at $78.30 and Proven Investments sank 99.
At the end of trading, the Junior Market listed Lasco Manufacturing rose 69 cents to close at $5.78, Limners and Bards advanced 25 cents to $1.85, Main Event popped $1.14 to end at $14.71 and tTech popped 28 cents to close at $2.50 with the major losing stocks being Future Energy that dropped 30 cents in closing at $3.21 and Lasco Distributors sinking 24 cents and ended at $4.11.
In the preference segment, 138 Student Living preference share rose $27 and ended at $217, Productive Business Solutions 10.5% preference share sank $209 to $1,075 and Sygnus Credit Investments C10.5% gained $1 to end at $107.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 14.5 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.
