The Main Market of the Jamaica Stock Exchange rose at the close of trading on Wednesday and the Junior and the USD Markets declined moderately with the volume and value of stocks trading remaining fairly consistent with that on Tuesday.
Trading resulted in an exchange of 18,817,620 shares, up from 17,343,337 units on Monday, valued at $120.2 million, compared with $122.33 million on the previous day. Trading on the JSE USD market resulted in investors exchanging shares traded for US$4,280 versus US$19,925 on Tuesday.
At the close, the Combined Market Index climbed 1,375.51 points to 347,856.59, the All Jamaican Composite Index rallied 3,460.05 points to 379,290.64, the JSE Main Index gained 1,544.69 points to close at 334,462.13, the Junior Market slipped 3.17 points to 3,905.52 and the JSE US dollar market dipped 1.18 points to end at 232.78.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by 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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
JSE Main Market rises Junior Market slips
Trading down for JES USD market
Trading dipped on the US dollar market Jamaica Stock Exchange on Tuesday, with a 75 percent fall in the volume of stocks changing hands and leading to a 17 percent drop in value compared to Monday and resulting in nine securities traded, compared to eight on Monday with two rising, four declining and five left unchanged.
Overall, 110,724 shares were traded for US$19,925 down from 441,584 units at US$23,988 on Monday.
Trading averaged 12,303 units at US$2,214 versus 55,198 shares at US$2,999 on Monday, with a month to date average of 35,675 shares at US$2,492 compared with 42,687 units at US$2,575 on the previous day. January ended with an average of 48,604 units for US$4,865.
The JSE USD Equities Index lost 1.18 points to end at 235.95.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Real Estate USD share remained at 7 US cents, with 1,707 shares changing hands, Productive Business Solutions dipped 1 cent to US$1.90 after trading at 20 stock units, Proven Investments lost 1.49 cents to end at 18.51 US cents in an exchange of 42,342 units. Sterling Investments declined 0.18 of a cent to close at 1.81 US cents, with 1,500 stocks crossing the market, Sygnus Credit Investments USD share climbed 0.02 of a cent in ending at 10 US cents, with 45,232 units passing through the exchange, Sygnus Real Estate Finance USD share ended at 8.5 US cents closed after 5,949 shares changed hands and Transjamaican Highway remained at 0.97 of one US cent with 8,668 stocks clearing the market.
In the preference segment, JMMB Group 5.75% ended at US$2.01 in exchanging 1,300 stock units and JMMB Group 6% rose 8.96 cents to close at US$1.0696 while trading 4,006 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gains JSE Main market falls
The volume of stocks trading dropped on the Jamaica Stock Exchange on Tuesday but with a higher value than on Monday, leading to a rise in the Junior Market and declines in the JSE Main and the USD Market of the Jamaica Stock Exchange.
Trading ended with an exchange of 17,343,337 shares, down from 21,902,708 units on Monday, valued at $122.33 million up from $66.44 million on the previous day. Trading on the JSE USD market resulted in investors trading US$19.925 compared with US$23,988 on Monday.
At the close, the Combined Market Index shed 2,089.31 points to 346,481.08, the All Jamaican Composite Index dropped 2,558.42 points to end at 375,830.59, the JSE Main Index lost 2,316.43 points to end at 332,917.44, the Junior Market rose 7.39 points to 3,912.36 and the JSE US dollar market dipped 1.18 points to close at 235.95.
The market’s PE ratio ended at 22.8 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by 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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Republic drags down Trinidad market
Republic Financial shed $4.48 on Tuesday on the Trinidad and Tobago Stock Exchange and sent the main market indices into a dive, with a 16 percent rise in the volume of stocks traded rising with a 32 percent lesser value than on Monday resulting in 20 securities trading compared with 18 on Monday, with six stocks rising, seven declining and seven remaining unchanged.
Investors traded 243,373 shares for $2,894,825 versus 210,154 stock units at $4,260,730 on Monday. An average of 12,169 units were traded at $144,741 compared to 11,675 shares at $236,707 on Monday, with trading month to date averaging 20,171 shares at $500,200 versus 22,364 units at $597,586 on the previous day. The average trade for January amounts to 28,440 at $235,404.
The Composite Index dipped 11.70 points to 1,319.16, the All T&T Index declined 11.01 points to 1,970.70, the SME Index remained unchanged at 57.12 and the Cross-Listed Index dipped 1.74 points to close at 87.06.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s ended at $57 after an exchange of 73 shares, Angostura Holdings dipped 19 cents to close at $23.55 clearing the market with five units, Ansa McAl remained at $50 as 122 stock units changed hands. First Citizens Group gained 10 cents in ending at $50.10, with 1,150 stocks crossing the exchange, FirstCaribbean International Bank dropped 45 cents in closing at $6.15 after finishing trading of 25 shares, GraceKennedy ended at $4.75 with 2,743 stock units changing hands. Guardian Holdings remained at $25.05 with a transfer of 28,574 units, JMMB Group popped 7 cents to $1.97 in switching ownership of 868 stocks, Massy Holdings lost 1 cent in closing at $4.48 after trading 94,336 stocks. National Enterprises rose 34 cents to end at $3.94 after a transfer of 5,590 stock units, National Flour Mills slipped 1 cent in closing at $1.50 in an exchange of 18,664 shares, NCB Financial ended at $4.20 while exchanging 286 units. One Caribbean Media remained at $3.70 with the swapping of 5,700 stocks, Prestige Holdings fell 10 cents to $6.90 with an exchange of 10 shares, Republic Financial shed $4.48 to close at $133.51 as 3,463 units passed through the market. Scotiabank increased 3 cents in ending at $77.98 with 8,047 stock units crossing the market, Trinidad & Tobago NGL advanced 10 cents to $21.10 as investors exchanged 3,901 stock units, Trinidad Cement dropped 1 cent in closing at $3.59 with 54,818 shares changing hands. Unilever Caribbean rallied 24 cents to end at $13.89, with 10,511 stocks crossing the market and West Indian Tobacco remained at $20.50 in an exchange of 4,487 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market jumps on Monday
In Monday’s trading on Monday, the market Index rallied 13.69 points to end at 237.13 on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 52 percent valued 15 percent more than on Friday and resulting in eight securities traded, similar to Friday and closed with prices of two rising, three declining and three ending unchanged.
Overall, 441,584 shares were traded for US$23,988 up from 291,324 units at US$20,906 on Friday.
Trading averaged 55,198 units at US$2,999 versus 36,416 shares at US$2,613 on Friday, with a month to date average of 42,687 shares at US$2,575 compared with 38,137 units at US$2,421 on the previous day. January ended with an average of 48,604 units for US$4,865.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 7 US cents, with 4,725 shares crossing the market, Margaritaville shed 1.1 cents after ending at 13 US cents and finishing with 58 units trading, Productive Business Solutions rose 21 cents to end at US$1.91 with an exchange of 431 stock units. Proven Investments remained at 20 US cents after investors traded 25,700 stocks, Sygnus Real Estate Finance USD share dropped 0.4 cents in closing at 8.5 US cents in switching ownership of 29,283 stocks and Transjamaican Highway increased 0.05 cents in closing at 0.97 US cents after exchanging 369,493 shares.
In the preference segment, JMMB Group 5.75% ended at US$1.7365 as 131 units passed through the market and JMMB Group 6% declined 2 cents to 98 US cents after an exchange of 11,763 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling prices hit Jamaica Stock Exchange
The volume of trading picked up on the Jamaica Stock exchange on Monday but at a lower value than on Friday, leading to the JSE Main and Junior Market closing lower while the USD Market of the Jamaica Stock Exchange closed higher.
Trading ended with an exchange of 21,902,708 shares, down from 15,002,754 units on Friday, valued at $66.44 million up from $117 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$23,988 compared with US$20,906on Friday.
At the close, the Combined Market Index gained 557.08 points to 348,570.39, the All Jamaican Composite Index fell 2,647.57 points to 378,389.01, the JSE Main Index lost 2,561.70 points to end at 335,233.87, the Junior Market fell 35.50 points to 3,904.97 and the JSE US dollar market jumped 13.69 points to close at 237.13.
The market’s PE ratio ended at 22.9 based on 2021-22 earnings and 13.3 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by 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 put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.