Rising stocks edged out losers

At the close of trading on Tuesday, the volume of stocks exchanged rose 50 percent as the value fell 69 percent from Monday’s activity on the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
Compared to nine on Monday, ten securities were traded, with three rising, two declining and five ending unchanged. The JSE US Denominated Equities Index lost 1.12 points to end at 223.18.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 368,735 shares traded for US$16,968 versus 246,032 units at US$54,963 on Monday. Trading averaged 36,874 units at US$1,697, compared to 27,337 shares at US$6,107 on Monday, with month to date average of 45,504 shares at US$2,714 versus 46,342 units at US$2,813 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Capital USD share ended unchanged at 7.9 US cents in an exchange of 21 shares, Margaritaville finished at 15 US cents trading 62 units, MPC Caribbean Clean Energy fell 6 cents to US$1.20 with 150 stock units clearing the market. Productive Business Solutions dropped 1 cent to US$1.17 with just one stock crossing the market, Proven Investments remained at 26.45 US cents after exchanging 12,853 stock units, Sterling Investments finished at 2 US cents, with 91,834 units changing hands. Sygnus Credit Investments USD share rose 0.34 of one cent to 12.99 US cents trading 61,361 stocks and Transjamaican Highway ended at 1.02 US cents with an exchange of 200,940 shares.
In the preference segmentEppley 6% preference share rallied 16.7 cents in closing at US$1.127, with 1,509 stock units crossing the exchange and JMMB Group 6% popped 7.77 cents after ending at US$1.0977 in switching ownership of 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

No gains for JSE USD market on Monday

There were no stock recording gains at the close of the Jamaica Stock Exchange US dollar market on Monday after the volume of stocks traded fell 19 percent, with a marginally lower value than on Friday.
A total of nine securities were traded, down from 11 on Friday. No stock recorded gains, five declined and four ended unchanged.
The JSE US Denominated Equities Index fell 3.29 points to end at 224.30. The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between August this year to August 2023.
Overall, 246,032 shares traded, for US$54,963 compared to 302,622 units at US$59,279 on Friday.
Trading averaged 27,337 units at US$6,107, compared to 27,511 shares at US$5,389 on Friday, with month to date average of 46,342 shares at US$2,813 versus 48,162 units at US$2,498 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital USD share finished at 7.9 US cents after trading 1,763 shares, Margaritaville ended at 15 US cents, with ten stock units clearing the market and Productive Business Solutions remained at US$1.18 with an exchange of 57 stocks. Proven Investments fell 0.35 of a cent to close at 26.45 US cents after 159,603 units crossed the market, Sterling Investments shed 0.24 of one cent to end at 2 US cents in exchanging 37,600 units, Sygnus Credit Investments USD share declined 0.3 of a cent to 12.65 US cents with 33,609 stock units changing hands and Transjamaican Highway lost 0.04 of one cent in closing at 1.02 US cents after trading 5,400 shares.
In the preference segmentEquityline Mortgage Investment preference share dropped 27 cents after ending at US$1.70 after trading 116 stock units and JMMB Group 6% remained at US$1.02 after exchanging 7,874 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Weekend gains for JSEUSD stocks

The volume of stocks trading dropped 47 percent on Friday while the value jumped 313 percent more than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in 11 securities changing hands, compared to nine on Thursday with four rising, three declining and four ending unchanged.
The JSE US Denominated Equities Index rose 3.62 points to end at 227.59.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending in August 2023.
Overall, 302,622 shares were traded for US$59,279 versus 566,691 units at US$14,366 on Thursday. Trading averaged 27,511 units at US$5,389 against 62,966 shares at US$1,596 on Thursday, with a month to date average of 48,162 shares at US$2,498 versus 50,899 units at US$2,115 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share advanced 0.04 of a cent to end at 7.9 US cents in switching ownership of 1,356 shares, Margaritaville remained at 15 US cents, with 18 stocks crossing the market, Productive Business Solutions ended unchanged at US$1.18 with the swapping of 169 stock units. Proven Investments rose 0.81 of a cent to 26.8 US cents in exchanging 195,847 units, Sterling Investments lost 0.01 of one cent in ending at 2.24 US cents, with 12,982 units changing hands, Sygnus Credit Investments USD share rose 0.1 of a cent to close at 12.95 US cents after 40,625 shares crossed the exchange. Sygnus Real Estate Finance USD share popped 0.84 of one cent to 14.64 US cents trading 1,987 stocks and Transjamaican Highway finished at 1.06 US cents after trading 49,000 stock units.
In the preference segmentEppley 6% preference share dropped 14.4 cents to 96 US cents after exchanging 491 shares, Equityline Mortgage Investments preference share fell 2.9 cents in closing at US$1.97 with 100 stocks crossing the market and JMMB Group 6% remained at US$1.02 after trading 47 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Equal rising and declining stocks

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Trading ended on Thursday, with the volume of stocks jumping 1,156 percent and the value 82 percent more than on Wednesday, at the close of the Jamaica Stock Exchange US dollar market, resulting in nine securities trading, compared to 10 on Wednesday with two rising, two declining and five unchanged.
The JSE US Denominated Equities Index fell 1.00 points to 223.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Overall, 566,691 shares traded for US$14,366, up from 45,127 units at US$7,903 on Wednesday. Trading averaged 62,966 units at US$1,596, compared to 4,513 shares at US$790 on Wednesday, with month to date average of 50,899 shares at US$2,115 versus 49,431 units at US$2,178 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling prices and one stock with a lower offer.
At the close, First Rock Capital USD share lost 0.029 of a cent ending at 7.86 US cents after trading 89 shares, Margaritaville finished at 15 US cents, with 16 stock units crossing the market and Productive Business Solutions remained at US$1.18 in switching ownership of 1,132 stocks. Proven Investments ended at 25.99 US cents with 5,106 units changing hands, Sterling Investments rallied 0.15 cents to end at 2.25 US cents in trading 61,784 shares, Sygnus Credit Investments USD share finished at 12.85 US cents with the swapping of 15,679 stocks. Sygnus Real Estate Finance USD share advanced 1.8 cents to 13.8 US cents, with 300 stock units crossing the exchange and Transjamaican Highway ended at 1.06 US cents in exchanging 479,246 units.
In the preference segmentJMMB Group 6% fell 8 cents to US$1.02 in trading 3,339 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market rises

Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume and value of stocks traded declining 94 percent and 47 percent, respectively, from Tuesday, resulting in 10 securities changing hands, against nine on Tuesday with three rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index gained 3.04 points to end at 224.97.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. The PE ratio uses ICInsider.com earnings forecasts for companies with the financial year ending to August 2023.
Overall, 45,127 shares traded for US$7,903 compared to 697,907 units at US$14,833 on Tuesday. Trading averaged 4,513 units at US$790, compared to 77,545 shares at US$1,648 on Tuesday, with month to date average of 49,431 shares at US$2,178 versus 56,450 units at US$2,395 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital USD share finished trading 127 shares at 7.89 US cents, Margaritaville ended unchanged at 15 US cents after six units changed hands, Productive Business Solutions remained at US$1.18 in an exchange of 5 stock units. Proven Investments increased 0.97 of one cent to end at 25.99 US cents, with 11,324 stocks crossing the market, Sterling Investments climbed 0.1 of a cent to 2.1 US cents in exchanging 15,906 stocks, Sygnus Credit Investments USD share fell 0.1 of a cent to close at 12.85 US cents, trading 2,513 units. Sygnus Real Estate Finance USD share dropped 0.07 of a cent to end at 12 US cents after trading 4,900 stock units and Transjamaican Highway gained 0.06 of one cent in closing at 1.06 US cents with 8,550 shares changing hands.
In the preference segmentJMMB Group 5.75% remained at US$2.01 with the swapping of 1,795 stock units and JMMB Group 6% finished at US$1.10, with just one unit crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More slippage for JSE USD market

Trading on Tuesday, with the volume of stocks, traded climbing 83 percent with little change in the value compared to Monday, resulting in more stocks declining than rising at the close of the Jamaica Stock Exchange US dollar market.
A total of nine securities traded against ten on Monday, with two rising, three falling and four ending unchanged.
The JSE US Denominated Equities Index lost 1.31 points to end at 221.93.
The PE Ratio, a measure used in computing appropriate stock values, averages 23.4. The PE ratio uses ICInsider.com earnings forecasts for companies with their financial year end closing to August 2023.
Overall, 697,907 shares traded, for US$14,833 up from 380,821 units at US$14,951 on Monday. Trading averaged 77,545 units at US$1,648, compared to 38,082 shares at US$1,495 on Monday, with a month to date average of 56,450 shares at  $2,395 versus 52,998 units at US$2,517 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share increased 0.81 of a cent to 7.89 US cents after exchanging 49 shares, Margaritaville remained at 15 US cents trading 102 units, Productive Business Solutions finished at US$1.18 in exchanging one stock unit. Proven Investments dropped 0.98 of a cent in closing at 25.02 US cents in switching ownership of 15,111 shares, Sygnus Credit Investments USD share popped 0.34 of one cent to close at 12.94 US cents in exchanging 2,217 stocks, Sygnus Real Estate Finance USD share shed 2.62 cents in closing at 12.07 US cents while trading 10,000 shares and Transjamaican Highway declined 0.01 of a cent in ending at 1 US cent with the swapping of 668,000 units.
In the preference segmentJMMB Group 5.75% ended unchanged at US$2.01, as 45 stock units crossed the exchange and JMMB Group 6% finished at US$1.10 in trading 2,382 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market falls, Main Market rises

Investors pushed the Junior Market index up to a record intraday high of 4,669.78 in early trading on Tuesday, but the market failed to hold on to the positive gains and closed 21.62 points lower than Monday at 4,560.79. The Jamaica Stock Exchange Main Market enjoyed a modest rise and US dollar market experienced moderate slippage, with the JSE Combined Index gaining 785.38 points to close at 416,566.94.
The All Jamaican Composite Index rose 2,354.48 points to 460,431.50 points to 458,077.02, the JSE Main Index added 1,043.96 points to end at 401,688.56 and the JSE USD market index slipped 1.31 points to end at 221.93.
Trading ended with an exchange of 37,384,823 shares in all markets. The value of stocks traded in the Main and Junior Markets amounts to $398.6 million and the JSE USD market, US$14,833.  The market’s PE ratio ended at 27.5 based on 2021-22 earnings and 13.7 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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 USD trading decline

Trading on Monday ended with a 62 percent fall in the volume of stocks traded, the value fell 29 percent lower than on Friday on the Jamaica Stock Exchange US dollar market, resulting in 10 securities traded, similar to Friday with two risings, four declining and four ending unchanged.
The JSE US Denominated Equities Index lost 0.49 points to end at 223.24.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies, with the close of the financial year to the end of August 2023.
Overall, 380,821 shares traded, for US$14,951, down from 1,007,137 units at US$21,115 on Friday. Trading averaged 38,082 units at US$1,495, compared to 100,714 shares at US$2,111 on Friday, with month to date average of 52,998 shares at US$2,517 versus 56,313 units at US$2,744 on the previous day. April ended with an average of 95,379 units for US$3,929.
The investor’s Choice bid-offer indicator shows that none ended with a bid higher than the last selling price or a lower offer.
At the close, First Rock Capital USD share dropped 0.82 of a cent in closing at 7.08 US cents after exchanging 13,849 shares, Margaritaville finished at 15 US cents in switching ownership of 27 units, Productive Business Solutions ended unchanged at US$1.18 trading 931 stock units. Proven Investments remained at 26 US cents while exchanging 8,374 stocks, Sterling Investments shed 0.25 of a cent to 2 US cents after 41,130 shares were exchanged, Sygnus Credit Investments USD share fell 0.35 cents to close at 12.6 US cents closed at 8,200 shares and Transjamaican Highway rose 0.03 of a cent to 1.01 US cents in trading 305,429 stock units.
In the preference segmentEquityline Mortgage Investments preference share remained at US$1.999 with just one unit changing hands, JMMB Group 5.75% declined 1 cent after ending at US$2.01 with an exchange of 2,795 stocks and JMMB Group 6% rallied 0.23 cents of one to end at US$1.10 in an exchange of 85 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More trading for the JSE USD market Friday

Trading on Friday ended with the volume of stocks traded jumping 1,127 percent with a 70 percent value than on Thursday, at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
A total of 10 securities traded, up from seven on Thursday, with four rising, two declining and four ending unchanged.
JSE US Denominated Equities Index rose 0.61 points to end at 223.73.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years closing up to the end of August 2023.
Overall, 1,007,137 shares traded, for US$21,115, up from 82,057 units at US$12,453 on Thursday. Trading averaged 100,714 units at US$2,111, up from 11,722 shares at US$1,779 on Thursday, with a month to date average of 56,313 shares at US$2,744 versus 43,627 units at US$2,925 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and none with a lower offer.
At the close, First Rock Capital USD share advanced 0.85 of one cent to close at 7.9 US cents after exchanging 3,890 shares, Margaritaville remained at 15 US cents in exchanging 34 units, Productive Business Solutions dropped 1 cent to end at US$1.18, with one stock unit clearing the market. Proven Investments finished at 26 US cents trading 34,764 stocks, Sterling Investments rose 0.25 of a cent to 2.25 US cents with an exchange of 50,000 stocks, Sygnus Credit Investments USD share increased 0.55 of one cent to 12.95 US cents, with 12,078 stock units changing hands. Sygnus Real Estate Finance USD share climbed 1.69 cents to close at 14.69 US cents exchanging 13 units and Transjamaican Highway fell 0.02 of a cent to end at 0.98 of one US cent with the swapping of 906,355 shares.
In the preference segmentEquityline Mortgage Investments preference share ended at US$1.999, after an exchange of just one share and JMMB Group 5.75% ended unchanged at US$2.02 while exchanging one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on JSE USD Market

Trading ended with the volume of stocks declining78 percent, with the value 69 percent lower than on Wednesday at the close of the Jamaica Stock Exchange US dollar market, resulting in more stocks declining than rising.
A total of seven securities traded, down from 11 on Wednesday, with two rising, four declining and one ending unchanged.
The JSE US Denominated Equities Index dipped 0.49 points to end at 223.12. The PE Ratio, a measure used in computing appropriate stock values, averages 9.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial year ending up to the close of August 2023.
Overall, 82,057 shares traded for US$12,453, down sharply from 365,713 units at US$39,700 on Wednesday.
Thursday’s trading averaged 11,722 units at US$1,779, compared to 33,247 shares at US$3,609 on Wednesday, with the month to date average of 43,627 shares at US$2,925 versus 51,603 units at US$3,211 on the previous day. April ended with an average of 95,379 units for US$3,929.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and one with a lower offer.
At the close, First Rock Capital USD share ended at 7.05 US cents after exchanging 9,248 shares, Margaritaville lost 0.99 of a cent to close at 15 US cents, with six units clearing the market, Proven Investments increased 0.01 of a cent to 26 US cents in an exchange of 43,673 stock units. Sterling Investments dropped 0.17 of a cent to 2 US cents with 3,000 stocks changing hands, Sygnus Credit Investments USD share fell 0.55 of a cent to 12.4 US cents in trading 1,075 stock units and Transjamaican Highway advanced 0.02 of a cent to close at 1 US cent, with 25,053 stocks crossing the exchange.
In the preference segmentJMMB Group 6% shed 0.23 of a cent to US$1.0977 with just two stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.