Slippage for all JSE markets

Declines continued into the weekend for all Jamaica Stock Exchange markets, with mild losses and encompassed in a mere 695.48 points fall in the JSE Combined Index to 405,598.96.
The All Jamaican Composite Index dipped 1,581.75 points to 449,770.77, the JSE Main Index shed 707.68 points to close at 391,898.55, the Junior Market slipped just 3.71 points to 4,357.81 and the JSE USD market index dropped 1.05 points to 209.96.
Investors exchanged 12,963,225 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $90.2 million and in the JSE USD market, US$51,094.
The market’s PE ratio ended at 25.5 based on 2021-22 earnings and 13.6 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.

Mild rebound for JSE markets

The across the board decline the Jamaica Stock Exchange suffered over the past few days mostly came to a halt on Thursday with mild increases in the Main and Junior Market indices but the JSE USD based stocks had a sizable fall. At the close, the JSE Combined Index rose 1,196.84 points to 406,294.44.
The All Jamaican Composite Index popped 1,595.11 points to 451,352.52, the JSE Main Index added 1,037.82 points to close at 392,606.23, the Junior Market broke the five days losing streak with a rise of 25.36 points to 4,361.52 and the JSE USD market index dropped 11.85 points or 5.6 percent to 211.01.
Investors exchanged 28,306,948 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to $187.7 million and in the JSE USD market, US$48,070.
The market’s PE ratio ended at 25.5 based on 2021-22 earnings and 13.6 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 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.

 

 

Decline for JSE markets again

The Jamaica Stock Exchange continues to fall following the release of first quarter results and closed trading on Wednesday. The JSE Combined Index dropped 4,941.31 points to 405,097.60, with all three markets closed for the day, with investors continuing to pull in their horns until late June or early July.
In the main market, the All Jamaican Composite Index dipped 5,169.29 points to 449,757.41. The JSE Main Index shed  4,912.09 points to close at 391,568.41, the Junior Market slipped for a fourth day by 38.57 points to 4,336.16 and the JSE USD market index dipped 0.32 points to 222.86.
Investors exchanged 18,816,440 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to $368.34 million and in the JSE USD market, US$15,594.
The market’s PE ratio ended at 25.6 based on 2021-22 earnings and 13.6 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.

All JSE markets fall for a second day

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At the close of trading of the Jamaica Stock Exchange, the JSE Combined Index fell 1,583.01 points to close at 410,038.91, with all three markets closing down on Tuesday, as investors pulled their horns following the release of the majority of company results for the first quarter of this year.
In the main market, the All Jamaican Composite Index dipped 1,610.72 points to 454,926.70, the JSE Main Index shed 1,340.20 points to close at 396,480.50, the Junior Market slipped for a fourth day by 36.97 points to 4,374.73 and the JSE USD market index dipped 1.12 points to 223.18.
Trading ended with an exchange of 30,645,462 shares in all markets. The value of stocks traded in the Main and Junior Markets amounts to $357.7 million and in the JSE USD market, US$16,968.
The market’s PE ratio ended at 25.7 based on 2021-22 earnings and 13.6 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.

 

All JSE markets fell

On Monday, all three Jamaica Stock Exchange markets closed lower, with the JSE Combined Index falling 4,753.52 points to close at 411,621.92.
The All Jamaican Composite Index dropped 5,145.63 points to 456,537.42, the JSE Main Index shed 4,768.63 points to 397,820.70, the Junior Market slipped for a third day with a fall of 32.55 points to 4,411.70 and the JSE USD market index dipped 3.29 points to 224.30.
Trading ended with an exchange of 36,150,635 shares in all markets. The value of stocks traded in the Main and Junior markets amounts to $299.9 million and the JSE USD market, US$54,963.  The market’s PE ratio ended at 25.8 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.

72% gains for ICTOP10 winner

Stationery and Office Supplies (SOS) is up 72 percent in 2022 and is heading to more than $20 with projected earnings of $1.25 for the year. SOS made the ICTOP15 list in January at 12 spot to produce a 200 percent gain for the year. It came into TOP10 in the week ending January 21, in the 6th spot and exited the TOP10 on the week ending April 22.

Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Over the past two weeks, company results have been coming out fast and furious, with many posting solid increased profits over the first quarter of 2021, as the economy continues to recover and cost savings also takes hold to help lift profits to record levels in many cases.
One company to benefit from improved results for the first quarter results to March is SOS, with revenues rising 37 percent to $427 million and profits surging 344 percent to $81 million before gains from the sale of a property, investors belated warmed to the stock pushing it to a 52 week’s high of $11.02 and out of ICTOP10. Based on the results, ICInsider.com upgraded earnings from $1.10 to $1.25. Investors in the stock can look for a possible stock split this year if the price rises.
It is well worth noting that the Junior Market peaked at 4,669.78 points at the market opening on May 10 and pulled back to 4,444.25 on Friday as new quarterly results tempered investors in some overvalued stocks that have started to adjust downwards as reality sets in. Among them is Fesco, which was selling at a PE of 50 times the current year’s earnings. There seem to be more painful adjustments to come for investors in this stock. MailPac also suffered a reversal in price after the first quarter results disappointed investors, with lower revenues and earnings.
It is not unusual for investors to take a break after mid-May each year, with most results released and return in late June or early July just ahead of the new earnings season for the half year. Against this background, trading could move sideways for a month or two, but the Lasco companies, Access and Medical Disposables could light up the market when they release results in a few weeks.

Berger Paints annual report had good news for investors to digest.

In the Main Market, Jamaica Stock Exchange was added to the ICTOP10 recently but slipped out last week and reported solid results for the March quarter, with profit jumping 84 percent after revenues rose 37 percent. The projected earnings were downgraded to $1.30 from $3, leaving the stock just about appropriately valued. Berger Paints came out with solid earnings, resulting in our projection being upgraded from $1.70 to $2.35, helped by a sharp cut in other operating expenses from $160 million in 2021 to $117 million and now heads the Main Market TOP10 list.
Elite Diagnostic gained 3 percent for the week at $4, but the promise that the company showed when it was listed has started to show again, with revenues in the third quarter rising 24 percent to $161 million and profit surging to $28 million from $4.4 million in 2021. Based on the results, earnings for the current year ending in June are projected at 24 cents and 55 cents for the 2022/23 fiscal year.
Former ICTOP10 listing, Tropical Battery earnings were downgraded to 18 cents per share for this year, following the release of March half year results.
Access Financial jumped 22 percent last week, and is down 16 percent this past week at $21.50, and attracted more buying interest as the release of year results approaches. tTech tumbled 8 percent during the week and AMG Packaging 7 percent. Caribbean Assurance Brokers was the only stock with any meaningful gain, with a rise of 6 percent.
This week, there was no change to ICInsider.com TOP10 Main Market listings, but the Junior Market has two, with Lasco Distributors just slipping out. Jetcon Corporation suffered a big price decline during the week to close at $1.35 to reenter the list. tTech earnings were revised down to 25 cents after the company posted flat sales in the first quarter and a small loss and fell out of the top listing to be replaced by Dolphin Cove is poised to grow much more this year as improving tourism traffic that April numbers show is virtually back to normal provide a big boost to future earnings.
Investors should be on the lookout for companies with March year end that have not yet reported earnings. Amongst the grouping are the three Lasco companies that could get price moving punch from the results. Watch also Access and Medical Disposables sitting on the TOP of the list, with the company said to be generating profit from the acquisition of Cornwall Enterprises, well ahead of the two year target. ICInsider.com earnings projections of 70 cents per share for the 2022 fiscal year assume that earnings would include profit from the subsidiary and should result in a big jump in the stock toward $14.
The primary mover in the main market was Caribbean Cement that fell 12 percent to $61 as buying interest in the stock remains low, even as the first quarter results suggest the stock is highly undervalued, no other stock had any serious change.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15.3, while the Junior Market PE for the Top 10 sits at 6.3 versus the market at 13.9. The Junior Market TOP10 is projected to gain an average of 226 percent by May 2023 and the Main Market 215 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

JSE Main Markets rise Juniors fall

Jamaica Stock Exchange markets closed mixed on Friday, with the Main and the US denominated market rising and the Junior Market slipping for a second day, but was only down 20.57 points to 4444.25, compared to a fall of 99.65 points on Thursday. At the close, the JSE Combined Index rose 1,784.92 2,632.85 points to close at 416,375.44.
The All Jamaican Composite Index popped 2,855.20 points to 461,683.05, the JSE Main Index shed 2,101.59 points to 402,589.33 and the JSE USD market index gained 3.62 points to end at 227.59.
Trading ended with an exchange of 24,928,782 shares in all markets. The value of stocks traded in the Main and Junior Markets amounts to $159.8 million and the JSE USD market, US$59,279.  The market’s PE ratio ended at 25.7 based on 2021-22 earnings and 13.5 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 markets all fall

On Thursday, investors pushed the Junior Market index down sharply by 99.65 points to close at 4,464.82. The Jamaica Stock Exchange Main Market and US dollar market experienced declines, with the JSE Combined Index dropping 2,632.85 points to close at 414,590.52.
The All Jamaican Composite Index dropped 2,109.81 points to 458,827.85, the JSE Main Index shed 1,867.85 points to 400,487.74 and the JSE USD market index fell 1.00 points to end at 223.97.
Trading ended with an exchange of 44,200,570 shares in all markets. The value of stocks traded in the Main and Junior Markets amounts to $580.9 million and the JSE USD market, US$14,366.  The market’s PE ratio ended at 26.1 based on 2021-22 earnings and 13.2 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 markets enjoy moderate gains

Investors pushed the Junior Market index up moderately on Wednesday, just managing to hold on to a modest gain of 3.59 points to close on Wednesday at 4,564.38. The Jamaica Stock Exchange Main Market and US dollar market experienced moderate gains, with the JSE Combined Index gaining 656.44 points to close at 417,223.38.
The All Jamaican Composite Index rose 506.15 points to 460,937.66, the JSE Main Index added 667.03 points to end at 402,355.60 and the JSE USD market index rose 3.03 points to end at 224.97.
Trading ended with an exchange of 34,398,166 shares in all markets. The value of stocks traded in the Main and Junior Markets amounts to $172.7 million and the JSE USD market, US$7,903.  The market’s PE ratio ended at 26.3 based on 2021-22 earnings and 13.4 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.

 

 

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.