Modest trading for JSE USD equities

Trading on Friday ended with the JSE USD Equity Index slipping 0.81 points to 198.06, after trading 499 percent more shares than on Thursday, on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks falling than rising.

Seven securities traded, up from four on Thursday with prices of two rising, four declining and one remaining unchanged.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, a total of 188,607 shares traded for US$31,769 compared to 31,160 units at US$4,667 on Thursday.
Trading averaged 26,944 units at US$4,538, in contrast to 7,790 shares at US$1,167 on Thursday. Trading averaged 89,302 units for the month to date at US$4,884 in contrast to 95,123 units at US$4,916 on Thursday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Capital dipped 0.5 of a cent in closing at 8.5 US cents after trading just one share, Margaritaville increased 0.85 of a cent to close at 9 US cents after exchanging 100,000 stocks, Proven Investments declined 0.45 of a cent to 25.5 US cents in exchanging 30,050 stock units. Sterling Investments remained at 2 US cents in exchanging 24,905 units, Sygnus Credit Investments shed 0.19 of a cent to close at 14.8 US cents, in trading just one unit, Transjamaican Highway gained 0.01 of a cent to end at 0.87 of a US cent in an exchange of 19,650 stocks.
In the preference segment, JMMB Group 6% declined 7 cents to end at US$1.03, with 12,000 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops for US Market on Thursday

Four securities traded on Thursday, down from six on Wednesday on the JSE USD market, with one stock rising, one declining and two ending unchanged, with the market index rising slightly, after an exchange of 93 percent fewer shares at 90 percent less value than on Wednesday and resulting in an even number of stocks falling and rising.
Overall, 31,160 shares traded for US$4,667, down fr0m 460,057 units at US$47,267 on Wednesday. Trading averaged 7,790 units at US$1,167 in contrast to 76,676 shares at US$7,878 on Wednesday. The month to date averaged 95,123 units at US$4,916 in contrast to 100,043 units at US$5,127 on Wednesday. May ended with an average of 138,035 units for US$17,391.
The JSE USD Equity Index rose 1.78 points to 198.87. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and three with lower offers.
At the close, First Rock Capital ended at 9 US cents with 7,748 shares traded, Proven Investments gained 0.05 of a cent to finish at 25.95 US cents with 4,455 stocks changing hands, Sterling Investments remained at 2 US cents with investors switching ownership of 225 units and Sygnus Credit Investments fell 0.26 of a cent to 14.99 US cents, with 18,732 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market slips on Wednesday

Trading on the USD market closed, with the market rising on Wednesday after investors exchanged seven percent fewer shares than on Tuesday with the value surging 144 percent, with falling stocks just outnumbering advancing ones.
A total of six securities traded, up from five on Tuesday, one stock rose, two fell and three remained unchanged.
The JSE USD Equity Index lost 1.34 points to end at 197.09.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.5 based on ICInsider.com’s  2021-22 earnings forecast.
Overall, 460,057 shares traded for US$47,267 versus 493,662 units at US$19,410 on Tuesday.
Trading averaged 76,676 units at US$7,878, in contrast to 98,732 shares at US$3,882 on Tuesday. Month to date averages 100,043 units at US$5,127 in contrast to 102,200 units at US$4,873 on Tuesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than its last selling price and three with lower offers.
At the close, First Rock Capital ended at 9 US cents with an exchange of 7,352 shares, Proven Investments slipped 0.09 of a cent to 25.9 US cents, trading 155,084 units, Sterling Investments settled at 2 US cents with a transfer of 45,825 shares. Sygnus Credit Investments rose 0.05 of a cent to 15.25 US cents with 30,029 units traded and Transjamaican Highway lost 0.02 of a cent to end at 0.86 of a US cent with 221,713 stocks crossing the exchange.
In the preference segment, JMMB Group 6% preference share traded 54 shares at US$1.10.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slight gains for the US Market on Tuesday

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Trading picked up moderately on Tuesday, with 15 percent more shares than on Monday, after 122 percent more funds chased stocks on the US dollar market of the Jamaica Stock Exchange, resulting in more stocks advancing than falling.
Five securities traded on Tuesday, similar to Monday, with prices of three stocks rising, one declining and one remaining unchanged. The JSE USD Equity Index rose  0.76 points to close at 198.43.
The PE Ratio, a measure that determines an appropriate relative value of each stock, ended at 12.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading ended with 493,662 shares changing hands for US$19,410 up from 428,557 units at US$8,730 on Monday. The average trade ended with 98,732 shares at US$3,882, in contrast to 85,711 shares at US$1,746 on Monday. Trading month to date averages 102,200 units at US$4,873 in contrast to 102,489 units at US$4,956 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital gained 0.3 of a cent to finish at 9 US cents, trading 15,710 shares, Margaritaville rose 0.12 of a cent to 8.15 US cents with an exchange of 2,305 units, Proven Investments remained at 25.99 US cents with 36,850 stock units changing hands. Sterling Investments lost 0.04 of a cent to close at 2 US cents with 386,182 stock units changing hands and Transjamaican Highway added 0.02 of a cent to finish at 0.88 US cents with 52,615 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

122% gain pushes stock out of ICTOP10

Two companies in the transportation sector swapped places in the IC Junior Market TOP10 this week as another TOP10 stock gained more than 100 percent for the year, the fourth such feat for the Junior Market TOP10. Jetcon Corporation’s price popped 61 percent for the week to a 52 weeks’ high of $1.75 to record gains of 122 percent for the year to date and dropped out of the TOP10, and is replaced by Future Energy Sources.
Other than Jetcon, prices of other TOP10 stocks had notable increases during the past week; these include; Jamaica Broilers and Grace Kennedy from the main market but Radio Jamaica, PanJam and Scotia Group prices took hits. In the Junior Market, Caribbean Cream, Access and Stationery and Office Supplies had nice gains resulted in the average gains projected slipping from 216 percent last week to 210 percent. The average projected gains for the Main Market stocks inched up last week from 169 to 170 percent.
The Junior Market closed the week at 3,327.84, down from 3,339.02, last week, as it continues to consolidate around the zone of resistance. The JSE All Jamaica Composite Index hit 466,915.58 points during the morning session on Friday, before closing lower at 459,273.23, up from 456,395.73, at the close of the previous week, as the market continues to wrestle with resistance.
The top three stocks in the Junior Market are Elite Diagnostic heading the list, followed by Medical Disposables and Caribbean Assurance, with potential to gain between 250 to 303 percent. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by PanJam Investments and Wisynco, with expected gains of 153 to 394 percent.
This week’s focus: Access Financial Services came out with full year results that reflected increased lending and EPS of 50 cents in the March quarter. ICInsider.com upgraded earnings to just under $3 per share for the current fiscal year. Scotia Group also reported results for the six months to April, with a 12 percent rise in profit for the April quarter over the 2020 same quarter and an 11.4 percent rise for the six months results. The big negative is that the loan portfolio continued its decline into the April quarter.  ICInsider.com now projects 2021 earnings at $4 per share.
The targeted PE ratio for the market averages 20 based on companies’ profits reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market.
The Junior Market, with an average PE 12.6 based on ICInsider.com’s 2021-22 earnings, is currently trading below the target, as well as the recent historical average of 17.1; this represents another 35 percent rise in the market that would equate to a rise of 59 percent to March 2022. The Junior Market Top 10 stocks average a mere 6.6 at just 53 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 17.1, still some distance from the 19 the market ended March, suggesting a 17 percent rise from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 45 percent of the PE of that market and well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in periodic movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Trading drops for JSE USD market

Market activity plunged in Friday’s trading following a 79 percent decline in the number of shares passing through the market compared to Thursday, as just 95,711 shares changing hands for US$37,218, down from 455,961 units at US$32,480 on Thursday, on the US dollar market of the Jamaica Stock Exchange.
Just five securities traded on Friday, compared to six on Thursday, with two rising, two declining and one remaining unchanged.
The JSE USD Equity Index lost 0.20 points to end at 200.95. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 19,142 units at US$7,444, in contrast to 75,994 shares at US$5,413 on Thursday. Trading averaged 104,015 units for the month to date at US$5,247 in contrast to 112,502 units at US$5,028 on Thursday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and two with lower offers.
At the close, 200 shares of First Rock Capital traded at 9 US cents, Margaritaville shed 0.97 of a cent to close at 8.03 US cents with an exchange of 53,643 stock units, Proven Investments slipped 0.01 of a cent to close at 25.98 US cents while exchanging 8,690 stock units and Sygnus Credit Investments rose 0.2 of a cent to 15.2 US cents after 20,278 shares crossed the exchange.
In the preference segment, JMMB Group 5.75% traded 12,900 shares and advanced 8 cents to US$2.10.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Near stability for JSE USD Market

Trading on the Jamaica Stock Exchange USD market and resulted in the market closing on Thursday, with the market index rising, with 19 percent fewer shares changing hands than on Wednesday, as falling stocks just outnumbered rising ones.
Similar to Wednesday, trading ended with six securities changing hands, with prices of two rising, three declining and one remaining firm.
The JSE USD Equity Index added 1.78 points to end at 201.15.
The PE Ratio, a measure that determines a relative value for each stock, averages 12.8 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 455,961 shares traded for US$32,480, down from 560,213 units at US$42,922 on Wednesday.
Trading averaged 75,994 units at US$5,413, in contrast to 93,369 shares at US$7,154 at the close on Wednesday. Trading month to date averages 112,502 units at US$5,028 in contrast to 117,480 units at US$4,975 on Wednesday. May ended with an average of 138,035 units for US$17,391.

Investor’s Choice bid-offer indicator shows no stock ending with a higher bid than the last selling price and two with lower offers.
At the close, First Rock Capital climbed 0.3 of a cent to 9 US cents trading 95,173 shares, Productive Business Solutions traded 46 stock units at 80 US cents, Proven Investments slipped 0.01 of a cent to 25.99 US cents with 20,467 stocks changing hands. Sterling Investments slipped 0.02 of a cent to 2.37 US cents after a transfer of 450 units, Sygnus Credit Investments lost 0.3 of a cent end at 15 US cents with 112,400 stock units passing through the market and Transjamaican Highway rose 0.05 of a cent to 0.90 US cents with 227,425 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slight gains for USD Market Wednesday

Trading on the Jamaica Stock Exchange USD market closed on Wednesday with a modest rise in the market index after investors traded 16 percent more shares with 536 percent greater value than on Tuesday, with more stocks falling than rising at the close.
Similar to Tuesday with six securities changed hands on Wednesday, with two stocks rising and four declining.
The JSE USD Equity Index added 0.12 points to end at 199.37. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12.7 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 560,213 shares traded for US$42,922 up from 484,422 units at US$6,746 on Tuesday.
Trading averaged 93,369 units at US$7,154, versus  80,737 shares at US$1,124 on Tuesday. Month to date trading averages 117,480 units at US$4,975 versus 121,287 units at US$4,631 on Tuesday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
At the close of the market, First Rock Capital rose 0.05 of a cent to close at 8.7 US cents with 2,875 shares changing hands, Margaritaville shed 1 cent to finish at 9 US cents with an exchange of 190,152 stock units, Proven Investments slipped 0.09 of a cent to end at 26 US cents with 6,662 stocks traded. Sygnus Credit Investments increased 0.29 of a cent to 15.3 US cents with a transfer of 643 shares and Transjamaican Highway lost 0.01 of a cent to 0.85 US cents with 349,856 units crossing the exchange.
In the preference segment, JMMB Group 5.75% dipped 3 cents to close at US$2.02 with 10,025 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market falters on Tuesday

Trading on the US Dollar market of the Jamaica Stock Exchange ended on Tuesday with the market declining as investors traded 58 percent fewer shares than on Monday, with a 92 percent fall in value and ended with slightly more stocks falling than rising.
At the close, six securities changed hands, similar to Monday, two gained, three declined and one finished unchanged.
The JSE USD Equity Index lost 1.21 points to finish at 199.25. The PE Ratio, a measure that determines an appropriate relative value of each stock averages 12.8 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 484,422 shares traded at US$6,746 compared to 1,161,401 units at US$79,940 on Monday.
Trading averaged 80,737 units at US$1,124, in contrast to 193,567 shares at US$13,323 on Monday.  Month to date trading averages 121,287 units at US$4,631 in contrast to 128,890 units at US$5,289 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stock ending with the bid higher than the last selling price and four with lower offers.
At the close, First Rock Capital slipped 0.35 of a cent to finish at 8.65 US cents with an exchange of 4,000 shares, Margaritaville advanced 1 cent to 10 US cents with 9,962 stock units changing hands, MPC Caribbean Clean Energy climbed 22 cents to US$1.15 with investors switching ownership of 310 units. Sygnus Credit Investments finished at 15.01 US cents with a transfer of 2,000 shares and Transjamaican Highway lost 0.06 of a cent to settle at 0.86 US cents with 467,450 units crossing the exchange.
In the preference segmentJMMB Group 6% shed 7 cents to close at US$1.03 with 700 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading picks up on JSE USD Market

The total volume of shares trading spiked 562 percent on Monday than on Friday, ended with the value rising 160 percent at the close of trading on the Jamaica Stock Exchange US dollar market and the market index lost 0.05 points to 200.46.
Trading ended with six securities changing hands, similar to Friday, with three rising, two declining and one ending unchanged.
The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 12.6 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, a total of 1,161,401 shares traded for US$79,940 up from 175,570 units at US$30,696 on Friday.
Trading averaged 193,567 units at US$13,323, in contrast to 29,262 shares at US$5,116 on Friday. Trading averaged 128,890 units for the month to date at US$5,289 in contrast to 113,965 units at US$3,435 on Friday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital ended trading of one share at 9 US cents, Margaritaville lost 0.9 of a cent to close at 9 US cents after 176,842 units crossed the market, Proven Investments gained 0.1 of a cent to end at 26.09 US cents, with 164,560 stock units changing hands. Sterling Investments rose 0.09 of a cent in ending at 2.39 US cents after 814,150 stock units cleared the market and Sygnus Credit Investments dropped 0.29 of a cent to 15.01 US cents in trading 5,800 stock units.
In the preference segment, JMMB Group 5.75% increased 3 cents in ending at US$2.05 with 48 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.