All JSE markets fall on Thursday

All three markets of the Jamaica Stock Exchange declined at the close of trading on Thursday, with the Junior Market falling by 1.74 percent and the JSE USD market closing by 1.23 percent. The Main Market slipped less than one percent as the market ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of only 30 shares rising and 43 declining.
At the close of trading, the JSE Combined Market Index dropped 1,600.50 points to 320,703.28, the All Jamaican Composite Index popped 723.01 points to 349,126.03 and the JSE Main Index shed 1,078.81 points to 308,225.55. The Junior Market Index skidded 63.58 points to 3,635.00 and the JSE USD Market Index fell 2.87 points to finish at 232.78.
At the close of trading, 21,623,552 shares were exchanged in all three markets, up from 17,759,242 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $70.11 million, well below the $154.3 million on the previous trading day and the JSE USD market closed with an exchange of 363,724 shares for US$8,719 compared to 341,763 units at US$37,023 on Wednesday.
In Main Market activity, Transjamaican Highway led trading with 1.76 million shares followed by Wigton Windfarm with 976,521 units and Sagicor Select Financial Fund with 493,046 stocks.
In Junior Market trading, Indies Pharma led trading with 12.11 million shares followed by Paramount Trading with 575,018 units and Dolla Financial with 499,885 stocks.
In the preference segment, Jamaica Public Service 9.5% climbed $1 to end at $2,700 and Sygnus Credit Investments C10.5% skidded $3.11 to close at $101.39.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.6 on 2023-24 earnings and 13.4 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.