All three markets of the Jamaica Stock Exchange recorded healthy gains at the close of trading on Tuesday as a number of investors prep for the end of month trading, with the volume of stocks traded rising over that on Monday, with surging value with trading resulting in prices of 50 shares rising, 30 declining and 36 remaining firm.
At the close of trading the JSE Combined Market Index jumped 3,661.36 points to 327,603.43, the All Jamaican Composite Index rallied 3,524.53 points to wrap up trading at 362,296.70, as the JSE Main Index jumped 3,581.63 points to 314,429.19, the Junior Market Index gained 32.97 points to 3,754.18, and the JSE USD Market Index rallied 3.80 points to wrap-up trading at 227.49.
At the close, 36,186,598 shares were exchanged in all three markets, up from 35,763,008 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to 571.65 million, which is greater than the $235.99 million on the previous trading day and the JSE USD market closed with an exchange of 148,501 shares for US$5,489 up from 65,465 units at US$1,775 on Monday.
In Main Market activity, NCB Financial led trading with 9.26 million stocks followed by Sagicor Select Financial Fund with 2.79 million shares and Wigton Windfarm with 1.30 million units.
In Junior Market trading, ONE on ONE Educational led trading with 4.28 million stocks followed by JFP Ltd with 3.43 million shares and Derrimon Trading with 1.61 million units.
In the preference segment, Jamaica Public Service 7% skidded 98 cents to finish at $45.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.1 based on 2024-25 projected earnings and 21.2 based on 2023-4 historical earnings. The ICInsider.com PE ratio chart and other 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 earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.
Pertinent information is required to navigate numerous investment options successfully in the stock market. 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.