All JSE markets rise on Thursday

All of the Jamaica Stock Exchange markets rose moderately on Thursday and 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 30 shares rising and 41 declining.
At the close of trading, the JSE Combined Market Index climbed 764.41 points to 332,741.85, the All Jamaican Composite Index rallied 231.05 points to wrap-up trading at 357,117.59, the JSE Main Index gained 655.93 points to conclude trading at 320,462.53. The Junior Market Index gained 19.46 points to 3,664.64 and the JSE USD Market Index popped 0.56 points to lock up trading at 236.99.
At the close of trading, 17,302,070 shares were exchanged in all three markets, down from 62,906,787 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $57.3 million, well below the $284.13 million on the previous trading day and the JSE USD market closed with an exchange of 102,017 shares for US$10,991 compared to 379,029 units at US$8,339 on Wednesday.
In Main Market activity, Wigton Windfarm led trading with 2.66 million shares followed by Transjamaican Highway with 1.44 million stocks and QWI Investments with 274,994 units,
In the Junior Market, ONE on ONE Educational led trading with 4.04 million shares followed by One Great Studio with 1.31 million stock units and Fosrich with just 1.15 million units well off from the big trade of nearly 47 million units on Wednesday.
In the preference segment, 138 Student Living preference share skidded $4.03 to close at $214, Productive Business Solutions 9.75% preference share sank $8.50 to $105 and Sygnus Credit Investments C10.5% slipped $2 to finish at $108.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2023-24 earnings and 12.8 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the 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 the more detailed daily report 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.