All markets fell on Jamaica Stock Exchange

All three markets of the Jamaica Stock Exchange declined in trading on Friday with the number of stocks changing hands jumping sharply over Thursday, with the value rising sharply, resulting in prices of 27 shares gaining and 45 declining with Transjamaican Highway 8% preference share ending trading with the highest volume of stock passing through the market.
At the close of trading, the JSE Combined Market Index declined by 2,514.05 points to 318,834.85, the All Jamaican Composite Index lost 417.07 points to 351,434.14 and the JSE Main Index shed 2,451.83 points to 306,383.62. The Junior Market Index fell 23.57 points to conclude trading at 3,604.63 and the JSE USD Market Index slipped 0.57 points to 219.56.
At the close of trading, 58,981,003 shares were exchanged in all three markets, up from 26,897,947 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $132.36 million, compared with $91.06 million on the previous trading day and the JSE USD market closed with an exchange of 207,924 shares for US$7,317 compared to 810,331 units at US$50,222 on Thursday.
In Main Market activity, Transjamaican Highway 8% led trading with 39.38 million shares followed by Wigton Windfarm with 2.59 million stock units, Radio Jamaica with 2.09 million stocks and Transjamaican Highway with 1.14 million shares.
In Junior Market trading, Dolla Financial led trading with 2.10 million shares followed by Jamaican Teas with 1.68 million units and Mailpac Group with 895,692 stocks.
In the preference segment, Eppley 7.25% preference share sank $1.70 to $17.80 and Sygnus Credit Investments C10.5% rallied $1 to end at $102.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19 on 2023-24 earnings and 13.1 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.