Another big trading day for Fosrich

Activity in Fosrich shares dominated trading on the Jamaica Stock Exchange on Wednesday, with above average volume for the third time in four trading days. The markets closed with gains for the Main Market and a moderate rise for the JSE USD market. The Junior Market suffered another day of decline and could end lower on Thursday following release of some disappointing quarterly results.
Markets closed with the number and the value of stocks changing hands jumping over the previous day, resulting in prices of 38 shares rising and 39 declining.
At the close of trading, the JSE Combined Market Index climbed 3,216.36 points to 331,977.43, the All Jamaican Composite Index jumped 4,043.31 points to finish at 356,886.54, the JSE Main Index rallied 3,561.72 points to end at  319,806.60. The Junior Market Index declined 28.41 points to close at 3,645.18 and the JSE USD Market Index popped 2.27 points to 236.26.
At the close of trading, 62,906,787 shares were exchanged in all three markets, up from 36,121,615 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounting to $284.13 million, just above the $271.59, million on the previous trading day and the JSE USD market closed with an exchange of
In Main Market activity, Transjamaican Highway led trading with 3.76 million shares followed by Wigton Windfarm with 2.67 million stock units and NCB Financial with 1.62 million units.
In the Junior Market, Fosrich led trading with 46.82 million shares followed by Everything Fresh with 826,380 stock units and EduFocal with 576,820 units.
In the preference segment, Jamaica Public Service 7% rose $5.40 to $48.
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.