AS Bryden jumps $5 as JSE markets cooled

Junior Market stocks suffered a sizable fall at the close of the Jamaica Stock Exchange trading on Tuesday but the Main Market JSE index recorded a mild rise and the JSE USD market closed marginally down as trading ended with the number and value of stocks changing hands fell below the previous day, resulting in prices of 23 shares rising including AS Bryden that jumped by $5 and 45 declining.
At the close of the market, the JSE Combined Market Index declined 166.40 points to close at 329,996.13, the All Jamaican Composite Index dipped 2,008.17 points to conclude trading at 353,488.03, the JSE Main Index popped some 304.05 points to 317,675.36. The Junior Market Index dropped 64.59 points to 3,654.37 and the JSE USD Market Index dipped 0.93 points to conclude trading at 218.98.
At the close of trading, 18,079,463 shares were exchanged in all three markets, down from 18,502,297 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $98.07 million, well below the $220.98 million on the previous trading day and the JSE USD market closed with an exchange of 184,675 shares for US$7,820 compared to 533,385 units at US$13,379 on Monday.
In Main Market activity, Sygnus Credit Investments led trading with 1.46 million shares followed by JMMB 9.5% preference share with 1.37 million stock units and Transjamaican Highway with 1.18 million units.
In Junior Market trading, Express Catering led trading with 6.03 million shares followed by Omni Industries with 2.78 million units and Dolla Financial with 525,516 stocks.
In the preference segment, Eppley 7.50% preference share increased $1 to $6.50 and Jamaica Public Service 7% dipped $3 to finish at $45.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.9 on 2023-24 earnings and 13.3 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.