Big gains for Junior & Main Market

The Junior Market closed with a nice bounce on Monday after adding over 75 points in the first hour of trading and pulling back after to record a healthy rise of 55 points and the Main Market added 2,371 points at the close of the Jamaica Stock Exchange on Monday as the JSE USD market closed moderately lower as trading ended with the number and the value of stocks changing hands falling, resulting in prices of 33 shares rising and 33 declining.
At the close of the market, the JSE Combined Market Index climbed by 2,663.59 points to 320.775.98, the All Jamaican Composite Index jumped 2,895.15 points to 350,497.56 and the JSE Main Index rallied 2,371.32 points to 307,812.49. The Junior Market Index popped 55.18 points to end trading at 3,684.47 and the JSE USD Market Index skidded 2.34 points to close at 231.21.
At the close of trading, 14,500,223 shares were exchanged in all three markets, down from units on 219,733,668 Friday, with the value of stocks traded on the Junior and Main markets amounted to $43.30 million, well below the $4.76 billion on the previous trading day and the JSE USD market closed with an exchange of 1,556,001 shares for US$35,270 compared to 126,158 units at US$2,541 on Friday.
In Main Market activity, Wigton Windfarm led trading with 4.37 million followed by Transjamaican Highway with 1.0 million units and Sagicor Select Manufacturing & Distribution Fund with 732,598 stocks.
In Junior Market trading, Dolla Financial led trading with 2.13 million shares followed by RA Williams with 507,860 stocks and EduFocal with 336,280 units.
In the preference segment, Sygnus Credit Investments C10.5% lost $3.11 to end at $101.39.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.8 on 2023-24 earnings and 13.5 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.