Big month end rally for JSE Main & USD markets


Pan Jamaica jumped $6.90 to close out November as trading on the Jamaica Stock Exchange Main Market ended on Friday with a rise in the volume of stocks and the value of stock trading over Thursday, resulting in the Main Market major indices and the JSE USD Market index rising and the Junior Market index closed lower, with prices of 54 shares rising, 24 declining and 31 ended firm.

At the close of the market, the JSE Combined Market Index jumped 5,027.33 points to 334,224.34, the All Jamaican Composite Index surged 6,733.96 points to settle at 369,925.68, the JSE Main Index climbed 5,333.88 points to finish at 321,591.49, the Junior Market Index sank 10.13 points to close at 3,722.52 and the JSE USD Market Index jumped 15.50 points to wrap up trading at 267.86.
At the close of trading, 37,239,681 shares were exchanged in all three markets, up from 35,313,153 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $347.17 million, much more than the $198.67 million on the previous day and the JSE USD market closed with an exchange of 212,448 shares for US$18,687 compared to 466,535 units at US$18,867 on Thursday.
In Main Market activity, Wigton Energy led trading with 8.56 million stocks followed by Sagicor Select Manufacturing & Distribution Fund with 4.47 million shares and Sagicor Select Financial Fund with 3.58 million units.
In Junior Market trading, Jamaican Teas led trading with 2.50 million stocks followed by Regency Petroleum with 2.16 million shares and Stationery and Office Supplies with 1.65 million units.
In the preference segment, Jamaica Public Service 7% sank $3.70 to $40 and Jamaica Public Service 9.5% dropped $160 to finish at $2,690.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.9 based on 2024-25 projected earnings 20.3 based on 2023-24 historical earnings.

The ICInsider.com PE ratio chart and other 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 earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding any major time income or expenses.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, 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.

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