New record high for JSEUSD Market.
The Jamaica Stock Exchange delivered another record high in trading on Wednesday as the JSE USD market closed at a record high as the Main Market higher indices ended mixed and Junior Market slipped modestly after heading close to the 3,900 points mark in early trading as market activity ended with the number and value of stocks changing hands rising, resulting in prices of 34 shares rising and 35 declining.
At the close of trading, the JSE Combined Market Index climbed 323.60 points to close at 348,936.89, the All Jamaican Composite Index dropped 508.84 points to cease trading at 376,174.82, the JSE Main Index gained 401.57 points to wrap up trading at 336,328.76.
The Junior Market Index fell 6.05 points to conclude trading at 3,826.69 and the JSE USD Market Index rose 5.58 points to finish at 266.74.
At the close of trading, 73,323,889 shares were exchanged in all three markets, up from 16,093,329 units on Thursday, with the value of stocks traded on the Junior and Main markets amounting to $126.9 million, up from $57.13, million on the previous trading day and the JSE USD market closed with an exchange of 268,496 shares for US$15,237 compared to 112,337 units at US$43,069 on Tuesday.
Trading in the Main Market was dominated by Wigton Windfarm with 59.78 million shares being traded followed by Transjamaican Highway with 6.32 million units and JMMB Group 7.35% – 2028 with 811,810 stocks.
In the Junior Market, Future Energy led trading with 568,932 shares followed by One Great Studio with 412,114 units and Jamaican Teas with 342,022 units.
In the preference segment, Jamaica Public Service 7% jumped $4 in closing at $49 and Productive Business Solutions 9.75% preference share declined $19.97 to $95.03.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.2 times those for 2023-24 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 between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information 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.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 assess the value of stocks based on this measure quickly. 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 pertaining to the highest bid and the lowest offer for each company.
The market closed with an exchange of 112,337 shares for US$43,069 compared to 301,898 units at US$10,518 on Monday.
At the close, Proven Investments ended at 14.5 US cents in an exchange of 25 units, Sygnus Credit Investments increased 0.01 of a cent to 9 US cents with 2,700 stocks clearing the market and Transjamaican Highway lost 0.13 of a cent and ended at 2.11 US cents after trading at a record intraday high of 2.68 US cents after a transfer of 105,420 shares.
Sterling Investments rallied 0.29 of a cent to end at 1.99 US cents after 5,019 shares were exchanged. Sygnus Credit Investments rose 0.19 of a cent in closing at 8.99 US cents after 2,780 stocks changed hands and Transjamaican Highway gained 0.13 of a cent to close at 2.24 US cents after an exchange of 291,350 shares.
The market closed with an exchange of 30,628 shares for US$3,928 compared with 21,861 units at US$7,612 on Thursday.
Sterling Investments fell 0.29 of a cent in closing at 1.7 US cents, with 329 stock units crossing the market, Sygnus Credit Investments dropped 0.17 of a cent to close at 8.8 US cents with investors transferring 1,000 shares and Transjamaican Highway rose 0.01 of a cent to 2.11 US cents after trading of 26,564 stocks.
The market closed with an exchange of 21,861 shares for US$7,612 compared to 125,830 units at US$25,026 on Wednesday.
Productive Business Solutions sank 5 cents to end at US$1.80 with an exchange of 3,157 shares. Proven Investments remained at 14.44 US cents after 1,046 stock units changed hands, Sygnus Credit Investments popped 0.07 of a cent to close at 8.97 US cents after a transfer of 100 shares and Transjamaican Highway skidded 0.01 of a cent to 2.1 US cents in switching ownership of 16,019 units.
The market closed with an exchange of 125,830 shares for US$25,026 compared to 6,443 units at US$7,499 on Tuesday.
At the close, Proven Investments dipped 0.06 of a cent in closing at 14.44 US cents with investors trading 275 stocks, Sygnus Credit Investments remained at 8.9 US cents with an exchange of 5,448 units and Transjamaican Highway fell 0.02 of a cent to end at 2.11 US cents in trading 109,605 shares.
The market closed with an exchange of 6,443 shares for US$7,499 down from 83,412 units at US$10,690 on Monday.
Sterling Investments increased 0.24 of a cent in closing at 1.99 US cents after an exchange of 490 stock units and Transjamaican Highway remained at 2.13 US cents with an exchange of 1 share,
The market closed with an exchange of 83,412 shares for US$10,690 compared to 361,086 units at US$18,726 on Friday.
Sygnus Credit Investments popped 0.03 of a cent to close at 8.9 US cents with 5,137 stock units clearing the market, Sygnus Real Estate Finance USD share declined 0.54 of one cent to end at 7.5 US cents with an exchange of 347 shares and Transjamaican Highway increased 0.13 of a cent in closing at 2.13 US cents after 64,527 units passed through the market.
At the close, Margaritaville ended at 12.78 US cents in switching ownership of just one share, Sygnus Real Estate Finance USD share popped 1.04 cents in closing at 8.04 US cents after 647 units changed hands and Transjamaican Highway remained at 2 US cents with an exchange of 359,378 shares.
Trading closed with an exchange of 310,053 shares for US$11,086 up from 497,176 units at US$96,746 on Wednesday.
Sterling Investments fell 0.25 of a cent and ended at 1.45 US cents with a transfer of 10,000 shares. Sygnus Credit Investments ended at 8.87 US cents in an exchange of 1,000 stock units, Sygnus Real Estate Finance USD share ended at 7 US cents in switching owners of 285 shares and Transjamaican Highway remained at 2 US cents as investors exchanged 291,661 units.