Fosrich pushed trading on Jamaica Stock Exchange

Trading surged on Friday on the Jamaica Stock Exchange with the volume and value of stocks changing hands leaping sharply over the previous trading day, with Fosrich being the market leader with over 117 million shares, resulting in prices of 32 shares rising and 41 declining as the Main Market closed moderately lower, the Junior Market dropped sharply but the JSE USD market rose at the close of the week.
At the close of trading, 137,437,210 shares were exchanged in all three markets, up sharply from 13,481,892 units on Friday, with the value of stocks traded on the Junior and Main markets jumped to $397.68 million, well above the $63.38 million that was exchanged on the previous day and the JSE USD market closed trading of 24,785 shares at US$735 down from 727,558 stock units at US$21,301 on Thursday.
In Main Market activity, Wigton Windfarm led trading with 4.66 million shares followed by JMMB 9.5% preference share with 4.11 million stock units, Transjamaican Highway ended with 2.24 million units and JMMB Group with 1.05 million shares.
In the Junior Market, Fosrich led trading with 117.31 million shares followed by ONE on ONE Educational with 1.35 million stocks and Mailpac Group with 541,231 units.
In the preference segment, Jamaica Public Service 7% gained $5.40 to end at $48.
At the close, the JSE Combined Market Index dived 1,769.31 points to finish trading at 331,364.99, the All Jamaican Composite Index shed 624.47 points to close at 356,196.59, the JSE Main Index dropped 1,389.45 points to end  at 318,562.02. The Junior Market Index skidded 62.76 points to 3,728.49 and the JSE USD Market Index rose 3.15 points to settle at 236.53.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.6 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.