Future Energy drives JSE Tuesday trading

The Main and the Junior Markets declined at the close of the Jamaica Stock Exchange in trading on Tuesday and the JSE USD market closed moderately higher as trading ended with the number of stocks changing hands jumping sharply over that on Monday, with the trading in the Junior Market commanding the bulk of the market’s volume, around 44 percent of the overall market, following the trading of nearly 15 million shares in Future Energy and resulted in the value of stocks traded in the market that was just shy of the previous day’s outturn, resulting in prices of 28 shares rising and 40 declining.
At the close of trading, the JSE Combined Market Index dropped 1,696.11 points to 324,428.79, the All Jamaican Composite Index popped 27.96 points higher to 354,829.96, the JSE Main Index shed 1,540.23 points to finish at 311,482.61. The Junior Market Index dived 31.10 points to conclude trading at 3,704.44 and the JSE USD Market Index rose 2.57 points to conclude trading at 224.49.
At the close of trading, 29,311,271 shares were exchanged in all three markets, up from just 11,454,054 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $150.66 million, just below the $152.20 million on the previous trading day and the JSE USD market closed with an exchange of just 45,233 shares for US$2,425 compared to 374,893 units at US$8,267 on Monday.
In Main Market activity, Sagicor Select Financial Fund led trading with 1.24 million shares followed by Wigton Windfarm with 1.10 million stocks and Transjamaican Highway with 1.09 million units.
In Junior Market trading, Future Energy led trading with 14.74 million shares followed by Stationery and Office Supplies with 4.74 million units and Fosrich with 817,472 stocks.
In the preference segment, no stock traded with a notable price change.
The market’s PE ratio, the most popular measure used to value stocks, ended at 21.3 on 2023-24 earnings and 13.2 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.