Jamaica Stock Exchange last minute gains

In what has been the norm for years the Jamaica Stock Exchange recorded sizable gains in the last minute of trading on Friday, the last trading day of August after prices of 48 shares rose and 19 declined, with the market closing with the number and the value of stocks changing hands jumping sharply over the previous day.
At the close of trading, the JSE Combined Market Index climbed 3,095.47 points to 325,003.57, after putting on more than 820 points in the last few seconds of trading, the All Jamaican Composite Index jumped 2,859.34 points to close at 355,299.75 and the JSE Main Index climbed 2,988.35 points to finish August at 312,499.25. The Junior Market Index rose 33.15 points to 3,649.12 and the JSE USD Market Index closed 3.75 points higher at 231.89.
At the close of trading, 52,466,642 shares were exchanged in all three markets, up from 35,669,678 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $144.68 million, well above the $89.38 million on the previous trading day and the JSE USD market closed with an exchange of 868,169 shares for US$18,549 compared to 250,561 units at US$10,284 on Thursday.
In Main Market activity, Wigton Windfarm led trading with 3.07 million shares followed by Sagicor Select Financial Fund with 1.65 million stocks and Transjamaican Highway 8% with 1.52 million units.
In Junior Market trading, Limners and Bards led trading with 8.07 million shares for 19.5 percent of total volume followed by Jamaican Teas with 7.25 million stock units, Regency Petroleum with 5.98 million stock units, RA Williams with 4.59 million stock units, Stationery and Office Supplies with 4.48 million stock units and Omni Industries with 2.57 million units.
In the preference segment, 138 Student Living preference share rallied $20.01 to end at $210.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.8 on 2023-24 earnings and 13.7 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.