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.
