JSE Main Market jumps Junior Market falls


Trading on Thursday on the Jamaica Stock Exchange ended with a rise in the volume of stocks that were exchanged with a lower value than on Wednesday, resulting in Main Market major indices rising, the Junior Market’s closing down and the JSE USD Market rising. At the close, trading resulted in prices of 38 shares rising, 31 declining and 36 remaining firm.

At the close of trading the JSE Combined Market Index rallied 1,932.36 points to wrap up trading at 332,414.23, the All Jamaican Composite Index popped 3,204.71 points to 365,804.08, the JSE Main Index climbed 2,259.74 points to finish at 319,322.13, the Junior Market Index fell 31.79 points to close at 3,772.62, and the JSE USD Market Index popped 6.17 points to wrap-up trading at 241.51.
At the close of trading, 19,717,982 shares were exchanged in all three markets, up from 12,793,349 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $75 million, which is lower than the $274.1 million on the previous day and the JSE USD market closed with an exchange of 200,050 shares for US$36,385 compared to 149,669 units at US$12,181 on Wednesday.
In Main Market activity, Wigton Energy led trading with 2.10 million stocks followed by Transjamaican Highway with 1.24 million shares and QWI Investments with 1.13 million units.
In Junior Market trading, Jamaican Teas led with 5.62 million stocks followed by Mailpac Group with 1.72 million shares and One Great Studio with 1.55 million units.
In the preference segment, 138 Student Living preference share fell $17 in closing at $193.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.1 based on 2024-25 projected earnings and 21.3 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other 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. 

Earnings per share (EPS) and PE ratios are based on 2023 and 2024 actual or projected earnings, excluding any major time income or expenses.
Pertinent information is required to navigate numerous investment options successfully in the stock market.  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.


 

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