JSE Markets closed higher than August

Trading for September ended on Monday with all three markets of the Jamaica Stock Exchange posting solid gains, with the markets closing well above July and August and higher than on Friday, with market activity ending with the number of stocks changing hands surging, with the value traded dropping sharply from that on Friday, resulting in some major price gains of several stocks and ended with prices of 53 shares rising and 23 declining.
At the close of trading, the JSE Combined Market Index jumped 5,317.22 points to 331,866.98, the All Jamaican Composite Index rallied 3,621.15 points to end at 362,289.91, the JSE Main Index surged 5,339.38 points to  close at 318,325.69. The Junior Market Index rallied 29.52 points to 3,829.08 and the JSE USD Market Index popped 2.62 points to cease trading at 229.53.
At the close of trading, 94,375,061 shares were exchanged in all three markets, up from 70,384,194 units on Friday, with the value of stocks traded on the Junior and Main markets amount to $640.11 million, well below the $1.73 billion on the previous trading day and the JSE USD market closed with an exchange of 2,488,448 shares for US$141,556 compared to 156,160 units at US$14,973 on Friday.
In Main Market activity, Wigton Windfarm led trading with 15.81 million shares followed by Wisynco Group with 8.13 million stocks, Transjamaican Highway with 6.72 million units, Sagicor Select Financial Fund with 5.10 million shares, Radio Jamaica ended with 3.62 million stock units and Barita Investments with 2.45 million units.
In Junior Market trading, Fosrich led trading with 11.67 million shares followed by One Great Studio with 5.34 million stocks, Derrimon Trading ended with 5.05 million units, Future Energy with 4.51 million shares, Dolla Financial ended with 4.20 million stock units and EduFocal with 3.73 million units.
In the preference segment, Jamaica Public Service 7% slipped $1 to close at $46, 138 Student Living preference share increased $31 to finish at $230 and Sygnus Credit Investments C10.5% climbed $1 and ended at $105.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.6 on 2023-24 earnings and 13.9 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.