JSE stocks closed month positively

Stocks closed out July on a positive note with prices of 45 stocks rising and just 23 declining resulting in the All Jamaican Composite Index of the Jamaica Stock Exchange and the Junior Market jumping sharply to close trading on Wednesday on a high as the JSE USD market closed moderately higher as trading ended with the number of stocks changing hands climbed, with the value jumping over the previous day.
At the close of trading, the JSE Combined Market Index climbed 404.58 points to 324,946.86, the All Jamaican Composite Index popped 1,046.01 points to 353,770.23. The JSE Main Index fell 95.13 points to finish at 311,603.89. The Junior Market Index jumped 69.94 points to 3,761.94, with most of the gains coming in the last 5 minutes before closing and the JSE USD Market Index popped 1.68 points to 226.73 with all the gains coming in the dying moments of trading.
At the close of trading, 34,904,256 shares were exchanged in all three markets, up from 22,006,869 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $107.87 million, up from $92.28 million on the previous trading day and the JSE USD market closed with an exchange of 161,765 shares for US$5,665 compared to 44,268 units at US$1,914 on Tuesday.
Following b first quarter results, Wigton Windfarm led trading with 11.14 million shares in the Main Market followed by Radio Jamaica with 4.61 million stocks and Carreras with 1.03 million units.
In Junior Market trading, Jamaican Teas led trading with 1.80 million shares followed by Indies Pharma with 1.47 million stocks, JFP Ltd with 1.42 million shares, EduFocal with 1.42 million units and Omni Industries with 1.31 million stock units.
In the preference segment, Jamaica Public Service 9.5% rose $1 to close at $2,700, 138 Student Living preference share rallied $20 to finish at $210 and Sygnus Credit Investments C10.5% popped $7.99 and ended at $107.99.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.9 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.