Junior Market rallies others fell

Junior Market jumped over the 3,800 mark for the first time since the end of May and the third time since March this year, the Main Market of the Jamaica Stock Exchange and the JSE USD market declined at the close of the market on a day when trading levels exceeded that on Wednesday in volume and value and resulted in an almost even advance decline ration with prices of 36 shares rose and 35 declined.
At the close of trading, the JSE Combined Market Index climbed 1,917.96 points to 330,802.68, the All Jamaican Composite Index skidded 2,566.82 points to  354,970.18, the JSE Main Index fell 2,262.58 points to conclude trading at 317,393.96. The Junior Market Index advanced by 34.92 points to 3,806.11 and the JSE USD Market Index dipped 1.23 points to wrap up trading at 234.97.
At the close of trading, 33,319,433 shares were exchanged in all three markets, up from 26,869,332 units on …day, with the value of stocks traded on the Junior and Main markets amounted to $189.89 million, well over the $135.02 million on the previous trading day and the JSE USD market closed with an exchange of 245,101 shares for US$5,275 compared to 137,354 units at US$22,495 on Wednesday.
In Main Market activity, Wigton Windfarm led trading with 3.88 million shares followed by Transjamaican Highway with 3.12 million stock units and Sagicor Select Financial Fund with 2.96 million units.
In Junior Market trading, Honey Bun led trading with 8.08 million shares followed by ONE on ONE Educational with 2.95 million units, Derrimon Trading ended with 2.01 million stocks, EduFocal chipped in with 1.42 million stock units and Mailpac Group with 1.13 million shares.
In the preference segment, Jamaica Public Service 7% sank $6.49 to close at $41.50. JMMB Group 7% preference share slipped 90 cents to $2.34 and 138 Student Living preference share rallied $44.71 in closing at $180.45.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.8 on 2023-24 earnings and 13.9 times those for 2024-25 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 includes all of the Jamaica Stock Exchange ordinary shares and are 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 the more detailed daily report 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. 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 of the highest bid and the lowest offer for each company.