Main Market jumps USD market drops

The Main Market of the Jamaica Stock Exchange bounced in trading on Friday as the Junior Market JSE USD market closed moderately higher but the JSE USD Market after the number of stocks changing hands declined from the heavy trading on Thursday, with the value of stocks traded dropping sharply from the previous day’s heavy trading with Wigton Windfarm having complete command of trading activity, resulting in prices of rising stocks outpacing those declining with 39 securities rising and 36 declining.
At the close of trading on Friday, the JSE Combined Market Index climbed 1,460.87 points to close at 345,354.01, the All Jamaican Composite Index popped 1,873.44 points to close at 372,434.54, the JSE Main Index increased 1,493.04 points to lock up trading at 332,428.43. The Junior Market Index rose 6.92 points to end at 3,835.25 and the JSE USD Market Index declined 13.20 points to conclude trading at 255.84.
At the close of trading, 46,550,162 shares were exchanged in all three markets, down from units on 575,019,706 on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $147.47.million, down from $627.86 million on the previous trading day and the JSE USD market closed with an exchange of 765,260 shares for US$64,253 compared to 74,096 units at US$22,194 on Thursday.
Trading in the Main Market was dominated by Wigton Windfarm led trading with 13.42 million shares followed by Transjamaican Highway with 5.98 million units, Radio Jamaica with 1.25 million stock units and Supreme Ventures with 1.01 million shares.
In the Junior Market, Spur Tree Spices led trading with 17.95 million shares followed by GWest Corporation with 1.60 million units and Dolla Financial with 528,791 stock units.
In the preference segment, Productive Business Solutions 9.75% preference share increased $19.97 to $115.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.5 on 2022-23 earnings and 14.1 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.