Main Market rallies Junior & USD markets fall

Trading activities dropped on Wednesday on the Jamaica Stock Exchange with a fall in the volume and value of stocks traded compared to Tuesday and ended with a rise in the Main Market indices with the Junior Market and the JSE USD market fell and resulted in prices of 39 shares rising, 45 declining and 30 remaining firm.
At the close of trading the JSE Combined Market Index rose 1,760.76 points to 326,230.15, the All Jamaican Composite Index jumped 3,577.52 points to end trading at 358,937.25, the JSE Main Index popped 2,012.28 points to 313,186.67, the Junior Market Index shed 22.73 points to 3,728.39, and the JSE USD Market Index skidded 0.95 points to close at 221.29.
At the close of trading, 11,145,537 shares were exchanged in all three markets, down from 14,737,070 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $39.69 million, which is lower than the $52.92 million on the previous trading day and the JSE USD market closed with an exchange of 231,331 shares for US$18,240 compared to 459,083 units at US$13,033 on Tuesday.
In Main Market activity, Transjamaican Highway led trading with 739,446 stocks followed by Wigton Windfarm with 508,222 shares and Sagicor Select Financial Fund with 305,940 units.
In Junior Market trading, JFP Ltd led trading with 3.17 million stocks followed by One Great Studio with 1.30 million shares and EduFocal with 956,757 units.
In the preference segment, Eppley 7.50% preference share slipped 62 cents and ended at $5.9, Jamaica Public Service 7% fell $6.90 to end at $39.10, 138 Student Living preference share shed $29.96 in closing at $169.78 and Sygnus Credit Investments C10.5% gained $2 to close at $105.
The market’s PE ratio, the most popular measure used to value stocks, ended at 21.3 based on 2023-24 earnings and 13 based on 2024-25 projected earnings. The ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated data 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.
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.