Moderate Market movements Monday

The Main Market of the Jamaica Stock Exchange declined in trading on Monday as the Junior Market JSE USD market closed moderately higher as trading ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 36 shares rising and 39 declining.
At the close of trading on Monday, the JSE Combined Market Index climbed 101.90 points to 349,244.21, the All Jamaican Composite Index gained 1,226.40 points to 377,614.10, the JSE Main Index added 28.93 points in trading at 336,596.92. The Junior Market Index dipped 0.32 points to end at 3,832.74 and the JSE USD Market Index increased 4.71 points to wrap-up trading at 262.96.
At the close of trading, 32,837,215 shares were exchanged in all three markets, up from 28,196,991 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $87.6 million, down from $114 million on the previous trading day and the JSE USD market closed with an exchange of 301,898 shares for US$10,518 compared to 30,628 units at US$3,928 on Friday.
Trading in the Main Market was dominated by Transjamaican Highway led trading with 6.86 million shares followed by Wigton Windfarm with 3.16 million units and Sagicor Select Financial Fund with 2.75 million stock units.
In the Junior Market, EduFocal led trading with 2.37 million shares followed by Regency Petroleum with 681,910 units and One Great Studio with 599,993 units.
In the preference segment, Jamaica Public Service 7% sank $2.30 to $47.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.8 on 2022-23 earnings and 14.4 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-time income or expenses.
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 of the highest bid and the lowest offer for each company.