Modest trading on Jamaica Stock Exchange

The markets closed trading with modest changes in the major indices following lower trading activity compared with Wednesday as trading ended with the number of stocks changing hands falling, with a lower value than the previous day, resulting in prices of 40 shares rising and 32 declining.
At the close of trading, the JSE Combined Market Index slipped a mere 54.85 points to 332,498.14, the All Jamaican Composite Index rallied 1,083.37 points to end the day at 357,811.78, but the JSE Main Index dipped 44.74 points to close trading at 319,512.39. The Junior Market Index fell 1.72 points to 3,760.36 and the JSE USD Market Index popped 0.71 points to end at 236.50.
At the close of trading, 8,017,130 shares were exchanged in all three markets, down from 22,556,104 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $45 million, well below the $105.36 million on the previous trading day and the JSE USD market closed with an exchange of 193,096 shares for US$13,524 compared to 111,519 units at US$25,798 on Tuesday.
In Main Market activity, Wigton Windfarm led trading with 2.25 million shares followed by Transjamaican Highway with 690,330 stock units and Sygnus Credit Investments with 505,038 units.
In Junior Market, Fosrich led trading with 353,541 shares followed by One Great Studio with 270,376 stocks and Stationery and Office Supplies with 228,034 units.
In the preference segment, 138 Student Living preference share advanced $18 to $218 and Sygnus Credit Investments C10.5% climbed 99 cents to end at $109.99.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.7 on 2023-24 earnings and 13.2
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 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 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.