Radio Jamaica leads JSE combined trading

Trading picked up on the Jamaica Stock Exchange on Thursday with Radio Jamaica dominating with an exchange of 20.3 million shares resulting in the number and value of stocks changing hands rising over the previous day, resulting in prices of 30 shares gaining and 37 declining as the Junior Market and JSE USD market closed moderately higher and the Main Market falling.
At the close of trading on Thursday, the JSE Combined Market Index shed 1,061.61 points to 319,683.57, the All Jamaican Composite Index dipped 121.47 points to close trading at 350,390.32 and the JSE Main Index slipped 1,215.81 points to end the day at 306,997.06. The Junior Market Index gained 14.04 points to 3,640.89 and the JSE USD Market Index rose 0.65 points to end at 228.38.
At the close of trading, 38,984,967 shares were exchanged in all three markets, up from 29,136,819 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $190.46 million, well over the $100.08 million on the previous trading day and the JSE USD market closed with an exchange of 711,266 shares for US$24,048 compared to 36,707 units at US$2,692 on Wednesday.
In Main Market activity, Radio Jamaica led trading with 20.33 million shares followed by Carreras with 3.63 million stocks, Transjamaican Highway ended with 2.50 million units, Wisynco Group closed with 2.10 million shares, Wigton Windfarm with 1.25 million stocks and Sagicor Select Financial Fund with 1.17 million units.
In Junior Market trading, Indies Pharma led trading with 683,407 shares followed by ONE on ONE Educational with 613,789 units and Fosrich with 517,527 stock units.
In the preference segment, Jamaica Public Service 7% dipped 50 cents to close trading at $47, 138 Student Living preference share rallied $29.20 to $190.60 and Sygnus Credit Investments C10.5% climbed $1 to close at $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.6 on 2023-24 earnings and 13.3 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 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.