Recent profit results ignite stocks

Some recent company results excited investors who pushed prices of the stocks to trigger the circuit breaker, with Berger and Caribbean Assurance Brokers, with recent outstanding results being pushed higher in trading to record gains of 26.7 and 16 percent respectively at the close on a day when the Main and Junior Market Indices rose and the JSE USD fell as trading on the Jamaica Stock Exchange rose on Thursday with the number and the value of stocks traded rising over the previous day, resulting in prices of 37 shares rising and 31 declining.
At the close of trading, the JSE Combined Market Index climbed 636.15 points to 333,134.30, the All Jamaican Composite Index fell 990.72 points to 356,821.06, the JSE Main Index popped 439.08 points to 319,951.47. The Junior Market Index rallied 30.89 points to end at 3,791.25 and the JSE USD Market Index slipped 3.12 points to end the day at 233.38.
At the close of trading, 13,481,892 shares were exchanged in all three markets, up from 8,017,130 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $63.38 million, much more than the $45 million on the previous trading day and the JSE USD market closed with an exchange of 727,558 shares for US$21,301 compared to 193,096 units at US$13,524 on Wednesday.
In Main Market activity, Wigton Windfarm led trading with 1.96 million shares, followed by Transjamaican Highway with 1.54 million units and Carreras with 904,952 stocks.
In the Junior Market, Mailpac Group led trading with 3.33 million shares followed by ONE on ONE Educational with 1.03 million units and Jamaican Teas with 610,100s shares.
In the preference segment, Jamaica Public Service 7% declined $5.40 to $42.60.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.6 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.