Rising stocks dominate Jamaica Stock Exchange


Trading picked up on Friday with the volume and value of stocks traded rising over Thursday’s levels on the Jamaica Stock Exchange resulting in JSE Market index gaining but the All Jamaica Index falling, with the Junior Market index slipping mildly and the JSE USD market rising moderately, with the market activity resulting in prices of 47 shares rising, 30 declining, with 29 remaining firm.

At the close of trading the JSE Combined Market Index rallied 534.09 points to wrap up trading at 320,930.39, while the All Jamaican Composite Index fell 1,387.15 points to close at 355,021.18, the JSE Main Index climbed 619.24 points to settle at 307,959.14, the Junior Market Index shed 8.07 points to conclude trading at 3,686.41 and the JSE USD Market Index popped 0.86 points higher to end at 226.45.

At the close of trading, 16,381,003 shares were exchanged in all three markets, up from 8,528,338 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $106.92 million, compared to $90.73 million on the previous day and the JSE USD market closed with an exchange of 302,404 shares for US$26,091 compared to 373,225 units at US$39,451 on Thursday.

In Main Market activity, Wisynco Group led trading with 1.97 million stocks followed by Wigton Windfarm with 1.61 million shares and Sagicor Select Financial Fund with 744,800 units. In Junior Market trading ,EduFocal led trading with 2.42 million stocks followed by Jamaican Teas with 811,556 shares and Regency Petroleum with 784,324 units. In the preference segment, Jamaica Public Service 7% increased $5.99 to finish at $45.99.

The market’s PE ratio, the most popular measure used to value stocks, ended at 12.8 based on 2023-24 historical earnings and 20.9 based on 2024 projected earnings. 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 time income or expense.

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.

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