Rising stocks push Jamaica Stock Exchange higher

Rising stocks sent the Jamaica Stock Exchange higher in trading on Wednesday, with the Main and Junior markets rising. The JSE USD market closed moderately lower as trading ended with the number and value of stocks changing hands jumping, sharply over the previous trading day, resulting in prices of just 23 shares rising and 48 declining.
At the close of trading, the JSE Combined Market Index rose 680.60 points to 326,793.96, the All Jamaican Composite Index rallied 1,371.83 points to 354,079.08, the JSE Main Index popped 497.17 points to settle at 313,613.94. The Junior Market Index rallied 28.88 points to 3,751.07 and the JSE USD Market Index slipped 0.14 points to cease trading at 227.08.
At the close of trading, 33,083,446 shares were exchanged in all three markets, up from 11,572,254 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $178.27 million, well above the $35.47 million on the previous trading day and the JSE USD market closed with an exchange of 514,418 shares for US$11,601 compared to 123,275 units at US$3,408 on Tuesday.
In Main Market activity, Transjamaican Highway led trading with 18.71 million shares followed by Lasco Distributors with 2.72 million stock units, Jamaica Broilers was next with 1.48 million shares and Wigton Windfarm with 1.17 million units.
In Junior Market trading, EduFocal led trading with 1.75 million shares followed by Stationery and Office Supplies with 1.07 million stock units and Dolla Financial with 731,534 shares.
In the preference segment, 138 Student Living preference share nosedived by $54.50 to finish at $140.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.2 on 2023-24 earnings and 13.7 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 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.