Stocks bounce on Jamaica Stock Exchange

Stocks delivered gains in all three markets of the Jamaica Stock Exchange on Monday, with the Main Market and the Junior Market bouncing while the JSE USD market closed moderately higher as trading ended with the number and the value of stocks changing hands falling, from the previous trading day and resulting in prices of 45 shares rising and 27 declining.
At the close of trading on Monday, the JSE Combined Market Index climbed 2,198.61 points to end at 326,204.04, the All Jamaican Composite Index rallied 1,831.79 points to 353,752.39, the JSE Main Index climbed 2,072.37 points to close at 313,590.04. The Junior Market Index bounced 30.31 points to end trading at 3,671.06 and the JSE USD Market Index rose 0.37 points to close at 226.79.
At the close of trading, 22,027,669 shares were exchanged in all three markets, down from 113,926,431 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $34.8 million, well below the $287.27 million on the previous trading day and the JSE USD market closed with an exchange of 36,773 shares for US$4,077 compared to 54,388 units at US$1,299 on Friday.
In Main Market activity, Palace Amusement led trading with 11.51 million shares followed by Sagicor Select Financial Fund with 2.05 million stocks and Transjamaican Highway with 1.43 million units.
In Junior Market trading, EduFocal led trading with 2.03 million shares followed by Dolla Financial with 957,337 stock units and JFP Ltd with 256,593 shares.
In the preference segment, Jamaica Public Service 7% increased 92 cents to $47.34.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20 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 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.