Falling stocks weighed the Jamaica Stock Exchange down on Monday following a rise in the volume of stocks exchanged after NCB Financial traded more than 3 million shares and the overall traded value dropped from that on Friday. Trading ended with all three market indices falling, following the prices of 28 shares rising, 43 declining and 31 remaining firm.
At the close of the market, the JSE Combined Market Index dropped 862.28 points to 315,699.29, the All Jamaican Composite Index shed 558.92 points to 351,847.98, the JSE Main Index shed 556.91 points to end at 304,921.89, the Junior Market Index fell 45.72 points to settle at 3,367.44 and the JSE USD Market Index dipped 4.61 points to 203.78.
At the close of trading, 22,282,668 shares were exchanged in all three markets, up from 10,248,411 units on Friday, with the value of stocks traded on the Junior and Main markets amounting to $144.84 million, down from $177.6 million on the previous day. The JSE USD market closed with an exchange of 273,618 shares for US$8,386 compared to 290,134 units at US$24,809 on Friday.
In Main Market activity, NCB Financial led with 3.07 million shares, followed by Innovative Energy with 2.99 million stocks and Wigton Energy with 2.25 million units.
In Junior Market trading, ONE on ONE Educational led with 6.12 million shares, followed by Dolla Financial with 1.28 million stocks and Stationery and Office Supplies with 289,011 units.
In the preference segment, 138 Student Living preference share lost $10 to finish at $200.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13 based on 2024-5 earnings and 15.8 based on 2024 earnings.
The ICInsider.com PE ratio chart and the other more detailed daily charts that provide investors with regularly updated data to help decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not staying 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.