Stocks prices surged on the Jamaican Stock Exchange

All three markets of the Jamaica Stock Exchange rose on Thursday following the sharp jump on Wednesday as trading on the Main Market exceeded Wednesday levels as investors traded 54.7 million shares in that market for $833 million on Thursday. Trading fell off in the Junior Market but the index surged as did the all Jamaica Composite index as investors pushed the top 10 stocks up by more than $1 and as high as $4.48, while declining stock price changes were subdued.
A total of 65,137,916 shares, were traded in all three markets, from 132,966,020 units on Wednesday.
The value of stocks traded on the Junior and Main markets totalled $857.26 million, down from $1.06 billion on Wednesday. The JSE USD market closed after 31,154 shares were traded for US$662 compared to 127,343 units at US$6,740 on Wednesday.
Carreras was one of a number of stocks dominating trading  Thursday, with an exchange of 24.28 million shares followed by Wigton Windfarm with 7.82 million units, Wisynco Group ended with 4.36 million units, Radio Jamaica, chipped in with 3.71 million stock units, NCB Financial closed with an exchange of 3.06 million shares and Scotia Group with 2.42 million units and in the Junior Market, Spur Tree Spices ended with an exchange of 3.09 million shares.
At the close of trading on Thursday, the JSE Combined Market Index jumped 4,106.46 points to 334,623.18, the All Jamaican Composite Index surged 6,057.90 points to 360,454.68, the JSE Main Index rallied 3,911.29 points to end trading at 321,471.63. The Junior Market Index surged 50.05 points to end at 3,783.30 and the JSE USD Market Index rose 1.89 points to wrap-up trading at 224.35.
In the preference segment, 138 Student Living preference share sank $17.10 in closing at $96.90.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 14.6 times those for 2023-24 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 between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information 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.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 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 pertaining to the highest bid and the lowest offer for each company.