Subpar trading on the JSE Markets

Trading remained subpar at the close of the Jamaica Stock Exchange on Friday with the volume of stocks traded climbing above Thursday’s level but with a lower value compared to the previous day, resulting in prices of 28 shares rising and 40 declining as the Junior Market and the JSE USD market closed lower and the Main market rose.
At the close of trading, the JSE Combined Market Index rose 956.54 points to close at 322,428.33, the All Jamaican Composite Index popped 206.89 points to finish at 350,796.43 and the JSE Main Index advanced 1,268.92 points to 309,959.00. The Junior Market Index dropped 36.42 points to 3,628.75 and the JSE USD Market Index shed 3.01 points to close at 221.81.
At the close of trading, 21,329,562 shares were exchanged in all three markets, up from 14,731,938 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $42.33 million, just below the $43.08 million on the previous trading day and the JSE USD market closed with a surge in trading with an exchange of 861,865 shares for US$18,856 up from just 43,698 units at US$3,627 on Thursday.
In Main Market activity, Pulse Investments led trading with 5.95 million shares followed by Wigton Windfarm with 1.37 million stocks and Transjamaican Highway with 1.02 million shares.
In Junior Market trading, Omni Industries led trading with 6.52 million shares followed by JFP Ltd with 651,249 stocks and Jetcon Corporation with 316,386 units.
In the preference segment, Jamaica Public Service 9.5% skidded $1 to end at $2,699, 138 Student Living preference share surged $21.34 to end at $199.84 and Sygnus Credit Investments C10.5% popped $2.90 in closing at $107.90.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.3 on 2023-24 earnings and 13.4 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.