Shares of the Jamaica Stock Exchange, the latest initial public offer of stocks were listed on the Junior Market on Tuesday and jumped 30 percent in closing at $1.30, with investors trading 3.9 million shares declined in trading on Tuesday as the Junior Market declined. The Main market eked out a modest rise but the JSE USD market closed lower as trading ended with the number and the value of stocks changing hands falling, resulting in prices of 39 shares declining and 28 rising.
At the close of trading, the JSE Combined Market Index rose 189.22 points to close at 330,760.47, the All Jamaican Composite Index skidded 975.19 points to wrap up trading at 356,374.98, the JSE Main Index popped 526.71 points to end the day at 318,616.65. The Junior Market Index dropped 44.47 points to 3,635.06, with FESCO dropping in the morning session to a 52 weeks’ low of $2.50, with an average price of $2.90 and would have had a major pull on the index. The JSE USD Market Index fell 2.98 points to lock up trading at 220.14.
At the close of trading, 20,644,795 shares were exchanged in all three markets, down from 35,226,914 units on Monday, with the value of stocks traded on the Junior and Main markets amounting to $112.91 million, well below the $192.21, million on the previous trading day and the JSE USD market closed with an exchange of 89,247 shares for US$3,105 compared to 147,490 units at US$59,542 on Monday.
In Main Market activity, Palace Amusement led trading with 1.72 million shares followed by Sagicor Select Manufacturing & Distribution Fund with 1.56 million units and Sagicor Select Financial Fund with 1.47 million stocks.
In Junior Market trading, Omni Industries led trading with 3.90 million shares followed by Future Energy with 1.33 million units, then Dolla Financial with 1.15 million shares and Fosrich with 1.04 million units.
In the preference segment, 138 Student Living preference share dipped $28.18 and ended at $159.70 with investors swapping 46 units and Sygnus Credit Investments C10.5% lost $2.69 to finish at $112.31
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.1 on 2023-24 earnings and 13.2 times those for 2024-25 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 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 the more detailed daily report 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.
Trading dipped on JSE as Omni lists
Trading picks up on JSE Main Market
The Jamaica Stock Exchange Main Market closed lower on Monday, following an 8 percent rise in the volume of stocks traded, value 84 percent more than on Friday, with trading in 59 securities compared with 58 previously and ending with prices of 17 stocks rising, 23 declining and 19 ending unchanged after Berger Paints and Sagicor Select Manufacturing & Distribution Fund both traded at 52 weeks’ high.
The market closed with trading of 30,398,621 shares for $182,144,563 compared with 28,048,957 units at $98,812,380 on Friday.
Trading averaged 515,231 shares at $3,087,196 compared to 483,603 units at $1,703,662 on Friday and month to date, an average of 276,041 units at $1,420,730 compared with 228,041 units at $1,086,304 on the previous trading day and May that closed with an average of 336,947 units at $2,177,110.
Wigton Windfarm led trading with 8.40 million shares for 27.6 percent of total volume followed by JMMB 9.5% preference share with 5.63 million units for 18.5 percent of the day’s trade. Sagicor Select Financial Fund ended with 4.89 million units changing hands for 16.1 percent market share, Sagicor Select Manufacturing & Distribution Fund closed with 2.47 million units for 8.1 percent of the market volume, Palace Amusement had an exchange of 1.58 million units for 5.2 percent of the market and Transjamaican Highway 1.33 million units for 4.4 percent of total volume.
The All Jamaican Composite Index slipped 3,400.86 points to 357,350.17, the JSE Main Index shed 2,739.68 points to 318,089.94 and the JSE Financial Index skidded 0.90 points to end the day at 68.02.
The Main Market ended trading with an average PE Ratio of 14.3. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden declined by $2.50 to $34 after 227 stock units passed through the market, Berger Paints increased $1.88 to end at a 52 weeks’ closing high of $10.14 after the price hit an intraday high of $11.98 and closed with an exchange of 12,690 shares, Caribbean Cement lost $2 in closing at $60.50 with investors dealing in 106,126 units. Eppley Caribbean Property Fund dropped $1.24 to end at $38.76, with 3,609 stocks changing hands, First Rock Real Estate sank 80 cents and ended at $9.20 with a transfer of 14,773 shares, Jamaica Broilers skidded $1.74 to finish at $32.01 after an exchange of 40,457 stock units.
Jamaica Producers fell 53 cents and ended at $22.01 with 900,385 stocks clearing the market, Kingston Properties dipped 48 cents to $8 after a transfer of 11,968 units, Margaritaville dropped $1.65 to close at $14.30 in switching ownership of 3,753 shares. NCB Financial shed $1 to finish at $61.90 after an exchange of 28,435 stock units, Proven Investments sank $2.44 in closing at $18.55 with investors swapping 6,750 stocks, Sagicor Group popped $1.98 to end at $41.98, with 8,580 units crossing the market. Scotia Group advanced 34 cents in closing at $44.75 with an exchange of 540,060 shares, Seprod lost $1 to end at $79 and closed with an exchange of 100,666 units and Stanley Motta skidded 30 cents to close at $7 in an exchange of 1,616 stocks.
In the preference segment, Eppley 7.50% preference share rose 70 cents to end at $7.29 with investors trading 535 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE markets
Falling prices pushed down all three Jamaica Stock Exchange markets in trading on Monday as trading ended with the number and value of stocks changing hands rising over the previous trading day, resulting in prices of 44 shares falling and only 22 rising.
At the close of trading, the JSE Combined Market Index dropped 2,762.38 points to 330,571.24, the All Jamaican Composite Index dived 3,400.86 points to 357,350.17, the JSE Main Index sank 2,739.68 points to 318,089.94. The Junior Market Index lost 19.53 points to conclude trading at 3,679.53 and the JSE USD Market Index dipped 0.93 points to wrap up trading at 223.12.
At the close of trading, 35,226,914 shares were exchanged in all three markets, up from 32,074,516 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $192.21 million, well above the $108.76 million on the previous trading day and the JSE USD market closed with an exchange of 147,490 shares for US$59,542 compared to 20,041 units at US$2,072 on Friday.
In Main Market activity, Wigton Windfarm led trading with 8.40 million shares followed by JMMB 9.5% preference share with 5.63 million units, Sagicor Select Financial Fund closed with 4.89 million stock units, Sagicor Select Manufacturing & Distribution Fund traded 2.47 million units, Palace Amusement ended with 1.58 million shares and Transjamaican Highway with 1.33 million units.
In Junior Market trading, JFP Ltd led trading with 981,369 shares followed by Express Catering with 676,059 units and Derrimon Trading with 495,470 shares.
In the preference segment, no stocks closed with a notable price change.
The market’s PE ratio, the most used measure to determine the value of stocks, ended at 21.3 on 2023-24 earnings and 13.3 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide 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 the more detailed daily report 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.
Price volatility low in ICTOP10
Volatility was low in ICTOP10 in the past week with the highest price change coming in at 6 percent, following moderate declines in the Junior Market and the Main Market
The Junior Market ICTOP10, Iron Rock Insurance climbed just 4 percent to $2.18. Caribbean Cream fell 6 percent to $3.75 followed by Access Financial, down 5 percent to $20.
In the Main Market, Margaritaville and Palace Amusement rose by 6 percent to close at $15.95 and $1.06 respectively and Key Insurance fell 4 percent to $2.39. Of note is that Berger Paints fell 3 percent to close at $8.26, trading at a 52 weeks’ high of $10.10 on Friday as the stock closed with a big gap between buyers and sellers.
Lasco Financial was the only new addition to the ICTOP10 for the week replacing Edufocal that was suspended from trading during the week for not meeting the financial statement filing.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.1 and the Junior Market TOP10 sits at 6.8, just over half of the market, with an average of 12.6.
The Main Market ICTOP10 is projected to gain an average of 292 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 209 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 103, with an average of 30 and 19 excluding the highest PE ratios, and a PE of 24 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, or 24 percent of the market, with PEs ranging from 15 to 47, averaging 21, well above the market’s average. The average PE in the top half of the market is 17 and is possibly the lowest fair value measure for stocks, currently.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Transjamaican dominates Main Market trades
Transjamaican Highway cornered trading on the Jamaica Stock Exchange Main Market with more than 60 percent of the volume of stocks traded on Friday, resulting in the volume of stocks traded rising 137 percent and the value 173 percent more than on Thursday, with trading in 58 securities compared with 56 on Thursday. At the close prices of 18 stocks rose, 21 declined and 19 ended unchanged.
The market closed with 28,048,957 shares being traded for $98,812,380 compared with 11,839,057 units at $36,250,961 on Thursday.
Trading averaged 483,603 shares at $1,703,662 compared to 211,412 units at $647,339 on Thursday and month to date, an average of 228,041 units at $1,086,304 compared with 165,233 units at $934,580 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 16.87 million shares for 60.1 percent of total volume followed by Wigton Windfarm with 7.92 million units for 28.3 percent of the day’s trade and JMMB Group 7.35% – 2028 with 832,520 stocks for 3 percent market share.
The All Jamaican Composite Index rose 409.02 points to settle at 360,751.03, the JSE Main Index lost 854.79 points to end the day at 320,829.62 and the JSE Financial Index increased 0.13 points to culminate at 68.92.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Berger Paints skidded 43 cents to finish at $8.26, with 13,183 stock units crossing the exchange with the price hitting an intraday high of $10.10, Caribbean Cement lost 50 cents to close at $62.50 with a transfer of 8,562 shares, Guardian Holdings dropped $9.86 in closing at $360.09 after 64 stocks passed through the market.
JMMB Group rose 49 cents and ended at $25.49, with 17,973 units changing hands, Kingston Properties rose 48 cents to close at $8.48 after 62,979 stocks were traded, Pan Jamaica sank $1.19 to $50 in switching ownership of 11 units. Proven Investments popped $1.04 in closing at $20.99 with 1,809 shares clearing the market, Sagicor Group dipped $1 to $40 with investors dealing in 2,363 stock units and Stanley Motta gained $1.19 to close at $7.30 after a transfer of 19 shares.
In the preference segment, Eppley 7.50% preference share fell 46 cents to finish at $6.59 as investors exchanged 58 stock units and Sygnus Credit Investments C10.5% increased $5 and ended at $115 in trading 1,517 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Transjamaican & Wigton dominate JSE trading
Transjamaican Highway dominated trading on the Jamaica Stock Exchange with nearly 17 million shares followed by Wigton Windfarm with 8 million units as trading on Friday exceeded Thursday’s outturn as investors moved the Main Market higher, as the Junior Market and the JSE USD market closed lower and resulting in prices of 31 shares rising and 32 declining.
At the close of trading, the JSE Combined Market Index dropped 1,091.82 points to 333,333.62, the All Jamaican Composite Index popped 409.02 points to 360,751.03, the JSE Main Index sank 854.79 points to 320,829.62. The Junior Market fell 39.08 points to 3,699.06 and the JSE USD Market Index dipped 0.14 points to close at 224.05.
At the close of trading, 32,074,516 shares were exchanged in all three markets, up from 16,806,355 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $108.76 million, well above the $46.99 million on the previous trading day and the JSE USD market closed with an exchange of a mere 20,041 shares for US$2,072 compared to 238,919 units at US$7,681 on Thursday.
In Main Market activity, Transjamaican Highway led trading with 16.87 million shares followed by Wigton Windfarm with 7.92 million stock units and JMMB Group 7.35% – 2028 with 832,520 units.
In Junior Market trading, Fosrich led trading with 1.15 million shares followed by Dolla Financial with 763,547 units and Spur Tree Spices with 534,396 shares.
In the preference segment, Sygnus Credit Investments C10.5% increased $5 and ended at $115.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2023-24 earnings and 13.5. times those for 2024-25 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 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 the more detailed daily report 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.
Main Market rises on reduced trading value
The Main Market of the Jamaica Stock Exchange closed on Thursday, with the volume of stocks traded rising 50 percent but with a 42 percent lower value than on Wednesday, with trading in 56 securities compared with 57 on Wednesday, with prices of 19 stocks rising, 18 declining and 19 ending unchanged and resulted in the All Jamaican Composite Index increasing 2,623.72 points to 360,342.01, the JSE Main Index gained 2,321.13 points to end the day at 321,684.41 and the JSE Financial Index popped 0.79 points to 68.79.
On Thursday, the market closed with 11,839,057 shares being traded at $36,250,961 compared to 7,896,278 units at $62,829,037, previously.
Trading averaged 211,412 shares at $647,339 compared to 138,531 units at $1,102,264 on Wednesday and month to date, an average of 165,233 units at $934,580 compared with 150,866 units at $1,023,944 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Wigton Windfarm led trading with 7.97 million shares for 67.3 percent of total volume followed by Transjamaican Highway with 2.02 million units for 17.1 percent of the day’s trade and Lasco Distributors with 242,507 stock units for 2 percent market share.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close of the market, Eppley shed $1.05 and ended at $38.95, with 155 shares crossing the market, Guardian Holdings rallied $9.95 to $369.95 after a transfer of 12 stocks, Jamaica Broilers rose $1.59 in closing at $33.79 after 21,564 shares passed through the market. Jamaica Producers climbed 65 cents to end at $22.55 with a transfer of just one stock unit, Jamaica Stock Exchange popped 39 cents to close at $10.39, with 762 shares crossing the exchange, Kingston Properties lost 40 cents to finish at $8 with investors transferring 12,182 stock units.
Kingston Wharves dipped 40 cents to $26 in an exchange of 6,182 stocks, Margaritaville advanced $1.45 to end at $15.95 with 1,013 units clearing the market, Sagicor Group gained $1 in closing at $41 after an exchange of 10,102 stocks. Seprod increased $2 to close at $80 in trading 21 units, Supreme Ventures popped 30 cents and ended at $23 after exchanging 40,316 shares and Wisynco Group sank 38 cents to finish at $21 with investors swapping 22,617 stock units.
In the preference segment, Eppley 7.50% preference share dropped 43 cents and ended at $7.05 in an exchange of 6 shares and Jamaica Public Service 7% advanced $3.50 to $45 with traders dealing in 101 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets rise on Thursday
The markets all rose at the close of the Jamaica Stock Exchange on Thursday, as the volume and value of stocks changed hands falling below Wednesday’s levels and resulting in prices of 36 shares rising and 30 declining.
At the close of the market, the JSE Combined Market Index bounced 2,437.84 points to 334,425.44, the All Jamaican Composite Index jumped 2,623.72 points to 360,342.01, the JSE Main Index climbed 2,321.13 points to 321,684.41. The Junior Market Index popped 30.53 points to conclude trading at 3,738.14 and the JSE USD Market Index rose 2.43 points to wrap-up trading at 224.19.
At the close of trading, 16,806,355 shares were exchanged in all three markets, down from 18,375,177 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $46.99 million, well below the $85.87 million on the previous trading day and the JSE USD market closed with an exchange of 238,919 shares for US$7,681 compared to 552,161 units at US$14,011 on Wednesday.
In Main Market activity, Wigton Windfarm led trading with 7.97 million shares followed by Transjamaican Highway with 2.02 million units and Lasco Distributors with 242,507 shares.
In Junior Market trading, Lasco Financial led trading with 1.38 million shares followed by Dolla Financial with 1.24 million stocks and Future Energy with 378,131 units.
In the preference segment, Jamaica Public Service 7% advanced $3.50 to $45.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2023-24 earnings and 13.4 times those for 2024-25 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 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 the more detailed daily report 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.
Trading picks up on the JSE Main Market
Falling prices dominated those rising at the close of the Jamaica Stock Exchange Main Market on Wednesday, following trading in 57 securities down from 62 on Tuesday, with prices of 18 rising, 25 declining and 14 ending unchanged, with the volume of stocks traded, rising 25 percent with a 27 percent greater value than on Tuesday.
The market closed with trading of 7,896,278 shares for $62,829,037 up from 6,312,177 units at $49,633,997 on Tuesday.
Trading averaged 138,531 shares at $1,102,264 up from 101,809 units at $800,548 on Tuesday and month to date, an average of 150,866 units at $1,023,944 compared with 156,583 units at $987,649 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 3.43 million shares for 43.5 percent of the volume followed by Wigton Windfarm with 1.68 million stocks for 21.3 percent of the day’s trade and Scotia Group with 360,975 units for 4.6 percent market share.
The All Jamaican Composite Index declined 1,046.83 points to 357,718.29, the JSE Main Index rose 1,447.87 points to end the day at 319,363.28 and the JSE Financial Index fell 0.14 points to close at 68.00.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Barita Investments dropped 30 cents in closing at $71.20 with 3,729 stock units clearing the market, Caribbean Cement rose 50 cents to $63 with investors swapping 17,789 shares, Eppley rallied $1 to $40 with 76 stocks changing hands. Eppley Caribbean Property Fund rose $1.25 to finish at $40 with an exchange of 5,851 units, Jamaica Broilers shed $1.29 and ended at $32.20 after 5,179 stocks passed through the market, Jamaica Producers declined $1.20 to close at $21.90 in switching ownership of 1,067 units. Jamaica Stock Exchange lost 40 cents to end at $10 with investors dealing in 154,096 shares, JMMB Group climbed 40 cents to $25 after an exchange of 60,519 stock units, Kingston Wharves dipped $1.05 in closing at $26.40 in trading 121,219 shares. Lasco Manufacturing popped 45 cents to close at $5.85, with 43,846 units crossing the market, Margaritaville sank $1.65 to finish at $14.50 in trading 2,609 stocks, Massy Holdings gained $7.99 and ended at $88 after an exchange of 35 stock units.
MPC Caribbean Clean Energy slipped $3 to $92 with a transfer of 100 shares, Pan Jamaica advanced $1.40 and ended at $51.30, with 125 stocks crossing the exchange, Scotia Group rose 50 cents in closing at $44.40 with traders dealing in 360,975 units, ahead of second quarter results due out on Thursday along with a dividend announcement. Seprod fell $1.40 to close at $78 in an exchange of 6,468 stock units, Stanley Motta skidded $1.34 to finish at $6.11 with 2,847 shares crossing the market and Supreme Ventures sank 30 cents to end at $22.70 after a transfer of 133,409 units.
In the preference segment, Productive Business Solutions 10.5% preference share advanced $90 in closing at $1200 with an exchange of 10 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rose on Jamaica Stock Exchange
The Main Market of the Jamaica Stock Exchange rose at the close of trading on Wednesday, with the Junior Market declining by a few points and the JSE USD market suffered a big percentage fall as trading ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 27 shares rising and 42 declining.
At the close of trading, the JSE Combined Market Index climbed 1,324.21 points to 331,987.60, the All Jamaican Composite Index shed 1,046.83 points to 357,718.29, the JSE Main Index gained 1,447.87 points to close trading at 319,363.28. The Junior Market Index slipped 9.15 points to end the day at 3,707.61 and the JSE USD Market Index dropped 9.12 points or 4 percent to conclude trading at 221.76.
At the close of trading, 18,375,177 shares were exchanged in all three markets, up from 17,868,565 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $85.87 million, above the $69.07 million on the previous trading day and the JSE USD market closed with an exchange of 552,161 shares for US$14,011 up from 1,188,623 units at US$36,705 on Tuesday.
In Main Market activity, Transjamaican Highway led trading with 3.43 million shares followed by Wigton Windfarm with 1.68 million stocks and Scotia Group with 360,975 units, ahead of second quarter results due Thursday.
In the Junior Market, Limners and Bards led trading with 4.30 million shares followed by Future Energy with 1.92 million stocks and Dolla Financial with 1.54 million units.
In the preference segment, Productive Business Solutions 10.5% preference share advanced $90 in closing at $1,200.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.1 on 2023-24 earnings and 13.3 times those for 2024-25 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 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 the more detailed daily report 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 assess the value of stocks based on this measure quickly. 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.
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