Stocks fell in Monday’s trading session and pushed down the market indices, with the Main Market index losing more than 6,000 points, with the Junior Market after losing around 33 points, deep into the trading session bounced back before the close to end the day with a minor of a few points while the JSE USD market closed moderately lower as trading ended with the number of stocks changing hands falling and the value jumping sharply over the previous trading day, resulting in prices of 29 shares rising and 43 declining.
At the close of trading on Monday, the JSE Combined Market Index dived 5.384.99 points to close at 336,302.80, the All Jamaican Composite Index dropped 4,751.24 points to finish at 363,559.46, while the JSE Main Index plunged 5,752.15 points to end trading at 323,170.52. The Junior Market Index rose 1.10 points to 3,793.15 and the JSE USD Market Index fell 0.14 points to wrap up trading at 250.57.
At the close of trading, 31,872,543 shares were exchanged in all three markets, down from 36,320,454 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $217.58 million, up from just $61.09, million on the previous trading day and the JSE USD market closed with an exchange of 90,769 shares for US$18,681 compared to 83,304 units at US$2,577 on Friday.
Trading in the Main Market was dominated by General Accident with 12.0 million shares followed by Transjamaican Highway with 6.55 million units, Sagicor Group with 1.33 million stock units and Proven Investments with 1.0 million stocks.
In the Junior Market, Fosrich led trading with 999,041 shares followed by Derrimon Trading with 614,908 units and Everything Fresh with 526,860 stocks.
In the preference segment, Jamaica Public Service 9.5% increased $51 to $2,900 and Productive Business Solutions 9.75% preference share dropped $10 in closing at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.1 on 2022-23 earnings and 14.1 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 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.
Trading dropped prices rise on JSE Main Market
Trading dropped on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded plunging 63 percent and the value 61 percent lower, compared with market activity on Thursday, ending with trading in 57 securities as was the case on Thursday, with prices of 26 stocks rising, 16 declining and 15 ending unchanged.
The market closed with 9,443,669 shares trading for a mere $30,041,719 down sharply from 25,385,635 units at $76,122,713 on Thursday.
Trading averaged 165,678 shares at $527,048 compared to 445,362 units at $1,335,486 on Thursday and month to date, an average of 991,657 stocks at $2,327,275 compared to 1,045,463 units at $2,444,547 on the previous day and February that closed with an average of 385,143 stock units at $3,418,046.
Wigton Windfarm led trading with 3.31 million shares for 35 percent of total volume followed by Transjamaican Highway with 3.15 million units for 33.4 percent of the day’s trade and Sagicor Select Financial Fund with 897,196 units for 9.5 percent market share.
The All Jamaican Composite Index increased 1,960.48 points to conclude trading at 368,310.70, the JSE 
Main Index increased 1,662.57 points to finish at 328,922.67 and the JSE Financial Index advanced 1.13 points to settle at 71.01.
The Main Market ended trading with an average PE Ratio of 13.7. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden dropped 50 cents to $39.50 while exchanging 3,189 stock units, Caribbean Cement gained 40 cents to close at $57 in trading 343 shares, Caribbean Producers fell 50 cents in closing at $9.50 with 5,050 stocks clearing the market. First Rock Real Estate rose 88 cents and ended at $9.88 after exchanging 100 units, GraceKennedy advanced $1.74 to end at $75.24 with investors swapping 52,002 shares, Guardian Holdings popped $18 to $369 with an exchange of just two units. Jamaica Broilers increased 30 cents and ended at $33.40, with 28,136 stocks crossing the market, 
Jamaica Stock Exchange climbed $1.29 in closing at $10.40 with a transfer of 3,774 stock units, Key Insurance rallied 36 cents to end at $2.57, with 94 shares crossing the market. Kingston Properties dipped 43 cents to close at $7.07 in trading 5,360 stock units, Kingston Wharves rose $1.28 to $32.37 and closed with an exchange of 78,002 units, Margaritaville advanced $1.93 in closing at $15.99 with investors transferring a mere two stocks. NCB Financial popped $1.99 to end at $67 after 1,539 shares passed through the market, 138 Student Living lost 50 cents to close at $3.80, with 161,336 stock units changing hands, Pan Jamaica increased $2.57 and ended at $50.08 as investors exchanged 756 units. Proven Investments climbed $1.68 to $23.60 after a transfer of 419 stocks, Scotia Group shed $1 to close at $46, with 4,002 shares crossing the exchange, Seprod rallied 99 cents and ended at $84.50 with investors dealing in 135 stock units and Stanley Motta gained 49 cents to end at $7.49 in an exchange of 16 units.
In the preference segment, Jamaica Public Service 9.5% declined $51 in closing at $2849 with investors trading just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets rose on Friday
Stocks closed higher on all three markets of the Jamaica Stock Exchange on Friday as the Junior Market recovered a major part of the value lost on Thursday to close at just under 3,800 points. The market closed with a rise in the number of stocks changing hands, but with a lower value compared with the previous trading day, as trading rose in the Junior Market and declined in the Main Market, resulting in prices of 50 shares rising and 21 declining.
At the close of trading on Friday, the JSE Combined Market Index climbed 1,858.20 points to end at 341,687.79, the All Jamaican Composite Index rose by 1,960.48 points to finish at 368,310.70, the JSE Main Index rallied 1,662.57 points to 328,922.67. The Junior Market Index climbed 34.14 points to finish at 3,792.05 and the JSE USD Market Index increased 1.68 points to finish at 250.71.
At the close of trading, 36,320,454 shares were exchanged in all three markets, up from 31,075,461 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $61.09 million, down from $91.08, million on the previous trading day and the JSE USD market closed with an exchange of 83,304 shares for US$2,577 compared to 29,463 units at US$5,112 on Thursday.
Trading in the Main Market was dominated by Wigton Windfarm with 3.31 million shares followed by Transjamaican Highway with 3.15 million stock units and Sagicor Select Financial Fund with 897,196 units.
In the Junior Market, One Great Studio led trading with 23.11 million shares followed by EduFocal with 1.06 million stock units and Fontana with 619,770 units.
In the preference segment, Jamaica Public Service 9.5% declined $51 in closing at $2,849.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 14. 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 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.
JSE Main market lost altitude
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded rising 112 percent with a marginally greater value than on Wednesday, with trading in 57 securities compared with 58 on Wednesday, with prices of 15 stocks rising, 25 declining and 17 ending unchanged.
The market closed with 25,385,635 shares being traded for $76,122,713 compared with 11,956,313 units at $74,815,722 on Wednesday.
Trading averaged 445,362 shares at $1,335,486 compared with 206,143 units at $1,289,926 on Wednesday and for the month to date, an average of 1,045,463 units at $2,444,547 compared with 1,087,279 units at $2,521,829 on the previous day and February that closed with an average of 385,143 units at $3,418,046.
Transjamaican Highway led trading with 8.84 million shares for 34.8 percent of total volume followed by JMMB 9.5% preference share with 6.67 million units for 26.3 percent of the day’s trade, Wigton Windfarm chipped in with 5.58 million units for 22 percent market share and Radio Jamaica ended with 1.03 million units for 4.1 percent of total volume.
The All Jamaican Composite Index shed 803.27 points to end at 366,350.22, the JSE Main Index sank 910.30 points to end at 327,260.10 and the JSE Financial Index declined 0.44 points to close at 69.88.
The Main Market ended trading with an average PE Ratio of 13.5. 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 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Eppley declined 50 cents to end at $39.50 with 241 stocks clearing the market, Guardian Holdings fell $18 to $351 in an exchange of 260 units, Jamaica Broilers shed 30 cents and ended at $33.10 after 5,393 shares passed through the market. Jamaica Stock Exchange sank $1.47 to close at $9.11, with 6,039 stock units changing hands, JMMB Group skidded $1.70 in closing at $25 after an exchange of 10,301 shares, Key Insurance lost 36 cents to $2.21 with traders dealing in 5,340 units. Kingston Properties rose 43 cents to end at $7.50 with 13 stocks crossing the market, NCB Financial dipped $3.47 in closing at $65.01 after exchanging 23,425 stock units, Proven Investments dropped $1.69 and ended at $21.92 with a transfer of 1,484 shares. 
Sagicor Group gained $1.01 to close at $40.51 as investors exchanged 104,336 stock units, Sagicor Real Estate Fund popped 93 cents to $8 after a transfer of 1,854 units and Scotia Group climbed $1.50 to end at $47 in trading 40,426 stocks.
In the preference segment, 138 Student Living preference share shed 97 cents in closing at $218.03 with just one share passing through the exchange, Productive Business Solutions 10.5 % preference share lost $123.29 to close at $1150 with investors trading 43 stock units, Productive Business Solutions 9.75% preference share increased $19.91 and ended at $115 in an exchange of 261 units and Sygnus Credit Investments C10.5% rallied $3 to $110, with a mere 9 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rises as markets mostly fall
The Main Market and Junior Market of the Jamaica Stock Exchange declined in trading on Thursday as the JSE USD market closed moderately higher as trading ended with the number and value of stocks changing hands rising, over the previous trading day, resulting in prices of 26 shares rising and 38 declining.
At the close of trading, the JSE Combined Market Index declined 1,213.73 points to 339,829.59, the All Jamaican Composite Index declined 803.27 points to 366,350.22, the JSE Main Index dropped 910.30 points to 327,260.10. The Junior Market Index plunged 41.11 points to close at 3,757.91 and the JSE USD Market Index rose 1.38 points to 249.03.
At the close of trading, 31,075,461 shares were exchanged in all three markets, up from 15,867,211 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $91.08 million, up from $82.89, million on the previous trading day and the JSE USD market closed with an exchange of 9,463 shares for US$5,112 compared to 288,604 units at US$12,293 on Wednesday.
Main Market trading was dominated by Transjamaican Highway with 8.84 million shares followed by JMMB 9.5% preference share with 6.67 million units, Wigton Windfarm with 5.58 million stock units and Radio Jamaica with 1.03 million shares.
In the Junior Market, EduFocal led trading with 1.58 million shares followed by Lumber Depot with 1.15 million units and Future Energy with 807,980 stock units.
In the preference segment, Productive Business Solutions 10.5% preference share dropped $123.29 to $1,150, Productive Business Solutions 9.75% preference share increased $19.91 and ended at $115 and Sygnus Credit Investments C10.5% rallied $3 to $110.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.1 on 2022-23 earnings and 13.9. 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 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.
Gains for JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with a 48 percent decline in the volume of stocks and a 19 percent fall in the value compared with Tuesday, following trading in 58 securities compared with 59 on Tuesday, with prices of 28 rising, 19 declining and 11 ending unchanged resulting in the market indices rising to close out trading.
The market closed with 11,956,313 shares being traded for $74,815,722 down from 22,829,779 units at $92,714,302 on Tuesday.
Trading averaged 206,143 shares at $1,289,926 compared to 386,945 units at $1,571,429 on Tuesday and month to date, an average of 1,087,279 units at $2,521,829, in comparison with 1,154,524 units at $2,615,843 on the previous day and February that closed with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 3.25 million shares for 27.2 percent of total volume followed by Radio Jamaica with 2.80 million units for 23.4 percent of the day’s trade, Transjamaican Highway chipped in with 2.66 million units for 22.3 percent market share and QWI Investments with 1.02 million units for 8.5 percent of total volume.
The All Jamaican Composite Index popped 1,037.70 points to close at 367,153.49, the JSE Main Index advanced 969.26 points to end at 328,170.40 and the JSE Financial Index rose 0.46 points to conclude trading at 70.32.
The Main Market ended trading with an average PE Ratio of 13.6. 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 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Carreras rose 30 cents to $9.05 with 103,549 stocks clearing the market, GraceKennedy declined $1.74 in closing at $73.50 while exchanging 380,969 units, Jamaica Stock Exchange advanced $1.44 to end at $10.58, with 1,370 shares crossing the market. Key Insurance popped 37 cents and ended at $2.57 in trading 500 stock units, Kingston Properties shed 43 cents to close at $7.07, with 2,608 shares crossing the market, Kingston Wharves rallied $1.20 to $31.20 after exchanging 3,098 stock units. Margaritaville dropped 74 cents to end at $14.06 after 115 units passed through the market, Mayberry Group increased 94 cents in closing at $7.97 with an exchange of 885 stocks, NCB Financial climbed $1.08 to close at $68.48 after 46,912 shares changed hands. 
Proven Investments gained $1.70 and ended at $23.61, with 3,107 stocks crossing the exchange, Sagicor Group fell 51 cents to a 52 weeks’ low of $39.50 with investors transferring 67,860 units, Scotia Group skidded $1.50 in closing at $45.50 after an exchange of 6,424 stock units. Seprod sank 58 cents to close at $83.42 with investors swapping 10,465 shares, Stanley Motta dipped 65 cents and ended at $6.85 after a transfer of 17,129 stock units and Sygnus Credit Investments lost 87 cents to end at $11.25 with investors dealing in 61,130 stocks.
In the preference segment, Jamaica Public Service 7% popped $3 in closing at $48, with 128 units changing hands, 138 Student Living preference share climbed $1 to $219 with investors trading 165 shares and Productive Business Solutions 9.75% preference share shed $24.90 to end at $95.09 in an exchange of 14 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main & USD markets rise Junior slips
The Main Market of the Jamaica Stock Exchange and the JSE USD market closed higher in trading on Wednesday as the Junior Market closed moderately lower as trading ended with the value and number of stocks changing hands falling, compared with the previous trading day, resulting in prices of 38 shares rising and 39 declining.
At the close of trading, the JSE Combined Market Index climbed 831.32 points to close at 341,043.32, the All Jamaican Composite Index advanced 1,037.70 points to end trading at 367,153.49, the JSE Main Index popped 969.26 points to close at 328,170.40. The Junior Market Index dipped 8.87 points to 3,799.02 and the JSE USD Market Index popped 2.01 points to end at 247.65.
At the close of trading, 15,867,211 shares were exchanged in all three markets, down from 29,117,170 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $82.89 million, down from $107.24 million on the previous trading day and the JSE USD market closed with an exchange of 288,604 shares for US$12,293 compared to 407,861 units at US$34,259 on Tuesday.
Trading in the Main Market was dominated by Wigton Windfarm with 3.25 million shares followed by Radio Jamaica with 2.80 million units, Transjamaican Highway was next with 2.66 million stock units and QWI Investments with 1.02 million shares.
In the Junior Market, Tropical Battery led trading with 536,975 shares followed by Fosrich with 476,598 units and Future Energy with 382,069 stock units.
In the preference segment, Jamaica Public Service 7% popped $3 in closing at $48, 138 Student Living preference share climbed $1 to $219 and Productive Business Solutions 9.75% preference share shed $24.90 to end at $95.09.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.2 on 2022-23 earnings and 13.8. 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 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.
Fall for JSE Main Market
Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 11 percent and the value 113 percent more than on Monday, with trading in 59 securities the same as on Monday, with prices of 17 stocks rising, 28 declining and 14 ending unchanged and resulted in a decline in the market’s main indices.
The market closed with 22,829,779 shares being traded for $92,714,302 compared to 20,603,885 units at $43,453,436 on Monday.
Trading averaged 386,945 shares at $1,571,429 compared to 349,218 units at $736,499 on Monday and month to date, an average of 1,154,524 units at $2,615,843 compared with 1,219,128 units at $2,703,746 on the previous day and February with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 11.46 million shares for 50.2 percent of total volume followed by Sygnus Credit Investments with 2.46 million units for 10.8 percent of the day’s trade, Transjamaican Highway was next with 2.27 million units for 9.9 percent market share, Ciboney Group closed with 1.19 million units for 5.2 percent stock trading, while Sagicor Select Financial Fund ended with 1.19 million stocks for 5.2 percent market share and Sagicor Select Manufacturing & Distribution Fund 1.0 million units for 4.4 percent of total volume.
The All Jamaican Composite Index fell 3,346.63 points to settle at 366,115.79, the JSE Main Index fell 3,054.43 points to lock up trading at 327,201.14 and the JSE Financial Index dipped 0.68 points to end the day at 69.86.
The Main Market ended trading with an average PE Ratio of 13.6. 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 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, AS Bryden rose $2.99 to close at $39.99 after an exchange of 138 shares, Berger Paints lost 30 cents to close at $5.60 after trading 50 units, Caribbean Cement advanced 60 cents to end at $56.60 with 8,499 shares clearing the market. Carreras dipped 30 cents in closing at $8.75 with traders dealing in 66,625 stock units, GraceKennedy popped $1.44 and ended at $75.24 after closing with an exchange of 26,476 shares, Jamaica Producers sank 50 cents to $22 after exchanging 111,603 units. 
Jamaica Stock Exchange dropped 86 cents to end at $9.14 in switching ownership of 3,250 stocks, JMMB Group shed 70 cents in closing at $26.50, with 126,304 stock units crossing the market, Key Insurance declined 30 cents to $2.20 in an exchange of 46,645 shares. Kingston Wharves fell $2.50 to close at $30 after 28,891 stock units passed through the market, Margaritaville increased 79 cents to $14.80 after a transfer of 1,232 stocks, Massy Holdings skidded $2 and ended at $90 with investors swapping 78,010 units. Proven Investments fell $1.66 to end at $21.91 with a transfer of 1,481 stocks, Sagicor Group dropped 99 cents in closing at $40.01, with 70,191 units passing the exchange, Scotia Group climbed $1 to close at $47 with investors transferring 196,850 shares. Sygnus Credit Investments gained $1.14 to end at $12.12, with 2,461,859 stock units crossing the market and Wisynco Group shed 39 cents to close at $20.11 as investors exchanged 126,166 shares.
In the preference segment, Jamaica Public Service 7% lost $3 and ended at $45 in trading 143 stock units. JMMB Group 7% preference share rallied 30 cents to end at $2.85, with 504 stocks changing hands, 138 Student Living preference share jumped $32.70 in closing at $218 in an exchange of 3 units, Productive Business Solutions 9.75% preference share climbed $4.99 to $119.99 with investors dealing in 22 stocks and Sygnus Credit Investments C10.5% popped $5 to end at $107 while exchanging 1,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets fall on Tuesday
Stocks fell across the three markets of the Jamaica Stock Exchange with the Main Market taking the brunt of the fall in trading on Tuesday, with trading resulted in the number and the value of stocks changing hands rising over the previous trading day and resulting in prices of just 24 shares rising and 43 declining.
At the close of trading, the JSE Combined Market Index fell 2,958.91 points to close at 340,212.00, the All Jamaican Composite Index dropped 3,346.63 points to 366,115.79, the JSE Main Index skidded 3,054.43 points to end the day at 327,201.14. The Junior Market Index dipped 10.77 points to 3,807.89 and the JSE USD Market Index fell 2.77 points to lock up trading at 245.64.
At the close of trading, 29,117,170 shares were exchanged in all three markets, up from 23,367,913 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $107.24 million, up from $49.61, million on the previous trading day and the JSE USD market closed with an exchange of 407,861 shares for US$34,259 compared to 172,660 units at US$45,981 on Monday.
Trading in the Main Market was dominated by Wigton Windfarm with 11.46 million shares followed by Sygnus Credit Investments with 2.46 million units, Transjamaican Highway chipped in with 2.27 million stock units, Ciboney Group accounted for 1.19 million units, Sagicor Select Financial Fund closed with 1.19 million shares and Sagicor Select Manufacturing & Distribution Fund delivered 1.0 million units.
In the Junior Market, One Great Studio led trading with 1.20 million shares followed by Fosrich with 846,479 units and Spur Tree Spices with 477,340 stock units.
In the preference segment, Jamaica Public Service 7% lost $3 and ended at $45, 138 Student Living preference share increased $32.70 in closing at $218, Productive Business Solutions 9.75% preference share climbed $4.99 to $119.99 and Sygnus Credit Investments C10.5% popped $5 to end at $107.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.4 on 2022-23 earnings and 14. 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 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.
JSE Main Market rallies
The Jamaica Stock Exchange Main Market trading ended on Monday, with an exchange in the volume of stocks just inching higher and the value 39 percent lower than on Friday, following trading in 59 securities compared with 58 on Friday, with prices of 19 stocks rising, 24 declining and 16 ending unchanged.
The market closed with 20,603,885 shares being traded for $43,453,436 compared with 20,635,786 units at $71,375,395 on Friday.
Trading averaged 349,218 shares at $736,499 compared to 355,789 units at $1,230,610 on Friday and month to date, an average of 1,219,128 units at $2,703,746 compared with 1,299,073 units at $2,884,537 on the previous trading day and February that closed with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 10.78 million shares for 52.3 percent of total volume followed by QWI Investments with 4.83 million units for 23.4 percent of the day’s trade and Transjamaican Highway with 1.99 million units for 9.6 percent of the day’s trade.
The All Jamaican Composite Index climbed 1,665.47 points to 369,462.42, the JSE Main Index rallied 1,460.26 points to 330,255.57 and the JSE Financial Index dipped 0.31 points to 70.54.
The Main Market ended trading with an average PE Ratio of 13.7. 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 2024.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, AS Bryden dropped $2.99 to $37 in an exchange of 1,237 stock units, Eppley sank 51 cents to close at $39.99 after 39 shares passed through the market, Eppley Caribbean Property Fund dipped $2.95 in closing at $37 while exchanging 6,390 stocks. First Rock Real Estate fell 89 cents and ended at $9.01 with investors trading 31,101 units, Jamaica Producers shed $1 to end at $22.50 after exchanging 540 shares, Kingston Properties advanced 50 cents to $7.50 after closing with an exchange of 1,346 stock units. Kingston Wharves declined $1.80 and ended at $32.50 with investors transferring 1,600 units, 
Margaritaville lost $1.98 to close at $14.01 after trading 1,000 stocks, Massy Holdings popped $1 in closing at $92 after investors exchanged 986 units. NCB Financial gained 50 cents to end at $67.50 with investors swapping 56,516 stocks, 138 Student Living rose 42 cents in closing at $4.17 in an exchange of 2,148 shares, Sagicor Real Estate Fund skidded 65 cents to close at a 52 weeks’ low of $7 with investors dealing in 8,034 stock units. Seprod sank $1 to $84 with 3,328 shares clearing the market and Wisynco Group dipped 30 cents to close at $20.50 in trading 10,309 stocks.
In the preference segment, JMMB Group 7% preference share rallied 32 cents to end at $2.55 with 14 units crossing the market, JMMB Group 7.15% – 2028 increased 34 cents to $3.10 in switching ownership of 35,512 stock units and Sygnus Credit Investments C10.5% lost $4.20 to end at $102. with 500 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
