The Jamaica Stock Exchange ended with a fall in the volume of stocks traded with the value rising over that on Wednesday, resulting in big price movements for Main Market stocks and declines in Junior Market stock as profit results disappoint. At the close of trading the prices of 51 shares rose, 46 declined and 19 remained firm.
At the close of the market, the JSE Combined Market Index advanced 731.49 points to 324,959.61, the All Jamaican Composite Index rose 1,603.80 points to 360,694.11, the JSE Main Index rallied 989.89 points to close at 312,261.66, the Junior Market Index sank 29.94 points to 3,674.62 and the JSE USD Market Index lost 1.69 points to close trading at 221.78.
At the close of trading, 27,680,217 shares were exchanged in all three markets, down from 32,998,129 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounting to $227.52 million, greater than the $168.94 million on the previous day and the JSE USD market closed with an exchange of 283,206 shares for US$16,423 compared to 3,730,741 units at US$237,829 on Wednesday.
In Main Market activity, Wigton Energy led trading with 9.0 million stocks followed by Lasco Manufacturing with 5.64 million shares and Wisynco Group with 2.21 million units.
In the Junior Market, Dolla Financial led trading with 860,716 stocks followed by Spur Tree Spices with 324,861 shares and Mailpac Group with 242,018 units.
In the preference segment, Jamaica Public Service 7% rose $3.28 to finish at $43.50 and 138 Student Living preference share advanced $81 to $290.99.The market’s PE ratio, the most popular measure used to value stocks, ended at 12.7 on 2024-25 earnings 20.21 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other 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 earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding any major time income or expenses.
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 sector average, 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.