Stocks made more gains at the close of trading on the Junior Market of the Jamaica Stock Exchange on Friday, following the slight slippage on Thursday after the near 100 points recovery on Wednesday and ended on Friday,
with a 105 percent jump in the volume of stocks traded accompanied by a 61 percent climb in value compared to Thursday, with trading taking place in 44 securities compared with 41 on Thursday and ended with 16 rising, 16 declining and 12 closing unchanged.
Investors traded 8,514,607 shares for $16,106,240 versus 4,143,867 units at $10,013,554 on Thursday.
Trading averaged 193,514 shares at $366,051 compared to 101,070 stocks at $244,233 on Thursday and trading for the month to date averaged 221,835 shares at $511,768 compared to 224,470 stock units at $525,323 on the previous day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 2.82 million shares for 33.1 percent of total volume, followed by Jetcon Corporation with 1.95 million units for 22.9 percent of the day’s trade and Stationery and Office Supplies with 914,844 units for 10.7 percent of market share.
At the close, the Junior Market Index gained 24.48 points to end trading at 3,887.42.
The PE Ratio, a measure used to compute appropriate stock values, averages 10.9. The PE ratios of the Junior Market are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial rose $2.26 to $25.14 with stakeholders exchanging 149 shares, Dolphin Cove advanced 55 cents in closing at $17.05 with a transfer of 18,887 units, EduFocal fell 19 cents and ended at $1.40 after a transfer of 237,710 stocks. Fontana shed 55 cents to end at $10.55 with 64,894 stocks clearing the market, General Accident rallied 7 cents to close at $4.90 after investors ended trading 26,481 stock units,
Image Plus Consultants dipped 10 cents to $2.08, with 67,783 units crossing the market. ISP Finance gained $5.08 in closing at $26.48 and closed after 5,600 shares were traded, KLE Group gained 15 cents to close at $1.64 in trading 42 stocks, Lasco Distributors climbed 30 cents to $4.49 in exchanging 497,954 stocks. Lasco Manufacturing popped 14 cents to $5.35 as 286,854 shares passed through the market, Main Event declined 82 cents to $14.18 in switching ownership of 33,789 stock units, Medical Disposables gained 20 cents to close at $4.85 in an exchange of 5,000 units. Paramount Trading lost 18 cents to end at $1.80 while exchanging 42,800 stock units, Stationery and Office Supplies dipped 14 cents to $2 with
an exchange of 914,844 shares and Tropical Battery declined 15 cents and ended at $1.89 with investors transferring 77,300 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading gained steam on the Jamaica Stock Exchange
Trading picked up on the Jamaica Stock Exchange on Friday with the volume and the value of stocks traded climbing above Thursday’s trades and resulting in all three markets of the Jamaica Stock Exchange recording gains in the main indices, but the combined index dipped to close out the week.
At the close, the JSE Combined Market Index dipped 414.94 points to close at 334,232.98, the All Jamaican Composite Index rose 129.65 points to end at 353,437.71, the JSE Main Index dropped 684.90 points to finish at 320,070.80, the Junior Market Index gained 24.48 points to close trading at 3,887.42, while the JSE USD Market Index rose 9.95 points to 246.53.
There was only one Preference share trading that ended with a notable price change with Productive Business Solutions 10.5 % preference share shedding $100 and ended at $1000.
At the close, investors dealt in 19,541,580 shares in all three markets, up from 10,094,461 stocks on Thursday. The value of stocks traded on the Junior and Main markets ended at $73.3 million, up from $47.9 million on Thursday. Trading on the JSE USD market ended with investors exchanging 595,775 shares for US$31,180 compared with 445,494 units at US$17,444 on Thursday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.9 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies 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 successfully navigate numerous investment options in the local 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 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 pertaining to the highest bid and the lowest offer for each company.
Trading slips on the Junior Market
The Junior Market of the Jamaica Stock Exchange slipped modestly on Thursday after trading took place in 41 securities compared with 42 on Wednesday and ended with prices of 18 rising, 15 falling and eight closing unchanged with the volume of stocks traded drooped 73 percent and the value 77 percent lower than Wednesday.
Investors traded a mere 4,143,867 shares for $10,013,554 compared to 15,211,591 units at $44,456,814 on Wednesday.
Trading averaged 101,070 shares at $244,233 compared with 362,181 shares at $1,058,496 on Wednesday with the month to date, averaging 224,470 units at $525,323 compared with 236,182 stock units at $552,001 on the previous day. Trading in July averaged 326,541 units at $843,878.
ONE on ONE Educational led trading with 1.15 million shares for 27.8 percent of total volume, followed by Future Energy Source with 1.01 million units for 24.5 percent of the day’s trade and Stationery and Office Supplies with 329,995 units for 8 percent market share.
At the close, the Junior Market Index lost 10.43 points in closing at 3,862.94.
The PE Ratio, a measure of computing appropriate stock values, averages 10.8. 
The PE ratios of Junior Market are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial fell $2.26 in closing at $22.88 with investors transferring a mere 57 shares, AMG Packaging dropped 24 cents to end at $2.29 after exchanging 1,340 stocks, Blue Power rallied 27 cents and ended at $2.27 in trading 1,515 stock units. Cargo Handlers climbed $1.10 to $17.50 as investors exchanged 693 units, Caribbean Cream dipped 24 cents to close at $3.76 after an exchange of 13,145 stock units, Consolidated Bakeries lost 41 cents and ended at $2.31 after a transfer of 115 units. Dolla Financial declined 12 cents in closing at $2.81 in switching ownership of 65,279 shares, Dolphin Cove rose 49 cents to $16.50 with shareholders swapping 16,144 stocks, 
Fontana gained 10 cents and ended at $11.10 after trading 23,036 shares. Fosrich shed 8 cents to close at $2 in an exchange of 320,641 units. Future Energy Source dipped 16 cents to end at $3.59, with 1,013,620 stocks crossing the market, General Accident advanced 33 cents to end at $4.83 and closed with an exchange of 5,101 stock units, Honey Bun declined 16 cents to close at $6.06 with a transfer of 8,916 stocks. Iron Rock Insurance popped 29 cents to $2.39 with stakeholders trading one unit, JFP Ltd climbed 11 cents in closing at $1.63 while trading 44,242 stock units, Lasco Distributors rose 9 cents to end at $4.19, with 56,828 shares clearing the market. Lasco Financial rallied 13 cents to $2.13 in an exchange of 125,016 stock units, Limners and Bards gained 17 cents and ended at $1.98, with 240 stocks crossing the exchange, Main Event climbed 61 cents in closing at $15 in traversing the market with 754 shares. 
MFS Capital Partners increased 11 cents to close at $2.50, with 253 units changing hands and Stationery and Office Supplies popped 30 cents in closing at $2.14 with an exchange of 329,995 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the Jamaica Stock Exchange
Stocks registered losses in all three markets of the Jamaica Stock Exchange on Thursday as trading plunged well below that on Wednesday, with the volume of stocks 23 percent of that traded previously and a value just under 30 percent of Wednesday’s traded value.
At the close, the JSE Combined Market Index dipped 522.54 points to 334,647.92, the All Jamaican Composite Index dropped 757.11 points to 353,308.06, the JSE Main Index lost 457.71 points to end at 320,755.70, the Junior Market Index fell 10.42 points to finish at 3,862.94, the JSE USD Market Index shed 6.47 points to close at 236.58.
There was only one Preference share trading that ended with a notable price change as Jamaica Public Service 7% fell $9.75 to $55.25.
At the close, investors dealt in 10,094,461 shares in all three markets, down from 43,258,967 stocks on Wednesday. The value of stocks traded on the Junior and Main markets ended at just $47.9 million, down sharply from $162 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 445,494 shares for US$17,444, compared with 797,307 units at US$115,172 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.2 on 2022-23 earnings and 11.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies 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 successfully navigate numerous investment options in the local 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 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 pertaining to the highest bid and the lowest offer for each company.
Big jump for Junior Market
The Junior Market Index surged 95.27 points to 3,873.37 at the close of trading on the Junior Market of the Jamaica Stock Exchange on Wednesday, following a 50 percent rise in the volume of stocks traded and a 108 percent bounce in value compared to Tuesday, helped considerably by trading in 
shares of Lasco Manufacturing, following trading in 42 securities versus 44 on Tuesday and ending with prices of 15 rising, 20 declining and seven closing unchanged.
Investors traded 15,211,591 shares for $44,456,814 up from 10,150,305 units at $21,390,870 on Tuesday.
Trading averaged 362,181 shares at $1,058,496, compared to 230,689 shares at $486,156 on Tuesday with the month to date, averaging 236,182 units at $552,001 compared with 222,612 stock units at $497,455 on the previous day. July closed with an average of 326,541 units at $843,878.
Lasco Manufacturing led trading with 4.14 million shares for 27.2 percent of the total volume with a value of $21.55 million for 48.55 percent of the total value of stocks traded, followed by EduFocal with 3.08 million units for 20.3 percent of the day’s trade. 
Dolla Financial chipped in with 2.88 million units for 18.9 percent market share, ONE on ONE Educational ended with 1.77 million units for 11.7 percent of the market volume and Stationery and Office Supplies with 1.53 million units for 10.1 percent of total volume.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are calculated using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging popped 23 cents to close at $2.53 with a transfer of just 500 shares, CAC 2000 advanced 84 cents and ended at $6.99 after 6,481 stocks passed through the market, Cargo Handlers climbed 36 cents to $16.40 with shareholders swapping 600 units. 
Dolla Financial gained 23 cents in closing at $2.93 following switching ownership of 2,881,799 shares, EduFocal rose 17 cents to end at $1.57 with an exchange of 3,084,681 stocks, Express Catering rallied 60 cents to end at $5.10 after a transfer of 800 stock units. Fosrich gained 8 cents to end at $2.08, with 97,890 shares crossing the market, Future Energy Source lost 12 cents and ended at $3.75 after an exchange of 247,772 units, Image Plus Consultants dipped 14 cents in closing at $2.14, with 24,527 stock units crossing the exchange. JFP Ltd declined 11 cents to close at $1.52 while traders were exchanging 437,963 stocks, Lasco Financial dropped 15 cents to close at a 52 weeks’ low of $2 after hitting an intraday low of $1.50 in trading 22,140 units, 
Lasco Manufacturing climbed 64 cents and ended at $5.20 after an exchange of 4,144,606 shares, Main Event shed $1.49 to end at $14.39, with investors transferring 1,027 units and Medical Disposables fell 20 cents to $4.65, with 7,494 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big Junior market recovery, Main Market slips
The Junior Market recovered all most all the 137 points drop in the previous two days as it enjoyed a near 100-point bounce on Wednesday, with JSE USD rising with the Main Market index slipping following a rise in volume and value of stocks trading over the markets’ activity on Tuesday.
At the close, the JSE Combined Market Index popped 692.51 points to close at 335,170.47, the All Jamaican Composite Index advanced 228.12 points to end at 354,065.17, the JSE Main Index dipped 192.39 points to finish at 321,213.41, the Junior Market Index surged 95.27 points to finish at 3,873.37, while the JSE USD Market Index slipped 2.64 points to close at 243.05.
There are no Preference shares trading with a notable price change.
At the close, investors dealt in 43,258,967 shares in all three markets, up from 23,384,296 stocks on Tuesday. The value of stocks traded on the Junior and Main markets ended at $162 million, up sharply from $61.7 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 797,307 shares for US$115,172, compared with 610,587 units at US$16,053 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.3 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies 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 successfully navigate numerous investment options in the local 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 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 pertaining to the highest bid and the lowest offer for each company.
Junior Market gets another big hit
The Junior Market Index plunged for a second day with a loss of 74.82 points and follows the 62 pints drop on Monday to settle at 3,778.10 as trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded moderately higher than on Monday with a 19 percent higher value, following trading in 44 securities compared with 43 on Monday and ended with prices of 16 rising, 21 declining and seven closing unchanged.
Investors traded 10,150,305 shares for $21,390,870 compared with 9,598,734 units at $18,018,458 on Monday.
Trading averaged 230,689 shares at $486,156 compared to 223,226 shares at $419,034 on Monday with the month to date, averaging 222,612 units at $497,455 compared with 221,585 stock units at $498,892 on the previous day. July closed with an average of 326,541 units at $843,878.
JFP Ltd led trading with 2 million shares for 19.7 percent of total volume, ONE on ONE Educational followed with 1.33 million units for 13.1 percent of the day’s trade and Derrimon Trading with 1.06 million units for 10.5 percent of the day’s trade.
The PE Ratio, a measure of computing appropriate stock values, averages 10.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial increased $2.35 to end at $25.15 after just 3 shares passed through the market, Blue Power fell 45 cents to a 52 weeks’ low of $2 after exchanging 867 stock units, CAC 2000 advanced 25 cents to close at $6.15 in trading 1,999 units. Cargo Handlers lost $2.61 and ended at $16.04 in an exchange of 4,104 stocks, Caribbean Flavours shed 8 cents in closing at $1.24 after 25,240 units crossed the exchange, Derrimon Trading dipped 10 cents to close at $1.85 with an exchange of 1,062,570 stock units. 
Dolphin Cove declined 38 cents to end at $16.02 with 14,362 shares crossing the market, EduFocal dropped 25 cents in closing at a 52 weeks’ low of $1.40 with investors transferring 954,371 stocks, Elite Diagnostic popped 26 cents and ended at $2.05 and closed with a mere two stock units trading. Express Catering dropped 60 cents to $4.50 in an exchange of 81,915 units, Fosrich dipped 14 cents and ended at $2, with 490,708 stocks changing hands, Future Energy Source climbed 19 cents to close at $3.87 with stakeholders trading 66,674 shares. Honey Bun rose 35 cents to $6.27 with a transfer of 3,247 shares, ISP Finance rallied 17 cents in closing at $21.40 with 3 stocks clearing the market, Lasco Manufacturing declined 72 cents to end at $4.56 as investors exchanged 194,300 stock units. Limners and Bards gained 8 cents in closing at $1.81 after an exchange of 32,192 units, 
Medical Disposables gained 25 cents in closing at $4.85 with shareholders swapping 95 units and MFS Capital Partners popped 8 cents to close at $2.39 after trading 171,923 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another big fall for Juniors as others fall
All three Jamaica Stock Exchange markets fell on Tuesday but the Junior Market took another battering, falling 75 points on top of the more than 62 points fall on Monday, the JSE USD and Main Markets slipped lower to close out the day with a rise in the volume of stocks trading but with a much lower value than on Monday.
At the close, the JSE Combined Market Index fell 1,474.35 points to close at 334,477.95, the All Jamaican Composite Index shed 612.08 points to end at 353,837.05, the JSE Main Index fell 846.13 points to end at 321,405.80, the Junior Market Index dived 74.82 points to 3,778.10, while the JSE USD Market Index slipped 4.15 points to close at 240.41.
Preference share trading ended with the only notable price change being that of Jamaica Public Service 7% with a rise of $15 to end at $65.
At the close, investors dealt in 23,384,296 shares in all three markets, up from 20,682,647 stocks on Monday. The value of stocks traded on the Junior and Main markets ended at $61.7 million, up sharply from $109.34 million on Monday. Trading on the JSE USD market ended with investors exchanging 610,587 shares for US$16053, compared with 155,440 units at US$5,637 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.9 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies 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 successfully navigate numerous investment options in the local 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 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 pertaining to the highest bid and the lowest offer for each company.
Big fall for Junior Market
The Junior Market of the Jamaica Stock Exchange suffered a big fall on Monday, with the market index diving 62.55 points to end at 3,852.92 even as the volume of stocks traded climbed 104 percent valued 64 percent more than in trading on Friday. 
At the close 43 securities were traded compared with 44 on Friday and ended with 11 rising, 21 declining and 11 closing unchanged.
Investors traded 9,598,734 shares for $18,018,458 up from 4,704,278 units at $11,000,031 on Friday.
Trading averaged 223,226 shares at $419,034 compared with 106,915 units at $250,001 on Friday. Trading for the month to date averaged 221,585 stock units at $498,892 compared with 221,353 shares at $510,225 on the previous day. July closed with an average of 326,541 units at $843,878.
ONE on ONE Educational led trading with 2.69 million shares for 28 percent of total volume, followed by Fosrich with 1.08 million units for 11.2 percent of the day’s trade and EduFocal with 1.03 million units for 10.8 percent of the day’s volume.
The PE Ratio, a measure of computing appropriate stock values, averages 10.6. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial fell 8 cents to $22.80 with stakeholders exchanging 1,166 shares, CAC 2000 climbed $1.37 to end at $5.90 with investors trading 4,465 units, Cargo Handlers declined 15 cents to $18.65 with 2,648 stocks changing hands. Dolla Financial lost 15 cents and ended at $2.65 after investors traded 378,146 stock units, EduFocal advanced 16 cents to $1.65, with 1,033,874 shares crossing the market, Elite Diagnostic shed 32 cents in closing at $1.79, with an exchange of 24,127 units. Everything Fresh rallied 26 cents to close at $1.60 after 263,201 stock units passed through the exchange, 
Future Energy Source dropped 17 cents to $3.68 with 211,783 stocks clearing the market, General Accident dipped 39 cents and ended at $4.50 with a transfer of 205,853 shares. Honey Bun fell 13 cents to end at $5.92 while exchanging 2,932 stock units, Image Plus Consultants increased 11 cents to close at $2.25 with an exchange of 618,000 stocks, JFP Ltd dipped 20 cents to end at $1.60 after 318,000 units changed hands. Lasco Manufacturing rose 40 cents to $5.28 in trading 14,242 stocks, Main Event gained 53 cents and ended at $15.93 with shareholders swapping 19,419 units, Medical Disposables dropped 25 cents in closing at $4.60, with 6,230 shares crossing the market. 
MFS Capital Partners declined 17 cents to $2.31 and closed with an exchange of 80,961 stock units and Regency Petroleum shed 11 cents to $2.40 as 362,805 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for Junior Market, Main Market gains
The Junior Market of the Jamaica Stock Exchange plunged on Monday but the JSE USD Market inched higher at the close while the Main market recorded gains to start off the week positively, following a jump in both volume and value of stocks trading on the exchange.
At the close, the JSE Combined Market Index rose 377.13 points to close at 335,952.31, the All Jamaican Composite Index rallied 822.60 points to close at 354,449.13, the JSE Main Index rallied 1,017.76 points to close at 322,251.93, the Junior Market Index dived 62.33 points to 3,853.92, while the JSE USD Market Index popped 2.18 points to close at 244.58.
Preference share trading ended with notable price changes for Eppley 5% preference share advanced $1.03 to $22, Jamaica Public Service 7% shed $2 in closing at $50 and 138 Student Living preference share climbed $6.50 to end at $99.98.
At the close, investors dealt in 20,682,647 shares, in all three markets, up from 12,495,973 stocks on Friday. The value of stocks traded on the Junior and Main Markets ended at $109.34 million, up sharply from $64.3 million on Friday. Trading on the JSE USD market ended with investors exchanging 155,440 shares for US$5,637, compared with 118,609 units at US$17,580 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.4 on 2022-23 earnings and 11.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between them 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 successfully navigate numerous investment options in the local 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 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 pertaining to the highest bid and the lowest offer for each company.