Trading on the Jamaica Stock Exchange ended on Monday with a rise in the volume of stocks exchanged with a value lower than on Friday, resulting in the Main Market major indices rising, the Junior Market index and the JSE USD Market closing lower with the market closing with prices of 37 shares rising, 52 declining and 26 remaining firm.
At the close of the market, the JSE Combined Market Index crawled 63.60 points to settle at 334,287.94, while the All Jamaican Composite Index jumped 1,241.73 points to 371,167.41, the JSE Main Index rallied 276.37 points to 321,867.86, the Junior Market Index declined 27.94 points to 3,694.58, and the JSE USD Market Index dipped 0.81 points to wrap up trading at 267.05.
At the close of trading, 39,711,654 shares were exchanged in all three markets, up from 37,239,681 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $148.15 million, down from $347.17 million on the previous day and the JSE USD market closed with an exchange of 925,163 shares for US$39,022 well above the 212,448 units that were traded at US$18,687 on Friday.
In Main Market activity, Wigton Energy led trading with 19.06 million stocks followed by Transjamaican Highway with 6.32 million shares and Radio Jamaica with 569,027 units.
In Junior Market trading, ONE on ONE Educational led with 1.50 million stocks followed by Dolla Financial with 1.33 million shares and Derrimon Trading with 794,643 units.
In the preference segment, Jamaica Public Service 7% climbed $3 to finish at $43, Jamaica Public Service 9.5% rose $65 and ended at $2,755 and 138 Student Living preference share sank $2.92 to $233.50.The market’s PE ratio, the most popular measure used to value stocks, ended at 13.8 based on projected 2024-25 earnings and 20.5 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 2023 and 2024 actual or projected earnings, excluding major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. 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 to assess 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.
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.
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.