Trading ended mixed on the Jamaica Stock Exchange on Wednesday as the Main Market indices ended mixed with moderate movements but the Junior Market and the JSE USD market rose moderately as trading ended with the number and the value of stocks changing hands falling, compared with Tuesday and resulting in prices of 30 shares rising and 36 declining.
At the close of trading, the JSE Combined Market Index climbed 193.07 points to close at 347,166.69, the All Jamaican Composite Index shed 2,284.76 points to lock up trading at 370,556.62, the JSE Main Index added just 137.97 points to end at 334,434.00. The Junior Market Index eked out a rise of 7.27 to end at 3,827.46 and the JSE USD Market Index gained 1.53 to close trading at 251.98.
At the close of trading, 13,838,528 shares were exchanged in all three markets, down from 29,750,591 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $57.37 million, from $88.9 million yesterday and the JSE USD market closed with an exchange of 263,941 shares for US$62,436 versus 301,671 units at US$25,796 on Tuesday.
Wigton Windfarm dominated trading in the Main Market, with 1.95 million shares followed by Transjamaican Highway with 1.44 million units and Supreme Ventures with 519,186 stock units.
In the Junior Market, EduFocal led trading with 1.14 million shares followed by Spur Tree Spices with 1.06 million units and Dolla Financialwith 760,918.
At the end of trading on the Main Market, Eppley increased $4.75 and ended at $38.50, JMMB Group rose $1 to $25, Massy Holdings advanced $5 in closing at $98 and Seprod rallied $1 in closing at $87.
The major declining Main Market stocks include Guardian Holdings which fell $9 in closing at $360, Margaritaville declining $2.61 to end at $14.86, MPC Caribbean Clean Energy losing $13.50 to $76.50, NCB Financial skidding by 99 cents to end at $67, Sagicor Group dipping $1.97 and ended at $44 and Scotia Group losing $1.58 to $45.
In the Junior Market, Blue Power advanced 35 cents in closing at $3.30, ISP Finance climbed $6.34 to $31.3, with the major losing stock being Dolphin Cove down $1.48 and ended at $17.52.
In the preference segment, Sygnus Credit Investments C10.5% share fell $1 to close at $106.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2022-23 earnings and 14.2 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 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 pertaining to the highest bid and the lowest offer for each company.
Trading climbs for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks that changed hands rising 62 percent after 276 percent more US dollars passed through the market than on Monday, resulting in trading in seven securities, compared to six on Monday with prices of one rising, three declining and three ending unchanged.
The market closed with an exchange of 301,671 shares for US$25,796 up from 186,772 units at US$6,867 on Monday.
Trading averaged 43,096 units at US$3,685 versus 31,129 shares at US$1,145 on Monday, with a month to date average of 85,562 shares at US$7,893 compared with 105,380 units at US$9,856 on the previous day and January with an average of 42,169 units for US$5,037.
The US Denominated Equities Index fell 1.58 points to conclude trading at 250.44.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Productive Business Solutions remained at US$1.79 after an exchange of 740 shares, Proven Investments dipped 0.59 of a cent to 12.8 US cents with a transfer of 2,213 units, Sygnus Credit Investments 
ended at 8.9 US cents with an exchange of 1,089 shares and Transjamaican Highway sank 0.04 of a cent to end at 2.01 US cents with an exchange of 284,663 stock units,
In the preference segment, JMMB Group US8.5% preference share advanced 11 cents to US$1.15, with 12,601 shares changing hands, Productive Business Solutions 9.25% preference share skidded 50 cents to US$11 as investors exchanged 50 stock units and Sygnus Credit Investments US 8% ended at US$10.50 in switching ownership of 315 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main & Junior Market rises, USD market dips
The Main Market of the Jamaica Stock Exchange had another day of positive movements in trading on Tuesday as the Junior Market inched marginally higher and the JSE USD market slipped moderately as trading ended with the number of stocks changing hands climbing, with the value of stocks traded rising over the previous trading day, resulting in prices of 34 shares rising 42 declining.
Trading activity ended with the JSE Combined Market Index climbing 948.84 points to 346,973.62, the All Jamaican Composite Index rallied 3,627.70 points to end at 372,841.38, the JSE Main Index popped 918.50 points to 334,296.03. The Junior Market Index rose 9.98 points to 3,820.19 and the JSE USD Market Index dipped 1.58 points to close at 250.44.
At the close of trading, 29,750,591 shares were exchanged in all three markets, up from 16,865,715 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $88.9 million, up from $79.13 million yesterday and the JSE USD market ended trading with 301,671 shares for US$25,796, up from 186,772 units at US$6,867 on Monday.
Trading in the Main Market was led by Wigton Windfarm led trading with 5.62 million shares followed by Transjamaican Highway with 2.93 million units, Sagicor Select Manufacturing & Distribution Fund with 2.45 million units, Sagicor Select Financial Fund with 1.08 million units and QWI Investments with 1.02 million units.
In the Junior Market, Dolla Financial led trading with 7.19 million shares followed by Future Energy with 3.25 million units and Tropical Battery with 817,037 units.
At the close of the market, in the Main Market Eppley Caribbean Property Fund popped $1 to trading at $40, Guardian Holdings climbed $9 to end at $369, NCB Financial advanced 99 cents to $67.99 and Sagicor Group rose $2.07 to end at $45.97.
The major declining Main Market stock is GraceKennedy that dipped $1.52 to close at $75.50.
At the close of the Junior Market Caribbean Assurance Brokers advanced 35 cents to $2.44 and Dolla Financial rose 38 cents and ended at $2.98, while ISP Finance shed $6.49 to $25.01, Caribbean Cream lost 40 cents in closing at $3.50 and Lasco Financial dipped 32 cents to close at $1.77.
In the preference segment, Jamaica Public Service 7% gained $3.21 to end at $49.30.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.9 on 2022-23 earnings and 14.2 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 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 pertaining to the highest bid and the lowest offer for each company.
JSE USD Market closes higher
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining 81 percent with 94 percent fewer US dollars changing hands compared to Friday, resulting in trading in six securities, up from four on Friday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 186,772 shares for US$6,867 compared to 1,000,615 units at US$122,251 on Friday.
Trading averaged 31,129 shares at US$1,145 down from 250,154 stock units for US$30,563 on Friday. Trading for the month to date averages 105,380 shares at US$9,856 compared to 154,880 stocks at US$15,664 that was previously traded and January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index increased 1.01 points to close at 252.02.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.5. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Margaritaville dipped 0.07 of a cent and ended at 11.43 US cents after 2,500 stock units passed through the market, Productive Business Solutions ended at US$1.79, with only 27 shares being traded, Proven Investments popped 0.09 of a cent to 13.39 US cents with a transfer of 17,272 shares. Sygnus Credit Investments lost 0.07 of a cent in closing at 8.9 US cents as investors exchanged 12,000 stock units and Transjamaican Highway rose 0.05 of a cent to close at a 52 week’s high of 2.05 US cents with 154,946 shares clearing the market.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.04 with an exchange of 27 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All Markets rise on Monday
All three markets of the Jamaica Stock Exchange recorded gains in indices at the close of trading on Monday with the number of stocks changing hands and the value of stocks traded rising over the previous trading day resulting in prices of 35 shares rising and 3 declining.
At the close of trading, the JSE Combined Market Index climbed 3,886.27 points to close at 346,024.78, the All Jamaican Composite Index rose 2,499.80 points to lock up trading at 369,213.68, the JSE Main Index rallied 4,036.96 points to conclude trading at 333,377.53. The Junior Market Index rose 11.44 points to end at 3,810.21 and the JSE USD Market Index popped 1.01 points to conclude trading at 252.02.
At the close of trading, 16,865,715 shares were exchanged in all three markets, up from 17,913,688 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $79.13 million, up from $65.21 million Friday and the JSE USD market closed with an exchange of 186,772 shares for US$6,867 down from 1,000,615 units at US$122,251 on Friday.
Main Market trading was dominated by Wigton Windfarm trading with 4.33 million shares followed by Transjamaican Highway with 2.62 million units, QWI Investments ended with 1.40 million stock units and Carreras, 1.33 million stocks.
In the Junior Market, Spur Tree Spices led trading with 1.21 million shares followed by EduFocal with 566,845 stock units and Future Energy with 387,681 units.
At the close of the market, some Main Market stocks that rose were Jamaica Producers rallying $2.35 to close at $26.25, Massy Holdings rising $3.64 to $98.49, Proven Investments increasing 99 cents to $23 and Sygnus Real Estate Finance climbing $1.49 and ended at $11.49.
The major declining Main Market stocks include Caribbean Cement down $1.15 to $53.80, Eppley sinking $1 in closing at $33, Eppley Caribbean Property Fund shedding $1 to end at $39, Pan Jamaica dipping $1.50 to $50, Seprod declining $1.87 to end at $85.13, Sygnus Credit Investments dropping 89 cents in closing at $10.85 and Wisynco Group which skidded 97 cents to close at $22.
Stocks ending with major gains in the Junior Market are Cargo Handlers up $1.46 to $14.63, ISP Finance increasing 50 cents to $31.50, Knutsford Express advancing $1.30 to $12.40, with the major losing stock being Caribbean Assurance Brokers that sank 38 cents in closing at $2.09.
In the preference segment, Jamaica Public Service 7% rallied $4.19 and ended at $46.09.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.1 on 2022-23 earnings and 14.3 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 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 pertaining to the highest bid and the lowest offer for each company.
Big price changes for several JSE stocks
The Main Market of the Jamaica Stock Exchange slipped in trading on Friday and the Junior Market gained as the JSE USD market closed unchanged following a sharp reduction in the volume and value of stocks changing hands falling from the previous day andresulting in prices of 39 shares rose and 35, declined, with Scotia Group hitting new 52 weeks’ high in closing at $46 the largest Main Market rising stock.
At the close of trading on Friday, the JSE Combined Market Index climbed 418.12 points to close at 342,138.51, the All Jamaican Composite Index rallied 1,152.06 points to finish trading at 366,713.88, the JSE Main Index advanced 256.53 points to 329,340.57. The Junior Market Index rose 20.28 points to 3,798.77 and the JSE USD Market Index ended unchanged at 251.01.
At the close of trading, 17,913,688 shares were exchanged in all three markets, down from 24,848,411 units on Thursday, with the value of stocks traded on the Junior and Main markets amounts to $65.21 million, down from $94.99 million yesterday and the JSE USD market closed with an exchange of 1,000,615 shares for US$122,251 up from 393,307 units at US$18,728 on Thursday.
Main Market trading was led by JMMB 9.5% preference share with 4.66 million shares followed by Transjamaican Highway with 2.93 million units and Wigton Windfarm with 952,293 stock units.
In the Junior Market, One Great Studio led trading with 1.36 million shares followed by Lasco Distributors with 930,104 units and ONE on ONE Educational with 639,673 stock units.
At the close of the market, the major Main Market stocks that rose are Caribbean Cement popped 95 cents to $54.95, Guardian Holdings rose $2 to close at $369, Jamaica Producers rallied $2.29 in closing at $23.90, Massy Holdings climbed $1.80 to $94.85, Scotia Group popped $5 to $46 and Wisynco Group climbed $1.87 to $22.97.
The major declining Main Market stocks are Barita Investments dropped $1.10 in closing at $70.05, Eppley fell $4.10 to end at $34, Proven Investments dipped 99 cents to end at $22.01, Seprod sank $1.99 to end at $87 and Sygnus Real Estate Finance fell $1 to close at $10.
Stocks ending with major gains in the Junior Market are Dolphin Cove climbing 80 cents to $19 and ISP Finance gained $10.70 to close at $31, with the major losing stocks being Knutsford Express dropping $1.30 in closing at $11.10 and Main Event sinking 88 cents to close at $15.12.
In the preference segment, Jamaica Public Service 7% skidded $7.40 and ended at $41.90, 138 Student Living preference share increased $3.50 to close at $214.50 and Productive Business Solutions 9.75% preference share rallied $15.60 to end at $119.60.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 14.3 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 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 pertaining to the highest bid and the lowest offer for each company.
The JSE Market fell to start February’s trading
The Main Market index and the JSE USD market index of the Jamaica Stock Exchange eked out gains to start February but the Junior Market slipped at the close of trading on Thursday with market activity and ended with the number of shares and the value changing hands falling below the previous trading day’s levels and ended with 25 shares rising and 44 declining.
At the close of trading, the JSE Combined Market Index rose 258.54 points to close at 341,720.39, the All Jamaican Composite Index sank 266.16 points to 365,561.82, the JSE Main Index popped 608.95 points to conclude trading at 329,084.04. The Junior Market Index declined 35.69 points to 3,778.49 and the JSE USD Market Index popped 1.75 points to cease trading at 251.01.
At the close of trading, 24,848,411 shares were exchanged in all three markets, down from 35,568,273 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $94.99 million, down from $134.96 million yesterday and the JSE USD market closed with an exchange of 393,307 shares for US$18,728 up from 15,298 units at US$860 on Wednesday.
Main Market trading was dominated by Wigton Windfarm led trading with 4.53 million shares followed by Transjamaican Highway with 2.04 million units and Sagicor Select Financial Fund with 1.17 million stocks.
In the Junior Market, Stationery and Office Supplies led trading with 2.92 million shares followed by EduFocal with 2.67 million units, MFS Capital Partners ended with 2.55 million stock units and Lasco Manufacturing with 2.20 million shares.
At the close of the market, the major Main Market stocks rising are Eppley Caribbean Property Fund rallied $2.01 to close at $40, Massy Holdings popped $3.05 and ended at $93.05.
The major declining Main Market stocks include Caribbean Cement that fell $3 and ended at $54, Guardian Holdings declining $3 to end at $367, Jamaica Producers shedding $2.39 in closing at $21.61, JMMB Group losing $2.03 to end at $23.97 and Sagicor Group dropping $1 to end at $43.98. Scotia Group skidded $1.59 in closing at $41 and Wisynco Group dipped $1.40 to end at $21.10 with traders dealing in 80,737 shares.
Stocks ending with major gains in the Junior Market are AMG Packaging that popped 30 cents and ended at $2.92, Cargo Handlers advancing $1.92 to $14.92 and Main Event which rose 96 cents to end at $16, with major losing stocks being Dolphin Cove down 80 cents to close at $18.20, Fosrich dipping 37 cents in closing at $2.10, MFS Capital Partners skidding 38 cents to $2.32 and Spur Tree Spices that shed 38 cents to $2.50.
In the preference segment, Eppley 7.75% preference share skidded $3.45 in closing at $19.50, 138 Student Living preference share rose $18.72 and ended at $211 and Productive Business Solutions 10.5 % preference share shed $125 to close at $1,075.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 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 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 pertaining to the highest bid and the lowest offer for each company.
JSE US Market up 8% in January
Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 95 percent drop in the volume of stocks that changed hands, with a 97 percent lower value than on Tuesday, resulting in trading in three securities, compared to five on Tuesday with prices of two rising, no declining and one ending unchanged as the market gained nearly 8 percent in January.
The market closed with 15,298 shares trading for a mere US$860 compared with 286,861 units at US$30,962 on Tuesday.
Trading averaged 5,099 units at US$287 compared to 57,372 shares at US$6,192 on Tuesday, with a month to date average of 42,169 shares at US$5,037 compared to 43,045 stock units at US$5,149 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index gained 2.46 points to finish at 249.26, up 7.9 percent for the month.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Productive Business Solutions popped 2 cents to US$1.79 with 29 stocks being traded and Transjamaican Highway advanced 0.01 of a cent to 2 US cents, with 14,769 units changing hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.03 after trading of 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jamaica Stock Exchange closes higher
The Jamaica Stock Exchange jumped higher to close out the first month of 2024 positively with all three markets rising on Wednesday, as the Main Market and the JSE USD market closed the month higher than they closed at in 2024, the Junior Market ended the month with a minor slippage as trading ended with the number shares exchanged in the overall market climbed, at a reduced value compared with the previous day, after prices of 53 shares rose and only 18 declined.
At the close of the market, the JSE Combined Market Index jumped by 4,021.70 points to 341,461.84 the All Jamaican Composite Index rallied 4,164.96 points to 365,827.98, the JSE Main Index climbed 3,750.40 points to 328,475.09. The Junior Market Index popped 57.59 points to 3,814.18 and the JSE USD Market Index rose 2.46 points to conclude trading at 249.26.
At the close of trading, 35,568,273 shares were exchanged in all three markets, up from 23,163,225 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $134.96 million, down from $247.43 million yesterday and the JSE USD market closed with an exchange of 15,298 shares for US$860 compared to 286,861 units at US$30,962 on Tuesday.
Main Market trading was dominated by Wigton Windfarm led trading with 10.87 million shares followed by JMMB 9.5% preference share with 3.85 million units, Transjamaican Highway ended with 1.74 million units and Carreras with 1.53 million units.
In the Junior Market, Fosrich led trading with 3.20 million shares followed by ONE on ONE Educational with 2.72 million units, Stationery and Office Supplies ended with 1.45 million stock units and Derrimon Trading with 1.08 million stocks.
At the close of the market, some of the major Main Market stocks that rose are Caribbean Cement popping $2.30 in closing at $57, Jamaica Broilers climbing $1 to close at $34 and Jamaica Producers rose 80 cents and ended at $24. JMMB Group rallied $2.29 to end at $26, NCB Financial advanced $1 and closed at $67.50, Pan Jamaica rose $1.51 to close at $51.51, Scotia Group popped $2.59 to $42.59, Seprod increased $4.50 and ended at $89 and Sygnus Real Estate Finance advanced $1.25 to end at $11.50.
There were no major declining Main Market stocks on Wednesday.
Stocks with major gains in the Junior Market are Access Financial, which rallied 67 cents to end at $22.67 while Spur Tree Spices rose 40 cents to end at $2.88, with the major losing stock being Cargo Handlers sinking $1.92 and ended at $13.
In the preference segment, Eppley 7.75% preference share rose $4.95 to $22.95 and 138 Student Living preference share fell $25.72 to close at $192.28.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2022-23 earnings and 14.3 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 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 pertaining to the highest bid and the lowest offer for each company.
Trading surges to $1 billion on the JSE on Monday
The Main Market of the Jamaica Stock Exchange maintained its bullish stance in evidence since last October, with another solid gain in trading on Monday and the JSE USD market continues to post fresh 2024 highs, with more gains but the Junior Market slipped for a second day as trading in the overall market jumped sharply higher than Friday following big trades in shares of GraceKennedy that pushed the volume and value of trading sharply higher over Friday as trading ended after prices of 32 shares rose and 31 declined.
At the close of market activity, the Jamaica Stock Exchange Combined Market Index climbed 2,303.01 points to finish the day at 338,407.78, the All Jamaican Composite Index popped 2,972.11 points to close at 363,230.03, the JSE Main Index gained 2,680.97 points to finish at 325,955.81. The Junior Market Index dropped 24.13 points to 3,735.24 and the JSE USD Market Index climbed 3.24 points to 250.69.
At the close of trading, 34,389,476 shares were exchanged in all three markets, up from 23,219,570 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $1.01 billion, up from $125.91 million on Friday and the JSE USD market closed with an exchange of 519,135 shares for US$98,529 compared with 670,997 units at US$26,968 on Friday.
Main Market trading was dominated by GraceKennedy led trading with 11.67 million shares followed by Wigton Windfarm with 4.65 million units, Transjamaican Highway with 4.23 million stock units, Sagicor Select Financial Fund with 2.17 million units and JMMB 9.5% preference share with 2.0 million units
In the Junior Market, One Great Studio led trading with 1.06 million shares followed by Dolla Financial with 548,477 units and Jetcon Corporation with 301,021 stock units.
At the close of the market, some of the major Main Market stocks that rose are Jamaica Producers popped $1.54 to $23.20, Sagicor Group climbed $2.50 in closing at $45.50, Scotia Group rose 85 cents to $41.35 Supreme Ventures gained $1 to end at $25.50 and Wisynco Group rallied 95 cents and ended at $22.
The major declining Main Market stocks include Proven Investments lost $2.55 to end at $24.45 and Seprod dropped $1.55 in closing at $84.
On a day when there were no notable price gains on the Junior Market, the major losing stocks were Access Financial that fell $3.60 and ended at $20.36, Cargo Handlers skidding $2.87 to close at $12.03, ISP Finance losing $1.99 and ended at $20.30 and Main Event dipping $2 to end at $15.
In the preference segment, Jamaica Public Service 7% increased by $4.50 to close at $49.50, 138 Student Living preference share shed $1.12 to $220, Productive Business Solutions 9.75% preference share climbed $14 and ended at $104.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 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 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 pertaining to the highest bid and the lowest offer for each company.