Trading ended Wednesday on the Jamaica Stock Exchange ended with a mild rise in the volume of stocks exchanged with a lower value than on Tuesday, resulting in decline in the major indices of the Main Market, the Junior Market and the US Denominated Equities Index and ending with the prices of 39 shares rising, 50 declining and 27 remaining firm.
At the close of the market, the JSE Combined Market Index slipped 839.30 points to 333,069.78, the All Jamaican Composite Index sank 1,400.46 points to 368,924.38, the JSE Main Index fell 520.23 points to close at 320,807.43, the Junior Market Index slipped 47.61 points to finish at 3,666.14 and the JSE USD Market Index shed 0.22 points to 265.50.
At the close of trading, 28,666,006 shares were exchanged in all three markets, just up from 28,049,258 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $101.9 million, down from $116.99 million on the previous day and the JSE USD market closed with an exchange of 998,749 shares for US$31,588 well below 1,644,221 units at US$53,768 on Tuesday.
In Main Market activity, Wigton Energy led trading with 6.28 million stocks followed by Transjamaican Highway with 3.70 million shares and Lasco Manufacturing with 655,784 units.
In Junior Market, Dolla Financial led trading with 7.78 million stocks followed by Omni Industries with 1.13 million shares and EduFocal with 1.04 million units.
In the preference segment, Jamaica Public Service 7% gained $1.22 and ended at $44.90, Jamaica Public Service 9.5% declined $55 to $2,700 and 138 Student Living preference share popped $26.55 to end at $260.05.The market’s PE ratio, the most popular measure used to value stocks, ended at 13.8 on 2024-25 projected earnings and 20.2 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 2023-4 and 2024-25 actual or projected earnings, excluding any 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.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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.
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.