All markets gained at the close on Friday on the Jamaica Stock Exchange, with a rise in the volume of stocks traded but with a lower value than Thursday, resulting in prices of 35 shares rising, 46 declining and 29 remaining firm.
At the close of the market, the JSE Combined Market Index rallied 1,261.07 points to conclude trading at 326,220.68, the All Jamaican Composite Index popped 322.06 points to end at 361,016.17, the JSE Main Index rallied 1,227.82 points to close at 313,489.48, the Junior Market Index gained 12.13 points to settle at 3,686.75 and the JSE USD Market Index rose 1.27 points to 223.05.
At the close of trading, 46,105,865 shares were exchanged in all three markets, up from 27,680,217 units on Thursday, with the value of stocks traded on the Junior and Main markets dropping to $151.16 million, quite a bit lower than the $227.52 million on the previous day. The JSE USD market closed with an exchange of 494,374 shares for US$24,068 up from 283,206 units at US$16,423 on Thursday.
In Main Market activity, Wigton Energy led trading with 6.86 million stocks followed by Transjamaican Highway with 2.85 million shares and Kingston Wharves with 801,675 units.
In Junior Market trading, tTech led trading with 21.24 million stocks followed by Dolla Financial with 2.67 million shares and MFS Capital Partners with 1.18 million units.In the preference segment, Jamaica Public Service 9.5% sank $4.98 to $2,890, 138 Student Living preference share slipped $12.85 to close at $278.14, Productive Business Solutions 10.5% preference share sank $85 to end at $1,015.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12.7 on 2024-25 earnings 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 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.