Trading climbed above Friday’s levels on the Jamaica Stock Exchange Main Market on Monday, as the market continues to recover from the depression caused by hurricane Beryl resulting in a 63 percent rise in volume traded accompanied by a 99 percent greater value with trading in 54 securities up from 50 on Friday, with prices of 19 stocks rising, 22 declining and 13 ending unchanged.
The market closed with 4,667,318 shares being traded for $32,767,188 compared with 2,858,995 units at $16,546,674 on Friday.
Trading averaged 86,432 shares at $606,800 compared to 57,180 units at $330,933 on Friday and month to date, an average of 127,495 units at $583,763 compared with 137,808 units at $577,977 on the previous trading day and June that closed with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 2.51 million shares for 53.8 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund with 500,799 units for 10.7 percent of the day’s trade and Wigton Windfarm with 316,910 units for 6.8 percent market share.
The All Jamaican Composite Index dipped 103.99 points to end at 357,293.42, the JSE Main Index fell 670.12 points to end trading at 318,586.42 and the JSE Financial Index slipped 0.09 points to end at 67.06.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Berger Paints sank 78 cents and ended at $8.20 after an exchange of 24,159 shares, Eppley advanced $1.20 to $36.10 with investors swapping 5,594 units, Eppley Caribbean Property Fund popped $2.99 to close at $40 in switching ownership of 1,901 stocks. General Accident increased 40 cents to finish at $6.70, with 23,026 stock units crossing the market, GraceKennedy climbed 50 cents to close at $74 with an exchange of 127,054 shares, Jamaica Broilers rose $1.02 to end at $35.50 with an exchange of 42,317 stocks. 
Jamaica Producers declined $1.04 to $23.95 with traders dealing in 1,299 units, Mayberry Group rallied 51 cents to end at $8.50 as investors traded 1,810 stock units, NCB Financial gained $2.88 in closing at $57.88 after 14,398 shares changed hands. Pan Jamaica popped $2.50 and ended at $49.50 with investors dealing in 983 units, Seprod climbed $3 to close at $86.99 after 6,000 stocks were exchanged, Sterling Investments ended at a 52 weeks’ low of $1.91 while 6,479 shares were traded, Supreme Ventures fell 99 cents to finish at $23.01 after 37,591 stock units crossed the market and Wisynco Group dropped 74 cents and ended at $20.50 in trading 21,980 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Depressed Main Market trading
Trading remained low on the Jamaica Stock Exchange Main Market at the close of the market on Friday, two days the following the closure of trading on Wednesday, with passage of Hurricane Beryl that affected the island. The volume of stocks traded declined 21 percent and the value rose 34 percent more than on Thursday, with trading in 50 securities similar to activity on Thursday, with prices of 18 stocks rising, 17 declining and 15 ending unchanged with Pulse Investments trading at a
52 weeks’ low of $1.41.
The market closed with 2,858,995 shares trading for just $16,546,674 compared with 3,640,057 units at just $12,309,649 on Thursday, the day the market reopened following the passage of the hurricane Beryl on Wednesday.
Trading averaged 57,180 shares at $330,933 compared to 72,801 units at $246,193 on Thursday and month to date, an average of 137,808 units at $577,977 compared with 162,241 stocks at $652,838 on the previous day and June that closed with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 1.56 million shares for 54.6 percent of total volume followed by Wigton Windfarm with 378,147 units for 13.2 percent of the day’s trade and Sagicor Select Financial Fund with 250,108 units for 8.7 percent market share.
The All Jamaican Composite Index sank 2,298.32 points to 357,397.41, the JSE Main Index dropped 1,249.94 points to end at 319,256.54 and the JSE Financial Index lost 0.19 points to 67.15.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecast provided by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden increased $1.50 to close at $37.50 with investors trading 15 shares, Caribbean Cement climbed $2.99 to $64.99 with an exchange of 67,932 stock units, Caribbean Producers rose 40 cents in closing at $10, with 121,070 units crossing the market. Carreras rallied 42 cents to end at $9.70 in switching ownership of 17,684 Astocks, GraceKennedy slipped 50 cents and ended at $73.50 with investors dealing in 6,249 units, Jamaica Stock Exchange sank $1.64 to finish at $10.26 as 50 stocks passed through the market. 
JMMB Group skidded $1.07 and ended at $23.41 as investors exchanged 742 shares, Pan Jamaica fell $2.94 to $47 after 800 stock units changed hands, Sagicor Group lost 50 cents in closing at $40 in an exchange of 15,013 shares. Scotia Group popped 50 cents to close at $45.50 and closed with an exchange of 8,599 units, Stanley Motta advanced 44 cents to end at $5.96 in trading 1,310 stocks, Sygnus Credit Investments gained 97 cents to finish at $12.02 with 902 stock units crossing the market and Sygnus Real Estate Finance dropped $1.15 and ended at $9.50 with investors swapping 720 shares.
In the preference segment, 138 Student Living preference share rose $3 to $200 with just 2 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading picks up on Jamaica Stock Exchange
Trading picked up over the depressed post Hurricane Beryl activity on Thursday with the volume and value of stock changing hands and climbing above the measly volume and value passing through the Jamaica Stock Exchange on Wednesday, resulting in prices of 28 shares rising and 26 declining, with all three market suffering losses at the close.
At the close of trading on Friday, the JSE Combined Market Index dropped 1,331.89 points to 332,512.31, the All Jamaican Composite Index sank by 2,298.32 points to 357,397.41, the JSE Main Index dropped 1,249.94 points to close at 319,256.54. The Junior Market Index shed 19.10 points to finish at 3,795.79 and the JSE USD Market Index lost 0.93 points to wrap-up trading at 234.55.
At the close of trading, 15,522,492 shares were exchanged in all three markets, up from 7,212,044 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $27.85 million, well over the mere $18.27 million on the previous trading day and the JSE USD market closed with an exchange of 52,744 shares for US$1,293 compared to 6,543 units at US$244 on Thursday.
In Main Market activity, Transjamaican Highway led trading with 1.56 million shares followed by Wigton Windfarm with 378,147 stock units and Sagicor Select Financial Fund with just 250,108 units.
In Junior Market trading, EduFocal led trading with 8.57 million shares followed by Lasco Financial with 1.55 million units and iCreate with 630,506 stocks.
In the preference segment, 138 Student Living preference share rose $3 to $200.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.3 on 2023-24 earnings and 13.7 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
Gains for JSE Main Market stocks
Trading on the Jamaica Stock Exchange Main Market ended on Thursday, with the volume of stocks traded declining 77 percent and the value 78 percent less than on Tuesday, with trading in 50 securities compared with 51 on Tuesday, with prices of 17 stocks rising, 18 declining and 15 ending unchanged with Radio Jamaica trading at an intraday low 52 weeks’ low of 80 cents before bouncing back at the close.
The market closed with 3,640,057 shares being traded for $12,309,649 compared with 15,743,476 units at $55,749,401 on Tuesday.
Trading averaged 72,801 shares at $246,193 compared to 308,696 units at $1,093,126 on Tuesday and month to date, an average of 162,241 stock units at $652,838 compared with 201,128 units at $829,641 on the previous trading day and June with an average of 246,425 units at $1,945,941.
Radio Jamaica led trading with 1.10 million shares for 30.1 percent of total volume followed by Transjamaican Highway with 791,444 units for 21.7 percent of the day’s trade and JMMB 9.5% preference share with 563,793 stocks for 15.5 percent market share.
The All Jamaican Composite Index jumped 2,786.02 points to end trading at 359,695.73, the JSE Main Index advanced 1,499.49 points to finish at 320,506.48 and the JSE Financial Index rallied 0.31 points to close at 67.34.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
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, AS Bryden dropped $1.60 to close at $36 in trading 9 shares, Berger Paints climbed 48 cents to $8.98 with 550 stocks changing hands, Carreras fell 42 cents to end at $9.28 with investors swapping 22,808 shares. Eppley shed $1.60 in closing at $34.90 after 187 stock units passed through the market, Eppley Caribbean Property Fund declined $2.99 and ended at $37.01 after a transfer of 375 shares, GraceKennedy increased 50 cents to finish at $74 with 27,213 stock units clearing the market. Jamaica Producers popped $1.05 to $25 with investors trading 2,192 units, Jamaica Stock Exchange rallied 90 cents in closing at $11.90 after 392 stocks crossed the market, Kingston Wharves rose 84 cents to end at $25.70 with a transfer of 363 shares. 
Lasco Manufacturing advanced 45 cents to finish at $6.45 after an exchange of 2,838 stocks, Pan Jamaica gained $2.94 and ended at $49.94 with investors transferring 52 units, Sagicor Group sank 50 cents to close at $40.50 in an exchange of 17,724 stock units. Seprod rose $3.99 to $83.99 with 2,786 shares passing through the market, Supreme Ventures slipped $1.40 and ended at $23.96 with an exchange of 3,084 stocks and Sygnus Credit Investments lost $1.05 to close at $11.05 after 50,100 units changed hands.
In the preference segment, 138 Student Living preference share skidded $1.44 in closing at $197 in switching ownership of just 6 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Hurricane Beryl curtails JSE trading
Trading on the Jamaica Stock Exchange was severely curtailed following the closure on Wednesday of the exchange and the dislocations caused by the passage of hurricane Beryl yesterday resulting in a sharp drop in the volume and value of stocks crossing the exchange on Thursday as the Junior Market JSE USD market closed moderately higher as trading ended with the number of stocks changing hands falling, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 25 shares rising and 31 declining.
At the close of trading on Thursday, the JSE Combined Market Index climbed 1,339 points to 333,844.20, the All Jamaican Composite Index rallied 2,786.02 points to finish at 359,695.73, the JSE Main Index rose 1,499.49 points to 320,506.48. The Junior Market Index fell 13.62 points to end at 3,814.89 and the JSE USD Market Index fell 1.61 points to end at 235.48.
At the close of trading, 7,212,044 shares were exchanged in all three markets, down from 24,829,048 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $18.27 million, well below the $68.28 million on the previous trading day and the JSE USD market closed with an exchange of 6,543 shares for US$244 compared to 21,979 units at US$501 on Tuesday.
In Main Market activity, Radio Jamaica led trading with 1.10 million shares followed by Transjamaican Highway with 791,444 units and JMMB 9.5% preference share with 563,793 stocks.
In Junior Market trading, One Great Studio led trading with 817,294 shares followed by Dolla Financial with 815,186 stocks and JFP Ltd with 650,000 units.
In the preference segment, 138 Student Living preference share skidded $1.44 in closing at $197.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.7 on 2023-24 earnings and 14 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the 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 average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
Trading bounces on the Main market
Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded rising 113 percent and the value 41 percent more than on Monday, with trading in 51 securities compared with 64 on Monday, with prices of 16 stocks rising, 19 declining and 16 ending unchanged including Carreras at closed at a 52 weeks’ high of $9.70 followed by Eppley 7.25 at $20.99 while Pulse closed at a 52 weeks’ low of $1.43 and Radio Jamaica at a low of 95 cents.
The market closed with 15,743,476 shares being traded for $55,749,401 compared with 7,386,196 stock units at $39,659,258 on Monday.
Trading averaged 308,696 shares at $1,093,126 compared with 115,409 units at $619,676 on Monday and month to date, an average of 201,128 stock units at $829,641 compared to June with an average of 246,425 units at $1,945,941.
Wigton Windfarm led trading with 8.66 million shares for 55 percent of total volume followed by Lasco Manufacturing with 2.91 million stocks for 18.5 percent of the day’s trade and Transjamaican Highway with 1.90 million units for 12.1 percent of the day’s trade.
The All Jamaican Composite Index sank 1,373.96 points to close trading at 356,909.71, the JSE Main Index declined 401.33 points to conclude trading at 319,006.99 and the JSE Financial Index dipped 0.06 points to close at 67.03.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts done by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Caribbean Cement dipped $2.02 in closing at $61.98, with 69,242 shares being traded, GraceKennedy fell 71 cents to $73.50 with a transfer of 26,546 units, Guardian Holdings advanced $14.99 to end at $359.99 in trading 4 shares. Jamaica Broilers popped $1.41 to close at $34.43 with 817 stock units crossing the market, Jamaica Stock Exchange skidded 86 cents and ended at $11 with investors dealing in 53,132 shares, JMMB Group sank 45 cents to finish at $24.55 in switching ownership of 15,127 units. Kingston Wharves dropped $1.13 to $24.86 after closing with an exchange of 5,726 stocks, Lasco Manufacturing fell 45 cents to $6 after an exchange of 2,910,256 stock units, 
Margaritaville climbed $2.29 to finish at $15.45 with investors swapping 64 shares. Pan Jamaica increased 49 cents to end at $47, with 91,349 stocks crossing the exchange, Supreme Ventures rallied 76 cents in closing at $25.36, with 11,694 stocks changing hands and Wisynco Group rose 75 cents to close at $21.25 as investors exchanged 43,238 units.
In the preference segment, Eppley 7.25% preference share gained $1.99 to close at a 52 weeks’ high of $20.99 in trading 2 stocks, Eppley 7.75% preference share rose $1.42 to end at $19.99 after an exchange of 10 shares and Sygnus Credit Investments C10.5% rallied $6 in closing at $108 after 53 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Market pressured on Tuesday
The Main Market of the Jamaica Stock Exchange declined in trading on Tuesday as the Junior Market and the JSE USD market closed moderately higher as trading ended with an increase in the number of stocks changing hands, at a lower value than on the previous trading day, resulting in prices of 28 shares rising and 33 declining.
At the close of trading on Tuesday, the JSE Combined Market Index fell 324.62 points to end at 332,505.5, the All Jamaican Composite Index dropped 1,373.96 points to closed trading at 356,909.71, the JSE Main Index declined 401.33 points to finish at 319,006.9. The Junior Market Index rallied 8.39 points to end at 3,828.51 and the JSE USD Market Index popped 0.29 points to 237.09.
At the close of trading, 24,829,048 shares were exchanged in all three markets, up from 16,632,807 units on the previous day, with the value of stocks traded on the Junior and Main markets amounted to $68.28 million, well below $91.77 million on the prior day and the JSE USD market closed with an exchange of 21,979 shares for US$501 compared to 6,425 units at US$5,351 on Monday.
In Main Market activity, Wigton Windfarm led trading with 8.66 million shares for 55 percent of total volume followed by Lasco Manufacturing with 2.91 million units for 18.5 percent of the day’s trade and Transjamaican Highway with 1.90 million units.
In Junior Market trading, EduFocal led trading with 2.88 million shares followed by Omni Industries with 1.89 million stocks and JFP Ltd with 1.51 million units.
In the preference segment, Eppley 7.25% preference share gained $1.99 to $20.99, Eppley 7.75% preference share rose $1.42 to end at $19.99 and Sygnus Credit Investments C10.5% rallied $6 in closing at $108.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.7 on 2023-24 earnings and 13.8 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the 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 average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
Main Market closed higher on reduced trading
Trading fell sharply from that on Friday on the Jamaica Stock Exchange Main Market on Monday, with a 73 percent decline in the volume of stocks traded and 81 percent lower value than on Friday, with trading in 64 securities up from 61 on Friday, with prices of 19 stocks rising, 29 declining and 16 ending unchanged.
The market closed with an exchange of 7,386,196 shares for $39,659,258 down from 27,058,198 units at $213,443,083 on Friday.
Trading averaged 115,409 shares at $619,676 compared to 443,577 units at $3,499,067 on Friday and June with an average of 246,425 units at $1,945,941.
Transjamaican Highway led trading with 2.84 million shares for 38.5 percent of total volume followed by Sagicor Select Financial Fund with 1.34 million stock units for 18.2 percent of the day’s trade and Wigton Windfarm with 1.22 million units for 16.5 percent of the day’s trade.
The All Jamaican Composite Index increased 147.08 points to end at 358,283.67, the JSE Main Index rose 488.45 points to 319,408.32 and the JSE Financial Index popped 0.24 points to settle at 67.09.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14.1 stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of trading, AS Bryden climbed $1.60 to $37.60 with a transfer of 89 stock units, Barita Investments skidded 89 cents to $74 after 2,509 shares were exchanged, Caribbean Cement fell 98 cents and ended at $64, with 10,120 units crossing the market. Caribbean Producers popped 40 cents to end at $10 in trading 140,388 stock units, Jamaica Broilers slipped $2.48 to finish at $33.02, with 62,401 units passing through the market, Jamaica Producers sank $1.05 to close at $23.95 with investors trading 3,805 stocks. Margaritaville dipped 44 cents to $13.16 after an exchange of 900 shares, Mayberry Group rallied 68 cents to $7.99 after investors ended trading 102 stock units, Pan Jamaica rose 51 cents in closing at $46.51, with 1,198 shares crossing the exchange. Seprod lost $7.75 to close at $80.15 in switching ownership of 9,822 stock units, Supreme Ventures dropped $1.40 to finish at $24.60 after a transfer of 19,552 stocks,
Sygnus Credit Investments shed 62 cents to end at $11.88 with 1,639 units changing hands and Wisynco Group declined 65 cents to $20.50 in an exchange of 45,884 shares.
In the preference segment, Eppley 7.25% preference share sank $1 in closing at $19 with 53,900 stock units clearing the market, Eppley 7.75% preference share slipped $1.42 to finish at $18.57 with traders dealing in 140 units, JMMB Group 7% preference share advanced 48 cents and ended at $3.24 in an exchange of 1,212 stocks. 138 Student Living preference share fell $1.56 to close at $198.44 with investors swapping 6 units and Sygnus Credit Investments C10.5% declined $6 to end at $102 with an exchange of 20,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE Markets
Stocks mostly fell at the close of the Jamaica Stock Exchange to start the second half of 2024 on Monday with the Junior Market slipping and the Main and JSE USD markets closed marginally higher as trading ended with the number and value of stocks changing hands falling, from the previous trading day, resulting in prices of 26 shares rising and 44 declining.
At the close of trading, the JSE Combined Market Index popped 303.60 points to close at 332,830.15, the All Jamaican Composite Index gained 147.08 points to end trading at 358,283.67, the JSE Main Index rose 488.45 points to lock up trading at 319,408.32. The Junior Market Index shed 23.11 points to end at 3,820.12 and the JSE USD Market Index popped 0.13 points to end the day at 236.80.
At the close of trading, 16,632,807 shares were exchanged in all three markets, down from 78,640,697 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $91.77 million, well below the $326.65 million on the previous trading day and the JSE USD market closed with an exchange of 6,425 shares for US$5,351 compared to 1,447,374 units at US$79,036 on Friday.
In Main Market activity, Transjamaican Highway led trading with 2.84 million shares followed by Sagicor Select Financial Fund with 1.34 million units and Wigton Windfarm with 1.22 million stock units.
In Junior Market trading, EduFocal led trading with 3.82 million shares followed by Spur Tree Spices with 1.29 million units and ONE on ONE Educational with 571,549 stocks.
In the preference segment, Eppley 7.25% preference share sank $1 in closing at $19, Eppley 7.75% preference share slipped $1.42 to finish at $18.57, 138 Student Living preference share fell $1.56 to close at $198.44 and Sygnus Credit Investments C10.5% declined $6 to end at $102.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.6 on 2023-24 earnings and 13.8 times those for 2024-25 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 within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required 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.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 for investors 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 of the highest bid and the lowest offer for each company.
ICTOP10 has a brand new listing
Having fallen badly in the previous week, the Junior Market rallied a solid 5.2 percent the past week to end up above 3,800 points on Thursday and Friday and the Main Market rose 1.2 percent to close out the week, with the Junior Market ICTOP 10 blazing a trail with some lofty gains and the Main Market posting just two stocks with notable gains and a few losses of size, with one new stock entering the TOP10.
Other than the b moves in the TOP10, the market got some good news this past week. For one Jamaica Broilers reported positive full year results that were helped by a $2.3 billion one off gain, excluding those gains normal profits would have been in the order of $4.80 when taxes relating to the capital gains are excluded. The other positive news is that the Bank of Jamaica will officially start to ease the tight monetary policy pursued over the past three years. In reality, they commenced easing in early May, with CD rates falling from 11.59 percent in early April to mostly under 10 percent during June.
The other news of worth is that GDP growth for the March quarter was 1.4 percent, but that reflects a slowdown from last year and an even slower December quarter that was 1.7 percent. The latest GPD data and other available information suggest the evidence of a slow down. These include reduced first quarter results of several companies and a decline in tourist arrivals in the second quarter, suggesting that the second quarter is likely to grow at an even slower pace than the first. The positive take from any economic slowdown is that the tight monetary policy that the country is in will be eased further.
JSE Main Market had three winners and four losers. The Junior Market ended with six winners and three losers.
The Junior Market ICTOP10 saw Dolla Financial surging 30 percent to $3 followed by Consolidated Bakeries’ big recovery from last week’s big 28 percent fall and ended with a gain of 28 percent to $1.98, Access Financial gained 15 percent to end at $21.93, Caribbean Cream popped 7 percent to $3.80 and Stationery and Office Supplies rose 7 percent to close at $1.70. Declining stocks include Caribbean Assurance Brokers down 13 percent to close at $3.31 and tTech falling 9 percent to $2.10.
JMMB Group was the star performer in the Main Market TOP10, climbing 13 percent to $25.10 and Berger Paints was up 6 percent in closing at $8.52. Declining stocks are 138 Student Living and Pulse Investments dipping 6 percent to $3.86 and $1.50 respectively and Guardian Holdings dropped 4 percent to close at $345.
Dolla Financial with a 30 percent surge, dropped out of the ICTOP10 for the week and is replaced by One Great Studio.
One Great Studio was listed in September 2023 at $1 per share, the price has since slipped to a low of 80 cents per share following first quarter profit that fell 55 percent to $10 million from $23 million in 2023, following a fall in revenues from $115 million to $91 million.
The principal activities of the Group are to provide search engine optimisation, web design and development and software development services, with clients based in Jamaica, the wider Caribbean and other countries. The company is looking to add other services by way of a possible acquisition in the future to benefit from synergies.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.7, just over half of the market, with an average of 13.3.
The Main Market ICTOP10 is projected to gain an average of 303 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 215 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 102, with an average of 30 and 19 excluding the highest PE ratios, and a PE of 24 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 14 stocks, or 30 percent of the market, with PEs ranging from 15 to 53, averaging 21, well above the market’s average. The average PE for the top half of the market is 18, possibly the lowest fair value measure for stocks currently.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.