Trading jumped on Wednesday on the Jamaica Stock Exchange with the volume and the value of stocks exchanged climbing above the outcome on Tuesday, resulting in Main Market major indices and the JSE USD Market index declining, the Junior Market index broke the trend in closing higher. At the close of market activities, the prices of 38 shares rose, 51 declined and 23 remained firm.At the close of trading the JSE Combined Market Index dropped 1,451.15 points to 326,152.28, the All Jamaican Composite Index sank 1,773.41 points to 360,523.29, the JSE Main Index dived 1,652.50 points to settle at 312,776.69, the Junior Market Index popped 17.95 points to settle at 3,772.13, and the JSE USD Market Index shed 2.42 points to close at 225.07.
At the close of trading, 46,637,796 shares were exchanged in all three markets, up from 36,186,598 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $608.42 million, just above the $571.65 million on the previous trading day and the JSE USD market closed with an exchange of 227,093 shares for US$10,758 up from 148,501 units at US$5,489 on Tuesday.
In Main Market activity, Sagicor Select Financial Fund led trading with 11.31 million stocks followed by Wigton Windfarm with 3.41 million shares and Kingston Wharves with 2.59 million units.
In Junior Market trading, Jamaican Teas led trading with 5.51 million stocks followed by ONE on ONE Educational with 2.46 million shares and Fosrich with 2.07 million units.
In the preference segment, Jamaica Public Service 7% shed $4.89 to finish at $40.11 and 138 Student Living preference share increased $12.26 to $212.The market’s PE ratio, the most popular measure used in valuing stocks, ended at 13.1 for 2024-25 and 21.1 for 2023-24 earnings. The ICInsider.com PE ratio chart and the 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 on an industry basis, 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 any major time income or expenses.
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 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 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 market closed with an exchange of 227,093 shares for US$10,758 compared with 148,501 stocks at US$5,489 on Tuesday. Trading averaged 32,442 shares at US$1,537 compared to 24,750 stocks at US$915 on Tuesday, with a month to date average of 441,916 units at US$11,594 less than 465,032 stocks at US$12,161 on the prior day and September with an average of 161,382 stock units at US$5,462. The US Denominated Equities Index sank 2.42 points to settle at 225.07. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.