Trading drops on the Jamaica Stock Exchange

All three markets of the Jamaica Stock Exchange declined in trading on Tuesday with the Junior Market losing almost 54 points and the JSE USD Market Index dropping nearly a thousand points, the JSE USD market closed moderately lower 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 21 shares rising and 45 declining.
At the close of trading, the JSE Combined Market Index declined 1,291.28 points to 322,767.65, the All Jamaican Composite Index sank 1,876.70 points to 351,178.56 and the JSE Main Index lost 947.86 points to end at 310,585.95. The Junior Market Index lost 53.62 points to finish at 3,592.50 and the JSE USD Market Index fell 2.49 points to finish at 228.28.
At the close of trading, 47,160,532 shares were exchanged in all three markets, down from 157,980,160 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $134.91 million, well below the $218.22 million on the previous trading day and the JSE USD market closed with an exchange of 6,189,214 shares for US$129,634 compared to 56,649 units at US$10,020 on Monday.
In Main Market activity, Transjamaican Highway led trading with 2.31 million shares followed by Wigton Windfarm with 1.55 million units and NCB Financial with 328,204 stock units.
In Junior Market trading, Regency Petroleum led trading with 18.17 million shares followed by Derrimon Trading with 7.36 million stocks, RA Williams with 3.49 million units for 9.9 percent market share and Paramount Trading with 1.85 million shares.
In the preference segment, Sygnus Credit Investments C10.5% fell $4.50 to close at $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.5 on 2023-24 earnings and 13.2 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 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