Trading jumps on Jamaica Stock Exchange

Investors gobbled up more shares during trading on the Jamaica Stock Exchange on Monday, at a modestly higher value than on Friday, with Derrimon Trading accounting for more than 31 million shares valued at just over $60 million. At the close the Main Market rocketed higher, the Junior Market ended with a solid increase in the index and the JSE USD market closed modestly higher, with the number and value of stocks traded, rising over the previous trading day and resulting in prices of 35 shares rising and 38 declining.
At the close of trading on Monday, the JSE Combined Market Index jumped 4,788.42 points to 330,566.56, the All Jamaican Composite Index rocketed 6,573.73 points higher to 355,796.22, the JSE Main Index surged 4,806.02 points to end trading at 318,082.47. The Junior Market Index rose 26.53 points to end at 3,679.93 and the JSE USD Market Index rose 0.31 points to close trading at 218.68.
At the close of trading, 58,069,711 shares were exchanged in all three markets, up from 25,127,820 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $253.35 million, above the $220,67 million on the previous trading day and the JSE USD market closed with an exchange of 3,378 shares for US$273 compared to 181,904 units at US$17,375 on Friday.
In Main Market activity, Sagicor Select Financial Fund led trading with 3.75 million shares followed by Wigton Windfarm with 1.94 million stock units, NCB Financial ended with 1.52 million units, Carreras closed with 1.24 million shares and Transjamaican Highway with 1.23 million units.
In Junior Market trading, Derrimon Trading led trading with 31.20 million shares followed by One Great Studio with 2.60 million stocks, EduFocal ended with 1.47 million units, Mailpac Group was next with 1.19 million stock units, Omni Industries chipped in with 1.02 million shares and Jamaican Teas with 1.0 million units.
In the preference segment, Eppley 7.75% preference share sank $1.42 to end at $18.57.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2023-24 earnings and 13.7 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.