All three markets of the Jamaica Stock Exchange closed higher at the end of trading on Friday following the closure of the Jamaica Stock Exchange on Christmas and Boxing Day, with the overall market closing with a sharp jump in the volume of stocks changing hands with a value just lower than Tuesday, At the close of trading the prices of 55 shares rose, 25 declined and 37 remained firm.
At the close of the market, the JSE Combined Market Index rallied 1,660.07 points to 343,713.64, the All Jamaican Composite Index jumped 4,047.53 points to settle at 382,134.59, the JSE Main Index increased 1,586.90 points to close at 331,480.08, the Junior Market Index gained 19.88 points to finish at 3,727.19 and the JSE USD Market Index popped 6.77 points to 233.32.
At the close of trading, 59,254,946 shares were exchanged in all three markets, up from 21,874,029 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $196.44 million, slightly lower than the $205.29 million on the previous trading day and the JSE USD market closed with an exchange of 32,270 shares for US$3,513 compared to 598,456 units at US$39,389 on Tuesday.
In Main Market activity, Wigton Energy led trading with 18.14 million stocks followed by Transjamaican Highway with 8.45 million shares and Sagicor Select Financial Fund with 6.13 million units.
In Junior Market trading, Fosrich led with 3.62 million stocks followed by Lumber Depot with 3.45 million shares and Jamaican Teas with 2.12 million units.
In the preference segment, Jamaica Public Service 7% slipped $3.95 to close at $40, Jamaica Public Service 9.5% fell $429 to $2,431.The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21.2 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 major one time income or expense.
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 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 to assess 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.