Trading surges on all JSE markets, with falling prices

Trading picked up sharply in all three markets of the Jamaica Stock Exchange on Tuesday resulting in losses in the Main and Junior Markets with the JSE USD market closing marginally higher as trading ended with the number and value of stocks changing hands jumping sharply over the previous trading day, resulting in prices of 33 shares rising and 39 declining.
At the close of trading, the JSE Combined Market Index declined by 1,431.14 points to 320,858.99, the All Jamaican Composite Index lost 1,646.71 points to end at 349,783.60, the JSE Main Index dropped by 1,411.14 points to 308,687.82. The Junior Market Index dropped 11.33 points to end the day at 3,579.01 and the JSE USD Market Index popped 0.32 points to finish at 221.76.
At the close of trading, 39,619,341 shares were exchanged in all three markets, up from 16,377,219 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $145.78 million, well over the $64.15 million on the previous trading day and the JSE USD market closed with an exchange of 16,703,911 shares for US$317,585 compared to 126,060 units at US$3,535 on Monday, with Transjamaican Highway ended with trading of 16.7 million USD shares.
In Main Market activity, Transjamaican Highway led trading with 3.03 million shares followed by Wisynco Group with 1.40 million stock units, Wigton Windfarm with 1.11 million units and Sagicor Select Financial Fund with 1.05 million shares.
In Junior Market trading, Express Catering led trading with 5.01 million shares followed by EduFocal with 2.86 million stocks and Dolla Financial with 2.04 million units.
In the preference segment,
The market’s PE ratio, the most popular measure used to value stocks, ended at 18.9 on 2023-24 earnings and 13.1 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.