Transjamaican & Sagicor dominate JSE trading

Trading surged sharply on the Jamaica Stock Exchange in trading on Friday with heavy trading in TransJamaican, Sagicor Group, Grace Kennedy, Kingston Wharves and Caribbean Cement as the Main and Junior markets moved in opposite directions, with the Junior Market rising more than 44 points as the Main market declined over 1,000 points and the JSE USD market closed nearly static as trading ended with prices of 38 shares rising and 31 declining.
At the close of trading, the JSE Combined Market Index declined 905.08 points to close at 318,778.49, the All Jamaican Composite Index dropped 2,026.91 points to end the day at 348,363.41 and the JSE Main Index dipped 1,280.15 points to end at 305,716.91. The Junior Market Index climbed 44.41 points to finish trading at 3,685.30 and the JSE USD Market Index rose by just 0.05 points to finish at 228.43.
At the close of trading, 141,279,099 shares were exchanged in all three markets, sharply higher than the 38,984,967 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $861.57 million, well over the $190.46 million on the previous day and the JSE USD market closed with an exchange of 52,878 shares for US$20,354 compared to 711,266 units at US$24,048 on Thursday.
In Main Market activity, Transjamaican Highway led trading with 108.33 million shares followed by Sagicor Group with 6.16 million stock units, Wigton Windfarm ended with 4.26 million units, Kingston Wharves with 2.22 million shares, Sagicor Select Financial Fund ended with 1.72 million stock units and GraceKennedy with 1.30 million shares.
In Junior Market trading, Future Energy led trading with 10.21 million shares followed by RA Williams with 613,701 units and Express Catering with 280,624 stocks.
In the preference segment, Jamaica Public Service 7% slipped $5 and ended at $42, 138 Student Living preference share fell $46.60 to $144 and Sygnus Credit Investments C10.5% dipped $2.61 in closing at $101.39.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.8 on 2023-24 earnings and 13.4 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.