tTech jumps 26% as Junior & Main Market falter

Shareholders in the Junior Market listed tTech grabbed a massive 26 percent gain as the stock closed at a 52 weeks’ high of $3.16 and seemed poised to gain more, with only three offers posted to sell the stock between $3.56 and $6 just ahead of the close of the market on Monday, but closed with just two offers at $4.05 and above. tTech gains did little to ease the pain of the Junior Market as a drop in the average price of the heavily weighted Derrimon Trading and a near $2 drop in Access Financial helped to pull the market down.
The Main Market of the Jamaica Stock Exchange declined in trading on Monday as the JSE USD popped moderately to close out the day as 31 stocks recorded gains and 40 losses.
At the close of trading, the JSE Combined Market Index dropped 2,504.04 points to 329,142.94, the All Jamaican Composite Index slipped 610.00 points to 357,080.12, the JSE Main Index dropped 2,446.38 points to 316,451.37. The Junior Market Index fell 22.89 points to 3,699.26 and the JSE USD Market Index popped 1.43 points to close at 226.37.
On a day of disappointed trading activities, a total of 8,691,048 shares were exchanged in all three markets, up from 33,157,102 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $40.09 million, well below the $63.58 million on the previous trading day and the JSE USD market closed with an exchange of 243,637 shares for US$6,654 compared to 269,334 units at US$34,981 on Friday.
In Main Market activity, on a day of low trading, Transjamaican Highway was the lead trade with 778,196 shares followed by Wigton Windfarm with 659,034 stocks and Jamaica Stock Exchange with 443,096 units.
In Junior Market trading, Derrimon Trading led trading with 1.28 million shares followed by Omni Industries with 1.17 million units and Spur Tree Spices with 479,681 stocks.
In the preference segment, 138 Student Living preference share dropped $30 in closing at $170 and Sygnus Credit Investments C10.5% sank $6 to end at $102.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.3 on 2023-24 earnings and 13.9 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 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.