Volume up value down on JSE Market

The Main Market and the JSE USD Market of the Jamaica Stock Exchange suffered a mild decline at the close of trading on Wednesday and the Junior Market closed moderately higher as trading ended with the number of stocks changing hands climbing with the value of stocks traded dropping from the previous trading day, resulting in prices of 40 shares rising and 35 declining.
At the close of the market, the JSE Combined Market Index slipped 608.63 points to end at 320,859.94, the All Jamaican Composite Index climbed 776.64 points to end at 349,959.17 and the JSE Main Index declined 693.16 points to 307,547.03. The Junior Market Index allied 7.53 points to end the day at 3,731.46 and the JSE USD Market Index slipped 0.41 points to close at 231.58.
At the close of trading, 35,184,553 shares were exchanged in all three markets, up from 19,413,847 units on …day, with the value of stocks traded on the Junior and Main markets amounting to $161.87 million, well below the $$404.59 million on the previous trading day and the JSE USD market closed with an exchange of 238,507 shares for US$26,771 compared to 61,115 units at US$1,543 on Tuesday.
In Main Market activity, Transjamaican Highway led trading with 21.07 million shares followed by Wigton Windfarm with 2.25 million units and Carreras with 952,018 stocks.
In Junior Market trading, Regency Petroleum led trading with 2.30 million shares followed by Derrimon Trading with 801,000 stocks and Honey Bun with 464,440 units.
In the preference segment, no stock traded with a notable price change.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.8 on 2023-24 earnings and 13.3 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.