Wisynco dominates Friday’s trades

Friday’s trading dwarfed Thursday’s activity on the Jamaica Stock Exchange, following 188 million shares of Wisynco Group changing hands for $3.95 billion but that did not prevent the markets from profit taking on Friday, as the Main Market suffered four-digit declines, Junior Market slipped mildly and JSE USD market closed moderately higher, resulting in prices of 30 shares rising and 31 declining.
At the close of trading, the JSE Combined Market Index declined by 2,703.43 points to 318,112.38, the All Jamaican Composite Index dropped 1,523.62 points to 347,602.41 and the JSE Main Index sank 2,784.38 points to conclude trading at 305,441.17. The Junior Market Index lost 5.71 points to cease trading at 3,629.29 and the JSE USD Market Index inched 0.77 points higher to wrap up trading at 233.55.
At the close of trading, 219,733,668 shares were exchanged in all three markets, up from 21,623,552 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $4.75 billion, well above the $70.11 million on the previous trading day and the JSE USD market closed with an exchange of 126,158 shares for US$2,541 compared to 363,724 units at US$8,719 on Thursday.
In Main Market activity, Wisynco Group led trading with 188.20 million shares followed by Eppley Caribbean Property Fund with 16.32 million stocks, Wigton Windfarm with 1.85 million units and Radio Jamaica with 1.31 million shares.
In Junior Market trading, Indies Pharma led trading with 3.54 million shares followed by Future Energy with 809,371 units and RA Williams with 643,741 stocks.
In the preference segment, Sygnus Credit Investments C10.5% popped $3.11 in closing at $104.50.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.7 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.