Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 14 percent, with the value surging 209 percent than on Wednesday.
A total of 19 securities traded, up from 15 on Wednesday, with eight rising, three declining and eight remaining unchanged. The Composite Index rallied 3.28 points to 1,390.90, the All T&T Index popped 3.40 points to 2,059.30 and the Cross-Listed Index gained 0.44 points to settle at 94.59.
A total of 164,026 shares were traded for $2,517,874 versus 190,536 units at $813,920 on Wednesday. An average of 8,633 units traded at $132,520 compared to 12,702 shares trading at $54,261 on Wednesday, with the month to date averaging 29,249 units at $290,389 versus 30,443 units at $302,015 on the previous trading day. The average trade for June amounts to 63,148 units at $485,588. June amounts to 55,705 units at $392,249.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s remained at $45.85 after an exchange of 2,187 shares, Angostura Holdings climbed $1.99 to $26.99 in trading 15 stock units, Ansa McAl rallied 1 cent in closing at $59 with 735 units changing hands. Ansa Merchant Bank lost 38 cents to end at $42.12 while exchanging 189 stocks, Calypso Macro Investment Fund finished at $20.21, with 487 units crossing the market, Clico Investment Fund increased 10 cents to end at $28.90 in exchanging 16,473 shares. First Citizens Group advanced 15 cents to $49.99, with 229 stock units crossing the exchange, 
FirstCaribbean International Bank gained 1 cent in closing at $5.02 in trading 41,682 stocks, JMMB Group popped 4 cents to $2.34, with 4,669 stocks changing hands. L.J. Williams B share ended at $2.15 trading two shares, Massy Holdings rose 6 cents to $5.10 after exchanging 16,073 shares, National Enterprises ended at $3.20 after swapping 5,925 stock units. Prestige Holdings finished at $6.80, as one stock unit cleared the market, Republic Financial Holdings ended at $142 with 1,316 shares trading, Scotiabank remained at $77 with an exchange of 1,365 units. Trinidad & Tobago NGL fell 21 cents to $21.29 in switching ownership of 588 stocks, Trinidad Cement ended unchanged at $3.81 after exchanging 1,500 stocks, Unilever Caribbean climbed 40 cents to end at $13.90, with 40,490 stock units changing hands and West Indian Tobacco shed 90 cents to close at $22.50 after trading 30,100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Archives for July 2022
The value of stocks jumps on TTSE
Main Market trading climbs on the JSE
Trading picked up on the Jamaica Stock Exchange Main Market on Wednesday, with 60 securities trading compared to 57 on Tuesday, with the volume of stocks traded rising 43 percent with a 16 percent more value than on the preceding day but ended with more stocks declining as increasing.
Overall, 11,320,379 shares were traded for $157,629,727 compared to 7,889,885 units at $136,235,111 on Tuesday. Trading averages 188,673 units at $2,627,162, versus 138,419 shares at $2,390,090 on Tuesday and month to date, an average of 164,961 units at $1,643,100, compared to 163,533 units at $1,583,820 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Wigton Windfarm led trading with 2.50 million shares for 22.1 percent of total volume, followed by Sagicor Select Financial Fund with 2.34 million units for 20.7 percent of the day’s trade, Jamaica Broilers had an exchange of 1.70 million units for 15 percent market share, Transjamaican Highway ended with 1.16 million units for 10.2 percent of the market trades and JMMB Group 7.35% – 2028 with 1.01 million units for 8.9 percent of trading.
The All Jamaican Composite Index fell 816.34 points to 430,308.55, the JSE Main Index lost 599.23 in closing at 376,569.23 and the JSE Financial Index slipped 0.16 points to 89.81. Trading ended, with 21 rising, 25 declining and 14 ending unchanged.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years, ending to the close of August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Eppley Caribbean Property Fund jumped $2.53 to $43.23 exchanging 107 shares, Guardian Holdings dropped $11.99 to $506, with 1,038 stocks changing hands, Jamaica Producers popped 49 cents to end at $22.49 in exchanging 7,946 stock units. Jamaica Stock Exchange lost 55 cents to close at $17.40 after 29,411 units crossed the exchange, Kingston Properties rose 48 cents in closing at $7.47 in exchanging 42,948 units, Kingston Wharves declined 35 cents to end at $37.65 in an exchange of 4,713 stock units. Massy Holdings shed 99 cents to close at $90.01 in trading 480,682 stocks, Mayberry Investments fell 79 cents to $9.80, with 49,368 shares crossing the market, Mayberry Jamaican Equities dropped 50 cents to $15 with an exchange of 35,964 shares. MPC Caribbean Clean Energy advanced $4 to $85 with the swapping of 750 units, NCB Financial rallied $2.43 to $97.50 after exchanging 72,234 stocks, 138 Student Living climbed 61 cents to $5 by trading 2,002 stock units. PanJam Investment gained $1.50 in closing at $65 in switching ownership of 369 units, Portland JSX climbed $1.30 to close at $9.80 after an exchange of 3,000 shares,Proven Investments declined 49 cents to end at $33.50, with 3,506 stock units crossing the market. 
Seprod lost $2.93 to end at $68.07 after 834 stocks changed hands, Supreme Ventures shed 60 cents to close at $30 with 103,257 stocks clearing the market, Sygnus Credit Investments increased 43 cents ending at $13.95 after trading 30,742 units and Sygnus Real Estate Finance fell $1.85 in closing at $11 while exchanging 5,281 stock units.
In the preference segment, JMMB Group 7.15% – due 2028, rose 40 cents to end at $3.40 after an exchange of 101,000 shares, 138 Student Living preference share continued its incredible but irrational rise by gaining $5.10 to close at a record $39.10 in trading 323 stock units and Productive Business Solutions 9.75% preference share advanced $24.49 in closing at $104.50 trading one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady trading for JSEUSD Market
Trading close of the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded declining 8 percent with a 10 percent value lower than for trading on Tuesday, resulting in an exchange of eight securities the same as on Tuesday with three rising, two declining and three ending unchanged.
A total of 474,951 shares traded for US$37,897 versus 516,424 units at US$42,336 on Tuesday.
Trading averaged 59,369 units at US$4,737, down from 64,553 shares at US$5,292 on Tuesday, with a month-to-date average of 40,729 units at US$3,421 versus 39,443 units at US$3,330 on the previous day. June ended with an average of 71,901 shares for US$8,793.
The JSE US Denominated Equities Index gained 1.93 points to end at 208.11.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.9. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share rose 0.05 of a cent to close at 7 US cents, with 344,935 shares clearing the market, Margaritaville rallied 2.98 cents to 14.98 US cents while a mere one stock crossed the exchange, MPC Caribbean Clean Energy fell 10 cents to US$1.30 with one stock unit trading. Productive Business Solutions ended unchanged at US$1.14 with just one stock unit crossing the market, Proven Investments advanced 0.41 of a cent to end at 23 US cents after an exchange of 55,481 stocks, Sygnus Credit Investments USD share declined 0.88 of one cent after ending at 11.11 US cents with the swapping of 4,603 units and Transjamaican Highway remained at 0.93 US cents with an exchange of 69,928 shares.
In the preference segment, JMMB Group 6% finished at US$1.10 in trading one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich dominates Junior Market
Fosrich remained the outstanding trade on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the 4 million shares traded up to a record high of $5.42 post-split and leading to the volume of stocks traded in the market remaining steady but with the value climbing 28 percent over Tuesday, resulting in 45 securities trading versus 44 on Tuesday and ended with 18 rising, 17 declining and 10 closing unchanged.
A total of 10,822,250 shares traded for $44,295,276 compared to 10,929,588 units at $34,533,161 on Tuesday. Trading averaged 240,494 shares at $984,339 in contrast to 248,400 shares at $784,845 on Tuesday with month to date, averaging 530,105 units at $2,725,686 compared to 547,119 units at $2,827,985 on Tuesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
The Junior Market Index rose 46.92 points to 4,388.89. The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The Junior Market PE ratios incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Fresh from the ten for one stock split, Fosrich led trading with 4.03 million shares for 37.3 percent of total volume followed by Dolla Financial with 1.41 million units for 13 percent of the day’s trade and JFP Limited with 616,639 units for 5.7 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed $2.50 in closing at $20.50 after exchanging 2,541 shares, CAC 2000 fell 50 cents to $8.50 while exchanging seven units, Cargo Handlers increased $1.90 to end at $13.30, with 236 stock units crossing the exchange. Caribbean Cream dropped 38 cents to close at $4.02, with 32,845 stocks crossing the market, Consolidated Bakeries climbed 15 cents in ending at $1.40 after a transfer of 131,481 units, Dolphin Cove advanced 57 cents to close at $16.50 trading 54,483 stocks. Fosrich rallied 62 cents to a record close of $5 with the swapping of 4,033,170 shares, General Accident declined 52 cents to $5.07, with 51,657 stock units clearing the market, Honey Bun gained 10 cents to end at $8.50 in trading 43,934 stocks. iCreate fell 11 cents in closing at $4.70 with an exchange of 231,896 stock units, Iron Rock Insurance rose 27 cents to $3.27 in an exchange of 31 units, Jamaican Teas popped 13 cents to $2.80 in switching ownership of 503,490 shares. Jetcon Corporation gained 11 cents in closing at $1.29, with 1,107 stock units changing hands, Main Event declined 72 cents to $7.28 with an exchange of 7,669 shares, Medical Disposables climbed 60 cents to $7.30 after 502 units crossed the market. 
Spur Tree Spices shed 15 cents in ending at $4.02 and closed after the transfer of 504,751 stocks, SSL Venture advanced 30 cents to close at $4.30 while exchanging 31,454 stock units, Stationery and Office Supplies popped 15 cents to $17.10 in switching ownership of 22,294 shares and tTech lost 73 cents in closing at $3.01, with 45,960 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich pushes trading higher on Wednesday
The Junior Market listed Fosrich stock traded at a new high of $5.42 on Wednesday following the 10 to one split but it closed at $5 after investors swapped 4 million units of the shares as the price hike helped push the Junior Market up 46.92 points to close at 4,388.89 and helping to cushion the fall of main market stocks with the JSE Combined Index a measure of the overall market, slipping 138.28 points to 391,562.81.
FosRich now trading post stock split
A total of 22,617,580 shares changed hands in the overall market, with a value of $201.9 million, while the value of stocks traded in the JSE USD market ended at US$37,897.
The All Jamaican Composite Index dipped 816.34 points to 430,308.55, the JSE Main Index fell 599.23 points to 376,569.23 and the JSE USD market Index rose 1.93 points to 208.11.
The market’s PE ratio ended at 24 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
Trading falls indices rise on TTSE
Market activity ended Wednesday on the Trinidad and Tobago Stock Exchange, with the volume of stocks traded declining 70 percent, with a 93 percent lower value than Tuesday, resulting in 190,536 shares traded for $813,920 versus 632,724 units at $11,366,573 on Tuesday, but the market value rose at the close.
An average of 12,702 shares were traded at $54,261 down from 37,219 units at $668,622 on Tuesday, with trading month to date averaging 30,443 units at $302,015 versus 31,293 units at $313,889 on the previous trading day. The average trade for June amounts to 55,705 units at $392,249.
A total of 15 securities traded compared to 17 on Tuesday, with three rising, two declining and ten closing unchanged. The Composite Index gained 3.19 points to end at 1,387.62, the All T&T Index rose 7.76 points to end at 2,055.90 and the Cross-Listed Index declined 0.24 points to 94.15.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three stocks with lower offers.
At the close, Agostini’s remained at $45.85 in switching ownership of 1,270 shares, Ansa McAl climbed $1.99 in closing at $58.99 after trading 30 stocks, Ansa Merchant Bank finished at $42.50 in an exchange of 100 units. First Citizens Group declined 16 cents to close at $49.84, with 1,452 stock units crossing the exchange, GraceKennedy ended unchanged at $5.50, with 20 shares passing through the market, 
Guardian Holdings increased 4 cents to $27.30, with 100 units changing hands. JMMB Group ended unchanged at $2.30 in exchanging 142,550 stock units, Massy Holdings fell 5 cents to end at $5.04, with 17,221 stocks crossing the market, National Enterprises finished at $3.20, with 13,739 stocks clearing the exchange. National Flour Mills remained at $1.65 in trading 7,555 shares, Scotiabank ended unchanged at $77 with the swapping of 1,346 units, Trinidad & Tobago NGL finished at $21.50 after exchanging 980 stock units. Trinidad Cement gained 30 cents to closest $3.81 after trading 257 units, Unilever Caribbean remained at $13.50 with an exchange of 1,416 stock units and investors exchanged 2,500 shares of West Indian Tobacco at $23.40.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The JSE Main Market bounce
Trading jumped Tuesday on the Jamaica Stock Exchange Main Market, with a 53 percent increased volume of stocks traded over Monday, as investors exchanged 7,889,885 shares, with 274 percent greater value of $136,235,111 versus 5,149,053 units at $36,443,360 on Monday and pushing the market value higher at the close.
Trading ended with 57 securities against 58 on Monday, with 22 rising, 23 declining and 12 ending unchanged.
The All Jamaican Composite Index rose 3,348.28 points to 431,124.89, the JSE Main Index climbed 2,441.47 points to 377,168.46 and the JSE Financial Index popped 0.72 points to 89.97.
Trading averaged 138,419 units at $2,390,090, compared to 88,777 shares at $628,334 on Monday and month to date, an average of 163,533 units at $1,583,820, compared to 165,057 units at $1,534,877 on the previous trading day. June closed with an average of 281,913 units at $5,309,050.
Jamaica Broilers led trading with 1.91 million shares for 24.2 percent of total volume, followed by Sagicor Select Financial Fund with 1.62 million units for 20.5 percent of the day’s trade and Wigton Windfarm with 1.05 million units for 13.3 percent of market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.8 for the Main Market. The JSE Main and USD Market PE ratios are computed based on ICInsider.com’s forecasted earnings for companies with financial years ending up to the close of August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six stocks with lower offers.
At the close, Barita Investments declined 70 cents to end at $88.06 with an exchange of 29,688 shares, Berger Paints gained 69 cents after finishing at $12.19 with five stock units crossing the exchange, Caribbean Cement rallied 51 cents to $63.49 with the swapping of 2,645 units. Jamaica Broilers rallied 50 cents to close at $29 in an exchange of 1,908,234 stocks, Jamaica Producers shed 49 cents in closing at $22 with 20,587 shares clearing the market, Jamaica Stock Exchange rose 95 cents in closing at $17.95 after exchanging 2,204 stocks. JMMB Group fell 54 cents to $42.91, with 405,966 stock units changing hands, Massy Holdings advanced 50 cents to close at $91 in trading 44,934 units, Mayberry Investments popped 59 cents to $10.59 after an exchange of 4,056 units. Mayberry Jamaican Equities fell 49 cents to end at $15.50, with 34,029 stock units crossing the market, but only after hitting a record high of $16. MPC Caribbean Clean Energy dropped $4 after ending at $81 in switching ownership of 173 stocks, NCB Financial shed $1.93 to close at $95.07, with 43,592 shares crossing the market. Palace Amusement climbed $136.63 to $890 after exchanging three units, PanJam Investment declined 50 cents in closing at $63.50 while exchanging 3,503 stock units, Portland JSX rose 50 cents to end at $8.50 trading 20 stocks. Proven Investments gained 64 cents after ending at $33.99 and finishing trading 12,649 shares, Salada Foods dropped 35 cents to close at a 52 weeks’ low of $5 in exchanging 28,295 units and is poised to fall further. Seprod advanced $2.90 to $71, with 8,519 stocks clearing the market. 
Stanley Motta popped 50 cents in closing at $5.50, with 10,000 stock units crossing the exchange, Supreme Ventures climbed $1.60 to $30.60 after trading 151,914 shares and Sygnus Credit Investments lost 43 cents to $13.52, with 37,100 shares changing hands.
In the preference segment, 138 Student Living preference share increased $1.57, ending at a record closing high of $34, with 70 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich spurred Junior Market into big rally
The Junior Market Index surged 145.29 points to close at 4,341.97 after Fosrich climbed to a record $4.38 post-split and helped boost the volume of stocks traded by 37 percent, with the value of the overall trades dropping 52 percent lower than on Monday at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday.
FosRich stock traded at a record high after a 10 to 1 stock split today
The number of securities trading ended at 44, similar to Monday, with 21 rising, 19 declining and four closing unchanged.
A total of 10,929,588 shares were traded for $34,533,161 versus 8,001,420 units at $72,466,003 on Monday.
Trading averaged 248,400 shares at $784,845 compared to 181,850 units at $1,646,955 on Monday, with a month to date, average of 547,119 stocks at $2,827,985 against 565,323 units at $2,952,498 on the previous day. June closed with an average of 429,016 units at $1,630,104.
JFP Limited led trading with 3.71 million shares for 34 percent of total volume, followed by Dolla Financial with 1.67 million units for 15.3 percent of the day’s trade and iCreate with 939,848 units for 8.6 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial climbed $3 to close at $23, with eight shares changing hands, AMG Packaging popped 20 cents to end at $3.70 while exchanging 40,484 units, CAC 2000 rose 60 cents to $9 with the swapping of 50,000 stocks. Caribbean Cream shed 10 cents in ending at $4.40, with 17,634 stock units crossing the market, Caribbean Flavours declined 13 cents in closing at $1.87 with an exchange of 12,846 shares, Dolphin Cove rose 93 cents to $15.93 in trading 62,398 stocks. Fontana dropped 20 cents to end at $10, with 17,649 stock units crossing the market, Fosrich climbed 73 cents following a ten-to-one stock split to a record high of $4.38 after exchanging 884,064 units, Future Energy Source fell 15 cents to close at $5.65 and finishing trading of 432,881 shares. General Accident rallied 78 cents in closing at $5.59 after exchanging 3,101 stocks, iCreate gained 17 cents in ending at $4.81 after 939,848 stock units changed hands, Iron Rock Insurance fell 26 cents in closing at $3, with 15,687 units crossing the exchange. 
KLE Group added 35 cents to end at $2.15 in an exchange of 1,169 shares, Knutsford Express popped 48 cents to $7.38 and closed with an exchange of 1,622 stocks, Main Event rose 80 cents to close at $8, with 7,751 units clearing the market. Medical Disposables declined 30 cents in closing at $6.70 in switching ownership of 31,223 stock units and tTech advanced 44 cents to end at $3.74 in trading 262 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market dips as trading climbs
Trading on Tuesday, with the volume of stocks traded surging 2,521 percent and the value popping a solid 1,220 percent more than on Monday and resulting in more stocks rising than falling at the close of the Jamaica Stock Exchange US dollar market.
A total of eight securities traded, compared to six on Monday with three rising, one declining and four ending unchanged.
Overall, 516,424 shares traded for US$42,336 up sharply from 19,706 units at US$3,207 on Monday. Trading averaged 64,553 units at US$5,292, versus 3,284 shares at US$535 on Monday, with month to date average of 39,443 shares at US$3,330 versus 37,583 units at US$3,185 on the previous day. June ended with an average of 71,901 units for US$8,793.
The JSE US Denominated Equities Index lost 2.54 points to end at 206.18.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.6, The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending up to August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling prices and two stocks with lower offers.
At the close, First Rock Capital USD share popped 0.95 of a cent to 6.95 US cents in switching ownership of 9 shares, 
Margaritaville rallied 2 cents in closing at 12 US cents in trading a mere one unit, Productive Business Solutions ended unchanged at US$1.14 and closed trading with 24 stocks. Proven Investments advanced 0.08 of a cent to 22.59 US cents in exchanging 169,160 stock units, Sygnus Credit Investments USD share finished at 11.99 US cents, with 13,005 stock units crossing the market, Sygnus Real Estate Finance USD share remained at 13 US cents while exchanging 191 stocks and Transjamaican Highway fell 0.02 of a cent in closing at 0.93 of one US cent after 334,032 shares changed hands.
In the preference segment, JMMB Group 6% ended at US$1.10 in exchanging two units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich pushes Junior Market up 145 points.
The Junior Market listed Fosrich stock traded at its 10 to one split price and ended at a record high of $4.38 for a rise of 73 cents on Tuesday helping to push the Junior Market up 145.29 points to close at 4,341.97 and helping to push the JSE Combined Index a measure of the overall market, to jump 3,589.47 points to 391,701.09.
Fosrich traded at 10 to 1 stock split price on Tuesday.
The Main Market rose but the JSEUSD Markets slipped at the close of trading on the Jamaica Stock Exchange.
Trading ended, with 19,335,897 shares changing hands in the overall market, with a value of $170.8 million, while the JSE USD market ended with the value of stocks traded at US$42,336.
The All Jamaican Composite Index popped 3,348.28 points to close at 431,124.89, the JSE Main Index rose 2,441.47 points to close at 377,168.46 and the JSE USD market Index dipped 2.55 points to 206.18.
The market’s PE ratio ended at 24.1 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment choices, in the local stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and put in 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 ICInsider.com PE Ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
The net asset value of each company is reported as a guide to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
The EPS & PE ratios are based on 2021 and 2022 actual or projected earnings, excluding major one off items. The PE Ratio is the most popular measure used to determine the value of stocks.
