All JSE markets close the week with gains

All three markets and the Jamaica Stock Exchange recorded gains to close out the week on Friday of trading on Thursday, with a fall in the volume and value of stocks changing hands compared to Thursday but with a higher value as trading in the JSE USD surged sharply over Thursday’s levels.
Trading ended with the JSE Combined Market Index rallying 448.42 points to 344,198.94. The All Jamaican Composite Index rose 1,723.12 points to 374,094.82, the JSE Main Index gained 275.40 points to conclude trading at 331,860.65, while the Junior Market Index climbed 20.92 points to 3,774.36 and the JSE USD Market Index popped 3.79 points to finish at 243.29. Shares in the preference segment of the Main Market that are not included in the TOP10 graphs had JPS 9.5 percent plummeting $150 to $2,850 while the JPS 7 percent rose $3.35 to $39.
At the close, investors exchanged 14,514,651 shares in all three markets, down from 27,419,909 units on Thursday, with the value of stocks trading amounting to $135 million up from $110.57 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 1,282,434 shares for US$220.084, up sharply from 131,288 units at US$26,722 on Thursday.
The market’s PE ratio ended at 19.2 on 2022-23 earnings and 12.6 times those for 2023-24 at the close of trading.
Investors need pertinent information to successfully navigate numerous investment options 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 decisions when 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 and 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 that are payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers for each company.
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.