Big blast off for JSE Main & Junior Market

Investors pushed the Main and Junior Market into sharp gains to close out the first quarter of 2023 as the JSE USD market inched just higher at the close on Jamaica Stock Exchange on Friday, with big gains in the volume and value of stocks traded.
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $55.90 to $263.39 and JPS 9.5 percent jumped $98 to $2,998 and PBS 10.5% jumping $58 to $1,258.
At the close, investors exchanged 51,243,309 shares in all three markets, compared with 45,525,550 units on Thursday, with the value of trading on Friday amounting to $650.5 million, up sharply from $183.2 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 1,234,958 shares for US$13,631 down from 1,608,959 units at US$20,097 on Thursday.
The JSE Combined Market Index jumped sharply by 5,958.64 points to 352,487.53, the All Jamaican Composite Index surges 6,292.04 points to end at 383,757.21, the JSE Main Index jumped 5,465.11 points to end at 340,535.88, the Junior Market surged 93.32 points to 3,795.21 and the JSE USD Market Index rose 0.26 points to close at 231.90.
The market’s PE ratio ended at 19 based on 2021-22 earnings and 12.5 times those for 2022-23 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 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.