Financials and JBG push Main Market higher

Main Market stocks rose on Monday with the market indices recording gains, as JMMB Group jumped $4, Jamaica Broilers fresh from releasing stellar October quarterly profits, added $2.70, Jamaica Stocks Exchange climbed $1.47 and NCB Financial Group rose $1.02, but the Junior and the JSE US dollar market slipped moderately, as the volume and value of shares traded surged sharply over Friday’s levels as JFP Ltd was the lead volume trade with 25.5 million units.
At the close, the Combined Market Index rallied 645.88 points to close at 352,660.02, the JSE Main Index rose 760.64 points to 339,549.37 while the All Jamaica Composite Index popped 1,523.69 points to 383,892.98, the Junior Market slipped 7.14 points to 3,912.61 and the JSE US dollar market fell 0.23 points to 226.48.
Trading ended, with 42,313,310 shares changing hands, for $160.7 million, versus $39.65 million, with 6,300,756 shares traded in all markets on the previous trading day. The JSE USD market ended with the value of stocks traded amounting to US$2,560 from US$13,108 on Friday.
The market’s PE ratio ended at 22.8 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 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 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.