Gains for all JSE Markets on Monday

Trading was mixed on the Jamaica Stock Exchange on Monday with the value of stocks traded climbing above Friday’s trades but with a lower volume, resulting in all three markets of the Jamaica Stock Exchange recording gains to start off the week.
At the close, the JSE Combined Market Index climbed 3,936.15 points to close at 338,169.13, the All Jamaican Composite Index surged 4,373.19 points to 357,810.90, the JSE Main Index jumped 4,153.40 points to 324,224.20, the Junior Market Index gained 6.64 points to close trading at 3,894.06, while the JSE USD Market Index popped 0.84 points to 247.37.
Trading of Preference shares ended with notable price changes for Jamaica Public Service 7% with a rise of 75 cents to close at $56, Productive Business Solutions 10.5% preference share increasing $2 to $1002 and Productive Business Solutions 9.75% preference share
shedding $8 to end at $92.
At the close, investors dealt in 15,594,397 shares in all three markets, down from 19,541,580 stocks on Friday. The value of stocks traded on the Junior and Main markets ended at $86.57 million, up from $73.3 million on Friday. Trading on the JSE USD market ended with investors exchanging 282,396 shares for US$9,019 compared with 595,775 units at US$31,180 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 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 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer for each company.