Gains for Jamaica Stock Exchange markets

All three markets of the Jamaica Stock Exchange recorded moderate gains in the indices at the close on Friday following a sharp jump in value and volume of stocks traded in the Junior and the Main markets, with the Junior Market’s JFP ending with an exchange of 46 million shares with a value of $67.7 million but the JSE USD market recorded a drop in both volume and value of stocks traded.
At close, the JSE Combined Market Index popped 581.61 points to finish at 329,616.20, while the All Jamaican Composite Index advanced 192.48 points to end at 346,307.03, the JSE Main Index rose 212.42 points to 314,884.77, the Junior Market Index gained 19.41 points to end at 3,914.92 and the JSE USD Market Index rallied 3.42 points to 243.59.
Investors exchanged 66,196,822 shares in all three markets, up sharply from 35,221,185 stock units on Thursday. The value of stocks traded jumped on the Junior and Main markets amounting to $248.39 million, up from $108.99 million on Thursday. Trading on the JSE USD market ended with investors exchanging 91,370 shares for US$3,137 compared to 866,262 units at US$20,932 on Thursday.
In the preference segment, Jamaica Public Service 7% declined $6 and ended at $42 and Jamaica Public Service 9.5% dropped $10 to close at $2,890.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.5 on 2022-23 earnings and 11 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, 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.