Gains for Jamaica Stock Exchange markets

The Jamaica Stock Exchange eked out modest gains at the end of trading on Friday to end the month on a positive note as all three markets rose as trading returned to more regular levels following a surge in trading on the JSE USD market on Thursday.
Trading ended after the JSE Combined Market Index rose 2,589.87 points to finish trading at 349,670.27, the All Jamaican Composite Index jumped 3,118.34 points to 380,322.58, the JSE Main Index rose 2,293.26 points to conclude trading at 338,081.79, the Junior Market Index jumped 49.10 points to 3,737.92 and the JSE USD Market Index popped 1.75 points to finish at 219.55.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Jamaica Public Service 7% advanced $30.34 to end at $128.95 and Productive Business Solutions 9.75% preference share lost $9 in closing at $95.
At the close, investors exchanged 33,097,266 shares in all three markets, up from 38,009,067 units on Thursday, with the value of stocks trading amounting to $109.8 million up from $64.5 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 742,486 shares for US$13,313, down from 22,118,146 units at US$1.68 million on Thursday.
The market’s PE ratio ended at 19 on 2022-23 earnings and 12.7 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 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.
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.