Gains for JSE Main & Junior Markets

The Main Market and the Junior Market of the Jamaica Stock Exchange started the week with gains while the USD market slipped at the close of trading on Monday as the markets continued to remain in a consolidation mood, but trading closed with a fall in the volume and value of stocks changing hands compared to trading on Friday.
At the close, the JSE Combined Market Index climbed 997.95 points to end trading at 347,557.60, the All Jamaican Composite Index popped 1,881.29 points to 373,005.45, the JSE Main Index rose 593.23 points to 336,049.32, while the Junior Market Index jumped 48.55 points to 3,714.30 and the JSE USD Market Index dipped 2.45 points to close at 234.52.
In the preference segment of the Main Market that is not reflected in the TOP10 graphs JPS 7 percent dropped $8.61 to $31.70 and PBS 9.75% fell $1 to $107.
At the close, investors exchanged 15,538,967 shares in all three markets, down from 30,527,346 units on Friday, with the value of stocks trading on Monday amounting to $52.4 million down from $69.48 million on Friday. Trading on the JSE USD market resulted in investors trading 353,880 shares for US$40,414, down from 506,557 units at US$55,262 on Friday.
The market’s PE ratio ended at 18.7 on 2022-23 earnings and 12.3 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 that are 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.