Gains in all 3 JSE markets

Stocks gained in all three Jamaica Stock Exchange markets on Wednesday but the Junior Market failed to make major inroads into the sharp fall on Tuesday. Trading dropped back from the previous day’s heightened trades that were boosted by the above average daily trade in NCB Financial of 16.05 million shares for $1.06 billion.
At the close, the JSE Combined Market Index climbed 869.73 points to close at 343,451.29, the All Jamaican Composite Index rose 2,113.23 points to 367,304.17, the JSE Main Index popped 902.81 points to 329,758.18, the Junior Market Index inched 2.98 points higher to 3,907.00, while the JSE USD Market Index jumped 7.05 points to finish at 248.42.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Productive Business 10.50% preference share lost $50 to close at $1200, Eppley 7.25% preference share dropped $2.81 to $16.19, Eppley 7.50% preference share lost $1.08 in closing at $6.09 and Jamaica Public Service 7% advanced $10.57 to close at $50.
At the close, investors exchanged 33,998,142 shares in all three markets, down from 41,956,342 stocks on Tuesday. The value of stocks trading in the Junior and Main markets was $253.9 million, up from $1.18 billion on Tuesday. Trading on the JSE USD market resulted in investors exchanging 490,501 shares for US$293,958 up from 183,070 units at US$17,969 on Tuesday.
The market’s PE ratio ended at 18.6 on 2022-23 earnings and 12.5 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 per industry, 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.