JFP jumps 31% Massy drags down JSE Index

The recent initial publicly offered stock, JFP Limited listed on the Jamaica Stock Exchange on Monday and closed 31 percent higher than the issue price of $1, but the move up was just barely able to keep the junior market from falling at the close, with the Combined Index diving 10,223.74 points to 400,884.61 after Massy Holdings dropped in price.
The All Jamaican Composite Index declined a more moderate 1,713.39 points to settle at 438,421.97, JSE Main Index dropped 10,931.95 points to 389,939.30, while the Junior Market Index added just 2.59 points to end the week at 4032.48, after rising to 4,109 points shortly after the market opened.
The market’s PE ratio ended at 17.6 based on 2021-22 earnings and 11 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart along with the more detailed daily report charts, provide investors with regularly updated information to help with decision making.
Investors should make use of the chart to help make rational investment decisions, by investing in stocks that are close to the average for the sector and not going too far from it, unless there are compelling reasons to do so. 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.  This approach helps to take emotions out of the investment decision and put in on fundamentals while at the same time not being too far from the majority of investors.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show closing volume for the bids and offers.
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.