JSE Main and Junior Market climb on Tuesday

Trading on the Jamaica Stock Exchange Is well down on trading on Tuesday with just 13.3 million shares changing hands valued at just over $30 million, but the market closed higher than the close on Monday, with the Main Market and the Junior Market climbing solidly but the JSE USD Market slipped for a 6^th consecutive day.
At close, the JSE Combined Market Index climbed 2,615.44 points higher to 328,904.77, while the All Jamaican Composite Index rose just 262.79 points to 347,293.71, the JSE Main Index jumped 2,426.08 points to close at 314,062.31. The Junior Market Index surged 38.66 points to settle at 3,921.43 and the JSE USD Market Index declined for a sixth consecutive day after dipping 0.75 points to 222.34.
Investors traded 13,288,537 shares in all three markets, up from 21,002,315 stock units on Monday. The value of stocks traded fell on the Junior and Main markets to $30.29 million from $62.5 million on Monday. The JSE USD market ended trading after 212,100 shares were traded, for US$6,287, down from 1,287,632 units at US$32,552 on Monday.
The preference segment had no stocks with a notable price change.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 22.5 on 2022-23 earnings and 11.3 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 only going too far from it if 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.