JSE Main Market climbs Juniors inch higher

Main Market stocks recorded decent gains in trading ahead of the Labour Day holiday on Tuesday but the Junior Market after struggling in the morning session managed to eke out a modest rise at the close while the JSE USD Market closed marginally higher as the market started the week on a positive note as trading picked up over Friday’s low levels, helped by an exchange of 27.8 million shares in Paramount Trading.
At the close of trading on Monday, the JSE Combined Market Index climbed 2,185.89 points to end at 344,360.63, while the All Jamaican Composite Index surged 3,640.76 points to 367,371.61, the JSE Main Index rallied 2,217.69 points to 332,183.18 the Junior Market Index popped 12.74 points to finish at 3,759.14 and the JSE USD Market Index popped 0.36 points to settle at 226.97.
Shares in the preference segment of the Main Market and not included in the TOP10 graphs ended with Productive Business 10.50% preference share climbing $59.75 in closing at $1101, Productive Business Solutions 9.75% preference share increased $10.69 in closing at $117.63, Jamaica Public Service 7% dipped $6.95 to close at $79.06. Jamaica Public Service 9.5% lost $21 to end at $2979, JMMB Group 7.25% preference share fell 75 cents and ended at $4.25 crossing the market 2,085 units and 138 Student Living preference share dropped $5.33 to end at $120.17.
At the close, investors exchanged 46,795,133 shares in all three markets, compared with 17,012,254 units on Wednesday, with the value of stocks trading amounting to $118.5 million down from $92.6 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 323,887 shares for US$5,124 up from 441,233 units at US$11,332 on Wednesday.
The market’s PE ratio ended at 17.3 on 2022-23 earnings and 11.3 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 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.