JSE Main Market jumps as Juniors rise

Massy Holdings jumped $4.70, Pan Jamaica gained $4.46, Caribbean Cement price climbed $1.05 and NCB Financial rose $1 but was partially offset by declines of more than $1 in six and helped in lifting the Jamaica Stock Exchange Main Market by more than 4,000 points on Thursday as the Junior Market inched higher but the JSE USD Market slipped marginally as the markets closed trading, with the value and volume of stocks traded dropped compared to Wednesday.
At the close of trading on Thursday, the JSE Combined Market Index surged 4,148.87 points to close at 327,505.01, the All Jamaican Composite Index jumped 3,739.69 points to 349,902.27, the JSE Main Index advanced 4,376.18 points to end trading at 314,817.16. The Junior Market Index advanced 5.21 points to conclude trading at 3,683.06 and the JSE USD Market Index dipped 0.87 points to settle at 225.03.
Investors traded 16,069,112 shares, in all three markets down from 62,120,345 units on Wednesday. The value of stocks traded on the Junior and Main markets ended at $42.6 million from just $1.1 billion on Wednesday. The JSE USD market closed after 345,389 shares were traded, for US$6,537 compared to 368,630 units at US$6,490 on Wednesday.
In the preference segment, had not stocks trading with notable price movements.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2022-23 earnings and 13.9 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 not going too far from it unless 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 quickly 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 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.