The Jamaica Stock Exchange closed with mixed results on Friday with the JSE Main Market index rising followed by the Junior Market but the JSE USD Markets slipped and the All Jamaican Composite Index lost more ground to close out the week, following a rise in the volume of stocks traded with the value slipping from Thursday’s levels.
AS Bryden commenced trading on the Main market with investors swapping 53,309 shares with a value of J$1,575,191 and the price closed at $29 with a rise of $6.50 from the listed price.
At the close of trading, the JSE Combined Market Index popped 1,420.45 points to close at 328.954.78, while the All Jamaican Composite Index lost 1,118.17 points to conclude trading at 348,023.43, the JSE Main Index climbed 1,433.99 points to 314,999.24. The Junior Market Index rose 8.65 points to close trading at 3,828.75 and the JSE USD Market Index fell 4.00 points to 223.47.
Investors traded 13,255,970 shares in all three markets, compared to 11,392,608 stock units on Thursday. The value of stocks traded dipped on the Junior and Main markets to $118. 38 million from $123.80 million on Thursday. The JSE USD market closed after 126,524 shares were traded, for US$3,525 down from 308,440 units at US$5,303 on Thursday.
In the preference segment, Jamaica Public Service 7% climbed $8 and ended at $50 and Productive Business Solutions 9.75% preference share popped $10.20 to end at $112.20.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.7 on 2022-23 earnings and 11.8 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.
