JSE Main Market rallies as Juniors dropped

The Jamaica Stock Exchange Main Market closed higher at the close of trading on Monday as the JSE USD Market inched marginally lower but the Junior Market plunged 63 points, following a moderate rise in the volume of stocks traded with the value jumping above that on Friday.
At the close of trading on Monday, the JSE Combined Market Index popped 136.50 points to 329,091.28, the All Jamaican Composite Index jumped 2,334.48 points to 350,357.91, after shares of NCB Financial jumped $6.51 to $73.50, the JSE Main Index advanced 733.38 points to 315,732.62. The Junior Market Index rose 62.76 points to close trading at 3,765.99 and the JSE USD Market Index lost 0.10 points to 223.37.
Investors traded 31,517,364 shares in all three markets, versus 13,255,970 units on Friday. The value of stocks traded climbed on the Junior and Main markets to $149. 07 million from $118.38 million on Friday. The JSE USD market closed after 647,665 shares were traded, for US$35,342 up sharply from 126,524 units at US$3,325 on Friday.
In the preference segment, Jamaica Public Service 7% declined $8 and ended at $42.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2022-23 earnings and 11.9 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.