JSE Main Market rallies others falter

The Main market of the Jamaica Stock Exchange climbed on Tuesday, but the Junior and JSE USD Markets slipped with the volume and value of stocks traded climbing sharply over Monday’s outturn as Image Plus Consultants led trading with 56.39 million shares.
At the close, the JSE Combined Market Index rose 767.66 points to 338,529.88, the All Jamaican Composite Index rallied 1,640.94 points to 361,398.79, the JSE Main Index increased by 915.36 points to 324,023.13, while the Junior Market Index slipped 9.45 points to end at 3,953.96 and the JSE USD Market Index declined 3.59 points to 252.37.  
Trading of Preference shares with notable price movements not included in the TOP10 graphs are Productive Business 10.50% preference share advanced $60 and ended at $1210 and Eppley 7.50% preference share fell 95 cents to close at $6.12.
At the close, investors exchanged 72,010,160 shares, in all three markets, compared with 17,713,805 stocks on Monday. The value of stocks trading in the Junior and Main markets was $201.4 million, in comparison to $104.07 million on Monday. Trading on the JSE USD market ended with investors exchanging 934,611 shares for US$22,159 from 258,699 units at US$6.551 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.4 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies 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 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.