Trading picked on the Jamaica Stock exchange on Friday and led to the JSE Main Market and the USD Market of the Jamaica Stock Exchange closing higher, but the Junior Market declined for a third consecutive day following the big jump it enjoyed on Monday and Tuesday.
Trading ended with an exchange of 15,002,754 shares, down from 11,852,477 units on Thursday, valued at $117 million up from $51.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$20,906 compared with US$12,989 on Thursday.
At the close, the Combined Market Index gained 557.08 points to 351,286.59, the All Jamaican Composite Index added 394.82 points to end at 381,036.58, the JSE Main Index rallied 796.94 points to end at 337,795.57, the Junior Market lost 19.95 points to end at 3,940.47 and the JSE US dollar market popped 0.51 points to close at 223.44.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.9 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 investment decisions by 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. It 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
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.