JSE Main Market rises Junior Market steady on Monday

The JSE Main Market jumped on Monday while the Junior Market just about held on to a few points at the close after trading over 3,800 points for most of the morning session the USD market slipped at the close, following another moderate trading session but with an increase in value and volume of stocks traded over Friday’s levels.
Trading ended after the JSE Combined Market Index popped 2,137.12 points to 349,051.12. The All Jamaican Composite Index rose 741.69 points to 372,452.61, the JSE Main Index gained 2,274.28 points to settle at 337,144.99, as the Junior Market Index popped 1.65 points to close at 3,765.78 and the JSE USD Market Index dipped 5.57 points to 232.19.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 7.75% preference share advanced $2.21 to $19.75, Jamaica Public Service 7% dropped $15 in closing at $60, 138 Student Living preference share popped $15.67 in closing at $120.17 and Productive Business 10.50% preference share increased $50 to end at $1200.
At the close, investors exchanged 21,449,554 shares in all three markets, up from 17,722,313 units on Friday, with the value of stocks trading amounting to $61.2 million compared with $69.9 million on Friday. Trading on the JSE USD market resulted in investors exchanging 721,255 shares for US$11,283 from 88,165 units at US$11,398 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading.
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 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 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 and 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 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.
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.