JSE Main Market start the week higher

The Main Markets of the Jamaica Stock Exchange recorded gains to start off the week on Monday but the Junior and JSE USD markets closed lower than on Friday, with a rise in the volume of stock trading but with a lower value compared to Friday.
The JSE Combined Market Index rallied 2,021.22 points to 346.220.16, the All Jamaican Composite Index jumped 1,710.31 points to close at 375,805.13, the JSE Main Index gained 2,554.58 points to end at 334,415.23, while the Junior Market Index dropped 39.60 points to 3,734.76 20.92 and the JSE USD Market Index dipped 3.17 points to finish at 240.12.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with JPS 9.5 percent recovering the $150 it lost on Friday to close at $3,000 while the JPS 7 percent rose $11 to $50 and PBS 10.5 percent rallied $20 to close at $1,220.
At the close, investors exchanged 29,285,359 shares in all three markets, up from 14,514,651 units on Friday, with the value of stocks trading amounting to $85.3 million down from $135 million on Friday. Trading on the JSE USD market resulted in investors exchanging 173,563 shares for US$11,282, up sharply from 1,282,434 units at US$220.084 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.4 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 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 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 that are 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 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.