JSE Main & USD market jump

The Main Market of the Jamaica Stock Exchange closed out the week with gains while the USD market surged on Friday as the Junior Market traded in a narrow range Friday and slipped modestly at the close as the markets continue to be in a consolidation mood, but the market closed with a fall in the volume and value of stocks changing hands compared to trading on Thursday.
Trading ended on Friday with the JSE Combined Market Index climbing 2,909.46 points to 346,559.65, the All Jamaican Composite Index surging 3,997.53 points to 371,124.16, the JSE Main Index jumping 3,317.57 points to conclude trading for the week at 335,456.09, up over 4,000 points for the week, while the Junior Market Index dropped 20.33 points to end at 3,665.75 and the JSE USD Market Index popped 7.61 points to conclude at 236.97.
In the preference section of the Main Market that is not reflected in the TOP10 graphs JPS 7 percent dropped $19.69 to $40.31.
At the close, investors exchanged 30,527,346 shares in all three markets, down from 44,225,452 units on Thursday, with the value of trading on Friday amounting to $69.48 million from $113.3 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 506,557 shares for US$55,262, down from 12,382,341 units at US$179,206 21,164 on Thursday.
The market’s PE ratio ended at 18.7 on 2022-23 earnings and 12.2 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers 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.