Investors stepped up buying of stocks on the Jamaica Stock Exchange as trading volume and the value of stocks traded surged on Friday and resulting in the Junior Market index rising at the close of the week, but the Main Market slipped and the JSE USD Market inched just higher at the close of Friday’s market activities and left the JSE Combined Index, a measure of the overall market dropping 1,461.45 points to close at 362,922.12.
The All Jamaican Composite Index dipped 2,372.81 points to 398,290.49, the JSE Main Index declined 1815.69 points to 248,226.07 the Junior Market Index climbed 25.86 points to 4,150.00 and the JSE USD market Index popped 0.04 points to close at 206.43.
Trading ended with 59,396,759 shares for $172.7 million, up sharply from $76.6 million, with 16,793,278 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$12,962 from US$12,689 on Thursday.
The market’s PE ratio ended at 23.7 based on 2021-22 earnings and 12.9 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. Companies are 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.