JSE markets rise

All three markets of the Jamaica Stock Exchange closed higher to the start of March on an up note and follows gains on Tuesday in the two main markets after the volume and value of stock traded plunged to low levels for the Main and Junior markets.
Trading dropped from levels passing through the market on Tuesday, with an exchange of 12,685,338 shares in all three markets, down from 32,208,706 units on Tuesday, with a value of $54.89 million, down from $134.7 million previously traded. Trading on the JSE USD market resulted in investors exchanging shares for US$44,807 compared to US$14,037 on Tuesday.
The JSE Combined Market Index rallied 2,897.91 points to 350,288.45, the All Jamaican Composite Index rose 3,384.45 points to close at 382,078.90, the JSE Main Index popped 2,579.19 points to end at 337,221.42, the Junior Market jumped 53.30 points to close at 3,890.60 and the JSE USD Market Index rose 2.11 points to end at 232.56.
The market’s PE ratio ended at 19.7 based on 2021-22 earnings and 13 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 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. 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.