Junior & Main Markets closed higher

Trading picked up on Jamaica Stock Exchange on Monday, with the Junior Market opening trading at just over 3,717 points for an 87 points early jump higher than Friday’s close but ended lower at the close, with a smaller gain while the Jamaica Stock Exchange Main Market rallied higher at the close, but the USD market dropped sharply lower by the close of trading.
The market closed with the volume and value of stocks traded jumping sharply higher compared with trading on Friday.
TransJamaica Highway dominated trading with 75.6 million shares with an exchange of a total of 87,702,748 shares in all three markets, compared with 16,410,081 units on Friday, with trading on Monday amounting to $173.1 million, in contrast to $82.4 million on the previous trading day. Trading on the JSE USD market resulted in an exchange of 620,736 shares for US$61,293 compared with 273,362 units at US$7,044 on Friday.
The JSE Combined Market Index popped 968.55 points to 335,040.96, the All Jamaican Composite Index climbed 2,102.98 points to 365,195.96, the JSE Main Index climbed 780.03 points to 323,200.32, the Junior Market gained 26.01 points to settle at 3,655.46 and the JSE USD Market Index fell 1.66 points to close at 191.48.
The market’s PE ratio ended at 18.2 based on 2021-22 earnings and 11.8 times those for 2022-23 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. 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 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.