Access Financial was one of the standout performers in trading on Monday with a jump of $3.50 following the release of full year results showing a profit after taxing climbing 65 percent to $438 million as investors warmed to the news, but the move had little impact on the overall Junior Market that slipped in value at the close. But Main Market stocks inched higher at the finish.
Access Financial Services head office.
At the same time, recently listed Dolla Financial continued to trade above average volumes for Junior Market stocks, with 6.9 million shares accounting for 41 percent of Junior Market trading on Monday, but the price eased just a few cents at the close.
The market closed with the JSE Combined Index adding 826.79 points to close at 396,711.44, while the All Jamaican Composite Index climbed 1,833.85 points to end at 437,818.37, the JSE Main Index climbed 1338.41 points to 382,525.24, the Junior Market index lost 47.28 points in closing at 4,342.19 and the JSE USD market index lost 1.68 points to close at 217.99.
Investors exchanged 31,176,437 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $134.1 million and in the JSE USD market, US$9,897.
The market’s PE ratio ended at 23.3 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to navigate many investment choices in the local stock market successfully. 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 take emotions out of the investment decision 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 quickly assess the value of stocks based on this measure. 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.
