Main & Junior Market rally, JSEUSD drops

Main Market on stocks recorded solid gains in trading following the closure of the market for the Labour Day holiday on Tuesday while the Junior Market got added push with the price of Fosrich jumping to over $3 on heavy trading but the JSE USD Market dropped sharply to close much lower than Monday, following a pickup in the value of stocks trading.
At the close of trading, the JSE Combined Market Index climbed 2,890.60 points to 347,251.23, the All Jamaican Composite Index jumped 3,546.34 points to end at 370,917.95, the JSE Main Index advanced 2,988.38 points to end at 335,171.56 the Junior Market Index popped 11.17 points to close at 3,770.31 and the JSE USD Market Index dropped 19.40 points to close at 207.57.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Eppley 5% preference share popping $1.98 to end at $20.99, 138 Student Living preference share dipped $13.50 to $106.67 and Productive Business Solutions 9.75% preference share fell $10.69 to close at $106.94.
At the close, investors exchanged 43,828,723 shares in all three markets, down from 46,795,133 units on Wednesday, with the value of stocks trading amounting to $139.5 million down from $118.5 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 679,.924 shares for US$31,830 up from 323,887 units at US$5,124 on Wednesday.
The market’s PE ratio ended at 17.3 on 2022-23 earnings and 11.2 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts along with the closing volume pertaining to the highest bid and the lowest offer 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.