Month end gains for Jamaica Stock Exchange

The Junior Market enjoyed another day of a big bounce on Thursday, following a 44.40 points jump on Wednesday while the Main Market of the Jamaica Stock Exchange had another day of robust gains, while the JSE USD market just inched forward to close out August on a positive note but the gains on the final day of the month could not erase declines suffered in all three markets earlier in the month as trading ended with the value and volume of stocks traded rising over that on Wednesday.
At the close, the JSE Combined Market Index climbed 3,120.24 points to close at 336,078.51, the All Jamaican Composite Index rose 3,802.79 points to 354,823.78, the JSE Main Index popped 2,577.57 points to 321,731.80, the Junior Market Index jumped by 78.13 points to settle at 3,919.73, while the JSE USD Market Index rose 1.37 points to conclude trading at 239.83.
Trading of Preference shares ended, with Jamaica Public Service 7% rose $6.02 to $52.82.
At the close, investors traded 25,949,771 shares in all three markets, up from 16,064,814 stocks on Wednesday. The value of stocks traded on the Junior and Main markets ended at $340 million, up from $85.26 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 500,869 shares for US$62,995 up from 136,351 units at US$23,735 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.3 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 place them 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 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.