Month-end gains for JSE stocks

Stocks closed higher on the Jamaica Stock Exchange in trading on Wednesday, with the Junior Market squeezing out a third consecutive day of gains while the JSE USD market jumped sharply at the end of trading also closed higher, and the JSE Main market closed just higher in the final minutes before the close, following a sharp pick up in trading on Tuesday’s levels.
The JSE Combined Market Index rallied 854.92 points to 348,657.19, the All Jamaican Composite Index popped 112.20 points to 370,475.97, the JSE Main Index rose 696.33 points to 336,533.91, the Junior Market Index managed to hold on a gain of 22.41 points to end at 3,785.03 and the JSE USD Market Index dropped 30.40 points to end at 242.69.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with  Productive Business 10.50% preference share popping $124 to $1225 as Jamaica Public Service 7% rose $9.30 to close at $69.30.
At the close, investors exchanged 41,266,573 shares in all three markets, up from 17,543,277 units on Monday, with the value of stocks trading amounting to $199.8 million from $73.68 million on Monday. Trading on the JSE USD market resulted in investors exchanging 842,727 shares for US$97,351 compared to 15,452 units at US$986 on Monday.
The market’s PE ratio ended at 17.8 on 2022-23 earnings and 11.6 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.