More declines for Jamaican stock markets

The Jamaica Stock Exchange Main and Junior Markets rose at the close of trading on Friday, but the USD market slipped lower with the volume and value of stocks traded falling compared with trading on Thursday.
At the close of trading, JPS 7% preference shares jumped $50 to an unrealistic record high of $$00 after investors exchanged 1,295 shares, with an exchange of 16,410,081 shares in all three markets, compared with 43,111,953 units, with a value of $82.4 million, in contrast to $101.4 million on the previous trading day. JSE USD market closed with investors trading 273,362 shares for US$7,044 compared to just 21,983,490 units at US$1.63 million on Thursday.
The JSE Combined Market Index climbed 1,499.50 points to close at 334,072.41, the All Jamaican Composite Index rose 861.71 points to 363,092.98, the JSE Main Index rallied 1,262.43 points to 322,420.29, the Junior Market gained 34.78 to end at 3,629.45 and the JSE USD Market Index fell 1.66 points to close at 215.70.
The market’s PE ratio ended at 18.2 based on 2021-22 earnings and 11.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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.