Sharp jump for Scotia & Pan Jamaica

Scotia Group jumped $4, followed by gains of $3.94 in Pan Jamaica Group, $2.35 for Caribbean Cement and $2.29 in Jamaica Producers accompanied by decent gains in the rest of the days’ top performers lifted the Jamaica Stock Exchange Main Market on Monday, but the Junior Market suffered a sizable fall while the JSE USD declined moderately at the close.
At close, the JSE Combined Market Index dropped 803.13 points to close at 329,164.88, the All Jamaican Composite Index rose 1,789.14 points to end trading at 348,217.12, the JSE Main Index gained 1,229.06 points to 315,576.14, the Junior Market Index fell 37.52 points to finish at 3,791.92 and the JSE USD Market Index skidded 0.47 points to end at 254.89.
At close, investors traded 13,322,055 shares in all three markets, up from 8,039,740 stock units on Friday. The value of stocks traded on the Junior and Main markets amounted to $91.5 million, down from $107.9 million on Friday. Trading on the JSE USD market ended with investors exchanging 183,401 shares for US$13,204 from 596,504 units at US$36,632 on Friday.
In the preference segment, Eppley7.25% preference share fell $1.40 and ended at $18.65.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.8 on 2022-23 earnings and 11 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, with companies grouped by industry, 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.