Sharp jump for the JSE Main Market

The Main Market of the Jamaica Stock Exchange jumped on Thursday after the heavily weighted NCB Financial rallied $5.50 to $72.50 and Guardian Holdings jumped $60 to close at $451. The JSE USD markets popped slightly higher and the Junior Market slipped moderately lower following a rise in the volume and value of stocks traded in the overall market compared to Wednesday, with the market continuing its consolidation mode in early summer.
The JSE Combined Market Index surged 3,204.39 points to 341,353.87, the All Jamaican Composite Index climbed 1,736.10 points to 362,426.38, the JSE Main Index powered 3,614.85 points higher to settle at 326,961.01, while the Junior Market Index fell 18.41 points to 3,963.00 and the JSE USD Market Index popped 0.95 points to 242.95.
Trading of Preference shares ended with no notable price movements on Thursday.
At the close, 18,916,750 shares were traded, in all three markets, compared with 18,521,121 stocks on Wednesday. The value of stocks trading in the Junior and Main markets was $217 million compared to $98.8 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 477,710 shares for US$21,075 from 372,527 units at US$9,733 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 18.3 on 2022-23 earnings and 12.2 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 navigate numerous investment options in the local stock market successfully. 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 about the highest bid and the lowest offer for each company.