Markets closed higher on a day of heavy trading on the Jamaica Stock Exchange, with 236 million shares changing hands, valued at $2.47 billion as all markets ended September higher than the close of August.
JSE Combined Index, a measure of the overall market, rallied 3,870.11 points to 376,221.72
Barita traded at a new high on Friday.
The All Jamaican Composite Index rose 3,872.20 points to 413,943.31, the JSE Main Index popped 3,792.45 points to 361,691.60, the Junior Market Index rallied 36.11 points to 4,229.54 and the JSE USD market Index slipped 0.66 points to close 215.55.
Barita Investments traded more than 6.5 million shares with a value of $705.6 million and Sagicor XFund traded 189.69 million shares at $1.56 billion.
Trading ended, with 236,220,291 shares changing hands, valued at $2.47 billion, up from $857.96 million, with 207,798,795 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded at US$51,064 from US$55,292 on Thursday.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 12.3 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 investment decisions by 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 show the closing volume for the bids and offers.
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.
