Sharp rally in JSE Main Market indices

The Jamaica Stock Exchange Main market recorded gains on Tuesday with all three Main Market indices closing higher but the Junior Market declined for a second day. The Combined Index added 3,323.62 points to end at 407,744.79, the All Jamaican Composite Index surged 5,549.32 points to 449,468.38 as trading in the Main Market jumped sharply over Monday and the JSE Main Index climbed 3,609.16 points to end at 396,015.94.
Trading slipped in trading on the Junior Market with the index falling 6.63 points to end at 4,165.36.  Jamaica Stock Exchange closed at a 52 weeks’ high, followed by Supreme Ventures and Tansjamaican Highway.  
The market’s PE ratio ended at 23.2 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should make use of the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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 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.