SOS hits $34.98 as all JSE markets rise

Stationery and Office Supplies raced to another new record high with a closing price of $34.98, as investors responded aggressively to an announcement that directors would be considering a stock split that pushed to price up 75 percent since and just over 100 percent for the year to date, the move helped the Junior market to solidify its grip on the 3,900 mark elsewhere the Main Market and the JSE USD Market closed higher at the end of trading.
At the close, the JSE Combined Market Index gained 2,428.83 points to close at 341,433.62, the All Jamaican Composite Index rose 1,549.13 points to finish at 362,600.97, the JSE Main Index increased 2,357.50 points to 327,310.05, the Junior Market Index rallied 25.03 points to 3,936.13 while the JSE USD Market Index gained 1.36 points to end at 221.99.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Jamaica Public Service 7% popped $8.45 in closing at $64.80 and Productive Business Solutions 9.75% preference share popped $1 to end at $92.
At the close, investors exchanged 18,247,148 shares in all three markets down from 41,191,210 shares on Tuesday. The value of stocks trading in the Junior and Main markets was $146.3 million, down from $645 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 393,412. shares for US$ 6,625 compared to 934,268 units at US$32,448 on Tuesday.
The market’s PE ratio ended at 18.5 on 2022-23 earnings and 12.3 times those for 2023-24 at the close of trading.
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 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 and 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 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.
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.