Stocks closed out July with gains on JSE Markets

All three markets recorded gains at the close of trading on the Jamaica Stock Exchange to close out July on a positive note on Monday, with an increase in the volume of stocks traded but with a lower value than Friday.
At the end of trading, the JSE Combined Market Index climbed 1,304.64 points to close at 340,624.91, the All Jamaican Composite Index rose 5,102.37 points to end at 365,189.04, the JSE Main Index rallied 1,135.31 points to 326,405.39, while the Junior Market Index added 30.73 points to 3,940.00 and the JSE USD Market Index added 0.94 points to end at 244.99.
Trading of Preference shares with notable price changes are Productive Business 10.50% preference share with a fall of $100 in closing at $1150, Jamaica Public Service 7% losing $9.18 and ending at $52.02 and 138 Student Living preference share dropping $2 to $9.
At the close, investors exchanged 35,539,078 shares in all three markets, up sharply from 22,196,180 stocks on Friday. The value of stocks trading in the Junior and Main Markets ended at $139.59 million, down from $151.67 million on Friday. Trading on the JSE USD market ended with investors exchanging 953,823 shares for US$22,262, up from 394,211 units at US$7,160 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.6 on 2022-23 earnings and 12.6.
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 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.