Surge in Monday trading on the Jamaica Stock Exchange

Trading surged sharply on the Jamaica Stock Exchange on Monday but prices softened in the JSE USD market and the JSE Main Market suffered while the Junior Market popped a few points by the close.
At the close of trading, 33,504,090 shares were traded in all three markets, from 22,972,502 units, with a value of $250.45 million, up from $109.5 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 88,737 shares for a mere US$48,455 compared to 86,809 units at US$1,115 on Friday.
The JSE Combined Market Index popped 705.24 points to 341,823.54, the All Jamaican Composite Index lost 745.02 points in ending at 372,176.69, the JSE Main Index fell 1,581.47 points to close at 328,859.80, the Junior Market dropped 11.64 points to 3,817.91 and the JSE USD Market Index plunged 21.45 points to end at 188.34 and follows a 20 points drop on Thursday and Friday.
The market’s PE ratio ended at 19 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 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. 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 also show the closing volume pertaining to the bids and offers 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.