The selling pressure from investors seeking funds to place in the Dolla Financial Initial Public Offer that opens on Friday, eased on Thursday with notable increases in the market indices. The Junior Market of the Jamaica Stock Exchange that was badly bruised gained 76.74 points to close at 4,104.09, helping the JSE Combined Index to rise by 1,330.65.points 398,889.12.
The All Jamaican Composite Index rose 2,244.12 points to 442,179.82, the JSE Main Index added 693.48 points to close at 387,138.14 and the JSE USD market index slipped 0.21 points to 210.09.
Investors exchanged 18,094,025 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $97.3 million and in the JSE USD market, US$12,922.
The market’s PE ratio ended at 24.4 based on 2021-22 earnings and 13 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 use 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 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.
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The All Jamaican Composite Index dipped 2,525.46 points to 439,724.72, the JSE Main Index added 956.58 points to close at 386,290.42, the Junior Market dropped 103.33 points to 4,026.41 and the JSE USD market index slipped 0.03 points to 210.29.
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 All Jamaican Composite Index dived 7,520.59 points to 442,250.18, the JSE Main Index shed 6,564.71 points to close at 385,333.83, the Junior Market dropped just 5.52 percent with a dive of 228.07 points to 4,129.74 and the JSE USD market index rose 0.35 points to 210.32.
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 other stock to climb into the ICTOP10 this week is Lasco Distributors, back in at the number 10 spot.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
The 2021 financial statements show a total income of $395 million and a profit of $168 million before tax. Currently, the number of issued shares is 2.25 billion units, with earnings per share of 7 cents per share. Results for March 2022 show revenues of $141 million compared to $64 million in 2021, with a profit of $66 million, up from $17 million in 2021. For the full year earnings should hit the $300 million mark with earnings per share of 20 cents per share with a PE ratio of 5, compared to 13 for the overall Junior Market.
The All Jamaican Composite Index dipped 1,581.75 points to 449,770.77, the JSE Main Index shed 707.68 points to close at 391,898.55, the Junior Market slipped just 3.71 points to 4,357.81 and the JSE USD market index dropped 1.05 points to 209.96.
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 All Jamaican Composite Index popped 1,595.11 points to 451,352.52, the JSE Main Index added 1,037.82 points to close at 392,606.23, the Junior Market broke the five days losing streak with a rise of 25.36 points to 4,361.52 and the JSE USD market index dropped 11.85 points or 5.6 percent to 211.01.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on Jamaica Stock Exchange. It shows companies grouped on an industry basis, allowing easy comparisons between the same sector companies and the overall market.
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 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.
