The Junior Market climbed even higher than Friday’s close to its highest level since the end of January this year and the JSE USD market closed higher but the Main Market slipped, with volume and value trading rising moderately above that of Friday.
At the close, the JSE Combined Market Index fell 1,248.89 points to close at 340,233.71, the All Jamaican Composite Index gained 91.60 points to end at 363,379.58, the JSE Main Index shed 1,424.39 points to close at 325,201.53, while the Junior Market Index added 8.76 points to end trading at 4,019.99 and the JSE USD Market Index popped 3.80 points to close at 247.63.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Jamaica Public Service 7% lost $7.50 to close at $42.50 and Jamaica Public Service 9.5% surged $446.70 to $3424.70.
At the close, investors exchanged 28,770,036 shares in all three markets, up from 18,632,454 stocks on Friday. The value of stocks trading in the Junior and Main markets was $96.24 million, from $59.33 million on Friday. Trading on the JSE USD market ended with investors exchanging 628,194 shares for US$15,064 from 684,072 units at US$37,141 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.7 on 2022-23 earnings and 12.5 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 and 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.
JSE markets fall in welcoming July
All three markets on Jamaica Stock Exchange closed lower on Monday, but the Junior Market made solid gains throughout the trading session after it opened down to just over 3,909 points within minutes of opening, thanks to a big jump in the prices of Fontana and Stationery and Office Supplies, the market index ended much higher at the close, but the Main and the USD Market suffered sharp reversal to Friday’s close.
At the close, the JSE Combined Market Index dropped 2,842.58 points to close at 343,439.95, the All Jamaican Composite Index dived 3,768.45 points to 366,805.48, the JSE Main Index declined 2,896.62 points to finish at 329,138.31. The Junior Market Index lost 15.27 points to close at 3,968.96. The JSE USD Market Index fell 7.39 points to close at 249.01.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Jamaica Public Service 7% shed $9.50 and ended at $57.50 and 138 Student Living preference share advanced $3 in closing at $88.
At the close, investors exchanged 24,673,817 shares, in all three markets, down sharply from 48,899,684 stocks on Friday. The value of stocks trading in the Junior and Main markets was $192.4 million, down from $307.37 million on Friday. Trading on the JSE USD market ended with investors exchanging 1,296,152 shares for US$10,636 down from 179,896 units at US$10,636 on Friday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.8 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 per industry, 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.
Trading drops as the JSE rises to close June
Stocks closed higher on Jamaica Stock Exchange on Friday, with all three markets recording moderate gains following a decline in the volume and the value of stocks trading on the final day of June.
In closing, the JSE Combined Market Index climbed 1,755.88 points to end trading at 346,282.53, at the same time, the All Jamaican Composite Index jumped 2,559.69 points to 370,573.93 and the JSE Main Index popped 1,645.95 points to end at 332,034.93. The Junior Market Index rose 24.04 points to 3,984.23, with all the gains coming within a few minutes of closing as the market ended at the highest point since the first day in February this year and is now down a mere 0.01 percent for the year to date. The JSE USD Market Index rose 9.49 points to 256.40.
Preference shares with notable price change but not in the Main Market TOP10 graphs are Eppley 7.50% preference share gained 47 cents to close at $7.17, Jamaica Public Service 7% advanced $9.50 to close at $67 and 138 Student Living preference share rallied $10.20 ended at $85.
At the close, investors exchanged 48,899,684 shares, in all three markets, down sharply from 141,130,337 stocks on Thursday. The value of stocks trading in the Junior and Main markets was $307.37 million, down from $415.4 million on Thursday. Trading on the JSE USD market ended with investors exchanging 179,896 shares for US$10,636 down from 323,116 units at US$20,789 on Thursday.
The market’s PE ratio ended at 19.2 on 2022-23 earnings and 12.9 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 per industry, 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.