Trading climbs on Jamaica Stock Exchange

The JSE USD market jumped sharply at the close on Friday while the Main Market recorded modest gains but the Junior Market of the Jamaica Stock Exchange slipped towards the close after trading up with the market index clearing the 3,800 points level for most of the morning session following a moderate trading session but with an increase in value and volume of stocks traded over Thursday’s levels.
Trading ended with the JSE Combined Market Index popping 1,250.75 points to 346,914.00. The All Jamaican Composite Index declined 1,306.49 points to end at 371,710 .92, the JSE Main Index rallied 1,443.60 points to close at 334,870.71, the Junior Market Index shed 10.52 points in closing at 3,764.13 and the JSE USD Market Index jumped 12.51 points to 237.76.
Shares in the preference segment of the Main Market that are not in the TOP10 graphs ended with Jamaica Public Service 7% rose $7 in closing at $75.
At the close, investors exchanged 17,722,313 shares in all three markets, up from 7,982,611 units on Thursday, with the value of stocks trading amounting to $69.9 million compared with $43.4 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 88,165 shares for US$11,398 from 122,385 units at US$18,559 on Thursday.
The market’s PE ratio ended at 18.7 on 2022-23 earnings and 12.4 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.