Trading rises on the Jamaica Stock Exchange

The value of stocks traded rose on the Jamaica Stock Exchange on Thursday, but the volume slipped marginally from the levels on Wednesday but the market closed mixed on Thursday, with the JSE USD and the Junior markets closing higher, but the Main Market finished lower.
At close, the JSE Combined Market Index shed 1,272.78 points higher to close at 326,891.48, the All Jamaican Composite Index dipped 951.42 points to settle at 346,651.73, the JSE Main Index lost 1,727.61 points to close at 311,809.96. The Junior Market Index rallied 38.47 points to 3,931.97 and the JSE USD Market Index rose 0.77 points to settle at 225.60.
Investors traded 22,006,435 shares in all three markets, marginally down on the 22,396,453 stocks on Wednesday. The value of stocks traded rose on the Junior and Main markets to $98 million from $88.4 million on Wednesday. The JSE USD market ended trading after 218,678 shares were traded, for US$7,411, compared to 194,347 units at US$314,203 on Wednesday.
In the preference, segment had no stocks with notable price changes.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 23.1 on 2022-23 earnings and 11.2 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, 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 navigate numerous investment options in the local stock market successfully. 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.