Weekend rally for all JSE Markets

All three markets of the Jamaica Stock Exchange closed higher at the end of trading on Friday with Main Market putting in solid gains while the others rose modestly following a pickup in trading over Thursday’s levels.
At the close of trading, the JSE Combined Market Index ran 2,495.00 points higher to 348,830.07, the All Jamaican Composite Index jumped 3,017.25 points to 372,672.30, the JSE Main Index climbed 2,660.04 points to 337,061.22, the Junior Market just managed to squeeze out a rise of 1.42 points in the market index to end at 3,750.17 and the JSE USD Market Index rallied 3.83 points to end at 210.66.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Jamaica Public Service 9.5% jumped $21 to close at $3,000.
At the close, investors exchanged 23,826,160 shares in all three markets, up from 20,280,791 units on Thursday, with the value of stocks trading amounting to $110.3 million from $95.54 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 211,505 shares for US$16,972 compared to 142,507 units at US$31,099 on Thursday.
The market’s PE ratio ended at 17.5 on 2022-23 earnings and 11.4 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.