Barita dominates trading to end June

Barita Investments dominated trading on the last day of June on Jamaica Stock Exchange on Thursday, accounting for 21.9 shares valued at $1.9 billion, leading the overall market value to jump sharply to $2.1 billion worth of stocks traded in Main and Junior markets as the volume of stocks trading was just shy doubling Thursday’s trades.

Barita Investments headquarters

The market closed with the JSE Combined Index climbing 1,427.58 points to 398,329.22 while the All Jamaican Composite Index rose 1,350.07 points to  440,236.22, the JSE Main Index gained 1,152.41 points to end at 384,185.82, the Junior Market index popped 38.91 points to 4,349.44 and the JSE USD market index lost 5.91 points to close at 211.65.
Investors exchanged 53,744,711 shares in all markets, with the value traded in the Main and Junior Markets ending at $1.9 billion and in the JSE USD market, US$48,827.
The market’s PE ratio ended at 24.1 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment choices, in the local stock market. The 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 investment decisions by 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 PE Ratio chart covers all ordinary shares 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 quickly assess the value of stocks based on this measure. 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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