JSE Main Market rose on Wednesday

The Jamaica Stock Exchange Main Market enjoyed a modest bounce on Wednesday but the Junior Market and the JSE USD Market slipped at the close, the slippage was inadequate to prevent the Combined Market indices from closing 1,181.10 points higher at 357,060.31.  
At the end of trading, the JSE Main Index rose 1,525.74 points to 343,681.10, the Junior Market Index dropped 26.95 points to 3,972.26, while the All Jamaica Composite Index shed 453.12 points to 389,396.40 and the JSE US dollar market dipped 2.60 points to end at 242.80.
Trading ended, with 31,805,998 shares changing hands, for $124.6 million, versus $145.33 million, with 21,069,831 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$1,384 from US$65,957 on Tuesday.
The market’s PE ratio ended at 23.8. Based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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.

Palace actually declined $75.12.

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 ICInsider.com 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 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 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.

About IC Insider.com