PanJam & JPG push Jamaica Stock Exchange

Jamaica Producers and PanJam Investment shares climbed higher on Monday following the disclosure that the two groups reached an agreement to merge their operations, with a likely conclusion in 2023. The stock prices of both companies rose on the Jamaica Stock Exchange, with Jamaica Producers gaining 22.9 percent to $22.50 from a close on Friday of $18.31 and Pan Jam Investment jumping just over 18 percent to $58 from the last traded price of $49 on Friday.
The gains in the above two companies pushed the Main Market higher, at the same time that investors pushed the Junior Market down for another day, but the JSE US dollar market rose modestly at the close.
At the end of trading the Combined Market Index rose 1,988.03 points to 350,382.05, the JSE Main Index popped 2,531.53 points in ending at 337,908.71, the Junior Market Index dropped 41.57 points to 3,830.39 while the All Jamaica Composite Index shed 1,041.52 points to 379,320.32 and the JSE US dollar market rallied 1.62 points to end at 228.89.
Trading ended, with 22,782,785shares changing hands, for $91.10 million, versus $116.96 million, with 18,045,996 shares traded in all markets on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$60,270 from US$22,001 on Friday.
The market’s PE ratio ended at 22.6 based on 2021-22 earnings and 12.4 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 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 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.

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