One Great Studio dominates trading

The volume for the newly listed One Great Studio dropped back from the more than 21 million stocks traded on Wednesday to be close to that on the opening day in the region of 14 million shares with 14.8 million shares more than half of the total shares traded on Thursday with the price edging 9 cents higher to a record $1.27. Trading in the new listing, kept the volume traded elevated but below Wednesday’s level with the value of stocks traded slipping.
At close, the JSE Combined Market Index dipped 223.89 points to close at 325,383.95, at the same time the All Jamaican Composite Index fell 541.98 points to close at 345,405.20, the JSE Main Index shed 445.30 points to 311,400.65, the Junior Market Index rose 20.71 points to settle at 3803.96, while the JSE USD Market Index rallied 0.95 points to settle at 255.38.
At the close, investors traded 27,691,335 shares in all three markets, up from 31,325,305 stock units on Wednesday. The value of stocks traded on the Junior and Main markets amounted to $72 million, up from $122.83 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 73,572 shares for US$2,495 down from 218,675 units at US$32,659, on Wednesday.
In the preference segment, Eppley 7.25% preference share dipped $1.30 in closing at $18.65 and Jamaica Public Service 7% shed $12.71 to $44.29.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 on 2022-23 earnings and 10.8 times those for 2023-24 at the close of trading. PE ratio chart and the more detailed daily report 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 require relevant and timely  information to successfully navigate the 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 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.

About IC