Access Financial dominates JSE USD trading

Access Financial accounted for 67,861,430 shares at $1,676,177,320 at the close of the trading on the Junior Market as Proven Investments shift ownership within the group for nearly 68 million it owns as the trade dominated market activity on Wednesday but the market index slipped marginally as was the case of the Main Market slipped modestly but the JSE USD market popped slightly higher at the close on Wednesday.
Trading ended with the JSE Combined Market Index dipping by 1,154.39 points to 341,927.86. The All Jamaican Composite Index dropped 2,088.91 points to 369,166.27, the JSE Main Index lost 1,159.46 points to end at 330,217.61, while the Junior Market slipped 8.01 points to close at 3,693.19 and the JSE USD Market Index rose 0.44 points to end at 210.34.   
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $14 to $84.
At the close, investors exchanged 85,549,341 shares in all three markets, compared with 13,602,402 units on Monday, with the value of trading on Wednesday amounting to just $1.73 billion, down sharply from $36.96 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging shares for US$35,767 down from 303,705 units at US$18,904 on Tuesday.
The market’s PE ratio ended at 18.4 on 2021-22 earnings and 12 times those for 2022-23 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers 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.