Across the board sell off to fund Dolla IPO

Following the closure of the Jamaica Stock Exchange for Monday’s public holiday, investors came out in force on Tuesday, slashing stock prices across the board, following the release of the attractively priced Dolla Financial IPO slated for listing on the Junior Market of the Jamaica Stock Exchange. In the process, the JSE Combined Index dived 8,171.28 points or 2 percent to 397,427.68.
The All Jamaican Composite Index dived 7,520.59 points to 442,250.18, the JSE Main Index shed 6,564.71 points to close at 385,333.83, the Junior Market dropped just 5.52 percent with a dive of 228.07 points to 4,129.74 and the JSE USD market index rose 0.35 points to 210.32.
Investors exchanged 28,306,948 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to a mere $187.7 million and in the JSE USD market, US$48,070.
The market’s PE ratio ended at 23.6 based on 2021-22 earnings and 12.7 times those for 2022-23 at the close of the Jamaica Stock Exchange.   
Investors need a series of measures and pertinent information to successfully navigate the 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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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