All JSE Market drop on Monday

The markets closed lower on the Jamaica Stock Exchange on Monday with trading volume and value falling bellows Friday’s levels and providing limited support to the market’s prices.
The JSE Combined Market Index fell 633.59 points to 347,152.65, the All Jamaican Composite Index declined by 1,262.06 points to 369,455.98, the JSE Main Index fell 279.16 points to 335,318.38, the Junior Market Index fell 40.76 points to 3,744.57 and the JSE USD Market Index slipped 3.96 points to 234.26.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Jamaica Public Service 7% falling $11.78 to close at $66.72.
At the close, investors exchanged 20,210,036 shares in all three markets, down from 29,251,124 18 units on Friday, with the value of stocks trading amounting to $83.8 million down from $94.5 million on Friday. Trading on the JSE USD market resulted in investors exchanging 144,256 shares for US$3,922 compared to 112,013 units at US$25,887 on Friday.
The market’s PE ratio ended at 18.6 on 2022-23 earnings and 11.4 times those for 2023-24 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 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.
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.