All JSE Markets drop

All JSE Markets dropped as stocks mostly fell on Wednesday, with the JSE Main Market breaking its winning streak from the last two weeks, while the Junior Market slipped further for a second trading day and the JSE USD market dipped a few points after being in positive territory until the dying minutes of trading.
Trading ended, with an exchange of 18,423,695 shares from 16,287,615 units on Tuesday, with the value dropping to $84.7 million down from $87.4 million on the previous day. The JSE USD market ended with the value of stocks traded amounting to US$3,524 down from US$11,129 on Tuesday.
At the close, the Combined Market Index dropped 8,910.35 points to 359,650.24, the All Jamaican Composite Index dived 9,718.27 points to 394,631.15, the JSE Main Index shed 9,089.39 points to 347,149.59, the Junior Market dropped 47.01 points to 3,901.24 and the JSE US dollar market dipped 0.57 points to 233.85.
The market’s PE ratio ended at 21.1 based on 2021-22 earnings and 12.9 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 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 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 ICInsider.com 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.