All JSE markets fall as trading drops

All markets fell at the close of trading on Tuesday following a sharp fall in the volume and value of stocks traded compared to that of Monday even as trading in the USD market exceeded that on Monday.
At the close, the JSE Combined Market Index fell 558.24 points to 339,675.47, the All Jamaican Composite Index dipped 497.53 points to 362,882.05, the JSE Main Index popped 82.35 points to end at 325,283.88, while the Junior Market Index dropped 69.39 points to settle at 3,950.60 and the JSE USD Market Index dipped 0.60 points to settle at 247.03.
The Preference shares closed with no stocks ending with notable price movements.
At the close, investors exchanged 16,768,963 shares in all three markets, up from 28,770,036 stocks on Monday. The value of stocks trading in the Junior and Main markets was a mere $45.2 million, from $96.24 million on Monday. Trading on the JSE USD market ended with investors exchanging 965,788 shares for US$23,655 from 628,194 units at US$15,064 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.6 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading. ICInsider.com 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 and shows companies 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 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 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.