All JSE markets fall

The Junior Market of the Jamaica Stock Exchange continues to bounce around as the market dropped on Monday, following Friday’s bounce while the Main Market ended several points lower as the volume and the value of stocks changing hands fell below that on Friday and after some big price movements, with NCB Financial jumping $3.83 followed by Seprod $2.94, Pan Jamaica $2.48, with three others rising between $1 and $1.20, but was offset by declines of $25 by Guardian Holdings, $4.75 by Eppley, Kingston Wharves down $1.59 and JMMB Group off $1.40 and the USD Market inched lower at the close.
At the close of the market, the JSE Combined Market Index slumped 2,256.97 points to 325,890.06, the All Jamaican Composite Index shed 1,911.15 points to end at 346,257.04, the JSE Main Index dropped 2,209.15 points to end at 312,449.18. The Junior Market Index fell 21.15 points to end at 3,752.02.and the JSE USD Market Index skidded 1.20 points to wrap-up trading at 227.47.
Investors traded 9,432,720 shares, in all three markets compared to 11,515,257 units on Friday. The value of stocks traded on the Junior and Main markets ended at $48.06 million from $103.07 million on Wednesday. The JSE USD market closed after 509,457 shares were traded, for US$14,389 compared to 306,262 units at US$15,475 on Friday.
In the preference segment, Eppley 7.25% preference share fell $1 and ended at $18 and Eppley 7.75% preference share dipped $2.88 to $16.34.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 13.9 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, 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 quickly assess the value of stocks based on this measure. 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.