Another big fall for Juniors as others fall

All three Jamaica Stock Exchange markets fell on Tuesday but the Junior Market took another battering, falling 75 points on top of the more than 62 points fall on Monday, the JSE USD and Main Markets slipped lower to close out the day with a rise in the volume of stocks trading but with a much lower value than on Monday.
At the close, the JSE Combined Market Index fell 1,474.35 points to close at 334,477.95, the All Jamaican Composite Index shed 612.08 points to end at 353,837.05, the JSE Main Index fell 846.13 points to end at 321,405.80,  the Junior Market Index dived 74.82 points to 3,778.10, while the JSE USD Market Index slipped 4.15 points to close at 240.41.
Preference share trading ended with the only notable price change being that of Jamaica Public Service 7% with a rise of $15 to end at $65.
At the close, investors dealt in 23,384,296 shares in all three markets, up from 20,682,647 stocks on Monday. The value of stocks traded on the Junior and Main markets ended at $61.7 million, up sharply from $109.34 million on Monday. Trading on the JSE USD market ended with investors exchanging 610,587 shares for US$16053, compared with 155,440 units at US$5,637 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.9 on 2022-23 earnings and 11.6 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. It 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.