Big fall for JSE Main and Junior Markets

All three JSE Markets recorded gains at the end of trading on Wednesday, following a moderate trading session with a reduced volume of shares changing hands as the value of stocks traded dropped sharply compared to Tuesday.
The JSE Combined Market Index climbed 708.92 points to 346,203.68. The All Jamaican Composite Index declined 511.59 points to 368,714.93, the JSE Main Index advanced 437.53 points to 334,568.02, as the Junior Market Index jumped 32.84 points to 3,717.39 and the JSE USD Market Index popped 1.03 points to 234.32.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Eppley 5% preference share dropping $4.95 to close trading at $18.03, 138 Student Living preference share popping $17.81 to $150 and Productive Business 10.5% preference share increasing by $20 to end at $1,220.
At the close, investors exchanged 13,336,404 shares in all three markets, down from 16,737,915 units on Tuesday, with the value of stocks trading amounting to $43.3 million compared with $80.3 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 39,854 shares for US$2,210 from 117,602 units at US$19,660 Tuesday.
The market’s PE ratio ended at 18.4 on 2022-23 earnings and 12.2 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.