Big fall for Junior Markets as Main market rises

The Junior Market of the Jamaica Stock Exchange suffered a big setback in trading on Thursday with an 84-point fall while the USD Market closed marginally lower but the Main Market ended moderately higher as the volume and the value of stocks traded declined below that on Wednesday.
At the close of trading on Thursday, the JSE Combined Market Index dipped 426.94 points to close at 328,172.19, while the All Jamaican Composite Index advanced 917.53 points to  350,126.89, the JSE Main Index increased 335.47 points to conclude trading at 315,274.10. The Junior Market Index dropped 84.47 points to close at 3,710.26 and the JSE USD Market Index slipped 0.60 points to finish at 227.62.
Investors traded 19,049,560 shares, in all three markets, compared to 59,330,218 units on Wednesday. The value of stocks traded on the Junior and Main markets ended at $75.1 million from $180.35 million on Wednesday. The JSE USD market closed after 3,636,438 shares were traded, for US$276,260 compared to just 184,226 units at US$16,805 on Wednesday.
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 11.9 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 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.