Big Junior market recovery, Main Market slips

The Junior Market recovered all most all the 137 points drop in the previous two days as it enjoyed a near 100-point bounce on Wednesday, with JSE USD rising with the Main Market index slipping following a rise in volume and value of stocks trading over the markets’ activity on Tuesday.
At the close, the JSE Combined Market Index popped 692.51 points to close at 335,170.47, the All Jamaican Composite Index advanced 228.12 points to end at 354,065.17, the JSE Main Index dipped 192.39 points to finish at 321,213.41, the Junior Market Index surged 95.27 points to finish at 3,873.37, while the JSE USD Market Index slipped 2.64 points to close at 243.05.
There are no Preference shares trading with a notable price change.
At the close, investors dealt in 43,258,967 shares in all three markets, up from 23,384,296 stocks on Tuesday. The value of stocks traded on the Junior and Main markets ended at $162 million, up sharply from $61.7 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 797,307 shares for US$115,172, compared with 610,587 units at US$16,053 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.3 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.