Continuing fall for Main Market, Juniors rise

The Main market of the Jamaica Stock Exchange declined at the close on Friday and continuing the negative trend from the beginning of the month but the Junior Market continues to eat away at losses incurred earlier in the year, while the JSE USD Market closed higher at the end of a moderate trading session.
At the close, the JSE Combined Market Index declined 377.10 points to 336,531.40, the All Jamaican Composite Index shed 214.10 points to close at 360,434.51, the JSE Main Index dropped 843.81 points to 322,530.46, the Junior Market Index jumped 44.82 points to 3,887.79, while the JSE USD Market Index slipped 2.75 points to close at 237.27.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Eppley 7.75% preference share adding $1 to close at $20 and Jamaica Public Service 9.5% rising $22 in closing at $3,000.
At the close, investors exchanged 20,598,279 shares in all three markets compared to 30,404,886 shares on Thursday. The value of stocks trading in the Junior and Main markets was $73.7 million, up sharply from $115.16 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 992,059 shares for US$15,037 compared to 32,918 units at US$5,796 on Thursday.
The market’s PE ratio ended at 18.4 on 2022-23 earnings and 12.3 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.