CPJ trades 36.6m shares, GraceKennedy 9.9m

Stocks declined on Wednesday sending all three markets of the Jamaica Stock Exchange downhill at the close of trading, with the value and volume of stocks traded jumped sharply over that on Tuesday as Caribbean Producers led trading with 36.63 million shares followed by GraceKennedy with 9.87 million units.
At the close of trading on Wednesday, the JSE Combined Market Index fell 2,854.49 points to 323,356.14, the All Jamaican Composite Index dropped 1,682.39 points to lock up trading at 346,162.58, while the JSE Main Index dived 2,490.91 points to close at 310,440.98. The Junior Market Index shed 59.13 points to end trading at 3,677.85 and the JSE USD Market Index dipped 1.95 points to end the day at 225.90.
Investors traded 62,120,345 shares, in all three markets up from 13,491,927 units on Tuesday. The value of stocks traded on the Junior and Main markets ended at $1.1 billion from just $44.78 million on Tuesday. The JSE USD market closed after 368,630 shares were traded, for US$6,490 compared to 830,053 units at US$28,943 on Tuesday.
In the preference segment, Productive Business Solutions 10.5 % preference share fell $100 to $1,100.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 13.9 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 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 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.