Decline for Jamaican Stock Exchange

Trading declined moderately on the Jamaica Stock Exchange on Friday with 17,172,004 shares traded in the overall market, with an exchange of $128.2 million worth of shares, while the JSE USD market ended with US$8,982 passing through the market as all three markets suffered declines in their indices.
The JSE Combined Index lost 1,232.06 points to end at 395,029.38, while the All Jamaican Composite Index dropped 638.67 points to 436,010.12, the JSE Main Index shed 1,167.36 points to 380,735.60, the Junior Market Index slipped 25.44 points to 4,341.21 and the JSE USD market Index dipped 1.97 points to 212.83.
The market’s PE ratio ended at 23.6 based on 2021-22 earnings and 13 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate the many investment choices, 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 investment decisions by 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. It 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
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.