Dolla Financial cools off

Trading in Dolla Financial cooled off on Tuesday, but with trading of 63.3 million shares, the largest daily amount so far since the shares were listed last week and bettering the 19 million units traded on Monday, as the price topped out at $3.60, but ended the day at $3.22.
The Main and Junior Markets rose and helped to push the JSE Combined Index up 1,243.59 points to close at 396,281.77.
The All Jamaican Composite Index rose 501.91 points to 435,913.02, the JSE Main Index rallied 603.43 points to 381,610, the Junior Market index rose a strong 75.60 points to 4,389.62 and the JSE USD market index slipped 1.28 points to close at 212.55.
Investors exchanged 87,888,049 shares in all markets, with the value of stocks traded in the Main and Junior Markets ended at $718.5 million and in the JSE USD market, US$11,186.
The market’s PE ratio ended at 24.9 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.