Fall for JSE USD stocks, gains for Main Market

Fresh from the close of the Jamaica Stock Exchange on Monday for the celebration of the National Heroes holiday, the JSE USD market plunged nearly 10 percent on Tuesday and the Junior Market pulled back for the 3,900 points level as the Main Markets just held on to record modest gains at the close of trading on Tuesday, with a drop in both volume and value of stocks traded in the overall market.
At close of trading, the JSE Combined Market Index popped 53.40 points to end at 329,669.61, the All Jamaican Composite Index rallied 1,148.31 points to finish at 347,455.34, the JSE Main Index advanced 341.60 points to 315,226.37, as Kingston Wharves, GraceKennedy and Seprod gained over $2. The Junior Market Index shed 29.80 points to end at 3,885.12 and the JSE USD Market Index rdropped 10.61 points to 232.98.
Investors traded 18,664,384 shares in all three markets, down sharply from 66,196,822 stock units on Friday. The value of stocks traded declined on the Junior and Main markets to $145.29 million, down from $248.39 million on Friday. Trading on the JSE USD market ended with investors exchanging 34,722 shares were traded, for US$2,213 compared to 91,370 units at US$3,137 on Friday.
In the preference segment, Productive Business Solutions 9.75% preference share dropped $1 to end at $99.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.1 on 2022-23 earnings and 10.8 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 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.