Fall of the JSE markets on Tuesday

Only the Jamaica Stock Exchange USD Market closed higher at the end of trading on Tuesday as investors trading activity shaved a few points off the Main and Junior Markets indices as a series of quarterly reports did little for the vast majority of stocks, but Investors reacted bly to the proposed payment of an 80 cents dividend by the Junior Market listed Dolphin Cove with the stock jumping $2.45, while trading surged on the Main Market as 100 million Transjamaican preference shares were traded with a value of $200 million.
At the close of the market, the JSE Combined Market Index dropped 959.19 points to close at 328132.09, while the All Jamaican Composite Index lost 728.78 points to close at 349,629.13, the JSE Main Index shed 851.71 points to 314,880.91. The Junior Market Index fell 18.30 points to conclude trading at 3,747.69 and the JSE USD Market Index rose 2.31 points to finish at 225.68.
Investors traded 114,901,415 shares in all three markets, compared to 31,517,364 units on Monday. The value of stocks traded climbed on the Junior and Main markets to $276.5 million from $149.07 million on Monday. The JSE USD market closed after 14,818 shares were traded for US$1,462 compared to 647,665 units at US$35,342 on Monday.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.1 on 2022-23 earnings and 11.8 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 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.