Gains for Junior Market, Main Market ends lower

The Junior Market climbed even higher than Friday’s close to its highest level since the end of January this year and the JSE USD market closed higher but the Main Market slipped, with volume and value trading rising moderately above that of Friday.
At the close, the JSE Combined Market Index fell 1,248.89 points to close at 340,233.71, the All Jamaican Composite Index gained 91.60 points to end at 363,379.58, the JSE Main Index shed 1,424.39 points to close at 325,201.53, while the Junior Market Index added 8.76 points to end trading at 4,019.99 and the JSE USD Market Index popped 3.80 points to close at 247.63.
Preference shares with notable price movements but not in the Main Market TOP10 graphs are Jamaica Public Service 7% lost $7.50 to close at $42.50 and Jamaica Public Service 9.5% surged $446.70 to $3424.70.
At the close, investors exchanged 28,770,036 shares in all three markets, up from 18,632,454 stocks on Friday. The value of stocks trading in the Junior and Main markets was $96.24 million, from $59.33 million on Friday. Trading on the JSE USD market ended with investors exchanging 628,194 shares for US$15,064 from 684,072 units at US$37,141 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.7 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies 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.