Gains for Junior & USD markets losses for majors

The Junior Market of the Jamaica Stock Exchange made another attempt to break out of a market squeeze to the upside on Wednesday while the JSE USD Market climbed but the JSE Main Market continues to struggle and declined to close out the day with the value of stocks traded dropping sharply compared to that on Tuesday.
Trading ended, with an exchange of 11,612,526 shares compared with 19,683,685 units on Tuesday, with the value, traded ending at $50.4 million from $173.9 million the previous day. The JSE USD market ended with US$50,829 worth of stocks traded versus US$9,034 on Tuesday.
At the close, the Combined Market Index dropped 896.49 points to 356,431.37, the All Jamaican Composite Index shed 1,685.66 points to settle at 388,532.60, the JSE Main Index fell 1,249.20 points to 342,372.38, the Junior Market popped 29.27 points to end at 4,035.96 and the JSE US dollar market rose 1.87 points to close at 229.28.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.5 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 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.