Guardian Holdings drags down JSE

Guardian Holdings fell by $34.80 and Massy Holdings by $3 on the Jamaica Stock Exchange on Monday and dragged down the Main Market and the Combined Market Index but the All Jamaican Composite and the USD market Indices rose but the Junior Market fell, following increased trading to start off the week.
Trading closed with the JSE Combined Market Index dropping 2,501.16 points to end at 331,121.76, the All Jamaican Composite Index rose 672.31 points to 352,341.68, the JSE Main Index dived 2,517.03 points to finish at 317,837.17, the Junior Market Index fell 16.66 points to finish at 3,775.22 while the JSE USD Market Index rallied 2.11 points to finish at 244.70.
At the close, investors traded 13,050,414 shares in all three markets, compared with 12,730,155 stock units on Friday. The value of stocks traded on the Junior and Main markets ended at $143 million, up from $73 million on Friday. Trading on the JSE USD market rose above that on Friday and ended with investors exchanging 299,650 shares for US$146,763 from 198,322 units at US$20,612 on Friday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.6 on 2022-23 earnings and 11.2 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, with 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.