Guardian Holdings jumped $28.80 and the Junior Market ISP Finance surged $10.20, while Caribbean Cement recovered $4.84 lost on Tuesday and Barita Investments fell $1.88 and Massy Holdings $1 on a day of low trading and declines in most market indices.
At the close, the JSE Combined Market Index shed 1,259.01 points to end at 329,392.48, the All Jamaican Composite Index shed 107.59 points to close at 350,523.65, the JSE Main Index lost 1,264.18 points to end at 316,046.21, the Junior Market Index slipped 8.68 points to 3,768.86, while the JSE USD Market Index rallied 4.15 points to 244.57.
At the close, a total of 8,767,985 shares were traded in all three markets, compared with 9,714,042 stock units on Tuesday. The value of stocks traded on the Junior and Main markets ended at just $40 million, down from $67.7 million on Tuesday. Trading on the JSE USD market rose above that on Tuesday and ended with investors trading 246,487 shares for US$10,039 from 1,397,026 units at US$71,601 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.9 on 2022-23 earnings and 11.1 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, for easy comparison 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.
