JSE Main & Junior Markets fall as USD market jumps

The JSE USD Market was the only one of the three markets to record gains at the close of trading on the Jamaica Stock Exchange on Tuesday, with the Junior Market just inching lower while the Main Market indices falling moderately after trading closed with a fall in the volume, with the value of stocks changing hands rising compared to trading on Monday.
Trading ended after the JSE Combined Market Index shed 1,313.21 points to close trading at 346244.39, the All Jamaican Composite Index declined by 831.45 points to 372,174.00, the JSE Main Index dropped 1,387.56 points to conclude trading at 334,661.76, while the Junior Market Index slipped a mere 2.02 points to 3,712.28 and the JSE USD Market Index climbed 6.12 points to close at 240.64.
In the preference segment of the Main Market that is not reflected in the TOP10 graphs, Eppley 7.75 percent rose $3.82 to $20.02.
At the close, investors exchanged 14,512,825 shares in all three markets, down from 15,538,967 units on Monday, with the value of stocks trading amounting to $89.69 million up from $52.4 million on Monday. Trading on the JSE USD market resulted in investors exchanging 69,500 shares for US$4,092 down from 353,880 units at US$40,414 on Monday.
The market’s PE ratio ended at 19.1 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading.
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 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 and 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 that are payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers for each company.
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.