JSE Main Market drops Junior Market breaks losing streak

The Main Market of the Jamaica Stock Exchange dropped to close out the week on Friday with all main indices suffering major losses, while the JSE USD Market inched slightly lower and the Junior Market eked out a modest gain and broke the previous five days of consecutive fall, with trading levels falling below that on Thursday.
Overall, 17,122,649 shares were exchanged in all three markets, down slightly from 17,225,087 units on Thursday, valued at a mere $71.14 million, down from $99.67 million on the previous day. Trading on the JSE USD market resulted in investors exchanging shares traded for US$1,876 versus US$39,278 on Thursday.
The JSE Combined Market Index dived 4,087.79 points to close at 343,321.81, the All Jamaican Composite Index shed 6,402.06 points to 372,524.43, the JSE Main Index fell 4,529.20 points to 330,245.04, the Junior Market shed 14.15 points to close at 3,840.26 and the JSE USD Market Index slipped 1.05 points to end at 252.75.
The market’s PE ratio ended at 20.6 based on 2021-22 earnings and 13.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many investment options in the Jamaican 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.