JSE Main Market drops Juniors rise

The Jamaica Stock Exchange ended with mixed trading on Tuesday, with Junior Market having a second consecutive day when the index closed just higher than the prior day and the JSE USD market also closed higher, but the JSE Main market lost grounds, following a fall in trading from Monday’s levels.
The JSE Combined Market Index shed 1,042.09 points to 347,802.27, the All Jamaican Composite Index dropped 1,804.90 points to close at 370,363.77, the JSE Main Index fell 1,165.52 points to end trading at 335,837.58, the Junior Market Index managed to hold on a gain of just 4.97 points to close at 3,762.62 and the JSE USD Market Index dropped 13.05 points to end at 212.29.
Shares in the preference segment of the Main Market not in the TOP10 graphs ended with Eppley 5% preference share dropping $2.90 to end at $20 and Jamaica Public Service 7% lost $9 to close at $60.
At the close, investors exchanged just 17,543,277 shares in all three markets, down from
30,833,189 units on Monday, with the value of stocks trading amounting to $73.68 million from $112.47 million on Monday. Trading on the JSE USD market resulted in investors exchanging 15,452 shares for US$986 compared to 959,588 units at US$46,217 on Monday.
The market’s PE ratio ended at 17.3 on 2022-23 earnings and 11.4 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 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.
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.