JSE Main Market rises Juniors & JSE USD fall

The Main Market of the Jamaica Stock Exchange broke its losing streak after closing moderately higher than Friday and Transjamaican Highway continues to hit record closing highs and closed at $2.20, but the Junior and the JSE USD Markets slipped below Friday’s close after six Junior Market stocks triggered the exchange circuit breaker at varying times during the trading session.  
At the close, the JSE Combined Market Index rose 1,083.75 points to end at 341.349.19, the All Jamaican Composite Index lost 325.98 points to close at 361,277.13, the JSE Main Index popped 1,197.20 points to 328,531.40, the Junior Market Index dipped 3.64 points to 3,802.40 and the JSE USD Market Index dipped 4.97 points to 233.94.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Eppley 7.50% preference share shed $1.28 to close at $6.20, Jamaica Public Service 7% fell $10.48 in closing at $50. 138 Student Living preference share declined $6.99 and ended at $81, Productive Business 10.50%  preference share dropped $50 to $1200 and Productive Business Solutions 9.75% preference share lost 94 cents to close at $106.
At the close, investors exchanged 22,548,034 shares in all three markets on Monday compared to 52,143,554 shares on Friday. The value of stocks trading in the Junior and main markets was $90.9 million, down from $1.637 billion on Friday. Trading on the JSE USD market resulted in an exchange of 2,048,216 shares for US$53,374 compared to 857,775 units at US$11,684 on Friday.
The market’s PE ratio ended at 18.1 on 2022-23 earnings and 11.3 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.