JSE USD & Main Markets, Juniors fall

The Main Market of the Jamaica Stock Exchange bounced to close of trading on Tuesday and the USD Market inched higher but the Junior Market declined for a second straight day as Junior Market value and volume of stocks traded jumped over that on Monday but the Main Market suffered a sharp fall in trading levels.
At the close of trading on tuesday, the JSE Combined Market Index rallied 320.57 points to close at 326,210.63, the All Jamaican Composite Index advanced 1,587.93 points to end the day at 347,844.97, while the JSE Main Index climbed 482.71 points to 312,931.89. At close of the market, the Junior Market Index slipped 15.04 points to 3,736.98 and the JSE USD Market Index rose 0.38 points to lock up trading at 227.85.
Investors traded 13,491,927 shares, in all markets compared to 9,432,720 units on Monday. The value of stocks changing hands on the Junior and Main markets amount to $44.78 million up from $48.06 million on Monday. The JSE USD market closed with 830,053 shares being traded, for US$28,943 compared to 509,457 units at US$14,389 on Monday.
In the preference segment, Jamaica Public Service 7% climbed $4.99 in closing at $46 and Productive Business Solutions 10.5 % preference share rose $50 to $1,200.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 13.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 quickly assess the value of stocks based on this measure. 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.