The JSE USD market jumped at the close of trading on Monday but the Main and Junior Markets of the Jamaica Stock Exchange declined as trading ended with the number of stocks changing hands falling, while the value traded jumped sharply over the previous trading day, as trading in the Main Market jumped, resulting in prices of just 27 shares rising and overwhelmed by 49 declining.
At the close of trading, the JSE Combined Market Index dropped 3,696.83 points to 341,657.18, the All Jamaican Composite Index dived 5,470.97 points to 366,963.57, the JSE Main Index collapsed 3,675.03 points to settle at 328,753.40. The Junior Market Index shed 28.57 points to end at 3,806.68 and the JSE USD Market Index popped 9.35 points to end the day at 265.19.
At the close of trading, 34,746,725 shares were exchanged in all three markets, down from 46,550,162 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $209.43 million, up from $147.48 million on the previous trading day and the JSE USD market closed with 60,767 shares trading for US$33,398 compared to 765,260 units at US$64,253 on Friday.
Trading in the Main Market was dominated by Transjamaican Highway trading with 9.01 million shares followed by Wigton Windfarm with 6.94 million units, Jamaica Stock Exchange chipped in with 5.0 million stock units, JMMB 9.5% preference share ended with 3.61 million shares and Wisynco Group with 1.07 million stocks.
In the Junior Market, Lasco Manufacturing led trading with 449,268 shares, followed by Future Energy with just 366,287 units and One Great Studio with 339,510 stock units.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 14.1 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 navigate numerous investment options successfully in the 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 for investors 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.
