Junior Market dumps 114 points as the JSE falls

The Junior Market dropped more than 114 points and the rest of the market suffered losses even as the volume of stocks traded jumped sharply above Tuesday’s level as the value climbed more moderately.  
At the close, the JSE Combined Market Index shed 3,399.58 points to finish trading at 332,51.90, the All Jamaican Composite Index fell 1,333.01 points to 353,792.21, the JSE Main Index dropped 2,522.83 points to end trading at 319,240.94, the Junior Market Index skidded 114.23 points to 3,784.32 and the JSE USD Market Index dipped 4.04 points to  239.22.
Preference shares trading ended, with Productive Business Solutions 10.5% preference share climbed $235 to close at $1,335.
At the close, investors traded 17,990,028 shares in all three markets, up sharply from 6,987,843 stocks on Tuesday. The value of stocks traded on the Junior and Main markets ended at $80.25 million, up from $56.7 million on Tuesday. Trading on the JSE USD market rose above that on Tuesday and ended with investors exchanging 1,090,681 shares for US$25,542 from 195,527 units at US$19,350 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.8 on 2022-23 earnings and 11.2 times those for 2023-24 at the close of trading. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies 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 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.