Junior Market plunges JSE Main Market jumps

The Junior Market of the Jamaica Stock Exchange jumped to 3,900 points at the start of trading but sank to 3,802 within 45 minutes to close, with pressure coming from a drop of Fosrich to a low of $2.50 after more than 22.66 million shares were traded valued at $58.6 million. At the close of the market, the volume traded rose to 26 million units, at the same time the Main Market put in a solid performance to close higher, while JSE USD Market declined a tad, to close out the week as trading in the overall market surged.
A total of 42,712,037 shares were traded in all three markets, up from 15,988,105 units on Thursday, for $322.7 million, compared to $154.79 million previously. Trading on the JSE USD market resulted in investors exchanging shares for US$4,336 versus US$1,416 on Thursday.
The JSE Combined Market Index climbed 1,571.71 points to 345,827.22, the All Jamaican Composite Index rallied 3,396.57 points to 377,477.46, the JSE Main Index climbed 2,289.80 points to 333,321.48, the Junior Market plunged 60.43 points to close at 3,801.46 and the JSE USD Market Index slipped 0.65 points to end at 248.71.
The market’s PE ratio ended at 19.7 based on 2021-22 earnings and 12.6 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 investment decisions by 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. It 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that show the closing volume for the bids and offers.
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.