Junior Market rallies other markets fall

The Junior Market of the Jamaica Stock Exchange climbed on Wednesday, but the Main and JSE USD markets slipped with the volume and value of stocks traded falling from Tuesday’s outturn as the market continue to consolidate in the summer months.
At the close, the JSE Combined Market Index lost 380.40 points to end at 338,149.48, the All Jamaican Composite Index declined by 708.51 points to 360,690.28, the JSE Main Index fell 676.97 points to 323,346.16, the Junior Market Index rose 27.45 points to 3,981.41 and the JSE USD Market Index slipped 10.38 points to 241.99.
Trading of Preference shares with notable price movements not included in the TOP10 graphs are Productive Business 10.50% preference share lost $232.50 to $977.50, Jamaica Public Service 7% gained $7.75 to close at $71 and Jamaica Public Service 9.5% climbed $125 in closing at $3,100.
At the close, investors exchanged 18,521,121 shares, in all three markets, compared with 72,010,160 stocks on Tuesday. The value of stocks trading in the Junior and Main markets was $98.8 million, in comparison to $201.4 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 372,527 shares for US$9,733 from 934,611 units at US$22,159 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.3 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading. 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 and 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.