Junior Market reclaims 3,900 others fall

The highlight on the Jamaica Stock Exchange on Tuesday is the sharp increase in demand for shares of Stationery and Office Supplies, with the price hitting a record high of $26.45 and closing with bids at $26.45 to buy 220,709 units and 114,415 shares at $26 compared to moderate selling, starting at $30.50, and follows an announcement of a directors’ meeting to discuss a stock split.
Elsewhere, the Main Market declined, but the Junior Market closed above the 3,900 mark for the first time since the middle of February this year, the JSE USD Market closed lower at the end of increased trading.
At the close, the JSE Combined Market Index fell 2,015.29 points to close at 339,004.79, the All Jamaican Composite Index dropped 3,269.39 points to 361,051.84, the JSE Main Index declined 2,465.86 points to 324,952.55, the Junior Market Index popped 31.19 points to 3,911.10, while the JSE USD Market Index shed 20.38 points to close at 220.63.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Jamaica Public Service 7%, which climbed $7.35 to $56.35 and Productive Business Solutions 9.75%, preference share declined 50 cents and ended at $91.
At the close, investors exchanged 41,191,210 shares in all three markets up from 30,498,415 shares on Monday. The value of stocks trading in the Junior and Main markets was $645 million, up from $95.3 million on Monday. Trading on the JSE USD market resulted in investors exchanging 934,268 shares for US$32,448 compared to 764,260 units at US$20,272 on Monday.
The market’s PE ratio ended at 18.3 on 2022-23 earnings and 12.3 times those for 2023-24 at the close of trading.
Investors need pertinent information to navigate numerous investment options in the local stock market successfully. 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 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 and 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 paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume about the highest bid and the lowest offer for each company.
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.