Junior Market rises JSE USD market plunged

The Junior Market recovered some of Monday’s loss and the Main Market slipped modestly but the JSE USD market dropped sharply at the close of Tuesday’s market activity after the volume and value of stocks trading on the market dropped sharply from that on Monday.
Trading ended with the JSE Combined Market Index dropping a mere 40.64 points to 343,082.25, the All Jamaican Composite Index declining 494.93 points to end at 371,255.18, the JSE Main Index dipping 390.22 points to settle at 331,377.07, while the Junior Market gained 34.69, to close at 3,701.20 and the JSE USD Market Index slipped 19.77 points to end at 209.90.   
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $30.99 to $98 and PBS 9.75% jumped $16.05 to $107.
At the close, investors exchanged 13,602,402 shares in all three markets, compared with 30,620,034 units on Monday, with the value of trading on Monday amounting to just $36.96 million, down sharply from $137.2 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 303,705 shares for US$18,904 down from 929,408 units at US$15,231 on Monday.
The market’s PE ratio ended at 18.5 on 2021-22 earnings and 12.1 times those for 2022-23 at the close of trading.
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 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers 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.