Junior & USD market rise Main Market falls

The JSE USD the Junior Markets recorded gains at the close of trading on the Jamaica Stock Exchange on Wednesday but the Main Market declined after trading closed with an increase in the volume and value of stocks changing hands compared to trading on Tuesday.
Trading ended after the JSE Combined Market Index shed 2,960.06 points to end at 343,284.33, the All Jamaican Composite Index declined 2,286.40 points to 369,887.60, the JSE Main Index dropped 3,351.63 points to close at 331,310.13, while the Junior Market Index rose 18.27 points to 3,730.55 and the JSE USD Market Index rallied 2.43 points to 243.07.
In the preference segment of the Main Market that is not reflected in the TOP10 graphs 138 SLVR fell $3.08 to $74 and JPS 7 percent rose $4.65 to $35.65.
At the close, investors exchanged 31,232,072 shares in all three markets, up from 14,512,825 units on Tuesday, with the value of stocks trading amounting to $141.76 million up from $89.69 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 1,049,056 shares for US$18,330, up from 69,500 units at US$4,092 on Tuesday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.4 times those for 2023-24 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 that are 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.