Juniors rise as others fall

The Junior Market of the Jamaica Stock Exchange closed over the 3,800 mark for the first time since March 13, but the other markets declined at the close of trading on Wednesday, with the volume of stocks trading declining as the value rose moderately above Tuesday’s level.
At the close of trading, the JSE Combined Market Index fell 2,224.20 points to 346,165.48, the All Jamaican Composite Index declined 2,652.86 points to close at 368,523.48, the JSE Main Index shed  2,552.97 points to close at 333,631.41, the Junior Market Index rose 17.25 points to end at 3,808.69 and the JSE USD Market Index dipped 11.81 points to close at 229.59.
The preference share that is not in the Main Market TOP10 graphs is Jamaica Public Service 7% which rallied $11.88 in closing at $78.60.
At the close, investors exchanged 9,796,640 shares in all three markets, down from 12,241,458 units on Tuesday, with the value of stocks trading amounting to $58.16 million, down from $56 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 757,348 shares for US$10,500 compared to 26,137 units at US$3,700 on Tuesday.
The market’s PE ratio ended at 18.4 on 2022-23 earnings and 11.3 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 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.
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.