Juniors rise Majors fall on Jamaica Stock Exchange

Trading pulled back from Wednesday’s heightened levels but the value remained elevated above recent norms on the Jamaica Stock Exchange and ended with the Junior Market recovering some lost more of Tuesday’s losses but the JSE US dollar Market index slipped moderately while the Main Market declined.  
At the close, the JSE Combined Market Index lost 2,288.84 points to close at 337,811.17, the All Jamaican Composite Index dropped 3,625.62 points to finish at 356,569.64, the JSE Main Index declined 2,566.81 points to end trading at 323,526.73, the Junior Market Index rose 11.60 points to close at 3,926.05 while the JSE USD Market Index slipped 0.47 points to close at 242.26.
Preference share trading ended with only one notable price change, with Jamaica Public Service 7% shedding $1 to end at $54.
At the close, investors dealt in 22,726,982 shares, in all three markets, down from 157,667,269 stocks on Wednesday. The value of stocks traded in the Junior and Main Markets ended at $305.8 million, up from $630 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 1,054,854 shares for US$35,623 , compared with 229,429 units at US$20,421 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 17.6 on 2022-23 earnings and 11.7 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. It 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.