Mixed JSE trading on Friday

Trading was mixed on Friday on the Jamaica Stock Exchange, with the volume and value of stocks traded rising compared to Thursday helped by the newly listed Image Plus Consultants on the Junior market.
Trading ended, with an exchange of 30,350,965 shares compared to 24,723,664 units on Thursday, with newly listed Image Plus contributing 12.4 million of Friday’s volume, and $26.4 million to the value of trading of $178.7 million compared to $62.7 million on the previous day. Trading on the JSE USD market resulted in investors exchanging US$81,708 versus US$23,978 on Thursday.
At the close, the Combined Market Index dropped 79.20 points to end at 354,517.71, the All Jamaican Composite Index dipped 921.76 points to 386,062.55, the JSE Main Index declined 214.32 points to settle at 340,731.16, the Junior Market popped 30.02 points to settle at 3,993.91 and the JSE US dollar market lost 0.89 points to close at 218.24.
The market’s PE ratio ended at 23 based on 2021-22 earnings and 13.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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 investment decisions by 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. It 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 show the closing volume for the bids and offers.
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.