Mixed trading for Jamaica Stock Exchange

Junior and JSE USD Market stocks rose moderately but Main Market stocks push to the Jamaica Stock Exchange main indices down at the close on Wednesday after investors pumped far less money into stocks by the close of trading ended with the volume and value of stocks traded, declining from Tuesday’s levels.  
At the close, the JSE Combined Market Index fell 1,691.96 points to close at 340,211.46, the All Jamaican Composite Index dropped 2,254.10 points to 363,298.68, the JSE Main Index declined 1,843.86 points to end at 326,202.92, the Junior Market Index climbed 3.11 points to 3,915.47 and the JSE USD Market Index rose 2.49 points to end at 250.51.
Trading of Preference shares ended with the only notable price change being Jamaica Public Service 7% preference share which fell $9.18 to $52.02.
At the close, investors exchanged 18,797,388 shares, in all three markets, compared with 25,471,611 stocks on Tuesday. The value of stocks trading in the Junior and Main Markets was $119.29 million, down from $192.9 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 88,156 shares for US$3,695, down from 329,260 units at US$12,513 on Tuesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.1 on 2022-23 earnings and 12.2 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.