Moderate changes to JSE markets

The Main Market and Junior Market of the Jamaica Stock Exchange rose moderately on Wednesday but with reduced volume and value of stocks traded but the JSE USD Index declined even as the volume and value in that market rose over that on Tuesday.
Trading ended after the JSE Combined Market Index popped 114.63 points to close at 345,682.27. The All Jamaican Composite Index rose 178.41 points to 369,782.50, the JSE Main Index fell 54.13 points to 333,991.90 but the Junior Market Index rose 18.04 points to 3,719.15 and the JSE USD Market Index dipped 3.55 points to settle at 236.38.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Jamaica Public Service 7% shedding $5 in closing at $85.
At the close, investors exchanged 15,209,895 shares in all three markets, sharply down from 41,256,345 units on Tuesday, with the value of stocks trading amounting to $104.96 million up from $187.5 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 455,073 shares for US$31,454 up from 12,114 units at US$1,838 on Tuesday.
The market’s PE ratio ended at 17.2 on 2022-23 earnings and 11.5 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.