Trading on the Jamaica Stock Exchange on Monday ended with more declines in Main and Junior markets, with a marginal increase in the JSE USD market, with the JSE Combined Index slipping 1,350.76 points rally to close at 396,879.03.
The All Jamaican Composite Index shed just 44.74 points to 440,164.82, the JSE Main Index fell 1,246.97 points to close at 385,283.93, the Junior Market index slipped 20.65 points to 4,073.21 and the SE USD market index added a mere 0.09 points to close at 220.48.
Investors exchanged 18,885,506 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to $499.50 million and in the JSE USD market, US$4,111.
The market’s PE ratio ended at 23.9 based on 2021-22 earnings and 12.9 times those for 2022-23 at the close of trading.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices 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 with decision-making.
Investors should use the chart to help make rational investment decisions by investing in stocks that are 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 take emotions out of the investment decision 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 listed 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.