More declines for Jamaican stocks

The bearish sentiment continued on the Jamaica Stock Exchange Main Market and Junior Market on Thursday but the USD market inched just higher at the close with the volume and value of stocks traded rising compared with Wednesday helped by a big climb in JSE USD Market trading.  
At the close of trading, 43,111,953 shares were exchanged in all three markets, up from 24,794,436 units, with a value of $101.4 million, in contrast to $63.6 million on the previous trading day. Trading on the JSE USD market ended with investors exchanging 21,983,490 shares for US$1.63 million versus just 193,894 units at US$13,133 on Wednesday.
The JSE Combined Market Index dropped 2,830.79 points to close at 332,572.91, while the All Jamaican Composite Index dived 3,601.74 points to 362,231.27, the JSE Main Index shed 2,550.95 points to close at 321,157.86, the Junior Market fell 48.88 points to end at 3,594.67 and the JSE USD Market Index rose 1.22 points in closing at 217.36.
The market’s PE ratio ended at 17.9 based on 2021-22 earnings and 11.6 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 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. 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 also show the closing volume pertaining to the bids and offers 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.