More slippage for Jamaican stocks

Slippage continued on Jamaica Stock Exchange on Tuesday, with moderate declines in the market indices even as the volume and value of stocks traded climbed sharply over Monday’s levels.
At the close of trading, 67,658,020 shares were exchanged in all three markets, up from 16,783,924 units, with a value of $158.8 million, in contrast to $93.3 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 223,523 shares for US$16,568 compared to 11,094 units at US$1,234 on Monday.
The JSE Combined Market Index dropped 1,566.63 points to 334,151.90, the All Jamaican Composite Index dipped 1,777.23 points to 362,932.88, the JSE Main Index fell 1,543.61 points to close at 321,896.20, the Junior Market declined 13.86 points to end at 3,690.44 and the JSE USD Market Index lost 0.06 points to close at 194.83.
The market’s PE ratio ended at 18.6 based on 2021-22 earnings and 12.1 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.