NCB pushes trading on JSE

The Jamaica stock market failed to hold on to Monday’s gains as the Junior Market had a big fall, while the Main Market slipped but the JSE USD Market jumped sharply as trading picked up considerably compared with that on Monday with NCB Financial swelling trading with 16.05 million shares, with a value of $1.06 billion.
At the close, the JSE Combined Market Index fell 958.7points to 342,581.56, the All Jamaican Composite Index rose 772.25 points to end at  365,190.94, the JSE Main Index shed 518.40 points to settle at 328,855.37, the Junior Market Index dropped 51.89 points to settle at 3,904.02, while the JSE USD Market Index jumped 1.07 points to finish at 241.37.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are
Eppley 7.75% preference share advanced $1.02 to $20.02, Jamaica Public Service 7% declined $6.96 to $39.43, JMMB Group 7.25% preference share dipped 53 cents to $3.53 and 138 Student Living preference share shed $6.20 in closing at $74.80.
At the close, investors exchanged 41,956,342 shares in all three markets, up from 22,226,900 stocks on Monday. The value of stocks trading in the Junior and Main markets was $1.18 billion, up from $158.6 million on Monday. Trading on the JSE USD market resulted in investors exchanging 183,070 shares for US$17,969 compared to 261,038 units at US$25,992 on Monday.
The market’s PE ratio ended at 18.5 on 2022-23 earnings and 12.5 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.