Retreat for all JSE Markets

All three markets of the Jamaica Stock Exchange pulled back on Thursday following a drop in the value and volume of stocks traded compared with Wednesday’s levels.  
At the close, the JSE Combined Market Index dropped 3,151.37 points to close trading at 333,982.14, the All Jamaican Composite Index fell 1,860.37 points to 355,008.73, the JSE Main Index dived 3,329.09 points to end at 320,306.69, the Junior Market Index shed 4.93 points to settle at 3,835.97, while the JSE USD Market Index slipped 1.20 points to end at 240.16.
Trading of Preference shares ended, with Eppley 7.75% preference share falling $1.85 to close at $18.20, Jamaica Public Service 7% declining $5 to $50 units and Jamaica Public Service 9.5% diving $249.99 to end at $2,800.01.
At the close, investors traded 14,063,900 shares in all three markets, down from 14,291,744 stocks on Wednesday. The value of stocks traded on the Junior and Main markets ended at just $47.66 million, down from $100.88 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 389,899 shares for US$37,298 up from 45,555 units at US$14,460 on Wednesday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 16.8 on 2022-23 earnings and 11.7 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange. It shows companies grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
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 place them 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 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.