Sharp drop for Junior Market

Junior Market pulled back on Wednesday with the market index plunging 73.38 points to 4,327.00 with a pullback in prices of several stocks, with the Junior Market fall spilling over into the JSE Combined Index fell 310.14 points to end at 395,416.26.
Trading ended on the Jamaica Stock Exchange on Wednesday with 24,248,164 shares trading in the overall market, with a value of just $93.8 million, while the JSE USD market ended with US$6,586, following market consolidation.
At the close, the All Jamaican Composite Index rose 495.67 points to 436,241.57, the JSE Main Index added 374.05 points to close at 381,286.00 and the JSE USD market Index inched 0.41 points lower to 212.27.
The market’s PE ratio ended at 23.4 based on 2021-22 earnings and 12.7 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate 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 decision-making.
Investors should use the chart to help make rational investment decisions by 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 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.