Sharp jump for JSE USD Market as market volume drops

The JSE US dollar market surged in trading on Tuesday, with the market index jumping 8.6 percent for the day, while the main Market recorded gains thus reversing Monday’s loss but the Junior Market took another hit to close out the day with volumes down from Monday’s levels.
 An overall volume of 17,649,259 shares changed hands in all three markets, down from 84,781,563 units on Monday, valued at just $68.66 million, down sharply from $356.5 million on the previous day. Trading on the JSE USD market resulted in investors exchanging the shares traded for US$7,847 compared to US$6,710 on Monday.
The JSE Combined Market Index fell 1,038.47 points to 349,430.40 the All Jamaican Composite Index gained 2,011.35 points to settle at 381,415.78, the JSE Main Index gained 1,590.42 points to end at 336,737.30, the Junior Market dropped 47.70 points to end at 3,846.78 and the market dipped 19.91 points to end at 250.48.
The market’s PE ratio ended at 20.4 based on 2021-22 earnings and 13.1 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 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.