Slippage for all JSE markets

All three of the Jamaica Stock Exchange markets slipped at the close of trading on Monday but signs are emerging that the markets may have bottomed out with a number of the stocks moving up to new price ranges as supplies start to recede quietly, with the volume and value of stocks traded declining form Friday’s levels.
At the close, the market ended with an exchange of 15,864,894 shares in all three markets, down from 20,017,866 units, with a value of $140 million, compared with $161.1 million previously traded. Trading on the JSE USD market resulted in investors exchanging shares for US$8,035 compared to US$9,368 on Friday.
The JSE Combined Market Index fell 2,073.61 points to 347,156.10, the All Jamaican Composite Index declined 3,144.18 points to 379,313.93, the JSE Main Index lost 1,878.30 points to end at 334,187.08, the Junior Market Index dipped 34.86 points to 3,857. 70 and the JSE USD Market Index dipped 1.93 points to end at 230.57.
The market’s PE ratio ended at 19.5 based on 2021-22 earnings and 12.6 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.