Soft market continues for JSE on Monday

All three Jamaica Stock Exchange markets pulled back on the second trading day in December as the markets remained soft with a slightly higher volume with a marginally lower value than on Friday as the markets continued to consolidate around current levels.
At the close of trading, the JSE Combined Market Index lost 879.86 points to close at 328,071.5, the All Jamaican Composite Index slipped 650.28 points to end at 350,725.12, the JSE Main Index skidded 526.46 points to settle at 315,142.54. The Junior Market Index dropped 44.12 points to end trading at 3,712.92 on Monday and the JSE USD Market Index lost 2.72 points to settle at 224.13.
Investors traded 12,196,470 shares, in all three markets, up from 11,233,174 units on Friday. The value of stocks traded on the Junior and Main markets was $40.13 million up from $43.75 million on Friday. The JSE USD market closed after 89,619 shares were traded, for US$7,899 compared to 37,877 units at US$2,504 on Friday.
In the preference segment, 138 Student Living preference share declined $17 to close at $90.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2022-23 earnings and 13.8 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, 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 quickly assess the value of stocks based on this measure. 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.