Stocks fall in all JSE Markets on Monday

Trading picked up on the Jamaica Stock Exchange on Monday, but all three markets slipped with the overall trading volume and value rose above Friday’s depressed levels, with Pan Jamaica gaining $4.74, Scotia Group rising $1.70 following release of full year results of $5.54 per share after profit jumped 67 percent for the year and Seprod popped $1.40, but falling Main Market stocks overpowered winners, with NCB Financial falling by $2, Supreme Ventures with a drop of $1.60, Caribbean Cement down $1.50, Kingston Wharves fell by $1.49, Jamaica Broilers ended with a loss of $1.38, Sagicor Group closed with a $1.00 fall and Jamaica Producers down $1.
At the close of trading, the JSE Combined Market Index dropped 1,725.71 points to 323,479.11, the All Jamaican Composite Index declined 711.18 points to close at 346,161.36, the JSE Main Index dropped 1,549.88 points to close at 10,649.71. The Junior Market Index dipped 31.09 points to finish at 3,669.67 and the JSE USD Market Index shed 6.78 points to end at 223.83.
Investors traded 14,395,216 shares, in all three markets, up from 10,953,060 units on Friday. The value of stocks traded on the Junior and Main markets amounts to $104.42 million up from $31.8 million on Friday. The JSE USD market closed after a mere 3,759 shares were traded, for just US$430 compared to 57,458 units at US$3,210 on Friday.
In the preference segment, no stocks traded with notable price movements.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.9 on 2022-23 earnings and 13.6 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.