Recently listed Dolla Financial hit a low of $2.63 on Tuesday and bounced 19 cents to close at $2.92 after trading 9 million shares for 50 percent of Junior Market trading as the stock continued to trade above the average volume for Junior Market stocks.
The market closed with the JSE Combined Index losing 1,287.19 points to close at 395,424.25, while the All Jamaican Composite Index lost 883.90 points to end at 436,934.47, the JSE Main Index shed 816.45 points to 381,708.79, the Junior Market index lost 58.21 points in closing at 4,283.98 and the JSE USD market index gained 0.71 points to close at 218.70.
Investors exchanged 28,265,023 shares in all markets, with the value of stocks traded in the Main and Junior Markets ending at $244 million and in the JSE USD market, US$75,902.
The market’s PE ratio ended at 23.5 based on 2021-22 earnings and 13.1 times those for 2022-23 at the close of trading.
Investors need measures and pertinent information to navigate many investment choices in the local stock market successfully. 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 take emotions out of the investment decision 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 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 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.
Stocks pull down Jamaica Stock Market
June 28, 2022 by
