Stocks slip on the Jamaica Stock Exchange

Stocks pulled back in trading on the Jamaica Stock Exchange on Thursday after posting gains in the early morning session and ended trading, with the Combined Index fell 1638.68 points to end at 401120.41, the All Jamaican Composite Index dropped 2,053.46 points to 443,283.20 and the JSE Main Index fell 1,576.68 points to end at 390,834.72.
The Junior Market slipped 18.33 points to close at 3,965.57, the first decline since the recent rebound started last Friday.
The market’s PE ratio ended at 17.7 based on 2021-22 earnings and 11.7 times those for 2022-23 at the close of market activity on the Jamaica Stock Exchange.
Investors need a series of measures and pertinent information to successfully navigate the many investment choices in the local stock market. The ICInsider.com PE ratio chart along with the more detailed daily report charts, provide investors with regularly updated information to help with decision making.
Investors should make use of the chart to help make rational investment decisions, by investing in stocks that are close to the average for the sector and not going too far from it, unless there are compelling reasons to do so. 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.  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.
The ICInsider.com PE Ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and shows companies grouped on an industry basis, allowing for easy comparisons between same sector companies as well as the overall market.
The net asset value of each company is reported as a guide to easily 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 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.