Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded rising 27 percent and the value 50 percent lower than on Friday, with 57 securities trading compared with 52 on Friday, with 23 rising, 21 declining and 13 ending unchanged.
A total of 8,771,432 shares were traded for $51,325,289 compared with 6,892,036 units at $103,552,949 on Friday.
Trading averaged 153,885 shares at $900,444 versus 132,539 shares at $1,991,403 on Friday and month to date, an average of 189,519 units at $1,502,668, compared with 196,959 units at $1,628,407 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 5.92 million shares for 67.5 percent of total volume followed by Wigton Windfarm with 975,333 units for 11.1 percent of the day’s trade and Sagicor Select Financial Fund with 256,166 units for 2.9 percent market share.
The All Jamaican Composite Index rose 1,758.93 points to finish at 348,317.02, the JSE Main Index rallied 1,026.11 points to finish at 316,012.07 and the JSE Financial Index gained 0.49 points to close at 69.85.
The Main Market ended trading with an average PE Ratio of 11.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Caribbean Cement dropped 86 cents in closing at $50.70 after 1,285 shares were traded, Caribbean Producers lost 54 cents to end at $9.70 with traders dealing in 8,693 stocks, Eppley Caribbean Property Fund declined $9 to a 52 weeks’ low of $30 with 25,521 stock units clearing the market. Jamaica Producers increased 50 cents to close at $19 in switching ownership of 12,705 units, Jamaica Stock Exchange dipped 45 cents and ended at $9.50 in trading 1,039 stock units, Kingston Wharves fell $2.64 to $27.11 after an exchange of 20,221 shares. NCB Financial advanced $3.38 in closing at $65.90 with 44,202 units changing hands, Pan Jamaica shed 96 cents to end at $49.50 with investors transferring 6,983 stocks, 
Proven Investments skidded 73 cents to close at $21.25 after an exchange of 34,647 units. Scotia Group gained $1 and ended at $33 while trading 126,271 stocks, Stanley Motta popped 84 cents to $6.07 as investors exchanged 3,000 shares. Supreme Ventures rose 45 cents in closing at $26 in an exchange of 112,905 stock units and Sygnus Real Estate Finance declined 44 cents and ended at $9.56 with shareholders swapping 979 units.
In the preference segment, Eppley 7.25% preference share rallied $1.30 to close at $19.95 as 100 shares passed through the market, Eppley 7.50% preference share climbed 40 cents to end at $6 after a transfer of 192 stocks, 
Jamaica Public Service 7% skidded $12 and ended at $40 with 246 stock units crossing the market and Productive Business Solutions 10.5 % preference share fell $169 to $1,046 after 25 shares crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market gains Juniors slip
The Main Market of the Jamaica Stock Exchange recorded gains in the Market Indices on Monday as the heavily weighted NCB Financial rose $3.38 and Scotia Group climbed $1 while the Junior Market and the US Dollar index dipped with the volume of stocks trading rising but with a lower value than Friday.
At close, the JSE Combined Market Index rallied 908.48 points to end at 330,310.41, while the All Jamaican Composite Index climbed 1,758.93 points to close at 348,317.02, the JSE Main Index advanced 1,026.11 points to end at 316,012.07, the Junior Market Index skidded 5.78 points to finish at 3,874.56 and the JSE USD Market Index fell 4.09 points to 243.85.
Investors traded 14,826,176 shares in all three markets, up from 11,222,892 units on Friday. The value of stocks traded on the Junior and Main markets amounted to $62.6 million, up from $110.53 million on Friday. On Friday, trading on the JSE USD market ended with investors exchanging 576,968 stock units for US$11,519 compared to 145,630 shares for US$4,064.
In the preference segment, Eppley 7.25% preference share rallied $1.30 to close at $19.95, Jamaica Public Service 7% skidded $12 and ended at $40 and Productive Business Solutions 10.5% preference share fell $169 to $1,046.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.8 on 2022-23 earnings and 10.9 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 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 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.
New ICTOP10 listings
Stocks pulled back this past week from the month end Induced rally of the prior week on the Jamaica Stock Exchange, resulting in two new additions to the ICTOP10 stock, with mostly declining stocks dominating the ICTOP10.
Coming into the Junior Market TOP10 are Paramount Trading, with the price dropping to an appealing $1.50 and Everything Fresh dipping to $1.55. Leaving the Junior Market TOP 10 are Dolphin Cove and Lasco Distributors with modest price changes for the week. There are no changes to the Main Market TOP10.
The Main Market closed the week with Caribbean Producers rising 4 percent to close at $10.24, but Guardian Holdings dropped 13 percent to close the week at $440, followed by a 6 percent fall in Key Insurance and Scotia Group to $2.31 and $32 respectively.
There were no gains of worth in the Junior Market but One on One Educational Services fell 12 percent to $1.01, Caribbean Assurance Brokers fell 6 percent to $3.19 and Caribbean Cream slipped 4 percent to $4.
At the end of the week, the average PE for the JSE Main Market TOP 10 stands at 4.9, well below the market average of 12.2. The Main Market TOP10 is projected to gain an average of 344 percent, by May 2024, based on 2023 forecasted earnings.
A total of 15 of the most highly valued stocks representing 23 percent of the Main Market are priced at a PE of 15 to 108, with an average of 32 and 21 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight valuations.
The PE of the Junior Market Top 10 sits at 5.7 just half of the market at 10.9. There are 11 stocks or 23 percent of the market, with PEs from 15 to 37, averaging 20 that are well above the market’s average. The top half of the market has an average PE of 15, possibly the lowest fair value for Junior Market stocks currently and is projected to rise by 268 percent by May 2024.
The divergence between the average PE of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
ICTOP10 focuses on likely yearly winners. The lists include some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
JSE Main Market fall
The Jamaica Stock Exchange Main Market closed lower on Friday, with the volume of stocks traded declining 6 percent, but with a value 77 percent more than on Thursday, following activity in 52 securities compared with 58 on Thursday and ended with prices of 19 rising, 24 declining and nine ending unchanged.
A total of 6,892,036 shares were traded for $103,552,949 compared with 7,238,507 units at $54,207,250 on Thursday.
Trading averaged 132,539 shares at $1,991,403 versus 124,802 shares at $934,608 on Thursday and month to date, an average of 196,959 units at $1,628,407 compared with 212,117 units at $1,542,996 and September with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 2.65 million shares for 39 percent of total volume followed by Jamaica Broilers with 1.73 million units for 25.5 percent of the day’s trade and Wigton Windfarm with 746,160 units for 11 percent market share.
The All Jamaican Composite Index dropped 613.07 points to end at 346,558.09, the JSE Main Index dropped 1,281.78 points to settle at 314,985.96 and the JSE Financial Index rallied 0.17 points to 69.36.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Barita Investments dropped 99 cents and ended at $74 with traders dealing in 10,706 shares, Caribbean Cement fell $1.24 to $51.56 while exchanging 52,867 stock units, General Accident climbed 87 cents in closing at $5.87 after an exchange of a mere 268 stocks, GraceKennedy dipped $3.49 to end at $72.01 with shareholders swapping 160,606 units. 
Jamaica Broilers popped $1.50 to close at $34 in an exchange of 1,729,298 stocks, Jamaica Stock Exchange increased 55 cents in closing at $9.95 after 32,907 shares passed through the market, JMMB Group shed 49 cents and ended at $28 as investors exchanged 9,328 stock units, Kingston Properties rose 45 cents to end at $7.10 after trading 1,731 units. Kingston Wharves declined $1.55 to $29.75 after exchanging 5,377 shares, Massy Holdings skidded $2 to close at $98 in switching ownership of 58,267 units, Mayberry Investments fell 39 cents to close at $7.04 with 147 stocks clearing the market, NCB Financial rallied $1.45 and ended at $62.52, with 9,987 stock units crossing the market. Sagicor Group skidded 50 cents to $44.50 with 20,674 stock units changing hands, Scotia Group declined $1.84 in closing at $32 in an exchange of 114,599 shares, Seprod dipped $7.94 to end at $65.51 with an exchange of 8,224 units, Supreme Ventures lost 44 cents in closing at $25.55 with investors dealing in 29,929 stocks and Wisynco Group advanced 39 cents to close at $18 closed after 102,755 stock units were traded.
In the preference segment, Eppley 7.50% preference share fell 40 cents to end at $5.60 with a transfer of 56 units, Jamaica Public Service 7% gained $4.68 to close at $52 in trading 36 shares, 138 Student Living preference share dropped $28.85 and ended at $85, with 50 stocks crossing the market and Productive Business Solutions 9.75% preference share climbed $2 and ended at $100 with stakeholders exchanging 350 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors rise JSE USD and Main markets slip
The Main Market of the Jamaica Stock Exchange declined and the Junior Market rose on Friday, while the US Dollar index dipped as trading activity picked up with the volume of stocks trading falling from Thursday but with a higher value.
At close, the JSE Combined Market Index dipped 1,046.10 points to close trading at 329,401.93, the All Jamaican Composite Index fell 613.07 points to end at 346,558.09, the JSE Main Index shed 1,281.78 points to 314,985.96, the Junior Market Index popped 17.15 points to finish at 3,880.34 and the JSE USD Market Index fell 0.78 points to 247.94.
At the close, investors traded 11,222,892 shares in all three markets, down from 15,326,745 stock units on Thursday. The value of stocks traded on the Junior and Main markets amounted to $110.53 million, up from $70.27 million on Thursday. Trading on the JSE USD market ended with investors exchanging 145,630 stock units for US$4,064 compared with 526,142 shares for US$16,546 on Thursday.
In the preference segment, Jamaica Public Service 7% gained $4.68 to $52, 138 Student Living preference share dropped $28.85 and ended at $85 and Productive Business Solutions 9.75% preference share climbed $2 and ended at $100.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 11 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 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 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.
Sharp drop for JSE Main Market
Trading ended with a second consecutive day of a sharp decline in the JSE Main Market index on Thursday, and the third day of a sharp decline since the start of October as all of a near 7,000 points rally on the final day of September has been wiped out with a fall of just under 11,000 points for October to date with trading in 58 securities compared with 52 on Wednesday, resulting in prices of 15 stocks rising, 25 declining and 18 ending unchanged.
The volume of stocks traded declined 66 percent and the value 64 percent lower than on Wednesday, with a total of 7,238,507 shares changing hands for $54,207,250 versus 21,242,982 units at $150,463,331 on Wednesday. There was trading in VM Financial Group 2026A traded 1,000,000 units at $100.27.
Trading averaged 124,802 shares at $934,608 versus 408,519 shares at $2,893,526 on Wednesday and month to date, an average of 212,117 units at $1,542,996, compared with 243,186 units at $1,759,478 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 3.63 million shares for 50.2 percent of total volume followed by JMMB Group 7.35% – 2028 with 938,987 units for 13 percent of the day’s trade and Wigton Windfarm with 695,706 units for 9.6 percent market share.
The All Jamaican Composite Index dropped a hefty 4,288.27 points to close at 347,171.16, the JSE Main Index dived 4,681.02 points to close at 316,267.74 and the JSE Financial Index dipped 1.87 points to close at 69.19.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending by August 2024.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement dipped 94 cents in closing at $52.80 as 8,742 shares passed through the market, Eppley Caribbean Property Fund gained $1.80 to end at $39 in an exchange of 300 stock units, First Rock Real Estate rose 64 cents and ended at $8.64 as investors exchanged 110 units, Guardian Holdings shed $60 to close at $440 in switching ownership of 1,367 stocks. Jamaica Broilers fell $1.37 to $32.50 after an exchange of 3,380 stock units, 
Jamaica Producers skidded 90 cents in closing at $18.70 after trading 25,958 shares, Jamaica Stock Exchange declined 50 cents to end at $9.40 in trading 41,071 units, JMMB Group rallied 99 cents to close at $28.49 while exchanging 72,618 stocks. Kingston Wharves popped $1.30 and ended at $31.30 after trading 1,859 stock units, NCB Financial lost $3.44 to $61.07, with 69,894 shares crossing the exchange, Pan Jamaica dropped $1.15 to $50.35 with an exchange of 4,858 units. Proven Investments increased $1.83 to end at $21.98 with traders dealing in 17,729 stocks, Seprod dipped 73 cents to close at $73.45 after a transfer of 14,380 shares and Wisynco Group fell 84 cents in closing at $17.61 with investors transferring 161,658 stock units.
In the preference segment, Jamaica Public Service 7% climbed $6.17 to $47.32 with shareholders swapping 6 units, JMMB Group 7.35% – 2028 skidded 45 cents to close at $2.55, with 938,987 stocks changing hands and 138 Student Living preference share shed $6.47 and ended at $113.85 with a transfer of 29 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors bounce JSE USD and Main markets drop
The Main Market of the Jamaica Stock Exchange followed Junior Market trading on Wednesday, with a sharp fall on Thursday but the Junior Market made a partial recovery on Thursday while the US Dollar index dropped as trading activity fell with the volume and value of stocks trading fell sharply from Wednesday’s levels.
At close, the JSE Combined Market Index dropped 3,987.82 points to end at 330,448.03, while the All Jamaican Composite Index dived 4,288.27 points to settle at 347,171.16, the JSE Main Index plunged 4,681.02 points to close trading at 316,267.74, the Junior Market Index rallied 43.90 points to finish at 3,863.19 and the JSE USD Market Index fell 5.33 points to 248.72.
Overall, investors traded 15,326,745 shares in all three markets, down from 30,360,616 stock units on Wednesday. The value of stocks traded on the Junior and Main markets amounted to $70.27 million, up from $170.57 million on Wednesday. Trading on the JSE USD market ended with investors exchanging 526,142 stock units for US$16546 compared with 268,786 shares for US$4,988 on Wednesday.
In the preference segment, Jamaica Public Service 7% climbed $6.17 to $47.32 and 138 Student Living preference share shed $6.47 and ended at $113.85.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.3 on 2022-23 earnings and 11.1 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 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 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.
Trading jumped on the JSE Main Market
Trading jumped on the Jamaica Stock Exchange Main Market on Wednesday, with the volume of stocks traded rising 163 percent and the value 209 percent more than on Tuesday, with 52 securities trading compared with 54 on Tuesday, with 18 rising, 21 declining and 13 ending unchanged.
A total of 21,242,982 shares were traded for $150,463,331 up from 8,077,700 units at $48,668,636 on Tuesday.
Trading averaged 408,519 shares at $2,893,526 compared with 149,587 shares at $901,271 on Tuesday and month to date, an average of 243,186 units at $1,759,478, compared with 165,733 units at $1,228,213 on the previous day. September closed with an average of 218,512 units at $1,768,691.
Carreras led trading with 12.74 million shares for 60 percent of total volume followed by Transjamaican Highway with 3.84 million units for 18.1 percent of the day’s trade with the stock hitting a record close of $2.87, Wigton Windfarm ended with 1.40 million units for 6.6 percent market share and Sagicor Select Financial Fund with 1.11 million units for 5.2 percent of the total volume.
The All Jamaican Composite Index lost 1,589.24 points to end at 351,459.43, the JSE Main Index shed 2,331.49 points to settle at 320,948.76 and the JSE Financial Index slipped 0.93 points to settle at 71.06.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments skidded 34 cents to end at $75.10 and closed with and exchange of 50,951 shares, Caribbean Producers dropped 42 cents to close at $10.28 while exchanging 4,161 units, First Rock Real Estate gained 30 cents and ended at $8 with 31 stock units changing hands, General Accident fell 74 cents to $5.25 trading 44,463 stocks. 
GraceKennedy rallied 50 cents in closing at $75.50 in switching ownership of 23,408 stocks, Jamaica Stock Exchange rose 30 cents in closing at $9.90, with 16,015 stock units clearing the market, Kingston Properties advanced 37 cents to end at $6.77 after an exchange of 89 units, Kingston Wharves climbed 41 cents to $30, with 1,868 shares crossing the market. Mayberry Investments rose 43 cents and ended at $7.43 after exchanging 63,649 stocks, NCB Financial lost $2.99 to close at $64.51 as investors exchanged 13,632 stock units, Proven Investments declined 36 cents to close at $20.15 after a transfer of 3,389 units, Salada Foods popped 35 cents and ended at $3 with shareholders swapping 9,800 shares. Scotia Group rallied 44 cents to end at $33.94 in trading 81,862 units, Seprod popped $4.18 in closing at $74.18 with an exchange of 1,233 stock units and Wisynco Group increased $1.12 to $18.45 in an exchange of 345,315 stocks.
In the preference segment, Eppley 7.50% preference share climbed 42 cents to $6.01 with investors dealing in 473 shares, 138 Student Living preference share advanced $15.32 and ended at $120.32 one share changing hands and Productive Business Solutions 9.75% preference share shed $2 to close at $98 with a transfer of 69 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs prices fall on Jamaica Stock Exchange
Stocks lost ground at the close of the Jamaica Stock Exchange on Wednesday, with the Junior Market index plunging sharply, while the Main Market index declined moderately compared to the close on Tuesday and the US Dollar index slipped moderately.
At close, the JSE Combined Market Index dropped 2,887.66 points to end at 334,435.85, the All Jamaican Composite Index dived 1,589.24 points to end at 351,459.43, the JSE Main Index fell 2,331.49 points to 320,948.76, the Junior Market Index dropped 79.03 points to end trading at 3,819.29 and the JSE USD Market Index declined by 1.83 points to end at 254.05.
At the close, investors exchanged 30,360,616 shares in all three markets, up from 15,733,452 stock units on Tuesday. The value of stocks traded on the Junior and Main markets amounted to $170.57 million, up from $63.47 million on Tuesday. Trading on the JSE USD market ended with investors exchanging 268,786 stock units for US$4,988 compared with 252,693 shares for US$10,412 on Tuesday.
In the preference segment, 138 Student Living preference share advanced $15.32 and ended at $120.32 and Productive Business Solutions 9.75% preference share shed $2 to close at $98.
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 11 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 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 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.
Declining stocks dominate Main Market
Declining stocks had the upper hand over rising ones three to one at the close of trading on the Jamaica Stock Exchange Main Market on Tuesday, following a 22 percent fall in the volume of stocks traded and a 44 percent lower value than Monday, with 54 securities trading compared with 57 on Monday, resulting in prices of just 11 stocks rising, 32 declining and 11 ending unchanged.
A total of 8,077,700 shares were traded for $48,668,636 compared with 10,318,659 units at $87,662,978 on Monday.
Trading averaged 149,587 shares at $901,271 down from 181,029 shares at $1,537,947 on Monday and month to date, an average of 165,733 units at $1,228,213, compared to September with an average of 218,512 units at $1,768,691.
Transjamaican Highway led trading with 4.05 million shares for 50.1 percent of total volume followed by Wigton Windfarm with 1.37 million units for 17 percent of the day’s trade and Carreras with 1.20 million units for 14.9 percent of market share.
The All Jamaican Composite Index popped 825.44 points to 353,048.67, the JSE Main Index skidded 791.70 points to conclude trading at 323,280.25 and the JSE Financial Index popped 0.11 points to 71.99.
The Main Market ended trading with an average PE Ratio of 12.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Barita Investments dropped $1.06 and ended at $75.44 after exchanging 98,586 shares, Caribbean Producers popped 41 cents to $10.70 with an exchange of 16,113 stock units, Eppley advanced $2.90 in closing at $34.90 after an exchange of 492 units, Eppley Caribbean Property Fund dipped $1.80 to close at $37.20, with 106 stocks crossing the market. First Rock Real Estate declined 94 cents to end at $7.70 with investors dealing in 1,009 shares, GraceKennedy rallied $1 in closing at $75, with 7,293 stock units changing hands, Guardian Holdings lost $10 to close at $500 while exchanging 30 units, Jamaica Producers shed 39 cents to end at $19.60 in an exchange of 8,766 stocks. 
Jamaica Stock Exchange increased 60 cents to close at $9.60 after 7,627 units passed through the market, JMMB Group fell $2.26 and ended at $27.30 in an exchange of 50,094 shares, Kingston Properties skidded $1.10 in closing at $6.40 in trading 150,600 stock units, Kingston Wharves dropped 41 cents to $29.59 with a transfer of 4,588 stocks. Massy Holdings skidded $2.80 to close at $100.10 after a transfer of 5,247 units, NCB Financial dipped 99 cents and ended at $67.50 with shareholders swapping 10,276 shares, Proven Investments fell $1.46 to end at $20.51, with 3,082 stocks crossing the exchange, Sagicor Group shed $2 and ended at $45 in switching ownership of 166,783 stock units. Salada Foods declined 39 cents in closing at $2.65 after trading 400 stocks, Seprod lost $4.50 to end at $70 with investors transferring 7,249 stock units, Stanley Motta shed $1.05 to close at $5.30 with 826 shares clearing the market and Wisynco Group skidded 67 cents to end at $17.33 after 29,314 units crossed the market.
In the preference segment, Eppley 7.50% preference share dipped 58 cents to end at $5.59 with traders dealing in 116 stocks and Jamaica Public Service 7% declined $7.25 to $41.15 and closed with 400 shares being traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
