The Junior Market of the Jamaica Stock Exchange declined for a second day on Wednesday, after a 34 percent decline in the volume of stocks traded carrying a value 40 percent lower than on Tuesday with 46 securities trading compared with 43 on Tuesday and ended with 18 rising, 22 declining and six closing unchanged.
Investors traded 4,913,726 shares for $11,171,881 versus 7,417,293 units at $18,473,506 on Tuesday.
Trading averaged 106,820 shares at $242,867, compared to 172,495 shares at $429,616 on Tuesday with the month to date, averaging 134,717 units at $330,495 compared with 149,813 stock units at $377,917 on the previous day. The average for April ended with 266,661 units at $2,583,503.
Image Plus Consultants led trading with 1.85 million shares for 37.6 percent of the total volume followed by ONE on ONE Educational with 377,273 units for 7.7 percent of the day’s trade and Regency Petroleum with 347,374 units for 7.1 percent market share.
At the close, the Junior Market Index lost 17.40 points to end at 3,734.42.
The PE Ratio, a measure of computing appropriate stock values, averages 11.4. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial popped 8 cents to close at $25.98, with just 9 shares crossing the market, CAC 2000 declined 9 cents in ending at $8 after 1,021 units were trade, Caribbean Cream increased 17 cents to $3.47, with a mere 3 stock units being traded, Consolidated Bakeries climbed 19 cents to $2.39 while exchanging 5,500 stocks, Dolphin Cove rallied 34 cents to end at $15.30, with 1,739 units clearing the market, EduFocal dipped 9 cents to close at $1.96 in an exchange of 120,100 shares, Everything Fresh shed 19 cents to end at $1.49 after exchanging 9,395 stock units, Fontana gained 10 cents in ending at $8.50 with investors transferring 7,327 stocks,
Fosrich rose 8 cents in closing at $2.58 with the swapping of 267,502 shares, General Accident fell 7 cents to $4.93 as investors exchanged 10,000 units, iCreate lost 18 cents to end at $1.41 in switching ownership of 78,701 stocks, ISP Finance dropped $2.85 to $19.65 after a transfer of 20 stock units, Jamaican Teas shed 13 cents in closing at $2.07 as 175,155 shares passed through the market, Jetcon Corporation declined 12 cents to $1.07 in an exchange of 147,542 stock units, JFP Ltd lost 7 cents and ended at $1.82, as 12,550 units crossed the exchange, KLE Group dipped 42 cents to $1.60 with a transfer of 246 stocks, Lasco Distributors rallied 24 cents to end at $2.72, with 101,411 stock units crossing the exchange, Limners and Bards increased 28 cents in closing at $2.50 after an exchange of 200 units, Lumber Depot dropped 6 cents to close at $2.33 with 23,001 stocks changing hands, Medical Disposables fell 99 cents to $5.01 after an exchange of 600 shares, 
MFS Capital Partners declined 10 cents to close at $3.50 in trading 290,827 shares, Paramount Trading shed 24 cents in closing at $2.08 in an exchange of 103,000 stocks and Regency Petroleum climbed 7 cents and ended at $2.57 after 347,374 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on the Jamaica Stock Exchange
The Jamaica Stock Exchange ended trading on Wednesday, following a sharp decline in the value of stocks and volume of stocks trading compared to Tuesday and ended with mixed movements in the market indices.
The JSE Combined Market Index dived 3,687.32 points to 348,572.04, but the All Jamaican Composite Index rose 1,468.88 points to end at 375,012.05, the JSE Main Index climbed 2,312.81 points to end at 336,939.12 as the Junior Market Index lost 17.40 points to close at 3,734.42 and the JSE USD Market Index rose 0.01 points to 225.31.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Jamaica Public Service 7% dived $18.48 to end at $90.52 and Productive Business Solutions 9.75% preference share rose $9 to close at $104.
At the close, investors exchanged 12,307,693 shares in all three markets, down from 33,239,260 units on Tuesday, with the value of stocks trading amounting to $59.37 million compared with $381.26 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 1,042,369 shares for US$14,647 up from 41,840 units at US$1,885 on Tuesday.
The market’s PE ratio ended at 18.6 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
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 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 and 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 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.
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.
Mostly reds for the JSE Main Market
Stocks mostly dropped in market activity on the Jamaica Stock Exchange Main Market ended on Tuesday following a 12 percent increase in the volume of stocks traded after investors pumped in 715 percent more money into stocks compared with trading on Monday, resulting in the trading of 58 securities compared to 57 on Monday, with 15 rising, 30 declining and 13 ending unchanged.
All of 25,780,894 shares were traded for $362,794,152 versus 22,921,329 units at $44,514,498 on Monday.
Trading averaged 444,498 shares at $6,255,072, compared with 402,129 shares at $780,956 on Monday and month to date, an average of 423,498 units at $3,541,814, compared with 402,129 units at $780,956, previously. April closed with an average of 264,549 units at $1,409,410.
Carreras led trading with 12.08 million shares for 46.9 percent of the day’s volume followed by Wigton Windfarm with 3.31 million units for 12.8 percent of the day’s trade, GraceKennedy with 3.04 million units for 11.8 percent market share, Sagicor Select Financial Fund with 2.79 million units for 10.8 percent and Transjamaican Highway with 2.24 million units for 8.7 percent of total volume.
The All Jamaican Composite Index fell 6,576.29 points to finish at 373,543.17, the JSE Main Index dropped 5,785.97 points to close at 334,626.31 and the JSE Financial Index dipped 0.37 points to 77.41.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios are based on the last prices of stocks and earnings forecasted by ICInsider.com for companies with the financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Berger Paints rallied 49 cents in closing at $8.10, with 569 shares crossing the market, Carreras fell 55 cents to end at $8.20 after an exchange of 12,078,900 units, GraceKennedy shed $2.15 to finish at $77.85., with investors transferring 3,041,968 stocks. Guardian Holdings dropped $10 to close at $480 as investors traded 1,004 stock units, 
Jamaica Producers declined $1.47 to $20.51 with an exchange of 61,044 units, Jamaica Stock Exchange fell 98 cents to $13.30 with 45,574 stocks crossing the market. JMMB Group shed $1.42 to end at $30 after an exchange of 47,384 shares, Kingston Wharves dipped 75 cents to end at $33 with 189 stock units clearing the market, Massy Holdings lost 50 cents to end at $89.50 with a transfer of 202 stock units. Pan Jamaica Group advanced $4.43 to $56.43 in trading 19,440 stocks, Seprod dropped $9 to end at $65.01 with the swapping of 17,786 units, Stanley Motta lost 74 cents to close at $4.81 with 100,101 shares crossing the market. Supreme Ventures lost 35 cents in closing at $27.75 with 73,409 stock units changing hands and Sygnus Real Estate Finance shed $1.59 to end at $10.20 after swapping 3,022 units.
In the preference segment, Eppley 5% preference share popped 98 cents to $22.98 trading 5 shares, 
Eppley 7.50% preference share lost 69 cents to close at $6.90 in switching ownership of 2,754 stocks, Jamaica Public Service 7% dropped $20 after ending at $109 with 2,248 shares crossing the exchange and 138 Student Living preference share rose $9.50 in closing at a 52 weeks’ high of $104.50 in a transfer of 2 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors drop
The Junior Market of the Jamaica Stock Exchange dropped on Tuesday even as the volume of stocks traded climbed 40 percent, with the value 35 percent higher than on Monday with trading in 43 securities compared with 42 on Monday and ended with 12 rising, 21 declining and 10 closing unchanged.
Investors traded 7,417,293 shares for $18,473,506 up from 5,316,848 units at $13,649,412 on Monday.
Trading averaged 172,495 shares at $429,616 compared to 126,592 shares at $324,986 on Monday, with the month to date averaging 149,813 units at $377,917 versus 126,592 stocks at $324,986 on the previous day. April ended with an average of 266,661 units at $2,583,503.
Image Plus Consultants led trading with 2.91 million shares for 39.3 percent of total volume followed by Fosrich with 905,754 units for 12.2 percent of the day’s trade and Jamaican Teas with 553,771 units for 7.5 percent market share.
At the close, the Junior Market Index shed 31.39 points to finish at 3,751.82.
The PE Ratio, a measure of computing appropriate stock values, averages 11.5. The PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial lost 8 cents to close at $25.90 after 194 shares passed through the market, Consolidated Bakeries lost 19 cents to end at $2.20 in an exchange of 35,418 stock units, EduFocal popped 9 cents in closing at $2.05 with 58,226 stocks changing hands, Fontana shed 10 cents to finish at $8.40 with a transfer of 98,662 units, Fosrich fell 20 cents to $2.50 in trading 905,754 stock units, 
Honey Bun gained 7 cents to close at $6.47 in an exchange of 15,689 stocks, iCreate advanced 9 cents to $1.59 with investors transferring 63,005 units, Image Plus Consultants rallied 9 cents to $2.14 with 2,912,396 shares clearing the market, ISP Finance declined 48 cents in closing at $22.50 as investors swapped a mere 4 units, Jamaican Teas dipped 20 cents to $2.20 in an exchange of 553,771 shares, JFP Ltd rose 8 cents to end at $1.89 in trading 252,489 stock units, Knutsford Express fell 8 cents to close at $11.31 in exchanging 7,243 stocks, Lasco Distributors declined 17 cents to $2.48 as investors exchanged 57,770 units, Mailpac Group shed 20 cents in closing at $2.09 with 98,367 stock units changing hands, Main Event gained 20 cents to close at $13.35 in transferring 5,678 stocks, 
MFS Capital Partners rose 10 cents in closing at $3.60 with the swapping of 32,750 shares and Spur Tree Spices gained 8 cents to end at $2.70 with an exchange of 264,606 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE USD Market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands declining 79 percent valued 46 percent lower than on Monday, resulting from trading activity in nine securities, the same as on Monday with prices of three rising, five declining and one ending unchanged.
A total of 41,840 shares were traded for US$1,885 compared with 194,605 units at US$3,511 on Monday.
Trading averaged 4,649 units at US$209, versus 21,623 shares at US$390 on Monday, with a month to date average of 13,136 shares at US$300 compared with trading in April with an average of 394,241 units for US$22,357.
The US Denominated Equities Index fell 11.00 points to finish at 225.30.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. The PE ratio is computed based on the last traded stock price divided by earnings per share projected by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share advanced 1.04 cents and ended at 6.2 US cents, with 387 shares crossing the exchange, Margaritaville dipped 0.08 of a cent in closing at 11.4 US cents with 400 units clearing the market, 
Productive Business Solutions dropped 14.99 cents to close at US$1.75, with one stock trading. Proven Investments fell 0.96 cents to 16.44 US cents in an exchange of 5,606 stock units, Sterling Investments fell 0.28 of a cent to end at 1.61 US cents in swapping 25,175 stocks, Sygnus Credit Investments increased by 0.01 of a cent in closing at 9.06 US cents after investors ended trading 1,123 stock units. Sygnus Real Estate Finance USD share lost 1.82 cents to close at 10.34 US cents after a transfer of 518 units and Transjamaican Highway gained 0.01 of a cent in ending at 1.12 US cents with investors transferring 8,531 shares.
In the preference segment, JMMB Group 5.75% remained at US$2 after trading 99 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
All JSE markets drop following 2 days of gains
After two consecutive days of gains, the Jamaica Stock Exchange dropped sharply on Tuesday, following a sharp rise in the value of stocks trading as the volume increased over that on Monday.
Trading ended after the JSE Combined Market Index dived 2,589.09 points to 352,259.36. The All Jamaican Composite Index plunged 6,576.29 points to 373,543.17, the JSE Main Index dropped 5,785.97 points to 334,626.31, as the Junior Market Index shed 31.39 points to finish at 3,751.82 and the JSE USD Market Index dropped 11.00 points to conclude trading at 225.30.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Jamaica Public Service 7% dropping $20 to $109 and 138 Student Living preference share climbed $9.50 and ended at $104.50.
At the close, investors exchanged 33,239,260 shares in all three markets, up from 28,430,771 units on Monday, with the value of stocks trading amounting to $381.26 million compared with $58.15 million on Monday. Trading on the JSE USD market resulted in investors exchanging just 41,840 shares for US$ 1,885 down from 194,605 units at US$3,511 on Monday.
The market’s PE ratio ended at 18.9 on 2022-23 earnings and 12.4 times those for 2023-24 at the close of trading.
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 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 and 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 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.
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.
JSE USD market jumps into May
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with a 74 percent fall in the volume of stocks changing hands having a 74 percent lower value than on Friday and resulting in nine securities traded, compared to 10 on Friday with two rising, three declining and four ending unchanged and resulting in the US Denominated Equities Index jumping 16.75 points to 236.30 and pushing the market back into positive territory.
Overall, 194,605 shares were exchanged for US$3,511 compared with 742,486 units at US$13,313 on Friday.
Trading averaged 21,6n23 shares at US$390 down from 74,249 shares at US$1,331 on Friday, compared with April with an average of 394,241 units at US$22,357.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.5. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville remained at 11.48 US cents after a transfer of 25 shares, Productive Business Solutions gained 29.99 cents to end at US$1.8999 as investors exchanged one stock unit, Proven Investments shed 0.19 of a cent in ending at 17.4 US cents after trading 3,996 units, 
Sygnus Credit Investments lost 0.39 of one cent to close at 9.05 US cents in trading 3,168 stocks, Sygnus Real Estate Finance USD share climbed 1.16 cents to close at 12.16 US cents, with 3,383 stock units crossing the exchange and Transjamaican Highway fell 0.05 of a cent and ended at 1.11 US cents with an exchange of 184,000 stocks.
In the preference segment, Eppley 6% preference share ended at US$1.40 after an exchange of two units, Equityline Mortgage Investment preference share had one share changing hands at US$1.64 and JMMB Group 5.75% remained at US$2, with 29 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market bounces into May
The Jamaica Stock Exchange Main Market ended on Monday, with the JSE Main Index climbing solidly for a second day to start off the new month, with a bullish tone as the volume of stocks traded climbed 48 percent but with 31 percent lower value than that on Friday, following trading in 57 securities down from 60 on Friday, with 23 rising, 15 declining and 19 ending unchanged.
At the close, 22,921,329 shares were traded for $44,514,498 compared with 15,514,547 units at $64,737,290 on Friday.
Trading averaged 402,129 shares at $780,956, versus 258,576 units at $1,078,955 on Friday, compared with April that closed with an average of 264,549 units at $1,409,410.
Transjamaican Highway led trading with 14.96 million shares for 65.3 percent of the total volume, followed by QWI Investments with 4.29 million units for 18.7 percent of the day’s trade and Wigton Windfarm with 1.61 million units for 7 percent of the day’s trade.
The All Jamaican Composite Index dipped 203.12 points to 380,119.46, the JSE Main Index advanced 2,330.49 points to 340,412.28 and the JSE Financial Index popped 0.16 points to end at 77.78.
PE ratios are computed based on the last selling prices of stocks and earnings forecasted by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Carreras traded 62,960 shares and gained 25 cents in closing at $8.75, Guardian Holdings advanced $4.98 to close at $490 in an exchange of 16 shares, Kingston Properties shed 30 cents to end at $7.55 with an exchange of 12,830 stock units, Massy Holdings climbed $2 to end at $90 after an exchange of 455 units, NCBF inancial rose 50 cents to $74 11,619 stocks changing hands, investors traded just 221 shares of 
138 Student Living in pushing the price by 24 cents to $5.27, Pan Jamaica Group shed $2.50 in ending at $52 and closed with 3,176 stock units changing hands, Radio Jamaica fell 40 cents in closing at $1.85 in switching ownership of 438,522 stocks, Seprod rallied $1.01 to $74.01 in trading 4,628 shares, Stanley Motta dropped 45 in closing at $5.55, with 4,906 stock units crossing the exchange, Sygnus Real Estate Finance popped 90 cents to end at $11.79 as investors exchanged 1,341 units and Wisynco Group lost 68 cents to close at $16.77, with 15,585 units clearing the market.
In the preference segment, Eppley 5% preference share gained $2 to end at $22 with an exchange of 5 shares, Eppley 7.50% preference share increased by $1.59 to end at $7.59, with 1,407 stock units crossing the market 
and 138 Student Living preference share climbed $7 and ended at $95 with investors transferring just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rallies into May
Trading dropped to start off the new month but investors pushed prices higher to end the first trading day in May with a solid rise in the market index at the close of the Junior Market of the Jamaica Stock Exchange Monday. The volume of stocks traded declined 68 percent and the value plunged 70 percent lower than on Friday with trading in 42 securities compared with 44 on Friday and ending with 18 rising, 14 declining and 10 closing unchanged.
Investors traded 5,316,848 shares at $13,649,412 versus 16,843,959 units at $45,142,781 on Friday.
Trading averaged 126,592 shares at $324,986, down from 382,817 shares at 1,025,972 on Friday compared to April with an average of 266,661 units at $2,583,503.
Image Plus Consultants led trading with 1.76 million shares for 33 percent of total volume following the release of impressive full year results on Friday. Spur Tree Spices followed with 753,997 units for 14.2 percent of the day’s trade and MFS Capital Partners with 393,395 units for 7.4 percent market share.
At the close, the Junior Market Index advanced 45.29 points to end at 3,783.21 after rising by more than 40 points on two consecutive days.
The PE Ratio, a measure of computing appropriate stock values, averages 11.7. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial rallied 93 cents in closing at $25.98, with 56 shares crossing the market, Blue Power rose 32 cents to end at $2.44 as investors exchanged 1,924 units, CAC 2000 climbed 9 cents to $8.09 after trading 345 stock units, Consolidated Bakeries advanced 22 cents to close at $2.39 with a transfer of 41,884 stocks. Dolla Financial popped 7 cents to $2.74 while exchanging 41,403 units, EduFocal lost 12 cents in closing at $1.96, with 3,500 stock units crossing the market, Everything Fresh gained 19 cents and ended at $1.69 with investors transferring 375,654 shares, Express Catering increased by 16 cents to close at $5.35 after exchanging 16,082 stocks. General Accident declined 40 cents to $5 in an exchange of 95,100 shares, GWest Corporation popped 9 cents to end at $1.04 after an exchange of 20,309 stock units, Honey Bun rallied 9 cents to close at $6.40 in switching ownership of 38,448 units, 
iCreate increased 10 cents to end at $1.50 after 260,734 stocks passed through the market. Image Plus Consultants popped 10 cents to $2.05 in trading 1,755,637 stocks, Indies Pharma dropped 42 cents to $3.13, with 16,650 shares crossing the exchange, Jetcon Corporation climbed 12 cents to $1.19 after a transfer of 896 stock units, JFP Ltd dipped 10 cents to close at $1.81 in an exchange of 69,748 units. Knutsford Express gained 89 cents to end at $11.39, with 2,482 shares clearing the market, Lasco Distributors rose 36 cents to $2.65 with the swapping of 110,580 stock units, Lasco Manufacturing climbed 11 cents to $4.11, with 79,651 stocks changing hands, Limners and Bards fell 27 cents in closing at $2.26 after investors swapped 34,059 units. Medical Disposables shed 10 cents after ending at $6 with an exchange of 301 shares, MFS Capital Partners fell 10 cents to close at $3.50 with 393,395 stock units changing hands, 
Paramount Trading popped 17 cents to $2.32, with 1,459 stocks crossing the market. Regency Petroleum shed 12 cents to end at $2.53 in trading 218,338 units and Spur Tree Spices dropped 16 cents in closing at $2.62 after a transfer of 753,997 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE greets new month with strong gains
The Jamaica Stock Exchange eked solid gains o start off the new month on a confident footing on Monday, following a positive close to April when all three markets rose, but trading levels fell sharply to start off the month.
The JSE Combined Market Index rose 2,589.09 points to 352,259.36, the All Jamaican Composite Index dipped 203.12 points to 380,119.46, the JSE Main Index jumped 2,330.49 points to 340,412.28, as the Junior Market Index surged 45.29 points to 3,783.21 and the JSE USD Market Index jumped 16.75 points to close at 236.30.
Shares in the preference segment of the Main Market that are not included in the TOP10 graphs ended with Eppley 5% preference share gaining $2 to end at $22, Eppley 7.50% preference share increased $1.59 to $7.59 and 138 Student Living preference share climbed $7 and ended at $95.
At the close, investors exchanged 28,430,771 shares in all three markets, down from 33,097,266 units on Friday, with the value of stocks trading amounting to $58.15 million compared with $109.8 million on Friday. Trading on the JSE USD market resulted in investors exchanging 194,605 shares for US$3,511, down from 742,486 units at US$13,313 on Friday.
The market’s PE ratio ended at 18.9 on 2022-23 earnings and 12.5 times those for 2023-24 at the close of trading.
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 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 and 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 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.
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.
