Most of the gains on the last two trading days of last week were almost taken back in the Main and Junior Market after stocks fell across the exchange on Monday, leading to big declines in the indices, with the JSE Combined Market Index dropping sharply by 9,364.64 points to 343,122.89, the All Jamaican Composite Index nosediving 12,007.10 points to 371,750.11, the JSE Main Index plunging 8,768.59 points to end trading at 331,767.29, while the Junior Market dived more than Friday’s rise, with a drop of 128.70 points on Monday to 3,666.51 and the JSE USD Market Index slipped 2.23 points to end at 229.67.
In the preference section of the Main Market that is not reflected in the TOP10 graphs, JPS 7 percent dropped $35.11 to $128.99 and PBS 10.5% dropped $8 to $1,250.
At the close, investors exchanged 30,620,034 shares in all three markets, compared with 51,243,309 units on Friday, with the value of trading on Monday amounting to $137.2 million, down sharply from $650.5 million on the previous trading day. Trading on the JSE USD market resulted in investors exchanging 929,408 shares for US$15,231 down from 1,234,958 units at US$13,631 on Friday.
The market’s PE ratio ended at 1 .2 on 2021-22 earnings and 12.1 times those for 2022-23 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers 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.
Huge dive in JSE Main & Junior Markets
April 3, 2023 by