Following the 40.93 points drop in the Junior Market index on Monday, investors swiped another 84.36 points off the index on Tuesday as it ended at 4,137.85, as the Stocks fell in the Junior and Main markets of the Jamaica Stock Exchange on Tuesday, leading to a fall of 4,591.28 points in the JSE Combined Index to 396,366.45.
The All Jamaican Composite Index dived 4,175.98 points to 438,261.99, the JSE Main Index dipped 4,103.95 points to close at 384,123.36 but the JSE USD market index rose 1.18 points to close at 216.12. Investors exchanged 18,835,425 shares in all markets, with the value of stocks traded in the Main and Junior Markets amounting to $119.9 million and in the JSE USD market, US$85,715.
The market’s PE ratio ended at 23.8 based on 2021-22 earnings and 12.8 times those for 2022-23 at the close of trading.
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 and the more detailed daily report charts provide investors with regularly updated information to help with decision-making.
Investors should use 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. 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 listed 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 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 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.
The All Jamaican Composite Index fell 1,166.89 points to 442,437.97, the JSE Main Index declined by 1,330.54 points to 388,227.31 and the JSE Financial Index slipped 0.39 points to settle at 91.59.
At the close, Barita Investments lost 39 cents to end at $88.11, with 1,863 shares crossing the market, Caribbean Cement popped 50 cents to end at $66 after 5,858 units changed hands, Eppley climbed $1.05 to $49 trading 1,261 stock units. Eppley Caribbean Property Fund dropped $3.96 in closing at $42.75 with an exchange of 234 stocks, First Rock Capital gained 64 cents in ending at $12.65 after trading 35,649 units, GraceKennedy shed $1.97 to $107.53 in exchanging 19,373 shares. Guardian Holdings fell $14 to $520, with 1,140 stock units changing hands, Jamaica Broilers declined $1 to $27 with the swapping of 14,622 stocks, Jamaica Stock Exchange declined $1.50 in closing at $18 in an exchange of 132,344 stock units. JMMB Group lost 88 cents to end at $43.12 in switching ownership of 313,322 shares, Massy Holdings shed $2.75 to close at $92.50 with 44,883 stocks clearing the market, NCB Financial rose 48 cents to end at $101.50 while exchanging 151,031 units. PanJam Investment dropped $1.50 to $66 in exchanging 1,811 units, Portland JSX fell $1.69 to $8.56 after 2,000,000 stock units crossing the exchange, Proven Investments shed 69 cents in closing at $37.81 with an exchange of 12,031 stocks. 
Sagicor Group lost 48 cents to end at $53.77 trading 87,304 shares, Salada Foods dropped 44 cents to $5.50 after exchanging 5,684 units, Scotia Group declined $1 in closing at $36 and trading 86,051 stocks and Seprod rallied 50 cents to $71.50 with 5,524 stock units changing hands.
Market activity led to 38 securities trading versus 42 on Friday and ended with nine rising, 20 declining and nine closing unchanged.
At the close, AMG Packaging advanced 8 cents in closing at $3.59 while exchanging 14,805 shares, Caribbean Cream increased 6 cents to end at $4.75 in trading 20,448 stock units, Caribbean Flavours popped 10 cents to close at $1.98 after exchanging 41 units. Derrimon Trading dropped 15 cents to $2.65 with an exchange of 606,031 stocks, Dolphin Cove lost 34 cents in ending at $16.16 exchanging 48,474 units, EduFocal declined 8 cents in closing at $3, with 79,008 stock units clearing the market. Elite Diagnostic shed 10 cents to end at $3.30 after 1,707,057 shares changed hands, Express Catering fell 14 cents to $5.85 in switching ownership of 2,403 stocks, Fosrich dropped $3.80 to close at $26.20 trading 259,682 shares. Indies Pharma rallied 15 cents in ending at $3.15 after a mere 212 stock units crossed the market, Jamaican Teas shed 5 cents to end at $3.14 with an exchange of 21,751 stocks, JFP Limited declined 7 cents to close at $1.53 after trading 486,631 units. KLE Group dropped 7 cents to $1.99 with 172 stock units changing hands, Knutsford Express lost $1 in ending at $7.50 after exchanging 50,023 units, Lasco Manufacturing shed 5 cents in closing at $5.40 with the swapping of 26,902 stock units. 
Lumber Depot declined 5 cents in closing at $3.10, with 742,466 shares changing hands, Main Event dropped 40 cents in ending at $8.20 after exchanging 108,567 units and Medical Disposables lost 85 cents to end at $7, with 200,171 stocks changing hands.
A total of nine securities traded, compared to eight on Friday, with two rising, two declining and five ending unchanged.
Proven Investments ended unchanged at 26.5 US cents after the trading of 9,423 units. Sterling Investments shed 0.14 of a cent to end at 2 US cents in exchanging 606 stock units, Sygnus Credit Investments USD share rose 0.02 of a cent in closing at 11.1 US cents with 42,260 units changing hands, Sygnus Real Estate Finance USD share finished at 12 US cents in an exchange of 1,248 stock units and Transjamaican Highway ended at 0.9 of a US cent in trading 141,092 stocks.
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 show the closing volume for the bids and offers.
A total of 16 securities traded compared to 18 on Friday, with five stocks rising, two declining and nine remaining unchanged. The Composite Index slipped 0.91 points to 1,414.08, the All T&T Index fell 3.38 points to 2,071.55 and the Cross-Listed Index rallied 0.24 points to settle at 99.47.
Guardian Holdings remained at $27.30 after 30 stock units were exchanged, JMMB Group declined 1 cent in ending at $2.44, with 1,919 units clearing the market, Massy Holdings ended at $5.24 after 19,494 stock units changed hands. National Flour Mills remained at $1.80 while exchanging ten units, One Caribbean Media finished at $4.17 in trading 1,000 shares, Republic Financial Holdings climbed 75 cents to $141 with an exchange of 37,574 stocks. Scotiabank increased 1 cent to $78 after exchanging 554 shares, Trinidad & Tobago NGL finished at $21 in an exchange of 4,696 stocks, Unilever Caribbean ended unchanged at $19.85 after the trading of 13,788 stock units and West Indian Tobacco remained at $23.50 with the swapping of 41,487 units.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Following last week’s 330 points fall, the Junior Market index recovered 143 points by the end of the week, while the Main Market All Jamaica Index lost 211 points on top of the 5,954.55 points given up in the previous week.
Jetcon Corporation price dipped to $1.32 and squeezed out General Accident from the Junior Market TOP10.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
At the close, Barita Investments popped 49 cents in closing at $88.50 in trading 9,074 shares, Berger Paints advanced 30 cents to end at $11.30, with 423 stocks crossing the exchange, Caribbean Cement dropped $1.50 to close at $65.50 as 7,350 stock units changed hands. GraceKennedy rallied 50 cents to $109.50 in switching ownership of 93,121 units, Guardian Holdings shed $1 in ending at $534 with an exchange of 2,608 shares, Jamaica Producers gained 30 cents to $22.80 after 7,565 units crossed the market. JMMB Group declined 99 cents to close at $44 with 1,116,258 stock units clearing the market, Kingston Wharves lost 62 cents in ending at $38.98 after trading 301 stocks, NCB Financial fell $3.88 in closing at $101.02 in exchanging 51,678 stocks. PanJam Investment climbed $1.50 to end at $67.50 while exchanging 801 stock units, Proven Investments increased 51 cents to end at $38.50 after exchanging 44,633 shares, Sagicor Group dropped 75 cents to $54.25, with 47,796 units changing hands. Scotia Group rose $1.40 to close at $37, with 91,201 units crossing the market, Seprod declined 87 cents to $71 in an exchange of 2,846 shares and Supreme Ventures rallied 50 cents in closing at $30.50 with the swapping of 1,406,282 stocks.
In the preference segment, Eppley 7.25% preference share gained $1.99 in ending at $22 after exchanging 200 stock units, Eppley 7.50% preference share climbed 72 cents in closing at $7.23 in trading just two shares, JMMB Group 7.25% preference share lost 42 cents to close at $2.79 in trading 1,078 units and 138 Student Living s preference share advanced $1.66 to end at $18.16, with 53 stock units crossing the market.
A total of eight securities traded, down from 10 on Thursday with one rising, three declining and four ending unchanged. The JSE US Denominated Equities Index slipped 0.04 points to end at 215.10.
At the close, First Rock Capital USD share dropped 0.35 of a cent to close at 7.5 US cents after exchanging 2,011 shares, Margaritaville ended at 15 US cents, with 5 stocks crossing the market, Productive Business Solutions finished at US$1.15 after exchanging one stock unit. Proven Investments advanced 0.5 of a cent to 26.5 US cents in trading 221,280 units, Sygnus Credit Investments USD share fell 0.02 of a cent in closing at 11.08 US cents while exchanging 52,041 shares and Transjamaican Highway ended unchanged at 0.90 of one US cents after 3,082,665 stock units changed hands.
A total of 42 securities traded similar to Thursday and ended with ten rising, 23 declining and nine closing unchanged.
At the close, Access Financial shed 5 cents in closing at $21.80 after 21 shares were exchanged, AMG Packaging dropped 16 cents in ending at $3.51, with 6,643 units crossing the market, Blue Power gained 10 cents to close at $3.80 with the swapping of 667 stocks. CAC 2000 declined 39 cents to $7, with 5,000 stock units crossing the market, Caribbean Assurance Brokers fell 5 cents to end at $2.39 in an exchange of 61,885 shares, Caribbean Flavours lost 7 cents to close at $1.88, with an exchange of 109,959 stock units. Dolphin Cove shed 50 cents in closing at $16.50 after exchanging 121,049 stocks, Express Catering advanced 38 cents in ending at $5.99 with 1,500 units changing hands, Fontana fell 5 cents to end at $9.80 after exchanging 144,487 stocks. Fosrich lost 95 cents to close at $30, with 47,684 stock units clearing the market, Future Energy Source declined 18 cents to $6.05 in exchanging 241,603 shares, Honey Bun increased 70 cents in closing at $8.96 after trading 6,129 units. Indies Pharma dropped 15 cents to $3, with 36,801 stocks changing hands, Jamaican Teas shed 6 cents to close at $3.19, trading 15,472,600 units, Jetcon Corporation dropped 13 cents to end at $1.32, trading 24,007 stock units. 
Lasco Distributors popped 5 cents to $3.49 while exchanging 55,788 shares, Lasco Financial declined 8 cents in closing at $3.50 in switching ownership of 6,443 shares, Medical Disposables rallied 40 cents in ending at $7.85 after 24,822 stock units crossed the exchange. Paramount Trading lost 14 cents to end at $1.76, with 2,750 stocks clearing the market, Spur Tree Spices fell 5 cents to close at $3.90 after an exchange of 52,606 units, Stationery and Office Supplies climbed 22 cents to close at $12.30 in trading 3,047 shares and tTech fell 20 cents to $3.60 after exchanging 2,206 units.
