Stocks declined on the Jamaica Stock Exchange on Tuesday, resulting in all the major market Indices slipping with the Junior Market taking the biggest hit in giving up more than 60 points and ending with the number of stocks changing hands falling, following a drop in the value traded compared with the previous trading day, resulting in prices of 27 shares rising and 46 declining.
At the close of trading, the JSE Combined Market Index climbed 563.57 points to 340,684.10, the All Jamaican Composite Index shed 1,084.66 points to 367,499.60, the JSE Main Index shed 135.73 points to lock up trading at 327,662.97. The Junior Market Index dropped 62.20 points to conclude trading at 3,813.83 and the JSE USD Market Index dipped 1.39 points to end trading at 246.42.
At the close of trading, 19,286,548 shares were exchanged in all three markets, well down from 53,140,220 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $93.28 million, down from $266.30 million on the previous trading day and the JSE USD market closed with an exchange of 304,275 shares for US$13,337 compared to 84,506 units at US$3,441 on Thursday.
In the Main Market Wigton Windfarm led trading with 3.86 million shares followed by Transjamaican Highway with 3.42 million stock units and General Accident with 1.0 million units.
In the Junior Market, Spur Tree Spices led trading with 1.58 million shares followed by JFP Ltd with 1.31 million stock units and Dolla Financial with 800,308 units.
In the preference segment, Productive Business Solutions 10.5% preference share dipped $50.99 to end at $1,099.01.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20 on 2022-23 earnings and 13.8 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 navigate numerous investment options successfully in the 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 for investors 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 of the highest bid and the lowest offer for each company.
All JSE markets down in starting April
April 2, 2024 by IC Insider.com
Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: 084.66 points to finish at 367, 138 Student Living, 140, 19, 220 units on Thursday, 275 shares for US$13, 286, 337 compared to 84, 499.60, 506 units at US$3, 548 shares were exchanged in all three markets, 662.97. The Junior Market Index dropped 62.20 points to conclude trading at 3, 684.10, 813.83 and the JSE USD Market Index dipped 1.39 points to conclude trading at 246.42. At the close of trading, Caribbean Cement, Daily Trading, down from $266.30 million on the previous trading day and the JSE USD market closed with an exchange of 304, Emerging market, Eppley, following a drop in the value traded compared with the previous trading day, Jamaica Producers, Jamaica Stock Exchange, Jamaica Stock Exchange Combined Index, Jamaican stocks, JPS, JSE Main Index, junior market, Junior Market index, NCB Financial, Net asset Value of Jamaican stocks, Pan Jam, PE Ratio of Jamaican stocks, Productive Business Solutions, resulting in all the major market Indices slipping with the Junior Market taking the biggest hit in giving up more than 60 points and ending with the number of stocks changing hands falling, resulting in prices of 27 shares rising and 46 declining. At the close of trading, Scotia Group, Seprod, Stocks declined on the Jamaica Stock Exchange on Tuesday, the All Jamaican Composite Index shed 1, the JSE Combined Market Index climbed 563.57 points to close at 340, the JSE Main Index shed 135.73 points to lock up trading at 327, Trading Activity, Transjamaican Highway, well down from 53, Wigton Windfarm, with the value of stocks traded on the Junior and Main markets amounted to $93.28 million