The JSE Main & Junior markets fall

The Main and the Junior Market of the Jamaica Stock Exchange lost ground in trading on Tuesday as the JSE USD market inched moderately higher as trading ended with the volume and the value of stocks changing hands falling, compared with the previous day and resulted in the prices of 30 stocks rising and 42 declining.
At the close of trading, the Combined Market Index shed 524.55 points to close at 347,021.46, the All Jamaican Composite Index advanced by 93.57 points to 370,839.06, the JSE Main Index sank 377.08 points to close at 334,406.36. The Junior Market Index fell 19.52 to 3,813.32. The JSE Main & Junior markets rose 0.21 points to 255.60.
At the close of trading, 16,492,495 shares were exchanged in all three markets, down from 47,975,821 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $62.80 million, from $164.28 million yesterday and the JSE USD market closed with an exchange of 180,495 shares for US$53,094 compared to 452,800 units at US$59,221 on Monday.
Trading in the Main Market was dominated by Wigton Windfarm with a leading trade of 4 million shares followed by JMMB 9.5% preference share with 3.94 million units and Transjamaican Highway with 1.83 million stocks.
In the Junior Market, Tropical Battery led trading with 847,958 shares followed by One Great Studio with 346,363 units and Indies Pharma with 292,036 shares.
At the close of trading on the Main Market, Barita Investments dipped $1.02 to $70.18, Caribbean Cement climbed $1.99 in closing at $55.99, Eppley popped $1.99 to $35.99, Guardian Holdings rose $8 to $368, Pan Jamaica increased $1.08 to end at $51.20, Seprod rallied $1 to $83 and Supreme Ventures increased $1.97 and ended at $26.50.
The major declining Main Market stocks are Eppley Caribbean Property Fund that fell $2.50 to close at $37.50, JMMB Group shedding $1.39 in closing at $24.05 and Kingston Wharves dropping $2.40 and ending at $28.10.
At the end of Junior Market trading, Fontana climbed 28 cents to close at $10.60, with the major losing stocks being Access Financial down $1.24 to close at $21.41, AMG Packaging shedding 24 cents to $2.71, CAC 2000 declining 68 cents to end at $3.83, Dolphin Cove skidding 32 cents to $18 as ISP Finance dropped $6.33 to $25.02.
In the preference segment, Jamaica Public Service 7% sank $5.80 to end at $43 and Productive Business Solutions 10.5 % preference share declined $16 to $1,284.
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 14.2. 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 pertaining to the highest bid and the lowest offer for each company.