Trading climbs for the JSE but indices fall

The volume as the value of stocks trading on the Jamaica Stock Exchange on Monday rose over Friday’s levels but the market indices went into a decline at the close of the market after some stocks traded at record high levels, including Transjamaican, an ICInsider.com BUY RATED stock that traded at a new high of $2.20 after the company released eye-popping first quarter results.
Trading ended with the JSE Combined Market Index dipping 685.38 points to 345,848.11, the All Jamaican Composite Index shedding 1,238.27 points to end at 344,609.84, the JSE Main Index dropping 1,073.25 points to 332,634.38, as the Junior Market Index declined by 25.87 points to finish at 3,739.75 and the JSE USD Market Index slipped fell 0.44 points to 239.04.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with Eppley 7.25% preference share losing $2.49 in closing at $17.50, Jamaica Public Service 7% rallied $15.65 to $95, Jamaica Public Service 7% increased $10.97 to end at $105.97 and Productive Business Solutions 10.5% preference share rose $10 to end at $1225.
At the close, investors exchanged 31,480,265 shares in all three markets, up from 12,830,644 units on Friday, with the value of stocks trading amounting to $91.7 million up from $75.85 million on Friday. Trading on the JSE USD market resulted in investors exchanging 169,789 shares for US$62,331 from 120,088 units at US$5,287 on Friday.
The market’s PE ratio ended at 17.8 on 2022-23 earnings and 11.5 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.