Trading dives on the Jamaica Exchange

Trading ended with mixed fortunes on Thursday, with trading levels falling below that on Wednesday and resulted in the JSE Main index and JSE USD market indices declining but the Junior Markets and the All Jamaican index rose.
At the close, the JSE Combined Market Index fell 385.17 points to end at 342,451.78, the All Jamaican Composite Index rallied 655.47 points to 365,339.57, but the JSE Main Index dipped 445.92 points to 327,931.58 while the Junior Market Index popped 3.37 points to close at 3,984.01, after closing in on 4,040 points up to last 30 minutes left in the day’s session. The JSE USD Market Index slipped 3.45 points to 242.88.
Preference share with notable price movements but not in the Main Market TOP10 graphs was Jamaica Public Service 7% gaining $1.21 to $56.21.
At the close, investors exchanged 24,344,007 shares in all three markets, up from 23,127,467 stocks on Thursday. The value of stocks trading in the Junior and Main markets was $61.37 million, down from $108.2 million on Thursday. Trading on the JSE USD market ended with investors exchanging 266,681 shares for US$6,174 from 230,849 units at US$10,905 on Thursday.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 18.8 on 2022-23 earnings and 12.6 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and shows companies 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 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 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 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.