Trading drops back on the JSE

Trading ended on Thursday with the market indices of all three of the Jamaica Stock Exchange declining at the close of trading, with the volume and the value of stocks trading declining from Wednesday, even as Transjamaican Highway continues to hit new 52 weeks’ highs.
At the close of trading, the JSE Combined Market Index declined 3,732.68 points to 336,908.50, the All Jamaican Composite Index shed 333.53 points to end at 360,648.61, the JSE Main Index dropped 3,765.05 points to 323,374.27, the Junior Market Index fell 23.99 points to 3,842.97, while the JSE USD Market Index slipped 2.75 points to close at 237.27.
Preference shares with notable price changes but not in the Main Market TOP10 graphs are Productive Business 10.50% preference share that popped $50 to $1,250 and Jamaica Public Service 7% gaining $5.99 in closing at $56.
At the close, investors exchanged 30,404,886 shares in all three markets on Thursday compared to 41,085,482 shares on Wednesday. The value of stocks trading in the Junior and Main markets was $115.16 million, up sharply from $752.6 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 32,918 shares for US$5,796 compared to 289,060 units at US$34,073 on Wednesday.
The market’s PE ratio ended at 18.3 on 2022-23 earnings and 11.3 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.