Trading falls back on Jamaica Stock Exchange

Trading fell back to more normal levels in the current year on the Jamaica Stock Exchange on Thursday with the value of stocks changing hands dropping more than 11 times less than Wednesday but the Main Market and the Junior Market added to Wednesday’s close while the JSE USD market plunged at the close.
At the close of the market, 9,338,374 shares were exchanged in all three markets, sharply down from 306,780,140 units, with a value of a mere $58.6 million, in contrast to $687.8 million on the previous trading day. The JSE USD market resulted in investors trading 430,568 shares for US$30,840 compared to 33,994 units at US$8,060 on Wednesday.
The JSE Combined Market Index rallied 371.34 points to 340,351.49, the All Jamaican Composite Index climbed 496.57 points to 371,110.41, the JSE Main Index rallied 303.85 points to 327,945.75, the Junior Market popped 9.49 points to 3,751.17 and the JSE USD Market Index dropped 25.30 points to end at 295.24.
The market’s PE ratio ended at 19 based on 2021-22 earnings and 12.2 times those for 2022-23 at the close of trading.
Investors need pertinent information to successfully navigate many 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. It 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 payable and yields for each company are shown in the Main and Junior Markets’ daily report charts that also show the closing volume pertaining to the bids and offers 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.