Trading jumps on the Jamaica Stock Exchange

Trading picked up sharply on the Jamaica Stock Exchange on Monday, but prices fell with all three markets suffering moderate slippage at the close after recording healthy gains in the morning session.
The volume of stocks traded jumped sharply over that on Friday, as Everything Fresh traded 29.2 million shares and One on One Education traded 31.2 million shares resulting in a big surge in the overall volume for the day of 84,781,563 shares changing hands in all three markets, up from 18,750,465 units on Friday, valued at $356.5 million, up sharply from $111.54 million on the previous day. Trading on the JSE USD market resulted in investors exchanging the shares traded for US$6,710 versus US$10,720 on Friday.
At the close, the Combined Market Index fell 1,080.76 points to 348,391.93 the All Jamaican Composite Index dropped 1,641.15 points to end at 379,404.43, the JSE Main Index lost 1,138.54 points to end at 335,146.88, the Junior Market slipped 2.17 points to end at 3,894.48 and the JSE US dollar market dipped 2.11 points to end at 230.52.
The market’s PE ratio ended at 20.2 based on 2021-22 earnings and 12.9 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 investment decisions by 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 show the closing volume for the bids and offers.
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.