Trading picks up for the JSE

The Junior Market held just above Thursday’s and the previous week’s close, while the JSE Main and USD Markets ended the day lower, with the Main Market ending the week lower than that of the previous week but the USD Market held above the previous week’s close, following a moderate trading session with a modest increase in volume as the value of stocks changing hands nearly doubled that on Thursday.
At the close of trading the JSE Combined Market Index dropped 685.38 points to 345,848.11. The All Jamaican Composite Index fell 2,547.79 points to close at 369,575.13, the JSE Main Index fell 776.23 points to 333,707.63, as the Junior Market Index rose 4.85 points to close at 3,766.85 and the JSE USD Market Index slipped 0.22 points to 239.48.
Shares in the preference segment of the Main Market not included in the TOP10 graphs ended with
Eppley 5% preference share rising $3.97 in closing at $22, Jamaica Public Service 7% rallied $15.65 to $95, Jamaica Public Service 9.5% increased $20 to end at $3000 and Productive Business Solutions 9.75% preference share popped $10.90 to close at $106.93.
At the close, investors exchanged 12,830,644 shares in all three markets, up from 12,474,760 units on Thursday, with the value of stocks trading amounting to $75.85 million compared with $39.2 million on Thursday. Trading on the JSE USD market resulted in investors exchanging 120,088 shares for US$5,287 from 21,693 units at US$2,318 on Thursday.
The market’s PE ratio ended at 18.3 on 2022-23 earnings and 12.3 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.