Trading plunges again on the JSE

The Junior Market of the Jamaica Stock Exchange rallied all during the day and ended trading on Thursday, markedly higher but the Main market struggled all day and ended a few thousand points lower than the close of the previous day and the JSE USD slipped moderately at the close as trading remained subdued, following a decline in the value and volume of stocks trading compared to Wednesday.
At the end of trading, the JSE Combined Market Index dropped 2,908.79 points after landing at 345,663.25. The All Jamaican Composite Index shed 1,994.64 points to close at 373,017.41, the JSE Main Index fell 3,512.01 points to 333,427.11, as the Junior Market Index jumped 40.23 points in cending at 3,774.65 and the JSE USD Market Index slipped 1.21 points to 224.10.
Shares in the preference segment of the Main Market that are not in the TOP10 graphs ended with Jamaica Public Service 7% dived $22.52 in closing at $68 and Productive Business Solutions 10.5% preference share dropped $50 to end at $1,150.
At the close, investors exchanged 7,982,611 shares in all three markets, down from 12,307,693 units on Wednesday, with the value of stocks trading amounting to $43.4 million compared with $59.37 million on Wednesday. Trading on the JSE USD market resulted in investors exchanging 122,385 shares for US$18,559 from 1,042,369 units at US$14,647 on Wednesday.
The market’s PE ratio ended at 18.8 on 2022-23 earnings and 12.6 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.