Value of stocks traded surged on the JSE

Trading surged for a second consecutive day on the Jamaica Stock Exchange on Wednesday, with the volume of stocks trading declining but resulted in a higher value than on Tuesday following GraceKennedy trading 3.76 million shares for $291 million, NCB Financial ended with 3 million shares for $204 million and ScotiaGroup with 4.85 million shares for $164 million as trading ended with the Junior and JSEUSD markets rising at the close and the Main Market declining even as with Transjamaican Highway and Wigton Windfarm continues to hit new 52 weeks’ highs.
At the close of the market, the JSE Combined Market Index fell 1,534.67 points to 340,641.18, the All Jamaican Composite Index declined 1,105.39 points to close at 360,982.14, the JSE Main Index dropped 1,861.20 points at 327,139.32, the Junior Market Index climbed 22.06 points to 3,866.96, while the JSE USD Market Index gained 1.89 points to close at 240.02.
Preference shares with notable price movements but are not in the Main Market TOP10 graphs are Eppley 7.25% preference share recovered the $2.85 it lost on Tuesday in closing at $19 and Jamaica Public Service 7% shed $1.99 in closing at $50.01.
At the close, investors exchanged 41,085,482 shares in all three markets on Tuesday compared to 60,867,391 shares on Tuesday. The value of stocks trading in the Junior and main markets was $752.6 million, up sharply from $609.18 million on Tuesday. Trading on the JSE USD market resulted in investors exchanging 289,060 shares for US$34,073 compared to 132,703 units at US$3,992 on Tuesday. 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 data 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.