Trading in One Great Studio plunges

Investors seem to have cooled on newly listed One Great Studio with less than 2 million units changing hands on Friday following three days of more than 14 million stocks being traded for each day since listing on Tuesday, with the price drifting down to $1.20 at the close of the week when the overall market end the week with mixed fortunes as the Junior Market inched higher and the Main Market main index rose but the All Jamaican Composite Index fell.
At close, the JSE Combined Market Index rose 869.06 points to close at 326,253.01, with the All Jamaican Composite Index falling 1,768.93 points to 343,636.27, the JSE Main Index rallied 876.64 points to close at 312,277.29, the Junior Market Index rose 5.83 points to 3809.59, while the JSE USD Market Index shed 1.12 points to finish at 254.26.
At the close, investors exchanged 11,124,804 shares in all three markets, up from 27,691,335 stock units on Thursday. The value of stocks traded on the Junior and Main markets amounted to $85.12 million, up from $72 million on Thursday. Trading on the JSE USD market ended with investors exchanging 580,017 shares for US$10,197 up from 73,572 units at US$2,495, on Thursday.
In the preference segment, 138 Student Living preference share jumped $11.52 and ended at $105.
The market’s PE ratio, the most popular measure used to determine the value of stocks ended at 19.7 on 2022-23 earnings and 10.8 times those for 2023-24 at the close of trading. PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to successfully navigate numerous investment options in the local stock market. The 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 place them 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 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.

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