Trading fell sharply on the Jamaica Stock Exchange US dollar market on Tuesday, with a 54 percent fall in the volume of stocks exchanged after 98 percent fewer US dollars changed hands than on Monday, resulting in trading in five securities, compared to seven on Monday with the price of one rising, three declining and one ending unchanged.
The market closed with trading of 147,004 shares for US$5,094 down from 317,598 units at US$259,958 on Monday.
Trading averaged 29,401 shares at US$1,019 compared to 45,371 shares at US$37,137 on Monday, with a month to date average of 39,548 shares at US$4,236 compared with 40,118 units at US$4,417 previously and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index dipped 1.07 points to lock up trading at 239.66, to be up 3.7 percent for the year to date.
The PE Ratio, a measure used in computing appropriate stock values, averages 10. The PE ratio is computed based on the last traded stock price divided by ICInsider.com’s projected earnings for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Proven Investments dipped 0.7 cent in closing at 12.3 US cents in swapping 8,382 units, 
Sygnus Credit Investments sank 0.03 of a cent to 8.96 US cents after 3,150 stocks crossed the exchange, Sygnus Real Estate Finance USD share popped 0.04 of a cent to end at 8.15 US cents with investors swapping 2,300 shares and Transjamaican Highway dropped 0.07 of a cent to 1.78 US cents with an exchange of 133,072 stock units.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$11.50 in trading 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop in trading on JSE USD Market
January 23, 2024 by
