Falling stocks pushed down the Jamaica Stock Exchange US dollar market on Thursday, following an 11 percent rise in the volume traded but with a 50 percent greater value than on Wednesday, resulting from an exchange of four securities, compared to four on Wednesday with prices of two rising, two declining and no ending unchanged.
The market closed with an exchange of 810,331 shares for US$50,222 compared to 729,458 units at US$33,442 on Wednesday.
Trading averaged 202,583 stock units at US$12,556 versus 182,365 shares at US$8,360 on Wednesday, with a month to date average of 381,213 shares at US$9,156 compared with 395,795 units at US$8,879 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index declined 2.79 points to finish at 220.13.
The PE Ratio, a most used measure for computing appropriate stock values, averages eight. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Proven Investments popped 0.02 of a cent to close at 10.72 US cents after 3,414 stocks passed through the market, Sterling Investments dipped 0.13 of one cent to 1.51 US cents and closed after an exchange of 500 shares, Sygnus Credit Investments sank 0.5 of one cent and ended at 6.5 US cents after 678,949 units changed hands and Transjamaican Highway increased 0.01 of one cent in closing at 1.98 US cents with investors dealing in 127,468 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Decline for JSE USD Market
August 15, 2024 by
