The Jamaica Stock Exchange US dollar market closed higher on Wednesday, with the volume of stocks traded dropping 98 percent, with a 90 percent slide in the value compared to Tuesday, with more stocks rising than falling at the close.
Seven securities traded, similar to Tuesday with three rising, two declining and two ending unchanged. The JSE US Denominated Equities Index gained 5.84 points to end at 221.96.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.4. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending, up to August 2023.
Overall, 57,904 shares traded, for US$8,144 compared to 2,380,018 units at US$85,715 on Tuesday. Trading averaged 8,272 units at US$1,163, compared to 340,003 shares at US$12,245 on Tuesday, with a month to date average of 139,193 shares at US$5,089 versus 161,545 units at US$5,759 on the previous day. May ended with an average of 47,916 units for US$3,528.
Investor’s Choice bid-offer indicator shows two ended with bids higher than the last selling prices and four with lower offers.
At the close, First Rock Capital USD share finished at 7.5 US cents after 2,085 shares were traded, Margaritaville ended unchanged at 15 US cents, with sis stock units changing hands, MPC Caribbean Clean Energy climbed 18 cents to US$1.38 with a mere one stock units. Proven Investments declined 0.48 cents in ending at 26.01 US cents, with 21,053 units crossing the market, Sterling Investments popped 0.2 of a cent to end at 2.2 US cents, with 9,900 shares clearing the market, Sygnus Credit Investments USD share rallied 1.19 cents in ending at 12.4 US cents, with an exchange of 17,237 stock units and Transjamaican Highway shed 0.01 of a cent to 0.99 of one US cent in exchanging 7,622 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE US dollar market climbs
June 8, 2022 by
