Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 74 percent jump in the volume of stocks changing hands, valued 198 percent more than on Monday, and resulting in six securities being traded, up from three on Monday with none rising, four declining and two ending unchanged.
Overall, 301,912 shares were traded for US$33,588 compared with 173,563 units at US$11,282 on Monday.
Trading averaged 50,319 units at US$5,598 compared to 57,854 shares at US$3,761 on Monday, with a month to date average of 240,933 shares at US$8,864 compared with 255,786 units at US$9,118 on the previous day. March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index lost 2.65 points to end at 237.28.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.9. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share fell 0.46 of a cent to close at 5.94 US cents after investors traded 13,000 shares, Margaritaville dropped 1.47 cents to land at 10 US cents while exchanging 42,183 stocks, Proven Investments dipped 0.11 of a cent in closing at 17.49 US cents after a transfer of 101,600 units, Sygnus Credit Investments shed 0.41 of a cent in ending at 9.03 US cents with the swapping of 100,021 stock units and Transjamaican Highway remained at 1.14 US cents in switching ownership of 44,108 stock units.
In the preference segment, JMMB Group 6% ended at US$1.08 with investors transferring 1,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market drops
April 25, 2023 by
