Trading dived sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume and the value of stocks traded plunging sharply compared to trading on Tuesday, resulting in an exchange of five securities, down from nine on Tuesday with prices of one rising, three declining and one ending unchanged.
The market closed with an exchange of just 4,998 shares for a mere US$383 compared to 6,189,214 units at US$129,634 on Tuesday.
Trading averaged 1,000 shares at just US$77 compared to 687,690 shares at US$14,404 on Tuesday, with a month to date average of 284,130 stocks at US$6,365 compared with 367,404 units at US$8,215 on the previous day and August with an average of 297,880 units for US$8,245.
The US Denominated Equities Index popped 5.80 points to close at 234.08.
The PE Ratio, a well used measure to determine appropriate stock values, averages 7.8. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close of the market, First Rock Real Estate USD share ended at 4 US cents with 210 stock units crossing the market, 
Proven Investments slipped 0.01 of one cent to 9.99 US cents in switching ownership of 3,172 units, Sterling Investments dipped 0.1 of a cent to end at 1.4 US cents after 600 shares were traded and Transjamaican Highway edged 0.14 of one cent higher to 2.15 US cents and closed with 1,000 stock units being traded.
In the preference segment, JMMB Group 5.75% sank 9 cents to close at US$1.76 with 16 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD trading plunged Wednesday
September 5, 2024 by
