The value of Jamaica Stock Exchange US dollar market stocks jumped 89 percent on Thursday, with a 20 percent fall in the volume of stocks traded declining compared with that on Wednesday, resulting in the exchange of six securities, compared to five with prices of two rising, one slipping and three ending unchanged.
The market closed with an exchange of 61,468 shares for US$66,283 compared to 76,828 units at US$34,980 on Wednesday.
Trading averaged 10,245 stock units at US$11,047 compared with 15,366 shares at US$6,996 on Wednesday, with a month to date average of 262,440 shares at US$7,616 compared with 282,888 units at US$7,338 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index rose 1.86 points to conclude trading at 223.39.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8. 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 none ending with a bid higher than the last selling price and two with lower offers.
At the close, Margaritaville ended at 8.09 US cents as investors exchanged 200 shares, Proven Investments dropped 0.64 of one cent to 10 US cents after investors ended trading 21,764 stocks and Transjamaican Highway increased 0.01 of a cent in closing at 1.91 US cents after 2,291 shares changed hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.20 with traders dealing in 7,591 stock units, JMMB Group 5.75% ended at US$1.85 in switching ownership of 29,616 shares and Sygnus Credit Investments E8.5% climbed 30 cents to US$10 with investors swapping 6 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Jump in value of traded on JSE USD Market
August 22, 2024 by
