Trading volume dropped on the Jamaica Stock Exchange US dollar market on Monday, with a 59 percent drop in the number of stocks traded with a 13 percent greater value than on Friday, resulting in the exchange of five securities, compared to six on Friday with prices of two rising, one declining and two ending unchanged.
The market closed with an exchange of 86,270 shares for US$8,297 compared to 207,924 units at US$7,317 on Friday.
Trading averaged 17,254 stock units at US$1,659 versus 34,654 shares at US$1,220 on Friday, with a month to date average of 320,289 shares at US$7,827 compared with 345,970 units at US$8,349 on the previous day and July with an average of 30,304 units for US$2,118.
The US Denominated Equities Index popped 0.14 points higher to finish at 219.70.
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 no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, Margaritaville lost 0.5 of one cent in closing at 7.9 US cents, with 9,986 stocks passing through the exchange, Proven Investments ended at 10.1 US cents with investors dealing in 68,082 units and Transjamaican Highway rose 0.02 of a cent to close at 1.91 US cents, with 7,775 shares crossing the market.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.18 with investors trading 420 stock units and Sygnus Credit Investments E8.5% gained 19.98 cents and ended at US$9.70 after an exchange of 7 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mixed trading for JSE USD Market
August 19, 2024 by
