The volume of shares trading on Tuesday dropped trading 41 percent at 33 percent less value than on Monday, as the US dollar market of the Jamaica Stock Exchange closed, resulting in no stocks rising for the day.
Just three securities traded on Tuesday, compared to five on Monday with no stock rising, two declining and one remaining unchanged. The JSE US Denominated Equities Index gained 0.55 points to end at 178.74.
Overall, 195,595 shares traded for US$22,214 compared to 329,386 units at US$32,977 on Monday. The PE Ratio, a measure that computes appropriate stock values, averages 11.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading averaged 65,198 units at US$7,405, versus 65,877 shares at US$6,595 on Monday, while month to date averages 32,941 at US$7,111 versus t30,966 units at US$7,093 on Monday. August ended with an average of 210,413 units for US$12,959.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Capital fell 0.2 of a cent to 6.8 US cents with an exchange of 133,432 shares, Proven Investments dropped 0.13 of a cent to end at 22.01 US cents in switching ownership of 54,564 units and Sygnus Credit Investments US$ share remained at 12.5 US cents after trading 7,599 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
