Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 76 percent drop in the volume of stocks exchanged after 10 percent less dollars changed hands compared to Wednesday, resulting in trading in six securities, up from four on Wednesday with prices of no stocking rising, four declining and two ending unchanged.
The market closed with an exchange of 156,654 shares for US$16,462 down from 664,963 units at US$18,341 on Wednesday.
Trading averaged 26,109 units at US$2,744 compared with 166,241 shares at US$4,585 on Wednesday, with a month to date average of 34,714 shares at US$1,565 compared with 35,463 units at US$1,463 on the previous day and December with an average of 28,010 units for US$1,403.
The US Denominated Equities Index dropped 1.27 points to finish at 241.06, with the market still in positive territory for the year.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Margaritaville shed 0.52 of one cent in closing at 10 US cents with investors trading 22 stock units, Proven Investments sank 0.5 of a cent to 13 US cents, with 96,006 shares crossing the market, Sterling Investments ended at 1.6 US cents with traders dealing in 803 stocks. Sygnus Credit Investments dipped 1.3 cents to close at 7.7 US cents, with 35,749 units changing hands, Sygnus Real Estate Finance USD share remained at 7 US cents in trading 12,400 stocks and Transjamaican Highway lost 0.04 of a cent to end at 1.84 US cents with trading in11,674 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No rising stocks for JSE USD Market
January 18, 2024 by
