Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 2,471 percent jump in the volume of stocks changing hands after 2,078 percent more US dollars changed hands than on Wednesday, resulting in trading in five securities, compared to three on Wednesday with prices of two rising, one declining and two ending unchanged.
The market closed with an exchange of 393,307 shares for US$18,728 up from 15,298 units at US$860 on Wednesday.
Trading averaged 78,661 stock units on Thursday for US$3,746 compared with 5,099 shares at US$287 on Wednesday, compared to January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index rallied 1.75 points to finish at 251.01.
The PE Ratio that is used in computing appropriate stock values, averages 10.5 for the JSE USD market. 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 three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share lost 0.97 of one cent to end at 4.03 US cents with investors swapping 30,000 units, Proven Investments climbed 1.09 cents to end at 13.3 US cents, with 1,193 stock units crossing the exchange, Sygnus Credit Investments popped 0.47 of a cent in closing at 8.97 US cents after trading 160 shares and Transjamaican Highway remained at 2 US cents after an exchange of 351,954 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.03 with investors dealing in 10,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Positive start for February by JSE USD market
February 1, 2024 by
