Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with a 103 percent rise in the volume of stocks changing hands after a 63 percent drop in value compared to market activity on Monday, resulting in trading in five securities, compared to nine on Monday with prices of two rising, one declining and two ending unchanged.
The market closed with an exchange of 411,077 shares for US$8,093 compared to 202,283 units at US$21,876 on Monday.
Trading averaged 82,215 stock units at US$1,619 versus 22,476 shares at US$2,431 on Monday, with a month to date average of 46,448 shares at US$2,901 compared with 34,525 units at US$3,328 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index slipped 1.22 points to finish at 223.10.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden remained at 22.49 US cents in an exchange of 82 stock units, First Rock Real Estate USD share rallied 0.85 of one cent to 4.85 US cents with investors trading 2 shares, Margaritaville declined 0.3 of a cent in closing at 8.1 US cents, with 30 stocks crossing the market. Sterling Investments ended at 1.73 US cents with a transfer of 230 units and Transjamaican Highway popped 0.07 of a cent to end at 2.08 US cents after the trading of 410,733 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage for JSE USD Market
August 7, 2024 by
