Trading ended with the market declining after investors exchanged 39 percent fewer shares for 32 percent less funds on Tuesday than on Monday, on the Jamaica Stock Exchange US dollar market, resulting from declining stocks dominating market activity.
Trading ended with no stocks rising after five securities changed hands, up from four on Monday and ended with four stocks declining and one remaining unchanged. The JSE US Denominated Equities Index slipped 0.91 points to end at 184.82.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 110,662 shares traded for US$11,208 compared to 180,46 units at US$16,528 on Monday.
Trading averaged 22,132 units at US$2,242 compared to 45,115 shares at US$4,132 on Monday and month to date averages 93,349 at US$10,315 versus 98,436 units at US$10,892 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 two with lower offers.
At the close, Margaritaville shed 0.25 of a cent to 8.75 US cents with an exchange of 61,940 shares, Proven Investments fell 0.2 of a cent to 22.8 US cents with 9,402 stocks traded, Sterling Investments declined 0.24 of a cent to 1.9 US cents with a transfer of 30,205 units and Sygnus Credit Investments USD share dipped 0.6 of a cent to 12.3 US cents with 7,130 stock units crossing the exchange.
In the preference segment, JMMB Group 6% traded 1,985 shares at US$1.01.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
