Trading on Tuesday ended with the volume of shares changing hands rising 253 percent as 451 percent more funds entered the market than on Monday at the close of the Jamaica Stock Exchange US dollar market, resulting in six securities trading, compared to eight on Monday with one rising, three declining and two ending unchanged.
The JSE US Denominated Equities Index slipped 1.43 points to end at 221.80.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.7 based on ICInsider.com earnings forecasts for companies with financial year ending, up to August 2023.
A total of 994,124 shares were traded, for US$93,195 compared to 281,548 units at US$16,917 on Monday. Trading averaged 165,687 units at US$15,533, compared to 35,194 shares at US$2,115 on Monday, with a month to date average of 116,613 shares at US$5,551 versus 111,260 units at US$4,463 on the previous day. March ended with an average of 59,258 units for US$6,669.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than the last selling prices and two stocks with lower offers.
At the close, Margaritaville remained at 16 US cents with the swapping of 60 shares, Proven Investments shed 0.29 of a cent to close at 24.71 US cents with 291,088 stocks changing hands, Sterling Investments declined 0.01 of a cent to end at 2.27 US cents in switching ownership of 171,082 stock units. Sygnus Credit Investments USD share dropped 0.1 of a cent after ending at 12.85 US cents while exchanging 101,766 units and Transjamaican Highway rose 0.07 of a cent in closing at 1.09 US cents, 429,590 stock units crossing the market.
In the preference segment, JMMB Group 5.75% ended unchanged at US$2.03 after exchanging 538 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks fall on the JSE USD market
April 12, 2022 by
