In Tuesday’s trading on the Jamaica Stock Exchange US dollar market, the volume of stocks that were exchanged rose 32 percent, with a 24 percent lower value than on Monday, resulting in trading in five securities, similar to trading on Monday, with prices of one rising, two declining and two ending unchanged.
The market closed with an exchange of 331,393 shares for US$15,388 up from 250,977 stock units at US$20,236 on Monday.
Trading averaged 66,279 stocks at US$3,078 compared to 50,195 shares at US$4,047 on Monday, with a month to date average of 26,802 shares at US$1,721 compared with 16,933 units at US$1,381 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index advanced 0.15 points to cease trading at 238.63.
The PE Ratio, a most used measure for computing appropriate stock values, averages 7.8. The PE ratio is computed 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 one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close of trading, MPC Caribbean Clean Energy ended at 61 US cents after an exchange of 200 units, Proven Investments remained at 13 US cents with investors trading 70,726 stocks, Sterling Investments dipped 0.04 of a cent to close at 1.49 US cents, with 8,000 shares passing through the exchange. Sygnus Credit Investments gained 0.7 of one cent to finish at 6.75 US cents with traders dealing in 14,667 stock units and Transjamaican Highway fell 0.02 of a cent and ended at 2.09 US cents after 237,800 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on JSE USD Market
July 9, 2024 by
