Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands rising 13 percent valued 351 percent more than on Wednesday and resulting in gains for the market following trading of four securities, compared to nine on Wednesday with prices of three rising, one declining.
Overall, 1,133,465 shares were traded, for US$157,008 compared to 1,007,248 units at US$34,775 on Wednesday.
Trading on Thursday ended with an average of 283,366 shares for US$39,252, up from 111,916 units at US$3,864 on Wednesday, with a month to date average of 58,059 shares at US$4,937 compared to 51,844 units at US$3,990 on the previous day and August with an average of 57,291 units for US$4,251.
The US Denominated Equities Index gained 5.02 points to finish at 257.64.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.1. 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 between November 2023 and August 2024.
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, First Rock Real Estate USD share rose 0.77 of one cent to end at 5.89 US cents with investors transferring 31,520 shares, MPC Caribbean Clean Energy skidded 6 cents and ended at 54 US cents in switching ownership of 394 stocks, Proven Investments rallied 0.5 of a cent in closing at 14.5 US cents after trading of 1,089,571 stock units and Transjamaican Highway popped 0.04 of a cent to close at 1.74 US cents with an exchange of 11,980 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on the JSE USD Market
September 28, 2023 by