Trading on the Jamaica Stock Exchange US dollar market slipped on Monday, with the market index dipping and the volume of stocks changing hands declining 30 percent and the valued 27 percent lower than on Friday, resulting in just three securities trading, compared to five on Friday and ended with one rising and two unchanged.
A total of 353,880 shares were exchanged for US$40,414 compared with 506,557 units at US$55,262 on Friday.
Trading averaged 117,960 units at US$13,471 compared with 101,311 shares at US$11,052 on Friday, with a month to date average of 303,387 shares at US$7,528 compared with 313,883 units at US$7,192 on the previous day. Trading in March ended with an average of 172,829 units for US$12,793.
The US Denominated Equities Index dipped 2.45 points to close at 234.52.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 6 US cents, with 151,283 units traded, Proven Investments rallied 0.08 cents to end at 16.08 US cents, with 194,000 stocks passing through the market and Transjamaican Highway remained at 1.1 US cents after an exchange of 8,597 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dips on JSE USD Market
April 17, 2023 by
