Stocks closed lower on the Jamaica Stock Exchange US dollar market on Tuesday, with a 39 percent fall in the volume of stocks exchanged after a 95 percent drop in value from Monday’s level, resulting in trading in three securities, compared to nine on Monday with prices of all three declining.
The market closed with an exchange of 89,247 shares for US$3,105 compared to 147,490 units at US$59,542 on Monday.
Trading averaged 29,749 units at US$1,035 versus 16,388 shares at US$6,616 on Monday, with a month to date average of 45,143 shares at US$2,837 compared with 46,086 units at US$2,947 on the previous day and May that ended with an average of 32,077 units for US$3,201.
The US Denominated Equities Index dipped 2.99 points to cease trading at 220.10.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. 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 and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, Margaritaville slipped 0.88 of one cent to close at 8 US cents as investors traded 23,880 stocks, Sterling Investments lost 0.07 of a cent in closing at 1.47 US cents after 27,852 units passed through the market and Transjamaican Highway declined 0.1 of a cent to close at 2.02 US cents with a transfer of 37,515 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives on JSE USD Market
June 11, 2024 by
