Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands declining 87 percent, with the value 63 percent lower than on Tuesday, resulting in the trading of six securities, down from eight on Tuesday with one rising, three declining and two ending unchanged.
Trading closed with an exchange of 45,555 shares at US$14,460 compared to 343,792 units at US$39,382 on Tuesday.
Trading averaged 7,593 shares at US$2,410 compared with 42,974 shares at US$4,923 on Tuesday. Trading for the month to date averaged 51,949 shares at US$3,617 compared with 54,414 units at US$3,684 on the previous day. Trading in July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index gained 0.66 points to finish at 241.36.
The PE Ratio, a measure used to compute appropriate stock values, averages 9.2. The PE ratio is calculated using 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 no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents after 376 shares were traded, Margaritaville shed 0.4 of a cent to close at 11.1 US cents with investors trading 26,918 units, MPC Caribbean Clean Energy ended at 65 US cents in an exchange of 510 stock units, Proven Investments popped 0.3 of a cent to close at 14.8 US cents, with 7,529 stocks passing through the market and Sterling Investments dropped 0.03 of a cent and ended at 1.94 US cents with investors dealing in 215 units.
In the preference segment, JMMB Group 6% lost 5 cents to close at US$1 in an exchange of 10,007 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dives on the JSE USD Market
August 23, 2023 by
