Trading dropped on the Jamaica Stock Exchange US dollar market ended on Tuesday, with a 77 percent fall in the volume of stocks changing hands at a 55 percent lower value than on Monday and resulting in trading in six securities, down from 11 on Monday with prices of two rising, one declining and three ending unchanged.
The market closed with an exchange of 111,519 shares for US$25,798 down from 492,062 units at US$57,344 on Monday.
Trading averaged 18,587 units at US$4,300 versus 44,733 shares at US$5,213 on Monday, with a month to date average of 26,623 shares at US$3,978 compared with 28,230 units at US$3,914 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index skidded 0.58 points to lock up trading at 235.79.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. 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 one with a lower offer.
At the close, First Rock Real Estate USD share shed 0.43 of one cent to finish at 4.51 US cents after 87 units crossed the market, Proven Investments ended at 13.09 US cents in trading 64,242 stocks,
Sygnus Credit Investments poppd 0.3 of a cent to 7.9 US cents with 4,594 shares clearing the market and Transjamaican Highway climbed 0.11 of a cent to close at 2.14 US cents with an exchange of 34,429 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.20 after 67 shares crossed the market and JMMB Group 5.75% remained at US$2 in an exchange of 8,100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading down on the JSE USD Market
May 7, 2024 by
