Trading on the Jamaica Stock Exchange US dollar market ended on Friday, with the volume of stocks exchanged declining by 54 percent after 87 percent fewer US dollars changed hands compared to Thursday, resulting in trading in five securities, compared to seven on Thursday with price of one rising, one declining and three ending unchanged.
The market closed with an exchange of 72,092 shares for US$2,833 down from 157,614 stock units at US$22,646 on Thursday.
Trading averaged 14,418 units at US$567 compared with 22,516 shares at US$3,235 on Thursday, with a month to date average of 56,572 shares at US$6,228 compared with 62,268 units at US$6,993 on the previous day, but higher than January that ended with an average of 42,169 units for US$5,037.
The US Denominated Equities Index dropped 0.91 points to finish at 256.11.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.8. 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 five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Proven Investments ended at 13.49 US cents in switching ownership of 3,387 units, Sygnus Credit Investments remained at 8.9 US cents with traders dealing in 5 stocks, Sygnus Real Estate Finance USD share dipped 1 cent and ended at 7 US cents, with 987 shares crossing the market and Transjamaican Highway remained at 2.05 US cents with a transfer of 67,631 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drop on JSE USD Market on Friday
February 9, 2024 by
