Trading dropped on the Jamaica Stock Exchange US dollar market on Thursday, with a 53 percent decline in the volume of stocks switching owners following a 25 percent drop in value compared with Wednesday, resulting in trading in four securities, down from five on Wednesday with prices of one rising, two declining and one ending unchanged.
The market closed with an exchange of 243,125 shares for US$8,678 compared to 514,418 stock units at US$11,601 on Wednesday.
Trading averaged 60,781 stocks at US$2,169 compared with 102,884 shares at US$2,320 on Wednesday, with a month to date average of 40,815 shares at US$2,892 compared with 39,547 units at US$2,938 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index dipped 0.03 points to close at 227.05.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.2. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share skidded 0.44 of a cent to 4.03 US cents with investors trading 6,958 shares, MPC Caribbean Clean Energy slipped 1 cent in closing at 69 US cents after an exchange of 95 stocks, Proven Investments ended at 12 US cents, with trading of 35,729 shares and Transjamaican Highway climbed 0.07 of a cent and ended at 2.09 US cents and closed after 200,343 stock units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading dropped on the JSE US dollar market
July 18, 2024 by
