Trading dropped on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume and value of stocks exchanged declining 49 percent compared to Monday, resulting in the exchanging of six securities, similar to that on Monday with prices of two rising, one declining and three ending unchanged.
The market closed with an exchange of 123,275 shares for US$3,408 down from 243,637 units at US$6,654 on Monday.
Trading averaged 20,546 shares at US$568 versus 40,606 stock units at US$1,109 on Monday, with a month to date average of 34,087 shares at US$2,992 compared with 35,649 units at US$3,271 on the previous day and June with an average of 53,325 units for US$3,682.
The US Denominated Equities Index increased 0.85 points to end the day at 227.22.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.2. The PE ratio is based on last traded prices and projected earnings computed by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AS Bryden ended at 22.49 US cents after 295 shares crossed the exchange, 
MPC Caribbean Clean Energy declined 0.15 of a cent to 70 US cents with a transfer of 151 stocks, Proven Investments remained at 12 US cents after an exchange of 7,654 units. Sterling Investments gained 0.05 of a cent to end at 1.58 US cents with investors swapping 14,193 stock units, Sygnus Credit Investments ended at 7.5 US cents after an exchange of 982 shares and Transjamaican Highway popped 0.05 of a cent and ended at 2.05 US cents with investors trading 100,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops for JSE USD Market
July 16, 2024 by
