Trading dropped back to more moderate levels on the Jamaica Stock Exchange US dollar market on Tuesday, with a 94 percent fall in the volume of stocks changing hands with 93 percent lower value than on Monday, resulting from trading in just three securities, compared to seven on Monday, with one rising, one declining and one ending unchanged.
A total of 132,703 shares were exchanged for US$3,992 compared with 2,048,216 units at US$53,374 on Monday.
Trading averaged 44,234 units at US$1,331 versus 292,602 shares at US$7,625 on Monday, with a month to date average of 73,686 shares at US$2,089 compared with 75,210 units at US$2,128 on the previous day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index increased by 4.19 points to 238.13.
The PE Ratio, a measure used in computing appropriate stock values, averaged 8.8. 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 between November 2023 and August 2024.
The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Productive Business Solutions fell 0.10 of a cent to US$1.836, with a mere 7 shares crossing the market, Proven Investments ended at 16 US cents in an exchange of 14,879 stocks and Transjamaican Highway increased 0.18 cents in closing at 1.44 US cents after 117,817 units were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
June 13, 2023 by
