Trading plunged with a 72 percent lower volume of stocks changing hands valued 75 percent less than on Thursday at the close of the Jamaica Stock Exchange US dollar market on Friday and resulting in just three securities traded, compared to 10 on Thursday with one rising, one declining and one ending unchanged.
Overall, 145,630 shares were traded, for US$4,064 down compared with 526,142 units at US$16,546 on Thursday.
Trading averaged 48,543 units at US$1,355 compared with 52,614 shares at US$1,655 on Thursday, with a month to date average of 44,235 shares at US$1,284 compared with 43,804 units at US$1,277 on the previous day and September with an average of 73,281 units for US$5,102.
The US Denominated Equities Index declined 0.78 points to settle at 247.94.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. 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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share gained 0.2 of a cent to end at 4.4 US cents with investors dealing in 1,000 shares, Proven Investments ended at 14.69 US cents with traders dealing in 11,024 stock units and Transjamaican Highway declined 0.11 of a cent to 1.76 US cents as investors exchanged 133,606 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
October 6, 2023 by