Trading activity fell on the Jamaica Stock Exchange US dollar market on Wednesday, with a 28 percent fall in the volume of stocks changing hands after a 31 percent decline in the value compared with Tuesday, resulting in trading in just four securities, down from seven on Tuesday with prices of two rising, one declining and one ending unchanged.
The market closed with an exchange of 233,494 shares for US$6,425 compared to 325,197 units at US$9,274 on Tuesday.
Trading for the day averaged 58,374 shares at US$1,606 compared to 46,457 shares at US$1,325 on Tuesday, with a month to date average of 38,241 shares at US$2,602 compared with 36,527 units at US$2,687 on the previous day and March that ended with an average of 49,394 units for US$3,593.
The US Denominated Equities Index gained 4.38 points to conclude trading at 242.35.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.3. 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 six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, First Rock Real Estate USD share rose 0.05 of a cent to finish at 4.07 US cents, with 5,559 shares passing through the exchange, Sygnus Credit Investments lost 0.9 of one cent and ended at 7.1 US cents after a transfer of 24,793 units, Sygnus Real Estate Finance USD share ended at 9 US cents as investors exchanged 100 stocks and Transjamaican Highway climbed 0.23 of one cent to end at 2.23 US cents after 203,042 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
April 10, 2024 by