The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining 96 percent having an 89 percent lower value than Tuesday, resulting in the exchange of four securities, compared to six on Tuesday with prices of two rising and two declining.
The market closed with an exchange of 729,458 shares for US$33,442 compared to 16,703,911 units at US$317,585 on Tuesday.
Trading averaged 182,365 stock units at US$8,360 versus 2,783,985 shares at US$52,931 on Tuesday, with a month to date average of 395,795 stocks at US$8,879 compared with 414,766 units at US$8,925 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index increased 1.16 points to close at 222.92.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is calculated 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 three with lower offers.
At the close, First Rock Real Estate USD share dipped 0.01 of a cent in closing at 4.73 US cents with investors trading 3,847 stock units, 
Proven Investments lost 0.2 of a cent to end at 10.7 US cents after exchanging 217,718 shares and Transjamaican Highway rose 0.07 of a cent to close at 1.97 US cents with a transfer of 507,892 units.
In the preference segment, JMMB Group US8.5% preference share rose 12 cents to US$1.18 as investors exchanged just 1 stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE USD Market
August 14, 2024 by
