The second half of the year started on a subdued note after trading volume fell 97 percent from Wednesday’s level, at the close of the Jamaica Stock Exchange US dollar market on Thursday with just two securities trading compared to five on Wednesday and ending with one rising and one closing unchanged.
The JSE USD Equity Index gained 2.91 points to end at 197.63. The PE Ratio, a measure used to compute an appropriate relative value for a stock, averages 12.3 based on ICInsider.com’s 2021-22 earnings forecast.
Just 51,500 shares traded for US$1,068, down from 1,883,005 units at US$310,293 on Wednesday.
Trading averaged 25,750 units at US$534, in contrast to 376,601 shares at US$62,059 on Wednesday.
Trading for June ended with an average of 87,444 units for US$6,162.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Sygnus Credit Investments traded 4,500 shares at 14.7 US cents and Transjamaican Highway rose 0.06 of a cents to 0.89 of a US cent with 47,000 stocks units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading falls short to start off Q3
July 1, 2021 by