Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks changing hands rising 125 percent as the value surged 895 percent more than on Monday, resulting from trading in four securities, compared to nine on Monday with three rising and one declining.
Overall, 296,100 shares were traded for US$34,738 compared to 131,600 units at US$3,492 on Monday.
Trading averaged 74,025 units at US$8,685 compared to 14,622 shares at US$388 on Monday. Trading for the month to date averages 47,977 shares at US$4,392 up from 47,163 units at US$4,258 on the previous day. trading in September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index popped 12.76 points to settle at 226.01.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Productive Business Solutions rallied 20 cents and ended at US$1.60 after exchanging 3,546 units, Proven Investments increased 0.9 of one cent to 15.5 US cents with a transfer of 186,386 stocks, Sygnus Credit Investments dipped 0.02 of a cent to end at 8.68 US cents and closed, with 39 shares being traded and Transjamaican Highway climbed 0.11 of a cent in closing at 1.65 US cents with investors transferring 106,129 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE USD Market
October 31, 2023 by