Interest picked up in the Jamaica Stock Exchange US dollar market on Thursday, with a 277 percent jump in the volume of stocks traded accompanied by a 58 percent rise in value compared with Wednesday that resulted in trading in five securities, down from seven on Wednesday with prices of two rising, one declining and two ending unchanged.
The market closed with an exchange of 727,558 shares for US$21,301 compared to 193,096 units at US$13,524 on Wednesday.
Trading averaged 145,512 units at US$4,260 versus 27,585 shares at US$1,932 on Wednesday, with a month to date average of 39,147 shares at US$3,709 compared with 26,779 units at US$3,645 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index declined 3.12 points to end the day at 233.38.
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 one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, Proven Investments ended at 13.09 US cents with investors swapping 13,480 shares, Sygnus Credit Investments advanced 0.6 of one cent to 8.5 US cents with 200 stock units changing hands and Transjamaican Highway popped 0.05 of a cent to finish at 2.15 US cents in trading of 709,993 stock units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.27 as investors exchanged 3,882 stock units and Productive Business Solutions 9.25% preference share declined 59.56 cents in closing at US$11.05 with a mere 3 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD market
May 9, 2024 by
