Trading jumped on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks exchanged rising 317 percent after 240 percent more funds passed through the market than on Tuesday, resulting in trading in five securities, compared to six on Tuesday with prices of two rising, one declining and two unchanged.
The market closed with an exchange of 514,418 shares for US$11,601 compared to 123,275 units at US$3,408 on Tuesday.
Trading averaged 102,884 stock units at US$2,320 versus 20,546 shares at US$568 on Tuesday, with a month to date average of 39,547 shares at US$2,938 compared with 34,087 units at US$2,992 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index slipped 0.14 points to end at 227.08.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.3. The PE ratio is computed 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 two with lower offers.
At the close, AS Bryden ended at 22.49 US cents, after 2,019 shares passed through the market, Proven Investments remained at 12 US cents with investors dealing in 1,000 units, Sterling Investments increased 0.19 of a cent to end at 1.77 US cents after a transfer of 25,550 stocks and Transjamaican Highway declined 0.03 of a cent to finish at 2.02 US cents with investors swapping 485,461 stock units.
In the preference segment, JMMB Group 5.75% climbed 22 cents and ended at US$1.95 in an exchange of 388 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD market
July 17, 2024 by
