Trading on the Jamaica Stock Exchange US dollar market ended on Monday with a 53 percent decline in the volume of stocks changing hands, valued 71 percent lower than on Friday, resulting in trading of six securities, compared to nine on Friday, ending with two rising, one falling and three ending unchanged.
A total of 282,396 shares were exchanged for US$9,019, compared with 595,775 units at US$31,180 on Friday.
Trading averaged 47,066 shares at US$1,503 compared with 66,197 units at US$3,464 on Friday, with a month to date average of 55,329 shares at US$3,585 compared to 55,856 units at US$3,718 on the previous trading day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index gained 0.84 points to 247.37.
The PE Ratio, a measure used to compute appropriate stock values, averages 8.7. The PE ratio is calculated 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 one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents after 550 shares were exchanged, 
Margaritaville ended at 11.34 US cents after a transfer of 534 units, Proven Investments fell 0.3 of a cent in closing at 14.5 US cents as investors exchanged 6,245 stock units, Sygnus Credit Investments rallied 0.5 cents to 9 US cents, with 76 stock units changing hands and Transjamaican Highway rose 0.04 of a cent to 1.79 US cents after an exchange of 271,992 stocks.
In the preference segment, JMMB Group 6% ended at US$1.05, with shareholders swapping 2,999 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading nosedived on JSE USD Market
August 21, 2023 by
