Trading plunged on the Jamaica Stock Exchange US dollar market on Thursday, with 95 percent drop in the volume of stocks changing hands valued 89 percent less than on Wednesday and resulted from trading of just three securities, down from five on Wednesday with one rising, no declining and two ending unchanged.
Investors traded 6,525 shares for US$320 down from 130,502 units at US$2,973 on Wednesday.
Trading ended with an average of 2,175 shares for US$107 compared at 26,100 units at US$595 on Wednesday, with a month to date average of 28,974 stock units for US$1,459 compared to 30,123 units at US$1,517 on the previous day, and down sharply from November that closed with an average of 249,102 units for US$14,204.
The US Denominated Equities Index rallied 4.25 points to end at 223.13.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.2. 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 three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Proven Investments remained at 14 US cents with an exchange of 1,097 stocks and Transjamaican Highway popped 0.09 of a cent to close at 1.65 US cents after 5,354 shares were traded.
In the preference segment, JMMB Group 6% ended at US$1.05 with an exchange of 74 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunged on the JSE USD Market
December 21, 2023 by
