Trading activity plunged on the Jamaica Stock Exchange US dollar market ended on Friday, with a 97 percent drop in the volume of stocks exchanged with a 97 percent dive in value compared with Thursday, resulting in trading in five securities, similar to trading on Thursday with the price of one rising, one declining and three ending unchanged.
The market closed with an exchange of 24,785 shares for a mere US$735 down sharply from 727,558 units at US$21,301 on Thursday.
Trading averaged 4,957 units at US$147 versus 145,512 shares at US$4,260 on Thursday, with a month to date average of 35,922 shares at US$3,373 compared with 39,147 units at US$3,709 on the previous day and April that ended with an average of 35,401 units for US$2,453.
The US Denominated Equities Index advanced 3.12 points to 236.49.
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 no stock ending with a higher bid than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share ended trading at 4.7 US cents after investors exchanged 1,992 shares, Proven Investments closed at 13.09 US cents with an exchange of 9 stocks and Transjamaican Highway advanced 0.01 of a cent to 2.16 US cents with an exchange of 22,756 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.27 after 15 stock units passed through the market and Sygnus Credit Investments E8.5% shed 14 cents to end at US$10.01 as investors exchanged 13 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plunges on JSE USD Market
May 10, 2024 by
