Trading came to a virtual halt on Thursday as it sank drastically on the Jamaica Stock Exchange US dollar market, with a 99 percent plunge in the volume of stocks changing hands and a 93 percent collapse in value compared to Wednesday and resulting in the trading of three securities, similar to Wednesday with all three rising.
Overall, 10,110 shares were traded, for US$968 down sharply from 730,855 units at US$13,102 on Wednesday.
Trading averaged 3,370 units at US$323, versus 243,618 shares at US$4,367 on Wednesday, with a month to date average of 31,248 shares at US$1,691 down from 32,990 units at US$1,777 on the previous day and well off from November with an average of 249,102 units for US$14,204.
The US Denominated Equities Index rose 0.13 points to finish at 223.89.
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, Sygnus Real Estate Finance USD share climbed 0.29 of one cent to close at 7 US cents in an exchange of 81 stocks and Transjamaican Highway rose 0.05 of a cent to 1.7 US cents with 9,960 units crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share rallied 10 cents in closing at US$11.50 after an exchange of 69 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading sank on the JSE USD Market
December 14, 2023 by
