Trading on Tuesday ended with the volume of shares trading declining 87 percent with a 71 percent drop in value compared to Monday, at the close of the Jamaica Stock Exchange US dollar market, with only two securities traded compared to eight on Monday with one rising and one ending unchanged.
The JSE US Denominated Equities Index gained 0.74 points to end at 207.22. The PE Ratio, a measure used in computing appropriate stock values, averages 14.3. The PE ratios are computed based on ICInsider.com earnings forecasts for companies with financial years, up to August 2022.
Overall, 92,125 shares traded, for US$22,039 compared to 695,062 units at US$76,850 on Monday. Trading averaged 46,063 units at US$11,019, compared to 86,883 shares at US$9,606 on Monday and month to date averages 62,575 shares at US$5,747 versus 63,060 units at US$5,592 on the previous day. February ended with an average of 87,719 units for US$9,318.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling prices and three with lower offers.
At the close, Proven Investments remained at 24 US cents with an exchange of 91,900 shares and Transjamaican Highway rallied 0.03 of a cent to 0.88 US cents after trading at 225 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading sinks on JSE USD market
March 15, 2022 by