Trading on the Jamaica Stock Exchange US dollar market ended on Friday, following a 72 percent fall in the volume of stocks changing hands with a 56 percent lower value than on Thursday, resulting in four securities being traded, compared to six on Thursday with one rising and three declining.
A total of 109,502 shares were exchanged for US$16,272 compared to 389,899 units at US$37,298 on Thursday.
Trading averaged 27,376 shares at US$4,068 compared with 64,983 units at US$6,216 on Thursday, with a month to date average of 51,787 shares at US$3,757 compared with 52,601 units at US$3,747 on the previous day. July ended with an average of 95,306 units for US$2,965.
The US Denominated Equities Index fell 2.01 points to end at 238.19.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, MPC Caribbean Clean Energy declined 4 cents to 53 US cents, with investors exchanging 292 shares, Proven Investments gained 0.2 of a cent and ended at 14.8 US cents in exchanging 108,621 stocks, Sygnus Credit Investments dipped 1.43 cents to 9.06 US cents, with 477 stock units changing hands and Transjamaican Highway dropped 0.05 of a cent in closing at 1.7 US cents in an exchange of 112 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading skids on JSE USD Market
August 25, 2023 by
