The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded dropping 79 percent with a 391 percent greater value than on Tuesday, resulting from an exchange of five securities, similar to Tuesday with prices of one rising, two declining and two ending unchanged.
The market closed with an exchange of 76,828 shares for US$34,980 compared to 358,439 units at US$7,128 on Tuesday.
Trading averaged 15,366 stock units at US$6,996 versus 71,688 shares at US$1,426 on Tuesday, with a month to date average of 282,888 shares at US$7,338 compared with 302,274 stock units at US$7,363 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index slipped 2.28 points to end the day at 221.53.
The PE Ratio, a most used measure for computing appropriate stock values, averages eight. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close of trading, Margaritaville ended at 8.09 US cents after an exchange of just one stock and Transjamaican Highway shed 0.08 of a cent to 1.9 US cents with investors trading 58,100 units.
In the preference segment, JMMB Group US8.5% preference share rose 2 cents to end at US$1.20 with 12,443 shares crossing the market. JMMB Group 5.75% remained at US$1.85 with a transfer of 5,384 stock units and Sygnus Credit Investments US 8% sank US$1 to close at a 52 weeks’ low of US$10 with investors swapping 900 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading slips on the JSE USD Market
August 21, 2024 by
