Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands rising 174 percent valued 262 percent more than on Tuesday, resulting in five securities traded, compared to four on Tuesday with prices of three stocks rising, one declining and one ending unchanged, with the US Denominated Equities Index skidded 2.61 points to close at 218.98.
Overall, 130,502 shares were traded, for US$2,973 compared with 47,641 units at US$822 on Tuesday.
Trading averaged 26,100 units at US$595, versus 11,910 shares at US$205 on Tuesday, with a month to date average of 30,123 shares at US$1,517 compared with 30,432 units at US$1,588 on the previous day in contrast November ended with an average of 249,102 units for US$14,204.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. 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 none with a lower offer.
At the close, Proven Investments gained 0.85 of a cent to close at 14 US cents after a transfer of 329 stocks, Sterling Investments rose 0.03 of a cent to end at 1.58 US cents with traders dealing in 16 shares, Sygnus Credit Investments climbed 0.2 of a cent in closing at 9 US cents in an exchange of 300 stocks and Transjamaican Highway sank 0.12 of a cent to close at 1.56 US cents, with 129,000 stock units crossing the market.
In the preference segment, JMMB Group 6% remained at US$1.05 after an exchange of 857 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up on JSE USD Market
December 20, 2023 by
