Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks changing hands declining 41 percent but with a value that was 645 percent more than on Wednesday, resulting in three securities traded, compared to six on Wednesday with two rising and one declining.
Overall, 134,274 shares were traded, for US$39,564 compared to 228,802 units at US$5,310 on Wednesday.
Trading averaged 44,758 units at US$13,188, versus 38,134 shares at US$885 on Wednesday, with a month to date average of 26,499 shares at US$2,262 compared with 24,118 units at US$837 on the previous day. November ended with an average of 249,102 units for US$14,204.
The US Denominated Equities Index climbed 4.87 points to cease trading at 231.03.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.3. 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 four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Proven Investments gained 2 cents and ended at 15 US cents and closed after 10,770 stock units were traded and Transjamaican Highway rose 0.08 of a cent to 1.68 US cents while exchanging 89,004 shares.
In the preference segment, JMMB Group 6% skidded 2 cents in closing at US$1.06 with traders dealing in 34,500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading value jumps on JSE USD Market
December 7, 2023 by
