Trading on the USD market of the Jamaica Stock Exchange closed on Tuesday, with the market index declining as investors traded 26 percent fewer shares than on Monday at 453 percent less the value, resulting in more stocks falling than rising.
Trading ended with five securities changing hands, compared to eight on Monday with prices of one stock rising, three declining and one remaining unchanged.
The JSE USD Equity Index fell 2.02 points to end at 194.14. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 12 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall, 223,012 shares traded, for US$22,412 compared to 301,164 units at US$6,113 on Monday. Trading averaged 44,602 units at US$4,482, in contrast to 37,896 shares at US$764 on Monday. The month to date averaged 82,621 units at US$4,516 in contrast to 84,733 units at US$4,517 on Monday. May ended with an average of 138,035 units for US$17,391.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Capital declined by 0.98 of a cent to end at 8 US cents with an exchange of 163,018 stock units, Proven Investments 0.8 of a cent to 25.05 US cents, with ownership of 11,428 stock units switching, Sygnus Credit Investments dropped 1 cent to 14 US cents with 30,400 shares traded and Transjamaican Highway closed at 0.82 of a US cent with 16,686 units crossing the exchange.
In the preference segment, JMMB Group 6% gained 3 cents to finish at US$1.03, with 1,480 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.