Trading on the Jamaica Stock Exchange US dollar market ended on Monday with a 23 percent decline in the volume of stocks changing hands valued 35 percent more than on Friday and resulting in the trading of four securities, down from 11 on Friday with one rising, two declining and one ending unchanged.
Overall, 764,260 shares were exchanged for US$20,272 compared to 992,059 stock units at US$15,037 on Friday.
Trading on Monday averaged 191,065 shares at US$5,068 compared to 90,187 shares at US$1,367 on Friday, with a month to date average of 74,695 shares for US$2,303 compared with 69,154 units at US$2,171 on the previous trading day. May ended with an average of 43,350 units for US$2,759.
The US Denominated Equities Index dipped 1.17 points to settle at 241.01.
The PE Ratio, a measure used in computing appropriate stock values, averages nine. 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 two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share shed 0.5 of a cent to close at 5 US cents with stakeholders trading 7,000 shares, Proven Investments dipped 0.3 of one cent to 15.7 US cents as investors traded 55,445 stock units, Sterling Investments rallied 0.01 of a cent to 1.6 US cents in trading 688,125 units and Transjamaican Highway remained at 1.44 US cents, with 13,690 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume drops on the JSE USD Market
June 19, 2023 by