Falling stocks descended on the Jamaica Stock Exchange US dollar market in droves following an exchange of nine securities, up from eight on Tuesday with prices of two rising, six declining and one ending unchanged on Wednesday, resulting from a 201 percent rise in the volume of stocks traded values 25 percent more than on Tuesday.
The market closed with an exchange of 149,669 shares for US$12,181 compared to 49,694 stocks at US$9,736 on Tuesday. Trading ended with an average of 16,630 shares at US$1,353 compared with 6,212 stocks at US$1,217 on Tuesday, with a month to date average of 14,652 units at US$1,017 compared with 13,878 stocks at US$885 on the previous day and October that ended with an average of 426,617 shares for US$11,189.
The US Denominated Equities Index fell 1.81 points to 235.34. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, First Rock Real Estate USD share dipped 0.02 of a cent to close at 3.97 US cents in the trading of 554 stock units, Margaritaville slipped 0.01 of one cent to 8.99 US cents after an exchange of 354 shares, Proven Investments fell 0.19 of one cent in closing at 12.81 US cents with investors trading 1,024 units. Sygnus Credit Investments ended at 7 US cents after an exchange of 1,350 stocks, Sygnus Real Estate Finance USD share edged 0.09 of one cent lower to 5 US cents with investors trading 20,572 units and Transjamaican Highway declined 0.09 of a cent to end at 2.11 US cents after closing with 118,747 stock units changing hands.
In the preference segment, JMMB Group US8.5% preference share shed 10 cents in closing at US$1.09 as investors exchanged 7,000 shares, Sygnus Credit Investments US 8% increased 77 cents to US$10 in switching ownership of 50 stock units and Sygnus Credit Investments E8.5% climbed 21 cents to close at US$10.21 with investors swapping 18 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.