Stocks ended on the Jamaica Stock Exchange US dollar market on Thursday, with another day of shrinkage in the volume and value of stocks traded following the sharp decline on Wednesday, with investors exchanging 33 percent fewer shares valued at 54 percent less than on Wednesday.
Trading ended in an exchange of six securities, compared with nine on Wednesday, with the prices of three stocks rising, one declining and two ending unchanged.
The market closed with an exchange of 422,657 shares for US$21,798 compared to 631,514 stock units at US$47,545 on Wednesday.
Trading averaged 70,443 shares at US$3,633 compared to 70,168 stock units at US$5,283 on Wednesday, with a month to date average of 307,350 units at US$12,684, down from 321,017 stocks at US$13,206 on the previous day and March with an average of 92,288 units for US$8,588.
The US Denominated Equities Index climbed 0.40 points to close trading at 226.29. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, a frequently used measure to determine appropriate stock values, averages 11.5. 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, First Rock Real Estate USD share ended at 1.99 US cents with an exchange of 1,005 shares, Proven Investments remained at 11 US cents and closed with an exchange of 90 stock units, Sygnus Credit Investments advanced 0.9 of a cent to end at 7 US cents in switching ownership of 1,000 shares and Transjamaican Highway dipped 0.01 of a cent in closing at 2.5 US cents with investors swapping 415,112 stocks.
In the preference segment, JMMB Group 7.5% preferred share rose 1 cent and ended at US$2 in an exchange of 5,400 units and Sygnus Credit Investments US 8% climbed US$1.049 to finish at US$9.70 with 50 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.