The Jamaica Stock Exchange US dollar market closed on Wednesday, with a 24 percent fall in the volume of stocks traded valued at 49 percent less than on Tuesday, resulting from an exchange of eight securities, down from 12 on Tuesday with prices of one rising, two declining and five ending firm.
The market closed with an exchange of 328,177 shares for US$25,278 compared to 430,771 stocks at US$49,241 on Tuesday. Trading averaged 41,022 shares at US$3,160 compared to 35,898 stocks at US$4,103 on Tuesday, with a month to date average of 66,604 units at US$3,634 compared with 71,852 stocks at US$3,731 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index rallied 1.68 points to close at 234.69. 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 7.1. 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 ended at 2.4 US cents in an exchange of 7,000 stock units, Productive Business Solutions remained at US$1.45 with traders dealing in a mere 2 units, Proven Investments declined 0.85 of one cent to end at 11.15 US cents with 10,105 shares switching owners. Sygnus Credit Investments remained at 7 US cents after a transfer of 53,152 stock units and Transjamaican Highway rose 0.05 of a cent and ended at 2.79 US cents with 256,630 shares clearing the market.
In the preference segment, Productive Business Solutions 9.25% preferred share shed 20 cents to close at US$10.50 with investors dealing in 730 units. Sygnus Credit Investments US 8% ended at US$9.50 after an exchange of 508 stocks and Sygnus Credit Investments E8.5% remained at US$10 with just 50 stock units traded at the close of the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.