The Jamaica Stock Exchange US dollar market slipped on Tuesday, following a rise in the volume of stocks traded, valued at 27 percent more than on Monday, Transjamaican Highway, toll-road operators, leading with the most stocks traded. Trading ended with five securities changing owners, down from 11 on Monday, with prices of one rising, two declining and two ending unchanged.
The market closed with an exchange of 272,089 shares for US$14,705, an increase from the 248,681 stocks at US$11,647 on Monday.
Trading ended with an average of 54,418 shares at US$2,953, rising from 22,607 stocks at US$1,059 on Monday, with a month to date average of 54,546 units at US$2,661 compared with 54,551 stocks at US$2,650 on the previous day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index slipped 2.33 points to conclude trading at 244.35. The Investor’s Choice bid-offer indicator shows two 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 11.6. 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 the market, MPC Caribbean Clean Energy advanced 1.01 cents to finish at 41 US cents with a mere one share crossing the market, Proven Investments remained at 11 US cents after traders swapped 60,154 stocks, Sygnus Real Estate Finance USD share rose 1.5 cents to end at 6.5 US cents with 1,818 shares clearing the market and Transjamaican Highway lost 0.01 of a cent in closing at 2.39 US cents after an exchange of 207,400 stock units.
In the preference segment, JMMB Group US8.5% ended at US$1.10 with investors trading 2,716 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.