Trading skidded on the Jamaica Stock Exchange US dollar market on Thursday with an exchange of seven securities, compared with six on Wednesday with the volume of stocks traded slumping 98 percent and the value dropping by 74 percent in comparison to Wednesday and ended with prices of two stocks rising, four declining and one ending unchanged.
The market closed with an exchange of 176,396 shares for US$76,642 compared to 10,853,995 stock units at US$299,532 on Wednesday.
Trading ended with an average of 25,199 shares at US$10,949 a drop from 1,808,999 stocks at US$49,922 on Wednesday, with the month to date averaging 130,523 units at US$5,345 compared with 136,283 stocks at US$5,038 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index fell 0.17 points to end at 236.63. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.2. 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, Proven Investments slipped 0.29 of a cent to close at 12.5 US cents as investors exchanged 1,315 shares, Sterling Investments popped 0.05 of a cent to 1.8 US cents after a transfer of 7,059 stocks, Sygnus Credit Investments lost 0.8 of one cent to end at 6.15 US cents with investors ending up trading 5,200 shares and Transjamaican Highway remained at 2.8 US cents in an exchange of 92,394 stock units.
In the preference segment, JMMB Group US8.5% preference share skidded 13 cents and ended at US$1 with 70,361 shares changing hands, JMMB Group 5.5% fell 30.75 cents to finish at US$1.74 after an exchange of a mere two stocks and Productive Business Solutions 9.25% preference share rallied 10 cents to US$10.80 with 65 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
