The Jamaica Stock Exchange US dollar market closed lower on Tuesday, following an 83 percent slide in the volume of stocks traded with a 38 percent increase in value compared to Monday, resulting in the exchange of eight securities, as was the case on Monday and ended with prices of two rising, three declining and three ending unchanged.
The market closed with an exchange of 28,644 shares for US$13,387 compared to 169,339 stocks at US$9,714 on Monday. Trading ended with an average of 3,581 shares at US$1,673 compared to 21,167 stocks at US$1,214 on Monday, with a month to date average of 12,374 units at US$1,444 compared with January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index rose 1.90 points to finish at 243.43. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio one of the best known measures to determine appropriate stock values, averages 7.4. 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 trading, First Rock Real Estate USD share ended at 3.29 US cents after an exchange of 1,962 stocks, Proven Investments slipped 0.21 of a cent to 11.99 US cents with 2,468 units passing through the market, Sygnus Credit Investments remained at 6.8 US cents with an exchange of 410 shares and Transjamaican Highway declined 0.04 of a cent to finish at 2.8 US cents with 18,023 stock units changing hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.03 with traders dealing in 5,000 shares, JMMB Group 5.75% gained 15 cents to close at US$2 with 87 stock units switching owners. Productive Business Solutions 9.25% preference share sank 30 cents to US$10.40 as investors exchanged 644 units and Sygnus Credit Investments US 8% rose 39.96 cents to close at US$9 with a transfer of 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.