Stocks mostly fell on the Jamaica Stock Exchange US dollar market on Tuesday, following an 80 percent fall in the volume of stocks traded with a 39 percent higher value than on Monday as trading expanded to 13 securities, up from eight on Monday, with prices of three rising, five declining and five ending unchanged.
The market closed with an exchange of 161,911 shares for US$40,305, significantly down from 815,187 stocks at US$28,912 on Monday.
Trading averaged 12,455 shares at US$3,100 well below 101,898 stocks at US$3,614 on Monday and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index slipped 8.55 points to close trading at 216.29. The Investor’s Choice bid-offer indicator shows no stock ended with the bid higher than the last selling price and just one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.2. 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 the market, AS Bryden lost 3.54 cents in closing at a 52 weeks’ low of 16 US cents with investors dealing in 5,559 shares, First Rock Real Estate USD share ended at 2.09 US cents with 9,634 units clearing the market, Margaritaville shed 1.35 cents to finish at 7.65 US cents in trading 3,823 shares. Productive Business Solutions remained at US$1.45 and closed with an exchange of 201 stock units, Proven Investments rallied 0.99 of a cent to end at 10.99 US cents after investors ended trading 41,699 stocks, Sterling Investments rose 0.01 of a cent to close at 1.97 US cents with 5,451 units passing through the market. Sygnus Real Estate Finance USD share gained 0.69 of a cent to end at 8.63 US cents with traders dealing in 656 stocks and Transjamaican Highway slipped 0.03 of one cent to finish at 2.67 US cents after an exchange of 71,933 shares.
In the preference segment, JMMB Group 7.5% preferred share remained at US$2.01 with investors trading 5,700 stock units, JMMB Group US8.5% preference share ended at US$1.03 with 16,924 shares switching owners, Productive Business Solutions 9.25% preference share dipped 20 cents to end at US$10.60 with investors swapping 48 stock units, Sygnus Credit Investments US 8% fell US$1.60 in closing at US$8.50 with a transfer of 13 units and Sygnus Credit Investments E8.5% ended at US$9.80 as investors exchanged 270 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.