The US Dollar Market of the Jamaica Stock Exchange commenced trading in the new month on a downbeat note on Tuesday, with the volume of stocks traded declining 56 percent valued 42 percent lower value than on Monday. As was the case of Monday, the market closed with an exchange of 11 securities, with prices of five rising, three declining and three ending unchanged.
The market closed with an exchange of 517,105 shares for US$47,725 after sliding from trading of 1,186,972 stocks at US$82,527 on Monday.
Trading ended with an average of 47,010 shares at US$4,339, down from 107,907 stock units at US$7,502 on Monday, but down from August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index fell 3.71 points to conclude trading at 317.46. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 15.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, First Rock Real Estate USD share skidded 0.02 of a cent to end at 1.85 US cents with a transfer of 4,000 stock units, Productive Business Solutions rose a mere 0.01 of a cent in closing at 85 US cents after an exchange of 184 shares, Proven Investments ended at 6 US cents with investors trading 1,731 shares. Quantas Advantage lost 1.75 cents to finish at 9.89 US cents in an exchange of 2,300 units,
Sterling Investments gained 0.3 of one cent and ended at 2.3 US cents with 3,464 stocks clearing the market, Sygnus Credit Investments ended at 5.9 US cents as investors exchanged 6 shares. Sygnus Real Estate Finance USD share rose 0.09 of a cent to 4.79 US cents after trading of 10,703 stocks and Transjamaican Highway dipped 0.25 of one cent in closing at 7.5 US cents with 487,428 units changing hands.
In the preference segment, JMMB Group US8.5% advanced 0.1 of a cent to US$1.30 with a transfer of 7,245 stocks. AS Bryden 6% remained at 85 US cents with dealings in 11 units and Sygnus Credit Investments 8% remained at US$10.80 with 33 shares crossing the market.
Prices of securities trading are those of the last transaction.