The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded declining by 84 percent, at a 94 percent lower value than on Tuesday, resulting in an exchange of five securities, compared with seven on Tuesday, with no price gains, three declining and two ending unchanged.
The market closed with an exchange of 208,255 shares for US$6,331, slumping from 1,323,683 stocks at US$100,037 on Tuesday.
Trading averaged 41,651 shares at US$1,266 compared with 189,098 stocks at US$14,291 on Tuesday, with a month to date average of 125,620 units at US$6,231 after dipping slightly from 128,801 stocks at US$6,419 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index sank 0.87 points to end at 192.95. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 8.8. The PE ratio is calculated by dividing the last traded price by projected earnings, computed by ICInsider.com for companies with a financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share dipped 0.47 of a cent in closing at 2.01 US cents with 1,140 shares clearing the market, Margaritaville ended at 8.1 US cents in an exchange of 5 stocks, Productive Business Solutions lost 10 cents to close at a 52 weeks low of 65 US cents with 157 shares crossing the market. Proven Investments remained at 10 US cents after a transfer of 10,583 stock units and Transjamaican Highway slipped 0.1 of a cent to end at 2.58 US cents with 196,370 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.