Trading remained elevated on the Jamaica Stock Exchange US dollar market on Tuesday, even as the volume and value of stocks traded declined 97 percent and 93 percent, respectively, compared to Monday, and similar to Monday, there was an exchange of seven securities, with prices of three rising, one declining and three ending unchanged.
The market closed with an exchange of 844,825 shares for US$48,855 tumbling from 28,260,743 stocks at US$652,562 on Monday.
Trading averaged 120,689 shares at US$6,979 dropping from 4,037,249 stocks at US$93,223 on Monday, with a month to date average of 274,803 units at US$8,791 just below the 283,433 stocks at US$8,892 on the previous day and well above July with an average of 71,904 units for US$3,475.
The US Denominated Equities Index increased 8.03 points to wrap-up trading at 202.32. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with their financial year, ending around August 2026.
At the close of the market, First Rock Real Estate USD share remained at 1.95 US cents after investors exchanged 3,210 shares, Productive Business Solutions climbed 15.04 cents to end at US$1.15 as traders passed 12 stock units through the market, Proven Investments ended at 10 US cents with traders dealing in 33,504 shares. Sygnus Credit Investments shed 0.5 of one cent to finish at 6.5 US cents with 620,208 stocks clearing the market and Transjamaican Highway popped 0.07 of one cent and ended at 2.45 US cents in an exchange of 187,293 units.
In the preference segment, JMMB Group US8.5% remained at US$1.12 as 597 stocks crossed the market and Sygnus Credit Investments 8% advanced 8 cents to US$9.53 with an exchange of a mere one unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.