No stock rallied at the close of trading on the Jamaica Stock Exchange US dollar market on Tuesday, following an exchange of seven securities, the same as trading on Friday and ended with prices of two declining and five ending unchanged after the market activity resulted in little change in the volume of stocks changing hands, with a 17 percent drop in value than on Friday.
The market closed with an exchange of 494,867 shares for US$29,853 compared to 494,005 units at US$35,761 on Friday.
Trading averaged 70,695 shares at US$4,265 compared to 70,572 stocks at US$5,109 on Friday, with a month to date average of 582,215 units at US$14,409 compared with 621,999 shares at US$15,198 on the previous day and September that averaged 161,382 units for US$5,462.
The US Denominated Equities Index slipped 1.99 points to 223.69.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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.
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.
At the close of the market, MPC Caribbean Clean Energy ended at 65 US cents with 100 stock units clearing the market, Proven Investments sank 0.01 of one cent to 9.95 US cents in an exchange of 18,612 shares,
Sygnus Credit Investments remained at 7.3 US cents with 320,562 units changing hands and Transjamaican Highway skidded 0.1 of one cent in closing at 2.05 US cents with investors swapping 154,501 stocks.
In the preference segment, JMMB Group US8.5%preference share remained at US$1.09 after a transfer of 1,070 shares, JMMB Group 5.75% ended at US$1.98 as investors exchanged 10 stock units and Sygnus Credit Investments E8.5% remained at US$10.90 with a transfer of 12 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.