The US Dollar Market of the Jamaica Stock Exchange lost ground on Thursday following an exchange of seven securities, compared with eight on Wednesday, with prices of four rising, two declining and one ending unchanged. Trading resulted in the volume of stocks changing hands declining by 75 percent and the value ending 69 percent lower than on Wednesday.
The market closed with an exchange of 563,158 shares for US$24,398 after tumbling from 2,237,272 stock units at US$79,651 on Wednesday.
Trading ended with an average of 80,451 shares at US$3,485, dropping from 279,659 stock units at US$9,956 on Wednesday, with a month to date average of 121,331 units at US$12,397 compared with 130,870 stock units at US$14,477 on the previous day and January that ended with an average of 80,722 units for US$9,110.
The US Denominated Equities Index skidded 2.75 points to finish at 259.93. 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 used measures to determine appropriate stock values, averages 9.8 . The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of the market, AS Bryden slipped 0.01 of a cent and ended at 24.99 US cents in an exchange of one share, Proven Investments dropped 0.52 of a cent to 8.28 US cents with traders dealing in 43,761 stock units, Sterling Investments gained 0.08 of a cent in closing at 1.77 US cents after exchanging 12,325 shares. Sygnus Credit Investments popped 0.29 of a cent to close at 6.99 US cents after trading of 3,276 units and Transjamaican Highway increased 0.07 of one cent to finish at 4 US cents after an exchange of 503,768 stocks.In the preference segment, AS Bryden 6% remained at US$1 with investors dealing in 4 units and Productive Business Solutions 9.25% climbed 8 cents in closing at US$10.88 with 23 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.