Sluggish trading characterised activity on the Jamaica Stock Exchange US Dollar Market on Wednesday, with a 92 percent drop in the volume of stocks traded and a 90 percent plunge in value compared to Tuesday. At the close of the market, nine securities were exchanged, similar to trading on Tuesday, with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of just 196,825 shares for US$13,167, tumbling from 2,316,305 stocks at US$133,841 on Tuesday.
The market ended with an average of 21,869 shares trading at US$1,463, after plunging from 257,367 stock units at US$14,871 on Tuesday. Trading for the month to date averages 158,053 units at US$68,277 compared with 167,481 stock units at US$72,902 on the previous day and well below June, ending with an average of 625,703 units for US$203,999.
The US Denominated Equities Index advanced 1.93 points to wrap up trading at 274.06. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 12.4. 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 lost 0.16 of a cent to close at 1.87 US cents after a transfer of 7,936 stocks, Productive Business Solutions remained at 85 US cents with investors swapping 61 units, Proven Investments ended at 5.4 US cents with 80,223 shares crossing the market. Quantas Advantage gained 0.31 of a cent to finish at 8.61 US cents with a transfer of 4,758 stock units, Sygnus Credit Investments shed 0.5 of a cent and ended at a 52 weeks low of 4.8 US cents with 40,165 shares clearing the market, Sygnus Real Estate Finance USD share rose 0.73 of a cent to end at 5.19 US cents in an exchange of 392 stocks and Transjamaican Highway advanced 0.1 of one cent in closing at 6.1 US cents with investors trading 63,065 units.
In the preference segment, Sygnus Credit Investments 8% ended at US$11.10 in switching ownership of 41 stock units and Sygnus Credit Investments E8.5% remained at US$10 with 184 shares crossing the exchange.
The closing prices of securities are those of the last transaction.