The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded declining 5 percent with 31 percent more value than on Monday, resulting in an exchange of seven securities, compared with eight on Monday with prices of two rising, four declining and one ending unchanged.
The market closed with an exchange of 233,083 shares for US$9,836 compared to 245,926 stocks at US$7,499 on Monday. Trading averaged 33,298 shares at US$1,405 up from 30,741 units at US$937 on Monday, with a month to date average of 31,934 shares at US$1,156 compared with an average of 115,433 units for US$5,430 in February
The US Denominated Equities Index dipped 0.37 points to settle at 224.20. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.7. 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.
At the close of trading, First Rock Real Estate USD share rallied 0.49 of one cent to close at 2.09 US cents with 20,198 stock units crossing the market, Proven Investments dipped 0.2 of a cent to 11.3 US cents with investors dealing in 6,663 shares, Sterling Investments shed 0.02 of one cent and ended at 1.88 US cents in an exchange of 235 stocks. Sygnus Credit Investments ended at 7 US cents and closed with an exchange of 3,490 stock units and Transjamaican Highway fell 0.02 of one cent in closing at 2.38 US cents after 202,134 shares passed through the market.
In the preference segment, Productive Business Solutions 9.25% preference share sank 25 cents to finish at US$10.25 after a transfer of 93 units and Sygnus Credit Investments E8.5% rose 6 cents to US$9.80 in trading 270 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.