US dollar denominated stocks traded lower on the Jamaica Stock Exchange on Tuesday, with a 65 percent decline in the volume of stocks exchanged with 42 percent less value than on Monday, resulting from trading in eight securities, compared to seven on Monday with prices of two rising, four declining and two ending unchanged.
The market closed with an exchange of 184,675 shares for US$7,820 compared to 533,385 units at US$13,379 on Monday.
Trading averaged 23,084 units at US$978 compared with 76,198 shares at US$1,911 on Monday, with a month to date average of 44,320 shares at US$2,462 compared to 46,616 units at US$2,623 on the previous day and May with an average of 32,077 units for US$3,201.
The US Denominated Equities Index fell 0.93 points to conclude trading at 218.98.
The PE Ratio, a measure used in computing appropriate stock values, averages eight. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, AS Bryden ended at 22 US cents, with 17,673 stocks changing hands, First Rock Real Estate USD share dipped 0.22 of one cent in closing at 4.5 US cents with an exchange of 264 units, Margaritaville advanced 1 cent to 9 US cents after 2,015 shares passed through the market. 
Proven Investments remained at 13 US cents with investors trading 1,993 stock units, Sterling Investments fell 0.14 of a cent to 1.46 US cents with trading of 11,000 shares and Transjamaican Highway slipped 0.05 of a cent to close at 1.95 US cents in trading 151,584 stock units.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent to US$1.27, with 130 stocks crossing the market and Sygnus Credit Investments E8.5% sank 90 cent to finish at US$10.10 with a transfer of 16 units.
Prices of securities trading are those for the last transaction of each stock unless
Stocks fall on JSEUSD Market
June 18, 2024 by
