The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded declining 54 percent, at the same time the value surged 361 percent compared with Wednesday, resulting in an exchange of six securities, down from eight on Wednesday. At the close the prices of three rose, two declined and one ended unchanged.
The market ended trading with an exchange of 297,049 shares worth US$114,196 in contrast to 648,148 stocks at US$24,798 on Wednesday.
Trading averaged 49,508 shares at US$19,033 compared to 81,019 stocks at US$3,100 on Wednesday, with a month to date average of 67,954 units at US$5,947 aligning closely with the previous day’s average of 69,966 shares at US$4,519 compared to February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index fell 0.89 points to close at 239.20. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values averages 10.9. 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.
At the close of trading, First Rock Real Estate USD share advanced 0.4 of one cent in closing at 2 US cents with a transfer of 3,125 stocks, Proven Investments rose 0.29 of a cent to 11 US cents after 10,258 units passed through the market, Sterling Investments dropped 0.01 of one cent and ended at 1.86 US cents, with an exchange of 1,000 stock units and Transjamaican Highway fell 0.06 of a cent to end at 2.45 US cents with 229,247 stock units crossing the exchange.
In the preference segment, JMMB Group 7.5% preferred share ended at US$2.01 with traders dealing in 53,416 shares and Sygnus Credit Investments E8.5% gained 20 cents to close at US$10 after clearing the market of 3 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.