Funds entering the US Dollar Market of the Jamaica Stock Exchange on Tuesday, climbed 446 percent over Monday’s levels, with the volume of traded rising 38 percent. Trading resulted in an exchange of six securities, up from five on Monday with prices of two rising and four declining.
The market closed with an exchange of 217,942 shares with a value of US$41,341 after climbing from 157,534 stock units at US$7,569 on Monday.
Trading ended with an average of 36,324 shares at US$6,890 after rising from 31,507 stock units at US$1,514 on Monday, with a month to date average of 46,004 shares at US$4,311 compared with 47,355 stock units at US$3,952 on the previous day and well below May, after closing with an average of 180,903 units for US$8,607.
The US Denominated Equities Index declined 0.81 points to finish at 235.11. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.7. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E 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 the trading, Productive Business Solutions advanced 6 cents to end at 40 US cents following trading of 1,527 shares, Proven Investments rose 0.8 of one cent to 6.89 US cents with 1,842 stocks being traded, Sterling Investments dipped 0.01 of one cent to finish at 1.99 US cents in an exchange of 30 units. Sygnus Credit Investments lost 0.1 of a cent and ended at 5.5 US cents with 41,128 shares crossing the market and Transjamaican Highway slipped 0.01 of a cent and ended at 4.67 US cents with investors dealing in 143,361 stock units.
In the preference share segment, JMMB Group US8.5% fell 5 cents to close at US$1.05 after a transfer of 30,054 shares.
Prices of stocks trading are those of the last transaction unless otherwise stated.