The Jamaica Stock Exchange US dollar market closed on Tuesday, with a 26 percent rise in the volume of stocks traded as 89 percent more funds entered the market than on Monday, resulting in an exchange of seven securities, down from 13 on Monday, with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 1,323,683 shares for US$100,037 rising from 1,046,928 stocks at US$52,952 on Monday.
Trading averaged 189,098 shares at US$14,291 jumping from 80,533 stocks at US$4,073 on Monday, with a month to date average of 128,801 units at US$6,419 well in line with 125,424 stocks at US$5,978 on the previous day compared to August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index declined 5.15 points to close trading at 193.72. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.3. 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 2026.
At the close of trading, MPC Caribbean Clean Energy ended at 44.84 US cents with investors dealing in 600 shares, Productive Business Solutions dipped 10 cents to close at a 52 week low of 75 US cents after a transfer of 7,160 stocks, Proven Investments rose 0.1 of a cent to end at 10 US cents with 145,798 units passing through the market. Sterling Investments sank 0.03 of one cent to finish at 2 US cents in an exchange of 15,172 shares, Sygnus Credit Investments skidded 0.05 of a cent to close at 7.26 US cents with investors trading 7,459 stock units and Transjamaican Highway rose 0.01 of one cent in closing at 2.68 US cents with 1,142,565 shares crossing the exchange.
In the preference segment, Sygnus Credit Investments 8% remained at US$10 with investors trading 4,929 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.