Trading declined sharply on the Jamaica Stock Exchange US dollar market at the close on Thursday, with the volume of stocks dropping 91 percent with a 18 percent lower value than on Wednesday, resulting in exchange of six securities, compared with four on Wednesday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 197,380 shares for US$50,568, down from 2,301,473 stock units at US$61,640 on Wednesday.
Trading ended with an average of 32,897 shares at US$8,428 well below the 575,368 stock units at US$15,410 on Wednesday, with a month to date average of 57,275 units at US$2,786 in line with 58,464 stocks at US$2,511 on the previous day, compared to April with an average of 261,717 units for US$10,686.
The US Denominated Equities Index sank 2.22 points to conclude trading at 244.75. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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, First Rock Real Estate USD share slipped 0.18 of a cent in closing at 1.8 US cents with an exchange of 38,300 shares, Proven Investments rallied 0.05 of a cent to 11 US cents with 57,314 stock units clearing the market, Sygnus Credit Investments remained at 6.7 US cents after a transfer of 14,279 shares and Transjamaican Highway lost 0.01 of one cent and ended at 2.49 US cents 68,506 stocks changing hands.
In the preference segment, JMMB Group 7.5% preferred share increased 2 cents to finish at US$2 after an exchange of 18,592 units and Productive Business Solutions 9.25% climbed 31 cents to close at US$10.42 with a transfer of 389 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.