Trading plunged on the US Dollar Market of the Jamaica Stock Exchange on Thursday, with the volume of stocks traded diving 78 percent and the value dropping 77 percent compared with Wednesday, resulting in an exchange of seven securities, compared with eight
The market closed with an exchange of 162,743 shares for US$10,161 after tumbling from 725,559 stock units at US$44,277 on Wednesday.
Trading ended with an average of 23,249 shares at US$1,452, down from 90,695 stock units at US$5,535 on Wednesday. Trading for the month to date averages 177,332 units at US$90,753 compared with 188,685 stock units at US$97,333 on the previous day and June , which ended with an average of 625,703 units for US$203,999.
The US Denominated Equities Index dipped 0.41 points to conclude trading at 279.01. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 12. ICInsider.com compiles the earnings per share and the PE used in this report. The PE 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 trading, Margaritaville popped 0.5 of one cent to 6 US cents with investors transferring 45 stocks, Proven Investments fell 0.03 of a cent and ended at 6.76 US cents with investors swapping 81 shares, Quantas Advantage skidded 0.59 of one cent in closing at 9.61 US cents in an exchange of 8,000 stocks. Sygnus Credit Investments lost 0.04 of a cent to close at 5.55 US cents with 17,589 units changing hands, Sygnus Real Estate Finance USD share dipped 0.56 of one cent to end at 4.59 US cents with 1,500 shares crossing the exchange and Transjamaican Highway gained 0.05 of one cent to finish at 5.92 US cents in trading 135,198 stock units.
In the preference share segment, JMMB Group US8.5% rose 4 cents and ended at US$1.24 after an exchange of 330 units.
Closing prices of stocks are those of the last transactio