Stocks traded on Thursday, with a drop of 60 percent, with a 38 percent lower value than on Friday on the Jamaica Stock Exchange US dollar market, following an exchange of seven securities, compared with eight on Friday, with prices of two rising, three declining and two ending unchanged.
The market closed with an exchange of 9,916 shares for US$2,439, after slumping from 24,870 stocks at US$3,934 on Friday.
Trading averaged 1,417 shares at US$348, down from 3,109 stocks at US$492 on Friday, with a month to date average of 36,719 units at US$2,934, having declined from 38,389 stocks at US$3,056 on the previous day and September, with an average of 127,542 units for US$6,557.
The US Denominated Equities Index dropped 1.14 points to wrap-up trading at 196.09. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.4. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, Margaritaville remained at 7 US cents in trading 94 shares, Proven Investments shed 0.25 of one cent in closing at 10 US cents after an exchange of 1,818 stock units, Sygnus Credit Investments gained 0.88 of one cent to 7.7 US cents with investors swapping a mere one share. Sygnus Real Estate Finance USD share popped 0.39 of a cent and ended at 6.39 US cents with traders crossing 312 units through the exchange and Transjamaican Highway slipped 0.06 of one cent to close at 2.68 US cents with investors dealing in 6,578 stocks.
In the preference segment, JMMB Group US8.5% dipped 14 cents to finish at US$1.15 in an exchange of 1,014 units and Sygnus Credit Investments 8% ended at US$10 after trading of 99 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.