The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded declining 67 percent with an 82 percent lower value than Wednesday and similar to Wednesday trading resulting in an exchange of nine securities, with prices of two rising, four declining and three ending unchanged.
The market closed with an exchange of 466,535 shares for US$18,867 down sharply from 1,404,682 stock units at US$104,481 on Wednesday. Trading averaged 51,837 shares at US$2,096 well below the 156,076 stocks at US$11,609 on Wednesday, with a month to date average of 196,915 units at US$9,622 compared with 205,232 stocks at US$10,054 on the previous day and October that ended with an average of 426,617 units for US$11,189. The US Denominated Equities Index increased by 0.22 points to conclude trading at 252.36. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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 of the market, First Rock Real Estate USD share sank 0.05 of a cent to finish at 2.45 US cents with traders dealing in 21 stocks, Margaritaville ended at 8 US cents in an exchange of 2 units, MPC Caribbean Clean Energy declined 4 cents to end at 50 US cents with investors trading 209 shares. Proven Investments remained at 11.1 US cents in an exchange of 49,575 stock units, Sygnus Credit Investments remained at 7 US cents and closed after 160 shares changed hands and Transjamaican Highway lost 0.2 of a cent to close at 2.76 US cents in trading 416,368 stock units. In the preference segment, JMMB Group US8.5% preference share popped 2 cents to US$1.11 after 89 stocks passed through the market, Productive Business Solutions 9.25% preference share rose 14 cents and ended at US$10.44 with investors trading 106 units and Sygnus Credit Investments E8.5% slipped US$1.49 in closing at a 52 weeks’ low of US$8.51 with just 5 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.