Trading pulled back on the Jamaica Stock Exchange US dollar market to start July on Tuesday, with the volume of stocks traded declining 91 percent with a 86 percent drop in value compared to trading on Monday, resulting in exchange of eight securities, down from 10 on Monday with prices of two rising, five declining and one ending unchanged, with the US Denominated Equities Index dipping 5.77 points to 204.73
The market closed with an exchange of 497,159 shares for US$23,827 compared to 5,779,467 stocks at US$171,261 on Monday.
Trading averaged 62,145 shares at US$2,978, compared to 577,947 stocks at US$17,126 on Monday, compared with June that ended with an average of 591,343 units for US$19,218.
The Investor’s Choice bid-offer indicator shows two 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 10.4. 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 advanced 0.16 of one cent to finish at 1.8 US cents with an exchange of 58,307 shares, Productive Business Solutions slipped 1 cent to US$1.19 after investors ended trading 20 stocks, Proven Investments sank 0.03 of one cent to close at 10.97 US cents with an exchange of 400 shares. Sygnus Credit Investments skidded 0.3 of one cent and ended at 7.6 US cents in switching ownership of 300 units, Sygnus Real Estate Finance USD share fell 0.9 of a cent in closing at 5.1 US cents with investors swapping 200 stock units and Transjamaican Highway declined 0.35 of one cent to end at 2.35 US cents after an exchange of 436,626 shares.
In the preference segment, JMMB Group US8.5% ended at US$1.10 with a transfer of 4 stocks and Sygnus Credit Investments E8.5% popped 8 cents to US$9.56, with 1,302 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.