The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded declining 24 percent, with a 79 percent lower value than on Monday, resulting in an exchange of nine securities, similar to Monday, with prices of three rising, four declining and two ending unchanged.
The market closed with an exchange of 157,947 shares for US$7,208, after skidding from 206,542 stocks at US$34,989 on Monday.
Trading averaged 17,550 shares at US$801 compared to 22,949 stocks at US$3,888 on Monday, with a month to date average of 20,249 units at US$2,344, down from July’s average of 71,904 units for US$3,475.
The US Denominated Equities Index skidded 0.79 points to settle at 206.35. 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 10.3. 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, MPC Caribbean Clean Energy climbed 5.85 cents to 44.85 US cents with an exchange of 88 shares, Proven Investments increased 0.51 of one cent to finish at 10.79 US cents with 14,808 stocks changing hands, Sterling Investments popped 0.02 of one cent and ended at 2.12 US cents after an exchange of 14,639 shares. Sygnus Credit Investments sank 0.4 of a cent to close at 7.15 US cents in trading 17,889 units, Sygnus Real Estate Finance USD share declined 0.21 of a cent to end at 6 US cents with 13,021 stock units changing hands and Transjamaican Highway sank 0.19 of a cent in closing at 2.4 US cents with traders dealing in 97,409 shares.
In the preference segment, JMMB Group 7.5% ended at US$2.05 in an exchange of 11 stocks, Sygnus Credit Investments 8% remained at US$9.40 with investors trading 53 units and Sygnus Credit Investments E8.5% shed 0.01 of a cent in closing at US$9.71 after an exchange of 29 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.