Trading remained subdued on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with the volume of stocks traded declining by 27 percent with a 31 percent lower value than on Monday to only 324,062 shares changing hands for US$16,054, down from 442,856 stock units at US$23,193 on prior day, Market activity ended with an exchange of eight securities, up from six on Monday with prices of three rising, four declining and one ending unchanged.
Trading ended with an average of 40,508 shares at US$2,007, in slipping from 73,809 stock units at US$3,866 on Monday, well below the month to date average of 211,294 units at US$9,722 and 227,181 stock units at US$10,439 on the previous day and April, with an average of 121,441 units for US$6,732.
The US Denominated Equities Index skidded 6.75 points to 266.18. The Investor’s Choice bid-offer indicator shows five 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 9.8. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E 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, MPC Caribbean Clean Energy shed 0.44 of one cent in closing at 37.5 US cents in an exchange of 69 shares, Productive Business Solutions declined 7 cents to US$1.10 with investors dealing in a mere one unit, Proven Investments gained 0.01 of one cent to finish at 6.99 US cents after an exchange of 19,967 shares. Sterling Investments ended at 2 US cents, following the trading of 30,797 stocks, Sygnus Credit Investments lost 0.01 of one cent in closing at 5.99 US cents as investors exchanged 199 stock units and Transjamaican Highway rose 0.02 of one cent to end at 4.79 US cents after traders swapped 272,859 shares.
In the preference segment, JMMB Group US8.5% rallied 1 cent to US$1.11 with 75 stocks passing through the market and Sygnus Credit Investments E8.5% dropped US$1.45 to finish at US$10 in trading 95 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.