The US Dollar Market of the Jamaica Stock Exchange commenced trading at the start of the second half of the year on Wednesday, on a subdued note, with a 12 percent drop in the volume of stocks traded at a 24 percent lower value than on Tuesday. The market closed with an exchange of five securities, down from seven on Tuesday, with the
price of one declining and four ending unchanged.
The market closed with an exchange of 90,111 shares for US$4,785, after slipping from 101,881 stock units at US$6,258 on Tuesday.
Trading ended with an average of 18,022 shares at US$957 compared to 14,554 stock units at US$894 on Tuesday, and down from June, with an average of 625,703 units for US$203,999.
The US Denominated Equities Index slipped just 0.52 points to wrap up trading at 245.38. 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 7.3. ICInsider.com compiles the earnings per share and the PE used in this report. The PE 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, Proven Investments ended at 6.89 US cents after an exchange of 106 stock units, Sygnus Credit Investments remained at 5.98 US cents with a transfer of 331 stocks and Transjamaican Highway dipped 0.09 of one cent to finish at 5.1 US cents with investors swapping 89,544 shares.
In the preference segment, JMMB Group US8.5% ended at US$1.24, with 25 stocks clearing the market and AS Bryden 6% remained at US$1, with investors trading 105 shares.
Closing prices of stocks are those of the last transaction.