The Jamaica Stock Exchange US dollar market closed on Tuesday, with an 83 percent fall in the volume of stocks traded, having a 79 percent lower value than on Monday, resulting in an exchange of three securities, compared with nine on Monday, with prices of one rising and two declining.
The market closed with an exchange of 36,279 shares for US$1,844, down from 219,406 stocks at US$8,853 on Monday.
Trading averaged 12,093 shares at US$615 compared to 24,378 units at US$984 on Monday, with a month to date average of 16,696 units at US$2,456, dipping from 17,032 stocks at US$2,591 on the previous day and July that ended with an average of 71,904 units for US$3,475.
The US Denominated Equities Index skidded 0.93 points to finish at 205.00. The Investor’s Choice bid-offer indicator shows no stock ending 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 the last traded price, divided by projected earnings, computed by ICInsider.com for companies with the fiscal year ending around August 2025.
At the close of the market, First Rock Real Estate USD share advanced 0.04 of a cent to finish at 1.99 US cents with investors trading 28 shares, Sygnus Credit Investments shed 0.2 of a cent and ended at 7 US cents after an exchange of 21,251 units and Transjamaican Highway slipped 0.03 of a cent to 2.37 US cents in trading 15,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.