Trading activity lost momentum on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with a 42 percent fall in the volume of stocks traded and a 52 percent drop in value from Monday, resulting in an exchange of seven securities, compared with 11 on Monday, with prices of three rising, one declining and three ending unchanged.
The market closed with an exchange of 801,096 shares worth US$51,913, down from 1,387,653 stocks at US$107,528 on Monday.
Trading ended with an average of 114,442 shares at US$7,416, in moving down from 126,150 units at US$9,775 on Monday. Trading for the month to date averages 97,621 units at US$8,294 within the range of 96,354 stock units at US$8,360 on the previous day, but lower than August that ended with an average of 115,072 units at US$12,480.
The US Denominated Equities Index increased 0.01 points to finish at 301.05. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16. 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, MPC Caribbean Clean Energy ended at 22.99 US cents with 236 stock units crossing the market,
Productive Business Solutions remained at 85 US cents after an exchange of 57 shares, Proven Investments ended at 6 US cents with a transfer of 12,946 shares. Quantas Advantage rallied 1.95 cents and ended at 13 US cents after an exchange of 1,543 stocks, Sterling Investments ended at 2.2 US cents with investors trading 15,007 units, Sygnus Credit Investments rose 0.64 of one cent in closing at 6 US cents in an exchange of 299,590 stocks and Transjamaican Highway shed 0.5 of a cent to 6.74 US cents with investors trading 471,717 shares.
Prices of securities trading are those of the last transaction