The Jamaica Stock Exchange US dollar market started the new month with all round declines at the close on Thursday, with the volume of stocks traded declining and the value of stocks declining by 90 percent and 87 percent respectively compared to Wednesday, resulting in exchange of seven securities, compared with eight on Wednesday with prices of two rising, two declining and three ending unchanged.
The market closed with an exchange of 645,488 shares for US$23,415, down from 6,757,426 stock units at US$185,982 on Wednesday.
Trading averaged 92,213 shares at US$3,345, well below the 844,678 stock units averaging US$23,248 on Wednesday, compared to April, with an average of 261,717 units for US$10,686.
The US Denominated Equities Index dipped 4.71 points to conclude trading at 221.45. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.5. 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, First Rock Real Estate USD share ended at 1.99 US cents in switching ownership of 11,315 shares, Proven Investments remained at 11 US cents and closed with 86,332 stock units changing hands, Sterling Investments sank 0.4 of a cent and ended at 2 US cents as investors exchanged 34,543 shares and Transjamaican Highway lost 0.54 of one cent to end at 2.46 US cents with a transfer of 512,281 stocks.
In the preference segment, JMMB Group US8.5% preference share climbed 0.09 of a cent in closing at US$1.001 with investors dealing in 600 units, AS Bryden ended trading at US$1 with 400 shares crossing the market and Sygnus Credit Investments E8.5% rallied 0.01 of one cent to US$10 with traders dealing in 17 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.