Trading dropped on the Jamaica Stock Exchange US dollar market closed higher on Thursday, with an 18 percent fall in the volume of stocks that changed hands, with a 45 percent lower value than on Wednesday, following trading in 10 securities compared with seven on Wednesday as prices of three rose, four declined and three ended unchanged.
The market closed with an exchange of 217,386 shares for US$11,618, falling from 264,864 stocks at US$21,126 on Wednesday.
Trading averaged 21,739 shares at US$1,162, a fall from 37,838 stocks at US$3,018 on Wednesday, with a month to date average of 35,126 stock units at US$1,673, which is closely aligned with the 38,313 stocks at US$1,794 on the previous day and well below April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index squeezed out a 0.62 points rally to end at 248.20. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.9. 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 of the market, First Rock Real Estate USD share remained at 1.8 US cents after traders transferred 55,027 shares, Margaritaville lost 1.1 cents in closing at 6.9 US cents with investors trading 286 units, Proven Investments ended at 10.99 US cents with 4,500 shares crossing the market. Sterling Investments dropped 0.19 of a cent to finish at 1.81 US cents with a transfer of 1,583 stock units, Sygnus Credit Investments advanced 1 cent to end at 7 US cents after closing with an exchange of 28,129 stocks, Sygnus Real Estate Finance USD share remained at 8.01 US cents with traders dealing in 1,181 stock units and Transjamaican Highway popped 0.01 of a cent to 2.49 US cents with 126,110 stocks crossing the exchange.
In the preference segment, Sygnus Credit Investments US 8% rallied 9.7 cents in closing at US$8.80 with 18 shares switching ownership, Sygnus Credit Investments US 8% fell US$1.38 to close at US$8.62 with investors clearing 500 stock units from the market and Sygnus Credit Investments E8.5% dropped US$1.20 to end at US$8.80 with an exchange of 52 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.