The Jamaica Stock Exchange US dollar market closed Tuesday, with the volume of stocks traded jumping 1,760 percent valued 1,261 percent greater than on Monday, resulting in an exchange of 11 securities, up from seven on Monday, with prices of four rising, two declining and five ending unchanged.
The market closed with an exchange of 598,456 shares for US$39,389, up from 32,183 stocks at US$2,895 on Monday. Trading averaged 54,405 shares at US$3,581, well above the 4,598 stocks at US$414 on Monday, with the month to date averaging 262,778 units at US$8,484 slightly down from 280,547 stocks at US$8,902 on the previous day compared to November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index declined 3.62 points to end at 226.51. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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 closing on Christmas Eve, First Rock Real Estate USD share gained 0.05 of a cent in closing at 2.4 US cents after a transfer of 101,301 units, Margaritaville ended at 6.78 US cents with traders dealing in just 2 stocks, MPC Caribbean Clean Energy declined 5 cents to close at 55 US cents with 31 shares crossing the market. Productive Business Solutions ended at US$1.45 with an exchange of 13 stock units,
Proven Investments ended at 11.1 US cents with 273,896 shares clearing the market, Sterling Investments rose 0.12 of a cent to close at 1.72 US cents as investors traded 65,201 stocks. Sygnus Credit Investments remained at 7 US cents in trading 99 stocks, Sygnus Real Estate Finance USD share stayed at 5.88 US cents after an exchange of 711 units and Transjamaican Highway slipped 0.11 of a cent and ended at 2.75 US cents with investors trading 157,067 shares.
In the preference segment, JMMB Group US8.5% preferred share rallied 3.14 cents to close at US$1.1414 in an exchange of 25 units and Productive Business Solutions 9.25% preferred share popped 9 cents to close at US$10.30 with trading in 110 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.