The Jamaica Stock Exchange US Dollar Market closed on Tuesday, with a huge 368 percent jump in the volume of stocks traded with a value that was 240 percent more than on Monday, resulting in eight securities changing hands, compared with seven on Monday with prices of two rising, three declining and three ending unchanged.
The market closed with an exchange of 291,466 shares for US$51,106 rising sharply from 62,270 stocks at US$15,014 on Monday.
Trading averaged 36,433 shares at US$6,388, up from 8,896 stocks at US$2,145 on Monday, with a month to date average of 857,658 units at US$24,016, falling slightly below the 932,315 stocks at US$25,619 on the previous day and well below May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index dipped 0.40 points to end trading at 211.61. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.2. 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, Proven Investments lost 0.98 of a cent to end at 10.03 US cents after an exchange of 53,687 shares, Sterling Investments declined 0.3 of a cent to 1.69 US cents with investors swapping 5,800 stocks, Sygnus Credit Investments advanced 0.15 of one cent in closing at 7.5 US cents with traders transferring 27,994 shares. Sygnus Real Estate Finance USD share sank 0.5 of a cent to close at 6.5 US cents as investors traded 10 units and Transjamaican Highway ended at 2.37 US cents after closing with 195,472 stock units being traded.
In the preference segment, JMMB Group 7.5% remained at US$2.00 with investors trading 2,788 shares. JMMB Group US8.5% rose 2 cents to end at US$1.03 after traders exchanged 2,500 stock units and Sygnus Credit Investments E8.5% remained at US$9.48 with 3,215 stocks passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.