Securities trading jumped on Tuesday to 11, up from nine on Monday with prices of three rising, six declining and two ending unchanged on the US dollar market of the Jamaica Stock Exchange and ending with the volume of stocks traded declining 20 percent with the value 18 percent lower compared to Monday.
The market closed with an exchange of 914,504 shares for US$33,725 compared with 1,136,259 stocks at US$40,985 on Monday.
Trading averaged 83,137 shares at US$3,066 compared with 126,251 stocks at US$4,554 on Monday, with a month to date average of 135,833 stock units at US$4,711 down from 147,427 stocks at US$5,072 on the previous day and November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index dipped 1.13 points to settle at 229.82. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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 JSE USD market, First Rock Real Estate USD share ended at 2.4 US cents after an exchange of 12,810 stock units, Margaritaville skidded 1.2 cents and ended at 6.8 US cents with 4,778 shares crossing the market, MPC Caribbean Clean Energy advanced 5 cents to 60 US cents with an exchange of only 5 units. Proven Investments rose 0.05 of one cent to end at 11.05 US cents after investors ended trading 3,093 stock units, Sterling Investments lost 0.25 of a cent to close at 1.31 US cents after an exchange of 50,001 shares, Sygnus Credit Investments dropped 0.39 of a cent to close at 6.6 US cents with 15,191 stocks trading and Transjamaican Highway sank 0.15 of one cent to 2.7 US cents with 822,825 stocks changing hands.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.10 with 5,593 units crossing the market, Productive Business Solutions 9.25% preference share slipped 10 cents and ended at US$10.20 in trading 155 shares. Sygnus Credit Investments US 8% fell 2 cents to close at US$9.58 with 48 stock units changing hands and Sygnus Credit Investments E8.5% rallied 10 cents to end at US$9.10 with traders dealing in 5 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
