Trading plunged on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks traded declining 94 percent valued 74 percent less than on Monday, resulting from an exchange of 11 securities, compared with six on Monday with prices of four rising, four declining and three ending unchanged.
The market closed with an exchange of 42,535 shares for US$5,597, down from 680,107 stocks at US$21,934 on Monday. Trading averaged 3,867 shares at US$509 well below 113,351 stocks at US$3,656 on Monday, with a month to date average of 114,839 units at US$4,710 compared with 122,977 stock units at US$5,018 on the previous day and with December with an average of 229,957 units for US$7,451.
The US Denominated Equities Index rose 0.31 points to wrap up trading at 236.50. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.6. 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 trading on Tuesday, First Rock Real Estate USD share climbed 0.79 of one cent to 3.79 US cents after an exchange of 3,813 stocks, Margaritaville rose 2.4 cents to finish at 11 US cents with 1,800 units clearing the market, Productive Business Solutions remained at US$1.45 with an exchange of 50 shares. Proven Investments rallied 0.05 of one cent to close at 12.55 US cents with 21 stock units crossing the market, Sterling Investments ended at 1.8 US cents in an exchange of 24,680 shares, Sygnus Credit Investments remained at 7 US cents after 1,930 units passed through the market. Sygnus Real Estate Finance USD share fell 0.1 of one cent to 5.9 US cents in an exchange of 2 stocks and Transjamaican Highway fell 0.01 of one cent to end at 2.73 US cents with traders dealing in 8,896 stock units.
In the preference segment, JMMB Group US8.5% preferred share popped 2 cents in closing at US$1.02 as investors exchanged 1,000 shares. Productive Business Solutions 9.25% preference share lost 5 cents and ended at US$10.75 in trading 26 stock units and Sygnus Credit Investments E8.5% declined 50 cents to finish at US$9.50 with 317 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.