The Jamaica Stock Exchange US dollar market closed on Wednesday, with a 78 percent decline in the volume of stocks traded accompanied with a 34 percent lower value than on Tuesday, resulting from an exchange of 10 securities, compared with eight on Tuesday, with prices of three rising, two declining and five ending unchanged.
The market closed with an exchange of 106,960 shares for US$15,796 compared to 497,159 stocks at US$23,827 on Tuesday.
Trading ended with an average of 10,696 shares at US$1,580 compared to 62,145 stocks at US$2,978 on Tuesday. Trading for the month to date averaged 33,562 units at US$2,201 well below June with an average of 591,343 units for US$19,218.
The US Denominated Equities Index slipped 0.26 points to finish at 204.48. The Investor’s Choice bid-offer indicator shows two 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 10.4. 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, First Rock Real Estate USD share remained at 1.8 US cents after an exchange of 5,030 shares, MPC Caribbean Clean Energy advanced 11 cents to 50 US cents with investors trading 510 stocks, Proven Investments dipped 0.53 of one cent to close at 10.44 US cents with an exchange of 28,010 shares. Sterling Investments rose 0.03 of a cent and ended at 2.21 US cents with 12,767 units crossing the market,
Sygnus Credit Investments ended at 7.6 US cents following trading of 453 stock units, Sygnus Real Estate Finance USD share gained 0.9 of one cent to finish trading at 6 US cents after a transfer of 1,356 shares and Transjamaican Highway lost 0.01 of one cent to 2.34 US cents with 50,306 units clearing the market.
In the preferred segment, JMMB Group US8.5% remained at US$1.10 after switching ownership of 8,336 stocks, AS Bryden ended at US$1 after trading of 3 stock units and Sygnus Credit Investments E8.5% ended at US$9.56 as 189 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.