Trading plunged on the Jamaica Stock Exchange US dollar Market on Thursday, down 41 percent, with a 31 percent greater value than on Wednesday, resulting in the exchange of eight securities, similar to Wednesday, with prices of two rising, two declining and four ending unchanged.
The market closed with an exchange of 197,037 shares for US$22,508, from 335,828 stocks at US$17,154 on Wednesday.
Trading averaged 24,630 shares at US$2,813 compared to 41,979 stocks at US$2,144 on Wednesday, with a month to date average of 21,136 units at US$2,463, up from 20,599 stocks at US$2,409 on the previous day, compared to July with an average of 71,904 units for US$3,475.
The US Denominated Equities Index rallied 1.68 points to end at 204.56. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with a financial year ending around August 2025.
At the close of the market, First Rock Real Estate USD share remained at 1.99 US cents with an exchange of 7 shares, Productive Business Solutions ended at US$1.18 with 457 stock units passing through the market, Proven Investments dipped 0.22 of one cent and ended at 10.28 US cents with investors trading 82,629 stock units. Sygnus Credit Investments remained at 7 US cents in switching ownership of 4,681 shares and Transjamaican Highway gained 0.08 of a cent to end at 2.48 US cents, after 104,533 units were traded.
In the preference segment, JMMB Group 7.5% popped 3 cents in closing at US$2.04 with a transfer of 4,599 shares. Productive Business Solutions 9.25% sank 2 cents to US$10.48, with 91 units crossing the market and Sygnus Credit Investments 8% ended at US$9.80, after trading of 40 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.