Reduced investor participation in trading on the Jamaica Stock Exchange US dollar market resulted in a 65 percent shrinkage in the volume of stocks traded on Tuesday, with a 27 percent lower value than on Monday. trading ended with an exchange of five securities compared with eight on Monday, with the price of one rising, three declining and one ending unchanged.
The market closed with an exchange of 214,838 shares for US$16,685 after plunging from 618,560 stock units at US$22,957 on Monday.
Trading averaged 42,968 shares at US$3,337 after sliding from 77,320 stock units valued at US$2,870 on Monday. For the month to date, stocks averaged 64,108 units at US$3,049, after skidding from 77,320 stock units at US$2,870 on the previous day and November that closed with an average of 36,788 units for US$2,343.
The US Denominated Equities Index dipped 8.41 points to close trading at 201.32. 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 used measures to determine appropriate stock values, averages 8.3. The PE ratio is derived by dividing the last traded price by earnings per share. The earnings used for this report are compiled by ICInsider.com for companies with their financial year ending around August 2026.
At the close of the market, Productive Business Solutions skidded 14.04 cents to 77.96 US cents after an exchange of 14 shares, Sterling Investments remained at 2 US cents with investors dealing in 12,549 stock units, Sygnus Credit Investments climbed 0.68 of a cent to end at 7.68 US cents in an exchange of 3,276 shares and Transjamaican Highway fell 0.07 of one cent in closing at 2.98 US cents with the trading of 189,999 stock units.
In the preference segment, JMMB Group US8.5% slipped 0.37 of a cent to close at US$1.18 with 9,000 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.