Trading plunged on the Jamaica Stock Exchange US dollar market closed on Thursday, resulting in a 98 percent fall in the volume of stocks traded with a 97 percent lower value compared to Wednesday, resulting in the exchange of 10 securities, up from five on Wednesday with prices of three rising, five declining and two ending unchanged.
The market closed with an exchange of 39,450 shares for just US$4,029 down from 2,521,741 stocks at US$130,691 on Wednesday. Trading averaged 3,945 shares at US$403 well off from the 504,348 stocks at US$26,138 on Wednesday, with a month to date average of 89,006 units at US$5,091 compared with 129,511 shares at US$7,323 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index rose 0.07 points to close at 242.02. 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 best known measures to determine appropriate stock values, averages 7.2. 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 a low-keyed trading session, First Rock Real Estate USD share fell 0.58 of a cent to 2.71 US cents after an exchange of 242 shares, Margaritaville shed 3 cents to finish at 9 US cents with a transfer of 113 stocks, Proven Investments fell 0.8 of a cent to 12 US cents as investors exchanged 427 shares. Sterling Investments ended at 1.88 US cents with 2,500 stock units crossing the market, Sygnus Credit Investments dipped 0.3 of a cent to close at 6.5 US cents with traders dealing in 12,000 shares, Sygnus Real Estate Finance USD share increased 0.9 of a cent to end at 6.9 US cents with a mere 56 units crossing the exchange and Transjamaican Highway remained at 2.79 US cents with investors trading 23,877 stocks.
In the preference segment, JMMB Group US8.5% preference share popped 1 cent in closing at US$1.04 with just 4 stock units clearing the market, Productive Business Solutions 9.25% preference share rallied 30 cents to US$10.70 with 230 shares being traded and Sygnus Credit Investments E8.5% lost 5 cents to finish at US$9.90 with a mere 1 stock unit switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.