The Jamaica Stock Exchange US dollar market experienced a major reversal to the high level of trading on Monday at the close on Tuesday, with the volume of stocks traded declining 96 percent with a 94 percent lower value than on Monday, when Transjamaican Highway took the lion share of trading with 11 million units changing hands. Trading on Tuesday resulted in an exchange of seven securities, compared with nine on Monday with prices of three rising and four declining.
The market closed with an exchange of 469,562 shares for US$20,129 compared with 11,346,663 stocks at US$322,286 on Monday.
Trading averaged 67,080 shares at US$2,876 compared with 1,260,740 stocks at US$35,810 on Monday, with a month to date average of 268,505 units at US$10,379 compared with 297,879 stocks at US$11,473 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 6.42 points to cease trading at 235.12. 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 seven. 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 activity, First Rock Real Estate USD share popped 0.57 of a cent to end at 3.28 US cents with 333 shares changing hands, Margaritaville dipped 0.02 of a cent in closing at 8 US cents in an exchange of 21,750 stocks,
Productive Business Solutions climbed 17.85 cents to US$1.37 with 8 shares crossing the market.Proven Investments slipped 0.5 of one cent and ended at 11 US cents with 68,618 stock units switching owners, Sygnus Credit Investments dipped 0.3 of a cent to finish at 6.5 US cents and closed with an exchange of 8,653 shares and Transjamaican Highway shed 0.05 of one cent to close at 2.69 US cents with investors trading 370,194 units.
In the preference segment, Productive Business Solutions 9.25% preference share rose 15 cents to US$10.50 after an exchange of 6 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.