The Jamaica Stock Exchange US dollar market index slipped on Wednesday as the volume of stocks traded plunged sharply with stocks of just two companies trading resulting in three securities changing hands down from seven on Tuesday and ending with prices of one rising, one declining and one ending unchanged.
The market closed with an exchange of only 127,825 shares, down 73 percent from Tuesday with an 81 percent lower value of US$3,803 compared to 469,562 stocks at US$20,129 on Tuesday. Trading averaged 42,608 shares at US$1,268 compared to 67,080 stocks at US$2,876 on Tuesday, with a month to date average of 256,821 units at US$9,908 compared with 268,505 shares at US$10,379 on the previous day and January with an average of 103,137 units for US$4,549.
The US Denominated Equities Index declined by 1.12 points to 234. The Investor’s Choice bid-offer indicator shows four 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 6.9. 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 mediocre trading session, Sygnus Credit Investments ended at 6.5 US cents with 1,294 stocks traded and Transjamaican Highway dipped 0.04 of one cent to 2.65 US cents with 126,496 units crossing the market.
In the preference segment, Sygnus Credit Investments E8.5% rose by 4 cents to close at US$9.95 with investors swapping 35 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.