The US Dollar Market of the Jamaica Stock Exchange slipped on Wednesday, with a 93 percent drop in volume, and a 90 percent lower value than on Tuesday. At the close of the market, just six securities were traded, down from 10 on Tuesday, with prices of four rising, one declining and one ending unchanged.
The market closed with an exchange of 67,415 shares for only US$3,944 after plunging from 924,452 stock units at US$39,397 on Tuesday.
Trading ended with an average of 11,236 shares at US$657, down from 92,445 stock units at US$3,940 on Tuesday, with a month to date average of 75,756 units at US$4,269 after sliding from 80,420 stock units at US$4,530 on the previous day and March with an average of 93,192 units for US$48,041.
The US Denominated Equities Index declined 1.00 points to settle at 252.83. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 9.8. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of trading, Margaritaville remained at 7 US cents in an exchange of 320 shares, Productive Business Solutions advanced 1.01 cents to US$1.03 with investors dealing in 6 units, Sygnus Credit Investments dipped 0.08 of a cent to close at 6.02 US cents after an exchange of 6,559 shares and Transjamaican Highway popped 0.27 of one cent to end at 4.27 US cents with investors trading 60,428 stocks.
In the preference segment, Productive Business Solutions 9.25% increased by 1 cent to close at US$11 after an exchange of just two stock units and Sygnus Credit Investments 8% climbed 69 cents to finish at US$10.79 in an exchange of 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.