The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded declining by 30 percent, with a 17 percent increase in value, compared to Monday, resulting in an exchange of six securities, compared with seven previously, with prices of four rising, two declining and none remaining unchanged.
The market closed with trading in 99,949 shares for US$34,172, tumbling from 142,485 stocks at US$29,278 on Monday.
Trading averaged 16,658 shares at US$5,695 compared to 20,355 stock units at US$4,183 on Monday, with a month to date average of 177,331 units at US$6,738, falling from 198,288 stocks at US$6,874 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index gained 1.09 points to close at 204.37. 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 most frequently used measures to determine appropriate stock values, averages 10.2. 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 2026.
At the close of the market on Tuesday, Proven Investments slipped 0.4 of one cent to finish at 9.6 US cents with investors swapping 8,074 shares and Transjamaican Highway climbed 0.06 of a cent to 2.45 US cents in an exchange of 67,200 stock units.
In the preference segment, JMMB Group 7.5% rose 8 cents to end at US$2.10, with 5,058 shares crossing in the market. JMMB Group US8.5% gained 0.9 of one cent in closing at US$1.14 after dealers exchanged 800 stocks, AS Bryden popped 10 cents and ended at US$1 with investors trading 18,645 units and Productive Business Solutions 9.25% skidded 71 cents to close at US$9.70 with 172 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.