Investors’ enthusiasm for stocks, declined on Tuesday in trading on the US Dollar Market of the Jamaica Stock Exchange. Trading ended in the volume of stocks changing hands dropping by 62 percent, but with a moderate 15 percent increase in value over Monday trading ended with an exchanged six securities, down from nine on Monday with prices of two rising, one declining and three closing unchanged.
The market closed with an exchange of just 112,843 shares for a mere US$16,717 in contrast to 294,791 stocks at US$14,575 on Monday.
Trading ended with an average of 18,807 shares at US$2,786 compared to 32,755 stock units at US$1,619 on Monday, and May that ended with an average of 180,903 units for US$8,607.
The US Denominated Equities Index slipped 3.61 points to wrap-up trading at 238.50. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages eight. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, First Rock Real Estate USD share remained at 2.88 US cents with an exchange of 20 shares, Productive Business Solutions skidded 5.01 cents in closing at a 52 weeks low of 45 US cents after the trading of 12,802 units, Proven Investments rallied 0.09 of a cent to 6.99 US cents after an exchange of 7,742 shares. Sterling Investments ended at 2 US cents with investors trading 995 stocks and Transjamaican Highway increased 0.05 of a cent to finish at 4.75 US cents after a transfer of 85,809 stock units.
In the preference segment, JMMB Group US8.5% remained at US$1.10 with investors swapping 5,475 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.