Trading tumbled on the Jamaica Stock Exchange US Dollar Market on Thursday, with the volume of stocks traded diving 85 percent, pulling the value down 70 percent compared to Wednesday, with an exchange of six securities, compared with eight on Wednesday with prices of one rising, four declining and one ending unchanged.
The market closed with an exchange of 66,723 shares for US$3,837, far below the 441,767 stocks at US$12,713 on Wednesday. Trading averaged 11,121 shares at US$639, well lower than the 55,221 stocks at US$1,589 on Wednesday, compared with a month to date average of 24,830 units at US$2,106, down from 28,747 stocks at US$2,525 on the previous day and March that ended with an average of 92,288 units for US$8,588. The US Denominated Equities Index dropped 4.06 points to close at 214.14. The Investor’s Choice bid-offer indicator shows three 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 11. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending on or around August 2025. At the close of the market, First Rock Real Estate USD share declined 0.44 of one cent and ended at 1.65 US cents with a transfer of 34,269 shares, Proven Investments shed 0.99 of one cent to close at 10 US cents after an exchange of 17,854 units and
Transjamaican Highway dropped 0.09 of a cent to end at 2.6 US cents with 14,480 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share remained at US$10.60 with investors trading 13 stock units, Sygnus Credit Investments US 8% rallied US$1.08 to close at US$9.53 in an exchange of 7 stocks and Sygnus Credit Investments US 8% fell 40 cents to finish at US$9 with investors dealing in 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.