Trading on the US Dollar Market of the Jamaica Stock Exchange pulled back on Wednesday, with the volume of stocks traded, stumbling 66 percent with a 65 percent lower value than on Tuesday. The market closed following an exchange of nine securities, up from eight on Tuesday with prices of four rising, three declining and two ending unchanged.
The market closed with an exchange of 459,211 shares valued at US$23,917, after dropping from 1,332,877 stock units with a value of US$67,999 on Tuesday.
Trading ended with an average of 51,023 shares at US$2,657 each, after a fall from 166,610 stocks at US$8,500 on Tuesday. Trading for the month to date averages 186,226 units at US$8,862 compared with 196,039 stock units at US$9,312 on the previous day and April with an average of 121,441 units for US$6,732.
The US Denominated Equities Index skidded 1.38 points to wrap up trading at 248.66. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 8.4. 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 skidded 0.09 of one cent to end at 2.9 US cents with an exchange of 500 shares, Margaritaville gained 0.07 of one cent to close at 5.87 US cents with a transfer of 3,275 stock units, MPC Caribbean Clean Energy sank 5.64 cents to 31.86 US cents in switching ownership of 50 shares. Productive Business Solutions dropped 12 cents and ended at a 52 weeks low of 59 US cents with investors swapping 2,104 stocks, Proven Investments popped 0.6 of a cent to 6.6 US cents with 620 units passing through the market, Sterling Investments closed at 2 US cents with traders dealing in 1,001 stocks. Sygnus Credit Investments ended at 6 US cents after an exchange of 4,600 units, Sygnus Real Estate Finance USD share rallied 0.85 of a cent to close at 5.25 US cents in trading 138,015 shares and Transjamaican Highway rose 0.2 of one cent and ended at 4.87 US cents with 309,046 stock units crossing the exchange.
Prices of stocks are for the last transaction unless otherwise stated.