The Jamaica Stock Exchange US dollar market closed Wednesday, with the volume of stocks traded declining by 39 percent with a 26 percent more value than on Tuesday, resulting in exchange of five securities, down from seven on Tuesday with prices of three rising and two ending unchanged.
The market closed with an exchange of 299,517 shares for US$37,566 compared to 494,867 units at US$29,853 on Tuesday.
Trading averaged 59,903 shares at US$7,513 compared to 70,695 shares at US$4,265 on Tuesday, with a month to date average of 556,611 shares at US$14,071 compared with 582,215 units at US$14,409 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index sank 0.81 points to close trading at 222.88.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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 2025.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, Proven Investments rallied 0.7 of one cent to 10.65 US cents with an exchange of 124,344 stocks, Sygnus Credit Investments remained at 7.3 US cents trading 158,401 units, Sygnus Real Estate Finance USD share popped 0.5 of a cent in closing at 6 US cents in an exchange of 2,000 shares and Transjamaican Highway advanced 0.09 of one cent to close at 2.14 US cents with investors trading 1,621 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.09 after a transfer of 13,151 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.