The Jamaica Stock Exchange US dollar market closed on Thursday, with a 68 percent drop in the volume of stocks traded and accompanied by a 632 percent jump in value over Tuesday, resulting in the exchange of nine securities, similar to Tuesday, and ended with the price of no stock rising, three declining and six ending unchanged.
The market closed with an exchange of 49,993 shares for US$52,790, falling from 157,947 ended with an average of 5,555 shares at US$5,866, compared to 17,550 stocks at US$801 on Tuesday, with a month to date average of 15,351 stock units at US$3,518, compared with 20,249 stocks at US$2,344 on the previous day and July with an average of 71,904 units for US$3,475.
The US Denominated Equities Index fell 1.22 points to 205.16. The 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.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. 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.
At the close of the market, First Rock Real Estate USD share ended at 1.95 US cents with investors exchanging 2,272 shares, Productive Business Solutions remained at US$1.18 with 4 stock units passing through the market, Proven Investments slipped 0.02 of a cent to end at 10.77 US cents after an exchange of 35 shares. Sygnus Real Estate Finance USD share remained at 6 US cents in trading 448 stocks and Transjamaican Highway lost 0.01 of a cent and ended at 2.39 US cents with traders clearing 15,216 units from the market.
In the preference segment, JMMB Group 7.5% ended at US$2.05 with a transfer of 58 stocks, JMMB Group US8.5% ended at US$1.10 as investors exchanged 29,928 units, Sygnus Credit Investments 8% fell 10 cents to end at US$9.50 with 2,000 shares crossing the market and Sygnus Credit Investments E8.5% remained at US$9.71 in an exchange of 32 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.