Investor interest dipped on the US Dollar Market of the Jamaica Stock Exchange on Wednesday, with the volume of stocks traded falling 78 percent with a 81 percent plunge in value compared with Tuesday, with Transjamaican Highway contributing 95 percent of the volume traded, resulting from an exchange of five securities, compared with six on Tuesday, with prices of one rising, one declining and three ending unchanged.
The market closed with an exchange of 105,531 shares for US$5,448 after tumbling from 472,335 stock units at US$28,952 on Tuesday.
Trading ended with an average of 21,106 shares at US$1,090, down from 78,723 stock units at US$4,825 on Tuesday. Trading for the month to date averages 713,889 units at US$235,136 dow modestly from 741,824 stock units at US$244,573 on the previous day, but greater than May with an average of 180,903 units for US$8,607.
The US Denominated Equities Index advanced 2.96 points to conclude trading at 232.75. The Investor’s Choice bid-offer indicator shows five 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 7.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE 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, Proven Investments shed 0.57 of a cent and ended at 6.37 US cents with 4,000 shares crossing the exchange, Sterling Investments ended at 2 US cents following trading 547 units, Sygnus Credit Investments ended at 6 US cents with trading of 100 shares and Transjamaican Highway remained at 5 US cents following trading of 100,764 stock units.
In the preference segment, JMMB Group US8.5% climbed 5 cents to finish at US$1.15 in an exchange of 120 stocks.
Closing prices of stocks are those of the last transaction unless otherwise stated.