Stocks ended on Tuesday with a big 1,474 percent surge in the volume traded but with a 19 percent lower value than on Monday on the Jamaica Stock Exchange US dollar market, resulting in an exchange of sevensecurities, compared with nine on Monday with prices of three rising, three declining and one ending firm.
The market closed with an exchange of 325,340 shares for US$10,946 compared to 20,668 stocks at US$13,498 on Monday. Trading ended with an average of 46,477 shares at US$1,564 compared with 2,296 stocks at US$1,500 on Monday, with a month to date average of 54,018 units at US$2,831 compared with 54,477 stocks at US$2,908 previously and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index slipped 0.96 points to close trading at 238.41. 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 used to determine appropriate stock values, averages 7.1. 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, First Rock Real Estate USD share popped 0.1 of one cent to end at 2.6 US cents with investors trading 300,000 stock units, Margaritaville climbed 1 cent to 11 US cents with an exchange of 2,700 shares, Proven Investments slipped 0.01 of one cent to finish at 12.79 US cents with the trading of 7,477 stocks. Sygnus Credit Investments increased 0.05 of a cent and ended at 6.15 US cents in switching ownership of 9,593 units and Transjamaican Highway fell 0.01 of one cent in closing at 2.87 US cents with 5,445 stocks crossing the exchange.
In the preference segment, Sygnus Credit Investments US 8% dipped 57.79 cents to close at US$9.40 with investors swapping 100 units and Sygnus Credit Investments E8.5% ended at US$10 in an exchange of 25 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.