The Jamaica Stock Exchange US dollar market closed with a big bounce on Thursday, arising from exchange of 11 securities, up from eight on Wednesday with prices of seven rising, just two declining and two ending unchanged, and ending with the volume of stocks traded rising 7 percent with a 97 percent greater value than on Wednesday,
The market closed with an exchange of 302,740 shares for US$66,625 up from 277,858 stock units for US$9,056 on Wednesday.
Trading averaged 27,522 shares at US$6,057 compared to 34,732 stocks at US$1,132 on Wednesday, with a month to date average of 121,819 units at US$5,695 which is in line with 129,335 stocks at US$5,667 on the previous day but above January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index jumped 16.10 points to 225.97. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.7. 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 a day of increase trades, AS Bryden increased by 4.5 cents to 21 US cents 1,000 stocks passed through the market, First Rock Real Estate USD share lost 0.6 of a cent and ended at 2.1 US cents with an exchange of 183,331 units, Productive Business Solutions climbed 5 cents in closing at US$1.45 with traders dealing in 18 shares. Proven Investments ended at 11.35 US cents in an exchange of 2,413 stock units, Sterling Investments popped 0.12 of a cent to finish at 1.82 US cents with investors swapping 250 shares, Sygnus Credit Investments gained 0.09 of one cent to end at 6.99 US cents with an exchange of 38,512 stock units. Sygnus Real Estate Finance USD share remained at 7.94 US cents with 599 stocks passing through the market and Transjamaican Highway rose 0.18 of a cent to finish at 2.47 US cents after an exchange of 63,991 units.
In the preference segment, JMMB Group US8.5% rallied 0.68 of a cent and ended at US$1.047 with investors dealing in 7,500 stocks. Productive Business Solutions 9.25% dipped 10 cents in closing at US$10.50 in switching ownership of 127 shares and Sygnus Credit Investments US 8% advanced 0.03 of one cent to close at US$8.5005 with 9 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
