Trading surged on the Jamaica Stock Exchange US dollar market on Thursday, with the volume of stocks traded jumping 20,637 percent with a 5,781 percent greater value than on Wednesday, resulting in an exchange of six securities, compared to five on Wednesday with prices of two rising and four ending unchanged.
A total of 1,036,413 shares were traded for US$22,525 compared to 4,998 units at US$383 on Wednesday.
Trading averaged 172,736 shares at US$3,754 compared to 1,000 shares at US$77 on Wednesday, with a month to date average of 260,260 shares at US$5,806 compared with 284,130 units at US$6,365 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index sank 1.94 points to close at 232.14.
The PE Ratio, the popular measure to determine appropriate stock values, averages 7.8. 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 three with lower offers.
At the close, MPC Caribbean Clean Energy ended at 71 US cents with an exchange of 60 stocks, Proven Investments edged 0.01 of one cent higher to 10 US cents after trading of 9,350 stock units, 
Sterling Investments closed at 1.4 US cents as investors traded 500 shares and Transjamaican Highway ended at 2.15 US cents in trading 1,026,487 stock units.
In the preference segment, Sygnus Credit Investments US 8% ended at US$10 after exchanging 11 shares and Sygnus Credit Investments E8.5% rose 19 cents to end at US$10.29 with investors trading 5 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big surge in JSEUSD Market trading
September 5, 2024 by
