Trading surged on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded jumping 190 percent, with an 88 percent greater value than on Tuesday, following an exchange of just four securities, compared with five on Tuesday, with prices of two rising, none declining and two ending unchanged.
The market closed with an exchange of 1,313,076 shares for US$84,040, up from 452,504 stocks at US$44,656 on Tuesday.
Trading averaged 328,269 shares at US$21,010, jumping from 90,501 stocks at just US$8,931 on Tuesday, with a month to date average of 1,250,022 units at US$33,635, slipping from 1,310,465 stocks at US$34,463 on the previous day but well above May with an average of 71,616 units for US$3,425.
The US Denominated Equities Index increased 0.93 points to close trading at 212.62. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.5. 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 trading, Proven Investments popped 0.16 of a cent higher and ended at 10.51 US cents with traders clearing 396,716 shares in the market, Sygnus Credit Investments closed at 7.2e US cents as investors exchanged 11,514 stock units and Transjamaican Highway popped 0.01 of a cent to close at 2.39 US cents with 895,046 shares crossing the market.
In the preference segment, JMMB Group 7.5% ended at US$2.01 with 9,800 stocks switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 452,504 shares for US$44,656, increasing from 313,665 stocks at US$18,561 on Monday.
The market closed with an exchange of 313,665 shares for US$18,561, above the 73,658 stocks at US$42,410 on Friday.
The market closed with an exchange of a mere 73,658 shares for US$42,410, as trading tumbled from the heady 76,914,195 stocks at US$1,740,363 on Thursday.
Trading climbed to an average of 6,992,200 shares at US$158,215 compared to 46,397 stocks at US$19,982 on Wednesday, with a month to date average of 2,081,540 units at US$52,542, rising from just 80,901 stocks at US$9,490 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The market closed with an exchange of 371,175 shares for US$159,855, dropping from 552,534 stocks at US$66,374 on Tuesday.
The market closed with an exchange of 552,534 shares for US$66,374 compared to 1,260,621 stocks at US$30,005 on Monday.
Trading averaged 55,253 shares at US$6,637 compared to 140,069 stocks at US$3,334 on Monday, with a month to date average of 95,429 units at US$5,073 compared with May, with an average of 71,616 units for US$3,425.
The US Denominated Equities Index declined 3.62 points to conclude trading at 210.24. 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 most frequently used measures to determine appropriate stock values, averages 10.1. 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 of the moderate trading, First Rock Real Estate USD share sank 0.49 of one cent to close at a 52 week low of 1.4 US cents with 3,266 shares passing through the market, Margaritaville dropped 0.7 of a cent to 7.5 US cents with investors trading 3,000 units, Productive Business Solutions shed 5 cents in closing at US$1.20 with 50 stocks clearing the market.
The market closed with an exchange of 2,331,792 shares for US$107,303, sharply higher than the 1,443,539 stocks at US$59,446 exchanged on Thursday.
The market closed with an exchange of 1,443,539 shares for US$59,446 compared with 776,682 stocks at US$43,426 on Wednesday.