Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks changing hands slipping modestly with the value climbing 195 percent compared with trading on Tuesday and resulting in trading in seven securities, compared to five on Tuesday and ended with two rising, two declining and three ending unchanged.
Overall, 127,251 shares were traded, for US$12,519 compared to 129,260 units at US$4,240 on Tuesday.
Trading averaged 18,179 units at US$1,788, versus 25,852 shares at US$848 on Tuesday, with a month to date average of 44,965 shares at US$1,386 compared with 49,227 units at US$1,322 on the previous day. September ended with an average of 73,281 units for US$5,102.
The US Denominated Equities Index rose 2.54 points to finish at 245.54.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville gained 0.65 of one cent to end at 13 US cents with an exchange of one share, Proven Investments skidded 0.1 of a cent to close at 14 US cents with shareholders swapping 48,320 units,
Sterling Investments shed 0.04 of a cent and ended at 1.75 US cents after an exchange of 24 stock units. Sygnus Credit Investments remained at 8.81 US cents in trading 16,005 stocks and Transjamaican Highway advanced 0.02 of a cent to 1.72 US cents with 61,251 stocks clearing the market.
In the preference segment, JMMB Group 6% ended at US$1.002 after a transfer of 1,500 stock units and Productive Business Solutions 9.25% preference share ended at US$11.50 while 150 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.