The Jamaica Stock Exchange US dollar market ended with solid gains on Wednesday, following a 16 percent rise in the volume of stocks traded with a 32 percent greater value than on Tuesday, resulting in an exchange of eight securities, down from 10 on Tuesday with prices of two rising, two declining and four ending unchanged and ending with the US Denominated Equities Index increased 1.75 percent 239.48 after climbing 4.13 points.
The market closed with an exchange of 153,983 shares for US$11,863 up from 133,100 stocks at US$8,966 on Tuesday. Trading averaged 19,248 stock units at US$1,483 exceeding the 13,310 stocks at US$897 on Tuesday, with a month to date average of 58,465 shares at US$3,080 just less than the 62,245 stock units at US$3,234 on the previous day and December that ended with an average of 229,957 stocks for US$7,451.
The The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.2. 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, Margaritaville ended at 8 US cents with a transfer of 57,804 shares, Productive Business Solutions closed at US$1.45 with 11 stocks crossing the exchange, Proven Investments popped 1.05 cents to 12.8 US cents with investors dealing in 31,667 shares. Sterling Investments remained at 1.72 US cents in an exchange of 34,366 stock units, Sygnus Real Estate Finance USD share closed at 5.9 US cents with investors swapping 56 shares and Transjamaican Highway gained 0.11 of one cent to finish at 2.9 US cents with an exchange of 28,775 stock units.
In the preference segment, JMMB Group US8.5% preference share dropped 0.2 of one cent and ended at US$1.135 with 1,274 stocks changing hands and Productive Business Solutions 9.25% preference share lost 10 cents to conclude trading of 30 units at US$10.70.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.