Stocks delivered a huge surge value and volume on Wednesday at the close of the Jamaica Stock Exchange USD market, with the volume rocketing 3,900 percent higher than Tuesday, with the value ballooning 5,159 percent, resulting from trading in nine securities, up from eight on Tuesday, with prices of five rising and four declining.
The market closed with an exchange of 3,730,741 shares for US$237,829 compared to 93,280 stocks at US$4,522 on Tuesday.
Trading averaged 414,527 shares at US$26,425 compared to 11,660 stocks at US$565 on Tuesday, with a month to date average of 63,368 units at US$4,480 compared with 13,202 shares at US$1,345 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index skidded 19.87 points to finish at 223.47. The Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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.
At the close, AS Bryden shed 4.7 cents to close at 20.3 US cents after an exchange of just one share, Margaritaville increased 0.98 of a cent to finish at 8.99 US cents after closing with an exchange of 149 units, MPC Caribbean Clean Energy sank 14.06 cents and ended at 53.01 US cents with a transfer of 292 shares. Proven Investments skidded 2.76 cents to end at 11.13 US cents with 29,524 stocks crossing the market, Sterling Investments climbed 0.05 of a cent to close at 1.7 US cents with a transfer of a 100 shares, Sygnus Credit Investments popped 0.01 of a cent to close at 6.52 US cents with 3,503,734 units crossing the market. Sygnus Real Estate Finance USD share fell 1 cent to a 52 weeks’ low of 4 US cents with investors trading 2,030 stocks and Transjamaican Highway rallied 0.03 of a cent to close at 2.38 US cents 94,798 stock units crossed the exchange.
In the preference segment, Sygnus Credit Investments E8.5% rose US$1 and ended at US$11 with investors swapping 113 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.