Investors expended more money in buying stocks on the Jamaica Stock Exchange US dollar market on Wednesday, they got far shares in exchange, with the volume of stocks traded declined by 66 percent with a 52 percent greater value than on Tuesday, resulting in exchange of four securities, as was the case on Tuesday and ended, with prices of three rising and one declining.
The market closed with an exchange of 86,887 shares for US$76,965 compared to 252,487 stocks at US$50,577 on Tuesday.
Trading averaged 21,722 shares worth US$19,241 compared with 63,122 stock units at US$12,644 on Tuesday, with a month to date average of 621,164 units at US$18,811 compared with 639,468 stocks at US$18,798 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index advanced 1.24 points to end at 197.62. 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. 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, Proven Investments gained 0.39 of one cent to close at 10.6 US cents after an exchange of 22,499 shares and Transjamaican Highway popped 0.01 of one cent to 2.26 US cents in trading of 27,868 stock units.
In the preference segment, JMMB Group 7.5% increased 3 cents to finish at US$2.01, with 36,410 shares clearing the market and Sygnus Credit Investments US 8% declined 1 cent and ended at US$9.83 with a transfer of 110 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.