The Jamaica Stock Exchange US dollar market climbed just under two percent on Wednesday, with Transjamaican Highway leading the market in volume traded following a 33 percent drop in quantity of shares being traded, valued 141 percent more than on Tuesday resulting from an exchange of eight securities, down from 10 on Tuesday with prices of five rising, one declining and two ending unchanged.
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.
Trading ended with an average of 46,397 shares at US$19,982, falling from 55,253 stocks at US$6,637 on Tuesday, with a month to date average of 80,901 units at US$9,490 compared with 95,429 stocks at US$5,073 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index popped 4.13 points to settle at 214.37. The Investor’s Choice bid-offer indicator shows no 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 10.3. 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, First Rock Real Estate USD share advanced 0.28 of a cent to end at 1.68 US cents in trading 21,832 shares, Proven Investments popped 0.5 of one cent to 11.5 US cents as traders exchanged 2,015 stock units, Sterling Investments remained at 1.83 US cents with investors trading 12,637 shares. Sygnus Credit Investments gained 0.33 of a cent and ended at 7.33 US cents with brokers executing transfer of 2,323 units, Sygnus Real Estate Finance USD share ended at 6.6 US cents in trading 900 stocks and Transjamaican Highway rose 0.05 of one cent in closing at 2.35 US cents with a transfer of 178,283 shares.
In the preference segment, JMMB Group US8.5% declined 10 cents to US$1.00 with 153,183 units changing hands and Sygnus Credit Investments US 8% rallied 1 cent to end at US$9.01 with a transfer of 2 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.