Trading ended Wednesday after an exchange of 11 securities, up from nine on Tuesday, with prices of seven rising, two declining and two ending unchanged on the Jamaica Stock Exchange US Dollar Market. Trading led to the volume of stocks traded rising 91 percent and the value of trades jumping 82 percent over Tuesday.
The market closed with an exchange of 451,658 shares with a value of US$30,462, after climbing from 236,327 stock units at US$16,739 on Tuesday.
Trading ended with an average of 41,060 shares at US$2,769, up from 26,259 stock units at US$1,860 on Tuesday. Trading for the month to date averages 56,197 units at US$4,679 after slipping from 60,823 stock units at US$5,263 on the preceding day and an average of 120,090 units for US$9,981 in September.
The US Denominated Equities Index skidded 1.63 points to end at 282.42. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most used measures to compute appropriate stock values, averages 17.1. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close, First Rock Real Estate USD share ended at 2 US cents with investors swapping 3 shares, Margaritaville gained 0.84 of one cent to close at 6.44 US cents in an exchange of 609 units, Productive Business Solutions shed 12.75 cents to finish at 72.25 US cents with 177 shares passing through the market. Proven Investments rose 0.25 of one cent and ended at 6 US cents in trading 26,248 stock units, Quantas Advantage advanced 0.12 of one cent to end at 15 US cents with 900 shares being traded, Sygnus Credit Investments dropped 0.37 of a cent in closing at 6.53 US cents in an exchange of 14,940 units and Transjamaican Highway rallied 0.22 of one cent to 6.43 US cents with 408,117 stocks crossing the market.
In the preference segment, JMMB Group 7.5% increased 10 cents to end at US$2.10 in switching ownership of 16 stock units, JMMB Group US8.5% climbed 1 cent in closing at US$1.04 with a transfer of 500 shares. AS Bryden 6% remained at US$1 after an exchange of 19 stock units and Sygnus Credit Investments 8% ended at US$10 with 129 units clearing the market.
Prices of securities trading are those of the last transaction.