The Jamaica Stock Exchange US dollar market closed on Wednesday, with a rise in the market index following a drop in the volume of stocks traded with 95 percent more value than on Tuesday, with the market closing with nine securities trading on Wednesday similar to Tuesday and ending with prices of three rising, three declining and three ending unchanged.
The market closed with an exchange of 1,404,682 shares for US$104,481 compared to 1,575,237 stocks at US$53,490 on Tuesday.
Trading averaged 156,076 shares at US$11,609 compared to 175,026 stocks at US$5,943 on Tuesday, with a month to date average of 205,232 units at US$10,054 compared with 208,221 stocks at US$9,959 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index increased by 4.66 points to 252.14, up 9.1 percent for the year to date. 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 7.1. 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 market activity, First Rock Real Estate USD share sank 0.03 of one cent to finish at a 52 weeks’ low of 2.5 US cents and closed with 498,021 stocks changing hands, Margaritaville remained at 8 US cents with 138 units crossing the exchange, Proven Investments advanced 0.1 of one cent to 11.1 US cents with a transfer of 749,741 shares. Sterling Investments dropped 0.07 of a cent in closing at 1.48 US cents with 10 stock units clearing the market, Sygnus Credit Investments ended at 7 US cents after an exchange of 2,143 shares, Sygnus Real Estate Finance USD share popped 0.72 of one cent to close at 5.09 US cents with just 4 units crossing the market and Transjamaican Highway fell 0.03 of a cent to 2.96 US cents after an exchange of 154,155 stocks.
In the preference segment, Productive Business Solutions 9.25% preference share rallied 30 cents and ended at US$10.30 with 300 stock units crossing the market and Sygnus Credit Investments E8.5% remained at US$10 after investors exchanged 170 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.