Stocks closed marginally higher on the Jamaica Stock Exchange US dollar market index on Wednesday, following a 16 percent reduction in volume, with a 147 percent increase in value over Tuesday, driven by trading in nine securities, compared with 10 on Tuesday, with prices of four rising, two declining and three ending unchanged.
The market closed with an exchange of 75,771 shares for US$43,620, falling from 90,425 stocks at US$17,687 on Tuesday.
Trading closed with an average of 8,419 shares at US$4,847, down slightly from 9,043 stocks at US$1,769 on Tuesday, with a month to date average of 27,127 units at US$2,359 compared with 30,429 stocks at US$1,920 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index popped 0.15 points to finish at 203.85. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.2. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with a financial year, ending around August 2025.
At the close of a moderate trading session, First Rock Real Estate USD share rallied 0.25 of a cent and ended at 1.95 US cents with investors trading 166 shares, Margaritaville rose 0.16 of a cent to 8.15 US cents after an exchange of 120 stocks, Sygnus Credit Investments lost 0.01 of a cent to close at 7.1 US cents with 22,666 shares crossing the market. Sygnus Real Estate Finance USD share ended at 6 US cents with investors swapping 5,754 units and Transjamaican Highway gained 0.01 of one cent in closing at 2.34 US cents with 19,384 stock units passing through the market.
In the preferred segment, JMMB Group 7.5% popped 4 cents to close at US$2.02 in trading 9,530 shares. JMMB Group US8.5% remained at US$1.10 as 17,925 stocks crossed the exchange, AS Bryden declined 3 cents and ended at 97 US cents after trading a mere 4 units and Productive Business Solutions 9.25% ended at US$10 in an exchange of 222 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.