The volume of stocks jumped in trading on the Jamaica Stock Exchange US dollar market on Thursday, with a 77 percent climbed in the volume, at a 69 percent lower value than on Wednesday. Market activities ended with an exchange of five securities, compared to seven on Wednesday with prices of three rising and two ending unchanged, with the US Denominated Equities Index climbing 6.22 points to 199.42.
The market closed with an exchange of 339,923 shares for US$14,918 compared to 192,510 stock units at US$47,478 on Wednesday.
Trading averaged 67,985 shares at US$2,984 compared to 27,501 stocks at US$6,783 on Wednesday. Trading ended with a month to date average of 30,508 units at US$1,934, up from 28,707 stocks at US$1,884 on the previous day, compared to October, with an average of 35,022 units for US$2,855.
The Investor’s Choice bid-offer indicator shows four 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 8. The PE ratio is computed by dividing the last traded price by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share remained at 3 US cents in an exchange of 331 shares, Productive Business Solutions ended at 71 US cents after 140 stock units crossed the market, Proven Investments rose 1 cent to close at 10 US cents with investors swapping 66,400 shares. Sygnus Credit Investments climbed 0.01 of a cent to end at 7.01 US cents with 1,400 stocks clearing the market and Transjamaican Highway increased 0.16 of one cent in closing at 2.96 US cents with traders dealing in 271,652 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.