Proven Investments, investment bankers dominated trading with a 95 percent share of stocks traded on the Jamaica Stock Exchange US dollar market on Tuesday, following a 44 percent rise in the volume of stocks traded, with the value jumping by 141 percent over market activity on Monday. Trading resulted in the exchange of five securities, down from 10 previously, with prices of three rising and two ending unchanged.
The market closed with an exchange of 452,504 shares for US$44,656, increasing from 313,665 stocks at US$18,561 on Monday.
Trading averaged 90,501 shares at US$8,931, jumping from 31,367 stocks at US$1,856 on Monday, with a month to date average of 1,310,465 units at US$34,463, down from 1,419,390 stocks at US$36,742 on the previous day and well above May that ended with an average of 71,616 units for a mere US$3,425.
The US Denominated Equities Index climbed 0.37 points to conclude trading at 211.69. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. 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 a day of moderate trading, Margaritaville ended at 8.2 US cents with investors exchanging 221 shares, Proven Investments rallied 0.24 of one cent to 10.35 US cents with 429,398 stocks crossing the market, Sterling Investments remained at 1.98 US cents after a transfer of 5,039 units. Sygnus Credit Investments rose 0.2 of a cent in closing at 7.2 US cents with traders swapping 3,494 shares and Transjamaican Highway popped 0.06 of a cent to finish at 2.38 US cents after an exchange of 14,352 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.