Private capital provider Quantas Advantage contributed just over 62 percent of the value of stocks traded on the Jamaica Stock Exchange US Dollar Market on Wednesday. The number of stocks traded rose 16 percent at a 63 percent higher value compared with Tuesday, resulting in an exchange of only five securities, down from seven on Tuesday, with the price of one rising, one declining and three ending unchanged.
The market closed with an exchange of 931,250 shares for US$84,657 up from 801,096 stock units at US$51,913 on Tuesday.
Trading ended with an average of 186,250 shares at US$16,931, in an increase from 114,442 stock units at US$7,416 on Tuesday. Trading for the month to date averages101,841 units at US$8,705 compared with 97,621 stock units at US$8,294 on the previous day and below August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index gained 6.06 points to close at 307.11. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is computed by dividing the last traded stock price by the earnings per share for the financial year ending around August 2026.
At the close of trading, Proven Investments ended at 5.98 US cents in an exchange of 18,444 units, Quantas Advantage shed 1 cent to end at 12 US cents with 439,500 stocks being traded, Sterling Investments remained at 2.2 US cents after a transfer of 497 shares. Sygnus Credit Investments ended at 6 US cents with 253,917 stock units crossing the market and Transjamaican Highway gained 0.26 of a cent to end at 7 US cents after an exchange of 218,892 shares.
Prices of securities trading are those of the last transaction.