Winners outpaced losers 5 to 1 on the US Dollar Market of the Jamaica Stock Exchange, following a rise in trading on Tuesday. The volume of stocks traded jumped 132 percent, with a 158 percent greater value than Friday. Investors exchanged nine securities, compared with eight on Friday with prices of five rising, one declining and three ending firm, but the market index just closed higher.
The market closed with an exchange of 287,015 shares for US$18,834 compared to 123,887 stock units at US$7,308 on Friday.
Trading ended with an average of 31,891 shares at US$2,093, after increasing from 15,486 stock units at US$914 on Friday. Trading for the month to date averages 946,502 units at US$58,921 after slipping from 1,016,857 stock units at US$63,292 on the preceding day and an average of 120,090 units for US$9,981.in September.
The US Denominated Equities Index gained 1.79 points to finish at 276.96. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.7. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for financial years ending around August 2027.
At the close of trading, First Rock Real Estate USD share ended at 2 US cents with 302 units changing hands, Margaritaville remained at 6.09 US cents with a transfer of 5 stocks, MPC Caribbean Clean Energy ended at 19.54 US cents trading 124 shares. Proven Investments rallied 0.15 of a cent in closing at 5.9 US cents with 28,399 stock units crossing the market, Quantas Advantage rose 2 cents to end at 15 US cents in swapping 18 shares, Sterling Investments climbed 0.05 of a cent in closing at 2.25 US cents as investors exchanged 170 stocks. Sygnus Credit Investments increased 0.01 of a cent to 6.04 US cents with a transfer of 669 units and Transjamaican Highway ended at 6 US cents as investors swapped 257,148 shares.
In the preference segment, Sygnus Credit Investments 8% dipped 30 cents to close at US$9.60 with an exchange of 180 shares.
Prices of securities trading are those of the last transaction.