Trading on the Jamaica Stock Exchange US dollar market ended on Wednesday, with the volume of stocks that were exchanged rising a mere 4 percent but with a 1,245 percent surge in the amount of US dollars funds passing through the market compared to Tuesday, resulting in trading in seven securities, up from five on Tuesday with prices of four rising, one declining and two ending unchanged.
The market closed with trading of 152,413 shares at US$68,498 up from 147,004 units at US$5,094 on Tuesday.
Trading averaged 21,773 units at US$9,785 compared to 29,401 shares at US$1,019 on Tuesday. Trading resulted in a month to date average of 38,316 shares at US$4,621 compared to 39,548 units at US$4,236 on the previous day and December that ended with an average of 28,010 units for US$1,403.
The US Denominated Equities Index climbed 1.51 points to wrap up trading at 241.17.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.1. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 10 US cents with an exchange of 1,250 units, Proven Investments rallied 0.7 of one cent in closing at 13 US cents after 1,600 shares passed through the market.
Sygnus Credit Investments increased 0.03 of a US cent and ended at 8.99 US cents with investors swapping 1,918 stock units, Sygnus Real Estate Finance USD share skidded 0.15 of a cent to close at 8 US cents in an exchange of 21,389 shares and Transjamaican Highway climbed 0.07 of a cent to 1.85 US cents with investors trading 74,072 stock units.
In the preference segment, JMMB US 8.5% preference share remained at US$1.03 after trading 51,159 stocks and Sygnus Credit Investments E 8.5% rose US$1.538 to close at a record high of US$11.788, with 1,025 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
