Trading surged on the Jamaica Stock Exchange US dollar market on Thursday, to close out July with a 7,391 percent jump in the volume traded, with a 1,675 percent greater value than on Wednesday, with Transjamaican Highway contributing the bulk of trading, following the exchange of nine securities, compared with four on Wednesday, with prices of two rising, three declining and four ending unchanged.
The market closed with an exchange of 4,999,088 shares for US$155,356, up sharply from 66,736 stocks at US$8,755 on Wednesday.
Trading averaged 555,454 shares at US$17,262, up from a mere 16,684 stock units at US$2,189 on Wednesday, with a month to date average of 71,904 units at US$3,475 compared with 46,748 stocks at US$2,758 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index rallied 4.59 points to 210.27. The Investor’s Choice bid-offer indicator shows three 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 10.3. 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, First Rock Real Estate USD share advanced 0.15 of a cent to close at 1.95 US cents with investors dealing in 49 shares, Proven Investments declined 0.42 of one cent to 10.38 US cents after an exchange of 18,736 stock units, Sygnus Credit Investments slipped 0.01 of one cent in closing at 7.55 US cents in trading 195 shares. Sygnus Real Estate Finance USD share rose 0.21 of a cent and ended at 6.21 US cents, with 2,000 stocks crossing the exchange and Transjamaican Highway ended at 2.4 US cents with a transfer of 4,975,115 units.
In the preference segment, JMMB Group US8.5% remained at US$1.10, with 465 stocks crossing the market, Sygnus Credit Investments 8% ended at US$9.40 as investors exchanged 3 shares, Sygnus Credit Investments 8% lost 4.99 cents to end at US$9.6001 after trading of 2,500 stock units and Sygnus Credit Investments E8.5% remained at US$9.70 in an exchange of 25 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.