Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands surging 16,744 percent valued 15,601 percent more than on Tuesday and resulting with trading of seven securities , compared to three on Tuesday with four rising, no declining and three ending unchanged.
Overall, 22,289,394 shares were traded, for US$1,286,713 compared to 132,328 units at US$8,195 on Tuesday.
Trading averaged 3,184,199 shares at US$183,816 compared with 44,109 shares at US$2,732 on Tuesday, with a month to date average of 252,426 shares at US$14,653 compared with 79,969 units at US$4,702 on the previous day. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index advanced 4.45 points to cease trading at 228.23.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.7. 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 five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share inched 0.2 of a cent higher to 4.44 US cents after an exchange of 19,350,000 units, Margaritaville rose 1.79 cent to close at 13.79 US cents after a mere one stock passed through the market, MPC Caribbean Clean Energy ended at 57 US cents with 1,187 shares changing hands, Proven Investments ended at 15 US cents after an exchange of 2,771,930 stock units, Sterling Investments advanced 0.1 of a cent to end at 1.6 US cents after 1,206 shares were traded, Sygnus Credit Investments remained at 8.71 US cents in an exchange of 65,266 units and Transjamaican Highway popped 0.01 of a cent to 1.56 US cents, with 99,804 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Overall, 132,328 shares were traded, for US$8,195 compared to 837,700 units at US$41,015 on Monday.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and none with a lower offer.
A total of 148,704 shares were traded for US$3,173 compared with 50,369 units at US$10,547 on Friday.
At the close, Proven Investments ended trading at 15.99 US cents, with shareholders swapping 4,635 units, Sterling Investments shed 0.08 of a cent to 1.85 US cents, with 1,552 stocks crossing the exchange, Sygnus Credit Investments rose 0.32 of one cent to close at 9 US cents with investors trading 391 shares and Transjamaican Highway lost 0.04 of a cent in closing at 1.65 US cents in an exchange of 142,124 stock units.
A total of 183,070 shares were traded for US$17,969 compared with 261,038 units at US$25,992 on Monday.
Proven Investments declined 0.3 of a cent to end at 15.7 US cents as investors traded 6,257 stocks, Sterling Investments remained at 1.6 US cents with an exchange of 92,300 stock units, Sygnus Credit Investments ended at 11.49 US cents with 55,584 units changing hands. Sygnus Real Estate Finance USD share rose 0.02 of a cent to end at 11 US cents after a transfer of 4,369 shares and Transjamaican Highway popped 0.02 of a cent to 1.44 US cents with shareholders swapping 7,000 stocks.
Trading resulted in an exchange of 216,689 shares for US$14,393 versus 77,890 units at US$1,414 on Thursday.
Sygnus Credit Investments rose 0.8 of a cent to 10.9 US cents after an exchange of 7,775 stocks, Sygnus Real Estate Finance USD share dipped 0.01 of a cent to 10.98 US cents in trading 19 stocks and Transjamaican Highway ended at 1.42 US cents, with 100 stock units crossing the exchange.
A total of 934,268 shares were traded for US$32,448 compared with 764,260 units at US$20,272 on Monday.
Sterling Investments ended at 1.6 US cents with an exchange of 684,000 units, Sygnus Credit Investments dropped 1.59 cents to end at 9.4 US cents after investors traded 824 shares and Transjamaican Highway lost 0.07 of a cent in closing at 1.37 US cents and ended with 140,156 stock units changing hands.
At the close, Margaritaville dipped 1 cent and ended at 10 US cents with shareholders swapping 2,000 shares, Proven Investments rallied 0.6 of a cent in closing at 17.6 US cents as 103,859 stock units passed through the market and Sygnus Credit Investments advanced 0.04 of a cent to end at 9.44 US cents and closed with 11,499 stocks being traded.
Proven Investments ended at 17.59 US cents and closed with an exchange of 15,823 stocks, Sygnus Credit Investments climbed 0.44 of a cent to close at 9.44 US cents with investors transferring 11,000 units, Sygnus Real Estate Finance USD share rallied 0.43 of one cent in closing at 11 US cents, with 5,312 stock units clearing the market and Transjamaican Highway remained at 1.16 US cents after a transfer of 708,836 stocks.
MPC Caribbean Clean Energy rose 3.17 cents in closing at 69.77 US cents with five stock units crossing the market, Productive Business Solutions remained at US$1.90 while two units passed through the market. Proven Investments climbed 0.5 of a cent to 18 US cents after the trading of 22,307 stocks, Sygnus Real Estate Finance USD share ended at 7 US cents with an exchange of 69 shares and Transjamaican Highway popped 0.03 of a cent to close at 1 US cent and closed with an exchange of 1,584,009 stocks.
Proven Investments shed 0.5 of a cent to end at 16.5 US cents after 258,719 stock units passed through the market, Sygnus Credit Investments advanced 0.5 of a cent in closing at 9.5 US cents while exchanging 1,024 units. Sygnus Real Estate Finance USD share remained at 7.18 US cents after an exchange of 1,375 shares and Transjamaican Highway rallied 0.06 of a cent to 0.94 of one US cent, with investors transferring 70,422 stock units.
