The Jamaica Stock Exchange US dollar market closed higher on Thursday, following a 70 percent jump in the volume of stocks traded, having a 59 percent lower value than on Wednesday, resulting from an exchange of 10 securities, compared with nine on Wednesday with prices of four rising, two declining and four ending unchanged.
The market closed with an exchange of 129,045 shares for US$17,826 compared to 75,771 stocks at US$43,620 on Wednesday.
Trading averaged 12,905 shares at US$1,783, increasing from 8,419 stocks at US$4,847 on Wednesday, with a month to date average of 25,095 units at US$2,277 below the 27,127 stocks at US$2,359 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 1.13 points to close trading at 204.98. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price 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 of the market, MPC Caribbean Clean Energy gained 3.9 cents and ended at 42.9 US cents after traders exchanged 11 shares, Proven Investments rose 0.59 of a cent to 10.99 US cents with investors trading 13,754 units, Sygnus Credit Investments climbed 0.48 of one cent to end at 7.58 US cents with 17,359 shares swapping owners and Transjamaican Highway remained at 2.34 US cents with investors trading 89,614 stock units.
In the preference segment, JMMB Group 7.5% ended at US$2.02 after an exchange of 87 stock units, JMMB Group US8.5% dropped 9.98 cents to close at US$1.00 with 7,700 shares passing through the market. Productive Business Solutions 9.25% remained at US$10 with an exchange of 157 units, Sygnus Credit Investments 8% ended at US$9 with 25 stock units crossing the market, Sygnus Credit Investments 8% sank 10 cents and ended at US$9.60 with investors dealing in 300 stocks and Sygnus Credit Investments E8.5% increased 34 cents after closing at US$9.90 with 38 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.