Trading climbed sharply on the Jamaica Stock Exchange US dollar market on Thursday, with a 578 percent rise in the volume of stocks traded with a 467 percent greater value than on Wednesday, resulting from the exchange of six securities, down from eight on Wednesday with prices of three rising and three ending unchanged.
The market closed with an exchange of 786,467 shares for US$21,436 up from 116,069 stocks at US$3,778 on Wednesday.
Trading averaged 131,078 shares at US$3,573 compared with 14,509 stock units at US$472 on Wednesday, with the month to date averaging 122,512 units at US$4,167 compared with 121,767 stocks at US$4,219 on the previous day, below the average of 186,934 stock units for US$9,182 in November.
The US Denominated Equities Index lost 1.13 points to conclude trading at 228.53. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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, First Rock Real Estate USD share ended at 2.4 US cents and closed with trading in 3,750 units,
Margaritaville gained 1 cent to 6.78 US cents with 6,916 stocks changing hands, Proven Investments remained at 11.05 US cents with 870 shares crossing the exchange. Sterling Investments popped 0.24 of one cent to finish at 1.56 US cents with trading in 19,765 stock units, Sygnus Credit Investments remained at 7 US cents after a transfer of 80 shares and Transjamaican Highway advanced 0.12 of a cent to close at 2.79 US cents with investors dealing in 755,086 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.