The Jamaica Stock Exchange US dollar market closed on Wednesday, with the volume of stocks traded rising 290 percent with a 1,
635 percent greater value than on Tuesday, resulting in an exchange of five securities, up from three on Tuesday with prices of three rising and two declining.
The market closed with an exchange of 238,507 shares for US$26,771 compared to 61,115 units at US$1,543 on Tuesday.
Trading averaged 47,701 shares at US$5,354 compared to 20,372 stocks at US$514 on Tuesday, with a month to date average of 168,645 units at US$5,114 compared with 174,350 shares at US$5,102 on the previous day and August that ended with an average of 297,880 stock units for US$8,245.
The US Denominated Equities Index slipped 0.41 points to 231.58.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.4. 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.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Proven Investments lost 0.49 of a cent to end at 9.51 US cents after trading of 95,910 stock units and Transjamaican Highway popped 0.05 of a cent to end at 2.2 US cents with 140,000 stocks crossing the exchange.
In the preference segment, JMMB Group US8.5% preference share gained 14 cents to close at US$1.20 with investors trading 1,000 shares. JMMB Group 5.75% sank 29.7 cents and ended at US$1.683 after an exchange of 305 stock units and Sygnus Credit Investments US 8% climbed 99.9 cents to finish at US$10 and closed with an exchange of 1,292 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
