The Jamaica Stock Exchange US dollar market closed on Thursday, with a 25 percent rise in the volume of stocks traded at a 5 percent greater value than on Wednesday, resulting in exchange of just four securities, compared to five on Wednesday, with prices of one rising, three declining.
The market closed with an exchange of 373,225 shares for US$39,451 compared to 299,517 units at US$37,566 on Wednesday. Trading averaged 93,306 shares at US$9,863 compared to 59,903 shares at US$7,513 on Wednesday, with a month to date average of 539,128 shares at US$13,912 compared with 556,611 units at US$14,071 on the previous day and September that ended with an average of 161,382 units for US$5,462.
The US Denominated Equities Index increased 2.71 points to end at 225.59. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close of the market, Proven Investments gained 0.35 of one cent to end at 11 US cents crossing the market 345,063 stock units, Sygnus Credit Investments dropped 0.5 of one cent in closing at 6.8 US cents with investors trading 27,760 shares and Transjamaican Highway sank 0.05 of a cent to 2.09 US cents after a transfer of 400 units.
In the preference segment, JMMB Group 5.75% declined 0.01 of one cent and ended at US$1.9799 after two stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.