Stocks trading jumped 242 percent on the Jamaica Stock Exchange US Dollar Market on Tuesday, with a steep 170 percent increase above Monday’s level. Nine securities were traded, down from 13 on Monday, with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 580,314 shares for US$41,897, up from 169,908 stock units at US$15,505 on Monday.
Trading averaged 64,479 shares at US$4,655 after rising from only 13,070 units at US$1,193 on Monday. Trading for the month to date ended with an average of 39,630 shares at US$4,456 following an increase from 36,648 stock units at US$4,432 on the preceding day and well below an average of 599,023 units for US$38,839 in October.
The US Denominated Equities Index rallied 2.70 points to finish at 299.23. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most commonly used measures to determine appropriate stock values, averages 19.9. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for financial years ending around August 2027.
At the close of the day’s trading, AS Bryden remained at 15.75 US cents after a transfer of 10 units, First Rock Real Estate USD share ended with an exchange of 402 stocks at 2 US cents, Margaritaville dipped by 0.2 of a cent to close at 8.7 US cents after trading of 6 shares.