The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded rising 34 percent with a 199 percent greater value than on Wednesday, resulting in exchange of nine securities, the same as Wednesday, with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 200,050 shares for US$36,385 compared with 149,669 stocks at US$12,181 on Wednesday.
Trading averaged 22,228 shares at US$4,043 up from 16,630 stocks at US$1,353 on Wednesday. Trading for the month to date averages 16,315 units at US$1,681 above the 14,652 stocks at US$1,017 on the prior day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index advanced 6.16 points to finish at 241.51. 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 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.
At the close, Margaritaville remained at 8.99 US cents in an exchange of just one share, MPC Caribbean Clean Energy increased 7.96 cents to end at 60.97 US cents, with 32 units changing hands, Proven Investments climbed 1.19 cents in closing at 14 US cents after closing with an exchange of 26,971 shares. Sterling Investments ended at 1.7 US cents with 507 stocks crossing the market, Sygnus Real Estate Finance USD share ended at 5 US cents after an exchange of 26,213 shares and Transjamaican popped 0.21 of one cent and ended at 2.32 US cents with a transfer of 133,199 units.
In the preference segment, JMMB Group US8.5% preference share remained at US$1.09 with 10,000 stocks crossing the exchange, JMMB Group 5.75% dropped 17.99 cents and ended at US$1.80 trading 1,687 stock units and Sygnus Credit Investments E8.5% shed 21 cents to close at US$10, with 1,440 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.