The Jamaica Stock Exchange US dollar market closed on Wednesday, with 32 percent more shares trading, with an 840 percent greater value than on Tuesday, resulting from an exchange of seven securities, compared with eight on Tuesday, with prices of three rising, three declining and one ending unchanged.
The market closed with an exchange of 192,510 shares for US$47,478, moving from 146,298 stock units at US$5,051 on Tuesday.
Trading ended with an average of 27,501 shares at US$6,783 after climbing from 18,287 stock units at US$631 on Tuesday, with a month to date average of 28,707 units at US$1,884, which is closely aligned with 28,794 stocks at US$1,530 on the previous day and October that ended with an average of 35,022 units for US$2,855.
The US Denominated Equities Index sank 2.84 points to 193.21. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.9. The PE ratio is calculated by dividing the last traded price by projected earnings, as determined by ICInsider.com for companies with their financial year ending around August 2026.
At the close of the market, Productive Business Solutions declined 9 cents to 71 US cents in switching ownership of 10 shares, Proven Investments shed 1 cent and ended at 9 US cents after a transfer of 10,954 stocks, Sterling Investments lost 0.1 of a cent in closing at 1.9 US cents with investors trading 6,129 units.
Sygnus Credit Investments remained at 7 US cents with 6,081 shares passing through the market, Sygnus Real Estate Finance USD share gained 0.81 of a cent to end at 6.24 US cents after an exchange of 10 stocks and Transjamaican Highway popped 0.06 of a cent to end at 2.8 US cents with 165,482 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% increased 15 cents to US$10.40 after an exchange of 3,844 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.