Stock value and volume jumped sharply on the Jamaica Stock Exchange US Dollar Market on Thursday, with a 71 percent rise in the volume traded and a 164 percent surge in value compared to Wednesday. Market activities ended in an exchange of nine securities, similar to Wednesday, with prices of one rising, two declining and six ending unchanged.
The market closed with an exchange of 511,073 shares for US$25,145, jumping from 299,306 stocks at US$9,514 on Wednesday.
Trading averaged 56,786 shares at US$2,794 compared with 33,256 stocks at US$1,057 on Wednesday, with a month to date average of 48,875 units at US$2,726, increasing from 47,626 stocks at US$2,716 on the previous day and September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index fell 3.07 points to settle at 188.77. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.2. 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 2026.
At the close of trading, First Rock Real Estate USD share ended at 2.47 US cents with 550 shares crossing the exchange, MPC Caribbean Clean Energy dropped 4.86 cents to 39.98 US cents with traders dealing in a mere one stock, Productive Business Solutions remained at 74 US cents with an exchange of 38 units. Proven Investments remained at 10 US cents with 159,490 shares crossing the market, Sterling Investments slipped 0.1 of a cent to finish at 1.9 US cents with investors swapping 578 stock units, Sygnus Credit Investments ended at 7.78 US cents with 525 shares changing hands. Sygnus Real Estate Finance USD share gained 0.97 of a cent to 6.78 US cents in trading 3,279 units and Transjamaican Highway ended at 2.55 US cents after a transfer of 346,609 stocks.
In the preference segment, AS Bryden remained at US$1 with investors trading a mere 3 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.