The US Dollar Market of the Jamaica Stock Exchange closed on Wednesday, following a 211 percent jump in the volume of stocks traded, with a 229 percent greater value than on Tuesday, with Transjamaican Highway trading 1.5 million shares. Trading ended with an exchange of nine securities, similar to trading on Tuesday, with prices of four rising, one declining and four ending unchanged.
The market closed with an exchange of 1,821,141 shares for US$121,746, well over the 585,996 stock units at US$37,012 on Tuesday.
Trading ended with an average of 202,349 shares at US$13,527, up from 65,111 stock units at US$4,112 on Tuesday. Trading for the month to date averages 120,090 units at US$9,981, marginally above 116,312 stock units at US$9,818 on the previous day and an average of 115,072 units at US$12,480 in August.
The US Denominated Equities Index rallied 4.31 points to finish at 295.45. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 17.3. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of the last trading day for the month, First Rock Real Estate USD share remained at 1.85 US cents in trading 105,277 units, Margaritaville advanced 1 cent to finish at 6 US cents after an exchange of 1 stock, Productive Business Solutions ended at 85 US cents, closing with an exchange of 115 shares. Proven Investments remained at 6 US cents in an exchange of 10,000 stock units, Quantas Advantage skidded 2.5 cents in closing at a new high of 13.5 US cents with 50,000 shares clearing the market, Sterling Investments ended at 2.28 US cents after an exchange of 1,313 units. Sygnus Credit Investments popped 0.1 of a cent to 7 US cents with investors dealing in 203,053 stocks and Transjamaican Highway rallied 0.2 of one cent to finish at 6.7 US cents after a transfer of 1,451,183 stock units.
In the preference segment, Sygnus Credit Investments 8% rose 15 cents and ended at US$10, after 199 shares passed through the market.
Prices of securities trading are those for the last transaction.