Trading picked up on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks changing hands surging 613 percent with 35 percent higher valued than Tuesday, resulting from trading in three securities, down from eight on Tuesday with two rising, one declining.
A total of 730,855 shares were traded for US$13,102, up from 102,487 stock units at US$9,725 on Tuesday.
Trading averaged 243,618 units at US$4,367 compared with 12,811 shares at US$1,216 on Tuesday, with a month to date average of 32,990 shares at US$1,777 compared to 18,949 units at US$1,604 on the previous day, down from November with an average of 249,102 units for US$14,204.
The US Denominated Equities Index increased 1.76 points to culminate at 223.76.
The PE Ratio, a measure used in computing appropriate stock values, averages 10.2. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Sygnus Credit Investments gained 0.19 of one cent to end at 8.9 US cents with investors transferring 1,500 stock units and Transjamaican Highway shed 0.07 of a cent in closing at 1.65 US cents with 729,305 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preference share popped US$1.39 to close at US$11.40 with an exchange of 50 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on the JSE USD Market
December 13, 2023 by
