Trading volume rose moderately on the Jamaica Stock Exchange US dollar market on Wednesday, with a 34 percent lower value than on Tuesday, resulting in the exchange of eight securities, up from seven on Tuesday with prices of four rising and four declining.
The market closed with an exchange of 277,858 shares for US$9,056 compared to 261,203 stocks at US$13,692 on Tuesday.
Trading averaged 34,732 shares at US$1,132 slightly down from 37,315 stocks at US$1,956 on Tuesday, with a month to date average of 129,335 units at US$5,667, with in the range of 135,157 stocks at US$5,946 on the previous day but higher than January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index fell 2.68 points to wrap up trading at 209.87. 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 best known measures to determine appropriate stock values, averages 9.5. 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 of a moderate trading session, First Rock Real Estate USD share dipped 0.05 of a cent and ended at 2.7 US cents in an exchange of 1,494 stocks, Productive Business Solutions increased 3 cents to US$1.40 with investors trading 45 units,
Proven Investments climbed 0.25 of one cent in closing at 11.35 US cents in an exchange of 14,965 shares. Sterling Investments fell 0.18 of a cent to end at 1.7 US cents with investors trading just one stock unit, Sygnus Credit Investments declined 0.1 of a cent to finish at 6.9 US cents after 10,862 shares passed through the market and Transjamaican Highway sank 0.13 of a cent to close at 2.29 US cents with a transfer of 250,421 stocks.
In the preference segment, Sygnus Credit Investments US 8% rose 0.02 of one cent to US$8.5002 as investors exchanged 5 units and Sygnus Credit Investments US 8% advanced 20 cents to finish at US$9.80 in trading 65 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.