Trading returned to more sedate levels on the Jamaica Stock Exchange US dollar market on Thursday, following the large trades in Transjamaican Highway on Wednesday, with the volume of stocks traded declining 99 percent with a 98 percent lower value than on Wednesday, resulting from an exchange of six securities, down from nine on Wednesday with prices of four rising and two ending unchanged.
The market closed with an exchange of a mere 118,803 shares for just US$8,042 down sharply from the 19,338,949 stocks at US$528,367 on Wednesday.
Trading averaged just 19,801 shares at a mere US$1,340 from 2,148,772 stocks at US$58,707 on Wednesday, with a month to date average of 317,788 units at US$9,892 compared to 334,656 stocks at US$10,376 on the previous day and November with an average of 186,934 units for US$9,182.
The US Denominated Equities Index gained 6.42 points to conclude trading at 229.58. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 7.1. 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, First Rock Real Estate USD share advanced 0.31 of a cent to 2.35 US cents with a transfer of 13,365 stocks, Proven Investments ended at 11.1 US cents with 898 stock units traded, Sterling Investments popped 0.32 of a cent to close at 1.72 US cents after an exchange of 68,625 shares and Transjamaican Highway rallied 0.13 of one cent to end at 2.83 US cents after closing with an exchange of 35,359 stock units.
In the preference segment, Productive Business Solutions 9.25% preference share rose 4 cents in closing at US$10.25 in an exchange of 268 shares and Sygnus Credit Investments E8.5% ended at US$9.50 with 288 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
