The Jamaica Stock Exchange US dollar market closed on Wednesday, with the quantity of stocks traded surging 892 percent, with just a 17 percent increase in value compared to Tuesday, resulting in an exchange of seven securities, compared with six on Tuesday, with prices of four rising, two declining and one ending unchanged.
The market closed with an exchange of 991,036 shares for US$40,146, soaring from 99,949 stock units with a value of US$34,172 on Tuesday.
Trading averaged 141,577 shares at US$5,735, jumping from 16,658 stock units at US$5,695 on Tuesday, with a month to date average of 173,089 units at US$6,619 compared with 177,331 stocks at US$6,738 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index increased 0.05 points to conclude trading at 204.41. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.2. The PE ratio is calculated based on the last traded price, divided by projected earnings, as computed by ICInsider.com for companies with a financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share rallied 0.1 of a cent to finish at 2 US cents after investors traded 33,625 shares, Productive Business Solutions rose 0.66 of one cent and ended at US$1.16 after the trading of 8 stock units, Proven Investments climbed 0.4 of a cent to 10 US cents with 8,934 shares crossing the market. Sterling Investments popped 0.04 of one cent in closing at 2.08 US cents with investors swapping 9,819 units, Sygnus Credit Investments skidded 0.5 of a cent to end at 7.5 US cents after traders exchanged 5,000 stock units and Transjamaican Highway fell 0.05 of one cent to close at 2.4 US cents with 926,321 units passing through the market.
In the preference segment, JMMB Group 7.5% remained at US$2.10 as investors exchanged 7,329 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.