Trading took a notable jump on Wednesday with a 112 percent bounce in the volume of stocks changing hands and a surge of 165 percent in value compared to Tuesday on the US Dollar Market of the Jamaica Stock Exchange. The market index shed just under 12 points or 4.38 percent, following an exchange of 12 securities, compared with eight on Tuesday, with prices of three rising, six declining and three ending unchanged.
The market closed with an exchange of 702,385 shares for US$64,328 after rallying from 331,797 stock units at US$24,284 on Tuesday.
Trading ended with an average of 58,532 shares at US$5,361 after rising from 41,475 stock units at US$3,036 on Tuesday, with a month to date average of 81,299 units at US$7,728 from 85,503 stocks at US$8,165 on the previous day and January that ended with an average of 80,722 units for US$9,110.
The US Denominated Equities Index dipped 11.61 points to end trading at 253.64. The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 9.4. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of the market, AS Bryden fell 4 cents in closing at 20 US cents, with traders dealing in 340 shares, First Rock Real Estate USD share dropped 0.05 of one cent to 3 US cents after an exchange of 101 stock units, Proven Investments shed 0.98 of one cent to finish at 8 US cents, with investors trading 217,085 shares. Sterling Investments remained at 1.99 US cents in an exchange of 2,100 units, Sygnus Credit Investments slipped 0.01 of a cent to close at 6.09 US cents with 66,785 stocks crossing the market, Sygnus Real Estate Finance USD share gained 0.79 of one cent to end at 6.09 US cents after an exchange of 8,465 shares and Transjamaican Highway skidded 0.08 of a cent in closing at 4.17 US cents in trading 401,503 stock units.
In the preference segment, JMMB Group 7.5% ended at US$2 with 2,425 units crossing the exchange, JMMB Group US8.5% fell 2 cents to close at US$1.17 with investors switching ownership of 1,847 stocks. Productive Business Solutions 9.25% popped 60 cents to finish at US$10 with 1,335 units crossing the market, Sygnus Credit Investments 8% rallied US$1.25 and ended at US$11.25 with an exchange of 19 stocks and Sygnus Credit Investments E8.5% remained at US$10 with 380 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.