The value of stocks trading jumped sharply on the Jamaica Stock Exchange US dollar market on Thursday, following a 14 percent decline in volume, with a 1,233 percent increase in value compared to Wednesday, resulting from an exchange of nine securities, up from five on Wednesday, with prices of two rising, five declining and two ending unchanged.
The market closed with an exchange of 179,556 shares worth US$84,417, compared with 208,255 stocks at US$6,331 on Wednesday.
Trading averaged 19,951 shares at US$9,380, versus 41,651 stocks at US$1,266 on Wednesday, with the average for the month to date being 119,106 units at US$6,425 compared with 125,620 stocks at US$6,231 on the previous day and August that ended with an average of 261,739 units for US$8,269.
The US Denominated Equities Index fell 5.82 points to settle at 187.04. The Investor’s Choice bid-offer indicator shows three 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 8.8. The PE ratio is calculated by dividing the last traded price by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading, Productive Business Solutions ended at 65 US cents with 200 shares crossing the market, Proven Investments skidded 0.85 of one cent to end at 9.15 US cents with investors swapping 849 stocks, Sterling Investments lost 0.25 of a cent in closing at 1.75 US cents with an exchange of 22,646 units. Sygnus Credit Investments gained 0.51 of a cent to finish at 7.77 US cents with a mere 16 shares clearing the market, Sygnus Real Estate Finance USD share slipped 0.69 of a cent and ended at 5.12 US cents with investors trading 18,409 stock units and Transjamaican Highway rose 0.03 of one cent to close at 2.61 US cents in an exchange of 106,755 shares.
In the preference segment, JMMB Group 7.5% sank 4 cents to US$2.06 with traders dealing in 28,619 stock units, Productive Business Solutions 9.25% shed 3 cents to close at US$10.25 after an exchange of 148 stocks and Sygnus Credit Investments 8% remained at US$10 with 1,914 units being traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.