The volume of stocks traded surged 129 percent on the Jamaica Stock Exchange US dollar market on Thursday with the value jumping 117 percent over Wednesday’s level, resulting from an exchange of nine securities, up from eight on Wednesday with prices of seven declining and two ending unchanged as AS Bryden and Sterling Investments both closed at 52 weeks’ lows.
The market closed with an exchange of 2,290,277 shares for US$68,443 well above the 998,749 stocks trading for US$31,588 on Wednesday. Trading averaged 254,475 shares at US$7,605 up from 124,844 stocks at US$3,948 on Wednesday, with a month to date average of 172,306 units at US$5,671 compared with 142,725 stocks at US$4,975 on the previous day and November with an average of 186,934 units for US$9,182.
The US Denominated Equities Index shed 6.63 points to end trading at 258.87. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.7. 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 the market, AS Bryden lost 5 cents to end at 20 US cents after an exchange of 3 stock units, First Rock Real Estate USD share fell 0.3 of one cent to close at 2.1 US cents with 2,001 shares being traded, Proven Investments ended at 11 US cents after investors exchanged 2,059 stocks. Sterling Investments slipped 0.29 of a cent to close at 1.26 US cents with just 6 units changing hands, Sygnus Credit Investments declined 0.42 of a cent and ended at 6.58 US cents with traders dealing in 13,448 stocks, Sygnus Real Estate Finance USD share shed 0.9 of one cent to finish at 5.1 US cents with 286 units clearing the market and Transjamaican Highway dipped 0.1 of a cent to 2.75 US cents with a transfer of 2,271,661 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.16 with investors swapping 513 stock units and Productive Business Solutions 9.25% preference share sank 50 cents and ended at US$10 in an exchange of 300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
