Trading surged on the US Dollar Market of the Jamaica Stock Exchange on Wednesday, with a 191 percent jump in the volume of stocks traded and a 61 percent rise in value compared with Tuesday. Trading resulted in an exchange of seven securities, after slipping from nine on Tuesday and ended with four rising, one declining and two ending unchanged.
The market closed with an exchange of 1,277,677 shares for US$117,937 after climbing from 438,783 stock units at US$73,278 on Tuesday.
Trading ended with an average of 182,525 shares at US$16,848 up from 48,754 stock units at US$8,142 on Tuesday, with a month to date average of 90,883 units at US$7,953 compared with 80,010 stock units at US$6,898 on the previous day and August with an average of 115,072 units for US$12,480.
The US Denominated Equities Index climbed 13.43 points to conclude trading at 317.28. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, AS Bryden ended at 17 US cents as investors exchanged 5 stocks, MPC Caribbean Clean Energy remained at 22.99 US cents with a transfer of 41 units, Proven Investments gained 0.03 of one cent to close at 5.63 US cents with 1,090 shares crossing the market. Quantas Advantage popped 0.02 of one cent and settled at 13 US cents with investors swapping 1,000 shares, Sygnus Credit Investments dipped 0.05 of one cent to finish at 5.7 US cents with an exchange of 3,691 shares and Transjamaican Highway rallied 0.29 of one cent to end at 7.58 US cents in an exchange of 1,260,350 units.
In the preference segment, JMMB Group 7.5% rose 0.01 of one cent to close at US$2.00 with 11,500 stocks clearing the market.
Prices of securities trading are those of the last transaction.