Trading surged on the Jamaica Stock Exchange US dollar market on Thursday, with an 86 percent jump in the volume of stocks traded, with a 37 percent more value than on Wednesday, resulting in exchange of nine securities, compared with nine on Wednesday with prices of three rising, three declining and three ending unchanged.
The market closed with an exchange of 1,443,539 shares for US$59,446 compared with 776,682 stocks at US$43,426 on Wednesday.
Trading ended with an average of 160,393 shares at US$6,605 compared to 86,298 stocks at US$4,825 on Wednesday, with the month to date averaging 62,144 stock units at US$2,998 compared with 56,402 stocks at US$2,787 on the previous day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index declined 8.35 points to wrap up trading at 236.68. 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 frequently used measures to determine appropriate stock values, averages 11.4. 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, Productive Business Solutions shed 10 cents to end at US$1.25 in an exchange of 757 shares, Proven Investments popped 0.91 of one cent to close at 11.91 US cents after trading of 238,635 units, Sterling Investments remained at 1.97 US cents and closed with an exchange of 1,200 stocks. Sygnus Credit Investments slipped 0.1 of a cent to end at 6.89 US cents with investors trading 23,893 shares, Sygnus Real Estate Finance USD share ended at 7 US cents after 362 stock units passed through the market and Transjamaican Highway gained 0.02 of a cent to finish at 2.4 US cents with traders dealing in 1,177,430 shares.
In the preference segment, JMMB Group 7.5% slipped 1 cent to US$2.09 as investors exchanged 212 stocks, JMMB Group US8.5% remained at US$1.10 in trading 700 units and Productive Business Solutions 9.25% rose 60 cents in closing at US$10.80 with 350 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.