The Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded rising 92 percent, with a 31 percent lower value than on Wednesday, resulting in an exchange of seven securities, compared with five on Wednesday, with prices of two rising, two declining and three ending unchanged.
The market closed with an exchange of 436,513 shares for US$20,848.80, well above 226,841 stocks at US$30,271 on Wednesday.
Trading averaged 62,359 shares at US$2,978 compared to 45,368 stocks at US$6,054 on Wednesday, with a month to date average of 44,556 units at US$2,662 compared with 43,659 shares at US$2,646 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index gained 1.37 points to finish at 205.12. 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 most frequently used measures to determine appropriate stock values, averages 10.2. 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, First Rock Real Estate USD share ended at 1.96 US cents with a mere 5 shares crossing the exchange, Proven Investments rose 0.02 of one cent to 10.38 US cents with traders dealing in 67,446 stock units, Sygnus Credit Investments sank 0.41 of one cent in closing at 7.06 US cents closing with 70,000 shares. Sygnus Real Estate Finance USD share remained at 5 US cents with an exchange of just 2 stocks and Transjamaican Highway climbed 0.02 of a cent to end at 2.33 US cents with 297,670 units crossing the market.
In the preference segment, AS Bryden lost 1 cent and ended at 99 US cents, with investors dealing in 1,381 stocks and Productive Business Solutions 9.25% remained at US$10.50 in an exchange of 9 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.