Trading surged on the Jamaica Stock Exchange US dollar market on Wednesday, with a 467 percent jump in the volume of stocks traded, with a 371 percent climb in value over Tuesday, resulting from an exchange of eight securities, compared with nine on Tuesday, with prices of four rising, one declining and three ending unchanged.
The market closed with an exchange of 787,325 shares for US$33,574, up sharply from just 138,842 stocks at US$7,128 on Tuesday.
Trading averaged 98,416 shares at US$4,197, well above the 15,427 stocks at US$792 on Tuesday, with a month to date average of 43,352 units at US$3,438, marginally ahead of 39,681 stocks at US$3,387 on the previous day compared to September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index shed 0.20 points to close trading at 193.62. 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 P/E ratio, one of the most popular measures used to determine appropriate stock values, averages 9.2. The P/E ratio is calculated based on last traded prices, divided by projected earnings, computed by ICInsider.com for companies with the fiscal year ending around August 2026.
At the close, First Rock Real Estate USD share inched 0.72 of one cent higher to 3.2 US cents with an exchange of 10 shares, Productive Business Solutions remained at 70 US cents, with a mere 4 stocks crossing the exchange, Proven Investments popped 0.78 of one cent to 10.28 US cents with investors trading 1,493 shares. Sterling Investments ended at 2 US cents in an exchange of 15,708 stock units, Sygnus Credit Investments dipped 0.78 of a cent and ended at 7 US cents, with 144,587 stock units clearing the market and Transjamaican Highway advanced 0.09 of one cent to finish at 2.77 US cents with an exchange of 624,021 units.
In the preference segment, AS Bryden ended at US$1 after 1,002 shares passed through the market and Sygnus Credit Investments E8.5% rose 5 cents to US$10 in trading 500 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.