Trading heated up on the US Dollar Market of the Jamaica Stock Exchange on Thursday, with the volume of stocks traded jumping 251 percent with a 678 percent surge in the value compared to Wednesday, resulting in an exchange of nine securities, similar to Wednesday with prices of three rising, one declining and five ending unchanged.
The market closed with an exchange of 1,450,938 shares for US$597,546 up from 413,008 stock units at US$76,788 on Wednesday.
Trading ended with an average of 161,215 shares at US$66,394 after climbing from 45,890 stock units at US$8,532 on Wednesday, with a month to date average of 130,533 units at US$15,321 compared to 128,193 shares at US$11,425 on the previous day and July that ended with an average of 132,012 units for US$49,788.
The US Denominated Equities Index skidded 6.32 points to finish at 313.12. 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 PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 15.5. 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 an active trading day, AS Bryden advanced 0.9 of a cent to 18 US cents with investors trading 10,448 stock units, Productive Business Solutions dipped 8 cents to close at 67 US cents with 784,851 shares crossing the market, Proven Investments remained at 5.96 US cents after a transfer of 3 units. Sterling Investments ended at 2 US cents with 2,968 stock units passing through the market, Sygnus Credit Investments rose 0.01 of one cent to finish at 5.79 US cents following an exchange of 45,065 units and Transjamaican Highway gained 0.18 of a cent to end at 7.74 US cents with investors trading 592,294 stocks.
In the preference share segment, JMMB Group 7.5% remained at US$2.10 in switching ownership of 9 shares, JMMB Group US8.5% ended at US$1.29 with 15,000 stock units crossing the market and Sygnus Credit Investments E8.5% remained at US$9.90 with investors swapping 300 shares.
Prices of securities trading are those of the last transaction.