Trading surged on the Jamaica Stock Exchange US dollar market on Tuesday compared to percent to Monday following a big recovery in the volume of stocks traded, with a huge 2,088 percent jumped, with the value surging by 2,773 percent from Monday’s depress levels as Transjamaican Highway, the leading trade contributing 90 percent of all shares traded.
Trading ended with an exchange of only four securities, down from nine on Monday with prices of one rising, one declining and two ending unchanged.
The market closed with an exchange of 252,487 shares for US$50,577, up from a mere 11,539 stocks at just US$1,760 on Monday.
Trading averaged 63,122 shares at US$12,644 compared to 1,282 stocks at US$196 on Monday, with a month to date average of 639,468 units at US$18,798, falling slightly from 657,620 stocks at US$18,991 on the previous day and May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index gained 1.10 points to wrap up trading at 196.38. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.9. 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 a day with trading activity in a few companies, First Rock Real Estate USD share remained at 1.93 US cents as traders swapped 1,280 shares and Transjamaican Highway dropped 0.13 of one cent in closing at 2.25 US cents as investors exchanged 225,863 stock units.
In the preference segment, JMMB Group 7.5% increased 1 cent to US$1.98 with 20,082 shares crossing the market and JMMB Group US8.5% ended at US$1.10 after a transfer of 5,262 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.