Trading surged on the Jamaica Stock Exchange US dollar market on Wednesday, with the volume of stocks traded jumping 190 percent, with an 88 percent greater value than on Tuesday, following an exchange of just four securities, compared with five on Tuesday, with prices of two rising, none declining and two ending unchanged.
The market closed with an exchange of 1,313,076 shares for US$84,040, up from 452,504 stocks at US$44,656 on Tuesday.
Trading averaged 328,269 shares at US$21,010, jumping from 90,501 stocks at just US$8,931 on Tuesday, with a month to date average of 1,250,022 units at US$33,635, slipping from 1,310,465 stocks at US$34,463 on the previous day but well above May with an average of 71,616 units for US$3,425.
The US Denominated Equities Index increased 0.93 points to close trading at 212.62. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.5. 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 trading, Proven Investments popped 0.16 of a cent higher and ended at 10.51 US cents with traders clearing 396,716 shares in the market, Sygnus Credit Investments closed at 7.2e US cents as investors exchanged 11,514 stock units and Transjamaican Highway popped 0.01 of a cent to close at 2.39 US cents with 895,046 shares crossing the market.
In the preference segment, JMMB Group 7.5% ended at US$2.01 with 9,800 stocks switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.