The number of shares traded climbed 80 percent with a 22 percent rise in value at the close on Thursday on the Jamaica Stock Exchange US dollar market over the previous day, and similar to Wednesday eight securities were traded, with prices of one rising, five declining and two ending unchanged.
The market closed with an exchange of 590,745 shares for US$30,825 up from 328,177 stocks at US$25,278 on Wednesday. Trading averaged 73,843 shares at US$3,853 compared to 41,022 stocks at US$3,160 on Wednesday, with a month to date average of 67,657 units at US$3,666 compared with 66,604 stocks at US$3,634 on the previous day and December that ended with an average of 229,957 units for US$7,451. The US Denominated Equities Index increased by 0.11 points to end at 234.80. The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer. The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 trading activity, AS Bryden remained at 19.44 US cents in an exchange of 94 stock units, First Rock Real Estate USD share skidded 0.29 of one cent and ended at 2.11 US cents with 39,364 shares passing through the market, Sterling Investments lost 0.29 of one cent to close at 1.43 US cents with 2,404 units switching owners. Sygnus Credit Investments shed 0.1 of a cent to end at 6.9 US cents as investors traded 300,027 stocks and Transjamaican Highway ended at 2.79 US cents with 248,655 shares crossing the market.
In the preference segment, Productive Business Solutions 9.25% preferred share advanced 40 cents to close at US$10.90 in an exchange of 100 stocks. Sygnus Credit Investments US 8% fell 10 cents to US$9.40 with investors trading 100 units and Sygnus Credit Investments E8.5% dipped 29 cents to close at US$9.71 with an exchange of just one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
