Trading remains elevated on the US Dollar market on Thursday as Transjamaican Highway led trading with 1.4 million shares, yet the volume of stocks traded declined by 32 percent, with the value 44 percent lower than on Wednesday, following seven securities crossing the exchange, similar to Wednesday’s level. The market closed with the price of no stock rising, three stocks declining and four ending unchanged.
The market closed with an exchange of 1,653,319 shares for US$64,360, well below the 2,421,389 stocks that traded at US$115,441 on Wednesday.
Trading closed with an average of 236,188 shares with a value of US$9,194, quite a bit lower than the 345,913 stock units at US$16,492 on Wednesday, with a month to date average of 413,407 units at US$15,913 compared with 435,560 stocks at US$16,753 on the previous day and March, with an average of 92,288 units for US$8,588.
The US Denominated Equities Index rallied 0.60 points to 216.75. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the often used measures to determine appropriate stock values, averages 10.6. 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 market, Margaritaville remained at 10 US cents with an exchange of 10 shares, Sterling Investments fell 0.14 of one cent to 1.76 US cents as investors passed 224,421 stocks through the market, Sygnus Credit Investments ended at 7 US cents with traders dealing in 4,542 units and Transjamaican Highway skidded 0.13 of a cent and ended at 2.57 US cents after an exchange of 1,408,374 shares.
In the preference segment, JMMB Group 7.5% preferred share slipped one cent to end at US$2 with investors swapping 5,500 stock units, JMMB Group US8.5% preference share remained at US$1.03 after an exchange of 10,372 shares and Productive Business Solutions 9.25% preference share ended at US$10.15 with investors dealing in 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.