Trading activity dropped on the Jamaica Stock Exchange US dollar market on Wednesday, with toll road operators, the current in demand, Transjamaican Highway, capturing 94 percent of the sharply reduced volume traded fell 63 percent with a 89 percent lower value than on Tuesday. Trading resulted in activities in seven securities, compared with 11 on Tuesday, with prices of four rising, one declining and two ending unchanged.
Market activity ended with an exchange of 260,903 shares for US$8,733 after sliding from 708,178 stocks at US$81,601 on Tuesday.
Trading ended with an average of 37,272 shares at US$1,248, down from 64,380 units at US$7,418 on Tuesday. For the month to date, trading closed with an average of 35,321 units at US$2,337, in line with 35,217 stocks at US$2,395 on the previous day and October that ended with an average of 35,022 stock units for US$2,855.
The US Denominated Equities Index gained 4.58 points to end at 203.42. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 8.2. The PE ratio is computed by dividing the last traded price by projected earnings, which are calculated by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, Margaritaville advanced 0.99 of a cent in closing at 8 US cents with a transfer of 21 shares, MPC Caribbean Clean Energy popped 0.03 of a cent to 40 US cents, with an exchange of 123 stock units,
Productive Business Solutions gained 9 cents to end at 80 US cents after a transfer of 237 shares. Proven Investments rose 0.1 of one cent to close at 10 US cents with traders dealing in 236 stock units, Sygnus Credit Investments ended at 7 US cents after 14,691 stock units were traded and Transjamaican Highway remained at 3.08 US cents with 245,535 stocks crossing the market.
In the preference segment, JMMB Group US8.5% lost 0.02 of a cent to US$1.18 after an exchange of 60 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.