Trading jumped sharply on the Jamaica Stock Exchange US dollar market closed on Thursday, with the volume of stocks traded surging 322 percent with a 23 percent lower value than on Wednesday, resulting in the exchange of eight securities, compared with six on Wednesday with prices of one rising, six declining and one ending unchanged.
The market closed with an exchange of 333,718 shares valued US$11,447 versus 79,091 stocks at US$14,862 on Wednesday, with Transjamaican Highway, the leading trade with over 300,000 shares.
Trading averaged 41,715 shares at US$1,431 compared to 13,182 stocks at US$2,477 on Wednesday, with a month to date average of 153,581 stock units at US$6,694 compared with 162,621 stocks at US$7,120 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index fell 3.75 points to close at 213.66. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 6.7. 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, AS Bryden remained at 16.5 US cents with investors trading 100 shares, First Rock Real Estate USD share declined by 0.19 of a cent to 2.71 US cents with 961 stocks crossing the market, MPC Caribbean Clean Energy sank 10 cents in closing at a 52 weeks’ low of 40 US cents with investors swapping 50 shares. Proven Investments shed 0.01 of one cent to end at 11.29 US cents and closed with an exchange of 16,249 stock units, Sygnus Credit Investments slipped 0.1 of one cent to finish at 6.9 US cents with 11,701 shares crossing the market, Sygnus Real Estate Finance USD share rallied 1.04 cents to close at 7.94 US cents in an exchange of 4,384 stock units and Transjamaican Highway fell 0.14 of one cent to 2.5 US cents with investors dealing in 300,186 units.
In the preferred segment, Sygnus Credit Investments US 8% skidded 15 cents to close at US$9.60 in switching ownership of 87 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.