The Jamaica Stock Exchange US dollar market closed on Wednesday, without any winning or losing stocks following the exchange of four securities, compared with seven on Tuesday, with no stocks advancing, none declining and four ending unchanged. Trading ended with Transjamaican Highway taking 97.84 percent of the volume traded, resulting in the volume of stocks traded surging 1,014 percent with a 9 percent lower value than on Tuesday.
The market closed with an exchange of 2,301,473 shares for US$61,640, a steep increase from 206,661 stocks at US$67,749 on Tuesday.
Trading averaged 575,368 shares at US$15,410, up from 29,523 stocks at US$9,678 on Tuesday. Trading for the month to date averages 58,464 units at US$2,511 above 41,089 stocks at US$2,077 on the previous day and April, with an average of 261,717 units for US$10,686.
The US Denominated Equities Index shed 0.03 points to end at 246.97. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.6. 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, Sterling Investments remained at 1.98 US cents with 338 shares changing hands, Sygnus Credit Investments ended at 6.7 US cents after closing with 46,911 units changing hands and Transjamaican Highway ended at 2.5 US cents after an exchange of 2,251,745 shares.
In the preference segment, JMMB Group US8.5% ended at US$1.10, with investors trading 2,479 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.