The Jamaica Stock Exchange US dollar market closed Wednesday, with a 144 percent jump in the volume of stocks traded having a 73 percent lower value than Tuesday and resulting in an exchange of eight securities, compared with 10 on Tuesday with prices of three rising, three declining and two ending unchanged.
The market closed after investors exchanged 648,148 shares with a value of US$24,798 compared to 266,132 stocks at US$92,122 on Tuesday.
Trading averaged 81,019 shares at US$3,100 compared to 26,613 stocks at US$9,212 on Tuesday, with a month to date average of 69,966 units at US$4,519 to be in line with 68,085 stocks at US$4,761 on the previous day and compared to February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index popped 2.53 points to finish at 240.09. 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 best known measures to determine appropriate stock values, averages 11.3. 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, Proven Investments fell 0.29 of a cent to 10.71 US cents with traders dealing in 42,080 stock units, Sterling Investments ended at 1.87 US cents with 55 shares crossing the exchange, Sygnus Credit Investments increased 0.69 of a cent to finish at 7 US cents with a transfer of 4,514 stocks and Transjamaican Highway popped 0.06 of a cent to close at 2.51 US cents after an exchange of 599,335 units.
In the preference segment, JMMB Group 7.5% preferred share remained at US$2.01 with investors trading 1,837 shares, JMMB Group US8.5% preference share slipped 1 cent in closing at US$1.04 in switching ownership of 227 stock units. Productive Business Solutions 9.25% preference share climbed 50 cents to US$10.80 as investors exchanged 85 stocks and Sygnus Credit Investments US 8% fell US$1.4499 to finish at US$8.55 with 15 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
