The US Dollar Market of the Jamaica Stock Exchange closed out the week on Friday, with a slight bounce in the market index following an exchange of 10 securities, compared with eight on Thursday, with prices of one rising, three declining and six ending unchanged. The volume of stocks traded dropped by a significant 77 percent with a 63 percent lower value than on Thursday.
The market closed with an exchange of 215,394 shares for US$21,614 after nosediving from 922,462 stock units at US$57,771 on Thursday.
Trading ended with an average of 21,539 shares at US$2,161, down from 115,308 stock units at US$7,221 on Thursday, with a month to date average of 829,792 units at US$275,329 after sliding from 910,617 stock units at US$302,646 on the previous day but greater than May, with an average of 180,903 units for US$8,607.
The US Denominated Equities Index rose 1.56 points to close at 240.87. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.7. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, Productive Business Solutions ended at 42 US cents after a transfer of 7 shares, Proven Investments slipped 0.01 of a cent to 6.89 US cents with investors swapping 600 stock units, Sterling Investments remained at 2 US cents with a transfer of 1,000 shares. Sygnus Credit Investments gained 0.1 of one cent in closing at 5.6 US cents with 500 stocks passing through the exchange, Sygnus Real Estate Finance USD share ended at 4.94 US cents with trading of 406 units and Transjamaican Highway remained at 5 US cents after an exchange of 210,434 shares.
In the preference share segment, JMMB Group US8.5% remained at US$1.10 in trading 422 stocks, AS Bryden 6% ended at US$1 with 1,005 units crossing the market, Sygnus Credit Investments 8% fell 35 cents to close at US$10.95 with investors dealing in 500 stock units and Sygnus Credit Investments 8% skidded US$1 and ended at US$9 after a transfer of 520 shares.
Prices of stocks trading are those of the last transaction unless otherwise stated.
The market closed with an exchange of 922,462 shares for US$57,771, up from a mere 16,748 stock units at a minuscule US$664 on Wednesday.
The market closed with an exchange of a mere 16,748 shares for just US$664 after plunging from 5,859,990 stock units at US$2,002,197 on Tuesday.
The market closed with an exchange of 5,859,990 shares for US$2,002,197 compared to 4,137,658 stock units at US$1,379,370 on Monday.
Productive Business Solutions contributed $1.37 million, resulting in an exchange of nine securities, compared with nine on Friday, with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 257,807 shares for US$12,350 compared to 2,598,880 stock units at US$847,483 on Thursday.
The highly anticipated issue of shares in the United States capital market was listed on the Nasdaq today. Space Exploration Technologies Corporation, trading symbol SPCX, climbed 19.2 percent on the first day of trading on the Nasdaq Stock Exchange on Friday, with the price closing at US$160.95. Probably the most hyped public share offering of all time, traded as high as US$176.52.
The market closed with an exchange of 75,013,983 shares for US$25,753,494 compared to just 217,942 stock units at US$41,341 on Tuesday.
The market closed with an exchange of 217,942 shares with a value of US$41,341 after climbing from 157,534 stock units at US$7,569 on Monday.