Investors pushed the Jamaica Stock Exchange US dollar market higher at the end of trading on Friday, following a 21 percent rise in the volume of stocks exchanged with a 48 percent lower value than on Thursday, resulting in trading in seven securities, the same number as Thursday with prices of two rising, one declining and four ending unchanged.
The market closed with an exchange of 269,334 shares for US$34,981 compared to 222,252 units at US$66,982 on Thursday.
Trading averaged 38,476 stock units at US$4,997 versus 31,750 shares at US$9,569 on Thursday, with a month to date average of 35,003 shares at US$3,553 compared with 34,379 units at US$3,294 on the previous day and June that ended with an average of 53,325 units for US$3,682.
The US Denominated Equities Index gained 0.37 points to end the day at 224.94.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is computed based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, AS Bryden ended at 22.49 US cents with traders dealing in 10,699 stocks, First Rock Real Estate USD share popped 0.47 of a cent to 4.47 US cents in switching ownership of 215 stock units, 
Margaritaville slipped 0.4 of one cent to end at 8.5 US cents after an exchange of 240 shares. MPC Caribbean Clean Energy popped 9.15 cents and ended at a 52 weeks’ high of 70.15 US cents with investors trading 14 stocks, Proven Investments remained at 12 US cents with an exchange of 115,060 shares and Transjamaican Highway ended at 2 US cents after 126,852 stocks crossed the market.
In the preference segment, JMMB Group US8.5% preference share ended at US$1 in an exchange of 16,254 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE USD Market
July 12, 2024 by
