The Jamaica Stock Exchange US dollar market closed with robust trading on Friday, resulting in an exchange of 10 securities, up from nine on Thursday with prices of five rising, two declining and three ending firm following a 54 percent drop in the volume traded accompanied by a slight dip in value than on Thursday as the market closed just shy of 2024 high, in March.
The market closed with an exchange of 212,448 shares for US$18,687 compared to 466,535 stock units at US$18,867 on Thursday.
Trading averaged 21,245 shares at US$1,869 compared with 51,837 stocks at US$2,096 on Thursday, with a month to date average of 186,934 units at US$9,182 compared with 196,915 shares at US$9,622 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rocketed 14.47 points to close at 266.82, just shy of the highest point for the year of 269.04 on March 7th. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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 increased 4.7 cents to end at 25 US cents with investors dealing in 500 shares, First Rock Real Estate USD share remained at 2.45 US cents after an exchange of 3,000 stocks, Margaritaville ended at 8 US cents after trading of just 5 shares. Proven Investments remained at 11.1 US cents as investors exchanged 118,644 stock units, Sterling Investments popped 0.07 of one cent in closing at 1.55 US cents in switching ownership of 43 shares, Sygnus Credit Investments lost 0.01 of a cent to close at 6.99 US cents with investors trading 7,000 stocks. Sygnus Real Estate Finance USD share advanced 0.91 of one cent to 6 US cents with 2,563 units crossing the market and Transjamaican Highway rose 0.13 of a cent in closing at 2.89 US cents with a transfer of 80,458 stock units.
In the preference segment, Productive Business Solutions 9.25% preference share shed 4 cents to end at US$10.40 with 225 shares clearing the market and Sygnus Credit Investments E8.5% gained US$1.49 to finish at US$10 in an exchange of 10 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.