Stocks recorded gain in trading on the Jamaica Stock Exchange US dollar market on Friday, but the volume of stocks changing hands declined 81 percent, with an 84 percent lower value than on Thursday, resulting in seven securities traded, compared to eight on Thursday with one rising, five declining and one ending unchanged.
A total of 94,250 shares were exchanged for US$10,054 compared with 500,869 units at US$62,995 on Thursday.
Trading averaged 13,464 shares at US$1,436 compared with 62,609 shares at US$7,874 on Thursday, well down on the average for August of 57,291 units at US$4,251.
The US Denominated Equities Index rose 5.31 points to settle at 245.14.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.8. The PE ratio is calculated based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share ended at 4 US cents after 327 shares were traded, MPC Caribbean Clean Energy dipped 10.75 cents to end at 54 US cents after an exchange of 18 stocks, Productive Business Solutions gained 9.5 cents to end at US$1.795, with 216 units clearing the market. Proven Investments skidded 0.05 of a cent and ended at 14.95 US cents with investors transferring 56,539 stocks, Sterling Investments shed 0.04 of a cent to land at 1.9 US cents with an exchange of 70 units, Sygnus Credit Investments fell 1.03 cents to 9.2 US cents while investors traded 9,200 stocks and Transjamaican Highway dipped 0.01 of a cent to end at 1.73 US cents with stakeholders exchanging 27,880 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.