The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded rising 29 percent, with a 95 percent lower value than on Thursday, resulting in an exchange of five securities, compared with nine on Thursday, ending with prices of one rising, one declining and three were left unchanged.
The market closed with an exchange of 64,440 shares for US$2,396 in contrast to 49,993 stocks at US$52,790 on Thursday.
Trading ended with an average of 12,888 shares at US$479, from 5,555 stocks at US$5,866 on Thursday, with a month to date average of 14,966 units at US$3,043, well aligned with the 15,351 stocks at US$3,518 on the previous day and July that ended with an average of 71,904 units for US$3,475.
The US Denominated Equities Index gained 0.78 points to 205.94. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. The PE ratio is calculated based on the last traded prices, divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market on Friday, Proven Investments remained at 10.77 US cents with investors exchanging 277 shares, Sygnus Credit Investments rallied 0.05 of one cent to 7.2 US cents following trading of 3,361 stock units and Transjamaican Highway ended at 2.39 US cents after traders exchanged 60,461 shares.
In the preference segment, JMMB Group 7.5% skidded 3.5 cents to end at US$2.02 with investors trading 331 stocks and JMMB Group US8.5% ended at US$1.10, with 10 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.