The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded soaring 388 percent, with a 1653 percent greater value than on Thursday, resulting from an exchange of eight securities, compared with 10 on Thursday with prices of two rising, five declining and one ending unchanged and ended with, the US Denominated Equities Index declining by 2.07 points to end at 239.96.
The market closed with an exchange of 192,369 shares for US$70,619 compared to 39,450 stocks at US$4,029 on Thursday.
Trading ended with an average of 24,046 shares for US$8,827 compared with 3,945 stocks at US$403 on Thursday. The month to date averaged 75,681 stocks units at US$5,857 compared with 89,006 stocks at US$5,091 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures 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.
In closing out the week, MPC Caribbean Clean Energy dropped 10 cents to end at 50 US cents with an exchange of 119 stock units, Proven Investments slipped 0.03 of one cent to 11.97 US cents with 44,083 shares crossing the market, Sterling Investments skidded 0.02 of a cent to finish at 1.86 US cents with investors trading 8,364 units. Sygnus Credit Investments popped 0.3 of one cent to 6.8 US cents after a transfer of 2,334 stock units and Transjamaican Highway lost 0.04 of a cent to close at 2.75 US cents with 119,254 shares to end trading.
In the preference segment, JMMB Group 5.75% remained at US$2 with 15,000 stock units passing through the market. Productive Business Solutions 9.25% preference share shed 35 cents to US$10.35 with traders dealing in 225 units and Sygnus Credit Investments E8.5% rallied 1 cent to end at US$9.91 in an exchange of 2,990 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.