The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded rising 75 percent with a 47 percent more value than on Thursday, resulting in exchange of six securities, compared with 10 on Thursday with prices of three rising, one declining and two ending unchanged.
The market closed with an exchange of 494,374 shares for US$24,068 compared with 283,206 stock units at US$16,423 on Thursday.
Trading averaged 82,396 shares at US$4,011 compared to 28,321 stocks at US$1,642 on Thursday, with a month to date average of 60,683 units at US$4,126 compared with 59,094 stocks at US$4,134 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index popped 1.27 points to end at 223.99. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 of market activity, MPC Caribbean Clean Energy increased 6 cents to finish at 54 US cents after an exchange of 350 stocks, Productive Business Solutions trading for the first time in months, following the lifting of suspension in trading popped 1 cent to US$1.46 with 31 stock units clearing the market, Proven Investments closed at 11.1 US cents with traders dealing in 57,264 shares. Sygnus Credit Investments ended at 6.98 US cents with 160,023 stocks passing through the market and Transjamaican Highway advanced 0.02 of one cent to end at 2.4 US cents in an exchange of 276,697 shares.
In the preference segment, Sygnus Credit Investments E8.5%shed 10 cents to close at US$10.90 with 9 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
