Trading dropped 92 percent on the Jamaica Stock Exchange US Dollar Market on Friday, with both the volume and value of stocks traded declining 92 percent compared to trading on Thursday. The market activity ended with an exchange of six securities, compared with five on Thursday, with prices of three rising and three ending unchanged.
The market closed with an exchange of 26,534 shares for US$1,226 with a slide from 339,923 stocks at US$14,918 on Thursday.
The average trade of 4,422 shares ended with an average value of US$204 a decrease from 67,985 stocks at US$2,984 on Thursday, with a month to date average of 29,147 units at US$1,844 and is well aligned with 30,508 stocks at US$1,934 on the previous day and October that closed with an average of 35,022 units for US$2,855.
The US Denominated Equities Index gained 0.25 points to end at 199.67. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 8.2. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of trading, Margaritaville popped 1.2 cents to end at 9.2 US cents with 80 shares switching owners, Proven Investments remained at 10 US cents with investors swapping 6,190 units, Sterling Investments climbed 0.1 of a cent to close at 2 US cents with 497 stock units clearing the market. Sygnus Credit Investments ended at 7.01 US cents in trading of 30 shares, Sygnus Real Estate Finance USD share ended at 6.24 US cents after closing with an exchange of 37 stock units and Transjamaican Highway popped 0.01 of one cent to end at 2.97 US cents with 19,700 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.