Investors exchanged 54 percent fewer shares with a two percent greater value than on Thursday, on the Jamaica Stock Exchange USD Market closed on Friday, resulting from an exchange of eight securities, compared with seven on Thursday, with prices of three rising, one declining and four ending unchanged.
The market closed with an exchange of 200,040 shares for US$20,497, from 436,513 stocks at US$20,849 on Thursday.
Trading averaged 25,005 shares at US$2,562 compared to 62,359 stocks at US$2,978 on Thursday, with a month to date average of 43,540 units at US$2,657 compared with 44,556 stocks at US$2,662 on the previous day and well below June with an average of 591,343 units for US$19,218.
The US Denominated Equities Index sank 1.57 points to conclude trading at 203.57. 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 last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Productive Business Solutions ended at US$1.18 with investors exchanging 58 shares, Proven Investments remained at 10.38 US cents with 7,293 stock units crossing the market, Sterling Investments closed at 2.1 US cents after an exchange of 15,696 shares. Sygnus Credit Investments rose 0.51 of a cent to end at 7.57 US cents, with an exchange of 6,850 stock units and Transjamaican Highway fell 0.03 of a cent in closing at 2.3 US cents, with investors passing 157,350 stocks through the market.
In the preference segment, JMMB Group US8.5% ended at US$1.10 with an exchange of 12,674 shares. Productive Business Solutions 9.25% rallied 30 cents to US$10.80 with an exchange of 59 stock units and Sygnus Credit Investments 8% increased 5 cents to finish at US$9.65 with 60 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.