The prices of all stocks trading on the Jamaica Stock Exchange US dollar market fell on Friday following an exchange of six securities, seeming to have taken cue from the across the board declines in international markets. Proven Investments, a financial service provider, led trading with 94 percent of the day’s trade following a 1,110 percent volume surge in the market, with the value ballooning 2,463 percent higher than on Thursday.
Proven Investments led trading on the JSE USD market on Friday.
The market closed with an exchange of 807,161 shares for US$98,342, well above the 66,723 stocks trading at just US$3,837 on Thursday.
Trading averaged 134,527 shares at US$16,390, well over the 11,121 stocks exchange at US$639 on Thursday, with a month to date average of 44,775 units at US$4,703, up from 24,830 stocks at US$2,106 on the previous day and March that ended with an average of 92,288 units for US$8,588.
The US Denominated Equities Index sank 4.38 points to cease trading at 209.80. 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 best-known measures to determine appropriate stock values, averages 10.8. The PE ratio is calculated based on the last traded price divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market, Proven Investments skidded 1 cent and ended at 9 US cents in the trading of 758,621 shares, Sterling Investments slipped 0.1 of a cent to 1.85 US cents after a transfer of 1,181 stock units and Transjamaican Highway shed 0.14 of one cent to finish at 2.46 US cents to close with an exchange of 21,679 shares.
In the preference segment, JMMB Group 7.5% preferred share fell 1 cent to close at US$2 with an exchange of 679 units, JMMB Group US8.5% preference share dropped 2.2 cents to end at US$1.03 with 24,989 stocks passing through the market and Sygnus Credit Investments US 8% lost US$1.33 in closing at US$8.20 with 12 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.