Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Friday, with a 449 percent surge in volume and a 263 percent climb in value over Thursday, resulting from an exchange of seven securities, compared with eight on Thursday, with prices of three rising, three declining and one ending unchanged.
The market closed with an exchange of 1,082,403 shares for US$81,699, increasing from just 197,037 stocks at US$22,508 on Thursday.
Trading ended with an average of 154,629 shares at US$11,671, rising from 24,630 stocks at US$2,813 on Thursday, with a month to date average of 35,083 units at US$3,425 compared with 21,136 stocks at US$2,463 on the previous day and July with an average of 71,904 units for US$3,475.
The US Denominated Equities Index rose 0.14 points to 204.70. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none 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, Proven Investments lost 1.6 cents to finish at 8.68 US cents with investors swapping 69,453 shares, Sygnus Credit Investments rallied 0.5 of one cent and ended at 7.5 US cents with 800 stock units crossing the market,
Sygnus Real Estate Finance USD share ended at 6 US cents with investors exchanging 810 shares and Transjamaican Highway sank 0.11 of one cent in closing at 2.37 US cents with 986,475 stocks clearing the market.
In the preference segment, JMMB Group 7.5% shed 3.99 cents to end at US$2.01 after traders exchanged 24,796 units, JMMB Group US8.5% popped 4 cents to close at US$1.05 with 9 shares passing through the market and Productive Business Solutions 9.25% advanced 2 cents to US$10.50 in an exchange of 60 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stat