Stocks jump 4% on the JSE USD Market


The Jamaica Stock Exchange US dollar market closed nearly 4 percent higher on Friday, even as the volume of stocks traded sank 68 percent, with a slightly lower value than on Thursday. Trading led to an exchange of seven securities, compared to six on Thursday, with three rising and four ending unchanged, with the US Denominated Equities Index popping 7.42 points to close trading at 209.67.

The market closed with an exchange of 164,281 shares for US$15,479 after tumbling from 516,470 stock units at US$15,861 on Thursday.
Trading averaged 23,469 shares for US$2,211, after sliding from 86,078 stock units at US$2,643 on Thursday, with a month to date average of 36,788 units at US$2,343, marginally less than the 37,436 stock units at US$2,350 on the previous day and October that ended with an average of 35,022 units for US$2,855.
The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 8.6. The PE ratio is derived divided the last traded stock price by a company’s earnings. The earnings used for this report is computed by ICInsider.com for companies with their financial year ending around August 2026.
At the close of the market, Productive Business Solutions popped 10 cents to finish at 90 US cents after investors exchanged 8 shares, Proven Investments rallied 0.95 of a cent and ended at 10 US cents after an exchange of 7,967 stock units, Sterling Investments increased 0.25 of a cent to 2 US cents with 300 shares being traded in the market. Sygnus Credit Investments ended trading at 7 US cents, with investors exchanging 853 stocks and Transjamaican Highway remained at 3.07 US cents after 150,150 units crossed the exchange.
In the preference segment, JMMB Group 7.5% ended at US$2.02, with an exchange of 4,903 stocks and JMMB Group US8.5% remained at US$1.18 following an exchange of 100 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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