The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded, jumping 246 percent with an 80 percent greater value than on Thursday, resulting in an exchange of six securities, compared to seven on Thursday with prices of four rising and two ending unchanged.
The market closed with an exchange of 868,169 shares for US$18,549 compared to 250,561 units at US$10,284 on Thursday.
Trading ended with an average of 144,695 shares at US$3,091 compared with 35,794 stock units at US$1,469 on Thursday, with a month to date average of 297,880 units at US$8,245 compared with 306,160 shares at US$8,524 on the previous day and July that ended with an average of 30,304 stocks for US$2,118.
The US Denominated Equities Index gained 3.75 points to close at 231.89.
The PE Ratio, the well used measure to determine appropriate stock values, averages 8. 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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, First Rock Real Estate USD share remained at 4 US cents with traders dealing in 1,000 stock units, Margaritaville popped 1.6 cents to 8.4 US cents with an exchange of 453 shares, while Proven Investments ended at 9.8 US cents with 383 stock units crossing the market. Sterling Investments rose 0.14 of a cent in closing at 1.64 US cents after an exchange of 1,500 units and Transjamaican Highway rallied 0.12 of a cent to close at 2.11 US cents with a transfer of 864,783 shares.
In the preference segment, Sygnus Credit Investments E8.5% increased 15 cents to end at US$10.30 with an exchange of 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly rise on the JSE USD Market
August 30, 2024 by
