The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded rising 273 percent, with no noticeable change in value compared to Thursday, resulting from the exchange of eight securities, compared with eight on Thursday, with prices of four rising, two declining and two ending unchanged.
The market closed with an exchange of 575,499 shares for US$26,595, up from 154,487 stock units at US$26,574 on Thursday.
Trading averaged 71,937 shares at US$3,324 compared to 19,311 stocks at US$3,322 on Thursday, with a month to date average of 1,012,116 stock units at US$27,647 compared with 1,115,150 shares at US$30,313 on the previous day and with May that ended with an average of 71,616 units for US$3,425.
The US Denominated Equities Index lost 2.32 points to close at 208.98, down 17 percent for the year to date. The Investor’s Choice bid-offer indicator shows none 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 10.4. 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, First Rock Real Estate USD share declined 0.48 of one cent to end at 1.47 US cents, with 10,662 shares crossing the market, Proven Investments rallied 0.5 of a cent to 11.01 US cents in switching ownership of 18,231 stock units, Sterling Investments increased 0.02 of one cent in closing at 2 US cents after 59,404 shares passed through the market. Sygnus Credit Investments climbed 0.35 of a cent to close at 7.35 US cents with investors trading 5,000 units, Sygnus Real Estate Finance USD share ended at 7 US cents, with 663 stocks crossing the exchange and Transjamaican Highway shed 0.03 of a cent to finish at 2.35 US cents with a transfer of 469,511 shares.
In the preference segment, JMMB Group US8.5% remained at US$1 after an exchange of 12,000 stocks and Productive Business Solutions 9.25% rose 52.7 cents to US$11.25 with investors trading 28 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.