Trading plunged on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks traded dropping 97 percent, with a 98 percent lower value than on Thursday, resulting from an exchange of just three securities, compared with nine on Thursday, with prices of one rising, one declining and one ending unchanged.
The market closed with an exchange of a mere 16,150 shares for a measly US$433, with a plunge from 511,073 stocks at US$25,145 on Thursday.
Trading averaged 5,383 shares at US$144 compared to 56,786 stocks at US$2,794 on Thursday, with a month to date average of 46,984 units at US$2,614, down slightly from 48,875 stocks at US$2,726 on the previous day and September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index advanced 4.80 points to wrap up trading at 193.57. 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 P/E ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.2. The P/E is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, Productive Business Solutions slipped 1 cent to finish at 73 US cents with a mere 3 shares being traded, Sygnus Credit Investments ended at 7.78 US cents with investors dealing in 58 units and Transjamaican Highway increased 0.09 of one cent to 2.64 US cents with 16,089 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 511,073 shares for US$25,145, jumping from 299,306 stocks at US$9,514 on Wednesday.
Proven Investments remained at 10 US cents with 159,490 shares crossing the market, Sterling Investments slipped 0.1 of a cent to finish at 1.9 US cents with investors swapping 578 stock units, Sygnus Credit Investments ended at 7.78 US cents with 525 shares changing hands. Sygnus Real Estate Finance USD share gained 0.97 of a cent to 6.78 US cents in trading 3,279 units and Transjamaican Highway ended at 2.55 US cents after a transfer of 346,609 stocks.
The market closed with an exchange of 299,306 shares for US$9,514 compared to 379,474 stocks at US$44,058 on Tuesday.
Sterling Investments ended at 2 US cents with investors swapping 9 shares, Sygnus Credit Investments remained at 7.78 US cents in an exchange of 25,398 stock units, Sygnus Real Estate Finance USD share ended at 5.81 US cents with trading of 3,978 shares and Transjamaican Highway dipped 0.09 of a cent and ended at 2.55 US cents with an exchange of 267,767 stock units.
The market closed with an exchange of 379,474 shares for US$44,058, rising from 62,154 stocks at US$12,021 on Monday.
Proven Investments remained at 10 US cents in an exchange of 392 units, Sterling Investments ended at 2 US cents with 54 stock units crossing the market, Sygnus Credit Investments remained at 7.78 US cents with investors trading 522 shares and Transjamaican Highway rallied 0.12 of one cent to 2.64 US cents after an exchange of 225,486 stock units.
The market closed with an exchange of 62,154 shares for US$12,021, in tumbling from 243,669 stocks at US$12,522 on Friday.
Proven Investments rallied 0.14 of one cent in closing at 10 US cents with an exchange of 3,191 units, Sterling Investments ended at 2 US cents after an exchange of 1,248 stocks, Sygnus Credit Investments ended at 7.78 US cents after the trading of 354 units. Sygnus Real Estate Finance USD share ended at 5.81 US cents with investors swapping 108 shares and Transjamaican Highway dropped 0.09 of one cent to end at 2.52 US cents after an exchange of 10,616 stock units.
The market closed with an exchange of 179,556 shares worth US$84,417, compared with 208,255 stocks at US$6,331 on Wednesday.
Sterling Investments lost 0.25 of a cent in closing at 1.75 US cents with an exchange of 22,646 units. Sygnus Credit Investments gained 0.51 of a cent to finish at 7.77 US cents with a mere 16 shares clearing the market, Sygnus Real Estate Finance USD share slipped 0.69 of a cent and ended at 5.12 US cents with investors trading 18,409 stock units and Transjamaican Highway rose 0.03 of one cent to close at 2.61 US cents in an exchange of 106,755 shares.
The market closed with an exchange of 1,323,683 shares for US$100,037 rising from 1,046,928 stocks at US$52,952 on Monday.
At the close of trading, MPC Caribbean Clean Energy ended at 44.84 US cents with investors dealing in 600 shares, Productive Business Solutions dipped 10 cents to close at a 52 week low of 75 US cents after a transfer of 7,160 stocks, Proven Investments rose 0.1 of a cent to end at 10 US cents with 145,798 units passing through the market. Sterling Investments sank 0.03 of one cent to finish at 2 US cents in an exchange of 15,172 shares, Sygnus Credit Investments skidded 0.05 of a cent to close at 7.26 US cents with investors trading 7,459 stock units and Transjamaican Highway rose 0.01 of one cent in closing at 2.68 US cents with 1,142,565 shares crossing the exchange.
Trading ended with a 67 percent decline in the volume of stocks traded, accompanied by a 48 percent drop in value compared to Friday.
Sygnus Credit Investments popped 0.06 of one cent to finish at 7.31 US cents after trading of 2,000 shares. Sygnus Real Estate Finance USD share gained 0.81 of a cent and ended at 5.81 US cents with traders exchanging 1,114 stocks and Transjamaican Highway rose 0.03 of a cent to 2.67 US cents after closing with an exchange of 985,814 units.
The market closed with an exchange of 3,135,427 shares for US$102,687 jumping from 59,756 stock units at US$12,538 on Thursday.
Productive Business Solutions fell 15 cents to 85 US cents with 160 stocks being traded, Proven Investments remained at 10 US cents as investors passed 252,341 units through the market. Sterling Investments inched 0.01 of one cent higher to finish at 2.03 US cents after a transfer of a mere one share and Transjamaican Highway rose 0.06 of a cent in closing at 2.64 US cents as investors exchanged 2,881,915 stock units.In the preference segment, JMMB Group 7.5% ended at US$2.10 with a transfer of 619 shares and Sygnus Credit Investments E8.5% advanced 6.02 cents to US$9.41 as 150 stocks crossed the market.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 59,756 shares for US$12,538, moving up from 50,243 stocks at US$4,303 on Wednesday.
Proven Investments remained at 10 US cents with investors trading 5,154 units. Sygnus Credit Investments lost 0.35 of a cent and ended at 7.25 US cents, with traders switching ownership of 250 shares and Transjamaican Highway shed 0.01 of one cent in closing at 2.58 US cents with investors trading 49,382 stock units.