On Friday, investors cooled buying interest in trading on the Jamaica Stock Exchange US Dollar Market, with the volume of stocks traded falling just under 100 percent with a 98 percent lower value than on Thursday, resulting from eight securities changing hands, down from 11 on Thursday with prices of one rising, three declining and four ending unchanged.
The market closed with an exchange of a mere 73,658 shares for US$42,410, as trading tumbled from the heady 76,914,195 stocks at US$1,740,363 on Thursday.
Trading averaged 9,207 shares at US$5,301, down from 6,992,200 stocks at US$158,215 on Thursday, with a month to date average of 1,721,134 units at US$44,326, decreasing from 2,081,540 stocks at US$52,542 on the previous day, but greater than May with an average of 71,616 units for US$3,425.
The US Denominated Equities Index gained 0.81 points to settle at 209.89. The Investor’s Choice bid-offer indicator shows one stock 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 10.3. 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, First Rock Real Estate USD share advanced 0.21 of a cent in closing at 1.64 US cents with a mere one share passing through the market, Proven Investments ended at 10.99 US cents, with 17,718 units changing hands, Sterling Investments skidded 0.12 of a cent to finish at 1.86 US cents with investors trading 484 stocks. Sygnus Credit Investments fell 0.2 of one cent and ended at 7 US cents, with investors clearing 3,100 shares and Transjamaican Highway, after the big 76.8 million shares traded on Thursday, remained at 2.39 US cents with investors trading 16,943 stock units.
In the preference segment, JMMB Group US8.5% remained at US$1, with traders exchanging 34,912 shares in the market. Productive Business Solutions 9.25% slipped 7.7 cents to US$10.72 with investors swapping 100 stocks and Sygnus Credit Investments US8% ended at US$9.84 after 400 units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.