Trading jumped sharply on the Jamaica Stock Exchange US dollar market on Friday, with the volume of stocks changing hands jumped 376 percent with a 368 percent greater value than on Thursday, resulting from an exchange of 10 securities, up from six on Thursday with prices of two rising, three declining and five ending unchanged.
The market closed with an exchange of 566,050 shares for US$37,617 up from 118,803 stocks at US$8,042 on Thursday. Trading averaged 56,605 shares at US$3,762 well over the 19,801 stocks at US$1,340 on Thursday, with a month to date average of 296,380 units at US$9,389 compared to 317,788 stocks at US$9,892 on the previous day and an average of 186,934 units for US$9,182 in November.
The US Denominated Equities Index increased 0.08 points to conclude trading at 229.66. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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, Margaritaville gained 0.67 of a cent to end at 6.78 US cents after 141 shares were traded, Productive Business Solutions ended at US$1.45 with 8 stocks crossing the market, Proven Investments remained at 11.1 US cents in switching ownership of 162,230 shares. Sterling Investments sank 0.32 of a cent and ended at 1.4 US cents after an exchange of 109 stock units, Sygnus Credit Investments ended at 7 US cents with a transfer of 186 shares, Sygnus Real Estate Finance USD share ended at 5.88 US cents with investors swapping 284 units and Transjamaican Highway popped 0.04 of one cent to 2.87 US cents after an exchange of 402,232 stocks.
In the preference segment, JMMB Group US8.5% preference share skidded 1.3 cents to finish at US$1.145 with investors trading 17 stock units, Productive Business Solutions 9.25% preference share fell 4 cents and ended at US$10.21 after a transfer of 200 shares and Sygnus Credit Investments E8.5% ended at US$9.50 after investors ended trading 643 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
