The Jamaica Stock Exchange US dollar market closed 0.78 points higher on Friday, with the volume of stocks traded declining 17 percent with an 88 percent lower value than on Thursday as trading ended with nine securities changing hands, compared to seven on Thursday with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 145,889 shares for US$9,208 compared to 176,396 stocks at US$76,642 on Thursday. Trading averaged 16,210 shares at US$1,023 compared to 25,199 units at US$10,949 on Thursday, with a month to date average of 123,379 shares at US$5,075 compared with 130,523 stocks at US$5,345 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index gained 0.81 points to finish at 237.43. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling price and none with a lower offer.
The PE Ratio, one of the best-known measures used to determine appropriate stock values, averages 7.4. 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 of trading, First Rock Real Estate USD share gained 0.39 of one cent in closing at 2.99 US cents with investors dealing in 84 shares, Margaritaville skidded 2.4 cents to 8.6 US cents after an exchange of 800 stocks, Productive Business Solutions sank 5 cents to finish at US$1.40 with investors trading 79 shares. Proven Investments ended at 12.5 US cents, with 25,362 stock units clearing the market, Sterling Investments remained at 1.8 US cents with traders dealing in 410 shares, Sygnus Credit Investments rose 0.8 of a cent to close at 6.95 US cents with 56,623 stock units ended up being traded. Sygnus Real Estate Finance USD share ended at 5.9 US cents with investors trading 165 stocks and Transjamaican Highway advanced 0.07 of one cent to end at 2.87 US cents with an exchange of 62,363 units.
In the preference segment, Productive Business Solutions 9.25% preferred share remained at US$10.80 with just three stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
