The US Dollar Market of the Jamaica Stock Exchange closed on Friday, with the volume of stocks traded rising 795 percent with a 1,314 percent greater value than on Thursday, resulting in an exchange of eight securities, compared with five on Thursday with prices of one rising, five declining and two ending unchanged.
The market closed with an exchange of 366,672 shares for US$71,333 compared to 40,971 stock units at US$5,045 on Thursday.
Trading ended with an average of 45,834 shares at US$8,917 compared with 8,194 stocks at US$1,009 on Thursday, with a month to date average of 49,441 units at US$4,272 compared with 50,402 stock units at US$3,034 on the previous day and May that ended with an average of 180,903 units for US$8,607.
The US Denominated Equities Index shed 1.38 points to wrap up trading at 234.33. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 7.6. ICInsider.com compiles the earnings per share and the PE used in this report. The P/E ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, Margaritaville dropped 0.06 of one cent and ended at 6.9 US cents following trading of 350 shares, Proven Investments slipped 0.03 of a cent to 6.07 US cents in an exchange of 105,218 units, Sterling Investments popped 0.28 of a cent to end at 1.98 US cents with investors trading 5,715 stocks. Sygnus Credit Investments skidded 0.1 of a cent in closing at 5.9 US cents in an exchange of 728 shares and Transjamaican Highway fell 0.1 of one cent to finish at 4.6 US cents after 248,833 stock units passed through the market.
In the preference segment, JMMB Group 7.5% remained at US$2.06 in switching ownership of 243 shares. AS Bryden 6% ended at US$1 as investors exchanged just one share and Productive Business Solutions 9.25% slipped US$1.1469 to end at US$9.35 with a transfer of 5,584 stocks.
Prices of stocks traded are of the last transaction unless otherwise stated.