Trading plunged for a second consecutive day on the Jamaica Stock Exchange US dollar market on Friday, with the early closure of the market at noon, with a 77 percent drop in the volume of stocks traded, with a 53 percent lower value than on Thursday, resulting in an exchange of eight securities, compared with 12 on Thursday. Trading ended with no stock recording gains while three declined and five ended unchanged.
The market closed with an exchange of 24,870 shares for US$3,934 compared to 107,676 stocks at US$8,375 on Thursday.
Trading averaged just 3,109 shares at a mere US$492, down from 8,973 stocks at US$698 on Thursday, with a month to date average of 38,389 units at US$3,056 compared with 40,405 stocks at US$3,203 on the previous day and well below September that ended with an average of 127,542 units for US$6,557.
The US Denominated Equities Index advanced by a mere 0.07 points to 197.23. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.3. The PE ratio is computed by using the last traded price divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2026.
At the close, First Rock Real Estate USD share remained at 3.2 US cents, with 1,773 shares crossing the exchange, Productive Business Solutions ended at 74 US cents with a transfer of just one unit, Proven Investments ended at 10.25 US cents after two stock units passed through the market. Sterling Investments remained at 2 US cents in an exchange of 2,106 shares, Sygnus Credit Investments declined 0.92 of a cent to 6.82 US cents, with 20,499 stock units being traded and Transjamaican Highway lost 0.01 of a cent and ended at 2.74 US cents in an exchange of 252 shares.
In the preference segment, AS Bryden ended at US$1 with traders dealing in one unit and Sygnus Credit Investments 8% skidded 50 cents to finish at US$10, with 236 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.