The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded declining 56 percent, with a 57 percent lower value than on Thursday and ending in an exchange of 10 securities, similar to Thursday, with prices of two rising, six declining and two ending unchanged.
The market closed with an exchange of 469,876 shares for US$15,944 compared to 1,065,058 shares valued at US$37,187 on Thursday.
Trading averaged 46,988 shares at US$1,594 compared to 106,506 stock units at US$3,719 on Thursday, with a month to date average of 60,749 units at US$3,890 compared with 62,023 stocks at US$4,102 on the previous day and July that ended with an average of 71,904 units for US$3,475.
The US Denominated Equities Index dropped 8.84 points to 196.13. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 9.7. The PE ratio is calculated based on the last traded price, divided by projected earnings, computed by ICInsider.com for companies with their financial year ending around August 2025.
At the close, First Rock Real Estate USD share dipped 0.03 of a cent to finish at 1.95 US cents in trading of 3,343 shares, Margaritaville sank 0.5 of one cent to 7.5 US cents with 659 stocks crossing the market, Productive Business Solutions slipped 17.7 cents to close at a 52 week low of US$1.003 in switching ownership of 18 shares. Proven Investments ended at 10 US cents closed at 49,555 units, Sterling Investments lost 0.06 of a cent to end at 2.04 US cents, with 7,074 stock units being traded. Sygnus Credit Investments skidded 0.58 of one cent in closing at 7 US cents with investors exchanging 17,228 shares. Sygnus Real Estate Finance USD share fell 1.03 cents to 4.97 US cents after a transfer of 57 units and Transjamaican Highway rallied 0.42 of one cent to end at 2.42 US cents as investors exchanged 391,843 stocks.
In the preference segment, JMMB Group 7.5% remained at US$2.03, after 98 stock units passed through the market and Sygnus Credit Investments 8% popped 5 cents to close at US$9.45 with investors trading just one share.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.