Trading plunged on the Jamaica Stock Exchange US Dollar Market at the close on Friday, with a sharp 93 percent drop in the number of stocks traded, at a 94 percent lower value than on Thursday. The market index slipped, following an exchange of nine securities, down from 11 on Thursday, with three rising, two declining and four ending unchanged.
Trading ended with an exchange of only 510,507 shares at US$35,262, down precipitously from 7,285,203 stock units at US$558,521 on Thursday.
Trading averages 56,723 shares at US$3,918, well below the 662,291 stock units at US$50,775 on Thursday. Trading month to date, averages 147,912 units at US$12,062, well within Thursday’s range of 154,987 stock units at US$12,694 and compared with August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index slipped 3.48 points to settle at 303.57. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close, Margaritaville dipped 0.7 of a cent to end at 4.31 US cents with a transfer of 7,500 stocks, Productive Business Solutions climbed 1 cent to 85 US cents as investors exchanged just one unit,
Proven Investments rose 0.42 of one cent to end at 5.98 US cents, with 3,655 shares crossing the market. Quantas Advantage lost 0.05 of one cent in closing at 13.95 US cents in exchanging 1,353 stock units, Sterling Investments remained at 2.28 US cents, after a mere 4 shares passed through the market, Sygnus Credit Investments gained 0.7 of one cent to finish at 6.78 US cents after an exchange of 62,518 units and Transjamaican Highway ended at 7 US cents in trading 435,465 stocks.
In the preference segment, JMMB Group 7.5% remained at US$2 after a transfer of 10 stock units and AS Bryden 6% ended at US$1, with an exchange of just one share.
Prices of securities trading are those for the last transaction.