e Jamaica Stock Exchange US dollar market at the close on Friday, with an 84 percent lower value than on Thursday, resulting in the exchange of seven securities, down from nine on Thursday with the price of one rising, two declining and four ending unchanged.
The market closed with an exchange of 669,330 shares for US$70,066 compared to 16,925,886 stocks at US$433,335 on Thursday. Trading averaged 95,619 shares at US$10,009 down sharply from 1,880,654 stocks at US$48,148 on Thursday, with a month to date average of 222,142 stock units at US$10,756 compared with 229,401 shares for US$10,798 on the previous day and October that ended with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 5.63 points to settle at 245.78. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages seven. 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 on Friday, Proven Investments ended at 10 US cents after an exchange of 210,272 stock units, Sygnus Credit Investments rose 0.23 of a cent to finish at 7 US cents with investors trading 354,924 shares, Sygnus Real Estate Finance USD share remained at 3.8 US cents after a transfer of 2,566 units and Transjamaican Highway shed 0.01 of a cent to end at 2.7 US cents with investors trading 90,494 stocks.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.09 after an exchange of 10,000 units, Productive Business Solutions 9.25% preference share remained at US$10 with 474 stocks crossing the market and Sygnus Credit Investments E8.5% slipped 10 cents to US$10 after an exchange of 600 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.