Stocks trading, surged 395 percent in value on the Jamaica Stock Exchange US dollar market on Friday, with a 95 percent jump in the number of stocks changing hands than on Wednesday, resulting in trading in six securities, similar to Wednesday with prices of three declining and three ending unchanged.
The market closed with an exchange of 315,594 shares for US$28,050 compared to 161,765 units at US$5,665 on Wednesday.
Trading averaged 52,599 stock units at US$4,675 versus 26,961 shares at US$944 on Wednesday, compared with an average of 30,304 units for US$2,118.
The US Denominated Equities Index climbed 0.72 points to lock up trading at 227.45.
The PE Ratio, a most used measure for computing appropriate stock values, averages 8.1. The PE ratio is calculated based on last traded prices divided by projected earnings done by ICInsider.com for companies with financial year ending and or around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close of the market, Margaritaville lost 1.5 cents to end at 8.5 US cents, with 20 stocks crossing the market, Proven Investments remained at 11 US cents in switching ownership of 6,374 units, 
Sygnus Credit Investments skidded 0.4 of a cent to close at 6.6 US cents with 1,003 shares clearing the market and Transjamaican Highway slipped 0.08 of a cent to finish at 2.02 US cents in an exchange of 306,147 stock units.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.06 with investors trading 50 shares and Sygnus Credit Investments E8.5% ended at US$10.40 after a transfer of 2,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surge on JSE USD market
August 2, 2024 by
