Trading surged on the Jamaica Stock Exchange US dollar market at the closing on Friday, with the volume of stocks changing hands climbing 2,155 percent with a 1,740 percent more value than on Thursday, with an exchange of 3,634,466 shares for US$308,861 up from 161,171 stocks at US$16,786 on Thursday, following an exchange of six securities, down from seven on Thursday. Trading ended with prices of one stock rising, four declining and one ending unchanged.
The market closed with trading averaging 605,744 shares at US$51,477, well above 23,024 stocks at US$2,398 on Thursday, with a month to date average of 592,249 units at US$19,359 which is in line with 591,678 stocks at US$18,002 on the previous day and well above May, with an average of 71,616 units for US$3,425.
The US Denominated Equities Index slipped 2.98 points to end at 198.95. The Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and four with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.4. 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, Proven Investments dipped 0.06 of a cent and ended at 11 US cents with investors trading 32,042 shares, Sterling Investments rallied 0.06 of a cent to 2.16 US cents with an exchange of 1,000 stock units and Transjamaican Highway remained at 2.4 US cents, with 3,395,785 shares crossing the market.
In the preference segment, JMMB Group 7.5% fell 3 cents to finish trading at US$1.98 as investors exchanged 5,000 stock units, JMMB Group US8.5% slipped 4 cents to end at US$1.06 in switching ownership of 200,040 units and Sygnus Credit Investments US 8% lost 23 cents to close at US$9.60 with traders dealing in 599 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.