The US dollar market of the Jamaica Stock Exchange climbed on Friday, following an exchange, with trading surging 1,823 percent to 2,482,008 shares changing hands, from an exchange of 129,045 stocks on Thursday. The value of stocks traded jumped 305 percent to US$72,123, from US$17,826 on Thursday. Ownership of eleven securities was switched, compared with 10 on Thursday, ending with prices of five advancing, four declining and two ending unchanged.
The market closed with an average of 225,637 shares trading at US$6,557 compared to 12,905 stocks at US$1,783 on Thursday, with a month to date average of 52,330 units at US$2,858, above 25,095 stocks at US$2,277 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index climbed 5.95 points to settle at 210.94. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
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 the financial year ending around August 2025.
At the close of trading activity, MPC Caribbean Clean Energy fell 3.9 cents to 39 US cents and closed with 21 shares being traded, Proven Investments ended at 10.99 US cents with 3,260 units crossing the exchange, Sterling Investments advanced 0.21 of one cent in closing at 2.1 US cents with investors trading 2,090 stocks. Sygnus Credit Investments popped 0.02 of a cent to finish at 7.6 US cents after 169,098 shares crossed the market, Sygnus Real Estate Finance USD share dropped 1 cent and ended at 5 US cents in an exchange of 439 stocks and Transjamaican Highway rallied 0.03 of one cent to 2.37 US cents with 2,306,976 shares changing hands.
In the preference segment, JMMB Group 7.5% increased 8 cents to US$2.10 after a transfer of 14 stock units, AS Bryden sank 1 cent in closing at 96 US cents with 45 stocks switching owners, Productive Business Solutions 9.25% climbed 30.01 cents to end at US$10.30 as 3 units crossed the market. Sygnus Credit Investments 8% skidded 5 cents to finish at US$9.55 with a transfer of 50 stocks and Sygnus Credit Investments E8.5% remained at US$9.90 as 12 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.