The Jamaica Stock Exchange US dollar market closed on Friday, with a 1,872 percent surge in the volume of stocks traded with a 420 percent jump in value over Thursday, resulting in trading in five securities, down from seven on Thursday with prices of one rising, two declining and two ending unchanged.
The market closed with an exchange of 861,865 shares for US$18,856 compared to 43,698 units at US$3,627 on Thursday.
Trading averaged 172,373 stock units at US$3,771 versus 6,243 shares at US$518 on Thursday, with a month to date average of 57,329 shares at US$2,516 compared with 36,024 units at US$2,283 on the previous day and July that ended with an average of 30,304 units for US$2,118.
The US Denominated Equities Index fell 3.01 points to 221.81.
The PE Ratio, a most used measure for computing appropriate stock values, averages eight. 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 one with a lower offer.
At the close, AS Bryden ended at 22.49 US cents with investors trading 4,000 stock units, First Rock Real Estate USD share popped 0.1 of a cent to 4.1 US cents with 252 shares crossing the market, Proven Investments lost 0.9 of one cent to finish at 11 US cents after an exchange of 519 stock units and Transjamaican Highway sank 0.08 of a cent and ended at 2 US cents after 856,954 units crossed the market.
In the preference segment, Sygnus Credit Investments E8.5% remained at US$10.34 with investors dealing in 140 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on JSE USD Market
August 9, 2024 by
