Trading surged on the final trading day for May on Jamaica Stock Exchange US dollar market on Friday, with a 62 percent hike in the volume of stocks changing hands, and an 81 percent increase in value than on Thursday, resulting from an exchange of 11 securities, compared with nine on Thursday with prices of five rising, two declining and four ending unchanged.
The market closed with an exchange of 2,331,792 shares for US$107,303, sharply higher than the 1,443,539 stocks at US$59,446 exchanged on Thursday.
Trading averaged 211,981 shares at US$9,755, up from 160,393 stock units at US$6,605 on Thursday, with a month to date average of 71,616 units at US$3,425 compared to 62,144 stocks at US$2,998 on the prior day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index dropped 17.44 points to close at 219.24. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.7. 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 the last trading day for May, AS Bryden declined 7.29 cents to end at 19.61 US cents in trading just 2 shares, MPC Caribbean Clean Energy rallied 12.29 cents to 53.29 US cents with an exchange of a mere one stock, Productive Business Solutions ended at US$1.25 with investors trading 85 shares. Proven Investments remained at 11.91 US cents after an exchange of 12 stock units, Sygnus Credit Investments popped 0.11 of a cent to finish at 7 US cents with investors dealing in 142,585 units, Sygnus Real Estate Finance USD share ended trading at 7 US cents with 1,512 shares passing through the market and Transjamaican Highway increased 0.09 of one cent to 2.49 US cents after a transfer of 2,170,972 stocks.
In the preference segment, JMMB Group 7.5% sank 3 cents to end at US$2.06 with 15,000 units changing hands, JMMB Group US8.5% remained at US$1.10 with traders dealing in 417 stock units. Sygnus Credit Investments US 8% climbed 1 cent and ended at US$9.02 in an exchange of 6 shares and Sygnus Credit Investments US 8% rose 64.01 cents to close at US$9.8401 with investors trading 1,200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.