At the close of the market on Friday trading resulted in the exchange of more shares from fewer companies on the Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded rising 104 percent with a 44 percent lower value than on Thursday, resulting in exchange of six securities, down from nine on Thursday with prices of three rising, two declining and one ending unchanged.
The market closed with an exchange of 1,177,910 shares for US$32,735 compared to 577,225 stock units at US$58,717 on Thursday.
Trading ended with an average of 196,318 shares at US$5,456 compared with 64,136 stocks at US$6,524 on Thursday, with a month to date average of 74,471 units at US$3,626 compared with 44,010 stocks at US$3,169 on the previous day and February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index fell 1.56 points to conclude trading at 221.51. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 9.6. 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 Friday, First Rock Real Estate USD share popped 0.3 of one cent to end at 2.09 US cents with investors trading 9,456 stocks,
Proven Investments lost 1 cent in closing at 10 US cents in switching ownership of 5,354 units, Sterling Investments remained at 1.7 US cents after investors ended trading 54,699 shares. Sygnus Credit Investments climbed 0.69 of one cent and to 7 US cents with an exchange of 30,256 stock units and Transjamaican Highway increased 0.19 of a cent to close at 2.5 US cents with t 1,074,745 shares crossing the market.
In the preference segment, JMMB Group US8.5% preferred share declined 0.5 of one cent to finish at US$1.045 in trading 3,400 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.