The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded declining 41 percent with a 30 percent lower value than on Friday, resulting in the exchange of seven securities, compared with six on Friday with prices of three rising, two declining and two ending unchanged.
The market closed with an exchange of 699,719 shares for US$22,846 down from 1,177,910 stocks at US$32,735 on Friday.
Trading averaged 99,960 shares at US$3,264 compared to 196,318 stocks at US$5,456 on Friday, with a month to date average of 79,294 units at US$3,558 in line with 74,471 stocks at US$3,626 on the previous day but below February that ended with an average of 115,433 units for US$5,430.
The US Denominated Equities Index jumped 16.36 points to cease trading at 237.86. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 11.6. 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, First Rock Real Estate USD share dropped 0.47 of one cent in closing at 1.62 US cents after 18,320 stock units passed through the market, Productive Business Solutions rallied 40 cents to US$1.85 with investors trading just 5 shares, Proven Investments remained at 10 US cents after a transfer of 13,855 stocks. Sterling Investments rose 0.17 of a cent to end at 1.87 US cents as investors exchanged 5,474 units, Sygnus Credit Investments sank 0.4 of a cent to finish at 6.6 US cents with a transfer of 8,400 shares and Transjamaican Highway ended at 2.5 US cents with 653,165 stock units crossing the market.
In the preference segment, Sygnus Credit Investments US 8% gained US$1.50 to end at US$10 with investors trading 500 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.