Trading surged at the close of the Jamaica Stock Exchange US dollar market with the volumes of stocks trading on Monday surging 910 percent with a 1,812 percent greater value than Friday, following an exchange of 10 securities, up from six on Friday with prices of four rising, four declining and two ending unchanged.
The market closed with an exchange of 4,993,262 shares costing US$460,060 compared with 494,374 stock units at US$24,068 on Friday.
Trading averaged 499,326 shares at US$46,006 up from 82,396 stocks at US$4,011 on Friday. Trading for the month to date average 105,442 units at US$8,399 compared with 60,683 stocks at US$4,126 on the previous day and October with an average of 426,617 units for US$11,189.
The US Denominated Equities Index rallied 3.32 points to close at 227.32. The Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than the last selling price and just one with a lower offer.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.8. 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 of market activity, Margaritaville sank 0.54 of one cent to close at 8.45 US cents in an exchange of 42 stocks, Productive Business Solutions ended at US$1.46 and closed with 44 units changing hands, Proven Investments remained at 11.1 US cents with 4,406,357 shares switching owners. Sterling Investments shed 0.15 of one cent and ended at 1.4 US cents as investors exchanged 6,878 stock units, Sygnus Credit Investments lost 0.01 of one cent to end at 6.97 US cents with a transfer of 5,000 shares, Sygnus Real Estate Finance USD share advanced 0.01 of a cent in closing at 5 US cents with 52,355 stocks crossing the exchange and Transjamaican Highway rose 0.15 of a cent to 2.55 US cents with investors dealing in 522,091 units.
In the preference segment, JMMB Group 5.75% gained 12 cents to US$2.10 in an exchange of 226 stock units, Productive Business Solutions 9.25% preference share popped US$1 to end at US$10.50 but only after hitting a 52 weeks’ intraday low of $9 with investors trading 266 shares and Sygnus Credit Investments E8.5% dipped 90 cents to close at US$10 with an exchange of a mere 3 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.