Trading pulled back from the big surge in the exchange of stocks on Friday at the close of the Jamaica Stock Exchange US dollar market on Monday, with the volume declining 96 percent and the value by 86 percent, resulting in the exchange of nine securities, up from six on Friday, with prices of two rising, four declining and three ending unchanged.
The market closed with an exchange of 126,779 shares for US$11,408, down sharply from 3,052,858 stocks at US$79,166 on Friday.
Trading ended with an average of 14,087 shares at US$1,268 compared with 508,810 stocks at US$13,194 on Friday, compared with August, with an average of 261,739 units for US$8,269. The US Denominated Equities Index dropped 5.58 points to end at 203.23. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.1. 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 2026.
At the close, First Rock Real Estate USD share remained at 1.95 US cents after investors exchanged 50 shares, Proven Investments lost 0.88 of a cent to close at 10 US cents, with 51,566 units changing hands, Sterling Investments advanced 0.01 of a cent to finish at 2.04 US cents, with investors trading 21,526 shares. Sygnus Credit Investments skidded 0.58 of one cent and ended at 7 US cents after an exchange of 13,000 stock units and Transjamaican Highway slipped 0.1 of a cent in closing at 2.4 US cents, with 38,287 stocks being traded.
In the preference segment, JMMB Group 7.5% ended at US$2.03 in an exchange of 963 units. JMMB Group US8.5% popped 1 cent to US$1.13 with investors swapping 1,100 stocks, AS Bryden dipped 7 cents to end at 90 US cents, with 236 shares crossing the exchange and Productive Business Solutions 9.25% ended at US$10.60 in trading 51 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated