Falling stocks dominated the Jamaica Stock Exchange US Dollar Market with an exchange of 11 securities on Monday, compared with seven on Friday, with the price of only one rising, while seven declined and three ended unchanged, resulting in a sharp fall in the market index. Trading closed with a 311 percent surge in volume of stocks traded, with a 107 percent increase in value compared with trading on Friday, with Transjamaican Highway accounting for 93 percent of stocks traded.
The market closed with an exchange of 1,387,653 shares for US$107,528 after surging from 337,799 stock units at US$51,834 on Friday.
Trading ended with an average of 126,150 shares at US$9,775 compared to 48,257 stock units at US$7,405 on Friday, with a month to date average of 96,354 units at US$8,360 just above the 92,357 stock units at US$8,170 on the previous trading day and lower than August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index slipped 12.86 points to finish at 301.04. 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 most used measures to determine appropriate stock values, averages 15.3. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, AS Bryden ended at 16.9 US cents with four stock units crossing the exchange, First Rock Real Estate USD share declined 0.15 of a cent to 1.85 US cents with 8,998 shares changing hands, Margaritaville fell 0.88 of one cent to finish at 5.01 US cents after an exchange of 13 units. Proven Investments dropped 0.04 of a cent and ended at 5.56 US cents with trading of 49,400 stocks, Quantas Advantage shed 1.95 cents to end at 11.05 US cents with 900 shares crossing the market, Sterling Investments remained at 2.2 US cents as investors exchanged 18,307 units. Sygnus Credit Investments lost 0.53 of one cent to 5.36 US cents with a transfer of 17,387 stocks, Sygnus Real Estate Finance USD share ended at 4.79 US cents with the swapping of 304 stocks and Transjamaican Highway slipped 0.25 of one cent and ended at 7.24 US cents with 1,291,187 shares changing hands.
In the preference segment, Productive Business Solutions 9.25% rallied 15 cents to close at US$11.75 in an exchange of 1,043 units and Sygnus Credit Investments 8% dipped 2 cents to close at US$9.60, with 110 stocks crossing the market.
Prices of securities trading are those of the last transaction
.