A huge 1,540 percent surge in funds entering the Jamaica Stock Exchange US dollar market on Monday, propelled the volume of stocks trading up by a massive 1,985 percent, increase, resulting from an exchange of five securities, compared with six on Friday, with prices of one rising, one declining and three ending firm.
The market closed with an exchange of 553,286 shares for US$20,101 after rising from 26,534 stock units at only US$1,226 on Friday.
Trading averaged 110,657 units at US$4,020, up from 4,422 stocks at US$204 on Friday. Trading for the month to date averages 32,544 units at US$1,935, in close alignment with 29,147 stocks at US$1,844 on the previous day and October, with an average of 35,022 units for US$2,855.
The US Denominated Equities Index sank 1.19 points to close trading at 198.48. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 8.1. The PE ratio is computed by dividing the last traded price by projected earnings, as provided by ICInsider.com for companies with financial year-ends around August 2026.
At the close of the market, Margaritaville slipped 1.2 cents to 8 US cents with a transfer of 1,775 shares, Proven Investments ended at 10 US cents after an exchange of 54,253 stock units, Sterling Investments remained at 2 US cents, with the trading of 2,060 shares. Sygnus Credit Investments rose 0.69 of a cent after closing at 7.7 US cents with 343 stocks clearing the market and Transjamaican Highway ended at 2.97 US cents with investors swapping 494,855 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.