The level of trading surged sharply on Monday, ending with the volume of shares changing hands spiking 4,327 percent and the value surging 4,871 percent over Friday’s levels at the close of the Jamaica Stock Exchange US dollar market, resulting in an even number of stocks rising and falling.
Sygnus Real Estate traded 5 million shares on Monday
Trading ended with nine securities changing hands, up from seven on Friday, with prices of two rising, two declining and five ending unchanged.
The JSE US Denominated Equities Index gained 0.96 points to end at 196.88. Overall, 5,180,361 shares traded for US$780,108 up from 117,025 units at US$15,695 on Friday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Trading averaged 575,596 units at US$86,679, compared to 16,718 shares at US$2,242 on Friday and month to date averages 89,297 shares at US$11,693 versus 44,176 units at US$4,736 on Friday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and no stock with a lower offer.
At the close, First Rock Capital USD share rallied 0.1 of a cent in closing at 7 US cents while exchanging 842 shares,
Margaritaville finished unchanged at 9 US cents with an exchange of 65,070 stocks, Proven Investments declined 0.44 of a cent in ending at 23 US cents with the swapping of 40,373 stock units. Sygnus Credit Investments Jamaican dollar denominated share remained at 12.83 US cents in an exchange of 53 units, Sygnus Credit Investments USD share rose half a cent to end at 13 US cents, with 4,481 units clearing the market, Sygnus Real Estate Finance USD share ended at 15 US cents after trading 5,000,478 shares. Transjamaican Highway finished unchanged at 0.85 f a US cent with 60,764 stocks changing hands.
In the preference segment, JMMB Group 5.75% fell 3 cents in closing at US$2.02, with 5,000 stock units crossing the market and JMMB Group 6% remained at US$1.05 in switching ownership of 3,300 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.