The US Dollar Market of the Jamaica Stock Exchange closed out August on Monday, with a mild increase in the volume of stocks traded, following a 30 percent drop in value compared with Friday. The market closed with an exchange of 11 securities, compared with 10 on Friday, with prices of four rising, two declining and five ending unchanged.
Trading ended following an exchange of 1,186,972 shares worth US$82,527 compared to 1,152,520 stock units at US$117,982 on Friday.
An average of 107,907 shares valued at US$7,502 were traded, compared with 115,252 stock units at US$11,798 on Friday, Trading for the month to date averages 115,072 stock units at US$12,480 which is closely matched with 115,496 stock units at US$12,774 on the previous trading day and lower than for July that ended with an average of 132,012 units for US$49,788.
The US Denominated Equities Index rose 2.09 points to finish at 321.17. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 15.5. 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, AS Bryden fell 1 cent to end at 17 US cents in an exchange of 2,267 stock units, First Rock Real Estate USD share remained at 1.87 US cents, with 19,968 shares crossing the market, MPC Caribbean Clean Energy ended at 22.99 US cents with investors dealing in 10 units. Productive Business Solutions rose 5.99 cents to 84.99 US cents after trading of 11 stocks, Proven Investments slipped 0.5 of one cent in closing at 5.5 US cents in an exchange of 180,075 shares, Quantas Advantage ended at 11.64 US cents with investors trading 3 stock units. Sterling Investments rallied 0.1 of a cent to 2 US cents in exchanging 202,685 stocks, Sygnus Credit Investments popped 0.01 of one cent and ended at 5.9 US cents after an exchange of 10,066 units, Sygnus Real Estate Finance USD share remained at 4.7 US cents, with 7 shares clearing the market and Transjamaican Highway popped 0.2 of one cent to 7.75 US cents after a transfer of 766,068 stock units.
In the preference share segment, JMMB Group US8.5% remained at US$1.299 after 5,812 stocks passed through the market.
Prices of securities trading are those of the last transaction.