Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 718 percent with little change in value compared to Friday, resulting from trading in seven securities, as was the case on Friday. No stock enjoyed a price hike, as four declined and three ended unchanged.
A total of 721,255 shares were exchanged for US$11,383 versus 88,165 units at US$11,398 on Friday.
Trading averaged 103,036 shares at US$1,626 versus 12,595 shares at US$1,628 on Friday. Trading for the month to date averaged 46,055 units at US$1,279 compared with 36,326 units at US$1,220 on the previous day. April ended with an average of 394,241 units for US$22,357.
The US Denominated Equities Index dipped 5.57 points to close at 232.19.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio is calculated based on the last traded price of each stock divided by projected earnings forecasts done by ICInsider.com for companies with their financial year ending between November 2023 and August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, MPC Caribbean Clean Energy ended at 59 US cents after 75 shares passed through the market, Productive Business Solutions lost 0.01 of a cent in ending at US$1.8999, with investors trading two stocks, Proven Investments ended at 17 US cents with a transfer of 4,829 units. Sygnus Credit Investments declined 0.02 of a cent to end at 9.4 US cents with an exchange of 6,747 stock units and Transjamaican Highway dipped 0.01 of a cent to 1.2 US cents after a transfer of 709,451 stocks.
In the preference segment, Productive Business Solutions 9.25% preference share shed 31 cents to close at US$12.84 in switching ownership of 150 units and Eppley 6% preference share ended at US$1.40 after one stock unit crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
