The Jamaica Stock Exchange US dollar market jumped 4.7 percent in closing trading on Monday, resulting from an exchange of 12 securities, up from nine on Friday with prices of three rising, six declining and three ending unchanged, with the volume of stocks traded rising 210 percent as the value dipped by 24 percent lower than on Friday.
Despite the jump in the number of companies traded, the market closed with an exchange of just 309,324 shares for US$9,698 compared to 99,850 shares at US$12,828 on Friday.
Trading averaged 25,777 shares at US$808 well above the 11,094 stocks at US$1,425 on Friday, with a month to date average of 37,667 units at US$1,641, down from 46,584 stocks at US$2,265 on the previous trading day and April that ended with an average of 261,717 units for US$10,686.
The US Denominated Equities Index gained 10.72 points to finish at 229.88. The Investor’s Choice bid-offer indicator shows no stocks ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 11.3. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of the market activity, AS Bryden popped 4.1 cents to close at 24 US cents in an exchange of a mere one share, First Rock Real Estate USD share ended at 1.99 US cents with investors trading 27,139 stock units, Margaritaville dipped 0.13 of a cent to end at 7.87 US cents with traders switching owners of 229 shares. Proven Investments sank 0.01 of one cent to close at 11.0 US cents with investors trading 145 shares,
Sterling Investments advanced 0.38 of a cent and ended at 2.14 US cents with traders dealing in 5,968 units, Sygnus Credit Investments remained at 7 US cents after a transfer of 26,694 stocks. Sygnus Real Estate Finance USD share dropped 0.19 of one cent and ended at 8.01 US cents with 668 units crossing the market and Transjamaican Highway slipped 0.11 of one cent to 2.42 US cents after 248,237 shares were traded.
In the preference segment, JMMB Group US8.5% preference share fell 3 cents to close at US$1.10 with traders dealing in 159 stock units. Productive Business Solutions 9.25% preference share shed 20 cents to finish at US$10.20 after 15 shares were traded, Sygnus Credit Investments US 8% rose 96 cents in closing at US$9.76 after an exchange of 35 stock units and Sygnus Credit Investments E8.5% ended at US$10 in trading 34 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.