Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks changing hands rising 227 percent and valued 407 percent more than on Friday, resulting from trading in five securities, with similar numbers on Friday and ended with prices of two rising, one declining and two ending unchanged.
Overall, 837,700 shares were traded, for US$41,015 compared to 256,238 units at US$8,090 on Friday.
Trading averaged 167,540 units at US$8,203, versus 51,248 shares at US$1,618 on Friday, with a month to date average of 80,896 shares at US$4,753 compared with 76,993 units at US$4,598 previously. October ended with an average of 47,977 units for US$4,392.
The US Denominated Equities Index increased 1.77 points to conclude trading at 226.99.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Proven Investments ended at 15.98 US cents and closed with trading of 187,273 stocks, Sygnus Credit Investments declined 0.27 of a cent in closing at 8.73 US cents, with 1,000 units changing hands and Transjamaican Highway increased 0.19 of a cent to end at 1.7 US cents with traders dealing in 647,585 shares.
In the preference segment, JMMB Group 5.75% climbed 1.5 cent and ended at US$2.20 in an exchange of 59 stock units and JMMB Group 6% remained at US$1 with investors dealing in 1,783 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rises as trading jumps
November 27, 2023 by
