Trading plunged on the Jamaica Stock Exchange US dollar market on Monday, with the volume of stocks traded declining by 32 percent with a 44 percent lower value than on Friday, resulting from an exchange of eight securities, compared with nine on Friday with prices of three rising, four declining and one ending unchanged.
The market closed with an exchange of 169,339 shares for US$9,714 down from 249,958 stocks at US$17,257 on Friday.
Trading averaged 21,167 shares at US$1,214 compared to 27,773 stocks at US$1,917 on Friday, compared with 103,137 stocks at US$4,549 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index dropped 3.46 points to end at 241.54. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the best known measures used in determining appropriate stock values, averages 7.4. 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 trading, First Rock Real Estate USD share skidded 0.45 of a cent and ended at 3.29 US cents with 2,179 units crossing the market, Proven Investments fell 0.6 of one cent to 12.2 US cents in an exchange of 13,155 stocks, Sterling Investments ended at 1.8 US cents with 6,920 shares changing hands. Sygnus Credit Investments rose 0.2 of a cent to 6.8 US cents after an exchange of 5,138 stocks and Transjamaican Highway climbed 0.12 of one cent to close at 2.84 US cents with 140,450 shares crossing the market.
In the preference segment, JMMB Group 5.75% rose 14 cents to finish at US$1.85 with an exchange of 1,362 units. Sygnus Credit Investments US 8% lost 81.96 cents and ended at US$8.60 with 100 stocks crossing the market and Sygnus Credit Investments E8.5% dipped 5 cents to US$9.95 in an exchange of 35 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
