Trading dropped on the Jamaica Stock Exchange US dollar market on Monday with investors exchanging 98 percent fewer shares with a 56 percent lower value than on Friday resulting from an exchange of nine securities, up from seven on Friday with prices of four rising, two declining and three ending unchanged at the close of the market.
The market closed with trading in 20,668 shares amounting to US$13,498, down from 843,267 stocks at US$30,797 on Friday. Trading averaged 2,296 shares at US$1,500 compared to 120,467 stocks at US$4,400 on Friday, with a month to date average of 54,477 units at US$2,908 versus 58,908 stocks at US$3,028 on the previous day and December that ended with an average of 229,957 units for US$7,451.
The US Denominated Equities Index gained 5.37 points to settle at 239.37. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values averages 7.1. 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 US Dollar market, Margaritaville advanced 2 cents and ended at 10 US cents with 500 stock units passing through the market, Productive Business Solutions remained at US$1.45 after an exchange of just 3 shares, Sterling Investments lost 0.29 of a cent to end at 1.46 US cents with a mere 2 units crossing the market. Sygnus Credit Investments popped 0.1 of a cent to close at 6.1 US cents in an exchange of 12,000 stocks, Sygnus Real Estate Finance USD share ended at 5.9 US cents with only 2 shares crossing the market and Transjamaican Highway increased 0.32 of one cent to close at 2.88 US cents with a transfer of 1,079 stocks.
In the preference segment, JMMB Group US8.5% preferred share ended at US$1.13 with 6,589 units crossing the exchange, Productive Business Solutions 9.25% preference share slipped 30 cents to close at US$10.40 after a transfer of 443 stock units and Sygnus Credit Investments E8.5% climbed 20 cents to finish at US$10 with the trading of 50 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.