The Jamaica Stock Exchange US dollar market lost ground on Monday, with an 86 percent drop in volume of stocks traded, and an 82 percent dive in value, compared to Friday. Trading ended with nine securities changing hands compared with 11 on Friday, with no price gains, five declined and four ended unchanged.
The market closed with an exchange of 353,790 shares for US$13,093, falling precipitously from 2,482,008 stocks at US$72,123 on Friday.
Trading averaged 39,310 shares at US$1,455, down from 225,637 stocks at US$6,557 on Friday, with a month to date average of 51,028 units at US$2,717, down from 52,330 stocks at US$2,858 on the previous day and June that ended with an average of 591,343 units for US$19,218.
The US Denominated Equities Index shed 6.08 points to close at 204.86. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
The PE Ratio, one of the most frequently used measures to determine appropriate stock values, averages 10.3. 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 slow trading, Productive Business Solutions ended at US$1.19 after an exchange of 87 shares, Proven Investments remained at 10.99 US cents with investors swapping 944 units, Sygnus Credit Investments skidded 0.49 of one cent to end at 7.11 US cents with 3,050 stocks crossing the exchange. Sygnus Real Estate Finance USD share remained at 5 US cents after a transfer of 92 shares and Transjamaican Highway lost 0.04 of one cent to finish at 2.33 US cents as traders passed 349,156 stock units through the market.
In the preference segment, JMMB Group 7.5% ended at US$2.10 in exchange for a mere one
share. Productive Business Solutions 9.25% declined US$1.30 to US$9 with 100 stocks crossing the market, Sygnus Credit Investments 8% slipped 5 cents to finish at US$9.50 as investors exchanged 200 stocks and Sygnus Credit Investments E8.5% dropped 20 cents and ended at US$9.70 with 160 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.