JSE USD trading surges to close September

Trading surged sharply on the Jamaica Stock Exchange US dollar market on Monday, with a 1,494 percent jump in the volume of stocks traded following an 845 percent rise in funds pumped in trading compared with Friday, resulting in the exchange of seven securities, down from eight on Friday with prices of three rising, two declining and two ending unchanged.
The market closed with an exchange of 2,488,448 shares for US$141,556 up from 156,160 units at US$14,973 on Friday.
Trading averaged 355,493 shares for US$20,222 up from 19,520 stocks at US$1,872 on Friday, with a month to date average of 161,382 shares at US$5,462 compared with 150,683 units at US$4,648 on the previous day and August that ended with an average of 297,880 stocks for US$8,245.
The US Denominated Equities Index increased 2.62 points to end the last day of September at 229.53.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 8.1. 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.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AS Bryden gained 1.51 cents and ended at 24 US cents after 393,972 stock units passed through the market, First Rock Real Estate USD share dipped 0.01 of a cent to 3.99 US cents after trading of 2,224 shares, Proven Investments sank 0.49 of one cent to end at 9.51 US cents in an exchange of 1,830 stocks. Sterling Investments rose 0.04 of a cent in closing at 1.68 US cents with investors trading 84 units, Sygnus Credit Investments ended at 7.19 US cents in an exchange of 200 shares and Transjamaican Highway advanced 0.3 of a cent to finish at 2.5 US cents with investors dealing in 2,089,738 stock units.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10, with 400 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.