Mixed trading on the JSE USD Market

The Jamaica Stock Exchange US dollar market closed modestly higher at the close on Monday, with the levels of market activity declining compared with Friday, with the volume of stocks traded dropping 35 percent valued at 523 percent more than on Friday, resulting in exchange of nine securities, compared to seven on Friday with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 107,733 shares for US$45,990 compared to 166,468 units at US$7,387 on Friday.
Trading averaged 11,970 shares at US$5,110 compared to 23,781 shares at US$1,055 on Friday, with a month to date average of 171,852 shares at US$4,908 compared with 212,964 units at US$4,856 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index increased just 0.70 points to end the day at 235.48.
The PE Ratio, one of the most popular measure 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 two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Real Estate USD share popped 0.1 of a cent to finish at 4.1 US cents after an exchange of 216 stocks, Margaritaville increased 2 cents to 10 US cents, with 218 units changing hands, Proven Investments ended at 10 US cents with investors trading 2,037 shares. Sterling Investments ended at 1.61 US cents after 547 stock units crossed the market, Sygnus Credit Investments ended at 7 US cents as investors exchanged 6,951 shares and Transjamaican Highway fell 0.12 of a cent to close at 2.13 US cents in switching ownership of 74,107 stock units.
In the preference segment, JMMB Group US8.5% preference share sank 8 cents to US$1.10 after an exchange of 1,800 units, JMMB Group 5.75% climbed 9 cents to finish at US$1.85 with investors dealing in 21,706 stocks and Sygnus Credit Investments US 8% ended at US$10 after an exchange of 151 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.