Trading on the Jamaica Stock Exchange US dollar market ended Monday, with the volume of stocks exchanged rising 9 percent after 625 percent more US dollars entered the market compared with Friday, resulting in trading in six securities, compared to eight on Friday with prices of none rising, two declining and four ending unchanged.
The market closed with an exchange of 90,769 shares for US$18,681 up from 83,304 units at US$2,577 on Friday.
Trading averaged 15,128 units at US$3,113 versus 10,413 shares at US$322 on Friday, well below the month to date average of 54,141 shares at US$3,842 compared with 56,108 units at US$3,878 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index lost 0.14 points to cease trading at 250.57.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Margaritaville slipped 1 cent to end at 10 US cents with 70,084 stocks clearing the market, Productive Business Solutions ended at US$1.70 in switching just one unit, Proven Investments ended at 15.99 US cents after investors traded 1,918 shares. Sygnus Real Estate Finance USD share dipped 1.74 cents to close at 11 US cents after 7,038 units crossed the exchange and Transjamaican Highway remained at 2.19 US cents after a transfer of 2,728 shares.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.17 with investors swapping 9,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No rising stock on the JSE USD Market
March 25, 2024 by
