Trading surged on Monday, with Quantas Advantage and Transjamaican Highway, each trading more than a million units on the Jamaica Stock Exchange US Dollar Market. Trading ended with an exchange of 3,033,688 shares, up 493 percent from 511,787 units on Friday, worth US$351,530, up 958 percent from US$33,241. Trading ended with an exchange of 11 securities, similar to trading on Friday, with prices of four rising, five declining and two ending unchanged.
The market closed with an average of 275,790 shares for US$31,957, up from 46,526 stocks at just US$3,022 on Friday. Trading month to date, averages 80,642 units at US$7,744 compared with 49,976 stock units at US$3,940 on the preceding day and an average of 120,090 shares for US$9,981.for September.
The US Denominated Equities Index fell 5.21 points to finish at 274.89. The Investor’s Choice bid-offer indicator shows two 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 17.5. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded stock price by the earnings per share for the financial year ending around August 2027.
At the close, First Rock Real Estate USD share lost 0.1 of a cent, after closing at 1.9 US cents, with 1,743 units crossing the market, Proven Investments climbed 0.38 of one cent to end at 6 US cents after trading of 26,777 stocks, Quantas Advantage increased 0.2 of a cent and ended at 15 US cents with 1,610,702 shares clearing the market. Sterling Investments declined by 0.05 of a cent to finish at 2.2 US cents after an exchange of 1,987 stocks, Sygnus Credit Investments popped 0.55 of a cent to close at 6.58 US cents, with 72 shares changing hands and Transjamaican Highway fell by 0.1 of one cent and ended at 6.1 US cents, with 1,375,528 stocks crossing the exchange.
In the preference segment, JMMB Group US8.5% shed 4 cents to end at US$1.01 in trading 16,000 units, AS Bryden 6% ended at US$1 with 2 stocks being traded, Productive Business Solutions 9.25% dropped 50 cents to finish at US$11 in an exchange of 103 shares. Sygnus Credit Investments 8% remained at US$10, with investors trading 748 units and Sygnus Credit Investments 8% gained 39 cents to close at US$9.99 after an exchange of 26 shares.
Prices of securities trading are those for the last transaction.