The US Dollar Market of the Jamaica Stock Exchange slipped on Monday, even as the volume of stocks traded jumped by 310 percent with a 306 percent higher value compared with Friday, resulting in an exchange of 10 securities, similar to Friday and ended with prices of two rising, three declining and five ending unchanged. The market closed with an exchange of 5,256,613 shares for US$348,331, after soaring from 1,282,333 stock units at US$85,862 on Friday.
Trading ended with an average of 525,661 shares at US$34,833, up from 128,233 stocks at US$8,586 on Friday, compared with July, with an average of 132,012 units for US$49,788.
The US Denominated Equities Index shed 12.51 points to settle at 286.07. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 15.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2026.
At the close of trading, AS Bryden remained at 16.9 US cents with investors dealing in 1,337 units, Productive Business Solutions dropped 12.75 cents and ended at 72.25 US cents with 14 stocks changing hands, Proven Investments lost 0.47 of a cent to 5.51 US cents with a transfer of 408,402 shares.