Stocks surged in trading on Monday with a 335 percent jump in volume at a 109 percent greater value than on Friday on the Jamaica Stock Exchange US dollar market, resulting in the exchange of seven securities, down from 10 on Friday with the price of no stock rising, two declining and five ending unchanged.
The market closed with an exchange of 925,163 shares for US$39,022 up from 212,448 stocks at US$18,687 on Friday. Trading ended with an average of 132,166 shares at US$5,575 up from 21,245 stocks at US$1,869 on Friday, compared with November that ended with an average of 186,934 units for US$9,182.
The US Denominated Equities Index dropped 0.81 points to conclude trading at 267.05. The Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
The PE Ratio, one of the best known measures used to determine appropriate stock values, averages 6.9. 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.
At the close of the trading activity, First Rock Real Estate USD share ended at 2.45 US cents with investors trading 20,275 stock units, Proven Investments remained at 11.1 US cents after an exchange of 132,539 shares, Sterling Investments ended at 1.55 US cents with 19 stock units changing hands. Sygnus Real Estate Finance USD share remained at 6 US cents after an exchange of just 1 stock and Transjamaican Highway lost 0.27 of a cent to finish at 2.62 US cents with investors swapping 772,141 units.
In the preference segment, Productive Business Solutions 9.25% preference share ended at US$10.40 with an exchange of 175 stocks and Sygnus Credit Investments E8.5% dropped US$1 to US$9 with 13 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
