Increased market activity ended with a jump in the number of listings trading on the Jamaica Stock Exchange US dollar market on Monday, resulting in an exchange of 13 securities, up from just seven on Friday, with prices of four rising, four declining and five ending unchanged.
Trading ended with a 67 percent decline in the volume of stocks traded, accompanied by a 48 percent drop in value compared to Friday.
The market closed with an exchange of 1,046,928 shares for US$52,952, after tumbling from 3,135,427 stocks at US$102,687 on Friday.
Trading averaged 80,533 shares at US$4,073 compared to 447,918 stocks at US$14,670 on Friday, with a month to date average of 125,424 units at US$5,978, down slightly from 130,635 stocks at US$6,200 on the previous day and August ending with an average of 261,739 units for US$8,269.
The US Denominated Equities Index rallied 2.51 points to close trading at 198.88. 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 frequently used measures to determine appropriate stock values, averages 9.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with a financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share ended at 2.48 US cents with 7,619 shares crossing the market, Margaritaville ended at 8.1 US cents with traders dealing in 136 units, MPC Caribbean Clean Energy closed at 44.84 US cents after an exchange of 74 shares. Productive Business Solutions ended at 85 US cents with a transfer of 7,927 stock units, Proven Investments slipped 0.1 of one cent and ended at 9.9 US cents with investors dealing in 36,919 stocks, Sygnus Credit Investments popped 0.06 of one cent to finish at 7.31 US cents after trading of 2,000 shares. Sygnus Real Estate Finance USD share gained 0.81 of a cent and ended at 5.81 US cents with traders exchanging 1,114 stocks and Transjamaican Highway rose 0.03 of a cent to 2.67 US cents after closing with an exchange of 985,814 units.
In the preference segment, JMMB Group 7.5% remained at US$2.10 in trading 814 stock units. JMMB Group US8.5% fell 7 cents to finish at US$1.13 with 3,508 shares passing through the market, Productive Business Solutions 9.25% skidded 22 cents to close at US$10.28 in an exchange of 100 units, Sygnus Credit Investments 8% lost 40 cents to end at US$10 with investors trading 898 stocks and Sygnus Credit Investments E8.5% climbed 48.98 cents in closing at US$9.90 in an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 354,683 shares for US$28,017, rising from 61,580 stocks at US$21,533 on Monday.
The market closed with an exchange of 654,501 shares for US$127,810, slipping from 991,036 units at US$40,146 on Wednesday.
The market closed with an exchange of 234,618 shares for US$22,007, down from 1,092,929 stock units at US$65,621 on Thursday.
The market closed with an exchange of 203,548 shares for US$5,046, down sharply from 7,320,894 stock units at US$182,827 on Tuesday.
The market closed with an exchange of 469,876 shares for US$15,944 compared to 1,065,058 shares valued at US$37,187 on Thursday.
The market closed with an exchange of 290,134 shares for US$24,809, surging from 88,568 stocks at US$13,671 on Thursday.
The market closed with an exchange of 88,568 shares for US$13,671, with a drop from 221,759 stocks to US$20,033 on Wednesday.